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Part That Broke on UPS Plane in Kentucky Failed 4 Times on Other Planes Years Ago

Insurance Journal

Boeing warned plane owners in 2011 about a broken part that contributed to a UPS plane crash that killed 15 last year but at that point the plane manufacturer didn’t believe it threatened safety, the National Transportation Safety Board said &#...

Posted: Jan 16, 2026

AM Best Upgrades Credit Ratings of Michigan Millers Mutual

Insurance Journal

AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa-” (Superior) from “a” (Excellent) of Michigan Millers Mutual Insurance...

Posted: Jan 16, 2026

Wisconsin Medical Care Partnership to Pay $162K in Back Wages

Insurance Journal

A federal court has ordered a Wisconsin-based multicounty medical care partnership to pay $162,486 in back wages and liquidated damages to 68 case managers after a U.S. Department of Labor investigation found the employer did not pay case managers al...

Posted: Jan 16, 2026

Thumbs Down on SELF DRIVE Act as Written, Says Industry Trades

Insurance Journal

Federal lawmakers have begun to discuss numerous pieces of legislation focusing on the evolving automobile industry, with legislation addressing consumer data rights, parts and repair, pedestrian safety, driver-assistance technology and even catalyti...

Posted: Jan 16, 2026

Munich Re’s American Modern introduces Farm and Ranch Insurance Program with Bridge Specialty Group

Reinsurance News

American Modern Insurance Group, Inc., part of Munich Re, has introduced a Farm and Ranch Insurance Program in collaboration with Bridge Specialty Group. The programme is designed to give independent agents a versatile insurance solution that meet...

Posted: Jan 16, 2026

Georgia Seeks to Spend $1.8B to Unclog Interstate 75

Insurance Journal

Georgia’s governor said Wednesday that he wants to spend $1.8 billion to unclog one of traffic-choked Atlanta’s notorious chokepoints on the most important highway between the Midwest and Florida. Republican Gov. Brian Kemp, serving his l...

Posted: Jan 16, 2026

HDI Global Canada to accelerate marine growth under Michael Wright’s leadership

Reinsurance News

HDI Global Canada has strengthened its marine proposition under Michael Wright’s leadership, who joined the Corporate & Specialty insurer in 2025 as Head of Marine for Canada. Leveraging decades of experience and a strong brokering background,...

Posted: Jan 16, 2026

Consumer Acceptance of Telematics Widens, Says Survey

Carrier Management

Consumer Acceptance of Telematics Widens, Says Survey Consumer acceptance of telematics technology in auto...

Posted: Jan 16, 2026

Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates

Carrier Management

Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates Two indepe...

Posted: Jan 16, 2026

Another Record Hot Year Warns of Shifting, Dangerous Climate

Carrier Management

Another Record Hot Year Warns of Shifting, Dangerous Climate Earth's average temper...

Posted: Jan 16, 2026

Tesla Gets 5-Week Extension in Probe of Full Self-Driving Traffic Violations

Carrier Management

Tesla Gets 5-Week Extension in Probe of Full Self-Driving Traffic Violations U.S. auto safety regulators...

Posted: Jan 16, 2026

Commercial Drivers Granted Another Extension for Use of Paper Medical Certificates

Carrier Management

Commercial Drivers Granted Another Extension for Use of Paper Medical Certificates The Federa...

Posted: Jan 16, 2026

DARAG announces two deal closures at year-end 2025

Reinsurance News

Legacy acquirer DARAG Group has announced the completion of a portfolio transfer agreement (PTA) of Danish Workers’ Compensation business from Protector, and the signing of a loss portfolio transfer (LPT) and PTA with another European carrier. DAR...

Posted: Jan 16, 2026

Losses need to be exceptionally high to shift European reinsurance prices: J.P. Morgan

Reinsurance News

According to J.P. Morgan, European reinsurance profitability is well above historical levels, meaning the shock required would need to be material in order to reverse the current trajectory of reinsurance prices. In its recent report, J.P. Morgan...

Posted: Jan 16, 2026

Federal Judge Allows Equinor to Restart New York Offshore Wind Project

Insurance Journal

A federal judge on Thursday cleared Norwegian offshore wind developer Equinor to resume work on its New York Empire Wind project, which President Donald Trump’s administration halted along with four other projects last month. The ruling by U.S....

Posted: Jan 16, 2026

Tesla Gets 5-Week Extension in Probe of Full Self-Driving Traffic Violations

Insurance Journal

U.S. auto safety regulators have granted Tesla a five-week extension to respond to an investigation into whether its vehicles violated traffic laws while the Elon Musk-led company’s Full Self-Driving system was engaged. The National Highway Tra...

Posted: Jan 16, 2026

Markel Insurance to accelerate claims and policy processing with new core system

Reinsurance News

Markel Nederland has successfully completed a massive digital transformation, replacing its core systems in just eight months, a timeframe the firm describes as a record for the industry. Supported by consultancy and technology partner IG&H, t...

Posted: Jan 16, 2026

ACORD announces 2026 Board of Directors chaired by Robert Kelly

Reinsurance News

ACORD, the global standards-setting body for the insurance industry, has revealed its 2026 Board of Directors, which will be chaired by Robert Kelly AM, Founder, Managing Director and CEO of Steadfast Group Limited. Kevin Tobin (Outside Director)...

Posted: Jan 16, 2026

Surviving a softening market with smarter, automated renewals: DXC Technology’s Mahon

Reinsurance News

James Mahon, Reinsurance Pre-Sales Lead at DXC Technology, emphasised that in an increasingly complex and softening market, re/insurers must rethink their renewal strategy and invest in automated renewal management rather than relying on manual, p...

Posted: Jan 16, 2026

People Moves: Lloyd’s Appoints Bichard From PwC as CFO, Succeeding Cliff

Insurance Journal

Lloyd’s, the insurance and reinsurance marketplace, announced that Jim Bichard has been appointed as chief financial officer. He will start in April 2026 and will become a member of Lloyd’s Executive Team, reporting directly to Patrick Ti...

Posted: Jan 16, 2026

SCOR supports major new AI infrastructure insurance facility as lead insurer

Reinsurance News

Global reinsurer SCOR has joined a consortium of more than 10 leading re/insurers to back a recently launched insurance facility designed to support artificial intelligence (AI) and data centre infrastructure. Introduced by Advanced Technology Ass...

Posted: Jan 16, 2026

Chris Jackson to succeed Charlie Burgess as PIB Group’s U&D business CEO

Reinsurance News

PIB Group, a specialist insurance intermediary, has announced the appointment of Chris Jackson as CEO for its Underwriting & Distribution (U&D) business. Jackson will be taking over the role from Charlie Burgess, who has resigned to pursue...

Posted: Jan 16, 2026

PwC’s Jim Bichard to join Lloyd’s as CFO as Alexandra Cliff departs

Reinsurance News

Jim Bichard, the current leader of PwC’s global insurance division, will take over as Chief Financial Officer (CFO) of the specialist Lloyd’s insurance and reinsurance marketplace in April 2026, replacing Alexandra Cliff. Almost a year...

Posted: Jan 16, 2026

Aon’s new Resilience Quotient suggests priorities will shift from static risk management

Reinsurance News

Aon, the global insurance and reinsurance broking group, has released insights from its new, data-driven tool to help organisations build sustainable resilience and promote growth, called Aon’s Resilience Quotient, which has been developed i...

Posted: Jan 16, 2026

Willis appoints James Tedder as Director, International Property

Reinsurance News

Willis, a WTW business, has announced the appointment of James Tedder as Director within its International Property team, part of Willis Direct & Facultative Global Specialty. Tedder brings more than 15 years of industry experience. He joins W...

Posted: Jan 16, 2026

Greensill Bank Sues UK Government for $441 Million Over COVID Loan Guarantees

Insurance Journal

Greensill Bank, a subsidiary of collapsed finance firm Greensill Capital, is suing Britain’s business department for just over 330 million pounds ($441.7 million) after it canceled guarantees for COVID-19 business loans, court documents showed....

Posted: Jan 16, 2026

Chotima Puasiri named Chief Representative of Munich Re Thailand

Reinsurance News

Munich Re Thailand, part of the global reinsurer, has appointed Chotima Puasiri as Chief Representative, effective March 1st, 2026. She joins from the reinsurer’s primary insurance arm, ERGO Insurance (Thailand) Co., Ltd., where she served a...

Posted: Jan 16, 2026

Venezuelan Oil Industry Is Running on WhatsApp After Cyberattack

Insurance Journal

Venezuela’s oil industry is running its day-to-day operations via phone calls and handwritten reports in the month since a cyberattack on state-owned oil giant Petróleos de Venezuela SA. A Dec. 15 attack shut down PDVSA’s system, leaving...

Posted: Jan 16, 2026

Fitch Warns of Eastern European Downgrades if Greenland Strife Cracks NATO

Insurance Journal

A raft of European countries could face a one-notch credit rating downgrade if tensions with the U.S. over Greenland fracture NATO and raise the prospect of more trouble with Russia, Fitch’s top sovereign analyst said on Thursday. Fitch already...

Posted: Jan 16, 2026

Ex-PIMCO Executive Scores Milestone on Launch of Catastrophe Bond ETF

Insurance Journal

An exchange-traded fund tied to bets on natural disasters has started trading in London, after becoming the first such ETF to attract a lead market maker. The KRC Cat Bond UCITS ETF was launched with the goal of drawing more …

Posted: Jan 16, 2026

Update: Ex-PIMCO Executive Scores Milestone on Launch of Catastrophe Bond ETF

Insurance Journal

An exchange-traded fund tied to bets on natural disasters has started trading in London, after becoming the first such ETF to attract a lead market maker.The KRC Cat Bond UCITS ETF was launched with the goal of drawing more retail …

Posted: Jan 16, 2026

ICA escalates Victoria bushfires to Insurance Catastrophe as claims mount

Reinsurance News

The Insurance Council of Australia (ICA) has escalated its significant event declaration to an Insurance Catastrophe for the dozens of bushfires impacting Victoria since 7 January, which have collectively burned about 985,000 acres. According to A...

Posted: Jan 16, 2026

AM Best maintains stable outlook on India’s non-life sector amid regulatory initiatives and reforms

Reinsurance News

AM Best has reaffirmed a stable outlook for India’s non-life insurance sector, pointing to favourable macroeconomic conditions and strong demand, supported by regulatory initiatives and reforms. While the segment’s growth slowed in 2025 due to fir...

Posted: Jan 16, 2026

ICW Group strengthens Specialty arm with ART solutions and key appointment

Reinsurance News

ICW Group, a national insurance carrier providing specialised risk and coverage solutions, has expanded its ICW Specialty business unit with the introduction of Alternative Risk Transfer (ART) solutions and the appointment of Travis Murnan as Head...

Posted: Jan 16, 2026

NAIC Names Committee Leaders for 2026

Insurance Journal

The National Association of Insurance Commissioners (NAIC) recently announced its 2026 committee leadership “Chosen by their peers, our 2026 committee leaders bring unique skills, backgrounds, and viewpoints to the challenges and opportunities...

Posted: Jan 16, 2026

Optalitix teams up with Dutch MGA Intermont to drive digital transformation

Reinsurance News

Optalitix, an InsurTech in underwriting and pricing, has entered into a strategic partnership with Intermont, a Dutch MGA and part of the Acrisure group, to accelerate its digital transformation and deliver a flagship Optalitix deployment in the N...

Posted: Jan 16, 2026

Ling Ong succeeds Fleur Rochester as London Market FOIL President

Reinsurance News

The London Market Forum of Insurance Lawyers has elected Ling Ong, Partner at law firm Weightmans, as President, succeeding Fleur Rochester, Partner at Kennedys. London Market FOIL is a division of the Forum of Insurance Lawyers (FOIL) that focuse...

Posted: Jan 16, 2026