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Global Insurer Returns Near Record as Market Cycle Enters New Phase: Aon Analysis 0

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Global Insurer Returns Near Record as Market Cycle Enters New Phase: Aon Analysis

Dublin, Ireland (Aug. 28, 2026) – Aon, a leading global professional services firm, has released new analysis showing that global property and casualty insurers are entering a next phase of the market cycle from a position of strength and have an opportunity to convert recent profitability gains into long-term competitive advantage. The analysis marks the start of Aon’s Reinsurance Renewal Season, which helps insurers turn capital into growth. Aon’s third annual analysis of 120 global property and casualty insurers found that return on average equity (RoAE) reached 16.8% in 2025 – the highest level observed since Aon began tracking the cohort in 2009. The result marked the fifth consecutive year of RoAE improvement since the 2020 downturn, and was supported by stronger underwriting income, favourable market conditions and a relatively benign catastrophe year. The findings also show that market conditions are becoming more varied: the proportion of carriers increasing their RoAE year-on-year declined from 74% to 60%, while premium growth slowed for a fourth consecutive year to 5.2%, below the decade average and less than half the level recorded in 2021. The combined operating ratio improved to 91.1% – the lowest level of the decade – although performance dispersion widened across...

Conduent Collaborates with Google Cloud to Expand Enterprise AI Strategy and Deliver GenAI-Powered eDiscovery Solution 0

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Conduent Collaborates with Google Cloud to Expand Enterprise AI Strategy and Deliver GenAI-Powered eDiscovery Solution

New GenAI capabilities for Legal Compliance & Analytics help legal teams accelerate review, reduce costs and improve defensibility at scale Florham Park, NJ (Aug. 27, 2026) — Conduent Incorporated, a global technology-driven business solutions and services company, is pleased to announce it is expanding its enterprise AI strategy by collaborating with Google Cloud and integrating Google’s Gemini models into Conduent’s Viewpoint™ platform. The collaboration represents another milestone in Conduent’s strategy to embed GenAI across its technology platforms, helping clients modernize complex, essential workflows while improving speed, quality and operational efficiency. Corporate legal departments are under increasing pressure to review growing volumes of structured and unstructured information while controlling costs, reducing risk and meeting tighter deadlines. By combining Conduent’s decades of legal operations expertise with Google Cloud’s AI technologies, organizations can analyze complex datasets faster, improve decision-making and deliver more defensible outcomes across eDiscovery and data breach response. “Enterprise AI is not about replacing expertise, it is about amplifying it,” said George Wehbe, President, Commercial Solutions, Conduent. “Legal professionals are being asked to review exponentially more information with the same resources. By combining Conduent’s legal operations expertise with Google Cloud’s AI capabilities, we’re helping clients make faster, better-informed decisions while maintaining...

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Six Convicted in Louisiana Scheme to Obtain Commercial Driver’s Licenses

Article 0 Comments Six people have been convicted in a bribery scheme that enabled more than 100 people to fraudulently obtain commercial driver’s licenses, the U.S Attorney’s Office, Eastern District of Louisiana announced. Mahmoud Alhattab, a restaurant owner, led a scheme in which Commercial Driver’s License (CDL) applicants paid him an average of $5,000 to obtain unearned CDLs. The scheme enabled applicants to bypass all three main federally-mandated steps of the CDL qualification process: the knowledge test, entry-level driver training, and the skills test. The knowledge test, administered at the Office of Motor Vehicles (OMV), is a written examination covering vehicle safety systems, emergency situations, procedures for various maneuvers, and extreme driving conditions. Passing this test results in the issuance of a commercial learner’s permit, which is required before an applicant can proceed to training and the skills test. “The convictions announced today underscore the grave danger posed by schemes that undermine the integrity of the commercial driver’s licensing process. Deliberately circumventing federally mandated safety requirements is not only unlawful—it puts everyone on our nation’s roadways at risk,” said Joseph Harris, Special Agent-in-Charge of the Department of Transportation Office of Inspector General’s Southern Region. The six defendants each pleaded guilty...

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Drought-Stricken South Dakota Ranchers Faced With Drying Wells

Article 0 Comments Each morning this summer, Gordon and Connie Howie have awoken on their cattle ranch in central Pennington County and turned on the kitchen faucet, unsure if any water will come out. “We can’t do laundry or dishes or take showers other than with a little trickle,” said Connie Howie, 76. “Other times we have a little water because it seems to come and go.” Like many ranchers and residents in rural areas of western South Dakota, the Howie family relies on a well to provide them with water for their lives and livelihood. But this year, perhaps the worst in recent memory, many shallow wells are running slow or have gone completely dry, forcing people to go to great lengths and expense to provide clean water for themselves or their livestock. Experts say several consecutive years of limited winter snow pack and a shortage of rainfall have combined with increased consumption of water to cause a decrease in the levels of some underground aquifers that are a main source of water for a large swath of the Black Hills region. The problem is most acute in areas outside the reach of pipes from municipal and rural water...

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AM Best Revises Outlook to Stable for Farm Bureau Property & Casualty Group

Article 0 Comments AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Farm Bureau Property & Casualty Insurance Company and Western Agricultural Insurance Company, both domiciled in West Des Moines, IA and collectively known as Farm Bureau Property & Casualty Group. The Credit Ratings (ratings) reflect Farm Bureau Property & Casualty Group’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). The revision of the rating outlooks to stable from negative reflects improvement in Farm Bureau Property & Casualty Group’s operating performance metrics that have been sustained over more recent periods. Results began to trend more favorably beginning in the second half of 2024, following years 2022 and 2023, which were affected adversely by inflationary trends, severe weather-related losses and unfavorable loss reserve development. Improvement has been driven largely by a stronger emphasis on rate adequacy and numerous underwriting and strategy adjustments, including but not limited to deductible changes, stricter insurance-to-value and exposure management techniques, and loss mitigation efforts. Notably, the combined ratio through...

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Louisiana Man Pleads Guilty to Burning Church

Article 0 Comments A Louisiana man has pled guilty in federal court to committing arson in connection with the malicious burning of St. John Chapel in Caldwell Parish in the early morning of March 27, 2026. Anthony Dillon Jr., 19, of Columbia, faces a mandatory minimum of five years and up to 20 years in federal prison. According to court documents, Dillon and an accomplice entered St. John Chapel intending to steal electronic equipment, including multiple television sets. After stealing several televisions from inside the church, the two ignited a fire in the administrative area of the building, using a fire accelerant within a wooden filing cabinet. A fire-accelerant canine unit alerted at the point of origin, and forensic testing confirmed the presence of an accelerant there. The fire caused extensive damage to the church’s sanctuary. U.S. Attorney Zachary A. Keller for the Western District of Louisiana made the announcement. The Bureau of Alcohol, Tobacco, Firearms, and Explosives, the Louisiana State Fire Marshal, the Caldwell Parish Sheriff’s Office, and the Federal Bureau of Investigation investigated this case. It is being prosecuted by United States Attorney Zachary A. Keller with assistance from Special Assistant U.S. Attorney S. Charlotte Farshian and Paralegal...

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Illinois Sues Repair Company for Deceptive Business Practices

Article 0 Comments Illinois Attorney General Kwame Raoul last week filed a lawsuit against ABC Plumbing, Heating, Cooling & Electric, Inc. (ABC) for its deceptive business practices that mislead consumers, most often senior citizens, to sign a contract for home repair work at inflated prices by unlicensed technicians while they also unknowingly waive their statutory rights to cancel the contract. Raoul’s lawsuit claims ABC violates the Illinois Consumer Fraud Act, Deceptive Trade Practices Act and the Illinois Home Repair and Remodeling Act. As a result, the complaint seeks a permanent injunction to stop current and prevent future violations, rescind all contracts entered into due to unlawful practices, as well as civil monetary relief for the violations. Raoul’s lawsuit alleges ABC technicians enter consumers’ homes to review the consumer’s initial home repair issue but then inspect other areas of the home without asking permission. When the technicians inevitably find additional issues, they are presented to consumers as emergencies, or even life-threatening hazards that require immediate remedy, the lawsuit alleges. Raoul’s lawsuit alleges that, in some instances, consumers did not understand they were actually signing a contract or that the contract contained language waiving their three-day right to cancel the contract. The...

AI & Technology: The Adoption Gap 0

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AI & Technology: The Adoption Gap

By FRISS — Almost universally, practitioners understand that AI represents a step-change in fraud detection capability. The proof of value exists, and the threat landscape that demands it is well understood. Yet the operational reality remains: the overwhelming majority of insurers are not yet equipped to respond. The cost of that gap is not abstract; it is being paid in claim losses, manual inefficiency, and competitive disadvantage every single day. What makes the adoption gap particularly striking is that this is not a story of ignorance. The issue is not awareness, but execution. The barriers are real, the path is understood, and early adopters have already demonstrated what is possible. What is missing in most organizations is the collective will and the structural conditions required to close the distance between knowing and doing. Where Organizations Actually Stand 9% – Fully implemented AI or ML in fraud detection (this is the only bracket that represents genuine, scaled operational protection) 36% – In pilot / partial deployment 36% – Planning to implement 19% – No current plans The adoption picture breaks into four distinct groups. Thirty-six percent of insurers are in the pilot or partial deployment phase, meaning concrete steps have been...

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Insured Loss Estimates Top $600M From Washington Fires, Testing New Commissioner

Article 0 Comments The wildfires that plagued Washington for nearly half the summer put new Insurance Commissioner Patty Kuderer and her office to a test. Kuderer has been in office for over a year-and-a-half. However, she’s relatively new considering her predecessor, Washington Commissioner of Insurance Mike Kreidler, was the nation’s longest serving commissioner, having held the office since 2001. The magnitude of what she and the Office of The Insurance Commissioner are dealing with is best stated in numbers: the blazes resulted in the most expensive fire damage in Washington history, and Spokane County Assessor Tom Konis puts rebuilding costs from three recent wildfires at more than $1 billion. The industry is projecting $600 million in insured losses to date from wildfires in the state, with the bulk of that coming from residential losses at roughly $535 million, according to figures out from the OIC on Tuesday. While those figures encompass all wildfires in the state, most of the expected losses are from the Spokane Complex Fire, which was comprised by the Old Trails, Fairview and Autumn Lane fires that burned nearly 10,000 acres and destroyed some 900 structures. A recent analysis from property data provider Cotality identified 5,256 properties...

RockRose Risk Raises $12.5 Million Series A to Scale Vertically Integrated Wildfire-Focused Insurance Platform 0

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RockRose Risk Raises $12.5 Million Series A to Scale Vertically Integrated Wildfire-Focused Insurance Platform

San Francisco, CA (Aug. 26, 2026) – RockRose Risk, the insurance brokerage giving U.S. property owners discounts for wildfire mitigation, is pleased to announce it has raised a $12.5 million Series A co-led by Crosslink Capital and Congruent Ventures, with participation from Nuveen Real Estate, one of the world’s largest investment managers with more than $136B in commercial real estate holdings. With the investment, the company is also evolving into a vertically integrated risk manager, combining autonomous property analysis, mitigation services, and insurance into a single platform that helps property owners reduce both wildfire risk and insurance costs. As part of that strategy, RockRose Risk plans to acquire complementary businesses, including tree trimming and roofing companies, so property owners can work with a single partner to assess wildfire risk, complete mitigation work, and secure insurance. By bringing those services together, the company is developing a first-of-its-kind model for insurance, while lowering the overall cost of protecting property. “We’ve proven our model works,” said Andrew Engler, co-founder and CEO of RockRose Risk. “By combining on-the-ground property assessments, mitigation expertise, and proprietary technology, we’ve driven fundamentally better insurance outcomes. Our next step is to get insurance to operate within holistic systems, just...