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Insurance mergers and acquisitions (M&A) hit a historic low in the first half of 2025. Factors like geopolitical tensions, economic instability, and uncertainty about U.S. policies under President Donald Trump have made it tough for companies to make deals. Only 95 insurance M&A deals were completed from January to June 2025. That’s a drop from … Read more

In a recent discussion about the evolving landscape of property insurance, Ashleigh Cashman, president of ICAT, emphasized the importance of a strong company culture that prioritizes transparency, collaboration, and continuous improvement. This approach is crucial in ensuring that the company can effectively respond to challenges in underwriting, loss control, and claims management. Cashman highlighted four … Read more

Giant insurer QBE Insurance Group reported a strong financial performance for the first half of 2025, with a net profit increase of 27%. The company announced that its net profit reached $1.02 billion, driven by net insurance revenue exceeding $8.81 billion and gross written premiums rising by 6% to $13.8 billion. Andrew Horton, the CEO … Read more

A federal appeals court has decided to keep President Donald Trump’s tariffs in place while it reviews a lower court’s ruling that questioned their legality. The U.S. Court of Appeals for the Federal Circuit, based in Washington, D.C., announced on Tuesday that it would allow Trump’s “Liberation Day” tariffs to continue affecting imports from various … Read more

Uber Technologies Inc. has filed a lawsuit against a group of lawyers, medical providers, and rideshare drivers in Florida, claiming they staged car accidents and faked injuries to exploit insurance policies. The lawsuit, filed in a federal court in South Florida, alleges that this scheme cost Uber "several million dollars" in legal fees. According to … Read more

Verisk has announced key leadership changes within its Property Claims Services (PCS) division, based in Jersey City, New Jersey. Harry White has been promoted to head of commercial strategy, while Ted Gregory takes on the role of head of research and operations. Harry White brings over 14 years of experience with Verisk to his new … Read more

Brokers in the cyber insurance industry are being urged to shift their focus from simply transferring risk to building true cyber resilience for their clients. Margaux Weinraub, the cyber practice leader at Graham Company, emphasized that organizations often see cyber insurance as just a safety net rather than a proactive tool for preparedness. Weinraub pointed … Read more

Organizations worldwide are being urged to implement strict guidelines for the use of artificial intelligence (AI) in the workplace. This comes in response to the increasing threat of "shadow AI," where employees use AI tools without the approval of their IT departments. Shadow AI poses a significant risk, as it involves the use of generative … Read more

Mercury Insurance is stepping in to provide coverage for thousands of customers who are currently with Safeco Insurance in California. This change comes as Liberty Mutual, which owns Safeco, is shifting its strategy for personal insurance lines in the state. Liberty Mutual has decided to phase out certain renters, condo, and auto policies in California. … Read more

Burns & Wilcox, a leading name in wholesale insurance brokerage based in Farmington Hills, Michigan, has announced the promotion of Bill Gatewood to the position of executive vice president of personal insurance. This change will take effect on July 1. With a career in insurance that spans three decades, Gatewood brings extensive experience to his … Read more