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As sustainable solutions become mainstream in buildings across North America, property owners and risk managers must understand the unique hazards posed by solar panels, electric vehicles, and mass timber construction. The post
Posted: Dec 17, 2025
LA wildfires drive 2025 insured losses to $107 billion, with U.S. accounting for 83% of global total, according to Swiss Re Institute. The post
Posted: Dec 17, 2025
The cannabis world is buzzing about a possible move to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act. If it happens, it will be a meaningful shift—especially for taxes and market access—but it will not ̷...
Posted: Dec 17, 2025
Posted: Dec 17, 2025
Sedgwick survey reveals 70% of organizations have established AI governance committees, yet only 14% report full deployment preparedness. The post
Posted: Dec 17, 2025
Posted: Dec 17, 2025
Posted: Dec 17, 2025
Georgia Insurance Commissioner John King announced more auto insurance rate reductions for motorists in the state—the second announcement in as many months. King credited tort-reform laws and stepped-up efforts to combat insurance fraud. “As we...
Posted: Dec 17, 2025
As third-party litigation funding reshapes the American court system, consumers and businesses alike face mounting financial consequences, but reform efforts offer hope for change. The post
Posted: Dec 17, 2025
Fitch Ratings has assigned a ‘neutral’ global sector outlook for the insurance industry in 2026, which reflects a stable operating environment in most markets and a sector that remains resilient, despite facing increasingly challenging conditions...
Posted: Dec 17, 2025
Jencap, one of the largest wholesale brokerages in the U.S., announced that John Michael “JM” Edge, formerly of Amwins, is the new property and casualty binding team manager for Atlanta, Charlotte and Denver teams. Edge spent more than 10...
Posted: Dec 17, 2025
Global re/insurer Vantage Group Holdings Ltd. has named experienced finance executive Steve Robb as its new Group Chief Financial Officer (CFO), reporting to Greg Hendrick, the company’s Chief Executive Officer (CEO). Robb assumes the new ro...
Posted: Dec 17, 2025
“Megadeals” are ruling insurance industry mergers and acquisitions as action remained consistent throughout 2025, with the prospect that the need for growth with drive more deals in 2026. According to a new report from PwC, 93% of deal va...
Posted: Dec 17, 2025
This edition of International People Moves details appointments at Hamilton Insurance Group and MGA Arrow Risk Management. A summary of these new hires follows here. Hamilton Re Promotes Hunt to SVP, Head of Property Insurance Hamilton Insurance Grou...
Posted: Dec 17, 2025
Most P&C insurers are using AI, but few are deploying it where it matters most, according to Bain & Co. The post Generative AI in Insu...
Posted: Dec 17, 2025
Fitch Ratings has upgraded Oman Re’s Insurer Financial Strength (IFS) Rating to ‘BBB’ from ‘BBB-‘, assigning a Stable Outlook. According to Fitch, the upgrade reflects reduced investment and asset risk following the u...
Posted: Dec 17, 2025
Insurance technology provider Zywave unveiled an agentic AI strategy, and what it calls the industry’s first suite of insurance-specialized AI agents. The agents will help insurance companies transform how they work and achieve unprecedented le...
Posted: Dec 17, 2025
India’s parliament on Wednesday approved a bill to raise foreign direct investment in the insurance sector to 100% from 74%, a move that will help insure more people in the world’s most populous country. The increase in the FDI limit R...
Posted: Dec 17, 2025
Kentucky’s Transportation Cabinet and Department of Insurance have launched a new vehicle insurance verification system, and auto insurers have until Jan. 15 to start getting on board. The new Kentucky Insurance Verification System, authorized...
Posted: Dec 17, 2025
Xianwei Lee, an executive with extensive experience in cross-border transactions and deep understanding of the Asian market, has joined Howden, the global insurance and reinsurance broking group, as Head of M&A, Asia. In his new role, Xianwei...
Posted: Dec 17, 2025
A Connecticut court has awarded $32 million to the estate of a child born prematurely who died three months later after being given a cow-based nutrition fortifier by Yale New Haven Hospital without the parents’ or any consent. The decision ...
Posted: Dec 17, 2025
Insurance Business Magazine - US
Posted: Dec 17, 2025
Insurance Business Magazine - US
Posted: Dec 17, 2025
PwC has disclosed that the insurance sector recorded $31.8 billion in M&A deals across 207 transactions between June 1 and November 30, and expects deal activity in 2026 to be broadly in line with this year. According to the firm, deal flow ha...
Posted: Dec 17, 2025
Rain will ease Wednesday across the Pacific Northwest after floods and winds left at least 600,000 without power, forced hundreds of people in Washington to flee their homes and killed at least one person. The respite is expected to be …
Posted: Dec 17, 2025
When the US Federal Emergency Management Agency overhauled rates for millions of homeowners in the National Flood Insurance Program (NFIP), in 2021, the goal was to end decades of underpricing and to align premiums with real flood risk, driven higher...
Posted: Dec 17, 2025
Independent Lloyd’s insurance and reinsurance broker ATL has expanded into the Specialty Lines market with the appointment of James Wilson. In his new role as Director, Wilson will lead ATL’s expansion into M&A, Tax, and Capital Risks, alongsi...
Posted: Dec 17, 2025
Brokerage Hub International said it has added former CNA chief executive officer and executive chairman Dino Robusto as chairman of the board, and former USAA president and CEO Wayne Peacock as director of the board. “The addition of both of &#...
Posted: Dec 17, 2025
The International Group of P&I Clubs (IG) has finalised its Pooling and Group Excess of Loss (GXL) reinsurance structure for the 2026/27 policy year, introducing two key changes as the environment shifts back toward higher levels of pool claim...
Posted: Dec 17, 2025
LA Fires and U.S. Severe Convective Storms Drive Insured Losses of...
Posted: Dec 17, 2025
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry As McKinsey & Co. partne...
Posted: Dec 17, 2025
State Insurance Legislators ‘Greatly Disturbed’ by Trump AI Regulation Orde...
Posted: Dec 17, 2025
Executives on the Move at HSB, American Modern Insurance Group, AIG Munich Re Specialty announced...
Posted: Dec 17, 2025
A California regulator has deferred an order for Tesla to suspend sales in its biggest U.S. market, giving the electric vehicle maker more time to address its accusation of misleading marketing and overstating self-driving capabilities. The Departmen...
Posted: Dec 17, 2025
Specialist insurer CFC has appointed Justin Camara, formerly of Aspen Insurance Holdings, as Chief Executive Officer (CEO) of CFC USA, tasked with leading the carrier’s growth strategy in the country. Expected to start his new role in the fi...
Posted: Dec 17, 2025
Specialist insurer CFC said it has named Justin Camara as chief executive officer of CFC USA Camara, a 30-year industry veteran, will arrive to lead CFC USA’s growth strategy in the U.S. from his latest role as executive vice president …
Posted: Dec 17, 2025
Moody’s Ratings expects reinsurance supply and demand to favour buyers at the key January 1st, 2026, renewals, with pricing for property catastrophe reinsurance likely to fall in the range of 15%, with variations by both region and peril. Af...
Posted: Dec 17, 2025
The European insurers that S&P rates displayed good operating performance in the life and non-life segments in 2025, and we expect they will largely continue to do so in 2026. The European insurance sector is exposed to many external risks, ̷...
Posted: Dec 17, 2025
Posted: Dec 17, 2025
BMS Group has announced a strategic partnership with Berns Brett India, signalling its expansion into the Indian market, with the local entity set to be rebranded BMS (India) Ltd pending regulatory approval. Nick Gillett, CEO of BMS International,...
Posted: Dec 17, 2025