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Insurance news provides updates on industry trends, regulations, and innovations. It covers topics such as new insurance products, market developments, and insights into risk management, offering valuable information for policyholders and industry professionals alike.
Us Excess And Surplus Lines Market Growing Amid Market Shifts
The U.S. excess and surplus lines (E&S) insurance market witnessed a notable 14.5% increase in direct premiums written in 2023,...
Read moreZurich Insurance Acquires Majority Stake in Kotak Mahindra General Insurance
Cyril Amarchand Mangaldas provided legal counsel to Zurich Insurance Company Ltd in its recent acquisition of a 70% stake in...
Read moreRising Homeowners Insurance Costs Squeeze Louisiana Residents
New Orleans, LA (WVUE) - Louisiana residents are grappling with steep increases in homeowners insurance premiums, with projections indicating the...
Read moreRegulation Extends Insurance Exemption for Building Practitioners
In a recent development, the Design and Building Practitioners Amendment (Miscellaneous) Regulation 2024 has quietly extended the exemption for registered...
Read moreDigital Care Renamed to bolttech Poland Following Acquisition
Poland-headquartered Digital Care, a company specializing in device protection and services, has undergone a rebranding and is now known as...
Read moreGenerali Appoints Cécile Paillard as Group Chief Transformation Officer
Generali Group has announced the appointment of Cécile Paillard as the new Group Chief Transformation Officer, effective from 2nd September....
Read moreOpenRoad Insurance Chooses Majesco’s Solutions to Drive Growth
OpenRoad Insurance has selected Majesco’s Property & Casualty (P&C) Intelligent Core Suite and digital solutions to fuel the expansion of...
Read moreJapanese Life Insurers See 23.1% Surge in Income by March 2024
The income of Japan's life insurance sector surged by 23.1% by the end of March 2024, reaching $125.37 million (¥19.9...
Read moreWotton + Kearney Expands into Asia with New Singapore Hub
Wotton + Kearney, a prominent Australasian insurance and risk law firm, has officially launched its Asia hub in Singapore this...
Read morePing An Insurance Ranks 29th on Forbes’ 2024 Global 2000 List
Ping An Insurance has secured the 29th spot on Forbes' 2024 Global 2000 list, marking a significant achievement for the...
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OPTIS: Insurance M&A Falls 10%
As of the end of September 2024, the total number of insurance agency mergers and acquisitions (M&A) has decreased by...
Marsh: US Rates Up 3%
In the third quarter of 2023, commercial insurance rates in the U.S. experienced an overall increase of 3%, with casualty...
Progressive Ends Fire Insurance
Progressive Insurance has announced that it will discontinue offering dwelling fire insurance, commonly known as "landlord insurance," for non-primary residences...
Zurich Insurance Sets New Goals
Zurich Insurance Group AG has announced ambitious new targets for profitability and growth over the next three years, driven by...
4th Circuit: No Crypto Coverage
A recent ruling by the Fourth Circuit Court of Appeals has clarified that homeowners insurance policies do not cover the...
Safeco Buys Main Street
Liberty Mutual’s Safeco Insurance has announced a significant agreement to acquire the personal lines business of Main Street America, marking...
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