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Allianz confirms hundreds of job cuts as AI reshapes insurance
The irony sitting inside Allianz’s own results What makes the Allianz case notable for insurance professionals specifically is the company’s parallel identity as the sector’s AI standard-bearer. Weeks before confirming the job losses, Allianz was named number one in the 2026 Evident AI Index for Insurance, ahead of 29 competitors, with a talent pool 28% […]
Insurance futurist says AI is leveling, not disrupting, the field
Artificial intelligence is reshaping insurance underwriting and claims, but it is strengthening the role of agents and brokers rather than eliminating it, according to Rob Galbraith (pictured), founder and chief executive officer of Forestview Insights, an independent insurance consulting, research and training firm. Galbraith, author of The End of Insurance
Allstate announces quarterly dividend payable Oct. 1, 2026
NORTHBROOK, Ill., July 8, 2026 – The Allstate Corporation (NYSE: ALL) announced today its board of directors approved a quarterly dividend of $1.08 on each outstanding share of the corporation’s common stock to be payable in cash on Oct. 1, 2026, to stockholders of record at the close of business on Aug. 31, 2026. Financial […] The post Allstate announces qu
Aventum Group’s ecosystem: turning to bespoke AI to scale specialty lines
Aventum’s technology overhaul is centred on a proprietary platform called ATOMX, built entirely in-house and designed to power the full lifecycle, from data ingestion and workflow management through to product distribution. According to Aventum, the platform is expected to save 1,000 staff hours monthly and reduce costs by more than US$2 million annually – b
Four more models take home Top Safety Pick+ awards in latest IIHS ratings
Vehicles from Audi, BMW, Mazda and Subaru qualify for the highest award. By July 9, 2026 Four more 2026 models, the Audi A6, BMW X1, Mazda CX-5 and Subaru Crosstrek Hybrid, take home Top Safety Pick+ awards in the latest round of ratings from […] The post Four more models take home Top Safety Pick+ awards in latest IIHS ratings appeared first on InsuraCareLi
Arch Insurance rolls out group benefits suite amid employer cost pressures
The cost-shifting dynamic driving demand Mercer’s 2025 National Survey of Employer-Sponsored Health Plans projects health benefit costs will rise 6.5% per employee in 2026, the steepest increase in 15 years. Without plan changes, average cost growth would have approached 9%. The survey, covering more than 1,700 US employers, found 59% plan to make cost-cutti
Brown & Riding launches HNW practice as wealth outpaces coverage
Brown & Riding has launched a national private client practice to help retail agents place high-net-worth personal lines risks into a market where the two forces shaping demand are moving in opposite directions. The US minted more than 440,000 new millionaires in 2025 – over 1,200 per day and nearly half of all new millionaires […] The post Brown & Riding la
Class action investigation launched following AssuranceAmerica data breach
The intrusion itself followed the most common pattern in the sector. AssuranceAmerica first detected suspicious activity on March 17, 2026, and traced it to a targeted attack on a single employee the day before, consistent with a credential-stealing phishing technique. An unauthorized third party gained access to the company’s systems and copied a number of
Gallagher’s RPS buys Med James to extend wholesale reach across six states
The geographic logic of the deal is specific. Med James is based in Overland Park and operates from five additional offices in Springfield, Missouri; Little Rock, Arkansas; Las Vegas, Nevada; Colorado Springs, Colorado; and Phoenix, Arizona – a six-state footprint spanning the Mid-South and Mountain West where admitted carrier retreat from transportation, ga
Pure Insurance gains FM’s engineering model in high-value home push
The partnership arrives at a specific moment of market stress. Admitted carriers have retreated aggressively from high-value personal lines in California, Florida and Texas – the three states with the highest concentrations of high-net-worth households – pushing affluent personal lines into the surplus market at the moment demand is accelerating. Some wealth