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A majority of insurance companies anticipate significant AI-driven change within three years, yet few have reached advanced implementation, according to AM Best.
Labor shortages and wildfires are two major risks facing the agricultural sector in California.
Medical costs in the workers’ compensation system grew at a more moderate pace than the broader economy in early 2026, but NCCI says the trend is unlikely to last.
RIMS recognizes Bray and Specialized Bicycle Components’ Emily Buckley for their leadership in embedding risk management into organizational strategy and decision-making.
Deal volume in the insurance agency space fell 6% in the first quarter of 2026 compared to a year earlier, marking the 10th consecutive quarter below the long-term trend line, according to OPTIS Partners.
Global insured losses from natural disasters totaled $20 billion in the first quarter of 2026 — 26% below the 10-year average — according to Gallagher Re’s latest Natural Catastrophe and Climate Report.
The latest people news in the industry today.
Global insurance rates declined for the seventh consecutive quarter in early 2026, driven by property rate drops and persistent insurer competition, Marsh reports.
The rapid expansion of solar photovoltaic farms into hail-prone regions is creating new underwriting challenges that demand better risk modeling and mitigation strategies, according to Gallagher Re and AXIS.
Firms with fewer than 20 employees represent more than 90% of construction payroll and face disproportionately higher fatal and nonfatal injury rates, according to CPWR — The Center for Construction Research and Training.
Compounding forces including litigation funding, nuclear verdicts and aggressive trial strategies are pushing medical professional liability severity well beyond general inflation, S&P Global Market Intelligence found.
Average payments for air ambulance transport in workers’ compensation climbed sharply between 2013 and 2024, with wide variation across states, according to the Workers Compensation Research Institute.
Global economic losses from natural disasters reached $37 billion in the first quarter of 2026, well below the 21st-century average, while insured losses tracked near historical norms, according to Aon.
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