Insurance products and industry updates
JPMorgan forecasts a stagnant European reinsurance market, predicting price softness continues into 2027 unless major catastrophic events occur.
A Wisconsin appeals court ruled that workers' compensation covers claims from a deadly plant explosion, blocking civil tort claims against Nationwide Mutual.
Woodland Pulp is under scrutiny after OSHA proposed fines for safety violations linked to worker deaths and hazardous chemical exposure events.
St. Mary’s, Newfoundland and Labrador, begins a $1.21 million cleanup of abandoned fish sauce tanks that have plagued residents for over 20 years.
A Tennessee workers' compensation panel ruled that a Texas insurer must remain involved in a roofing accident claim, citing coverage disputes as key factors.
Willis Towers Watson faced a significant 30% drop in net income for Q2, even as organic revenue increased by 5%.
Munich Re reports a 50% decline in global insured natural catastrophe losses in H1 2026, driven largely by severe U.S. thunderstorms.
Everest Group's net income dropped 17% year-on-year to $559 million in Q2, with gross written premiums falling 7% to $3.7 billion.
PartnerRe Ltd. achieved a net income of $447 million for the first half of the year, despite a year-over-year decline in profit.
Insurers are increasingly excluding generative AI-related risks from policies, following the introduction of standardized endorsement templates by Verisk Analytics.
The Joint War Committee has broadened the high-risk zone in the Red Sea due to increased maritime attacks, impacting shipping operations in the area.
The 8th Circuit Court has revived Cannon Falls Area Schools' hail damage lawsuit against Hanover Insurance, challenging previous interpretations of damage exclusions.
W.R. Berkley announces key leadership shifts in its reinsurance division, promoting Daniel Westcott and Robert Coyne within the organization.
Brown & Brown's organic revenue slipped 0.7% as declining property insurance rates and segment variations impacted overall performance.
Recent wildfires in Spain and France are unlikely to impact insurer earnings significantly, except in high-value urban areas.
Willis Towers Watson highlights the trend of data center firms over-insuring due to unquantified risks, urging better assessment procedures.
Japan’s major non-life insurers reported a 20% profit increase due to a decline in natural disasters, reflecting a positive market condition.
Hackers issue ‘final warning’ to Ernst and Young Jul 28, 2026 After breaching London-based Ernst and Young Global Ltd.’s network, the hacking group ShinyHunters has issued a “final warning,” threateni...
Predictions of a strong El Niño are driving significant crop insurance demand in Brazil, prompting insurers to reassess coverage strategies.
Munich Re achieved a net profit of €2.2 billion in Q2, buoyed by minimal catastrophe losses and strong investment results, indicating a favorable market outlook.