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Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh
Global commercial insurance rates declined by 4% in the fourth quarter of 2025, marking the sixth consecutive quarter of rate decreases, after seven years of increases, according to the Global Insurance Market Index published by Marsh Risk, a business of …
POSTED FEBRUARY 04, 2026 3:17 PM |
Markets/Coverages: Great American Enters Travel Insurance Market With Faye
Great American Insurance Group has selected AI travel insurance platform Faye to enter the travel insurance marketplace. This marks Great American’s first expansion into travel insurance. The companies said that with limited modernization and customer frustration surrounding claims experiences, the …
POSTED FEBRUARY 04, 2026 2:43 PM |
Appeals Court Overturns Former UCLA Gynecologist’s Sex Abuse Conviction
A California appeals court on Monday overturned a sex abuse conviction against a former University of California, Los Angeles, gynecologist and ordered the case to be retried. A three-justice panel from California’s 2nd District Court of Appeal ruled Dr. James …
POSTED FEBRUARY 04, 2026 2:26 PM |
Massachusetts Approves Liberty Mutual Reorganization Involving 3 Domestic Mutuals
Liberty Mutual has received approval to convert three domestic mutual insurance affiliates into stock companies and then merge them into a new wholly-owned subsidiary of Liberty Mutual Holding Company (LMHC). The Massachusetts Division of Insurance has approved the reorganizations of …
POSTED FEBRUARY 04, 2026 2:23 PM |
Recreational Weed and Other Citizen Initiatives Fail to Qualify for Ballot in Florida
A proposed amendment to Florida’s constitution that would allow recreational marijuana use for adults is one of 22 citizen initiatives that failed to qualify for the 2026 ballot, state officials said. The Florida Department of State announced Sunday that none …
POSTED FEBRUARY 04, 2026 2:16 PM |
The Hanover Reports 18% Growth in Q4 Net Income
Fourth-quarter 2025 net income at The Hanover Insurance Group was $198.5 million, up about 18% over $167.9 million recorded for the same period in 2024. The Worcester, Massachusetts-based insurer’s Q4 combined ratio remained relatively flat at 89.0 versus 89.2 the …
POSTED FEBRUARY 04, 2026 1:19 PM |
Move to Ban Social Media for Kids Gains Traction Across Europe
European countries are taking their broadest swipe yet at social media, with a growing number weighing bans of the services for minors and setting the stage for a new showdown with some of the biggest US companies. The policy was …
POSTED FEBRUARY 04, 2026 11:14 AM |
Congo Fighting Drove Spike in Insurance Costs, Squeezing Miners, Insurer Says
Political violence insurance premiums in Democratic Republic of Congo jumped as much as tenfold last year due to unrest in the east, boosting insurers but lifting costs for copper-cobalt miners, insurance executives told Reuters. Rwandan-backed AFC/M23 rebels overran eastern Congo’s …
POSTED FEBRUARY 04, 2026 10:52 AM |
China to Ban ‘Hidden’ Car Door Handles to Address Safety Fears
China will ban ‘hidden’ car door handles from 2027, becoming the first country to phase out a design pioneered by Tesla and adopted by Chinese competitors including Xiaomi. The hidden handle design, which functions through a key fob or mobile …
POSTED FEBRUARY 04, 2026 10:09 AM |
Beazley Agrees to Zurich’s Sweetened £8 Billion Takeover Bid
Zurich Insurance Group AG has made a sweetened £8 billion ($11 billion) bid to buy Beazley Plc, an offer that’s won the tentative approval of the UK insurer’s board. The Swiss insurance giant’s revised cash proposal of 1,310 pence a …
POSTED FEBRUARY 04, 2026 9:37 AM |
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