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Insurance Business

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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News

Insurance Business
insurancebusinessmag.com > asia > news > breaking-news > chinas-belt-and-road-engagement-hits-record-level-as-private-capital-grows-589354.aspx

China’s Belt and Road engagement hits record level as private capital grows

2+ day, 10+ hour ago   (685+ words) Chinese engagement in Belt and Road Initiative (BRI) countries hit its highest level on record in 2025, reaching US$213.5 billion in construction contracts and investments across around 350 deals – a 19% increase in deal numbers compared to 2024, according to the Griffith Asia Institute....

Insurance Business
insurancebusinessmag.com > asia > news > technology > hong-kong-insurers-take-ai-closer-to-the-point-of-sale-589343.aspx

Hong Kong insurers take AI closer to the point of sale

2+ day, 11+ hour ago   (567+ words) Prudential Hong Kong is not the only major insurer in the city putting AI tools into the hands of agents and consultants. But its September 9, 2026, deployment – a chatbot that returns preliminary underwriting indications at the point of sale, before any…...

Insurance Business
insurancebusinessmag.com > reinsurance > news > breaking-news > ai-liability-has-no-fixed-address-in-casualty-reinsurance-589307.aspx

AI liability has no fixed address in casualty reinsurance

3+ day, 1+ hour ago   (457+ words) The casualty reinsurance market already carries AI exposure. The question is whether it knows where. That is the practical challenge running through a Howden Re roundtable published at Monte Carlo. Four of the broker's global casualty leaders mapped how AI-related…...

Insurance Business
insurancebusinessmag.com > uk > news > sme > 25-years-after-911-terrorism-cover-still-has-blind-spots-589322.aspx

25 years after 9/11, terrorism cover still has blind spots

2+ day, 19+ hour ago   (704+ words) Twenty-five years after the September 11, 2001, attacks, terrorism insurance faces a problem at both ends of the market. The boundary between terrorism, political violence and war is becoming harder to define, while an estimated 95% of UK small and medium-sized enterprises (SMEs)…...

Insurance Business
insurancebusinessmag.com > au > news > property > postcode-pricing-cannot-see-what-the-victorian-fires-revealed-589310.aspx

Postcode pricing cannot see what the Victorian fires revealed

2+ day, 17+ hour ago   (394+ words) New data from the January 2026 Victorian bushfires has given the Australian insurance industry its clearest evidence yet that postcode-level risk assessments leave a material gap in how bushfire vulnerability is measured – and how premiums are priced. Those results came from…...

Insurance Business
insurancebusinessmag.com > ca > news > auto-motor > carefirst-savings-bigger-than-expected-airb-confirms-589266.aspx

Care-First savings bigger than expected, AIRB confirms

3+ day, 4+ hour ago   (536+ words) Alberta drivers are projected to save roughly $297 annually, or 13.7%, under the province's incoming Care-First auto insurance system, according to two new reports from the Automobile Insurance Rate Board. That's a meaningfully larger figure than the $259 average savings Oliver Wyman's actuarial…...

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insurancebusinessmag.com > us > news > risk-compliance-legal > usi-insurance-employees-sue-over-voluntary-benefit-commission-selfdealing-589234.aspx

USI Insurance employees sue over voluntary benefit commission???self-dealing???

3+ day, 10+ hour ago   (167+ words) Seven employees say USI Insurance ran their benefits plan and brokered it too, collecting millions in commissions their premiums paid for. The claim sits at the heart of a proposed class action filed on September 8, 2026 in the US District Court…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > the-insurability-test-that-911-invented-is-being-run-again--this-time-on-cyber-and-ai-589166.aspx

The insurability test that 9/11 invented is being run again - this time on cyber and AI

3+ day, 17+ hour ago   (339+ words) Ask a terrorism underwriter and a cyber underwriter the same question what's the one loss that could actually break you?, and increasingly you get the same shape of answer: something that hits everyone at once, spreads faster than the policy…...

Insurance Business
insurancebusinessmag.com > nz > news > breaking-news > underinsurance-often-starts-with-the-premium-not-the-peril-589147.aspx

Underinsurance often starts with the premium, not the peril

3+ day, 8+ hour ago   (572+ words) A softening commercial property market hands clients something they have not had for most of the past decade: room in the insurance budget. What happens to that room at renewal is the decision that gets tested years later, at claim…...

Insurance Business
insurancebusinessmag.com > au > news > breaking-news > the-backstop-911-forced-australia-to-build-just-got-used-twice-in-six-weeks-589231.aspx

The backstop 9/11 forced Australia to build just got used twice in six weeks

3+ day, 8+ hour ago   (355+ words) For eleven years after Australia's terrorism reinsurance scheme opened for business, nobody ever had to use it. Then, within the space of six weeks this summer, the Australian Reinsurance Pool Corporation (ARPC) made two separate terrorism declarations - the Bondi Beach…...