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Firefighters Battle Major Wildfire on Greek Island of Chios, With Evacuations Ordered

Insurance Journal

Greek authorities sent new evacuation notifications for two areas near the main town of the eastern Aegean island of Chios Monday morning, as firefighters struggled to control a major wildfire raging on the town’s outskirts for a second day. Th...

Posted: Jun 24, 2025

Robust reinsurance coverage a buffer against Middle East geopolitical risk: Morningstar DBRS

Reinsurance News

Firms with robust reinsurance coverage, conservative investment strategies, and proactive enterprise risk management frameworks are better equipped to withstand the volatility stemming from the ongoing hostilities between Iran and Israel, accordin...

Posted: Jun 24, 2025

Coal Loophole Undermines Bank Pledges to Cut Fossil Fuel Funding

Insurance Journal

In the parts of the financial world that have spent the decade since the Paris Agreement trying to curb the most-polluting fossil fuel, there are actually two distinct types of coal — with two very different sets of rules. Thermal …

Posted: Jun 24, 2025

Drought triggers £261K parametric payout for Pakistan’s chilli farmers

Reinsurance News

A severe drought in Pakistan has triggered a £261,243 parametric insurance payout to Tearfund, directly supporting chilli farmers in the southern region of the country. The payout was triggered by a severe period of hot and dry weather resulting i...

Posted: Jun 24, 2025

Escalating Hormuz Tensions Drive Up Middle East War Risk Insurance Costs: Sources

Insurance Journal

U.S. and Israeli attacks on Iran and Tehran’s reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday. War risk insurance premiums for shipments to the …

Posted: Jun 24, 2025

MAPFRE USA appoints Mark Pasko as EVP, Counsel and Secretary of US

Reinsurance News

MAPFRE USA, the holding company for a number of property and casualty insurance companies, has appointed Mark Pasko as Executive Vice President (EVP), General Counsel and Secretary of US operations, effective July 21st, 2025. In his new role, Pask...

Posted: Jun 24, 2025

Tokio Marine Hunts for Deals Abroad, Sees Room for Growth in US

Insurance Journal

Tokio Marine Holdings Inc. sees scope for further expansion in the US as Japan’s largest property-and-casualty insurer explores acquisition opportunities around the world, its new chief executive officer said. “We want to expand in countr...

Posted: Jun 24, 2025

Commercial insurance rate increases to moderate in 2025: KBW

Reinsurance News

Keefe, Bruyette & Woods, Inc. (KBW), an investment bank and research firm focused on financial services, expects overall commercial insurance rate increases to moderate in 2025 following years of compounding gains across most lines of business...

Posted: Jun 24, 2025

HDI’s Sutherland appointed Chair of IUA’s Aviation Claims Committee

Reinsurance News

The International Underwriting Association (IUA) has announced its Aviation Claims Committee has appointed James Sutherland, from HDI Global SE, as its new Chair, and Paul Lamport of AIG as its new Deputy Chair. Sutherland’s current role at HDI Gl...

Posted: Jun 24, 2025

New insurance solution from Ryan Transactional Risk targets environmental remediation costs

Reinsurance News

Ryan Transactional Risk,  a managing general underwriter and part of Ryan Specialty, has announced the launch of a new insurance product focused on environmental liability. The new offering, Ryan Transactional Risk Enviro, is designed to insure ag...

Posted: Jun 24, 2025

Travelers Subsidiary Ordered to Pay $44M in Missouri Wrongful Conviction Case

Insurance Journal

A man won $11 million in a lawsuit against police after his conviction for killing a Missouri newspaper’s sports editor was overturned, but the city’s former insurer resisted paying most of it for almost three years. A Missouri judge this...

Posted: Jun 24, 2025

Ford Recalls Nearly 200,000 Mustang Mach Es Due to Faulty Door Latches

Insurance Journal

Ford Motor Co. is recalling nearly 200,000 electric Mustangs because the door latches could falter, potentially trapping passengers in the back seat. The National Highway Traffic Safety Administration said Dearborn, Michigan-based Ford is recalling 1...

Posted: Jun 24, 2025

Western Digital Convinces Judge to Throw Out $552.7M Patent Award

Insurance Journal

Data storage provider Western Digital has convinced a California federal judge to reduce a $552.7 million award against it in a patent dispute over data encryption to just $1, according to a court order made public on Monday. U.S. District …

Posted: Jun 24, 2025

5 Taken to Hospital in NC After Flight From Miami Hits Turbulence

Insurance Journal

Five people were taken to a North Carolina hospital after a flight from Miami hit turbulence Sunday night, officials said. Fire and rescue crews responded to the flight after it arrived at Raleigh-Durham International Airport around 11:30 p.m. and br...

Posted: Jun 24, 2025

DeSantis Signs Law Giving Condo Owners Some Relief, But Questions Remain

Insurance Journal

Florida condominium residents grappling with the steep cost of building improvements will get some financial relief under a new bill signed into law by Republican Gov. Ron DeSantis on Monday. House Bill 913 gives condo homeowner associations more fle...

Posted: Jun 24, 2025

Chubb’s Westchester appoints Dave Roberts as Chief Operating Officer

Reinsurance News

Westchester, global insurer Chubb’s excess and surplus lines division, has announced the appointment of Dave Roberts as Chief Operating Officer. In this role, Roberts will oversee operations for Westchester’s recently established Property, Casualt...

Posted: Jun 24, 2025

UNLV Launches Bachelor’s Degree in Insurance And Risk Management

Insurance Journal

When school begins at the University of Nevada, Las Vegas, students will have a chance to undertake a bachelor’s degree program in insurance and risk management. The school got the new program approved this month. The first cohort of 35 …

Posted: Jun 24, 2025

Move Over Mainframes: What Modern Hierarchy Management Looks Like and Why It Matters

Insurance Journal

This post is part of a series sponsored by AgentSync. Not long ago, the insurance industry was ripe with areas of opportunity for digital transformation. Nowadays, from electronic signature tools to AI customer service chatbots to full-scale distribu...

Posted: Jun 23, 2025

Soaring Temperatures Stress US Grids

Insurance Journal

Blistering heat is straining power grids across the eastern half of the US, leading to a blackout in part of New York City’s borough of Queens as the local utility issued a warning to conserve electricity. Consolidated Edison Inc. is …

Posted: Jun 23, 2025

The Tariff Tipping Point: Is Your P&C Portfolio Exposed?

coverager

This article explores how tariffs are reshaping the industry across claims, risk assessment, operational forecasting, and strategy, and most importantly, what insurers can do to regain control and confidently navigate these changes.

Posted: Jun 23, 2025

Lighthouse Life acquires ClearLife

coverager

ClearLife will continue operating under its leadership, with all employees retained.

Posted: Jun 23, 2025

CCC launches pay management tool

coverager

CCC Pay Workflow is part of the company’s broader push to digitize and simplify operations for repair facilities.

Posted: Jun 23, 2025

Insurer Ordered to Pay $44M to Man Freed From a Missouri Prison

Carrier Management

Insurer Ordered to Pay $44M to Man Freed From a Missouri Prison A man won $11 million in a lawsuit agai...

Posted: Jun 23, 2025

Tesla Tests Robotaxis in Texas

Carrier Management

Tesla Tests Robotaxis in Texas Tesla deployed a small group of self-...

Posted: Jun 23, 2025

Record 72.2M Americans Plan Domestic Travel Over July 4th Holiday

Carrier Management

Record 72.2M Americans Plan Domestic Travel Over July 4th Holiday The Independence Day holiday is going...

Posted: Jun 23, 2025

California’s Crackdown on Organized Retail Theft Nets $6.5M in Stolen Goods Seized

Carrier Management

California’s Crackdown on Organized Retail Theft Nets $6.5M in Stolen Goods Seized California...

Posted: Jun 23, 2025

Adaptive and Tokio Marine HCC Launch Parametric Power Outage Insurance

IIR

The partnership introduces coverage in 18 states to support businesses facing weather-related power outages.

Posted: Jun 23, 2025

SageSure Launches Free Electrical Fire Prevention Program in Louisiana

IIR

The Ting-powered offering gives eligible policyholders plug-in sensor, app, and repair credit to help reduce electrical fire risk.

Posted: Jun 23, 2025

Ascot Names Steven Goldman Global Head of Distribution

IIR

The seasoned executive joins to strengthen client service across U.S., U.K. and Bermuda platforms.

Posted: Jun 23, 2025

Epoq Launches Enhanced Platform to Help Carriers Reduce Liability Risk

IIR

New InsurTech offering combines legal documents, mediation insurance, and AI‑enabled services to address rising litigation exposure.

Posted: Jun 23, 2025

Tesla Finally Launches Its Robotaxi. What Comes Next?

Insurance Thought Leadership

Tesla Finally Launches Its Robotaxi. What Comes Next? PaulCarroll Mon, 06/23/2025 - 18:05 Now...

Posted: Jun 23, 2025

Leading MGA Goes Live on Expert Insured

Insurance Journal

This post is part of a series sponsored by Expert Insured. Leading MGA Goes Live on Expert Insured — A New Chapter in MGA Innovation We’re excited to share that NEC Specialty Inc. (NECS) has officially gone live on Expert …

Posted: Jun 23, 2025

Predict & Prevent® Podcast Episode 19: Beyond Prediction: Wildfire Mitigation That Works

Risk & Insurance

Green Shield Risk Solutions is tackling the wildfire crisis head-on, proving that with the right technology and expertise, these risks can be successfully managed rather than simply avoided. The post

Posted: Jun 23, 2025

People Moves: Starkweather & Shepley Unveils Promotions, Officer Advancements

Insurance Journal

Starkweather & Shepley Insurance Brokerage Inc., headquartered in East Providence, Rhode Island, made several recent promotions and advancements in officer positions, including: Starkweather & Shepley Insurance Brokerage Inc. Andrew J. Fotopu...

Posted: Jun 23, 2025

Protected: Navigating the Changing Landscape of 831(b) Micro-Captives: How Recent Regulations are Re...

Risk & Insurance

There is no excerpt because this is a protected post. The post Protected: Navigati...

Posted: Jun 23, 2025

Citizens secures $4.49bn risk transfer target for 2025 with lower ROL for new reinsurance

Reinsurance News

Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, has cited favourable market conditions as it was able to successfully place its target risk transfer programme of $4.49 billion for the 2025 wind se...

Posted: Jun 23, 2025

Findevor Launches AI Product for Legal System Abuse

coverager

U.S. insurers face est. $425B+ in annual litigation exposure—Findevor’s AI agents are like hiring 100 digital data analysts to stop it before it hits your book. New York, NY — Findevor, a...

Posted: Jun 23, 2025

Aon launches Aon Broker Copilot

coverager

The platform integrates with Aon’s suite of Risk Analyzer.

Posted: Jun 23, 2025

COVR Global raises $2.5 million

coverager

COVR currently operates across the UK, Spain, Japan and Australia.

Posted: Jun 23, 2025

MS Transverse receives A+ credit rating upgrade from A.M. Best

coverager

MS Transverse is a hybrid fronting carrier in North America and a subsidiary of MSIG Holdings.

Posted: Jun 23, 2025