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Insurance Business

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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News

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > large-commercial-accounts-see-first-price-drop-since-2017-wtw-finds-589348.aspx

Large commercial accounts see first price drop since 2017, WTW finds

3+ day, 5+ hour ago   (355+ words) Large commercial accounts posted their first price decrease since the end of 2017 in the second quarter of 2026, according to WTW's Commercial Lines Insurance Pricing Survey (CLIPS), as an eight-year run of sustained rate increases continued to unwind across the commercial…...

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insurancebusinessmag.com > us > news > breaking-news > underwriters-say-ai-is-saving-time-not-improving-decisions-589344.aspx

Underwriters say AI is saving time, not improving decisions

3+ day, 2+ hour ago   (455+ words) Most senior commercial underwriters say AI has saved them time on admin. Far fewer say it has improved the quality of their decisions. That gap shapes how submissions get handled, how risks get priced, and how consistent underwriting decisions are…...

Insurance Business
insurancebusinessmag.com > ca > news > technology > consumers-already-trust-ai-with-insurance-decisions-and-that-breaks-the-usual-pattern-589194.aspx

Consumers already trust AI with insurance decisions, and that breaks the usual pattern

3+ day, 6+ hour ago   (431+ words) Every previous wave of digital change in insurance has run into the same obstacle: trust. Consumers hesitated to move to digital channels, and they hesitated to share data in exchange for better pricing, largely because they didn't trust the systems…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > insurance-moves-corgi-panamerican-third-wave-relm-axa-xl-burns-and-wilcox-mj-more-589265.aspx

Insurance moves: Corgi, Pan-American, Third Wave, Relm, AXA XL, Burns & Wilcox, MJ, More

3+ day, 14+ hour ago   (958+ words) Corgi has named Erin Gambrel (pictured, center) vice president of financial services, tasked with driving retail investor growth and brand reach for the company's ETF lineup. Gambrel joins from Investing Authority, where she oversaw retail trading campaigns reaching more than…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > rising-liability-estimates-are-reshaping-aviation-insurance-renewals-589321.aspx

Rising liability estimates are reshaping aviation insurance renewals

3+ day, 5+ hour ago   (675+ words) Aviation insurers are recalculating how much a single passenger death could cost them, with higher liability assumptions feeding through into capacity and pricing at airline renewals. According to Nigel Weyman (pictured), global executive - aerospace at Gallagher in London, the shift…...

Insurance Business
insurancebusinessmag.com > nz > news > breaking-news > claims-technology-community-access-drive-insurer-wins-at-fsc-awards-589178.aspx

Claims technology, community access drive insurer wins at FSC awards

3+ day, 20+ hour ago   (474+ words) The Financial Services Council (FSC) has named the winners of its 2026 industry awards, with insurers taking five of the eight categories. The results, read together, point to three areas drawing concentrated attention across the sector: claims infrastructure, health access for…...

Insurance Business
insurancebusinessmag.com > uk > news > marine > iumi-warns-of-hidden-cargo-insurance-costs-589085.aspx

IUMI warns of hidden cargo insurance costs

4+ day, 10+ hour ago   (394+ words) The International Union of Marine Insurance (IUMI) has published new guidance highlighting an often-overlooked risk for marine cargo insurers - non-compliant wood packaging material, the pallets, crates and dunnage used to ship goods internationally, and the disruption that follows when regulators…...

Insurance Business
insurancebusinessmag.com > ca > news > claims > clients-rarely-see-the-full-expert-report-insurers-use-to-decide-coverage-aon-claims-director-says-588778.aspx

Clients rarely see the full expert report insurers use to decide coverage, Aon claims director says

5+ day, 6+ hour ago   (449+ words) A related and thornier issue, Rosenbaum said, is what happens once an expert's report is actually finished. Insurers rely on those reports to determine a coverage position, but clients are typically shown only the portions the insurer chooses to share,…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > hdi-global-secures-lloyds-approval-for-new-syndicate-588932.aspx

HDI Global secures Lloyd's approval for new syndicate

5+ day, 11+ hour ago   (502+ words) HDI Global UK & Ireland has received approval in principle from Lloyd's to establish a new syndicate, a milestone in the implementation of the firm's Xcelerate29 growth strategy. The syndicate will be launched and managed in partnership with PoloWorks, which will provide…...

Insurance Business
insurancebusinessmag.com > au > news > life-insurance > australian-health-insurers-face-credit-risk-as-cost-gap-becomes-structural-588865.aspx

Australian health insurers face credit risk as cost gap becomes structural

6+ day, 3+ hour ago   (155+ words) Read next: Private health insurance reform triggers a cover conversation brokers are missing S&P outlines four strategies it expects to differentiate insurers that successfully manage margin pressure from those that do not. S&P notes insurers are developing modular,…...