News
Greg Smith elected president of the Insurance Institute of Ontario
8+ hour, 12+ min ago (365+ words) The Insurance Institute of Canada announced the election of Greg Smith (pictured) as president of the Insurance Institute of Ontario." Smith is president of Crawford & Company (Canada) Inc. , a global organization that provides claims management and outsourcing solutions to insurance,…...
Global insurance premiums climb 7. 1% as growth cools
2+ hour, 35+ min ago (814+ words) The global insurance industry grew by 7. 1% in 2025. The total premium pool reached "6. 9 trillion, with "456 billion added during the year. Growth moderated from the exceptional 9. 4% recorded in 2024 but remained above the ten-year average growth rate of 5. 6%. The figures come from Allianz…...
APCIA backs House action on seven-year TRIA reauthorization
8+ hour, 46+ min ago (289+ words) The American Property Casualty Insurance Association has applauded House consideration of H. R. 7128, the TRIA Program Reauthorization Act, which would extend the Terrorism Risk Insurance Program for seven years and preserve a backstop that commercial insurers and policyholders have relied on for…...
Homeowners fear fire, but water damage drives the real claims risk - PEMCO poll
4+ hour, 48+ min ago (499+ words) Insurance Business Homeowners fear fire, but water damage drives the real claims risk - PEMCO poll A perception gap creates a renewal conversation opportunity ahead of peak travel season More than half (51%) of Washington and Oregon residents worry something could happen…...
Principal Insurance posts 16. 5% profit rise as Europa deal reshapes growth outlook
4+ hour, 3+ min ago (372+ words) Principal Insurance has reported a 16. 5% rise in post-tax profits for its financial year 2024-25, which ended October 31, 2025, with earnings reaching812, 113. Turnover rose to just under7 million, while EBITDA increased by 15% to710, 000. Managing director Dave Bowcock (pictured) said the results were "more than satisfactory, driven…...
Marsh appoints Teresa Palandra as Canada CEO
9+ hour, 42+ min ago (460+ words) Marsh has announced the appointment of Teresa Palandra (pictured)as Canada CEO, in addition to her current role as president of Mercer Canada, effective August 1, 2026. Palandra will continue to be based in Toronto and will report to Pat Tomlinson, president…...
Allstate complaint alleges equipment firms rotated billing to mask fraud
19+ hour, 44+ min ago (395+ words) Allstate has sued a cluster of medical-equipment companies in federal court, alleging they billed it for gear patients never needed." Filed June 26, 2026, in the Eastern District of New York, the complaint names eight durable medical equipment (DME) companies - suppliers of…...
AI got you into this " but humans will get you out
23+ hour ago (621+ words) It's 3am. Your systems are down, your data is gone and somewhere on the dark web a countdown clock is ticking. You contact your insurer - and get put through to an automated system. It's a living nightmare - for all too many…...
Gig work is booming - so why are injured workers still falling through the cracks?
23+ hour, 1+ min ago (737+ words) As lawmakers across the United States revisit how gig workers should be protected on the job, the debate is increasingly focused on one central question - can workers realistically maintain the flexibility that attracts them to app-based work while also receiving…...
Half of New Zealanders fear losing access to home insurance
13+ hour, 16+ min ago (831+ words) Insurance Business Half of New Zealanders fear losing access to home insurance New Zealanders know what needs to change The Reserve Bank of New Zealand (RBNZ) placed insurance affordability on its financial stability risk register for the first time in…...