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Root Expands Its Telematics Car Insurance to New Jersey, Its 37th State

Article 0 Comments Technology-driven insurer Root has launched its behavior-based car insurance in New Jersey, marking its 37th state. Using mobile telematics, Root calculates its rates primarily on actual driving performance, such as focused driving, smooth braking, and gentle turns. The system can financially reward safe drivers. Safe drivers in New Jersey stand to realize potential annual savings of up to $1,300, according to the insurer. Driver onboarding, customized coverage selection, policy management, and claims routing are handled entirely through Root’s mobile application. “Expanding to New Jersey is a massive milestone in our state expansion strategy as we accelerate toward our goal of coverage in the contiguous U.S. by 2027,” said Alex Timm, founder and CEO of Root. “By entering the Garden State, we’re expanding our reach to a market historically characterized by limited consumer choice. Our ability to scale our behavioral pricing model demonstrates the efficiency of our technology and positions us to capture more market share.” Root said it plans to further expand to Wyoming, Massachusetts, North Carolina, Michigan, Idaho, and Maine pending regulatory approvals. Root said it plans to expand its independent agent distribution channel to 100,000 eligible producers. Appointments can be made in 24 hours. Root...

The rise of the AI-empowered policyholder: What it means for insurance leaders 0

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The rise of the AI-empowered policyholder: What it means for insurance leaders

By the ReSource Pro Editorial Team — For decades, insurers and intermediaries controlled most of the information flow in the insurance relationship. Policyholders relied on agents, adjusters, and carriers to interpret coverage, explain options, and guide decisions. That dynamic is beginning to shift. In a recent article published by The Insurance Lead, the concept of the AI-empowered policyholder takes center stage, highlighting how consumer access to artificial intelligence is reshaping expectations, behavior, and the balance of knowledge in insurance interactions. This shift matters because AI is no longer confined to carrier systems or broker platforms. Policyholders now have direct access to tools that can summarize policies, compare coverage, question exclusions, and generate follow-up questions in seconds. The result is a more informed customer who expects faster, clearer, and more collaborative engagement from insurers and their partners. When Information Asymmetry Disappears Historically, insurance operated on information asymmetry. Professionals understood policy language, underwriting logic, and claims processes far better than customers. AI tools are rapidly narrowing that gap. Policyholders can now upload documents, ask nuanced questions, and receive explanations that would have previously required an expert intermediary. This does not mean AI replaces professional judgment, but it does change the starting point...

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Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property

Article 0 Comments Second quarter 2026 net income at insurer Chubb was down 3.8% compared to the same period in 2025 to about $2.85 billion, with property/casualty underwriting income up 18.8% to about $1.9 billion. Pretax net catastrophe losses were $475 million compared to Q21 2025 losses of $630 million. The P/C business ended Q2 2026 with a combined ratio of 83.8 compared with 85.6 the year prior. Consolidated net premiums written (NPW) increased 3.6% to about $14.7 billion. P/C net premiums were up 3% to about $12.8 billion. NPW decreased 2.3% in North America commercial. Without large account and E&S property, NPW was up 4.1% in Q2. Looking at major accounts retail and E&S wholesale, NPW was down 9% in Q2. Chubb said NPW would be up 0.4% excluding large account and E&S property. The combined ratio for Q2 for North America commercial finished at 85.4 compared with 83.5 for Q2 2025. Chubb said 1.9 points were attributed to higher catastrophe losses. In a statement, CEO Evan G. Greenberg said “overly soft underwriting conditions persist in certain areas of property insurance globally, particularly large account and E&S related.” “We will not underwrite knowingly to a loss,” he continued, adding...

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Marsh Reports 6% Revenue Increase in Q2, as Reinsurance Unit Sees 2% Decline

Article 0 Comments Insurance broker Marsh reported consolidated revenue of $7.4 billion during the second quarter, an increase of 6% over Q2 2025, or 5% on an underlying (organic) basis. Q2 operating income increased 4% to $1.9 billion, while net income attributable to the company was $1.3 billion. Earnings per share during the second quarter were $2.63, compared with $2.45 in Q2 2025. For the six months ended June 30, 2026, consolidated revenue was $15.0 billion, an increase of 7% on a GAAP basis, or 4% on an underlying (organic) basis, compared to the prior-year period. Marsh’s Risk and Insurance Services (RIS) segment (comprising Marsh Risk and reinsurance broker Guy Carpenter) reported Q2 revenue of $4.8 billion during the second quarter of 2026, an increase of 4%, or 3% on an underlying (organic) basis. Operating income increased 2% to $1.5 billion in Q2, while adjusted operating income increased 3% to $1.7 billion. RIS’ revenue for the six months ended June 30, 2026 was $9.9 billion, an increase of 5%, or 3% on an organic basis. Marsh Risk and Guy Carpenter Marsh Risk’s revenue in the second quarter of 2026 was $4.1 billion, an increase of 6%, or 4% on an...

Beneva rolls out new initiatives to support individuals living with cancer 0

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Beneva rolls out new initiatives to support individuals living with cancer

A comprehensive approach combining human support and social commitment Quebec City, QC (June 29, 2026) – A cancer diagnosis often comes as a shock, disrupting every aspect of a person’s life–personal, family, professional, as well as day-to-day routines. Fully aware of the challenges faced by those affected and their loved ones, Beneva is strengthening its efforts to provide more tangible and compassionate support throughout their journey. Expanded coverage to better support individuals undergoing treatment As part of this commitment, Beneva is expanding its oncology coverage to better meet the needs of individuals undergoing treatment. As of September 1, cooling caps used during chemotherapy treatments will be covered for all group insurance plans at no additional cost, under the therapeutic devices clause. By helping to reduce hair loss, these treatments offer comfort and relief to those affected, further reinforcing Beneva’s commitment to improving quality of life. Practical tools to assist members and workplaces In addition, Beneva has developed a self-service toolkit designed to support the overall well-being of plan members and their loved ones. It includes practical information and resources to help better support individuals affected by cancer. A workplace health toolkit focused on cancer has also been created to equip employers...

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NYC Reports 3 Deaths From Legionnaires’ Disease; Cooling Tower Cleaning Underway

Article 0 Comments New York City officials are reporting that three people have died and eight people are currently hospitalized due to the outbreak of Legionnaires’ disease on the Upper East Side. More than 60 cases have been reported since the first cases were identified on July 2. The affected area encompasses the neighborhoods of Carnegie Hill and Yorkville (ZIP codes 10028, 10128, and 10075). Last week, the New York City Health Department said the number of new cases appeared to be slowing. After the city tested the cooling towers of all 183 buildings in the affected neighborhoods, it began requiring owners of all towers with positive initial results in a PCR (polymerase chain reaction) screening to immediately drain, clean, and disinfect their cooling towers to reduce the risk of further exposure. On July 13, health officials reported that 57 addresses with cooling towers that tested positive have completed the cleaning while 19 are in the process of doing so. In addition to the PCR screening tests, a culture test is also being conducted for all sampled cooling towers. Culture tests take up to two weeks for results and will confirm which cooling towers had live Legionella bacteria growing at...

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Iran Renews Attacks on Gulf States After Another Night of US strikes

Article 0 Comments Iran launched more attacks on Washington’s Gulf allies on Saturday after a seventh straight night of U.S. strikes targeting Iranian military sites including logistics facilities, escalating the war one week after a ceasefire fell apart. Kuwait came under sustained attack, with a desalination plant hit and operations at Kuwait International Airport suspended due to repeated missile and drone threats. Iran’s Islamic Revolutionary Guard Corps said they struck a U.S. military support center at Camp Arifjan and destroyed a radar facility at Ali Al Salem Air Base in Kuwait. The IRGC also targeted a site in Bahrain where U.S. combat aircraft were gathered at Sheikh Isa Air Base and an intelligence data center, Iranian state media reported. The Guards said they had also destroyed at least two U.S. fighter aircraft and three other aircraft during a missile and drone attack early on Saturday on the U.S. base in Al Azraq, Jordan, according to Iranian state TV. Reuters was not able to verify the reports. Oil Prices at Highest in More Than a Month “Since there is no international institution to prevent the savagery of the U.S. military, we have no path before us except the Quranic command: ‘Whoever...

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New Flooding Haunts Texas Hill Country a Year After Historic Disaster

Article 0 Comments Soyla Reyna stood outside Calvary Temple Church, taking a momentary respite from hours of manning the flood displacement shelter at her home church in Kerrville on Thursday. “A lot of it was unbelievable,” she said as the rain outside the church patio began to let up. “People are devastated by the reoccurrence.” Over the course of the morning, Reyna had seen nearly 50 people come to Calvary Temple. They sought supplies and shelter after rapidly rising water swept away their homes and RVs, scenes reminiscent of the devastating flood that tore through the region a little over a year ago. “Both times, it’s been in the middle of the night. I think that is what devastates people. It’s like I couldn’t see, I couldn’t, you know…” she said, breaking into a sigh as she turned her gaze down. For many Hill Country residents, Thursday’s flooding brought back the familiar levels of wreckage and trauma that they had suffered during and in the immediate aftermath of the July 2025 floods that killed 119 people in Kerr County. In many parts of the county and elsewhere, scenes were strikingly similar: fences lined with debris and personal effects, cars strewn...

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Rhine Rises After Rain, but Low Levels Continue to Hinder Shipping

Article 0 Comments Water levels on the Rhine in Germany have risen after rain in the south and are forecast to rise further in the coming days, the country’s inland navigation agency said on Friday, though shallow water continues to hinder shipping and transport costs are rising. Shallow water after this summer’s heatwave and scarce rainfall means cargo vessels are only able to sail partly loaded on the river, increasing costs for cargo owners. Loads must be spread among several vessels sailing partly loaded, also increasing costs and creating extra expense for German industry. Vessels are often able to sail only 20% full or less, but sailings are continuing, commodity traders said. Rain in river catchment areas in southwest Germany this week raised the water level at the chokepoint of Kaub near Karlsruhe. More rain is forecast in southwest Germany on Friday and at the weekend. Inland navigation agency WSV forecast that the navigable water depth at Kaub will rise from about 51 cm on Friday to 68 cm on Tuesday, enabling ships to take on greater loads. “We have come back from the brink, with an improvement compared to the lowest water levels earlier this week but much more...

Germania Mutual Deploys Guidewire ProNavigator AI to Put Institutional Knowledge at the Fingertips of Underwriting and Claims Teams 0

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Germania Mutual Deploys Guidewire ProNavigator AI to Put Institutional Knowledge at the Fingertips of Underwriting and Claims Teams

Ayton, ON (July 16, 2026) – Germania Mutual Insurance and Guidewire are pleased to announce that Germania Mutual has deployed ProNavigator, Guidewire’s AI assistant, in support of its underwriting and claims teams, giving every employee instant access to the knowledge and context they need to make the right decision at the right time in service of policyholders and partners. “As a mutual insurer, our obligation is to our policyholders, and that means making sure every employee has the knowledge and tools to serve them well,” said Dan Hill, President and Chief Executive Officer, Germania Mutual. “Guidewire’s embedded AI gives our teams instant access to the right information, which means faster, more accurate service for every policyholder we serve.” Germania Mutual has run its operations on Guidewire since 2021. ProNavigator builds on that foundation, connecting employees to the company’s accumulated expertise and company documents, so whether they are handling a complex claim or navigating their first week on the job, they have the right answer when they need it. “At Germania Mutual, the technology we deploy has to earn the trust of our people,” said Tracy Campbell, Vice President of Operations, Germania Mutual. “Guidewire’s embedded AI aims to surpass that bar...