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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
Rebuild costs outpace inflation, exposing sum insured gaps
1+ week, 5+ day ago (465+ words) The analysis, published as part of the ICA's annual Insurance Catastrophe Resilience Report, draws on Cotality's Cordell Construction Cost Index (CCCI). It shows building costs rose around 30% in the five years to March 2026, against consumer price index growth of about 24% over…...
AXA XL names a loss-sensitive casualty specialist as umbrella capacity stays constrained
3+ week, 3+ day ago (333+ words) AXA XL has appointed Kerry Vitolano to lead its US risk management business as casualty remains an outlier in an otherwise softening US commercial insurance market. Vitolano has been named head of East, US risk management and Head of US…...