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Connecticut regulator advances sale prep for troubled PHL Variable
[ad_1] Over a dozen firms reviewing documents in effort to secure solvent exit [ad_2] Source link

Climate events and litigation costs drive insurance rate increases – report
[ad_1] Wildfires reverse rate moderation After signs of stabilization in 2024, the commercial property market experienced renewed pressure following major wildfire events. In January, the Palisades and Eaton Fires in Los Angeles County destroyed more than 16,000 structures, quickly depleting reinsurers’ catastrophe budgets for the year. Though 2024 reinsurance renewals were broadly favorable, the early…

Cowbell expands cyber platform with 30+ integrations
[ad_1] This includes cloud platforms such as AWS, Azure, and Google Cloud Platform; vulnerability scanners like Tenable, Qualys, and Rapid7 InsightVM; endpoint protection tools including CrowdStrike, SentinelOne, and Sophos; identity and access management systems such as Okta, Microsoft Entra, and Arnica; and compliance tools including Qualys Policy Compliance and Security Studio. [ad_2] Source link

What Trump’s 90-day tariff reprieve means for the global insurance market
[ad_1] The US back-down on tariffs will have some short (and long-term) effects [ad_2] Source link

Term life policies rise as others decline
[ad_1] Seniors propel market growth The most striking trend emerged in the senior population, with ages 71 and older experiencing remarkable expansion. This age group posted a substantial 21.2% year-over-year increase in life insurance applications, marking the second consecutive month of double-digit growth. Immediately preceding this bracket, individuals aged 61-70 also demonstrated positive momentum, registering…

Markel launches cyber coverage for indirect war losses
[ad_1] Elsewhere, Markel launched FintechRisk+, an insurance policy tailored for fintech companies. This policy offers comprehensive coverage, including financial services and technology liability, directors and officers (D&O) liability, theft, and cyber protection, with limits up to $20 million. [ad_2] Source link