Economic & Insurance News

  • U.S. Employment Estimates Receive Preliminary Downward Revision for March 2026

    U.S. Employment Estimates Receive Preliminary Downward Revision for March 2026

    By Insurance Market & News The U.S. Bureau of Labor Statistics (BLS) has issued a preliminary benchmark revision showing that national nonfarm employment for March 2026 was 79,000 jobs lower than previously estimated, equivalent to a 0.1% downward adjustment. The revision was released on August 28, 2026. Private-sector employment saw a larger adjustment. BLS estimated…

  • U.S. Consumer Inflation Summary for July 2026

    U.S. Consumer Inflation Summary for July 2026

    By Insurance Market & News U.S. consumer prices edged higher in July, with the Consumer Price Index (CPI-U) rising 0.1% on a seasonally adjusted basis, according to the U.S. Bureau of Labor Statistics (BLS). The increase followed a 0.4% decline in June. Over the year through July, consumer prices were 3.4% higher. Housing remained the…

  • US P&C Insurers Face Softer Pricing as Climate, Casualty and AI Risks Grow

    US P&C Insurers Face Softer Pricing as Climate, Casualty and AI Risks Grow

    www.insurancemarketandnews.com The US property and casualty insurance industry is entering a more demanding phase as premium growth loses momentum while claim costs and complexity continue to rise. A new analysis from Boston Consulting Group (BCG) points to a widening performance gap between insurers that maintain underwriting discipline and those struggling to adapt. US P&C insurers…

  • Global Insurance Market Index Shows Continued Rate Relief for Buyers

    Global Insurance Market Index Shows Continued Rate Relief for Buyers

    www.insurancemarketandnews.com The global commercial insurance market moved further in buyers’ favor during the second quarter of 2026, with overall rates falling 6%, according to Marsh’s Global Insurance Market Index (GIMI). The latest decline followed a 5% reduction in the previous quarter and marked the eighth consecutive quarterly decrease in global composite rates. The shift was…

  • California Attorney General Challenges EPA Review of Flame-Retardant Health Risks

    California Attorney General Challenges EPA Review of Flame-Retardant Health Risks

    www.insurancemarketandnews.com California Attorney General Rob Bonta has joined attorneys general from several states in challenging a U.S. Environmental Protection Agency assessment of Tetrabromobisphenol A (TBBPA), a flame-retardant chemical used in a range of consumer and industrial products. The coalition filed a multistate comment letter opposing the EPA’s draft risk evaluation on August 18, 2026. TBBPA…

  • FEMA Opens $11.4 Million Grant Program to Strengthen High-Risk Dams Nationwide

    FEMA Opens $11.4 Million Grant Program to Strengthen High-Risk Dams Nationwide

    www.insurancemarketandnews.com The Federal Emergency Management Agency (FEMA) has made $11.4 million available to states and U.S. territories for projects aimed at improving the safety of dams considered capable of posing serious risks to people and property. The funding opportunity was announced on August 5, 2026. The money will be distributed through FEMA’s Rehabilitation of High…

  • P&C Insurance Market Turns Softer in Q2 2026 as Commercial Premiums Fall 2%

    P&C Insurance Market Turns Softer in Q2 2026 as Commercial Premiums Fall 2%

    www.insurancemarketandnews.com The U.S. commercial property and casualty insurance market moved further into soft-market territory during the second quarter of 2026, with average premiums declining across every account category, according to the latest survey from The Council of Insurance Agents & Brokers (CIAB).  Surveyed brokers reported an overall 2.0% reduction in premiums during Q2. Large accounts…

  • Delaware Begins In-Depth Regulatory Review of Aquarian Capital’s Brighthouse Acquisition

    Delaware Begins In-Depth Regulatory Review of Aquarian Capital’s Brighthouse Acquisition

    www.insurancemarketandnews.com The Delaware Department of Insurance is conducting a formal review of Aquarian Capital LLC and its affiliates’ proposed acquisition of Brighthouse Life Insurance Company, as regulators assess whether the transaction satisfies state insurance requirements. The department disclosed details of the process on August 17, 2026, citing the high level of public interest surrounding the…

  • Insurance Sector Shows Financial Resilience Despite Global Economic and Political Pressures

    Insurance Sector Shows Financial Resilience Despite Global Economic and Political Pressures

    www.insurancemarketandnews.com Commercial insurers are entering the second half of 2026 from a position of financial strength, even as inflation, geopolitical instability and shifting economic conditions continue to create uncertainty across global markets, according to Lockton’s latest commercial insurance outlook. Industry performance remained exceptionally strong during the opening quarter of the year. Citing S&P Global Market…