U.S. Homeowners Insurance Sees Fewer Claims but Rising Costs in Summer 2025

In summer 2025, U.S. homeowners insurance claims dropped significantly while average claim costs surged due to rising reconstruction and labor expenses, creating a complex market dynamic for insurers.

Canal Insurance Names Matthew Grimm Chief Underwriting Officer

Canal Insurance Company appoints Matthew Grimm as Chief Underwriting Officer, leveraging his 30+ years in property/casualty and transportation insurance to enhance underwriting and market growth.

U.S. Terror Plot Highlights Complex Risks for Holiday-Period Insurers

Federal charges in Southern California terror plot raise critical exposure issues for holiday event insurers, highlighting challenges in terrorism modeling and political violence coverage.

2026 Formula 1 Powertrain Overhaul Emphasizes Sustainability and Electrification

F1's 2026 regulations introduce hybrid powertrains using sustainable fuels and enhanced battery power, transforming race strategy and technology compliance.

Canadian Auto Theft Claims Rise 200% in 10 Years Despite Recent Decline

Canadian auto theft claims losses surged 200% over the past decade despite a 2025 midyear decline, impacting insurance premiums and public safety. IBC calls for stronger federal measures and updated motor vehicle standards.

YSX TECH Partners with Huijian to Innovate Auto Insurance and Supply Chain Finance

YSX TECH and Huijian collaborate to enhance auto insurance services, supply chain finance, and develop data-driven insurance products in China's insurance market.

Key Financial Moves for Retirees to Make Before End of 2025

Discover four critical year-end financial actions retirees should take to protect income and optimize retirement plans before 2026, including managing RMDs and rebalancing portfolios.

US Commercial Insurance Rates Rise Moderately with Stabilization Signs in Q3 2025

US commercial insurance rates increased by 3.8% in Q3 2025, reflecting ongoing market stabilization and varied rate changes across coverage lines, per WTW’s CLIPS survey.

Mark Hillman on Reforms to Address Colorado's High Insurance Premiums

Mark Hillman discusses potential reforms to reduce Colorado's high homeowners and auto insurance premiums, focusing on regulatory and market solutions to enhance affordability and market stability.

Fairmatic MGA Rebrands as Leeo, Enhances AI-Driven Commercial Auto Underwriting

Fairmatic MGA rebrands as Leeo, adopting AI-powered telematics to enhance commercial auto underwriting under CEO Jeffrey Chen's leadership.