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News
Large commercial accounts see first price drop since 2017, WTW finds
4+ day, 4+ 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…...
P&C industry's best half in years hides a casualty problem
6+ day, 5+ 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…...
SGI's own office floods as insurer pushes through contested rate hike
3+ week, 13+ 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…...
Commercial insurance can't wait until renewal anymore
3+ week, 5+ day ago (517+ words) "The pace of change has been remarkable," McGirr said. "It is fundamentally changing the conversations that we're having with clients." Businesses are adopting technologies such as telematics and artificial intelligence, adapting to new regulation and expanding into new markets while…...