News

Property Claims Are Fewer but Costlier as Labor Costs Keep Climbing

U.S. claim assignment volume fell to a five-year low in Q2 2026 while severity heads toward the highest level in recent years, according to Verisk.

Fast Growing Industries Could Generate Up To $48 Trillion in Revenue, Reshaping Insurance

Data Center Growth Outpaces Resilience Planning, Global Survey Finds

GLP-1 Drugs Force Insurers to Weigh Today’s Pharmacy Bill Against Tomorrow’s Health Savings

Insurance Availability Now Hinges On Neighborhood-Level Resilience, Not Just Individual Buildings, Report Finds

Recently in News

Cyber Insurance Claims Severity Drops 50% as Threats Shifting to Smaller Targets

Insured companies strengthen their cyber defenses while attackers pivot strategies, Allianz Commercial reports.

Insurance Leads AI Revolution But Struggles to Scale Beyond Pilots

Only 7% of carriers have successfully implemented AI across their organizations despite industry advantages, BCG research finds.

Frontline Workers and Leaders Disagree on Injury Prevention Effectiveness

Nearly 30% of workers experiencing pain don’t report it, highlighting disconnect between management and employees: MSD Solutions Lab research.

Climate Adaptation Gains Momentum, But Strategic Analysis of Investments Lags

Marsh survey reveals disconnect between risk assessment and strategic decision-making on adaptation investment.

Commercial Auto Insurance Losses Hit $4.9 Billion as Legal System Abuse Drives Severity Beyond Pricing Gains

Commercial auto liability losses reach record highs while physical damage remains profitable, AM Best reports.

Extreme Weather Disrupts 62% of Industrial Businesses as Coverage Gaps Persist

New FM survey reveals disconnect between risk awareness and actual preparedness for extreme weather.

Extreme Weather Emerges as Top Business Risk, With Billion-Dollar Disasters More Than Tripling in Five Years

Enterprise risk management leaders face mounting pressure to prepare organizations for both physical and transitional climate impacts: Gartner.

Lloyd’s Reinsurance Profits Surge Despite Looming California Wildfire Impact

Market reports £1.7 billion underwriting profit with 88% combined ratio as segment faces critical test in 2025, AM Best reports.

Survey Reveals Knowledge Gaps About How Workers’ Compensation Works

Survey reveals widespread misconceptions about workers’ compensation rights and protections: Atticus.

Benefits Disconnect: New Study Reveals 73% of Employees Would Stay for Better Personalized Programs

Employers miss the mark on flexibility and financial wellness despite strong benefit offerings, Hub survey shows.

Product Recalls Surge to 881 Events in Q2 2025 While Units Affected Drop 31.5%

All five major industries analyzed saw increased recall activity amid regulatory shifts and AI-driven oversight changes: Sedgwick.

Analysis Reveals Cybersecurity Controls That Reduce Breach Risk

Marsh research shows incident response planning tops list of most effective security measures.

Casualty Catastrophe Market Presents $5B Growth Opportunity as Mass Litigation Surges

Insurance industry leaders must position for structural shift as emerging risks reshape liability landscape: Aon and Moody’s.

Frequent Smaller Events Drive $152 Billion in Annual Catastrophe Losses Globally

Severe thunderstorms and other recurring perils now account for two-thirds of global insured property losses, Verisk reports.

Cyber Insurance Claims Drop 53% in H1 2025, as Ransomware Attacks Grow More Expensive

AI-powered phishing and vendor vulnerabilities reshape the threat landscape, according to Resilience.

AI Adoption Accelerates in Insurance Agencies Despite Lingering Skepticism

Liberty Mutual study reveals generational divide as younger agency employees embrace artificial intelligence for work.

Federal Tort Cases Surge Nearly 20% in Past Two Years: Report

Increases in motor vehicle tort cases and premises liability lead the rise in cases filed, while medical malpractice lawsuits in federal courts decline, Lex Machina finds.

Client Expectations Reshape Insurance Brokers as Service Gaps Emerge

New Zywave survey reveals disconnects between evolving client expectations and broker delivery across employee benefits and commercial insurance.

Predict & Prevent® Podcast Episode 22: Network Effect: From Protecting Homes to Preventing Grid Faults

The same Ting sensor protecting your home from electrical fires could also help prevent billion-dollar wildfires that devastate entire communities.

Reinsurance Market Shifts to Buyers’ Favor as Cat Bond Issuance Shatters Records

Despite $40 billion in wildfire losses, competitive pressures drive pricing down while ILS capacity surges toward $114 billion in 2025: AM Best.