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News
Large commercial accounts see first price drop since 2017, WTW finds
3+ day, 22+ 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…...
Ivans Index flashes ever-faster slowdown in US commercial insurance
4+ day, 17+ hour ago (122+ words) Intelligent Insurer - Ivans Index flashes ever-faster slowdown in US commercial insurance US commercial insurance price growth came down in August at a pace not seen since January, with all five of the major lines still enjoying growth declining at roughly…...
P&C industry's best half in years hides a casualty problem
5+ day, 23+ hour ago (267+ words) The US property and casualty industry nearly tripled its net underwriting income in the first half of 2026. The result reflects a market where property and casualty lines are moving in sharply different directions. Net underwriting income reached $31.2 billion in the…...
Insurers must brace for US$171 billion in annual cat losses, study finds
1+ week, 5+ day ago (762+ words) The global insurance industry did not get a quiet year in 2025. It got a year without a US landfalling hurricane that still produced more than US$100 billion in insured losses, for the sixth consecutive year. The average annual loss (AAL)…...
Rebuild costs outpace inflation, exposing sum insured gaps
1+ week, 6+ day ago (465+ words) The analysis, published as part of the ICA's annual Insurance Catastrophe Resilience Report, draws on Cotality's Cordell Construction Cost Index (CCCI). It shows building costs rose around 30% in the five years to March 2026, against consumer price index growth of about 24% over…...
Santam keeps underwriting on target despite R1.5bn claims
1+ week, 6+ day ago (466+ words) Santam kept the underwriting margin in its conventional insurance business above the midpoint of its 5% to 10% target range in the first half of 2026, despite weather-related catastrophe losses and other large claims increasing from R144 million to R1.5 billion. Significant losses were incurred…...
Parametric insurance just paid out for a coral reef for the first time in the US
2+ week, 5+ day ago (202+ words) Hurricane Lala triggered a $200,000 payment on a policy built to protect a natural asset rather than a building. For an industry still selling the promise of parametric coverage, it's a rare real-world proof point. When Hurricane Lala hit the Big…...
SGI's own office floods as insurer pushes through contested rate hike
3+ week, 7+ hour ago (270+ words) Saskatchewan Government Insurance shut down its Regina head office on Friday after a burst fire suppression hose flooded the elevator shaft in the early morning hours, causing water damage across multiple floors. SGI said the hose failed on the 11th floor…...
Five heatwaves, flash floods, and a 3.9% rise in rebuild costs - the case for reviewing sums insured
3+ week, 3+ day ago (472+ words) Insurance Business Five heatwaves, flash floods, and a 3.9% rise in rebuild costs - the case for reviewing sums insured Seven in 10 flood claims are now surface water events. Rebuild costs rose 3.9% to July 2026. A sum insured set two years ago may…...
RockRose Risk Raises $12.5 Million Series A To Build Vertically Integrated Wildfire Insurance And Mitigation Platform
3+ week, 4+ day ago (395+ words) RockRose Risk has raised $12.5 million in Series A financing to expand its wildfire-focused insurance platform and evolve from a technology-enabled brokerage into a vertically integrated risk management business. The round was co-led by Crosslink Capital and Congruent Ventures, with participation…...