Selective’s casualty reserves stabilize as it prices out weaker commercial accounts
Three straight quarters without adverse casualty development mark a turnaround, but commercial retention has fallen to 82%
Insurance News
TCEQ Shuts Down Online Permit Filing System After Data Center Controversy
The Texas Commission on Environmental Quality has shut down its automated electronic filing system after watchdog groups said the agency violated a directive from Gov. Greg Abbott and issued multiple
PHP2Shell signals a “new reality of vulnerabilities” for businesses
"This won't be the last bad vulnerability we will see this month or this year," says Beazley Security head
MG Geraghty, Chubb, Helvetia, Tysers, Gallagher: 17 APAC insurance people moves of the week
InsuranceAsia News wraps up the people moves from the insurance industry in Asia this week. 1. MG Geraghty hires Howden’s associate director as business development head Hong Kong-based MG Geraghty In
Healthcare data breaches hit record pace as vendor risk surges
More than one billion healthcare records have been breached since 2009, with business associates now the dominant exposure point
Rhode Island scam-ad suit adds to Meta's legal bill as insurers keep their distance
A day after a $25 billion penalty in New Mexico, the price of insuring Meta's debt hit a record, and liability insurers have fresh reason to watch the growing pile of Meta lawsuits
Beazley | Navigating geopolitical risks at sea
The global economy relies on a handful of critical maritime chokepoints. From the Strait of Hormuz and the Red Sea to the Suez Canal, these narrow but strategically vital waterways carry huge volumes
IAG confident RACI deal will be completed in 2027 despite opposition
IAG expects its proposed acquisition of RAC Insurance (RACI) to be completed next year, even as it waits for a decision from the anti-trust regulator on its public benefit application filed last week.
Can smaller agencies make E&S business pay?
SIAA’s Matt Masiello says access is only half the challenge for smaller agencies when moving beyond standard markets
Illinois Company Faces $380K Fine for Exposing Employees to Unprotected Trench
The U.S. Department of Labor has cited a Frankfort, Illinois-based utility construction company for repeatedly exposing employees to excavation safety hazards after federal investigators observed empl
Taiwan Halts Stock Trade, Shuts Schools as Typhoon Champi Nears
Taiwan will suspend trading on its stock exchange and shut schools in most areas on Friday as Typhoon Champi approaches the island, disrupting flights and threatening heavy rainfall. Champi is current
Delaware Workers’ Compensation Rates to Drop for 10th Year, This Time by 3.9%
Delaware workers’ compensation insurance rates will decrease for the tenth year in a row, effective December 1, 2026. The voluntary market average loss costs will decrease by 3.99%, while the re
Laboratory Operator Quest Reports Cyber Breach Affecting Patient Records
Quest Diagnostics said it has learned of unauthorized access to its Quanum LSM system, which some clients use to place test orders, receive and look up results. While the full scope of unauthorized ac
Seven in 10 boards now build cyber into enterprise risk, Willis D&O survey finds
Board oversight of cyber is growing, but fewer than half of directors feel well informed about whether security spending actually reduces risk
Russia Drones Are Already Killing People Within EU Territory
Bulgarian shipbroker Yordan Petrov no longer sends his vessels into the Black Sea, calling the brave few who still do “kamikazes.” Seven commercial ships have been attacked by drones off t
Reinsurers enter January renewals flush as record El Niño builds
Insured catastrophe losses are the lowest since 2019, but Gallagher Re's historical data point to higher US losses if the Pacific swings to La Niña next year
Gallagher adds Texas benefits agency Mund Group
The New Braunfels firm will join Gallagher’s Central region benefits consulting business, as employers face the steepest health cost increases in years
Gallagher adds Texas benefits agency Mund Group
The New Braunfels firm will join Gallagher’s Central region benefits consulting business, as employers face the steepest health cost increases in years
Seven in 10 boards now build cyber into enterprise risk, Willis D&O survey finds
Board oversight of cyber is growing, but fewer than half of directors feel well informed about whether security spending actually reduces risk
Pacific insurance rates dropped 12% in Q3 as soft market persists
Pacific region insurance rates continued their downward trend in the third quarter with a 12% drop, following a 13% decline in the previous quarter, according to Marsh’s Global Insurance Market Index.
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