Insurance
Insurance products and industry updates
Barrick Appoints Sebastiaan Bock as CEO of International Division Amid Key Business Split
Sebastiaan Bock has been appointed CEO of Barrick's international division as the company prepares to separate its North American and overseas operations, targeting a 20% production increase.
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Global Catastrophe Losses Decline, But Risk Remains Elevated
Global insured natural catastrophe losses dropped 16%, but the risks from climate-driven events like wildfires and hurricanes persist, warranting caution.
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9th Circuit Ruling Keeps Social Media Giants Facing Product Liability Claims
A recent 9th Circuit ruling keeps Meta, Google, and TikTok in the courtroom over product liability claims linked to addiction among young users.
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Oakbridge Expands Reach with Valentine Insurance Acquisition in Tennessee
Oakbridge Insurance Agency has acquired Valentine Insurance, underscoring the consolidation trend in integrated brokerage services across the U.S.
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Tanker Pollution Crisis Off Oman Highlights Gaps in Marine Insurance
The grounding of the Caroline Bezengi off Oman has triggered a massive oil spill while exposing significant vulnerabilities in the marine insurance market.
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Cigna Expands Focus on Mid-Market Employers in Northern California with New Appointment
Cigna Healthcare appoints Luke Cirkovic as general manager for Northern California, targeting mid-market employer growth amid rising cost pressures.
Read full story →RAKBANK Achieves Record Profits in H1 2026 Driven by Strong NIM and Strategic Asset Sale
RAKBANK reported record profits for the first half of 2026, fueled by its leading net interest margin and a significant gain from divesting its merchant payment business.
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Marsh McLennan Agency Expands Iowa Presence with Accel Group Acquisition
Marsh McLennan Agency is acquiring The Accel Group, enhancing its agribusiness capabilities and regional coverage across the Midwest.
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Heffernan Foundation Grants $100,000 in Scholarships, Nears $1 Million Milestone
The Heffernan Foundation awarded ten $10,000 scholarships, bringing its total funding to nearly $1 million as it supports education within the community.
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US Business Leaders' Confidence Declines Amid Rising Geopolitical Risks
US executives, particularly in small businesses, report heightened concerns about the future due to geopolitical instability and operational challenges.
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Auto Injury Claim Costs Surge, Doubling Medical Inflation Rates from 2017 to 2022
Recent research reveals US auto bodily injury claims increased at over double the rate of medical inflation from 2017 to 2022, fueled by heightened legal involvement.
Read full story →Volta Metals Expands Gallium Discovery at Springer Project in Ontario
Volta Metals reports significant gallium grading from drilling beneath the Springer pit, indicating a broader mineral footprint and potential for resource expansion.
Read full story →Eric Sprott Boosts Stake in MAX Power Mining with C$10 Million Investment
Eric Sprott increases his ownership in MAX Power Mining to 19.5% following a C$10 million investment aimed at advancing its hydrogen project.
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Nationwide Faces Class Action Over Faulty Claims Reporting Practices
Nationwide Mutual Insurance is accused of mishandling a driver's claims history, potentially impacting thousands of consumers.
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Kinsale Insurance Challenges Duty to Defend in Oregon Construction Defect Dispute
Kinsale Insurance has filed a lawsuit to establish it owes no defense to a siding contractor involved in a significant water-damage claim against a townhome developer.
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Gold and Silver Prices Surge Amid US Job Contraction; Barrick Faces Investor Backlash
Gold and silver prices climb following a surprising drop in US jobs, while Barrick's latest deal leaves investors concerned about asset valuations.
Read full story →Gold Surges Above $4,300 Driven by Weaker US Jobs Data and Chinese Central Bank Purchases
Gold prices surged past $4,300 an ounce bolstered by weak US jobs data, enhanced investor interest, and significant buying from China's central bank.
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Navigating the Crowded MPL Insurance Market: Insights on Risk Management and Underwriting Dynamics
The MPL insurance market is increasingly crowded, requiring brokers to demonstrate effective risk management and build strong relationships with underwriters.
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California Auto Insurance Market: Disparate Trends Emerge Among Carriers
California's auto insurance landscape shows mixed signals from carriers, with Kemper facing challenges while Mercury experiences improvement.
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MAPFRE's Acquisition of Safety Insurance: A Strategic Move in Massachusetts Market
MAPFRE's $1.54 billion acquisition of Safety Insurance solidifies its leading position in Massachusetts while raising critical questions about market dynamics.
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