Terrorism cover enters a new era marked by indistinct threats

The rising conflict between the US and Iran is pushing up terrorism risks, making it harder to tell the difference between acts of terror and civil unrest. A new report from Marsh reveals that attacks are no longer just about damaging property. Instead, they involve more varied and unpredictable threats like political violence, cyberattacks, and … Read more

EY warns that the surge in Physical AI will cause greater disruption for insurers than generative AI.

Physical artificial intelligence, which includes technologies like self-driving cars and humanoid robots, is set to change the insurance world in big ways. Chris Raimondo, the insurance consulting leader for the Americas at EY, says this shift might have a bigger impact on insurance than the digital AI tools many companies use today. Spending on AI … Read more

The Evolution of the Specialty Program Market

Anthony Slimowicz, the Chief Operating Officer of MGA and Specialty Risk at Amynta Group, recently shared his thoughts on how the specialty program market is changing. In a conversation with Insurance Business, Slimowicz talked about the main forces driving growth in this area and the skills companies need to succeed. Specialty programs have been growing … Read more

Meta and Google hit by major new court case, while carriers have already secured court protection

A Los Angeles jury recently delivered a major ruling against Meta and Google’s YouTube, finding both companies negligent for the mental health harm caused to a young user. The case, brought by a 20-year-old woman known only as K.G.M., focused on Instagram and YouTube’s design features—like algorithm suggestions, endless scrolling, and autoplay—which the jury said … Read more

Professional lines demand comprehensive advisory expertise due to rapidly changing markets.

Professional liability insurance is shifting as the commercial insurance market faces new challenges with pricing, risks, and regulations. Mitchell Brown, a leader in commercial insurance and risk management at Rate Insurance, says brokers and clients need to rethink their approach. Instead of just focusing on securing policies, they should offer real advice and build better … Read more

Crawford names W. Bruce Swain as CEO.

Crawford & Company has made W. Bruce Swain Jr. its permanent president and CEO, ending his interim role that started at the beginning of this year. The Atlanta-based claims management company’s board of directors approved the appointment immediately. Swain has been part of Crawford for over 30 years, including 19 years as its chief financial … Read more