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News
Connecticut cuts 2027 health rate hikes, increases still in double digits
17+ hour, 37+ min ago (448+ words) The Connecticut Insurance Department has finalized 2027 rate decisions for fully insured individual and small group health plans, approving an average 11.3% increase in the individual market and 15.1% in the small group market. Both figures came in below what insurers originally requested,…...
What happens when a home insurance policy contradicts itself over a new boat
3+ day, 7+ hour ago (583+ words) A recent Ontario court decision is a reminder that boat owners cannot simply assume their homeowner's or cottage insurance automatically extends to a new watercraft, according to Adam Wagman (pictured), partner at Howie, Sacks & Henry LLP, who represented the family…...
Builders’ risk ends where? Brokers face data center handoff puzzle
4+ day, 7+ hour ago (535+ words) Brokers working on large data center developments may need to arrange the transition from builders’ risk to operational property coverage much earlier, as phased projects blur the point at which construction ends and normal operations begin. The immediate insurance question…...
Who really benefits from NFIP's $2.6bn annual subsidy?
4+ day, 9+ hour ago (722+ words) The reform is working as designed. Over half of NFIP policies now pay full-risk premiums, up from one-third in December 2022, according to the report. The 1.5 million policies still below full risk (42 percent of the program) carry a combined annual subsidy…...
The uninsurable coastline: Australia’s growing coverage gap
4+ day, 2+ hour ago (765+ words) Read together, the two reports describe a protection gap that is already widening and will accelerate as sea levels rise. Read next: Insurers must brace for US$171 billion in annual cat losses, study finds Residential property insurance in Australia explicitly…...
Accidental cause finding clears path for major Tasmanian power station fire claim
4+ day, 6+ hour ago (313+ words) The Tasmania Fire Service has determined that the fire which gutted the Tungatinah Power Station in Tasmania's Central Highlands last week was accidental. The finding removes the most significant obstacle to what is shaping up as one of the largest…...
iA Financial doubles its philanthropic contest prize pool to $1 million
4+ day, 16+ hour ago (430+ words) iA Financial Group is marking the 10th anniversary of its Philanthropic Contest with its largest-ever prize pool -- $1 million split among charities supporting young Canadians, with four grand prize winners receiving $200,000 each and the remainder distributed among other finalists. That's roughly double…...
Florida court won't void Progressive's UM/UIM policy despite unauthorized settlement
5+ day, 3+ hour ago (449+ words) Progressive tried to void a $500,000 auto policy after its customer settled without its permission - and a Florida appeals court said no. The decision, handed down on September 9, 2026 by Florida's Fourth District Court of Appeal, is a useful reminder for claims…...
An airboat crash in croc-infested waters
4+ day, 20+ hour ago (493+ words) A Federal Court judge's intervention into a horror Northern Territory airboat crash made headlines last week. But for the insurance market, the more useful story sits in a separate fight in the same court file: an insurer's refusal to indemnify…...
IMA appoints healthcare P&C specialist as national practice head
5+ day, 4+ hour ago (373+ words) Adamson comes from Alera Group, where she spent 12 years leading the property and casualty practice for HealthSure, a specialty unit built around healthcare sector clients. That P&C background, rather than a benefits pedigree, is the detail that defines what…...