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Insurance Business

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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News

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > saudi-arabias-forced-closure-of-major-pipeline-puts-marine-war-risk-back-in-the-spotlight-589538.aspx

Saudi Arabia’s forced closure of major pipeline puts marine war risk back in the spotlight

1+ day, 14+ hour ago   (251+ words) Saudi Arabia has shut down the pipeline that has kept its oil flowing since the Strait of Hormuz effectively closed earlier this year. For the marine and energy insurance markets, that's the story, not the oil price. To most readers,…...

Insurance Business
insurancebusinessmag.com > asia > news > life-insurance > south-korea-slashes-tongyang-life-data-penalty-after-regulatory-rethink-589363.aspx

South Korea slashes Tongyang Life data penalty after regulatory rethink

2+ day, 9+ hour ago   (663+ words) South Korea’s top financial regulator has reduced a proposed 140 billion won penalty against Tongyang Life Insurance to 7 billion won, following a legal reinterpretation of how the insurer shared customer data with its own sales arm. The decision sits within a…...

Insurance Business
insurancebusinessmag.com > us > news > catastrophe > who-really-benefits-from-nfips-2-6bn-annual-subsidy-589333.aspx

Who really benefits from NFIP's $2.6bn annual subsidy?

2+ day, 22+ hour ago   (722+ words) The reform is working as designed. Over half of NFIP policies now pay full-risk premiums, up from one-third in December 2022, according to the report. The 1.5 million policies still below full risk (42 percent of the program) carry a combined annual subsidy…...

Insurance Business
insurancebusinessmag.com > us > news > benefits > turnover-climbs-as-employers-plan-growth-on-constrained-workforces-589309.aspx

Turnover climbs as employers plan growth on constrained workforces

3+ day, 2+ hour ago   (296+ words) Nearly two-thirds of US employers reported annual turnover of 10 percent or higher in 2025, according to a new Gallagher workforce trends report. Most of those same organizations expect revenue to grow by 2027 without a proportionate increase in headcount. That gap shapes…...

Insurance Business
insurancebusinessmag.com > us > news > benefits > choice-arrangements-get-a-federal-push--and-a-compensation-question-589181.aspx

CHOICE Arrangements get a federal push - and a compensation question

3+ day, 21+ hour ago   (461+ words) Insurance Business CHOICE Arrangements get a federal push - and a compensation question ICHRAs got a new name and a government marketing campaign, but compensation structures remain unresolved The federal government has a new name for a benefits model that small…...

Insurance Business
insurancebusinessmag.com > ca > news > breaking-news > canadas-countertariffs-skip-autos-but-premium-pressure-remains-589097.aspx

Canada's counter-tariffs skip autos, but premium pressure remains

4+ day, 3+ hour ago   (328+ words) Canada's couter-tariffs on $27.6 billion of US goods took effect September 8, matching Washington's rates of 15%, 25% and 50% dollar-for-dollar across steel, aluminum, dairy, appliances, agricultural equipment, pulp and paper, as well as electronics. The measures respond to the US imposing its own 50% tariffs…...

Insurance Business
insurancebusinessmag.com > uk > news > marine > iumi-warns-of-hidden-cargo-insurance-costs-589085.aspx

IUMI warns of hidden cargo insurance costs

4+ day, 13+ min ago   (394+ words) The International Union of Marine Insurance (IUMI) has published new guidance highlighting an often-overlooked risk for marine cargo insurers - non-compliant wood packaging material, the pallets, crates and dunnage used to ship goods internationally, and the disruption that follows when regulators…...

Insurance Business
insurancebusinessmag.com > ca > news > breaking-news > the-us-is-losing-insurance-jobs--is-canada-589084.aspx

The US is losing insurance jobs. Is Canada?

4+ day, 12+ hour ago   (406+ words) Canada lost 42,000 jobs overall in August, a surprise given the run of solid hiring from April through July, according to the Labour Force Survey. Within that, the category StatCan calls "finance, insurance, real estate, rental and leasing" fell by 9,600 jobs…...

Insurance Business
insurancebusinessmag.com > asia > news > breaking-news > chinas-state-insurers-receive-firstever-government-recapitalisation-589042.aspx

China’s state insurers receive first-ever government recapitalisation

4+ day, 10+ hour ago   (397+ words) The announcement, made September 6, 2026, is part of a broader RMB 360 billion (US$53.6 billion) capital push spanning state-owned banks and insurers, according to Reuters. For brokers, the more important question is not the headline figure. It is where these groups are…...

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insurancebusinessmag.com > us > news > breaking-news > rokstone-agriculture-hits-125-million-as-livestock-demand-grows-589027.aspx

Rokstone Agriculture hits $125 million as livestock demand grows

4+ day, 16+ hour ago   (388+ words) Insurance Business Rokstone Agriculture hits $125 million as livestock demand grows Five years of growth across 47 states points to a specialist market that standard carriers still largely avoid Livestock and equine coverage is a small, specialist market where standard carriers rarely…...