Archive

Zurich posts record $7.8bn profit

The California Wildfires cost Zurich $200mn

UK's "dynamic" general insurance stress test will assess real-time reactions to events

Firms will be handed a sequence of stresses over three weeks in May 2025

Insurers not always honest in rate filing process, says California commissioner Lara

Regulator is aiming to rebuild trust with insurers and solve insurance crisis

Farmers returns to California

Insurer will offer commercial multi-peril coverage after rate negotiations with CDI

Allstate plans to return to California

But only when reforms are implemented and if the rates are right

AM Best flags further worsening in cost and availability for Californian property cover

Using historic data for pricing increasingly "unwise" as new climatic paradigm emerges

New Zealand trade body appoints former cabinet minister as chief executive

US insurance crisis threatens "entire financial system", warns Senator Sheldon Whitehouse

Climate change crisis could spill over from insurance to mortgages and muni bonds

Florida's insurance reforms are helping market to grow, regulator says

OIR approves second new insurer following recent withdrawals

Florida's CFO calls Farmers the "Bud Light" of insurance as company prepares to exit state

Farmers' move latest in series of withdrawals in US climate hit states