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Chubb, The Hartford, Liberty and Travelers Team up on Su...
Posted: Dec 08, 2025
President Donald Trump said on Monday he would sign an executive order this week that he said would create a single national rule for artificial intelligence, which the industry has said is necessary to override disparate laws passed by U.S. …
Posted: Dec 08, 2025
Westfield Appoints Scholz as Enterprise CIO Westfield, a U.S.-based property and casualty insurance company headquartered in Westfield Center, Ohio, appointed Lloyd Scholz as enterprise chief information officer (CIO). Reporting directly to CEO and B...
Posted: Dec 08, 2025
Missouri Attorney General Catherine Hanaway announced that her office has filed felony charges against James G. Bennett, operating as Bath Planet, for allegedly defrauding consumers by accepting payments for bathroom remodeling services he never comp...
Posted: Dec 08, 2025
Decision reinforces that original carriers remain liable for injury recurrences, illustrating how prior claim settlements can permanently bar future compensation when old injuries resurface. The post
Posted: Dec 08, 2025
Bowen, Miclette & Britt Insurance Agency, LLC has continued the expansion of its Surety team with the addition of John Anthony Martinez, who brings nearly 20 years of experience in contract and commercial surety, bonding strategy, and risk adviso...
Posted: Dec 08, 2025
Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has named Nancy L. Pierce as Chief Executive Officer (CEO) of GEICO, effective immediately. She currently serves as Chief Operating Officer of GEICO and, since joining th...
Posted: Dec 08, 2025
This edition of International People Moves details appointments at the brokers Aon plc and AHJ Miller. A summary of these new hires follows here. Aon Names Norman as Senior Broker in its Global ReSpecialty Property Team Insurance broker Aon plc ̷...
Posted: Dec 08, 2025
Afore Insurance Services said it has acquired Resolve Insurance Group, an independent insurance agency headquartered in Virginia Beach, Virginia that is known for its marine insurance specialty. Resolve will become part of Afore’s Mid-Atlantic...
Posted: Dec 08, 2025
Waymo said Friday it would issue a recall for its self-driving vehicles after Texas officials said the Alphabet GOOGL.Ounit’s vehicles had illegally passed school buses at least 19 times in recorded incidents since the start of the school year....
Posted: Dec 08, 2025
Alphabet unit Waymo said Friday it would issue a recall for its self-driving vehicles after Texas officials said they illegally passed school buses at least 19 times since the start of the school year. The National Highway Traffic Safety Administrati...
Posted: Dec 08, 2025
The district charged with overseeing the construction of a massive set of gates across the mouth of Galveston Bay — known as the “Ike Dike” — announced last week that it has approved contracts with two global engineering firms to …
Posted: Dec 08, 2025
Sorathia Holdings and Greenlight Re Innovations have joined as new investors for a Series A round of investment led by a group of strategic insurance and technology investors, including existing investor IA Capital which has invested $7.5 million...
Posted: Dec 08, 2025
Following Onex Corporation’s sale of its remaining shares of Ryan Specialty Holdings, Inc., an international specialty insurance firm, Bobby Le Blanc will retire from his position on the Board of Directors, effective February 11th, 2026. Le Blanc,...
Posted: Dec 08, 2025
2025 will mark the fifth consecutive year in which global catastrophe claims have exceeded $100 billion, but this has been less damaging for reinsurers due to a shift in who is responsible for paying claims, with reinsurers remaining in line with...
Posted: Dec 08, 2025
Berkshire Hathaway Announces Leadership Appointments: New C...
Posted: Dec 08, 2025
Insurance and reinsurance broking firm Aon has announced the appointment of Richard (Dickie) Norman as a Senior Broker within its Reinsurance Solutions Global ReSpecialty Property Team, effective January 1, 2026. Global ReSpecialty is Aon’s specia...
Posted: Dec 08, 2025
The San Diego city attorney’s office has agreed to pay $30 million to the family of a 16-year-old youth who was fatally shot by police last January in what would be one of the largest settlements of a police-involved killing …
Posted: Dec 08, 2025
A massive Pacific storm called an atmospheric river will sweep off the ocean into the Pacific Northwest starting Monday, bringing heavy rain and a week of floods, swollen rivers and even heavy snow across the region, including Seattle and Portland. &...
Posted: Dec 08, 2025
Hildene Capital Management, LLC, a credit-focused alternative asset manager, has signed a definitive agreement to acquire SILAC, Inc., the parent company of SILAC Insurance Company. Founded in 1935, SILAC provides fixed and fixed indexed annuity p...
Posted: Dec 08, 2025
Chubb survey reveals wealthy individuals increasingly exposed to emerging threats from climate, cyber attacks and liability. The post
Posted: Dec 08, 2025
Following the death of a worker at a Georgia solar systems plant in May, a federal safety agency has cited a construction firm for serious violations. But the fine levied against Hyoungwon E&C America is only about $20,000, an amount …
Posted: Dec 08, 2025
Insurance and reinsurance broking firm Aon has appointed Ben Jones as its new Chief Operating Officer (COO) for Asia Pacific (APAC), effective December 8th, 2025, based in Singapore. In his new role, Jones will be partnering with the broker’s regi...
Posted: Dec 08, 2025
White Mountains said it has completed the sale of a controlling interest in insurance distribution platform Bamboo to funds advised by CVC Capital Partners. In October, White Mountains announced the deal to CVC, valuing managing general agent Bamboo...
Posted: Dec 08, 2025
Berkshire Hathaway Inc. today announced Nancy L. Pierce will be GEICO’s new chief executive officer. Pierce was most recently chief operating officer at the major U.S. auto insurer. “Nancy knows the business inside and out. She’s pr...
Posted: Dec 08, 2025
Satellite Startup ICEYE Raises Funds at $2.8 Billion Valuati...
Posted: Dec 08, 2025
New York Times Sues Perplexity AI for ‘Illegal’ Copying of Content The New York...
Posted: Dec 08, 2025
Fitch Ratings maintains a ‘neutral’ fundamental sector outlook for the US property/casualty (P&C) insurance sector in 2026, as well as for both commercial and personal lines. This assessment is based on the sector’s solid starting position for...
Posted: Dec 08, 2025
Florida’s Republican-dominated congressional delegation is urging the Trump administration to drop a plan that would allow new oil drilling for the first time in decades off the state’s coast. A letter signed by Republican Sens. Rick Scot...
Posted: Dec 08, 2025
The U.S. Department of Health and Human Services on Thursday outlined a strategy to expand its use of artificial intelligence, building on the Trump administration’s enthusiastic embrace of the rapidly advancing technology while raising questio...
Posted: Dec 08, 2025
Rebuilding McKinsey & Co.’s reputation in South Africa after it was implicated in state corruption scandals will be a long process, its top executives in Africa said, adding that the consulting firm is biding its time on resuming bidding fo...
Posted: Dec 08, 2025
Compre Group Holdings Limited, the Bermuda-domiciled international specialist reinsurance group, has signed a Loss Portfolio Transfer (LPT) agreement with French insurer Wakam S.A. (Wakam). Wakam is a B2B2C insurance company that designs tailor-ma...
Posted: Dec 08, 2025
Donegal Insurance Group, headquartered in Marietta, Pennsylvania, promoted Josh Mussmon to vice president of marketing operations. Mussmon succeeds Bill Anderson, who will retire from Donegal in January as senior vice president of marketing operation...
Posted: Dec 08, 2025
New Jersey is joining a number of other states in launching a volunteer cybersecurity force to support government entities, infrastructure providers, and community organizations across the state prevent and recover from cyber attacks. The New Jersey...
Posted: Dec 08, 2025
ICEYE, a world leader in synthetic aperture radar (SAR) satellite systems, has secured €150 million in new funding and a €50 million secondary placement, led by General Catalyst with broad pan-European participation, valuing the company at €2.4 bi...
Posted: Dec 08, 2025
The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia’s war …
Posted: Dec 08, 2025
The race to apply artificial intelligence in property/casualty insurance often hits a wall, not because of algorithms but because of confusion over data foundations. “Data Lake,” “Data Warehouse” and “Data Lakehouse̶...
Posted: Dec 08, 2025
The UK should get bolder with overhauling rules to encourage more risk-taking in the financial services sector, according to the City of London’s new Lady Mayor. “The trouble with incremental change, especially in a fast-paced world, is t...
Posted: Dec 08, 2025
In November, we hosted a legacy re/insurance market roundtable, in partnership with RiverStone International, in Hamilton, Bermuda, which saw nine experts and leaders from across the run-off world debate current market dynamics, challenges, and op...
Posted: Dec 08, 2025
Despite ongoing pricing pressures, the management teams TD Cowen spoke with ahead of the January 1, 2026, renewals continue to see attractive opportunities in property catastrophe reinsurance. According to the firm, commentary during its trip on p...
Posted: Dec 08, 2025
ICEYE, a Finnish satellite developer with a number of defense contracts, has raised money at a €2.4 billion ($2.8 billion) valuation, capitalizing on the military spending boom across Europe. Venture firm General Catalyst led the financing round, whi...
Posted: Dec 08, 2025
AM Specialty Insurance Company (UK) (ASIC UK) has now been authorised by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to conduct regulated insurance activities in the UK, becoming the first insurer to be auth...
Posted: Dec 08, 2025
Indonesia will need 51.8 trillion rupiah ($3.2 billion) to rebuild areas devastated by recent floods and landslides in Sumatra, according to the national disaster agency. More than 900 people have died as a result of monsoon rainfall that was intensi...
Posted: Dec 08, 2025
BNP Paribas plans to increase its stake in Belgium’s largest insurer Ageas to 22.5% from 14.9%, cementing its position as top anchor investor in a two-leg transaction worth 3 billion euros ($3.5 billion), the companies said on Monday. The deal...
Posted: Dec 08, 2025
HDI Global, an international insurer specialising in commercial and industrial clients, has appointed Peter Schraa as its new Head of Marine in Singapore, effective December 1st, 2025. This appointment aligns with the insurer’s ambitions to...
Posted: Dec 08, 2025
International insurance group Ageas has acquired the remaining 25% stake in its Belgian subsidiary, AG Insurance, from BNP Paribas Fortis for a total consideration of €1.9 billion. With this transaction, which is expected to close in Q2’26, Ageas...
Posted: Dec 08, 2025