Amid economic headwinds and shifting risks, U.S. insurers face diverging credit rating trends across key market segment, AM Best reports.

New Jersey court rules company lacked authority to release a former subsidiary’s rights to pollution coverage without consent.

Litigation costs drove a 57% increase in US liability claims over the past decade, reaching an annual peak of 7% in 2023, Swiss Re reports.

Commercial insurance prices rise moderately in Q2 2024, with some lines seeing decreases, according to WTW data.

Gallagher finds a growing number of companies are investing in resilience to mitigate risk and lower insurance costs

Surveys by APCIA and CIAB reveal cyber insurance market trends, challenges, and coverage gaps.

Reinsurers enjoy strong financial results as insurers retain more of losses, but must lean in to risks to maintain relevance, Aon reports.

CyberCube report predicts that over the next decade cyber will become a peak peril, driving growth of cyber insurance premiums, as well as demand for capital.

CAT bond market sets records with $12.2 billion in new transactions and $45.6 billion in outstanding capital, according to Aon’s ILS Annual Report.

U.S. recall events decreased in Q2 2024, but defective units surged, presenting regulatory challenges across major industries, according to Sedgwick’s U.S. Recall Index.

The excess and surplus lines property insurance market defies 2023 predictions, with rate decreases gaining momentum, according to Risk Placement Services.

The financial services industry faces heightened cyber threats, with ransomware attacks and zero-day vulnerabilities posing significant risks.

New report from DeepSky Research forecasts a 300% surge in extreme hurricane rainfall frequency and a 33% increase in severity, raising concerns.

Zurich North America outlines the steps businesses and institutions can take to mitigate the risks associated with civil unrest and protests.

The commercial insurance market softens as premium increases slow and technology transforms underwriting and risk assessment processes.

The environmental insurance market remains stable despite increased underwriting scrutiny and emerging contaminant threats like PFAS and ethylene oxide, Lockton reports.

Aon projects employer-sponsored health care costs will surpass $16,000 per employee in 2025, driven by medical claims and specialty drugs.

The 2024 Zywave Broker Services Survey shows evolving employer needs and challenges in employee benefits and commercial insurance.

Renewable energy insurers remain optimistic despite challenges, as the industry adapts to support the transition to a net-zero future, according to a report by WTW.

Employers are expanding comprehensive wellbeing programs to meet employee needs, while adopting varied cost management strategies amid rising health and drug costs, a Gallagher benchmarking report finds.