A controversial proposal to significantly raise taxes on third-party litigation funding was ultimately excluded from the sweeping tax legislation signed […]
Insurance & AI: The Race Just to Begin Has Already Started
In the insurance world, adopting artificial intelligence isn’t a sprint to the finish—it’s a scramble just to get to the […]
Insurance Industry Shake-Up: Howden Enters Japan, Ageas Acquires Saga Underwriter, BMS Expands in Australia, Aviva Finalizes Direct Line Deal
Howden Japan Takes Majority Ownership in Kyoto-Based Holos Global insurance intermediary Howden Group has expanded its footprint in Japan by […]
APCIA Raises Concerns Over Proposed Michigan Auto Insurance Legislation, Warning of Market Instability and Rising Costs
A recently introduced legislative proposal in Michigan has drawn significant attention and criticism from the American Property Casualty Insurance Association […]
The Key to Travelers’ Success: Long-Term Strategy and Scalable Growth, Says CEO Alan Schnitzer
When an executive from S&P Global Ratings asked Alan Schnitzer, the CEO of Travelers, how challenges like tariff instability, inflation, […]
Move to Close Tax Loophole for Litigation Funding Included in Federal Budget Bill
Amid amendments proposed by U.S. Senate Republicans to President Donald Trump’s tax legislation, new provisions aim to close a tax […]
Connecticut Aims to Reduce Auto Insurance Arbitration Claims by Passing Costs to Insurers
Connecticut legislators have approved a bill that would transfer the financial burden of auto insurance arbitration hearings — which resolve […]
Brown & Brown to Acquire Parent Company of Risk Strategies and One80 in $9.8B Deal
Brown & Brown Inc. has announced plans to acquire Accession Risk Management Group, the parent firm of specialty brokerage Risk […]
Connecticut Lawmakers Close Expensive Workers’ Compensation Loophole Created by Court Decision
Last week, Connecticut legislators acted quickly to close a potentially costly loophole in workers’ compensation benefits that was opened by […]
Drivers Keep Shopping for Better Auto Insurance Rates Despite Stabilization in Prices
Although auto insurance rates in the U.S. have begun to stabilize, drivers are continuing to shop around at record levels, […]
SMBC Aviation Capital Secures $1.41 Billion in Insurance Settlements for Russian Jet Losses
Dublin, Ireland — SMBC Aviation Capital, the world’s third-largest aircraft leasing company, has announced a substantial increase in recoveries related […]
INSURANCE: DEFINITION, HOW IT WORKS, AND MAIN TYPES OF POLICIES
What Is Insurance? Insurance is a contract, represented by a policy, in which a policyholder receives financial protection or reimbursement […]