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News
Capital glut squeezes Kinsale's property line
5+ hour ago (844+ words) Competition in the excess and surplus property market cut into Kinsale Capital Group's premium volume in the second quarter, with commercial property division premiums down 32.7% even as overall earnings rose. Kinsale said gross written premiums fell 5.0% to $527.6 million, and net…...
Florida homeowners insurance lawsuit share drops to 41% after reform push
4+ day, 46+ min ago (417+ words) The report, published twice yearly, tracks litigation practices, premium trends, market profitability, and reinsurance conditions across Florida's residential property insurance market. The OIR said 21 new companies have been approved to write residential property policies in Florida since the reforms took…...
Marsh figures show US rates bucking global trend
4+ day, 4+ hour ago (323+ words) Commercial insurance buyers are still getting a good deal. Global rates fell an average of 6% in the second quarter of 2026, according to Marsh's latest Global Insurance Market Index - the eighth quarter in a row of declines, and a bigger drop…...
Euna adds 14 extensions to construction PI cover after BSA liability shift
5+ day, 11+ min ago (309+ words) Specialist managing general agent Euna Underwriting has expanded its building and engineering contractors professional indemnity product with fourteen policy extensions. The move follows material shifts in the liability environment for construction professionals since key provisions of the Building Safety Act…...
Korean insurers to pull family certificates directly from government data platform
5+ day, 14+ hour ago (616+ words) Insurance Business Korean insurers to pull family certificates directly from government data platform The shift closes a gap between statutory obligation and operational reality South Korea’s insurance sector has taken a step toward eliminating one of its most routine administrative…...
European insurers' solvency ratio rises to 218% as growth steadies
6+ day, 1+ hour ago (573+ words) Europe's largest insurance groups are growing again, just not at the pace that turned heads in 2024. The continent's top 20 posted combined premium income of €922.8 billion in 2025, up 4.57%, as growth more than halved from the 10.28% recorded the previous year, according to…...
US commercial property rates fall for first time since 2017, Alliant finds
6+ day, 18+ hour ago (579+ words) Commercial property premiums fell 1.2% across all account sizes in the first quarter of 2026, the first decline since the third quarter of 2017, according to Alliant Insurance Services' 2026 Mid-Year Insurance Marketplace Insights and Observations Report. The report, now in its ninth edition,…...
South Korea health insurance fund used to bankroll doctor standoff
6+ day, 15+ hour ago (583+ words) Insurance Business South Korea health insurance fund used to bankroll doctor standoff A budget office report raises questions about who should foot the bill A healthcare system in crisis The financial pressure traces back to February 2024, when the government announced…...
Korea's Hanwha General backs paediatric mental health care initiative
1+ week, 3+ day ago (626+ words) Insurance Business Korea's Hanwha General backs paediatric mental health care initiative Partnership reflects a general insurers’ growing role as healthcare gaps widen A mid-tier South Korean non-life insurer has stepped into territory long occupied by government agencies and hospital foundations…...
South Korea expands insurance incentives for smart factory manufacturers
1+ week, 4+ day ago (609+ words) Insurance Business South Korea expands insurance incentives for smart factory manufacturers Premium discounts reinforce a broader policy push linking insurance with SME digital transformation South Korea’s Korea Federation of Small and Medium Enterprises (KBIZ) announced July 14 that it will extend…...