Record-high insurance rates in 2024 drive unprecedented auto policy shopping, challenging insurers to enhance customer retention strategies amid rising costs.

Marco Capital expands its European P&C run-off insurance portfolio with the acquisition of Benteler Reinsurance Company DAC, enhancing its strategy to rationalize non-core insurance entities.

In 2024, the global ocean hull insurance market grew 3.5% in premiums to $9.67 billion, with significant exposure from an aging fleet and new risks from alternative-fuel vessels and geopolitical tensions. Asia-Pacific made up 35% of premiums.

Verisk's 2025 report highlights a 25% rise in global annual catastrophe losses driven by frequent smaller events. NJ's workers' comp sector emphasizes specialized Managed Care Organizations for improved occupational injury care and claim outcomes.

U.S. used car auction prices held steady in August, but long-term tariff effects on new car costs signal potential price increases. Market watchers should track these inflation and trade-driven dynamics.

Record high auto insurance rates in 2024 are fueling unprecedented comparison shopping and customer switching, challenging insurers to improve retention amid rising premiums.

Alberta Premier Danielle Smith plans a 2027 auto insurance overhaul to reduce premiums by limiting lawsuits, with public insurance as a potential fallback amid insurer pressures.

Reinsurers have yet to fully incorporate Florida's recent tort reforms into catastrophe models, affecting risk assessment and underwriting in the homeowners insurance market.

The Connecticut Supreme Court rules that insurance brokers are not required to inform clients about non-renewal of homeowners insurance policies, defining broker duties and impacting insurance practices.

Arthur J. Gallagher acquires Bremer Insurance Agencies, expanding its property and casualty insurance brokerage footprint in St. Paul, Minnesota. Transaction details remain undisclosed.