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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 > ca > news > marine > what-happens-when-a-home-insurance-policy-contradicts-itself-over-a-new-boat-589383.aspx

What happens when a home insurance policy contradicts itself over a new boat

2+ day, 6+ min ago   (583+ words) A recent Ontario court decision is a reminder that boat owners cannot simply assume their homeowner's or cottage insurance automatically extends to a new watercraft, according to Adam Wagman (pictured), partner at Howie, Sacks & Henry LLP, who represented the family…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > insurance-moves-carbon-underwriting-liberty-mutual-mosaic-and-5star-life-589406.aspx

Insurance moves: Carbon Underwriting, Liberty Mutual, Mosaic and 5Star Life

2+ day, 8+ hour ago   (482+ words) Carbon Underwriting has named Phil Wooldridge (pictured, left) head of US casualty and deputy active underwriter, effective September 28. Wooldridge joins from Gallagher Re, where he was head of reinsurance for program solutions, with prior roles as head of London US…...

Insurance Business
insurancebusinessmag.com > us > news > benefits > preventive-care-benefits-can-cut-highcost-claimants-in-half-exec-says-587722.aspx

Preventive care benefits can cut high-cost claimants in half, exec says

2+ day, 22+ hour ago   (924+ words) Rising employer healthcare costs are sharpening the business case for preventive care and the numbers are stark. "We've looked at our own populations through claims analyses, and we see when you keep people healthy, you can avoid them progressing into…...

Insurance Business
insurancebusinessmag.com > au > news > claims > insurer-claim-delays-top-complaints-again-as-brokers-report-no-change-589274.aspx

Insurer claim delays top complaints again as brokers report no change

2+ day, 14+ hour ago   (475+ words) Delay in claim handling was the most complained-about issue across every financial product handled by the Australian Financial Complaints Authority (AFCA) in 2025-26. The ombudsman recorded 119,949 complaints, the highest annual volume and the third consecutive year above 100,000. General insurance accounted for…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > a-top-assuredpartners-dealmaker-just-took-the-wheel-of-a-rival-pebacked-broker-589355.aspx

A top AssuredPartners dealmaker just took the wheel of a rival, PE-backed broker

2+ day, 22+ hour ago   (307+ words) Two personnel moves embedded in this week's industry roundup point to the same underlying story, and it is a bigger one than a leadership note usually gets. Third Wave Insurance has named Paul Vredenburg chief executive, moving founder Brian Bair…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > as-insurance-affordability-becomes-a-2026-election-issue-agents-must-deal-with-the-fallout-589340.aspx

As insurance affordability becomes a 2026 election issue, agents must deal with the fallout

3+ day, 40+ min ago   (701+ words) Insurance availability is surfacing in state races ahead of the 2026 midterm elections as homeowners confront premiums, non-renewals and coverage restrictions that increasingly affect where they can afford to live. The pressure extends beyond the most catastrophe-exposed communities. The Federal Reserve's…...

Insurance Business
insurancebusinessmag.com > us > news > life-insurance > life-insurance-has-a-conversion-problem-and-advisors-are-at-the-center-of-it-589336.aspx

Life insurance has a conversion problem, and advisors are at the center of it

3+ day, 51+ min ago   (559+ words) The World Life Insurance Report 2027 surveyed 6,175 consumers and 198 insurance executives across 18 global markets. Its conclusion is that the industry's problem is not a lack of demand. It is a failure to convert that demand into sales, and then to sustain…...

Insurance Business
insurancebusinessmag.com > us > news > catastrophe > who-really-benefits-from-nfips-2-6bn-annual-subsidy-589333.aspx

Who really benefits from NFIP's $2.6bn annual subsidy?

3+ day, 2+ hour ago   (722+ words) The reform is working as designed. Over half of NFIP policies now pay full-risk premiums, up from one-third in December 2022, according to the report. The 1.5 million policies still below full risk (42 percent of the program) carry a combined annual subsidy…...

Insurance Business
insurancebusinessmag.com > au > news > breaking-news > direct-insurer-opens-tamworth-office-in-broker-territory-589325.aspx

Direct insurer opens Tamworth office in broker territory

2+ day, 18+ hour ago   (592+ words) Achmea Farm Insurance has opened a permanent office in Tamworth, New South Wales, placing a direct insurer’s operation in a regional centre already contested by specialist agricultural brokers. The office opened on September 4, 2026, with around 50 clients, farmers, and industry stakeholders…...

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, 9+ 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…...