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California Bill Would Require Insurers to Notify Pro...
Posted: Apr 02, 2025
US House Democrats Open Investigation Into Kennedy Bird Flu Response Democrats...
Posted: Apr 02, 2025
Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both a...
Posted: Apr 02, 2025
NEW YORK (AP) — A woman is facing multiple charges after she crashed into a family out for a walk in Brooklyn, killing a mother and her two children in what New York City Mayor Eric Adams described as a …
Posted: Apr 02, 2025
A woman is facing multiple charges after she crashed into a family out for a walk in Brooklyn, killing a mother and her two children in what New York City Mayor Eric Adams described as a “tragic accident of a …
Posted: Apr 02, 2025
Broking network Brokerslink has welcomed new members from Mauritania and the Ivory Coast, further strengthening its presence in Africa. With these additions, Brokerslink now has broking partners and affiliates in 41 countries across the continent....
Posted: Apr 02, 2025
The UK government will pass legislation compelling companies providing IT services to critical national infrastructure to improve their cyber defenses after a wave of attacks by Russia, China, Iran and North Korea. As many as 1,000 firms will fall un...
Posted: Apr 02, 2025
California-based insurer Mercury General expects to purchase more catastrophe reinsurance protection at its July 2025 renewal and anticipates the recent approval for a 12% rate increase in its California Homeowners business to help offset an expec...
Posted: Apr 02, 2025
Markel, the insurance arm of Markel Group Inc., has announced the appointment of Erik Johnson as Head of Technical Underwriting and Oversight, effective immediately. In this newly created position, Johnson will lead the International Technical Und...
Posted: Apr 02, 2025
Tech company FurtherAI has raised $5 million in funding, led by Nexus Venture Partners, to advance its commercial insurance AI, expand enterprise integrations, and grow its team. FurtherAI’s technology is trusted by top insurers and carriers globa...
Posted: Apr 02, 2025
North Korean IT workers are increasingly posing as remote freelancers from other countries to infiltrate companies in Europe, putting organizations at risk of espionage, data theft and disruption. The workers, who refer to themselves as “warrio...
Posted: Apr 02, 2025
US primary insurer Allstate has closed the previously announced sale of its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. (The Standard) for $2 billion. It has been confirmed that this transaction, along with the previousl...
Posted: Apr 02, 2025
S&P Global Ratings revised its outlook on RenaissanceRe Holdings Ltd. (RenRe) and its subsidiaries from stable to positive, reflecting the potential for a one-notch upgrade within the next 12 to 24 months if the Bermuda-based reinsurer maintai...
Posted: Apr 02, 2025
Following an announcement in November 2024, Lynn O’Leary has officially transitioned into her role as President, US, Global Specialty Lines at Intact Insurance Specialty Solutions , following a two-year stint as Chief Executive Officer (CEO)...
Posted: Apr 02, 2025
Swiss financial market watchdog FINMA has revamped its organizational structure with immediate effect, the regulator said on Tuesday, as it gears up for future challenges including supervision of the enlarged UBS. Switzerland has pledged to step up r...
Posted: Apr 02, 2025
Global insurance and reinsurance broker Howden has announced the launch of Howden Auto Tracker, a new automated follow-form facility that combines tracker capacity and connected algorithmic capacity, giving brokers direct access to both from the s...
Posted: Apr 02, 2025
The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain’s financial industry billions of pounds in fresh legal costs and potential customer compensation. The Court of Appeal ruled in...
Posted: Apr 02, 2025
Italy’s insurance regulator IVASS needs more details about internal control and governance systems as it reviews domestic leader Generali’s proposed asset management tie-up with French bank BPCE, two sources close to the matter told Reute...
Posted: Apr 02, 2025
Willis, a business of WTW, and The Nature Conservancy (TNC) have launched a new $2.5 million wildfire resilience insurance for the Tahoe Donner Association in Truckee, California. Described as “first-of-its-kind,” this policy directly...
Posted: Apr 02, 2025
Sweden’s largest insurer Folksam said on Wednesday it has sold its stake in electric car maker Tesla over concerns about the company’s stance on workers’ rights. Tesla, headed by billionaire Elon Musk, is facing a backlash from unio...
Posted: Apr 02, 2025
UK home and motor insurance firm Esure Group Plc sees further growth in the country after a £200 million ($258 million) revamp program, according to its Chief Executive Officer David McMillan. The company, backed by private equity firm Bain Capital,...
Posted: Apr 02, 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has launched a new cyber product, Cyber Proactive Response (CPR), aimed at businesses with revenues up to £250 million. CPR delivers broad and clear cyber coverage, with 30...
Posted: Apr 02, 2025
Rokstone, the international re/insurance MGA of the Aventum Group, has signed a five-year capacity agreement with Allianz Commercial, further expanding their existing partnership across multiple Commercial insurance lines. The agreement, executed...
Posted: Apr 02, 2025
The Insurance Council of Australia (ICA) has reported that insurance losses from ex-Tropical Cyclone Alfred and the North Queensland floods in February have now surpassed AU$ 1.2 billion. According to the ICA, insurers have received over 95,000 cl...
Posted: Apr 02, 2025
According to a recent report from BMO Capital Markets, social inflation is expected to persist for most insurers in 2025, marking the third consecutive year requiring additional reserves. BMO anticipates additional speed-bumps in 2025 due to lawsu...
Posted: Apr 02, 2025
J.S. Held has announced Lee Spirer, the company’s current President and Chief Operating Officer (COO) is to become the company’s next Chief Executive Officer (CEO) as Jonathon Held intends to step down from the role. J.S. Held is a global consulti...
Posted: Apr 02, 2025
Zep-Re (PTA Reinsurance Company) and African Export-Import Bank (Afreximbank) have launched the Trans-Africa Bond Alliance (TABA), a transformative initiative that aims to bridge the insurance capacity gap and empower African contractors to secure...
Posted: Apr 02, 2025
Democrats on the U.S. House of Representatives oversight committee opened an investigation on Tuesday into health secretary Robert F. Kennedy Jr.’s handling of the federal response to bird flu, according to a letter sent to Kennedy and released...
Posted: Apr 02, 2025
The head of the Federal Communications Commission ordered an investigation into Walt Disney Co. and its ABC network over their diversity, equity and inclusion practices, broadening his examination of media and telecom companies for perceived discrimi...
Posted: Apr 02, 2025
Increased competition, capacity and engagement have improved the Indian reinsurance market conditions at the recent April renewals, according to a market update by Aon, a risk management and professional services firm. Aon disclosed that reinsurer...
Posted: Apr 02, 2025
More than half of small business leaders believe artificial intelligence will play a “crucial role” in worker safety over the next five years, according to a new report from Pie Insurance. A survey of decision-makers from just over a thou...
Posted: Apr 02, 2025
North Carolina Insurance Mike Causey said Tuesday that he had negotiated a lower average rate increase for mobile home policies than the North Carolina Rate Bureau had asked for. “I am happy to announce that North Carolina mobile homeowners wil...
Posted: Apr 02, 2025
One of California’s most famed art institutions, the Getty, is turning to the bond market for $500 million to help preserve its masterpieces as the state prepares for another fire-prone summer. The J. Paul Getty Trust is expected to sell …...
Posted: Apr 02, 2025
The question has come up wondering if smoke damage is covered for those homes that were impacted by the Los Angeles wildfires but were not damaged by the actual fires. A cloud of smoke from a fire is larger than …
Posted: Apr 02, 2025
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Westminster American Insurance Co. AM Best assigne...
Posted: Apr 02, 2025
Tokio Marine HCC (TMHCC) International, part of the Tokio Marine HCC group of companies, has announced the promotion of David Feldman to Regional Head of Compliance, UK and Europe, at Tokio Marine Group, effective April 1, 2025. Feldman brings ext...
Posted: Apr 02, 2025
The new multi-carrier network platform provides real-time fraud and risk insights from shared claims data.
Posted: Apr 01, 2025
The former EverQuote executive will oversee marketing, underwriting, service, and claims operations.
Posted: Apr 01, 2025
Through this relationship London Underwriters’ agents can serve a broader range of small businesses, including home-based businesses, online retailers and contractors.
Posted: Apr 01, 2025
With restrictions on new business, carriers pulling out of the market, agency commissions taking cuts and underwriting giving the word “difficult” a whole new meaning, it’s no wonder coastal agencies have felt the impact of the last few years.
Posted: Apr 01, 2025
The Des Moines based distribution innovation-promoting organization has also launched BrokerTech Connect: Chicago for insurance innovators.
Posted: Apr 01, 2025
The new release adds tools for predictive analytics, faster claims, and tailored policy coverage.
Posted: Apr 01, 2025
[insert headline here] ITL Editorial Team Tue, 04/01/2025 - 18:56 ...
Posted: Apr 01, 2025
The sale of Employer Voluntary Benefits generated a financial book gain of about $625 million.
Posted: Apr 01, 2025