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News
Why rebuild cost reviews are also an E&O issue for brokers
10+ hour, 1+ min ago (481+ words) The brokerage argues this exposes homeowners to co-insurance clause penalties that can reduce claim payouts even on partial losses, and points to rising construction costs as the underlying driver. "We're seeing this constantly in client feedback right now: people who…...
Insurance moves: Ameritas and ANV
10+ hour, 16+ min ago (528+ words) Two insurance organizations announced leadership changes this week. Below is a roundup of the moves, with a look at what each means for brokers and producers. Ameritas has promoted Shannon Berry (pictured, left) to senior vice president of sales and…...
Why one IT consultancy thinks AI insurance stays a niche through 2028
10+ hour, 31+ min ago (280+ words) ScienceSoft, a McKinney, Texas-based IT consulting and software development firm, has published research projecting that by 2028, 60% to 80% of new policies and renewals in errors and omissions, directors and officers, employment practices liability, and cyber insurance will factor AI risk into…...
Connecticut cuts 2027 health rate hikes, increases still in double digits
10+ hour, 40+ min ago (448+ words) The Connecticut Insurance Department has finalized 2027 rate decisions for fully insured individual and small group health plans, approving an average 11.3% increase in the individual market and 15.1% in the small group market. Both figures came in below what insurers originally requested,…...
Zurich UK names Anita Gabat as head of commercial insurance
6+ hour, 2+ min ago (314+ words) Zurich has appointed Anita Gabat (pictured) as head of commercial insurance in the UK, subject to regulatory approval. Gabat currently serves as head of property in Zurich's UK commercial business and will take on responsibility for the full commercial insurance…...
Why Bermuda's newest Lloyd's entrants keep renting someone else's managing agency
2+ day, 17+ hour ago (573+ words) If you've followed Lloyd's start-up news over the past couple of years, you'll have noticed a pattern. A Bermuda-based re/insurance group announces it's heading to London. It picks up in-principle... Why Bermuda's newest Lloyd's entrants keep renting someone else's…...
What happens when a home insurance policy contradicts itself over a new boat
3+ day, 56+ min ago (583+ words) A recent Ontario court decision is a reminder that boat owners cannot simply assume their homeowner's or cottage insurance automatically extends to a new watercraft, according to Adam Wagman (pictured), partner at Howie, Sacks & Henry LLP, who represented the family…...
Insurance moves: Carbon Underwriting, Liberty Mutual, Mosaic and 5Star Life
3+ day, 9+ hour ago (482+ words) Carbon Underwriting has named Phil Wooldridge (pictured, left) head of US casualty and deputy active underwriter, effective September 28. Wooldridge joins from Gallagher Re, where he was head of reinsurance for program solutions, with prior roles as head of London US…...
Saudi Arabia’s forced closure of major pipeline puts marine war risk back in the spotlight
2+ day, 18+ hour ago (251+ words) Saudi Arabia has shut down the pipeline that has kept its oil flowing since the Strait of Hormuz effectively closed earlier this year. For the marine and energy insurance markets, that's the story, not the oil price. To most readers,…...
OSFI finalizes new IFRS 18 templates for insurers
3+ day, 8+ hour ago (355+ words) The Office of the Superintendent of Financial Institutions published its third Quarterly Release of 2026 on September 10, advancing policy work across capital, disclosure, concentration risk, crypto-asset exposures, interest rate risk and insurance reporting. Most of the updates are final versions of…...