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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 > 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

1+ day, 12+ 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…...

Insurance Business
insurancebusinessmag.com > ca > news > marine > what-happens-when-a-home-insurance-policy-contradicts-itself-over-a-new-boat-589383.aspx

What happens when a home insurance policy contradicts itself over a new boat

1+ day, 20+ hour ago   (583+ words) A recent Ontario court decision is a reminder that boat owners cannot simply assume their homeowner's or cottage insurance automatically extends to a new watercraft, according to Adam Wagman (pictured), partner at Howie, Sacks & Henry LLP, who represented the family…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > insurance-moves-carbon-underwriting-liberty-mutual-mosaic-and-5star-life-589406.aspx

Insurance moves: Carbon Underwriting, Liberty Mutual, Mosaic and 5Star Life

2+ day, 4+ hour ago   (482+ words) Carbon Underwriting has named Phil Wooldridge (pictured, left) head of US casualty and deputy active underwriter, effective September 28. Wooldridge joins from Gallagher Re, where he was head of reinsurance for program solutions, with prior roles as head of London US…...

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 > ca > news > breaking-news > osfi-finalizes-new-ifrs-18-templates-for-insurers-589415.aspx

OSFI finalizes new IFRS 18 templates for insurers

2+ day, 3+ hour ago   (355+ words) The Office of the Superintendent of Financial Institutions published its third Quarterly Release of 2026 on September 10, advancing policy work across capital, disclosure, concentration risk, crypto-asset exposures, interest rate risk and insurance reporting. Most of the updates are final versions of…...

Insurance Business
insurancebusinessmag.com > ca > news > catastrophe > ontario-storms-cause-360-million-in-damage-as-st--catharines-declares-emergency-589414.aspx

Ontario storms cause $360 million in damage as St. Catharines declares emergency

2+ day, 4+ hour ago   (481+ words) Severe storms that hit parts of Ontario on July 27 to 28 and August 1 to 3 caused an estimated $360 million in insured damage, according to initial figures from CatIQ. The storms brought intense rainfall and flash flooding to the Niagara Region, including St....

Insurance Business
insurancebusinessmag.com > us > news > benefits > preventive-care-benefits-can-cut-highcost-claimants-in-half-exec-says-587722.aspx

Preventive care benefits can cut high-cost claimants in half, exec says

2+ day, 19+ hour ago   (924+ words) Rising employer healthcare costs are sharpening the business case for preventive care and the numbers are stark. "We've looked at our own populations through claims analyses, and we see when you keep people healthy, you can avoid them progressing into…...

Insurance Business
insurancebusinessmag.com > au > news > claims > insurer-claim-delays-top-complaints-again-as-brokers-report-no-change-589274.aspx

Insurer claim delays top complaints again as brokers report no change

2+ day, 10+ hour ago   (475+ words) Delay in claim handling was the most complained-about issue across every financial product handled by the Australian Financial Complaints Authority (AFCA) in 2025-26. The ombudsman recorded 119,949 complaints, the highest annual volume and the third consecutive year above 100,000. General insurance accounted for…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > a-top-assuredpartners-dealmaker-just-took-the-wheel-of-a-rival-pebacked-broker-589355.aspx

A top AssuredPartners dealmaker just took the wheel of a rival, PE-backed broker

2+ day, 18+ hour ago   (307+ words) Two personnel moves embedded in this week's industry roundup point to the same underlying story, and it is a bigger one than a leadership note usually gets. Third Wave Insurance has named Paul Vredenburg chief executive, moving founder Brian Bair…...

Insurance Business
insurancebusinessmag.com > us > news > technology > underwriters-say-ai-is-saving-time-not-improving-decisions-589344.aspx

Underwriters say AI is saving time, not improving decisions

2+ day, 19+ hour ago   (455+ words) Most senior commercial underwriters say AI has saved them time on admin. Far fewer say it has improved the quality of their decisions. That gap shapes how submissions get handled, how risks get priced, and how consistent underwriting decisions are…...