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Claims adjusting employment fell by 2,500 jobs from October to November, the steepest decline among insurance segments tracked by the US Bureau of Labor Statistics.
Other insurance categories also reported job reductions over the same period, based on the BLS’ unadjusted industry segment data. Direct...
01/13/2026 12:43 PM
In separate reports last week, AM Best and Morgan Stanley analyzed P/C insurance industry expense ratios, with one reporting a 2.4-point drop over the past decade and the other projecting another potential 2.0-point decline by 2030.
While both reports highlight the impact of AI and automation in driv...
01/12/2026 12:33 PM
In VanMar Constructors ON 1028 Inc. v Travelers Insurance Company of Canada, 2025 ONSC 6959, the Ontario Superior Court found that a performance bond action by a contractor was commenced after expiry of the bond limitation period, and dismissed the action. While the facts were straightforward, the c...
01/09/2026 01:49 PM
A surety is chasing nearly $7 million from a contractor that allegedly walked off a New Jersey public works job, leaving unpaid subcontractors behind.
Berkley Insurance Company filed suit on December 23, 2025, in the US District Court for the District of New Jersey against Tekcon Construction, Inc. a...
01/06/2026 02:13 PM
Chubb plans to trim its workforce by as much as 20% over the next three to four years as part of a groupwide digital transformation aimed at automating key insurance functions.
The initiative, outlined in an investor presentation, will roll through roughly 70% of the organization in the next three ye...
12/12/2025 03:59 PM