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U.S. property/casualty insurers swung to a strong first-quarter underwriting profit as catastrophe losses fell sharply from the prior year’s California wildfire impacts, according to AM Best.
The latest people news in the industry today.
Insurance buyers and sellers are aligned on the threats reshaping the market, but coverage gaps remain in flood and cyber, according to a joint report from Munich Re US and the Insurance Information Institute.
A new category of deliberately restricted frontier AI models, combined with unreliable evaluation methods, is undermining insurers’ ability to price AI risk accurately, according to Gallagher Re.
Adverse loss development on accident years 2023 and 2024, combined with four consecutive years of premium declines, could compress underwriting margins, according to AM Best.
The U.S. economy added 172,000 jobs in May and job openings surged to their highest level since early 2024, according to the National Council on Compensation Insurance.
Brokers overwhelmingly expect affordability pressures to transform benefits plan design within five years, according to the Council of Insurance Agents & Brokers.
Uninsured residential flood losses could range from $375 billion to more than $1 trillion depending on event severity, with protection gaps of about 65% or higher: Moody’s Ratings.
AstroTeq is tackling what seismologists have long deemed impossible: forecasting earthquakes weeks before they occur, and the implications for insurance and risk management are compelling.
Ransomware activity in Q1 2026 held at its second-highest level on record while internal AI adoption is emerging as a cyberrisk for companies, according to Travelers.
Accelerating claim frequency, catastrophic condition costs, and specialty pharmacy inflation are pressuring rates in the medical stop loss market, according to Tokio Marine HCC.
AI-related incidents rose approximately 50% year over year from 2022 to 2024, and exposure is building across multiple insurance lines, according to WTW’s Willis Research Network.
Workplace safety manager employment has grown 165% since 2010, far outpacing overall job growth, but staffing levels vary sharply by state and industry, according to TraceOne.
Despite predictions of reduced storm activity in 2026, Allianz Commercial warns that a below-average forecast has rarely guaranteed a below-average loss year.
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