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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

A federal judge on Tuesday rejected Elon Musk’s bid to dismiss a U.S. Securities and Exchange Commission lawsuit that claimed he waited too long to disclose his purchases of Twitter shares in 2022. U.S. District Judge Sparkle Sooknanan in Washington, …

Hub International Limited (HUB), headquartered in Chicago, Illinois, named Andrea Baldrica as chief sales officer of U.S. Employee Benefits. Baldrica will be responsible for driving HUB’s national employee benefits sales strategy and comprehensive growth across its employee benefits services. Baldrica …

The American Property Casualty Insurance Association testified on Capitol Hill Jan. 3 in support of the Fix Our Forests Act. The legislation, led by Reps. Bruce Westerman, R-Ariz., and Scott Peters, D-Calif., was passed by the House following the January …

It’s probably too late for 2026 legislative session, but by this time next year, a newly formed Florida group hopes it will be well on its way toward a new set of laws that will help Florida become a powerhouse …

New Jersey Governor Mikie Sherrill said she will be nominate Susan Ochs, a financial services and economic policy expert, as Commissioner of the Department of Banking and Insurance (DOBI). Ochs served as a senior advisor to the head of the …

Insurer Chubb booked fourth quarter net income 24.7% higher than a year ago at about $3.2 billion. Results included record P/C underwriting income of $2.2 billion, up nearly 40% over the same period in 2024. The P/C combined ratio was …

This edition of International People Moves details appointments at Marsh, Tokio Marine Kiln (TMK), and Everest Group. A summary of these new hires follows here. Marsh Names Quest as UK CEO, Succeeding Lay Insurance broker Marsh announced the appointment of …

Plaintiffs claiming punitive damages in lawsuits must meet a high bar, a Florida appeals court found in overturning a trial court’s decision in a fatal accident involving an online car-sharing platform. Turo Inc., a firm that connects renters with automobile …

Allianz Commercial announced it is relocating its Chicago office to a newly designed workspace at 155 North Wacker Drive, located in the city’s Financial District. The new office spans nearly 28,000 square feet and was designed to support the company’s …

Specialty Program Group, a specialty platform headquartered in Chicago, is consolidating its transportation businesses under a single platform: SPG Transportation. Avant Brokerage, Avant Underwriters, BizCHOICE Transportation and MOVER’S CHOICE will now operate as a unified platform – SPG Transportation. SPG …