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Insurance Business

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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insurancebusinessmag.com > us > news > cyber > aig-taps-15year-veteran-to-head-cyber-and-professional-liability-in-north-america-585687.aspx

AIG taps 15-year veteran to head cyber and professional liability in North America

1+ mon, 1+ day ago   (341+ words) and officers (D&O) market has recorded four consecutive years of premium decline. Direct premiums fell...

@InsuranceBizAU
insurancebusinessmag.com > au > news > cyber > fiig-fined-2-5-million-over-cyber-security-failures-565027.aspx

FIIG fined $2.5 million over cyber security failures

7+ mon, 1+ day ago   (468+ words) A major data breach that exposed thousands of investors’ personal details has led to a $2.5 million penalty against FIIG Securities Limited, after the Federal Court found the firm breached its Australian Financial Services (AFS) licence obligations in relation to cyber…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > commercial-rates-fall-for-9th-straight-quarter-but-casualty-rises--aon-585442.aspx

Commercial rates fall for 9th straight quarter, but casualty rises — Aon

1+ mon, 3+ day ago   (401+ words) Global commercial insurance rates are still falling, but the latest data from Aon and Marsh pointed to a market splitting in two, and brokers treating it as a single softening trend risk mispricing the advice they give clients at renewal....

@InsuranceBizUS
insurancebusinessmag.com > us > news > risk-management > ferma-launches-next-gen-risk-council-565266.aspx

FERMA launches Next Gen Risk Council

6+ mon, 3+ week ago   (260+ words) A new European council of young risk and insurance managers will examine future threats, culminating in findings presented at the 2026 Forum in Rotterdam. The Federation of European Risk Management Associations (FERMA) has announced the launch of its Next Gen Risk…...

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insurancebusinessmag.com > asia > news > cyber > coupangs-record-fine-dwarfs-koreas-cyber-insurance-floor-584390.aspx

Coupang's record fine dwarfs Korea's cyber insurance floor

1+ mon, 1+ week ago   (631+ words) South Korea's data protection watchdog handed down a ₩624.7 billion fine against Coupang in June, the largest data protection penalty in the country's history — more than 600 times the ₩1 billion minimum insurance coverage still required of major data holders. At the same…...

Insurance Business
insurancebusinessmag.com > us > news > cyber > fiesta-insurance-took-a-year-to-identify-breached-customer-data--report-583647.aspx

Fiesta Insurance took a year to identify breached customer data - report

1+ mon, 2+ week ago   (397+ words) Insurance Franchise Corporation spent more than a year investigating a cybersecurity incident before determining...

Insurance Business
insurancebusinessmag.com > us > news > property > american-integrity-posts-record-q2-as-litigation-reforms-pay-off-585854.aspx

American Integrity posts record Q2 as litigation reforms pay off

1+ mon, 23+ hour ago   (356+ words) posted a combined ratio of 63.4%, down from 72.9% a year earlier. Gross premiums written reached $326.6 million,...

Insurance Business
insurancebusinessmag.com > au > news > breaking-news > ibccc-puts-renewal-failures-at-centre-of-2025-breach-data-579073.aspx

IBCCC puts renewal failures at centre of 2025 breach data

2+ mon, 3+ week ago   (701+ words) communication quality, and disclosure gaps defined the year Renewal timeframe failures accounted for nearly...the Insurance Brokers Code of Practice across the year. Those breaches affected 14,842 clients, while complaints rose from the prior year to reach 3,133 – meaning both breach volumes…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > dual-targets-500m-gwp-as-transactional-risk-practice-goes-global-582293.aspx

DUAL targets £500m GWP as transactional risk practice goes global

1+ mon, 4+ week ago   (503+ words) historic notification and payout levels in the same year. A market that has absorbed claims experience and...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > pricing-relief-cannot-disguise-rising-hnw-exposures-pure-president-585019.aspx

Pricing relief cannot disguise rising HNW exposures: PURE President

1+ mon, 1+ week ago   (873+ words) pricing are all evolving,” said Logan. “For this year, our total homeowners rate increase countrywide...losses during 2025, a 26% increase from the previous year. The average reported loss was $20,699, while complaints...

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