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Moody’s Global P/C Outlook Now Stable Despite Past-Peak Commercial Pricing

Insurance Journal

Moody’s Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. As for commercial P/C insurance, … and UK as a reason for the upgrade.

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Applied Systems Acquires AI Platform for Insurance Planck

Insurance Journal

Insurance software firm Applied Systems reports that it has acquired Planck, a leading artificial intelligence (AI) company for the insurance industry. Planck provides an AI-based data platform for commercial insurance. It works with US insurance companies, helping them streamline the …

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Viewpoint: Strike’s Duration Will Determine Impact on P/C Insurance Industry

Insurance Journal

The International Longshoremen’s Association (ILA) went on strike on Tuesday, Oct 1. The strike is expected to affect more than 20 ports along the Eastern Seaboard and Gulf Coast, including the ports of New York and New Jersey, Baltimore and …

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P/C Market Profit Improvement Expected to Continue Through 2026: Triple-I, Milliman

Insurance Journal

The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to continue its run of premium growth and improved underwriting results over the next 2 years. According to a report from …

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State Residual Markets See Policy Count Double in 5 Years: AM Best

Insurance Journal

According to insurance industry ratings firm AM Best, the policy counts of personal and commercial property Fair Access … State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%.

Policy 264
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Does Commercial Property Insurance Cover Water Damage?

Tosten Marketing

Water damage can wreak havoc on commercial properties, leading to costly repairs and business disruptions. At Tosten Marketing, we often hear from business owners wondering about their insurance coverage for such incidents. Commercial property insurance water damage coverage is a complex topic with many nuances.

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Viewpoint: Are You Covered for AI Risks?

Insurance Journal

The insurance industry is not immune from these impacts; it has been affected by AI in countless ways – from the use of … You can’t go anywhere without hearing about the impact of generative artificial intelligence on … well, everything.

Risk 264