Sector books 34% decline in pre-tax operating income to $19.6bn, analysis of results by AM Best finds

Sector books 98.8% combined ratio in first quarter of the year, following $50bn of wildfire-driven insured losses

Quote-and-bind platform will initially offer energy and D&O product lines

Regulatory body says definition of AI is too broad and ban would hamper oversight of insurer models

Developers can now pursue negligent designers and contractors for legacy defect claims

Insurance association marks victories despite failure of major tort reforms bill

New directive, which seeks to remediate the congested civil trial roll, will have an impact on insurance disputes

Gene Zhang sees ‘tremendous potential’ in casualty ILS strategy to diversify capital base

Proposed laws would have limited personal injury awards and shielded trucking firms

Unit will offer property, general liability, umbrella and commercial motor covers

The development of new talent must happen at pace if the insurance industry is to meet the challenge of an expanding market

With mounting concern over potential liability exposures related to artificial intelligence, insurers are looking at ways to address the threat, such as through exclusion clauses. But legal experts warn that difficulties in defining AI can make exclusions challenging to implement