Michelle Andrews When Jeannine Urban went in for a checkup in November, she had her doctor’s full attention. Instead of typing on her computer keyboard during the exam, Urban’s primary care physician at the Penn Internal Medicine practice in Media, Pennsylvania, had an ambient artificial intelligence scribe take notes. At the end of the 30-minute visit, Urban’s doctor showed her the AI summary of the appointment, neatly organized into sections for her medical history, the physical exam findings, and an assessment and treatment plan for her rheumatoid arthritis and hot flashes, among other details. The clinical note, which Urban could…
Author: Awais
Despite the significant Los Angeles wildfire losses at the start of 2025, reinsurance pricing at the January 1, 2026, renewals came in softer than anticipated just months ago. According to Moody’s Ratings, the combination of those losses failing to provide price support and a benign Atlantic hurricane season led to a more pronounced softening in property catastrophe rates than earlier market sentiment suggested.Pricing at 1/1 2026 declined significantly in property and across most specialty lines. However, according to Moody’s Ratings, this downward shift was fueled by a record supply of reinsurance capital, driven by several years of strong earnings, robust…
President Donald Trump signed an executive order that allows the federal government to preempt state and local regulations in the recovery efforts of last year’s Los Angeles wildfires, blaming the destruction and its slow rebuilding on California’s authorities. “Immediate and decisive federal action is required to ensure that federal disaster assistance is delivered and utilized swiftly, effectively, and without obstruction by state and local governments,” according to the executive order. Related: The Return Period for An LA Wildfire-Scale Event May Be Shorter Than You Think Nearly 40,000 acres were burned in the Eaton and Palisades wildfires last January, killing at…
New international chapters and visuals show where Marsh is stretching, and where conditions are tightening. While the US and Canada still generate the majority of the leading international brokerages revenue, the report maps growing complexity and activity across EMEA, Asia-Pacific, Latin America, and the Middle East. Updated figures track regional revenues, employment, and build-outs in UK specialty lines, high-growth Asia-Pacific hubs, Canada’s climate-stressed property markets, advisory expansion in the Gulf and Brazil and other locales increasingly important to Marsh.
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Elevance became the second major insurer to predict declining revenue in 2026 on Wednesday, as for-profit payers continue to shave off members to try and recover margins. The Indianapolis-based insurer estimated its operating revenue will drop by a low-single digit percentage next year. The guidance comes one day after UnitedHealth forecast an annual revenue decline for the first time in more than three decades, sparking a selloff of managed care stocks that continued into Wednesday. Elevance also projected adjusted diluted earnings per share…
Broker WTW announced it has completed the acquisition of Newfront, a top 40 U.S. broker combining deep specialty expertise and cutting-edge technology. The acquisition is expected to expand WTW’s middle-market reach in specialties such as technology, fintech, and life sciences. WTW said San Francisco-based Newfront has built a broking platform supported by a growing producer base, proprietary client-facing technologies, and the use of advanced automation and agentic AI. “Combining Newfront’s cutting-edge, technology-enabled broking model and expertise in high-growth industries with WTW’s global footprint, specialty strategy and established analytics and broking platforms will enhance our delivery of innovative and efficient solutions…
Autonomous trucking startup Gatik AI Inc. signed a deal with a major consumer-goods company that will double its contracted revenue to $600 million over five years, helping the self-driving technology developer build out its business shipping goods in the US and Canada. “This isn’t a demo, isn’t a pilot, it is a sustained commercial deployment at scale,” Gatik co-founder and Chief Executive Officer Gautam Narang said in an interview, without identifying the new partner company. “By the end of this year, we expect to have hundreds of trucks that would be revenue generating that would be driver-out as well.” The…
On January 27, 2026, the Trump administration released details of the latest expansion of the Mexico City Policy, a policy he reinstated in January of last year. The policy, which has been in effect, depending on the party of the President, since 1984, has required foreign non-governmental organizations (NGOs) to certify that they would not “perform or actively promote abortion as a method of family planning” using funds from any source (including non-U.S. funds) as a condition of receiving U.S. government global family planning funding. In 2017, President Trump reinstated the policy but also significantly expanded it to encompass the vast majority of…
CRC Group Names DeJesus and Woita to Underwriting Leadership Joe DeJesus Austin Woita CRC Group hired Joe DeJesus and Austin Woita to its CRC Specialty Underwriting leadership team. DeJesus joined CRC Specialty as an underwriting team leader, based in Sacramento, California. DeJesus has a background in brokerage leadership and underwriting support, with experience guiding complex placements and mentoring teams. Woita has also joined CRC Specialty as an underwriting team leader, and he is a member of the Denver, Colorado team. He has experience in wholesale distribution, excess and surplus lines and national agency engagement, with a strong focus on aligning…
In March of 2025 a well-known dentist’s office exploded in the town of Evergreen, Alabama, near the Florida line. Today, the owner of that office, a dentist described as “very successful” and a “very nice guy,” is in jail, charged with arson and insurance fraud in connection with the explosion and fire. Dr. Douglas P. O’Connor, who turns 56 in February, “did knowingly and unlawfully commit the crime of insurance fraud by knowingly and with intent to defraud, conceal material information” presented to his property insurance company, reads the arrest warrant, filed in District Court in Conecuh County. O’Connor intentionally…
Artificial intelligence has become the loudest conversation in insurance innovation, but at CRC Group, the focus is less on hype and more on where technology genuinely improves outcomes. For David Hurst (pictured), chief technology and innovation officer, the question is not whether AI will transform insurance, but how to deploy it in ways that reduce friction, prove value and strengthen long-term competitiveness across a complex wholesale and underwriting platform.
Credit fund Enosis Capital has sealed an agreement with AXA XL for the insurance giant to provide crucial cover for a new $3 billion wave of “debt-for-nature” deals, the first of which is expected in the next six to nine months. Debt-for-nature swaps aim to help poorer countries spend more on under-threat ecosystems such as coral reefs or rainforests by replacing costly government bonds with cheaper alternatives. Examples in Belize, Barbados and Ecuador’s Galapagos Islands have grown their popularity, but there has been a relative drought over the last year as climate-change skeptic Donald Trump’s return as president in the…
Coalition introduced its Private Equity Practice, a tailored cyber insurance solution with advanced cyber risk management tools and customized coverage. Announced Jan. 27, the new practice, developed with PE-focused brokers, is bespoke for PE firms, sponsors, general partners, and their portfolio companies to help them manage cyber risks from deal screening through exit. “In private equity, a single cyber incident at one company can affect the entire fund,” said Shawn Ram, Coalition’s chief revenue officer. “That’s why investment and risk teams need visibility into the biggest cyber issues affecting both target companies and their entire portfolios.” Marcin Weryk was named…
Caresse Jackman, InvestigateTV After Susannah Reed-McCullough’s husband died in 2018, she and their young daughters continued to receive health insurance through his job as a firefighter in Maryland. Then, in 2024, she got an unexpected medical bill: $377 for a checkup for one of her children the previous fall. Reed-McCullough said she called the doctor’s billing department and learned the insurance company had dropped the children’s coverage. The drop turned out to be a mistake. But Reed-McCullough said she was forced to act as the go-between for her late husband’s human resources department and their insurer — all while worried…