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The electric grid for Boston and the surrounding region operated under a precautionary alert on Tuesday as the surplus of power was expected to narrow to a razor-thin margin amid soaring temperatures. ISO New England, the electric grid operator for &...
Posted: Jun 25, 2025
Months after fire tore through Los Angeles’ Pacific Palisades neighborhood, homeowners are struggling to get reimbursed — not for houses reduced to rubble, but for the damage of smoke and toxins in the properties that remain. For residents such...
Posted: Jun 25, 2025
Tropical Storm Andrea, the first tropical storm of the Atlantic hurricane season, was forecast to dissipate by Wednesday after forming at sea Tuesday, the National Hurricane Center said. The tropical storm was far from land in the middle of the ̷...
Posted: Jun 25, 2025
Political polarisation is increasing across the globe and bringing with it a wave of uncertainty that threatens both governments and businesses, according to the latest Political Risk Index published by Willis, an advisory, broking, and risk solut...
Posted: Jun 25, 2025
Ledgebrook Inc, a technology-driven excess and surplus lines managing general agency, recently completed the close of a $65 million funding round. The oversubscribed Series C round was led by existing investor The Stephens Group, LLC . Existing inves...
Posted: Jun 25, 2025
Miller, the independent specialist insurance and reinsurance broker, has announced the appointment of Martin Dimas as Head of Indonesia Desk, Singapore. In this role, Dimas will be responsible for driving the growth of Miller’s Indonesian reinsura...
Posted: Jun 25, 2025
Pinpoint UK Solutions Ltd, the UK-based MGA of AM Specialty Insurance Group, has officially launched operations in the UK after being appointed as an Appointed Representative (AR) of Resolution Underwriting Partnership Ltd. As an AR—a regulated st...
Posted: Jun 25, 2025
Canopius Managing Agents Ltd (Canopius) has announced that Equus Claims Management Ltd (Equus) has been approved as a Lloyd’s Delegated Claims Administrator (DCA), following sponsorship by Canopius. Equus is a liability adjusting firm specialising...
Posted: Jun 25, 2025
A Maryland resident with 414 outstanding traffic citations, including 360 for excessive speeding, is being hauled into court by District of Columbia Attorney General Brian L. Schwalb who is seeking to collect the $168,168 in unpaid fines and penaltie...
Posted: Jun 25, 2025
According to a new market segment report from AM Best, direct premiums written (DPW) for US cyber insurance declined by 2.3% in 2024, dropping to just under $7.1 billion. This marks the first recorded decrease in the segment since the National Ass...
Posted: Jun 25, 2025
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has announced the appointment of Eric Malterre as Chief Underwriting Officer, a newly created role. Malterre will leverage his 25 years of international insurance experienc...
Posted: Jun 25, 2025
Berkley Cyber Risk Solutions has introduced its new Incident Responder Enhancement Endorsement, aimed at addressing the frequently overlooked human impact of responding to cyber breach events. The endorsement offers reimbursement for cancelled vac...
Posted: Jun 25, 2025
Selective Insurance has announced the appointment of Ari Moskowitz as Chief Risk & Reinsurance Officer. Moskowitz brings nearly 20 years of re/insurance industry experience, with strong expertise in actuarial pricing and risk management. He re...
Posted: Jun 25, 2025
Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, has announced the launch of its Korea Desk, led by Brian Jee. Jee has been appointed Head of Korea and Senior Financial Lines Underwriter. He brings nearly 15 yea...
Posted: Jun 25, 2025
Brit Group Holdings Limited has revealed the launch of Brit Flood, a new digital underwriting platform for the US flood market. Brit explained that the new development is built on its in-house technology platform and can offer instant quotes for p...
Posted: Jun 25, 2025
Brit Group Holdings Limited has revealed the launch of Brit Flood, a new digital underwriting platform for the US flood market. Brit explained that the new development is built on its in-house technology platform and can offer instant quotes for p...
Posted: Jun 25, 2025
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 as the world...
Posted: Jun 25, 2025
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 as the world...
Posted: Jun 25, 2025
Alasdair Walker is to succeed Li Sheung Kin (S.K.) as Chief Executive Officer (CEO) of Sompo Hong Kong, subject to appropriate local regulatory and immigration approvals, as the executive retires after 24 years with the company. Li has held severa...
Posted: Jun 25, 2025
Effective July 1, 2025, AXA is unifying its AXA Group and AXA XL Ceded Reinsurance (Ceded Re) teams to form a single, integrated Ceded Re team. This move aims to enhance alignment, streamline operations, and drive greater efficiency. As per AXA, t...
Posted: Jun 25, 2025
Global insurer and reinsurer Everest Group has appointed Allan Levine as an independent, non-executive member of its Board of Directors. His appointment follows the expansion of Everest’s Board, following the recent appointments of Darryl Page an...
Posted: Jun 25, 2025
Lockton, a privately held insurance brokerage, has partnered with Parametrix, a provider of digital business interruption risk solutions, to launch Service Level Agreement (SLA) breach coverage to the data center market. The pair explained that th...
Posted: Jun 25, 2025
Dozens of researchers are chasing, driving and running into storms to collect fresh hail, getting their car bodies and their own bodies dented in the name of science. They hope these hailstones will reveal secrets about storms, damage and maybe ̷...
Posted: Jun 25, 2025
Global specialty re/insurer Ascot Group has announced the appointment of Steven Goldman as Global Head of Distribution, a newly created role, effective July 7, 2025. Based in Stamford, CT., Goldman has been tasked with developing, leading and exec...
Posted: Jun 25, 2025
French investigators on Tuesday ordered Tesla to stop what they called “deceptive business practices” or face thousands of euros in fines. Investigators at the finance ministry’s Competition, Consumer Affairs and Fraud Control offic...
Posted: Jun 25, 2025
Willis, part of the WTW group, has introduced Zest Insurance, a new digital insurance platform built specifically for small and medium-sized enterprises (SMEs) in Australia. The launch signals a shift in how smaller businesses can access and manag...
Posted: Jun 25, 2025
India’s aviation safety regulator found multiple aircraft-maintenance lapses in an audit of airlines and airports ordered after the crash of Air India flight AI171, including recurring defects that indicate inadequate monitoring and correction....
Posted: Jun 25, 2025
Warburg Pincus is in talks with Premji Invest and State Bank of India about selling them its stake of about 10% in SBI General Insurance Co., according to people familiar with the matter. The firm is finalizing details of an …
Posted: Jun 25, 2025
Google had a pretty bad day recently. The kind of day that would make Spotify stop singing, Discord and Snapchat go quiet, and give retailer Marks & Spencer a panic attack. Why? Because too many companies are leaning on a …
Posted: Jun 25, 2025
A federal judge in San Francisco ruled late on Monday that Anthropic’s use of books without permission to train its artificial intelligence system was legal under U.S. copyright law. Siding with tech companies on a pivotal question for the AI &...
Posted: Jun 25, 2025
Wildfire warnings were issued across the Mediterranean, as temperatures soar to 40C (104F) in parts of Spain, Italy, and Greece. Italian authorities are already tackling a blaze near the town of Bernalda in Basilicata [Italy], while Greece has drafte...
Posted: Jun 25, 2025
An Alabama law firm wasted little time in filing a proposed class-action lawsuit against Aflac Inc., claiming the supplemental insurance giant knew the risks of a cyberattack and failed to protect policyholders’ private information. “Defe...
Posted: Jun 25, 2025
An Alabama law firm wasted little time in filing a proposed class-action lawsuit against Aflac Inc., claiming the supplemental insurance giant knew the risks of a cyberattack and failed to protect policyholders’ private information. “Defe...
Posted: Jun 25, 2025
Assets designed to help fight climate change may soon risk losing access to insurance unless they’re adequately shielded from extreme weather events. Roughly 46% of Europe’s total renewable generation capacity will be at “critical r...
Posted: Jun 25, 2025
Two Florida men, one a former life insurance broker, have been indicted in what prosecutors describe as a scheme to steal more than $100 million from a nonprofit that managed funds for people with disabilities and special needs. Federal authorities &...
Posted: Jun 25, 2025
Roosevelt Road Specialty, a specialty managing general underwriter, has appointed Brendan Cook as Chief Underwriting Officer (CUO) of Property. In this role, Cook will lead the company’s property underwriting strategy, overseeing risk selection, p...
Posted: Jun 25, 2025
A Colorado dance hall operator must pay $100,000 to former employees to settle a sexual harassment and retaliation lawsuit ‘Murica LLC, operator of the Western-themed Starlite Station bar and dance hall in Greeley, Colorado, and its owners were...
Posted: Jun 25, 2025
First Named Tropical Storm of the Season Forms in the Atlantic Tropical Storm Andrea has formed in t...
Posted: Jun 24, 2025
Researchers Collected 4,000 Hailstones While Chasing Storms Dozens of researchers are chasing, driving...
Posted: Jun 24, 2025
Commercial Fleet Report Shows Collision Rates, Close Calls Rise Despite a 24 percent increase...
Posted: Jun 24, 2025
The new platform gives medical malpractice brokers real-time access to policy data and physician-level pricing.
Posted: Jun 24, 2025
The new connection enables Applied Epic users to streamline certificate issuance and compliance with vendor networks.
Posted: Jun 24, 2025
The transportation-focused insurer adopts Origami’s SaaS solution to transform policy, billing, and claims across U.S. and Canada operations.
Posted: Jun 24, 2025
Aon now gives clients full access to the assumptions, data, and inputs behind its Florida hurricane model.
Posted: Jun 24, 2025
As insurtech innovates beyond the inefficient and highly manual legacy tools of the past, finding a modern solution to hierarchy management shouldn’t be an afterthought.
Posted: Jun 24, 2025
To date, Orus has raised €41 million across three funding rounds.
Posted: Jun 24, 2025