American International Group, Inc. (AIG) has completed the sale of its global personal travel insurance and assistance business, including the Travel Guard® brand, to Zurich Insurance Group.
Author: Maria Valdez Haubrich
New Minnesota Law Mandates Cyberattack Reporting by Public Agencies
Minnesota has enacted a new law requiring public agencies and their contractors to report cybersecurity incidents to state IT officials. This measure aims to enhance the state’s preparedness and response to growing cyber threats.
2025 FORTIFIED Standards Announced: Advancements in Resilient Construction
The Insurance Institute for Business & Home Safety (IBHS) has released its updated 2025 FORTIFIED resilient construction standards, designed to strengthen homes, commercial buildings, and multifamily properties against severe weather events.
Debt is Limiting American Retirement Savings, Allianz Life Study Finds
According to the 2024 Annual Retirement Study from Allianz Life Insurance Company of North America (Allianz Life), a significant number of Americans are grappling with debt that may hinder their retirement savings and overall financial stability.
AM Best Revises Outlook for U.S. Personal Lines Insurance to Stable
AM Best has adjusted its 2025 outlook for the U.S. personal lines insurance segment from negative to stable, citing significant improvements in rate and pricing conditions, particularly in the auto insurance market.
Liberty Mutual Insurance Appoints Marc Orloff to President, Global Risk Solutions North America
Liberty Mutual Insurance today announced that Marc Orloff has been named President of Global Risk Solutions (GRS) North America, effective Jan. 1, 2025.
Insurity Gathers Industry Leaders to Drive Innovation in P&C Insurance
Insurity hosted its largest-ever Excellence in Insurance conference, bringing together over 100 insurance organizations and industry analysts to explore emerging trends and strategies shaping the future of the property and casualty (P&C) insurance market.
Louisiana’s Flood Insurance Crisis: What’s Next?
The National Flood Insurance Program (NFIP) is facing mounting pressure as debt climbs to $20.5 billion, premiums soar, and participation drops.
Supreme Court’s Decision in Nvidia Securities Case May Impact D&O Insurance Market
SCOTUS is poised to make a pivotal decision in the Nvidia Corp. v. Ohman securities class action case. The ruling could influence how securities plaintiffs meet heightened pleading standards and affect the directors and officers (D&O) liability insurance market.
New Research: Digital and Operational Readiness is Essential for AI Value in P&C Insurance
Based on insights curated from over 1800+ insurance industry clients, The State of AI in P&C Insurance report examines the role of AI in retail, MGA/ wholesale and carrier markets.