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News
Judge upholds ruling that ArcLight unit never sought coverage
1+ day, 20+ hour ago (276+ words) A Delaware court declined to reopen a coverage dispute, standing by its ruling that one company never actually asked its insurer to defend it. On August 13, 2026, the Superior Court of Delaware denied a motion for reconsideration filed by a group…...
Bloomberg calls to cut broker insurance commissions
1+ day, 12+ hour ago (644+ words) Insurance Business Bloomberg calls to cut broker insurance commissions Editorial board says California's fire insurer of last resort should pay agents less, or nothing, as its exposure nears $770 billion California's home insurance crisis has produced plenty of proposed fixes over…...
ASIC moves to preserve claims-handling relief for brokers
1+ day, 14+ hour ago (365+ words) Australian brokers, authorised representatives and other insurance businesses could avoid additional notification and disclosure requirements under an ASIC proposal to extend eight legislative instruments due to expire in 2027. For brokers operating under Australian Financial Services (AFS) licensing arrangements, the key…...
Gallagher Bassett names SA GM as claims model expands
1+ day, 15+ hour ago (407+ words) Gallagher Bassett has appointed Shelley Reynolds (pictured) as general manager for South Australia, putting permanent leadership in place at one of the state’s two claims-agent operations as the company continues to develop and expand claims practices first used in the…...
Second UK derailment in 24 hours
1+ day, 19+ hour ago (489+ words) Insurance Business Second UK derailment in 24 hours Another train has left the tracks – emergency services are on the scene British Transport Police said officers have been called to the scene just south of Wickford station shortly after 2pm following reports that…...
Major fire claim tests business continuity cover
1+ day, 16+ hour ago (249+ words) The fire started when heat from welding work ignited the site's pasteurising area. All manufacturing halted immediately, threatening the company's supply contracts and revenue. Reinstatement costs exceeded the building's sum insured, and the claim spanned multiple policy sections, requiring coordination…...
Private health device costs leave $1.1 billion savings gap
1+ day, 16+ hour ago (555+ words) Australia’s private health insurers could have another significant cost lever as rising claims feed into premiums, with new analysis estimating a $1.1 billion annual gap between private and public-sector medical device costs. The issue is what further reform could mean for…...
Disability hiring push meets insurance's talent crunch
1+ day, 16+ hour ago (280+ words) Insurance Australia Group has welcomed its 50th intern through the Australian Disability Network's internship program, a milestone the insurer says reflects nearly a decade of work to build accessible hiring pathways since the partnership began in 2017. IAG marked the achievement by…...
Final days to nominate: Who should be in the 2027 Hot 100?
2+ day, 2+ hour ago (189+ words) In an industry that never stands still, the professionals who truly make an impact don’t wait to be noticed - they earn it through results, leadership, and influence. With nominations for Insurance Business America’s 2027 Hot 100 now entering their final days, there’s…...
Simplicity beats price in closing the SME cyber insurance gap
2+ day, 2+ hour ago (1012+ words) Most small business owners still believe they are too small to attract a cyberattack. In reality, SMBs experienced four times more confirmed breaches than large organizations in 2024, according to Verizon's 2025 Data Breach Investigations Report. Christiaan Durdaller, national cyber and technology…...