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LAKE LURE, North Carolina, June 17 (Reuters) – When Hurricane Helene’s flood waters slammed into Lake Lure’s century-old dam last September, gouging a massive scar into one embankment and cascading five months’ worth of rain d...
Posted: Jun 26, 2025
Davies, a specialist professional services and technology company, has announced the appointment of James Ferris as CEO of its Captive Management business, effective 1st July 2025. Based in Bermuda, Ferris succeeds Nick Frost, who will assume the...
Posted: Jun 26, 2025
K2 Cyber, a K2 Insurance Services brand and the provider of Intelligent Cyber Insurance™, has entered a partnership with Liberty Mutual Insurance and its Ironshore programs group, to provide intelligent cyber insurance to small and medium-sized bu...
Posted: Jun 26, 2025
Marine, aviation, cyber, and terrorism insurers face immediate underwriting pressures and potential accumulation losses as a result of heightened hostilities between Iran and Israel, according to Morningstar DBRS. In addition, the report said, reinsu...
Posted: Jun 26, 2025
An Illinois chiropractor was sentenced to 20 months in prison and ordered to repay more than $2.3 million, following convictions on multiple charges related to a scheme to defraud Medicare and twelve other insurance companies, the U.S. Attorney’...
Posted: Jun 26, 2025
Inszone Insurance Services announced its acquisition of Osterts and Associates, LLC, a insurance agency based in Plano, Texas. This acquisition grows Inszone’s capabilities and further expands its presence in Texas, allowing the company to furt...
Posted: Jun 26, 2025
Oliver Wyman, a management consulting firm and part of Marsh McLennan, has announced an agreement to acquire Validate Health, a healthcare analytics company that supports healthcare providers and Accountable Care Organisations (ACOs) in improving...
Posted: Jun 26, 2025
If this latest wave of retail cyberattacks proves anything, it’s that any business in any sector and of any size can find itself breached. These aren’t fringe incidents anymore; they’re national news, hitting high-street brands and...
Posted: Jun 26, 2025
Cowbell, a cyber insurance provider focused on small and medium-sized enterprises (SMEs), has expanded its product lineup in the US by launching Zurich Select Plus, a co-branded insurance offering developed in partnership with Zurich North America...
Posted: Jun 26, 2025
Insurance Business Magazine - US
Posted: Jun 26, 2025
Parametric insurance company Descartes Underwriting has a new flood insurance product it said delivers better protection for US businesses, investors, and homeowners associations. Any type of business and industry class may be covered. Limits of up t...
Posted: Jun 26, 2025
With a ban off the table for now, Texas hemp industry leaders said they are amenable to state lawmakers imposing more regulations on their THC products, such as age restrictions on purchases and more testing of their products, but caution …
Posted: Jun 26, 2025
DialAmerica Marketing, LLC, a provider of telemarketing and call-center services for third-party clients, will pay $85,000 to settle a lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC) charging race and sex discrimination and...
Posted: Jun 26, 2025
SpaceX’s Starship rocket launches in Texas have polluted an area across the border with debris, Mexican President Claudia Sheinbaum said. The president will meet with her cabinet soon on the “security and environmental impacts” of t...
Posted: Jun 26, 2025
Tim Cerio, President, CEO, and Executive Director of Citizens Property Insurance Corporation, has suggested that Florida’s property insurance market is strong and well on the path to recovery, largely due to legislative reforms enacted in 2022. Ac...
Posted: Jun 26, 2025
The American Civil Liberties Union filed a lawsuit Wednesday on behalf of a 14-year-old student who said a teacher humiliated her for refusing to stand for the Pledge of Allegiance in protest of U.S. support of Israel’s war in Gaza. …
Posted: Jun 26, 2025
Corebridge Financial has entered into an agreement with CS Life Re, a subsidiary of Venerable Holdings, to reinsure all the variable annuities of its Individual Retirement business. Explained, Venerable is set to reinsure approximately $51 billion...
Posted: Jun 26, 2025
France is ordering an extra 800,000 cars with Takata airbags to be taken off the road, two weeks after a woman died in the northeastern town of Reims from injuries related to a faulty airbag. The move is the latest …
Posted: Jun 26, 2025
State officials in Pennsylvania are warning consumers after a scam was reported involving someone posing as a Commonwealth employee. The reported scam uses a fake email to target older citizens and request money through licensed financial institution...
Posted: Jun 26, 2025
A federal judge ruled on Wednesday for Meta Platforms against a group of authors who had argued that its use of their books without permission to train its artificial intelligence system infringed their copyrights. U.S. District Judge Vince Chhabria,...
Posted: Jun 26, 2025
Descartes Underwriting, a specialist in corporate parametric insurance solutions for climate and emerging risks, has launched a new fully customisable Flood-at-Location parametric flood insurance product for US commercial customers. Backed by exte...
Posted: Jun 26, 2025
Visa defeated a proposed class action lawsuit on Monday by consumers who accused the world’s largest card payments network of failing to warn that its prepaid “Vanilla” gift cards were susceptible to being drained by thieves. U.S. D...
Posted: Jun 26, 2025
Howden, the global insurance and reinsurance broking group, has announced the appointment of Robert Kennedy as CEO of Howden UK & Ireland, effective 1st October 2025. In this role, Kennedy will report to David Howden, CEO of Howden. Kennedy jo...
Posted: Jun 26, 2025
The Board of Directors of Covéa Group, the French mutual insurer, has appointed Maud Petit as chief executive officer, while Thierry Derez has been named chair of the Board of Directors. Derez succeeds Michel Gougnard who has been named vice …
Posted: Jun 26, 2025
While more global executives cite cyber risk as their greatest threat this year compared to 2024, 83% say they feel prepared to counter it—up from 74% last year—potentially indicating a false sense of security, as many organisations still lack the...
Posted: Jun 26, 2025
AM Best has revised the Long-Term Issuer Credit Rating (Long-Term ICR) outlook of Florida Family Insurance Company and its subsidiary, Florida Family Home Insurance Company, to positive from stable, and affirmed the Financial Strength Rating of B+...
Posted: Jun 26, 2025
Commercial and specialty lines insurer HDI Global SE has announced the appointment of Dr Christian Wegener as Head of Investment Management. Wegener is succeeding Thorsten Wölbern, who is moving to new challenges within the company after 15 years...
Posted: Jun 26, 2025
Lloyd’s global insurer and reinsurer MS Amlin has announced the appointment of Gisela Nilsson as Political Violence Senior Underwriter. Nilsson brings over 15 years of specialist underwriting experience. She joins from Talbot Underwriting, w...
Posted: Jun 26, 2025
Pension Insurance Corporation plc (“PIC”), a provider of insurance solutions for defined benefit pension schemes, has arranged buy-in transactions with three pension plans associated with Baker Hughes (“the Company”): the Baker Hughes (UK) Pension...
Posted: Jun 26, 2025
Insurance Europe, the organisation representing the European insurance and reinsurance sector, is welcoming the European Commission’s review of the Cybersecurity Act (CSA), a move aimed at simplifying regulations and easing the administrative burd...
Posted: Jun 26, 2025
The European Commission on Wednesday put forward the EU Space Act, a long-awaited overhaul of regulations affecting its fast-growing space industry. The legislation aims to create a single market for firms offering space services in the bloc while bo...
Posted: Jun 26, 2025
A cyberattack that caused disruption at hospitals in London last year contributed to the death of a patient, health officials have confirmed for the first time. The incident occurred after a Russian hacking gang in June 2024 targeted Synnovis, a R...
Posted: Jun 26, 2025
According to a report released by S&P Global Ratings, a provider of credit ratings, the French insurance industry is well positioned to sustain both profitability and moderate growth over the coming years. Despite economic headwinds and rising...
Posted: Jun 26, 2025
Insurer FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion ($442.08 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday. The pan-Asian insurer is offering 91.3 million share...
Posted: Jun 26, 2025
Europe’s heat wave is intensifying, fueling wildfires across the Mediterranean and threatening to curb electricity generation from both nuclear and hydropower plants. Temperatures in Spain are forecast to hit 39C (102F) on Wednesday, but could...
Posted: Jun 26, 2025
Everest Group, Ltd., a provider of property, casualty, and specialty reinsurance and insurance, announced that Pamela Sinclair will join the company as Executive Vice President and Chief Human Resources Officer, effective July 14. She will report...
Posted: Jun 26, 2025
Concirrus, a provider of AI-centric insurance solutions, has partnered with one of Lloyd’s leading digital syndicates to redefine underwriting performance in the London Market by optimising submission processing, improving risk analytics, an...
Posted: Jun 26, 2025
Tariffs, enhanced technology to defeat law enforcement along with profitability of criminal enterprises, and geopolitical circumstances have led to an increased threat to the global supply chain, according to the National Insurance Crime Bureau (NICB...
Posted: Jun 26, 2025
Microsoft has been hit with a lawsuit by a group of authors who claim the company used their books without permission to train its Megatron artificial intelligence model. Kai Bird, Jia Tolentino, Daniel Okrent and several others alleged that Microsof...
Posted: Jun 26, 2025
Three years after Citizens Property Insurance Corp. made the unprecedented move to resolve many of its residential claims disputes through a state agency instead of through litigation, officials are now planning to send some commercial claims down th...
Posted: Jun 26, 2025
At Wednesday’s Board of Governors meetings, a Citizens Property Insurance Corp. committee voted to move ahead with the full, 15% average rate increase for personal lines in 2026 – the largest increase allowed under Citizens’ statutory gli...
Posted: Jun 26, 2025
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 in double digits …
Posted: Jun 26, 2025
HEMIC Insurance Managers is accepting apartment and condominium owner associations (AOAO) applications for hurricane coverage from Hawaii licensed insurance agents. The Department of Commerce and Consumer Affairs announced that the Hawaii Hurricane R...
Posted: Jun 26, 2025
Professional services firm Accenture has invested in Reserv, an insurance claims processing company that complements deep claims expertise with AI-driven solutions through Accenture Ventures, with the terms of the transaction undisclosed. The inve...
Posted: Jun 26, 2025
The Massachusetts Institute of Technology was sued by an instructor and a former student who claim the school’s administration failed to address a “hostile anti-Semitic environment” on campus following the Oct. 7, 2023, attacks in I...
Posted: Jun 26, 2025