Claire Wilkinson

Severe weather events caused more than 8.5 billion Canadian dollars ($5.9 billion) in insured damage in 2024, making it the costliest year on record, Canada-based Catastrophe Indices and Quantification Inc. said in a statement Monday.

Commercial property insurance policyholders saw continued rate relief at year-end renewals as capacity expanded, fueling more competitive market conditions.

NFP Corp., an Aon PLC company, on Tuesday named Lauren Kim to lead its property/casualty business in the Northeast region, in a newly created role.

Vermont added 41 new captive insurers in 2024, up from 38 new formations in 2023, ranking it among the top 10 highest years of growth.

Technological risks, including adverse outcomes of artificial intelligence technologies, remain “under the radar” and low in the ranking of top risk concerns for the next two years, according to the World Economic Forum's Global Risks Report 2025, published Wednesday.

Zurich North America Thursday launched a specialties business unit led by former construction head Kelly Kinzer.

The Risk & Insurance Management Society Inc. will add a captives and alternative risk transfer educational track at its upcoming 2025 Riskworld conference, the New York-based organization's newly minted president said Thursday.

Renewal rates in commercial auto, business owners policy and umbrella liability increased in the fourth quarter of 2024, compared with the third quarter, according to a report Tuesday from Ivans…

Smoke damage from the Los Angeles wildfires will increase uncertainty about the size of insured losses and may spark coverage questions for some policyholders.

Global insured losses from natural catastrophes reached an estimated $145 billion in 2024, 54% above the 21st-century average, marking the sixth costliest year for insurers, according to a report issued Wednesday by Aon PLC.