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News
Insurance moves: Ameritas and ANV
12+ hour, 20+ min ago (528+ words) Two insurance organizations announced leadership changes this week. Below is a roundup of the moves, with a look at what each means for brokers and producers. Ameritas has promoted Shannon Berry (pictured, left) to senior vice president of sales and…...
What happens when a home insurance policy contradicts itself over a new boat
3+ day, 2+ hour ago (583+ words) A recent Ontario court decision is a reminder that boat owners cannot simply assume their homeowner's or cottage insurance automatically extends to a new watercraft, according to Adam Wagman (pictured), partner at Howie, Sacks & Henry LLP, who represented the family…...
OSFI finalizes new IFRS 18 templates for insurers
3+ day, 10+ hour ago (355+ words) The Office of the Superintendent of Financial Institutions published its third Quarterly Release of 2026 on September 10, advancing policy work across capital, disclosure, concentration risk, crypto-asset exposures, interest rate risk and insurance reporting. Most of the updates are final versions of…...
Insurer claim delays top complaints again as brokers report no change
3+ day, 16+ hour ago (475+ words) Delay in claim handling was the most complained-about issue across every financial product handled by the Australian Financial Complaints Authority (AFCA) in 2025-26. The ombudsman recorded 119,949 complaints, the highest annual volume and the third consecutive year above 100,000. General insurance accounted for…...
AI liability has no fixed address in casualty reinsurance
4+ day, 8+ hour ago (457+ words) The casualty reinsurance market already carries AI exposure. The question is whether it knows where. That is the practical challenge running through a Howden Re roundtable published at Monte Carlo. Four of the broker's global casualty leaders mapped how AI-related…...
ASIC confirms investigation into collapsed Sphere Insurance Group
4+ day, 3+ hour ago (374+ words) "ASIC can confirm that it has commenced an investigation and has engaged with the liquidator in connection with that investigation," an ASIC spokesperson told Insurance Business. Read next: ASIC issues warning to AFS licensees ASIC declined to say whether it…...
1,273 insurers have failed globally since 2000, new PACICC catalog finds
4+ day, 9+ hour ago (380+ words) A catalog of 1,273 insurers known to have failed across 98 countries since 2000 has been published by Canada's Property and Casualty Insurance Compensation Corporation, and the United States dominates it in ways that may surprise the market. The US also leads the…...
1,273 insurers have failed globally since 2000, new PACICC catalogue finds
4+ day, 11+ hour ago (380+ words) A catalog of 1,273 insurers known to have failed across 98 countries since 2000 has been published by Canada's Property and Casualty Insurance Compensation Corporation, and the United States dominates it in ways that may surprise the market. The US also leads the…...
USI Insurance employees sue over voluntary benefit commission???self-dealing???
4+ day, 18+ hour ago (167+ words) Seven employees say USI Insurance ran their benefits plan and brokered it too, collecting millions in commissions their premiums paid for. The claim sits at the heart of a proposed class action filed on September 8, 2026 in the US District Court…...
Joint liability ruling puts India's bancassurance distribution under scrutiny
4+ day, 17+ hour ago (805+ words) A consumer commission in Telangana has ordered a bank and insurer to jointly refund Rs 10 lakh to a 73-year-old retired associate professor, ruling that the policy was issued without her free will or informed consent. The August 27 ruling by the…...