Market News
Florida Property Insurance Market Turns Profitable After 8 Years
Florida's property insurance market reported its first underwriting profit in 8 years, supported by legislative reforms, stabilizing premiums, and rising competition. AM Best's report highlights financial improvements among active insurers, while noting continued high reinsurance dependence and elevated risk exposure due to the state's vulnerability to catastrophic weather events. Read More
Gallagher Re Reports Surge in InsurTech Funding with Auto, Motor Segment in Focus
Gallagher Re's Q1 2025 Global InsurTech Report highlights a 90.2 percent surge in global InsurTech funding, with auto/motor insurance receiving USD 428 million. Artificial intelligence–centered startups led investment activity, while property-casualty InsurTechs secured record funding. The report explores key players, merger and acquisition trends, and emerging technologies reshaping auto insurance. Read More
Monty Joins the Team: VCIA's AI Assistant for Captive Insurance Insight
The Vermont Captive Insurance Association (VCIA) introduces Monty, an artificial intelligence–powered assistant designed to enhance member engagement and access to captive insurance information. Trained on industry-specific content, Monty supports users with compliance guidance, educational tools, and real-time responses, streamlining information access while reflecting VCIA's commitment to innovation and evolving digital member services. Read More
Premium Growth Slows as Market Softens in Most Property and Casualty Lines
Premiums rose 4.2 percent in the first quarter of 2025, slowing across most commercial property/casualty lines. Medium accounts and lines like cyber and D&O saw rate decreases. Litigation funding drove higher commercial auto and umbrella premiums. Increased insurer competition and exposure-based underwriting defined market trends, per the Council of Insurance Agents & Brokers. Read More
D&O Insurers See Best Loss Ratio in Years Amid Evolving Risks
US D&O insurers reported their strongest loss ratios in over a decade in 2024, driven by reserve releases and prior underwriting improvements. Despite premium declines, later-year gains and stable results could spur pricing pressure. AM Best warns of risks ahead, including artificial intelligence, cyber threats, and unresolved soft-market claims. Read More