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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

8+ hour, 59+ 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 > us > news > breaking-news > insurance-moves-ameritas-and-anv-589557.aspx

Insurance moves: Ameritas and ANV

9+ hour, 14+ 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 > 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

9+ hour, 29+ 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 > uk > news > breaking-news > howden-hires-aon-veteran-for-south-wales-commercial-team-589553.aspx

Howden hires Aon veteran for South Wales commercial team

4+ hour, 43+ 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 > 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 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…...

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

3+ day, 8+ 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 > ca > news > breaking-news > osfi-finalizes-new-ifrs-18-templates-for-insurers-589415.aspx

OSFI finalizes new IFRS 18 templates for insurers

3+ day, 7+ 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 > asia > news > technology > hong-kong-insurers-take-ai-closer-to-the-point-of-sale-589343.aspx

Hong Kong insurers take AI closer to the point of sale

3+ day, 15+ hour ago   (567+ words) Prudential Hong Kong is not the only major insurer in the city putting AI tools into the hands of agents and consultants. But its September 9, 2026, deployment – a chatbot that returns preliminary underwriting indications at the point of sale, before any…...

Insurance Business
insurancebusinessmag.com > us > news > benefits > elevance-holds-loss-ratio-guidance-above-90-as-fall-renewals-near-589338.aspx

Elevance holds loss ratio guidance above 90% as fall renewals near

4+ day, 48+ min ago   (405+ words) Insurance Business Elevance holds loss ratio guidance above 90% as fall renewals near The carrier's benefit expense ratio reaffirmation signals claims are tracking at the high end of expectations Elevance Health has told investors it is holding its full-year 2026 benefit expense…...