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Insurance

Insurance products and industry updates

Iamgold Delays Côté Gold Expansion, Evaluates Increased Capacity for Future Growth
MARKETS

Iamgold Delays Côté Gold Expansion, Evaluates Increased Capacity for Future Growth

Iamgold defers its planned expansion of Côté Gold to explore a more significant project capable of processing 70,000 tonnes daily, amid rising gold prices.

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Ohio Court Reduces Hudson Insurance's Bond Liability After Supplier Misses Key Notice
INVESTING

Ohio Court Reduces Hudson Insurance's Bond Liability After Supplier Misses Key Notice

An Ohio court has trimmed Hudson Insurance's bond obligations due to a missed notice by its supplier, impacting liability on specific projects.

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Court Ruling Affirms Insurer's Right to Cancel Workers' Comp Policy Over Audit Non-Response
INVESTING

Court Ruling Affirms Insurer's Right to Cancel Workers' Comp Policy Over Audit Non-Response

A California court confirmed that employer silence during audits justifies workers' comp policy cancellation, favoring Employers Preferred Insurance.

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Farmers Insurance Prevails in Dispute Over Uninsured Motorist Claim
INVESTING

Farmers Insurance Prevails in Dispute Over Uninsured Motorist Claim

Farmers Insurance successfully contested claims from medical providers, establishing that the driver of an uninsured vehicle was ineligible for PIP benefits.

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Surge in ERISA Litigation Challenges Plan Sponsors and Brokers, Says Expert
BANKING

Surge in ERISA Litigation Challenges Plan Sponsors and Brokers, Says Expert

A significant rise in ERISA litigation presents compliance challenges for plan sponsors, prompting cautious approaches from brokers and clients.

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Insurers Navigate Growing Data Center Risks Amid Increased Capacity Demands
INVESTING

Insurers Navigate Growing Data Center Risks Amid Increased Capacity Demands

The rapid growth of data centers is reshaping insurance dynamics, pushing carriers to seek global capacity and innovative coverage solutions.

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Corporate Captives Transforming Risk Management Strategies for Businesses
INVESTING

Corporate Captives Transforming Risk Management Strategies for Businesses

Corporate captives are evolving into strategic tools for risk management, offering firms greater control and efficiency in handling insurance.

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Data Center Cyber Risk Exposes Coverage Gaps in Insurance Policies
INVESTING

Data Center Cyber Risk Exposes Coverage Gaps in Insurance Policies

The evolving cyber risk landscape for data centers necessitates stronger security controls and clearer policy language to ensure comprehensive coverage.

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Insurer Seeks to Exit Coverage Obligations in School District Stormwater Lawsuit
BANKING

Insurer Seeks to Exit Coverage Obligations in School District Stormwater Lawsuit

Republic Franklin Insurance argues it owes no coverage for Millcreek Township's stormwater dispute, citing policy exclusions and timing issues.

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GEICO Targets Alleged $2.9 Million Fraudulent Billing Scheme in New York
ECONOMY

GEICO Targets Alleged $2.9 Million Fraudulent Billing Scheme in New York

GEICO has launched a lawsuit against four New York medical supply firms over an alleged fraudulent billing scheme costing over $2.9 million.

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MUSIC Sues Evanston for $1.1 Million Over Shared Insurance Coverage Dispute
BANKING

MUSIC Sues Evanston for $1.1 Million Over Shared Insurance Coverage Dispute

MUSIC is seeking reimbursement from Evanston for $1.1 million related to a shared client's construction accident settlement.

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Trisura Achieves Strong Q2 Performance with 84.9% Combined Ratio Amid US Surety Expansion
INVESTING

Trisura Achieves Strong Q2 Performance with 84.9% Combined Ratio Amid US Surety Expansion

Trisura reports an impressive 84.9% combined ratio in Q2 2026 while expanding its US surety licensing, highlighting disciplined growth strategies.

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Octave Specialty Reports Mixed Performance as Everspan Reduces Property Exposure Amid MGA Growth
BANKING

Octave Specialty Reports Mixed Performance as Everspan Reduces Property Exposure Amid MGA Growth

Octave Specialty's Q2 results reflect a dual strategy: Everspan downsizes its property book, while the MGA segment experiences robust growth and enhanced margins.

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Florida Auto Insurance Market Experiences Significant Rate Reductions Post-Reform
BANKING

Florida Auto Insurance Market Experiences Significant Rate Reductions Post-Reform

Florida's auto insurance market is seeing substantial rate reductions and improved underwriting outcomes following recent tort reform measures.

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Homeowners Insurance Leaders Show Strong Results Amid Mixed Performance in Other Segments
STOCKS

Homeowners Insurance Leaders Show Strong Results Amid Mixed Performance in Other Segments

Florida and Northeast homeowners insurers post solid results, while other sectors display mixed outcomes and emerging challenges.

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Sun Life Financial Reports 27% Surge in Group Sales Amid Strong Market Dynamics
INVESTING

Sun Life Financial Reports 27% Surge in Group Sales Amid Strong Market Dynamics

Sun Life Financial's group insurance sales surged 27% year-over-year, driven by strong medical stop-loss demand and enhanced pricing discipline.

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Mutual of Omaha Partners with Claritev to Streamline Supplemental Health Claims
INVESTING

Mutual of Omaha Partners with Claritev to Streamline Supplemental Health Claims

Mutual of Omaha and Claritev have integrated their systems to automate supplemental health claims, enhancing employee engagement and utilization of benefits.

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Inszone Expands Washington Presence with Acquisition of Radwick & Lightle
BANKING

Inszone Expands Washington Presence with Acquisition of Radwick & Lightle

Inszone Insurance Services enhances its Washington footprint by acquiring Radwick & Lightle, focusing on employee benefits in a challenging market.

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HDVI's Acquisition by Federated Mutual Insurance: Implications for the Trucking Insurance Sector
BANKING

HDVI's Acquisition by Federated Mutual Insurance: Implications for the Trucking Insurance Sector

Federated's acquisition of HDVI marks a significant shift in trucking insurance, impacting agency dynamics and underwriting practices amidst a tightening market.

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AXA XL's Acquisition of S-RM: Implications for Cyber Insurance Consistency
INVESTING

AXA XL's Acquisition of S-RM: Implications for Cyber Insurance Consistency

AXA XL's full acquisition of S-RM raises questions about the future of vendor impartiality on cyber incident response panels, a key area for brokers.

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