Tech Update: Zurich Launches AI-Powered Tool to Boost Multinational Contract Certainty
Zurich Insurance Group has launched Zurich Program IQ to help multinational businesses operate with confidence in an increasingly complex risk environment. This new AI-powered tool has been designed to further enhance contract certainty of multinational insurance programs across multiple regions, …
Mexico Train Derailment Piles Pressure on Sheinbaum Over Safety of Megaprojects
Mexico’s President Claudia Sheinbaum deferred questions on Tuesday about the record of a passenger train that derailed over the weekend, killing 13 people and injuring 98 others, the latest in a series of accidents that have put pressure on her …
Some Good Climate News to End the Year
Planet-warming greenhouse gas emissions kept rising in 2025 and country pledges to cut them are nowhere near where they need to be to avoid catastrophic climate change, but there were silver linings too. The world is decarbonizing faster than was …
2025 Was One of Three Hottest Years on Record: Researchers
Climate change worsened by human behavior made 2025 one of the three hottest years on record, scientists said. It was also the first time that the three-year temperature average broke through the threshold set in the 2015 Paris Agreement of …
China Lashes Out at Criticism as Taiwan Drills Seem to Wind Down
China blasted Western criticism of its most intrusive drills ever around Taiwan as its armed forces appeared to wrap up the maneuvers. The Taiwan question was an “internal affair” and “no country is entitled to make irresponsible comments” about the …
Severity Was Up, But Will Falling Claims Volume Impact the Profession?
The average claim severity during the third quarter 2025 could turn out to be one of the highest quarterly amounts in recent history, however the quarter will produce the lowest claim volume in five years—continuing a trend of decreased catastrophe …
AI, Litigation Funding and Market Currents: What CM Readers Cared About in 2025
As 2025 unfolded, Carrier Management readers gravitated toward features that explored the intersection of technology, economics, and strategy. From artificial intelligence transforming underwriting to litigation funding reshaping claims costs, and regulatory shifts redefining market dynamics, here are the 10 most-viewed …
Fight Over Trump’s $100,000 H-1B Visa Fee Moves to Appeals Court
The US Chamber of Commerce is appealing a federal court’s refusal to block the Trump administration’s $100,000 fee on applications for H-1B visas that are heavily relied on by American technology companies for hiring skilled foreign workers. The national business …
[Video] Wildfires, Lawsuits, AI, and M&A: A Look Back at Insurance in 2025
Insurance Journal recaps the biggest stories of 2025—across all of our regions—from record-breaking wildfires and climate losses to broker mega-deals, litigation reform, cyber threats, AI-driven layoffs, and signs of recovery in key insurance markets heading into 2026. Watch this end-of-year …
Cloudy Future for Bourbon Has Jim Beam Closing Distillery for a Year
Bourbon maker Jim Beam is halting production at one of its distilleries in Kentucky for at least a year as the whiskey industry navigates tariffs from the Trump administration and slumping demand for a product that needs years of aging …
Alabama DOI Expands Policy Cancellation, Nonrenewal Prohibitions
Property insurers in Alabama will no longer be able to cancel or non-renew policies because of natural disasters or because of losses that don’t affect that line of business, the Alabama Department of Insurance announced in a recent bulletin. Personal …
Report: California Comp Combined Ratio for 2024 Highest in 20-Plus Years
After three consecutive accident years with relatively stable loss ratios, the projected loss and allocated loss adjustment expense ratio for accident year 2024 rose by 9 points and the combined ratio for accident year 2024 rose by 12 points—the highest …
Hawaii Hopes New Laws Will Quiet Illegal Fireworks After Deadly New Year’s Eve Blast
Mike Lambert heard fewer illegal fireworks exploding in his suburban Honolulu neighborhood in the months after a chain of blasts at a house party last New Year’s Eve led to the deaths of six people, including a 3-year-old boy. As …
Virginia Offshore Wind Developer Sues Over Trump Order Halting Projects
NORFOLK, Va—The developers of a Virginia offshore wind project are asking a federal judge to block a Trump administration order that halted construction of their project, along with four others, over national security concerns. Dominion Energy Virginia said in its …
People Moves: Erie Insurance Names Morrison and Ackerman in Virginia
Erie Insurance (ERIE), headquartered in Erie, Pennsylvania, named Todd Morrison and Chad Ackerman as branch managers for the company’s Roanoke and Richmond, Virginia, branches. Morrison, Roanoke branch manager, has 15 years of ERIE experience, most recently serving as senior district …
Climate Cost Report Underway Even as Vermont’s Climate Law Faces Lawsuits
For Sue Minter, Vermont’s newly appointed climate superfund specialist, the floods started early. Back in 2011, when Tropical Storm Irene thrashed Vermont, Minter — serving as the state’s deputy secretary of transportation — helped rebuild the 600 miles of destroyed …
New Laws Impacting California Drivers in 2026
New laws affecting California drivers set to go into effect on Jan. 1, 2026, include stricter laws for drunk driving, speeding in school zones and automated traffic camera enforcement. The California Department of Motor Vehicles compiled a list of new …
QBE Insurance Sponsors US$400M Catastrophe Bond via Bridge Street Program
QBE Insurance Group announced it has closed a new catastrophe bond, which provides the re/insurer with $400 million of collateralized reinsurance cover for named storms and earthquakes in the US and earthquakes in Australia and New Zealand. This deal marks …
US Justice Department Using Fraud Law to Target Companies on DEI, WSJ Reports
The Trump administration has launched investigations into the use of diversity initiatives in hiring and promotion at major U.S. companies, the Wall Street Journal reported. Google and Verizon are among a list of companies that have received Justice Department demands …
Abundant Reinsurance Capacity Accelerates Market Softening During 1/1 Renewals
Expanded reinsurance capacity resulted in accelerated softening of pricing across many lines during the January 1, 2026 renewals, according to a report issued by Guy Carpenter, the reinsurance business of Marsh. Carpenter described a “softening market shaped by capital growth, …
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