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Parametric Insurtech Sola raises $8m Series A to expand property coverage

Reinsurance News

Parametric insurtech Sola, a company providing data-driven property insurance solutions, has announced that it has secured $8 million in Series A funding, bringing its total funding to $11.7 million. The round was led by FINTOP Capital and JAM FIN...

Posted: Aug 27, 2025

Global reinsurers meet cost of capital second year in a row: AM Best

Reinsurance News

According to the latest AM Best analysis, global reinsurers met the cost of capital for a second consecutive year in 2024, after four years of failing to do so, despite catastrophes like the California wildfires, driven by strong market performanc...

Posted: Aug 27, 2025

Debono joins SI Re as Underwriting Manager for Italy and Northern Europe

Reinsurance News

Swiss reinsurer SIGNAL IDUNA Reinsurance Ltd (SI Re) has appointed Simone Debono as Underwriting Manager for Italy and Northern Europe. Debono joins SI Re from Helvetia Re, where she spent more than a decade as Senior Underwriter, managing a portf...

Posted: Aug 27, 2025

Moody’s latest wildfire model completes California Department of Insurance review

Reinsurance News

Moody’s Corporation has disclosed that Moody’s RMS US Wildfire Model v2.0 has completed the review process established by the California Department of Insurance (CDI), enabling insurers to use the catastrophe model in their residential rate filing...

Posted: Aug 27, 2025

Helios Underwriting updates mid-point forecasts for 2023/24 syndicate portfolio

Reinsurance News

Helios Underwriting, a publicly listed company providing direct access to a range of syndicates at Lloyd’s of London, has released updated mid-point forecasts for its syndicate portfolio covering the 2023 and 2024 years of account, based on second...

Posted: Aug 27, 2025

Trump Tariffs Pile Pressure on Europe’s Industrial Base

Insurance Journal

When the Washington Commanders’ quarterback Marcus Mariota landed a last-second touchdown pass to clinch victory against the Dallas Cowboys in January, it’s unlikely devastated Cowboys fans were thinking about turf underlay, or the small...

Posted: Aug 27, 2025

VIG’s profit soars in H1’25 as CoR improves to 91.9%

Reinsurance News

Vienna Insurance Group has announced that its profit before taxes increased to €531.4 million in H1 2025, representing a 10.5% rise compared to the same period in the previous year, driven in part by a substantially lower overall claims developmen...

Posted: Aug 27, 2025

EU Auto Groups Press for Change to ‘No Longer Feasible’ Car CO2 Emission Targets

Insurance Journal

European Union targets to cut CO2 emissions from vehicles, including a 100% reduction for cars by 2035, are no longer feasible, the heads of the European automobile manufacturers’ and automotive suppliers’ associations said on Wednesday....

Posted: Aug 27, 2025

Lockton appoints Ryan Bond as Head of P&C, Bermuda

Reinsurance News

Lockton, a global independent insurance brokerage, has appointed Ryan Bond in the newly created role of Head of Property and Casualty (P&C) for Bermuda, effective September 8th, 2025, based on the island. In his new role, Bond will report to P...

Posted: Aug 27, 2025

Apple Watch Not a ‘CO2-Neutral Product,’ German Court Finds

Insurance Journal

Apple can no longer advertise its Apple Watch as a “CO2-neutral product” in Germany, following a court ruling on Tuesday that upheld a complaint from environmentalists, finding that the U.S. tech company had misled consumers. Apple had pr...

Posted: Aug 27, 2025

Volumes & revenue growth slowed as renewals progressed this year: Fitch

Reinsurance News

The four largest European reinsurers – Munich Reinsurance Company (Munich Re), Swiss Reinsurance Company Ltd (Swiss Re), Hannover Rueck SE (Hannover Re) and SCOR SE – achieved a record average return on equity (ROE) of 21.1% in the first half of 2...

Posted: Aug 27, 2025

Andy Frepp named Interim President of Moody’s Analytics

Reinsurance News

Moody’s Corporation has appointed Andy Frepp as Interim President of Moody’s Analytics, effective immediately, succeeding Stephen Tulenko, who has resigned to pursue another opportunity. Most recently, Freep served as the Chief Operating Officer o...

Posted: Aug 27, 2025

Another HO Insurer, Viceroy, Approved for Florida Market, Regulators Say

Carrier Management

Another HO Insurer, Viceroy, Approved for Florida Market, Regulators Say Yet another property...

Posted: Aug 27, 2025

When Luck Runs Out: Where $100B Hurricanes Might Happen

Insurance Journal

Lists published every hurricane season, adjusting the amounts of insurance losses for past events for inflation to current-dollar levels, give a misleading picture of the potential for a single event costing insurers $100 billion. Karen Clark & C...

Posted: Aug 27, 2025

Anthropic Settles Class Action From Authors Alleging Copyright Infringement

Insurance Journal

Artificial intelligence company Anthropic said in a court filing on Tuesday that it has resolved a class action lawsuit from a group of U.S. authors who argued that its AI training infringed their copyrights, marking the first settlement in a …

Posted: Aug 27, 2025

Woman Sentenced After Pleading to Arson in Six Fires in North Carolina

Insurance Journal

A North Carolina woman was sentenced to as much as 12 years in prison after she pleaded guilty to setting six fires in Onslow County, on the state’s southeast coast. Chasity Dawn Keeter, 37, of Jacksonville, pleaded guilty to five …

Posted: Aug 27, 2025

Wealthspire Acquires California-Based Marin Financial Advisors

Insurance Journal

Wealthspire Advisors LLC, an NFP company, has entered into an agreement to acquire Marin Financial Advisors in Larkspur, California. Marin Financial Advisors has provided individuals and families with financial services since 1987. The firm is led by...

Posted: Aug 27, 2025

Grange Insurance Association Seeks to Form Mutual Holding Company in Washington

Insurance Journal

Grange Insurance Association has submitted an application to the Washington State Office of the Insurance Commissioner to convert to a mutual holding company structure. The plan calls for two new parent entities to be formed, Granwest Mutual Holding...

Posted: Aug 27, 2025

3 Hyundai and 2 GM Products on Mercury’s Most Affordable New EVs to Insure List

Insurance Journal

California-based Mercury Insurance compiled a list of the most affordable electric vehicles to insure. The list includes 2025 and 2026 model-year vehicles. Factors examined for the list include claims on similar vehicles, costs to repair and vehicle...

Posted: Aug 27, 2025

As AI Becomes Part of Everyday Life, it Brings a Hidden Climate Cost

Insurance Journal

Marissa Loewen first started using artificial intelligence in 2014 as a project management tool. She has autism and ADHD and said it helped immensely with organizing her thoughts. “We try to use it conscientiously though because we do realize t...

Posted: Aug 27, 2025

Combined ratio improves to 91.4% for APAC reinsurers in 2024: AM Best

Reinsurance News

According to AM Best’s analysis, the rating agency’s Asia-Pacific composite (which includes 33 reinsurers domiciled in the region reporting under IFRS 17 accounting standards) recorded an improved combined ratio overall in 2024 of 91.4%, com...

Posted: Aug 27, 2025

Federal Appeals Panel Upholds Connecticut’s Assault Weapons Ban

Insurance Journal

A ban on assault weapons that Connecticut put in place after the Sandy Hook Elementary School shooting is constitutional, a federal appeals court said Friday, as it rejected challenges by gun rights advocates who claim it violates the Second Amendmen...

Posted: Aug 27, 2025

States Say Trump Order Halting Wind Projects Defies Explanation

Insurance Journal

The Trump administration’s order to halt work on a nearly completed wind farm off the coast of Rhode Island threatens grid reliability and jobs and defies explanation, business and government leaders from New England said on Monday. State leade...

Posted: Aug 27, 2025

New York Central Park Managers Support Eliminating Horse-Drawn Carriages

Insurance Journal

For more than 150 years, horse-drawn carriages have been trotting through Manhattan’s Central Park, weathering the arrival of the automobile, years of criticism from animal rights activists and even a mayoral administration that vowed to ban th...

Posted: Aug 27, 2025

Philadelphia Airport Reopens a Runway With System to Stop a Runaway Plane

Insurance Journal

The Federal Aviation Administration on Tuesday touted the reopening of a runway at Philadelphia International Airport through the installation of a system to stop a runaway airplane. The FAA awarded $8.5 million last year for the airport’s firs...

Posted: Aug 27, 2025

OneShield to Launch Industry’s First AI Hub to Accelerate Safe and Scalable Insurance Innovation

coverager

OneShield announced the launch of the OneShield AI Hub, the industry’s first centralized environment for the secure development, deployment, and governance of artificial intelligence (AI) solutions within the insurance software ecosystem.

Posted: Aug 26, 2025

Hagerty introduces complimentary storage service for Florida members

coverager

The experience is powered by Way's digital platform.

Posted: Aug 26, 2025

Steadily Expands Use of ZestyAI Models for Landlord Insurance

IIR

The insurer has adopted parcel‑level hail and wind analytics to refine underwriting.

Posted: Aug 26, 2025

iPipeline Names Holly McGiboney Chief Human Resources Officer

IIR

McGiboney will lead talent strategy, recruitment, and employee engagement for the insurtech’s global workforce.

Posted: Aug 26, 2025

McKenzie Intelligence, Eagleview Partner on North American Catastrophe Response

IIR

The collaboration integrates damage assessments and aerial imagery for insurers to provide faster, more detailed insights.

Posted: Aug 26, 2025

IBHS Research Finds Ember-Resistant Buffer Halves Wildfire Ignition Risk

IIR

Researchers say a five-foot noncombustible zone around homes reduces ember danger.

Posted: Aug 26, 2025

Can Insurtech Fix Homeowners Insurance?

Insurance Thought Leadership

Can Insurtech Fix Homeowners Insurance? Personal Lines ClareCarroll1

Posted: Aug 26, 2025

7 Ways Producer Data Helps Carriers Determine Broker Compensation

coverager

Compliance and growth don’t have to compete. When you bring on a true distribution channel management (DCM) solution, some of the biggest gains also come in the innovative ways you can leverage your data for business insights.

Posted: Aug 26, 2025

Poland acquires stake in ICYEYE

coverager

CEO Rafal Modrzewski plans to expand production in Poland.

Posted: Aug 26, 2025

The Hartford names Vladimir Stojanovic head of enterprise strategy

coverager

Stojanovic will oversee trend analysis and competitive intelligence to identify emerging opportunities and disruptive forces shaping the industry.

Posted: Aug 26, 2025

HBX Group partners with Superscript

coverager

The offering will initially be available to companies in the UK and Europe.

Posted: Aug 26, 2025

Assurant partners with Arcadium Technologies

coverager

The partnership simplifies the sales process by enabling truck dealership sales professionals to buy the Assurant Heavy Truck Extended Service Contract through Arcadium's platform.

Posted: Aug 26, 2025

Green Shield raises $12 million

coverager

Green Shield’s flagship product, Property Guardian InsurAble, provides wildfire risk analytics, insurability scoring, and broker connectivity to deliver bindable property insurance quotes.

Posted: Aug 26, 2025

Sola raises $8 million

coverager

The round was led by FINTOP Capital and JAM FINTOP.

Posted: Aug 26, 2025

Tesla Rejected $60M Settlement Before Losing $243M Autopilot Verdict

Carrier Management

Tesla Rejected $60M Settlement Before Losing $243M Autopilot Verdict Billionaire Elon Musk's electric veh...

Posted: Aug 26, 2025

Clearing 5 Foot Perimeter Around House Cuts Wildfire Risk in Half: IBHS

Carrier Management

Clearing 5 Foot Perimeter Around House Cuts Wildfire Risk in Half: IBHS New research confirms crea...

Posted: Aug 26, 2025

Trump Threatens Trucking Safety Funds for California, New Mexico and Washington

Insurance Journal

California, New Mexico and Washington are at risk of losing a cumulative $46 million a year in federal trucking safety funds after the Trump administration accused the states of flouting English-language rules for commercial drivers. U.S. Department...

Posted: Aug 26, 2025

Fire at Louisiana Auto Plant Forces Mandatory Evacuation Order

Insurance Journal

A fire at an automotive supply plant in Louisiana was 90% contained Sunday, but a mandatory evacuation order remained in place as crews tried to address remaining flames, law enforcement officials said. The fire at Smitty’s Supply just north of...

Posted: Aug 26, 2025

Jessica Laird promoted to CEO of Nephila Capital as Frank Majors steps back

Reinsurance News

Nephila Holdings has announced that Jessica Laird has been promoted to CEO of Nephila Capital, the firm’s flagship catastrophe business, effective immediately, while Frank Majors will step down as Co-CEO of Nephila Holdings at year-end to focus on...

Posted: Aug 26, 2025

Texas Bill Would Levy Stricter Penalties on Camps Following Hill Country Flood

Insurance Journal

A bill that would tighten how youth camps are penalized for safety deficiencies and that would diminish the industry’s influence on a state advisory committee has gained traction in the Legislature. While Senate Bill 1 passed last week created...

Posted: Aug 26, 2025