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Washington Board to Eye Insurer AI Use

Insurance Journal

Washington Insurance Commissioner Patty Kuderer convened her first Artificial Intelligence Advisory Board meeting in Seattle to look at the insurance industry’s use of AI and to get recommendations on policy development, oversight and consumer...

Posted: Jul 20, 2025

Texas, Oklahoma Among States Lure Corporations Away From Delaware

Insurance Journal

By Mingson Lau Lawmakers in Texas, Oklahoma and Nevada have recently approved changes aimed at helping their states dip into the lucrative side of corporate litigation that Delaware, with a specialized court and business-friendly laws, has dominated...

Posted: Jul 20, 2025

Two More Insurers Enter Florida Market as Storm Season Warms

Insurance Journal

Two more property insurers put their toes in the Florida market this summer, bringing to 14 the number of new carriers in the state since 2023. It’s another sign that legislative discouragement of claims litigation has made a difference and &#8...

Posted: Jul 20, 2025

Behind the Surge: What Cyber Claims Say About the Future of Risk

Insurance Journal

The U.S. cyber insurance market witnessed a surge in reported claims, reaching a record 33,561 incidents, according to the 2024 NAIC Cyber Insurance Report. This escalation underscores the growing complexity and frequency of cyber threats for busines...

Posted: Jul 20, 2025

Texas Flood

Insurance Journal

As of press time, Texas and the world are watching yet another unprecedented natural catastrophe unfold. More than 100 lives have been lost [edited to included updated number] in this one event and billions of dollars in property have been …

Posted: Jul 20, 2025

Valuation & Terms of Small Books of Business

Insurance Journal

We get many calls about valuing small books of business and if it is worth it to do a valuation. The seller may know what he/she wants, and the buyer may not want to spend a lot of money and …

Posted: Jul 20, 2025

When Insurance Isn’t the Optimal Risk Management Approach

Insurance Journal

On March 14, 2024, I made a blog post titled “Do You Have The Right Kind of Insurance?” The article was initiated by an email I received through my website from a professional photographer who claimed that one of his …

Posted: Jul 20, 2025

Validating Mental Health Claims in Today’s Workforce

Insurance Journal

In recent years, there has been a surge in mental health awareness across the workers’ compensation landscape. These claims have become a higher priority for insurers, with an estimated one-in-five adults (51.5 million) living with mental illne...

Posted: Jul 20, 2025

Turning Non-Standard Risks into New Revenue: How Agents Can Capitalize on the Specialty Market

Insurance Journal

Independent agents could be turning away nearly half of their prospective clients. The years of independent agents chasing “standard and preferred” home and auto risks are quickly coming to an end. As the risk landscape evolves, the tradi...

Posted: Jul 20, 2025

Q2 Composite Personal Lines Rates Up 4.6%; Commercial Up 2.8%

Insurance Journal

According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased in the second quarter by 4.6% compared to 4.9% during the first quarter. Dallas-based MarketScout, a division of Novatae Risk Group, said high-net-wor...

Posted: Jul 20, 2025

US Excess & Surplus Lines Growth Slowed Again in 2024; Berkshire, AIG Top Premium Rankings

Insurance Journal

By Susanne Sclafane A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 13.4% in 2024, down from 14.5% a year earlier. While growth stayed up …

Posted: Jul 20, 2025

Big ‘I’ Celebrates Continued Tax Deduction for Many Independent Agents

Insurance Journal

The Independent Insurance Agents & Brokers of America (Big “I”) on July 4 celebrated the passage of the “One Big Beautiful Bill.” “The Big ‘I’ would like to thank the U.S. Congress and President Trump for...

Posted: Jul 20, 2025

AM Best affirms A- rating for Everspan Group

coverager

Everspan operates as a fronting and specialty program carrier, partnering with managing general agents and highly rated reinsurers.

Posted: Jul 20, 2025

No Re-Entry? Blame Insurance

Risk & Insurance

Can't get back into a concert? Insurance might be to blame. The post No Re-Entry? Blame Insurance appeared first on Risk & I...

Posted: Jul 20, 2025

3 Vital Reminders for Complex Workplace Injury Claims

Risk & Insurance

A rideshare driver shares his workers' compensation story, sparking the need for three reminders for industry professionals. The post 3 Vital Rem...

Posted: Jul 19, 2025

Travelers Q2 Net Income Soars on Less Losses, Favorable Reserves

Carrier Management

Travelers Q2 Net Income Soars on Less Losses, Favorable Reserves The Tra...

Posted: Jul 18, 2025

Florida High-Tech 911 System Improves Response in Times of Weather Disasters

Carrier Management

Florida High-Tech 911 System Improves Response in Times of Weather Disasters When an emergency happens...

Posted: Jul 18, 2025

New Workers Comp Benchmarking Tool Will Lead to Refined Risk Analysis, Safer Workplaces

Carrier Management

New Workers Comp Benchmarking Tool Will Lead to Refined Risk Analysis, Safer Workplaces Member insurers in Pennsyl...

Posted: Jul 18, 2025

Los Angeles Sues Airbnb for Alleged Price Gouging Following Wildfires

Insurance Journal

Los Angeles sued Airbnb, accusing the home rental company of allowing price gouging affecting at least 2,000 properties during January’s wildfires in Southern California, City Attorney Hydee Feldstein Soto said on Friday. According to a complai...

Posted: Jul 18, 2025

Hagerty appoints Marc Burns as SVP of Brand and Marketing

coverager

Before joining Hagerty, Burns served as Vice President, Marketing, Advertising & Social Media at AT&T.

Posted: Jul 18, 2025

Zephyr Insurance partners with Hawaii Hurricane Relief Fund

coverager

Zephyr is part of Heritage, a super-regional P&C insurance holding company.

Posted: Jul 18, 2025

Heron Data raises $16.6 million

coverager

Heron is a 30-person team that has grown over 100% in the past year, according to LinkedIn data.

Posted: Jul 18, 2025

Howden expands in New Zealand with Sherpa acquisition

coverager

Sherpa is a Christchurch-based general insurance broker serving SME and corporate clients.

Posted: Jul 18, 2025

The Insurance Talent Crisis: A Race Against Time

Insurance Thought Leadership

The Insurance Talent Crisis: A Race Against Time From Our Partners sradomski Fri, 07/18/2025 -...

Posted: Jul 18, 2025

Balancing Growth and Risk: Brooke Shirazi’s Vision for Nationwide’s Property & Ocean Marine Strategy

Risk & Insurance

Vice President Brooke Shirazi shares how Nationwide is leveraging specialization and stability to navigate today’s complex ocean marine and property markets. The post

Posted: Jul 18, 2025

Commercial Insurance Rates Show Continued Market Softening in Q2 2025: Ivans

Risk & Insurance

Premium renewal rates declined quarter-over-quarter across nearly all major lines, signaling shift from hard market conditions, according to Ivans Index. The post

Posted: Jul 18, 2025

The Health Care Safety Imperative

Risk & Insurance

Violence against health care workers is showing no signs of slowing down. Health care organizations must lean into risk management, or face expensive and painful consequences. The post

Posted: Jul 18, 2025

People Moves: Encova Insurance Names Two New Senior Leadership Team Members; NI Holdings Inc. Names...

Insurance Journal

Encova Insurance Names Two New Senior Leadership Team Members Encova Insurance Executive Vice President and Chief Strategy Officer John Kessler will retire at the end of 2026 after more than 40 years of dedicated service to the company. As part &#823...

Posted: Jul 18, 2025

Survivors’ Lawyers Allege Decades of Systemic Abuse in Illinois Detention Facilities

Insurance Journal

Illinois has one of the nation’s worst problems with child sex abuse at juvenile detention centers, attorneys representing more than 900 survivors who have filed lawsuits said Wednesday. Dozens of complaints, including several filed this week i...

Posted: Jul 18, 2025

European insurers positioned for strong year-end, according to S&P

Reinsurance News

European insurers are expected to close the year in a solid position, supported by resilient underwriting results, robust capital buffers, and effective strategic adjustments across the sector, according to a midyear report by S&P Global Ratin...

Posted: Jul 18, 2025

Cayman Islands Approves 21 New International Insurance Licenses During H1

Insurance Journal

The Cayman Islands Monetary Authority (CIMA), which represents the international insurance industry in the British overseas territory, reported that licenses have been approved for 21 new international insurers during the first half of this year. Bet...

Posted: Jul 18, 2025

Neptune Adds Capacity to Bring Flood Insurance Product Nationwide

Insurance Journal

Flood insurer Neptune Flood said recently it secured over $400 million in premium capacity and has launched in Alaska to officially become available in all 50 states. Neptune said its capacity panel now includes more than 30 insurance and reinsurance...

Posted: Jul 18, 2025

Willis names Lockner as Strategic Client Advisor, North American AAIS team

Reinsurance News

Willis, a WTW business, has appointed Cecelia Lockner as Senior Director, Strategic Client Advisor within the North American Alternative Asset Insurance Solutions (AAIS) division. The appointment aligns with Willis’ strategy to provide insurance s...

Posted: Jul 18, 2025

Two Injury Types Drive 40% of America’s $58.78B Workplace Safety Bill

Risk & Insurance

Liberty Mutual's 25-year analysis reveals overexertion and same-level falls dominate workplace injury costs, while repetitive motion injuries plummet. The post

Posted: Jul 18, 2025

John Neal Appointed President at AIG

Risk & Insurance

The latest people news in the industry today. The post John Neal Appointed President at AIG appeared first on Risk &...

Posted: Jul 18, 2025

The Hartford Names Prateek Chhabra as Chief Risk Officer

Risk & Insurance

The latest people news in the industry today. The post The Hartford Names Prateek Chhabra as Chief Risk Officer appeared first on

Posted: Jul 18, 2025

Todd Kaminski Named Head of Direct Markets at Zurich North America

Risk & Insurance

The latest people news in the industry today. The post Todd Kaminski Named Head of Direct Markets at Zurich North America appeare...

Posted: Jul 18, 2025

David Carlson Appointed as Global Industrial and Manufacturing Leader at Aon

Risk & Insurance

The latest people news in the industry today. The post David Carlson Appointed as Global Industrial and Manufacturing Leade...

Posted: Jul 18, 2025

Former Tennessee Agent Sentenced For Continuing to Sell Insurance Products

Insurance Journal

A former Tennessee insurance agent who lost his license in 1999 but continued to sell insurance products has been sentenced to 10 years in prison. Most of that jail time was suspended by a judge. Johnny Ray Jackson, 55, of …

Posted: Jul 18, 2025

People Moves: Aon Appoints Key Leaders in EMEA Commercial Risk Team; AXA XL Promotes Wilkinson to He...

Insurance Journal

This edition of International People Moves details appointments at Aon and AXA XL. A summary of these new hires follows here. Aon Appoints Key Leaders in EMEA Commercial Risk Team Insurance broker Aon plc announced several key leadership appointments...

Posted: Jul 18, 2025

Pen Underwriting extends SiriusPoint partnership into PI

Reinsurance News

Pen Underwriting, a specialist underwriting agency in the UK, has expanded its partnership with global re/insurer SiriusPoint through a new capacity deal in support of international professional indemnity (PI) risks. As per the terms of the agreem...

Posted: Jul 18, 2025