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Online Ticket Seller to Pay $85K for Violating Connecticut’s New Data Privacy Law

Insurance Journal

Connecticut Attorney General William Tong announced a settlement with TicketNetwork, Inc. as a result of an investigation into violations of the Connecticut Data Privacy Act. Under the settlement, TicketNetwork has agreed to comply with the requireme...

Posted: Jul 09, 2025

Markets/Coverages: Markel Launches Pre-Loss Services for UK Cyber Clients

Insurance Journal

Markel Insurance, the insurance operations within Markel Group Inc., announced the launch of its pre-loss services for UK Cyber360 policyholders. These new offerings include a complimentary one-hour call with an experienced cyber and data risk lawyer...

Posted: Jul 09, 2025

Bichetero named Substantive DMD/COO for Africa Re

Reinsurance News

Africa Re has announced Ephraim Kiiza Bichetero has assumed duty as Substantive Deputy Managing Director/Chief Operating Officer (DMD/COO) from July 1, 2025. This has taken place after a one-year transition and succession programme with the retiri...

Posted: Jul 09, 2025

Mitsui Sumitomo to acquire majority ownership share of Time Machine Underwriters

Reinsurance News

Mitsui Sumitomo Insurance (MSI), a subsidiary of MS&AD Insurance Group Holdings, has announced plans to acquire shares of Time Machine Underwriters Co., Ltd. (TMU), a Managing General Agency (MGA) in Japan specialising in Representation and Wa...

Posted: Jul 09, 2025

Credit Fund’s Collapse Leads to $1 Billion Lawsuit Against EY

Insurance Journal

Bridging Finance Inc.’s receiver is suing Ernst & Young LLP for C$1.4 billion ($1 billion), alleging the auditor failed to detect fraud and misstatements that contributed to the Toronto private lender’s collapse. In a claim filed with...

Posted: Jul 09, 2025

LMA announces launch of Treasury & Investments Group

Reinsurance News

The Lloyd’s Market Association (LMA) has announced the formation of its new Treasury & Investments Group (TIG), a strategic initiative that aims to drive innovation and collaboration across the Lloyd’s market. The TIG will be accountable to th...

Posted: Jul 09, 2025

Institutional interest and regulatory clarity could fuel crypto insurance growth: AM Best

Reinsurance News

While insurance penetration in the cryptocurrency sector remains very limited, greater interest from institutional investors and regulatory clarity are two factors that may help drive insurance growth in the industry, according to AM Best. As owne...

Posted: Jul 09, 2025

InsurTech Wefox Raises €151M to Build New MGA Focus, Core Markets

Carrier Management

InsurTech Wefox Raises €151M to Build New MGA Focus, Core Markets...

Posted: Jul 09, 2025

MGAs By the Numbers: Fronting Biz, Non-Affiliated MGAs Drive Growth

Carrier Management

MGAs By the Numbers: Fronting Biz, Non-Affiliated MGAs Drive Growth Direct...

Posted: Jul 09, 2025

Ondine Bourrut Lacouture to serve as Active Underwriter of Arch Syndicate 1955

Reinsurance News

Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has promoted Ondine Bourrut Lacouture as an Active Underwriter of Arch Syndicate 1955 at Lloyd’s. Lacouture succeeds Simon Williams, who held the role since Syndicate 1955 was acq...

Posted: Jul 09, 2025

Three Killed in Houthi Attacks on Cargo Ships, One Vessel Sinks in Red Sea

Insurance Journal

Houthi attacks on cargo ships in the Red Sea killed three crew members, sank one vessel, and left a second without propulsion in signs the Tehran-backed group is once again escalating assaults in the vital trade route. The attacks resulted …

Posted: Jul 09, 2025

OAK Re unveils new organisational structure to drive future growth

Reinsurance News

Global reinsurance provider OAK Reinsurance has announced an enhanced organisational structure, building upon its successful launch in November 2024. Since January 1, 2025, OAK has achieved significant success, successfully writing approximately $...

Posted: Jul 09, 2025

CCRIF launches microinsurance initiative with CelsiusPro & Global Parametrics

Reinsurance News

CCRIF SPC, formerly the Caribbean Catastrophe Risk Insurance Facility, has partnered with CelsiusPro and its subsidiary Global Parametrics to launch a new initiative, the CCRIF Microinsurance Facility, which includes a digital insurance administra...

Posted: Jul 09, 2025

UK Companies Should Have to Disclose Major Cyberattacks, M&S Says

Insurance Journal

British businesses should be legally required to report material cyberattacks to the authorities, the chairman of retailer Marks & Spencer said on Tuesday, claiming two recent major attacks on large UK firms had gone unreported. Giving evidence t...

Posted: Jul 09, 2025

US tariffs set to slow global economy and insurance premium growth: Swiss Re Institute

Reinsurance News

US tariff policy reduces trade and heightens uncertainty, decelerating both economic and insurance premium growth around the world, a recent Swiss Re report has revealed. While current economic data may not yet fully reflect it, consumers and firm...

Posted: Jul 09, 2025

Canopius Group names Micia Yong as Head of Property & Specialty Treaty, APAC

Reinsurance News

Canopius Group, a leading global specialty and P&C re/insurer, has appointed Micia Yong as Head of Property & Specialty Treaty Asia Pacific (APAC), effective July 4th, 2025. She will be based in Singapore and report directly to Soon Keen (...

Posted: Jul 09, 2025

ACORD and Howden partner to enhance digital accounting and invoicing standards

Reinsurance News

Industry standards body ACORD and Howden, the global insurance and reinsurance broker, have announced that the ACORD Standards for digital accounting and invoicing are live and operational in the UK retail insurance market. This is the first time...

Posted: Jul 09, 2025

Diego Cervantes-Knox appointed Group COO at Ocean Re

Reinsurance News

Diego Cervantes-Knox is joining Ocean Re, a Barbados-headquartered reinsurer, as Group Chief Operating Officer (COO), effective this September. In his new role, Cervantes-Knox will focus on accelerating growth, scaling operations, and modernizing...

Posted: Jul 09, 2025

ePayPolicy Announces New Network Payables Features

Insurance Journal

Network Payables connects the insurance industry with a powerful hub for all outbound payments to thousands of pre-verified industry partners. The High-Level: Network Payables empowers thousands of insurance companies to send funds with greater ease...

Posted: Jul 09, 2025

No Alerts Heard in Deadly Texas Flash Flood as 161 Still Missing

Insurance Journal

In the early hours of July 4, the only sound many of the vacationers along the banks of the Guadalupe River would have heard was pounding rain and thunder. They didn’t get any official warning of the rapidly rising waters …

Posted: Jul 09, 2025

Time to Change North Carolina’s Unique (and Antiquated) Rate Bureau System?

Insurance Journal

Insurance markets differ in important ways from state to state, and North Carolina’s stands out for two reasons. First, insurers responded to an exceptionally catastrophic storm in 2024—Hurricane Helene. The Tar Heel State bore $60 billion of t...

Posted: Jul 09, 2025

California Fails to Stop 23andMe Founder From Re-Acquiring Firm Amid Privacy Concerns

Insurance Journal

Genetic testing company 23andMe can proceed with a $305 million sale to the company’s co-founder Anne Wojcicki after a U.S. bankruptcy judge rejected California’s bid to delay the sale while the state appeals over privacy concerns related...

Posted: Jul 09, 2025

People Moves: ReSource Pro Appoints Hugh as CFO

Insurance Journal

ReSource Pro, headquartered in New York City, appointed Eugene “Gene” Hugh as chief financial officer (CFO). Hugh will lead the company’s accounting, financial planning and analysis, tax, treasury, legal, and mergers and acquisition...

Posted: Jul 09, 2025

Viewpoint: Rising False Advertising Claims Reveal Major Coverage Protection Gap

Insurance Journal

The steady rise in false advertising claims against consumer-facing companies has exposed a major insurance protection gap. The drivers of these legal actions are many and varied and include consumers’ growing – and regularly-shifting – health...

Posted: Jul 09, 2025

Barnard College Settles Lawsuit Brought by Jewish Students

Insurance Journal

Barnard College has settled a lawsuit that accused the college of not doing enough to combat antisemitism on campus, agreeing to a litany of demands that include banning masks at protests and refusing to meet or negotiate with a coalition …

Posted: Jul 09, 2025

Universalis rebrands as Acrisure Portugal following 2023 acquisition

Reinsurance News

Portuguese insurance broker Universalis is now officially operating as Acrisure Portugal Insurance Broker, following its acquisition by Acrisure in 2023. The rebrand reflects a deeper strategic alignment with Acrisure’s global identity and signals...

Posted: Jul 09, 2025

Construction Supervisor Sentenced for Obstructing Probe of Employee’s Fatal Fall

Insurance Journal

A Blue Point, New York man has been sentenced to one year in prison and two years of supervised release after pleading guilty to conspiracy and obstruction of an investigation into a fatal construction accident, according to the U.S. Department &#823...

Posted: Jul 09, 2025

People Moves: LP Insurance Services Names Rossi Executive Chairman, Cushard CEO and President

Insurance Journal

Rossi Named Executive Chairman, Cushard Named CEO and President at LP Insurance Services LLC LP Insurance Services LLC named Founder and CEO Nick Rossi as executive chairman. Rossi, who founded the company in 2010, will maintain a role supporting cli...

Posted: Jul 09, 2025

Get the Truth on Tape: How Side-View Cameras Protect Fleets

Insurance Journal

This post is part of a series sponsored by IAT Insurance Group. Lane-change incidents and sideswipe collisions are increasingly common but rarely clear-cut. Nearly 75% of large trucks involved in fatal crashes collided with another vehicle, which inc...

Posted: Jul 08, 2025

Liberate and Five Sigma Forge a Strategic Partnership to Revolutionize Insurance Claims Automation w...

coverager

Liberate, the conversational voice AI platform for insurance, has announced a strategic partnership with Five Sigma, the AI-native claims management technology innovator, to deliver a voice automated claims experience for insurers and policyholders.

Posted: Jul 08, 2025

Deadliest Floods in the US in the Past 25 Years

Carrier Management

Deadliest Floods in the US in the Past 25 Years Flooding has caused an average of more than 125 deaths...

Posted: Jul 08, 2025

Former California Agent Gets 4 Years in Prison for $3.7M Fine Art Insurance Scam

Carrier Management

Former California Agent Gets 4 Years in Prison for $3.7M Fine Art Insur...

Posted: Jul 08, 2025

Congress Urged Not to Axe Satellite Collision Prevention System

Carrier Management

Congress Urged Not to Axe Satellite Collision Prevention System Hundreds of U.S. companies on Tuesday urged Congr...

Posted: Jul 08, 2025

Impostor Uses AI to Impersonate Rubio, Contact Foreign and US Officials

Insurance Journal

The State Department is warning U.S. diplomats of attempts to impersonate Secretary of State Marco Rubio and possibly other officials using technology driven by artificial intelligence, according to two senior officials and a cable sent last week to...

Posted: Jul 08, 2025

Wrisk raises £12 million

coverager

Capital from Series B will fund continued investment in its European expansion, drive innovation in its proprietary technology and further strengthen its strong market position in the UK.

Posted: Jul 08, 2025

Adjuster Licensing and Your P&C Claims Processing Timelines

coverager

When having a licensed adjuster is critical to a speedy, compliant, and fraud-free claims process—which in turn delivers for the bottom line—it just won’t do to have manual errors and spreadsheet tracking slow you down.

Posted: Jul 08, 2025

Lemonade launches car insurance in Indiana

coverager

Lemonade Car is now available in states representing approximately 42% of the US car insurance market. 

Posted: Jul 08, 2025

Erie Insurance restores all operations following outage

coverager

Erie Insurance has resumed all business operations following a month long network outage.

Posted: Jul 08, 2025

MS Amlin consolidates brand under single identity

coverager

The change ensures that brokers, partners, and clients can directly associate the MS Amlin name with the company’s offerings.

Posted: Jul 08, 2025

Markel launches pre-loss services for UK cyber clients

coverager

These new offerings include a complimentary one-hour call with an experienced cyber and data risk lawyer from Markel Law.

Posted: Jul 08, 2025

QBE North America introduces life sciences insurance offering

coverager

The launch expands QBE's healthcare liability portfolio.

Posted: Jul 08, 2025

Honeycomb opens new headquarters in Chicago

coverager

Honeycomb is a digital insurance platform that provides real estate insurance for condo associations (HOAs), building owners, property managers, and developers.

Posted: Jul 08, 2025