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CatIQ Estimates $225.3 Million Industry Loss From Bald Range Wildfire in British Columbia
Perils subsidiary CatIQ. The fire spread rapidly in Summerland and the surrounding area Aug. 7-18. CatIQ's estimate covers residential and commercial property, auto and additional ...
Source: BestWire   Date: September 15, 2026
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Insurtech Kin: Average South Florida Homeowners Rate Cuts Exceed 20%
Compliance Officer Angel Conlin. "There's still more work to do, but our data shows the market is getting healthier," Conlin said in a statement. Kin cited a Florida Office of ...
Source: BestWire   Date: September 14, 2026
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Zurich Australia Lowering Costs for Self-Driving Teslas
Zurich Australian Insurance Ltd. said it has added full self-driving technology to its list of rating factors for its coverage of Tesla vehicles, reducing costs. "As vehicle ...
Source: BestWire   Date: September 14, 2026
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MGU Bamboo Could Gross $700 Million in IPO
Managing general underwriter Bamboo Insurance Services Inc. looks to raise as much as $700 million in an initial public offering, according to an amended Form S-1 filed with the ...
Source: BestWire   Date: September 14, 2026
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Aon Estimates Single-Digit Billion-Dollar Losses From Stormy Start to September in US, Canada
Aon said in a catastrophe report. It partially destroyed roofs and left structural damage to commercial buildings, also downing trees and causing widespread power outages. Large ...
Source: BestWire   Date: September 11, 2026
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Definity CEO: Travelers Canada Retention Rises Post-Acquisition; Deal Brought 'Scarce Talent'
Canadian surety business (BestWire, Jan. 5, 2026). The company has access to capital, which is important because it offers deal certainty, said Saunders. He stressed the important ...
Source: BestWire   Date: September 11, 2026
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Hagerty Prices Secondary Public Offering at $11.95 Per Share
Hagerty Holding shares, Hagerty said in a statement. The trust was established for the benefit of the late Kim Hagerty's family and charitable purposes, and, along with members of ...
Source: BestWire   Date: September 11, 2026
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2026 Best's Rankings: Liberty Mutual Remains Top All Other P/C Lines Writer; Market Share Slips
Liberty Mutual Insurance Cos. remained the top writer of all other lines last year despite a 4.2% decline of direct premiums written, according to a new Best's Rankings. However, ...
Source: BestWire   Date: September 11, 2026
2026 Best's Rankings: Farmers First-Half NPW Up 12.7% as P/C Industry Sees 2.2% Rise
Farmers Insurance Group's U.S. property/casualty net premiums written rose 12.7% in the first half of the year to $11.75 billion, multiples more than the industry's 2.2% rise, ...
Source: BestWire   Date: September 11, 2026
American Integrity CEO: Florida Insurers Historically Faced More Tort Than Climate Battles
Chief Executive Officer Bob Ritchie. Now that the state has undergone significant tort reform, other states are "looking at our successes and how maybe they can replicate it. Who ...
Source: BestWire   Date: September 10, 2026
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Orion180 Could Gross $391 Million in IPO
Securities and Exchange Commission filing. If an option for an additional 3 million shares is exercised at the upper end of the per-share range, it could gross $391 million. ...
Source: BestWire   Date: September 10, 2026
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LA County Probes Farmers' Wildfire Insurance Claims for Possible Handling Violations
Los Angeles County is investigating Farmers Insurance Co.'s handling of claims related to the January 2025 Eaton and Palisades wildfires for potential violations of California's ...
Source: BestWire   Date: September 9, 2026
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Wawanesa: With Approvals Complete, Everest Canada Acquisition to Close in Fourth Quarter
Wawanesa Mutual Insurance Co. said all required regulatory approvals are in hand, putting it on track to complete its acquisition of Everest Insurance Co. of Canada in the fourth ...
Source: BestWire   Date: September 8, 2026
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Gallagher Re Estimates Hundreds of Millions in Losses From Single-Day Storms in Toronto Area
Toronto area, according to Gallagher Re. Losses from the severe convective storm outbreak could rise higher, it said in an event commentary, because the storm struck the major ...
Source: BestWire   Date: September 8, 2026
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Gallagher Re Pegs Two Storm Losses at $2.9 Billion
Switzerland and northern Italy the following day. Gallagher Re's loss estimate covers the three countries. It said Raphaela left significantly damaged residential and commercial ...
Source: BestWire   Date: September 4, 2026
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Definity Estimates $94.15 Million Impact From July and August Cats, Exceeding Expectations
Net catastrophe losses in July and August impacted Definity Financial Corp. underwriting income by an estimated C$130 million ($94.15 million), exceeding expectations by a large ...
Source: BestWire   Date: September 4, 2026
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Fidelis Partnership Hires Reinsurance CUO, Fills Senior Positions in Bermuda, London
European head of claims at Allied World. New Head of Political Risk Megha Khanduja had been head of Europe and multilaterals for insurance solutions at Bloomberg. The MGA said it ...
Source: BestWire   Date: September 3, 2026
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Utah Regulators Approve New Property Insurer With Eye on International Business From Asia
Further AI, at a recent Best's Briefing (BestWire, July 17, 2026). Earlier, the Utah Governor's Office of Economic Opportunity awarded Usurance a post-performance tax reduction for ...
Source: BestWire   Date: September 3, 2026
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Update: Insurtech Corgi Launches Reinsurance Business
...Adds company comment in third and fourth paragraphs.) Insurtech Corgi Insurance has launched Corgi Re with what an executive called better tools and data and a faster ...
Source: BestWire   Date: September 2, 2026
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Cincinnati Financial P/C Claims Leader Retiring; Chief Legal Officer Will Also Oversee Claims
Chief Claims Officer Marc Schambow retires in January. Chief Legal Officer Tom Hogan will be tasked with executive oversight of Cincinnati Financial claims operations. The company ...
Source: BestWire   Date: September 2, 2026
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