Insurance products and industry updates
A New Jersey judge determined that a joint insurance fund does not qualify as an insurer and thus is not liable for a $4.75 million settlement.
Aon consolidates its U.S. specialty programs into the Totalis Specialty Group, eyeing growth through acquisitions and market expansion.
Property/casualty reinsurance premiums fell 6% in H1 2026, but improved combined ratios signal rising profitability, tempered by soft market conditions ahead.
Willis Towers Watson has filed a lawsuit against Lockton after 18 employees resigned en masse, taking valuable clients with them.
Comorbidities are extending disability durations and inflating medical expenses in workers' compensation, highlighting the need for improved patient-provider communication.
KPMG Australia announces a workforce reduction of nearly 400 jobs due to ongoing conduct issues and declining demand for consulting services.
More than 4 million vehicles from nine automakers, led by Tesla, are under recall in China due to emergency door handle issues.
Clear Group expands its presence in the London market with the acquisition of Newman Pearce and Partners, focusing on overseas specialty markets.
In 2025, Asia-Pacific reinsurers rebounded with a 4% increase in net insurance service revenue, driven by strong international business.
Major insurers report record profitability in 2025, even as premium growth continues its downward trend for the fourth consecutive year.
A bipartisan bill seeks to broaden radiation exposure compensation, raising payouts and extending eligibility for affected individuals through 2043.
Legislation in California proposes to recognize naturopathic doctors within the workers' compensation framework, expanding their practice scope significantly.
A New Mexico appeals court has limited a firefighter's widow's death benefits to 208 weeks, capping total benefits at 700 weeks under state law.
Ping An Insurance's net profit rose by 36% year-over-year to 92.6 billion yuan in the first half of 2026, reflecting a strong revenue performance.
Evergrande founder sentenced to life, firms fined $2.4B Aug 21, 2026 China Evergrande Group founder Hui Ka Yan has been sentenced to life in prison, while his companies were fined a combined 15.8 bill...
IAG New Zealand's insurance profit dropped by 23% to AUD 467 million, with an 8% decline in gross written premiums attributed to market conditions.
Bermuda reinsurers improved their financial outlook in the first half of 2026, driven by reduced catastrophe losses, despite a decline in net premiums.
The EU's goal of achieving 90% gas storage before winter is hindered as LNG exports shift to Asia due to supply issues from the Iran conflict.
The 2026 U.S. Insurance Awards highlighted innovations in risk management, recognizing leaders and initiatives that enhance industry practices and education.
Danielle Lisenbey has received the 2026 Business Insurance Lifetime Achievement Award for her impactful leadership and advocacy for women in the industry.