News
More than half of Massachusetts residents misunderstand flood coverage
1+ day, 17+ hour ago (320+ words) A new survey from the Massachusetts Association of Insurance Agents (MAIA) found that many residents may not fully understand what their insurance policies actually cover, especially when it comes to flooding. The survey found that 65. 9% of respondents either do not…...
E-delivery made policies faster to issue but harder to understand, and the industry hasn't caught up
1+ week, 16+ hour ago (615+ words) Canadian life insurers risk creating a new generation of "orphan policyholders" as electronic delivery becomes the default for life and living benefits contracts, without any corresponding standard for advice or stewardship, warns veteran consultant Rhona Konnelly (pictured). Konnelly, who previously…...
Florida personal property carriers book $1bn underwriting swing
1+ week, 1+ day ago (501+ words) Florida-domiciled personal property specialist carriers booked close to $1 billion in underwriting gains in 2025, a turnaround from a $132 million underwriting loss recorded just two years earlier, AM Best said in a new report, pointing to the state's tort reforms and a…...
Home premiums in top cyclone risk areas down sharply since pool launched
1+ week, 3+ day ago (632+ words) ARPC data shows cyclone premiums dropping in high-risk zones Insurance Business Home premiums in top cyclone risk areas down sharply since pool launched Availability numbers point to a broader market shift Home insurance premiums in Australia's highest cyclone risk zones…...
Westland targets SME resilience with new wildfire business guide
3+ week, 3+ day ago (279+ words) Westland Insurance has released a wildfire preparedness and recovery guide aimed at helping businesses manage operational and insurance risks before, during and after fire season. Titled "Before, during and after a wildfire: A business action guide," the publication targets small…...
New MGA targets California's high-value homeowners gap
1+ mon, 1+ day ago (406+ words) Ascendri Insurance Services is entering the strained California homeowners market with a focus on complex and high-value properties." The move comes as traditional capacity in the state has tightened sharply in recent years, particularly for homes exposed to wildfire and…...
Marsh insurance index shows every region posting rate declines in Q1
1+ mon, 1+ week ago (438+ words) Global commercial insurance rates dropped 5% in the first quarter of 2026, the seventh consecutive quarter of declines, as insurers competed harder for business against a backdrop of abundant capacity, according to the latest Global Insurance Market Index from Marsh. The fall,…...
Ninth Circuit dismantles California law protecting insurance risk pools
1+ mon, 2+ week ago (473+ words) A federal appeals court has struck down a California law aimed at curbing dialysis-driven distortion of insurance risk pools. On April 7, the Ninth Circuit found that three of five challenged provisions of California Assembly Bill 290 violate the First Amendment. The…...
Fee-only home insurance is moving beyond prestige cover
2+ mon, 2+ day ago (326+ words) Fee-based remuneration has long been common in specialty lines such as D&O, marine, aviation and other complex commercial risks. What is new, or at least becoming more visible, is the way that logic is appearing in brokered home insurance…...
Home insurance is the biggest blind spot for Canadian collectors, says expert
2+ mon, 1+ week ago (705+ words) For many Canadian collectors, the single biggest risk to their card, memorabilia or art collections isn't theft or fire " it's assuming their homeowner's policy will pick up the tab if something goes wrong. "The biggest risk is assuming that a…...