AM Best Downgrades Outlook for CICA Life Insurance Credit Rating
AM Best revises CICA Life Insurance's credit rating outlook to negative citing new business strain and balance sheet pressures. Stable financial strength rating affirmed.
Arthur J. Gallagher & Co. Acquires Strategic Services Group to Expand Midwest Benefits Consulting
Arthur J. Gallagher & Co. acquires Strategic Services Group, enhancing its employee benefits consulting services in Michigan and the Midwest. This move strengthens Gallagher's regional presence in the insurance and risk management sectors.
Liberty Company Acquires High Ground Insurance to Expand Workers Comp Expertise
Liberty Company Insurance Brokers acquires High Ground Insurance Services, enhancing expertise in workers compensation claims, employee benefits, and loss-sensitive programs in key U.S. industries.
The Hartford Advances AI-Driven Strategies to Combat Evolving Insurance Fraud
Explore how The Hartford utilizes AI and data science to detect and prevent sophisticated insurance fraud schemes across property-casualty lines, enhancing risk management and reducing losses.
Jacksonville Teens Charged After Stolen Car Crashes into Mattress Store
Three Jacksonville teenagers face felony charges after crashing a stolen car into a mattress store, causing significant property damage and business interruption. The incident highlights insurance risks and claims implications for small businesses in urban areas.
Personal Lines Insurance Shifts to Predict-and-Prevent Mindset Amid Market Pressures
Explore how personal lines insurance is evolving from repair-and-replace to a predict-and-prevent approach, driven by economic pressures, consumer behavior shifts, and technology integration.
Global M&A Surge in Q3 2025 Driven by North American and Mega Deals
Global M&A activity soared in Q3 2025 with a surge in North American mega deals and strong market performance, highlighting strategic risk and integration trends.
Non-life Insurance: Emerging AML Risks Demand Updated Compliance Strategies
Non-life insurance poses increasing AML risks due to evolving criminal fraud tactics. Insurers must update compliance frameworks with AI-driven detection and cross-functional collaboration.
Over One-Third of U.S. Drivers Lack Adequate Auto Insurance Coverage
More than one-third of U.S. drivers lack sufficient auto insurance, increasing financial risks. Understanding uninsured and underinsured motorist coverage is critical for risk management and insurance compliance.
Hanover Insurance Leads Specialty Growth with Tech-Driven Strategy in P&C Market
Hanover Insurance Group excels in the U.S. property and casualty sector by leveraging technology and strategic diversification for specialty insurance growth and strong dividend yield. Market leaders like Progressive and Heritage also pursue targeted growth and underwriting discipline.