NEW YORK – From technological revolution to geopolitical conflicts, the commercial property/casualty industry has never been “more relevant,” according to Eric Andersen, the recently appointed president and CEO of American International Group. “Now is pro... See more
Reinsurance rates fell 15%-20% on average at June 1 renewals, with some declines reaching 25%, as abundant reinsurance capacity outstripped demand and shifted negotiating leverage to cedents, according to multiple sources. The renewals, which are dominate... See more
Transactional risk insurance claims reached an all-time high in 2025, according to a report by Aon released Wednesday. The report, based on claims data from Aon clients, showed that claim frequency and severity were rising. North American representations ... See more
Recent federal moves affecting medical cannabis could improve prospects for some operators but are more of an incremental step in the evolution of the industry rather than a wholesale recasting of the sector, insurance and cannabis industry sources say. T... See more
Property reinsurance rate softening accelerated at June 1 renewals leading to decreases of up to 25% on loss free programs as demand for reinsurance increased. This compares with the 14.7% decline seen at January 1 renewals and the 16% drop at April 1, ac... See more
