Kevin H. Kelley, a respected figure in the insurance industry and retired vice chairman of Liberty Mutual’s Global Risk Solutions business, has passed away.
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InsurTech Funding Surpasses $60B, AI Investment Dominates
The global InsurTech sector has reached a new funding milestone, with more than $60 billion raised and invested since 2012, according to Gallagher Re’s latest Global InsurTech Report.
OpenAI Launches GPT-5: Faster, Smarter, and More Humanlike
OpenAI has unveiled GPT-5, its newest flagship artificial intelligence model, describing it as a “major upgrade” over previous versions of the technology powering ChatGPT.
CheapInsurance.com Shares State-by-State Savings Tips for Back-to-School
As millions of American families prepare for the back-to-school season, parents of teen drivers are facing a hidden financial crisis: auto insurance premium increases averaging $3,252 annually.
Ascot and Antares Launch Wayfare Re
Ascot Group Limited and Antares Capital have entered into a strategic partnership to launch Wayfare Reinsurance Limited, a Bermuda-based casualty reinsurance sidecar.
Mercury Insurance Steps In to Support Safeco Customers and Agents in California
As Liberty Mutual adjusts its personal lines strategy in California, Mercury Insurance is partnering with the company to ensure that thousands of Safeco Insurance customers continue to have access to essential coverage.
Property Insurance Rates in the Gulf Begin to Ease After Years of Volatility
After several years marked by dramatic increases in property insurance costs across the Gulf region — particularly in Louisiana — businesses are beginning to see some relief.
Verisk Strengthens Residential Insurance Capabilities with $2.35 Billion Acquisition of AccuLynx
Verisk Analytics Inc. has announced a significant step in its strategy to deepen its role in the residential insurance space by acquiring AccuLynx, a leading software provider for roofing contractors, in an all-cash deal valued at $2.35 billion.
Yes, You Can Insure a DJ, Coffee Cart, or Etsy Shop! Here’s How
Microbusinesses are booming and Berkley’s Small Business Solutions Special Event Vendors & E-commerce Retailers Program are designed for modern micro-enterprises.
Small Ratings Firm Under Scrutiny Amid Insurance Market Instability
As major insurers continue their retreat from high-risk coastal markets, a small ratings agency based in Ohio is playing an outsized role in enabling lesser-known insurers to fill the void — often with significant consequences for policyholders.