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Helvetia Baloise Set to Return $3.6 Billion to Investors to 2028
Helvetia Baloise Holding AG said it aims to return some 2.8 billion Swiss francs ($3.6 billion) to investors over the period to 2028, as the newly-merged insurer sets financial targets for the first time. The company proposed a dividend of …
POSTED APRIL 16, 2026 6:34 AM |
Aon Expands Data Center Lifecycle Insurance Program Capacity to $3.5B
Aon plc is expanding its proprietary Data Center Lifecycle Insurance Program (DCLP) with an additional $1 billion, increasing the program’s capacity to $3.5 billion. In addition, coverage will extend to include existing data centers coming off the first year of …
POSTED APRIL 16, 2026 5:10 AM |
People Moves: Former Verisk CEO Stephenson Joins ZestyAI Board of Directors; WTW Appoints Li to North America PPCU Consulting Team
Scott Stephenson, former chairman, president, and CEO of Verisk Analytics, joined the board of directors at ZestyAI, a San Francisco, California-based risk and decision intelligence platform for the insurance industry. Stephenson spent more than two decades at Verisk, including nine …
POSTED APRIL 16, 2026 5:04 AM |
With Falling Private Re Prices, Should Florida Let Insurers Buy Less from the Cat Fund?
For years, a segment of the Florida property insurance industry had lobbied for more access to the lower-cost reinsurance offered by the state-sanctioned Florida Hurricane Catastrophe Fund—mainly through a lowered retention, or deductible, level. Today, three years into Florida’s tort-reform …
POSTED APRIL 16, 2026 5:01 AM |
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI
The world’s largest insurance brokers recently found themselves caught in an “AI scare trade” after news that Tuio home insurance would soon be available via ChatGPT. Shares fell sharply, as investors questioned whether intermediaries could be bypassed altogether. That reaction …
POSTED APRIL 16, 2026 5:01 AM |
California Wants to Fund Green Jet Fuel — By Raiding Your Road Repair Budget
California Gov. Gavin Newsom is advancing a plan that could funnel hundreds of millions in road dollars to a struggling oil refinery—pitching it as a cleaner jet fuel initiative. The credit, drawn from funds voters designated for highways and local …
POSTED APRIL 16, 2026 5:00 AM |
With Compromise Expected, North Carolina Delays 68% Dwelling Rate Hike Hearing
Citing progress on a potential compromise with the insurance industry’s rate bureau, North Carolina Insurance Commissioner Mike Causey has rescheduled a hearing on proposed dwelling insurance rate increases from May 4 to July 6. The North Carolina Rate Bureau is …
POSTED APRIL 16, 2026 5:00 AM |
Wildfire Mitigation Designation Program Now Available in Florida
An insurance industry supported wildfire mitigation designation program has been expanded into 10 additional high-risk states with Florida being one. The expansion comes at a time when Florida is experiencing widespread drought conditions and state officials are concerned that the …
POSTED APRIL 16, 2026 5:00 AM |
Florida Surgeon Faces Manslaughter Charge for Allegedly Removing Wrong Organ
A grand jury indicted a Florida doctor on a manslaughter charge for allegedly removing a patient’s liver instead of his spleen during a 2024 surgery. The prosecutor for the First Judicial Circuit on Monday announced the charge of second-degree manslaughter …
POSTED APRIL 16, 2026 5:00 AM |
On Second Thought, Maryland Won’t Expand P/C Claims History Rule
The Maryland Insurance Administration (MIA) has withdrawn a proposal opposed by insurers that would have expanded to commercial lines a provision requiring insurers to disclose if they consider claims history for purposes of canceling or refusing to renew coverage. The …
POSTED APRIL 16, 2026 5:00 AM |
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