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News
Warren Presses Insurance Watchdogs for Answers Amid Walter Probe
9+ hour, 41+ min ago (462+ words) U.S. Senator Elizabeth Warren is pressing the National Association of Insurance Commissioners to explain how it’s policing Wall Street firms’ influence over insurers and their bets on private credit, saying a probe of Mark Walter’s businesses raises questions about regulatory gaps....
IBBI seeks stronger safeguards for personal guarantors
10+ hour, 6+ min ago (173+ words) Daily Pioneer IBBI seeks stronger safeguards for personal guarantors The insolvency and bankruptcy regulator has proposed changes to the norms governing the insolvency resolution process for personal guarantors to corporate debtors, including the exclusion of related parties of the guarantor…...
Oriental Insurance hopes to turn corner in FY27
9+ hour, 30+ min ago (151+ words) Daily Pioneer Oriental Insurance hopes to turn corner in FY27 On the occasion, the company launched a range of innovative products and initiatives for its customers. Nachiketa and the Lord of Death Kautilya and the War for the “Mindscapes” SEBI’s expiry-day…...
AI Data Centers Are on Track to Fuel 'Explosive' Growth in Captive Insurance
9+ hour, 31+ min ago (800+ words) A form of self-insurance often associated with mining, oil and other environmentally risky sectors is quietly transforming the market for physical-risk coverage, thanks to the rise of mega AI data centers. Captives — whereby firms sidestep traditional insurers and instead set…...
Why rebuild cost reviews are also an E&O issue for brokers
13+ hour, 55+ min ago (481+ words) The brokerage argues this exposes homeowners to co-insurance clause penalties that can reduce claim payouts even on partial losses, and points to rising construction costs as the underlying driver. "We're seeing this constantly in client feedback right now: people who…...
Insurance moves: Ameritas and ANV
14+ hour, 10+ min ago (528+ words) Two insurance organizations announced leadership changes this week. Below is a roundup of the moves, with a look at what each means for brokers and producers. Ameritas has promoted Shannon Berry (pictured, left) to senior vice president of sales and…...
Why one IT consultancy thinks AI insurance stays a niche through 2028
14+ hour, 25+ min ago (280+ words) ScienceSoft, a McKinney, Texas-based IT consulting and software development firm, has published research projecting that by 2028, 60% to 80% of new policies and renewals in errors and omissions, directors and officers, employment practices liability, and cyber insurance will factor AI risk into…...
Howden hires Aon veteran for South Wales commercial team
9+ hour, 39+ min ago (199+ words) Howden's South Wales commercial division has appointed Mathew Price (pictured) as an account executive, continuing the broker's investment in its regional team. Price joins from Aon, where he spent six years working with a diverse book of clients. In his…...
Zurich UK names Anita Gabat as head of commercial insurance
9+ hour, 56+ min ago (314+ words) Zurich has appointed Anita Gabat (pictured) as head of commercial insurance in the UK, subject to regulatory approval. Gabat currently serves as head of property in Zurich's UK commercial business and will take on responsibility for the full commercial insurance…...
Global: Life insurers under pressure as 42% of consumers are confused and unconvinced
12+ hour, 28+ min ago (348+ words) Life insurance is facing a relevance challenge as 47% of consumers participating in a global survey say they are considering purchasing a life insurance policy, yet more than 40% of those feel confused, uncertain, or unconvinced with the information they find. As…...