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Consultant Sheds Some Light on Hot-Potato MGA Fee Report at Florida Legislative Hearing

Insurance Journal

A Florida House of Representatives panel went straight to the source of a consultant’s report that has caused widespread concern among lawmakers about insurance company profit-shifting. But the hour-long, web interview with Arizona-based consul...

Posted: Apr 04, 2025

Consultant Sheds Some Light on MGA Fee Report at Florida Legislative Hearing

Insurance Journal

A Florida House of Representatives panel went straight to the source of a consultant’s report that has caused widespread concern among lawmakers about insurance company profit-shifting. But the hour-long, web interview with Arizona-based consul...

Posted: Apr 04, 2025

South Carolina DOI Names Noga, Formerly With GuideOne, as Captives Director

Insurance Journal

The South Carolina Department of Insurance named Andy Noga, formerly CEO and general counsel of GuideOne Insurance Group, as director of captives, underscoring the state’s commitment to fostering captive insurance companies, the DOI said Wednes...

Posted: Apr 04, 2025

Sherlyn Kok joins Sompo as VP, Head of Compliance APAC

Reinsurance News

Sherlyn Kok has joined Sompo Asia Pacific (APAC) as Vice President, Head of Compliance, a role based in Singapore. Reporting to Todd Corey, Executive Vice President, General Counsel, Asia Pacific, Kok will lead the regional and local-market compli...

Posted: Apr 04, 2025

People Moves: Bayern Joins Alliant Insurance Services as SVP in Denver

Insurance Journal

Justin Bayern joined Alliant Insurance Services as senior vice president within its Alliant Americas division. Based in Denver, Colorado, Bayern has more than 20 years of experience in finance and insurance. Before joining Alliant, Bayern was most re...

Posted: Apr 04, 2025

Washington Insurance Restitution Bill Dies in House Committee

Insurance Journal

A bill that would have given Washington’s insurance commissioner the power to order restitution to harmed policyholders failed to pass out of a House committee this week. Substitute Senate Bill 5331 failed to pass out of the House Consumer Prot...

Posted: Apr 04, 2025

California Delivery Company Must Repay $2M for Workers’ Comp Scheme

Insurance Journal

A Los Angeles, California, couple was sentenced after an investigation reportedly found they underreported more than $21 million in employee payroll for their delivery companies. John Nemandoust, 70, was sentenced to 60 days in county jail, and Annet...

Posted: Apr 04, 2025

People Moves: World Insurance Associates Promotes Scheuer to Division Revenue Leader for Great Lakes...

Insurance Journal

Katie Scheuer has been promoted to the newly created position of Division Revenue Leader for the Great Lakes Region at World Insurance Associates. She was formerly the Division Growth Leader for the Great Lakes and West Regions, and continues to &#82...

Posted: Apr 03, 2025

Trump’s Auto Tariffs to Cover Hundreds of Billions of Dollars of Vehicle, Parts Imports

Carrier Management

Trump’s Auto Tariffs to Cover Hundreds of Billions of Dollars of Veh...

Posted: Apr 03, 2025

IRC Finds Personal Auto Insurance Affordability Better Than in the 2000s

Carrier Management

IRC Finds Personal Auto Insurance Affordability Better Than in the 2000s According to a new repor...

Posted: Apr 03, 2025

Friendly Names Paul Goldenberg Chief Revenue Officer

IIR

The InsurTech Entrepreneur and Growth Expert joins Friendly to lead revenue strategy and broaden the use of AI in life insurance.

Posted: Apr 03, 2025

Todyl and SPECTRA Partner on Cyber Insurance Access for MSPs

IIR

The companies say their program improves coverage access, simplifies certification, and ties security practices to underwriting decisions.

Posted: Apr 03, 2025

Ascend Named Preferred Accounting Automation Provider by InCite

IIR

The partnership supports automation of direct bill reconciliation for agencies.

Posted: Apr 03, 2025

Wagmo’s CEO Built a Pet Wellness Company on Insurance Fundamentals

IIR

Inspired by a personal crisis, Horvath launched a pet benefits company that combines digital convenience, preventive care, and B2B2C distribution to reimagine the pet insurance experience.

Posted: Apr 03, 2025

15% of W.R. Berkley Shares Being Acquired by Mitsui Sumitomo Insurance

Carrier Management

15% of W.R. Berkley Shares Being Acquired by Mitsui Sumitomo Insurance...

Posted: Apr 03, 2025

AXA Partners launches Travel Eye Platinum

coverager

AXA Travel Eye is a travel risk management platform.

Posted: Apr 03, 2025

Thatch raises $40 million

coverager

The startup helps employers offer ICHRA to employees.

Posted: Apr 03, 2025

Strategic Priorities 2025: A Modern Era of Insurance Comes First

Insurance Thought Leadership

Strategic Priorities 2025: A Modern Era of Insurance Comes First From Our Partners sradomski T...

Posted: Apr 03, 2025

Tiffany Diamonds Worth $770K Recovered 2 Weeks After Suspect Swallowed Them

Carrier Management

Tiffany Diamonds Worth $770K Recovered 2 Weeks After Suspect Swallowed Them Detectives have recovered f...

Posted: Apr 03, 2025

Nirvana and Pulse announce plans to merge

coverager

The transaction is subject to standard change of control processes with both the FCA and FSMA in Belgium.

Posted: Apr 03, 2025

Allianz Australia partners with carsales

coverager

carsales will leverage the Allianz API to present insurance offers on its platform.

Posted: Apr 03, 2025

MetLife partners with Skygen

coverager

MetLife will incorporate SKYGEN’s Dental Hub into its dental provider experience.

Posted: Apr 03, 2025

Measles Outbreak Spreads to Central Texas; 5 States Report Outbreaks

Insurance Journal

Texas, Oklahoma and New Mexico reported new measles cases this week, with the outbreak expanding for the first time into central Texas. Already, the U.S. has more measles cases this year than in all of 2024, the U.S. Centers for …

Posted: Apr 03, 2025

Deadly Storms Bring Flooding and Destruction to Central US

Insurance Journal

Deadly storms and flooding rains left a path of destruction across 14 states in the US South and Midwest, knocking out power to more than 400,000 customers. Record rain fell in Memphis and eastern Missouri overnight and more is expected …

Posted: Apr 03, 2025

South Texas Storms Expected to Cause Over $100M in Damage

Insurance Journal

At 2 a.m. Friday, Rick Saldaña was traveling back to Edinburg from Mercedes, a city about 26 miles away, in an area known as the Mid-Valley. The roads were flooded. The frontage roads that feed into the expressway resembled lakes. …

Posted: Apr 03, 2025

Hub Acquires Illinois’ Dansig

Insurance Journal

Hub international Limited announced that it has acquired the assets of Dansig, Inc., d/b/a Dansig Insurance Risk Advisors (Dansig). Terms of the transaction were not disclosed. Located in Decatur, Illinois, Dansig is an independent insurance risk adv...

Posted: Apr 03, 2025

Early CSU Hurricane Season Forecast Calls for ‘Above-Average’ Activity

Insurance Journal

The team of hurricane researchers at Colorado State University has predicted an above-average Atlantic hurricane season for 2025. CSU’s initial forecast of the hurricane season issued April 3 calls for 17 named storms and nine hurricanes – with...

Posted: Apr 03, 2025

California Plumbing Contractor Ordered to Pay $1M for Workers’ Comp Fraud

Insurance Journal

A plumbing contractor has been ordered to pay $1 million in restitution to the State Compensation Insurance Fund as part of a workers’ comp fraud prosecution. Daniela G. Birdwell, 41, owner of GPS Plumbing, pleaded guilty to one count of &#8230...

Posted: Apr 03, 2025

Tiffany Diamond Earrings Valued at $770K Recovered 2 Weeks After Suspect Swallowed Them

Carrier Management

Tiffany Diamond Earrings Valued at $770K Recovered 2 Weeks After Suspect Swallowed Them Detectives have...

Posted: Apr 03, 2025

Arundo Re’s combined ratio strengthened in 2024 as turnover rose 15% to €1.36bn

Reinsurance News

Arundo Re, the French reinsurance company majority-owned by SMABTP, MACSF, and CCR, generated turnover of €1.361 billion in 2024, an increase of 15% year-on-year, as the company’s undiscounted combined ratio strengthened by 1.9 percentage po...

Posted: Apr 03, 2025

Insurance Industry Accelerates AI Technology Adoption

Risk & Insurance

Insurance leaders embrace AI transformation to revolutionize operations, but implementation challenges persist amid growing competitive pressure, Roots Automation finds. The post

Posted: Apr 03, 2025

Global cyber premium to more than double by 2030: Munich Re

Reinsurance News

Despite cyber premium growth slowing in the past two years, Munich Re has suggested that global premium volume will more than double by 2030, growing at an average annual growth rate of more than 10%. According to estimates by the reinsurer, the g...

Posted: Apr 03, 2025

The Protection Gap Is Growing. Here’s How Insurers Can Close It

Risk & Insurance

The risks the world now faces – climate change, economic instability, political crises, cyber crime, supply chain disruptions – are overlapping and amplifying each other. The post

Posted: Apr 03, 2025

Florian Happ named Cyber Team Lead for Munich Re US

Reinsurance News

Global reinsurer Munich Re has announced the appointment of Florian Happ as the new Cyber Team Lead for Munich Re US. Happ has been with Munich Re for 16 years, having joined in 2009. During his tenure, he has held various underwriting roles, incl...

Posted: Apr 03, 2025

Trump’s Tariffs Send Shockwaves Across Global Economy

Insurance Journal

President Donald Trump imposed the steepest American tariffs in a century as he steps up his campaign to reshape the global economy, sparking threats of retaliation and a selloff in markets around the world. Trump announced Wednesday he will apply &#...

Posted: Apr 03, 2025

Japan’s cyber insurance market continues to grow amid flat reinsurance demand: Gallagher Re

Reinsurance News

The Japanese cyber insurance market continues to grow, albeit at a slower pace compared to previous years, driven by the increasing number of policyholders, according to reinsurance broker Gallagher Re’s recent market analysis. Gallagher Re’...

Posted: Apr 03, 2025

Specialty and Media MGA Nirvana to Acquire MGA Pulse

Insurance Journal

Managing general agent Nirvana announced it is acquiring Pulse, an MGA specializing in non-standard accident, health and life, and sports & leisure insurances. Financial terms of the deal were not disclosed. Nirvana underwrites a global book of b...

Posted: Apr 03, 2025

A Breakthrough in Pain Management: Inside the Promise of Journavx

Risk & Insurance

Enlyte’s Nikki Wilson offers a fresh take on a promising alternative to opioids, a first-of-its-kind FDA-approved non-addictive medication for pain. The post

Posted: Apr 03, 2025