Analysts at insurance rating firm AM Best said there are “warning signs” for the directors & offers liability market, leading to shrinking underwriting margins and a tighter environment for buyers in 2026. In a new report, AM Best said 2025 …
Marsh & McLennan Agency has filed suit against brokerage Patriot Growth Insurance Services and eight former members of a surety team over an alleged poaching scheme. Filed early June in U.S. District Court for the Southern District of New York …
Hackers are still trying to trick people to exploit an organization’s systems, but more breaches now with software vulnerabilities Stolen passwords, or credential abuse, are no longer the top way hackers breach systems, according to Verizon’s latest annual Data Breach …
Acrisure’s CEO told employees that about 2,250 of them won’t be with the company by the end of 2027. The Grand Rapids, Michigan-based global broker is planning to reduce its headcount by about 11%, mostly in the U.S., said a …
The U.S. property/casualty insurance industry is expected to see underlying growth decrease 3.7% for the first half of 2026 as it deals with economic uncertainty. The industry grew 1.6% in 2025, but a report from the Insurance Information Institute (Triple-I) …
Howden US is again being sued by a rival broker over another group of new employees who are alleged to have breached loyalty and post-employment contractual obligations. According to a lawsuit filed May 19 in U.S. District Court for the …
Insurtech Lemonade reported a first quarter 2026 net loss of about $35.8 million compared with a loss of about $62.4 million during the same time in 2025. However, Lemonade said its topline growth was positive, with 159% increase in year-to-year …
First quarter 2026 net income at The Hartford increased 36% to about $851 million as catastrophe losses during the period were half the amount of the same time a year ago. Pretax catastrophe losses for Q1 were about $230 million, …
A former ransomware negotiator has pleaded guilty to charges he helped a ransomware group extort tens of millions of dollars from companies. Angelo Martino, 41, of Land O’Lakes, Florida, worked for a cyber incident response company as a ransomware negotiator …
Insurance agency mergers & acquisitions in the first three months of 2026 were down 6% compared with the same period last year. It was the 10th consecutive quarter of deal volume below the long-term trend line but, investment banking and …