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News

Insurance Business
insurancebusinessmag.com > ca > news > property-insurance > why-rebuild-cost-reviews-are-also-an-eando-issue-for-brokers-589561.aspx

Why rebuild cost reviews are also an E&O issue for brokers

9+ hour, 36+ min ago   (481+ words) The brokerage argues this exposes homeowners to co-insurance clause penalties that can reduce claim payouts even on partial losses, and points to rising construction costs as the underlying driver. "We're seeing this constantly in client feedback right now: people who…...

Insurance Business
insurancebusinessmag.com > ca > news > breaking-news > sun-lifes-5-billion-infrastructure-pledge-hinges-on-a-rule-change-589560.aspx

Sun Life's $5 billion infrastructure pledge hinges on a rule change

9+ hour, 39+ min ago   (400+ words) Sun Life Financial has launched a Commitment to Canadian Infrastructure Initiative, aiming to deploy $5 billion over five years into projects supporting digital technology, energy, and transportation and logistics infrastructure. "A stronger, more competitive Canada benefits everyone," said Kevin Strain, Sun…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > insurance-moves-ameritas-and-anv-589557.aspx

Insurance moves: Ameritas and ANV

9+ hour, 51+ min ago   (528+ words) Two insurance organizations announced leadership changes this week. Below is a roundup of the moves, with a look at what each means for brokers and producers. Ameritas has promoted Shannon Berry (pictured, left) to senior vice president of sales and…...

Insurance Business
insurancebusinessmag.com > uk > news > auto-motor > nats-chaos-leaves-travel-insurance-gaps-exposed-589554.aspx

NATS chaos leaves travel insurance gaps exposed

5+ hour, 11+ min ago   (419+ words) More than 330,000 passengers were affected by the National Air Traffic Services failure that disrupted UK aviation on September 8 and 9, according to trade body Airlines UK, which put the breakdown at over 155,000 passengers facing cancelled flights and around 180,000 experiencing delays. That…...

Insurance Business
insurancebusinessmag.com > us > news > technology > why-one-it-consultancy-thinks-ai-insurance-stays-a-niche-through-2028-589556.aspx

Why one IT consultancy thinks AI insurance stays a niche through 2028

10+ hour, 6+ min ago   (280+ words) ScienceSoft, a McKinney, Texas-based IT consulting and software development firm, has published research projecting that by 2028, 60% to 80% of new policies and renewals in errors and omissions, directors and officers, employment practices liability, and cyber insurance will factor AI risk into…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > connecticut-cuts-2027-health-rate-hikes-increases-still-in-double-digits-589555.aspx

Connecticut cuts 2027 health rate hikes, increases still in double digits

10+ hour, 15+ min ago   (448+ words) The Connecticut Insurance Department has finalized 2027 rate decisions for fully insured individual and small group health plans, approving an average 11.3% increase in the individual market and 15.1% in the small group market. Both figures came in below what insurers originally requested,…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > howden-hires-aon-veteran-for-south-wales-commercial-team-589553.aspx

Howden hires Aon veteran for South Wales commercial team

5+ hour, 20+ min ago   (199+ words) Howden's South Wales commercial division has appointed Mathew Price (pictured) as an account executive, continuing the broker's investment in its regional team. Price joins from Aon, where he spent six years working with a diverse book of clients. In his…...

Insurance Business
insurancebusinessmag.com > uk > news > cyber > cyberattacks-on-uk-property-firms-rise-17-as-hackers-target-client-data-589551.aspx

Cyberattacks on UK property firms rise 17% as hackers target client data

5+ hour, 26+ min ago   (266+ words) Cyberattacks against UK property services businesses rose 17% in the year to 31 December 2025, climbing to 208 incidents from 178 the previous year, according to figures sourced from the Information Commissioner's Office and cited by Karis Insurance, a real estate finance and insurance specialist....

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > zurich-uk-names-anita-gabat-as-head-of-commercial-insurance-589550.aspx

Zurich UK names Anita Gabat as head of commercial insurance

5+ hour, 36+ min ago   (314+ words) Zurich has appointed Anita Gabat (pictured) as head of commercial insurance in the UK, subject to regulatory approval. Gabat currently serves as head of property in Zurich's UK commercial business and will take on responsibility for the full commercial insurance…...

Insurance Business
insurancebusinessmag.com > asia > news > breaking-news > why-bermudas-newest-lloyds-entrants-keep-renting-someone-elses-managing-agency-589462.aspx

Why Bermuda's newest Lloyd's entrants keep renting someone else's managing agency

2+ day, 16+ hour ago   (573+ words) If you've followed Lloyd's start-up news over the past couple of years, you'll have noticed a pattern. A Bermuda-based re/insurance group announces it's heading to London. It picks up in-principle... Why Bermuda's newest Lloyd's entrants keep renting someone else's…...