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Grounded Paychecks: 60,000 Air Safety Workers Tighten Belts as US Shutdown Drags

Insurance Journal

The 60,000 men and women responsible for keeping American skies safe have gone unpaid throughout the government shutdown. Without a funding agreement soon, many will be forced to dip into savings, rack up credit-card debt, or take on part-time jobs &...

Posted: Oct 22, 2025

NC Commissioner Meets With Residents After More Homes Fall into Ocean

Insurance Journal

North Carolina Insurance Commissioner Mike Causey this week called for more state and federal assistance after multiple homes on the Outer Banks have collapsed into the ocean in the last two months. “I am urging our Congressional delegation to...

Posted: Oct 22, 2025

Member experience key to insurer selection in pension buy-ins and buy-outs: Hymans Robertson

Reinsurance News

As the pension risk transfer market evolves and grows increasingly competitive, member experience has become a defining factor for trustees when selecting insurers for buy-in and buy-out transactions, according to pensions and financial services c...

Posted: Oct 22, 2025

Apple Attacks EU Crackdown in Digital Law’s Biggest Court Test

Insurance Journal

Apple Inc. lashed out at the European Union’s attempts to tame the power of Silicon Valley in the most far-reaching legal challenge of the bloc’s Big Tech antitrust rules. The iPhone maker’s lawyer Daniel Beard told the General Cour...

Posted: Oct 22, 2025

US Saw Record $101 Billion in Weather Losses Through June

Insurance Journal

The US saw more than $101 billion in losses from severe storms and fires in the first half of 2025, setting a record. That’s according to a database of billion-dollar disasters that a nonprofit has re-launched since the Trump administration &#8...

Posted: Oct 22, 2025

Guy Carpenter welcomes Katsuras as Managing Director

Reinsurance News

Gus Katsuras has joined risk and reinsurance advisory firm Guy Carpenter as a Managing Director, based in Toronto. Katsuras will leverage his extensive experience in account executive roles, combining client management with new business developmen...

Posted: Oct 22, 2025

AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry

Insurance Journal

The recent 15-hour or so outage at Amazon Web Services (AWS) again raised questions about the potential for systemic loss to the cyber insurance market, but losses from the temporary lapse in cloud services is not likely to be catastrophic. …

Posted: Oct 22, 2025

Colorado’s Regulator Warns Insurers About Auto Shops Waiving Deductibles

Insurance Journal

Colorado’s Insurance regulator is warning consumers and insurers about trend in auto shops in the state offering to waive deductibles. “The Division has become aware that certain auto repair shops in Colorado are advertising or engaging i...

Posted: Oct 22, 2025

Argentina’s insurance sector faces ongoing challenges amid regulatory reforms, says AM Best

Reinsurance News

AM Best, the credit rating agency, reports that Argentina remains a challenging environment for insurers despite major regulatory reforms. High inflation, currency depreciation, and investment uncertainty continue to pressure solvency ratios and c...

Posted: Oct 22, 2025

Liberty Specialty Markets France strengthens leadership

coverager

This is part of the insurer's "Invest in Europe" strategy.

Posted: Oct 22, 2025

Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot

Carrier Management

Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot The seemingly unstoppable ri...

Posted: Oct 22, 2025

ICAT expands digital access and product line

coverager

ICAT, owned by The Schinnerer Group, is a Broomfield-based, catastrophe-focused underwriter founded in 1998.

Posted: Oct 22, 2025

MagMutual launches MyAdvice

coverager

Stonetrust is a workers’ compensation and employers’ liability insurer.

Posted: Oct 22, 2025

Liberty Mutual Signs on as Title Sponsor for Music City Bowl in Nashville

Insurance Journal

It’s not the Liberty Bowl, but the Music City Bowl in Nashville that Liberty Mutual Insurance is sponsoring this year, giving the insurance carrier more branding exposure in a Dec. 30 matchup between Southeastern Conference and Big Ten football...

Posted: Oct 22, 2025

Chubb won’t chase property cat reinsurance: CEO Evan Greenberg

Reinsurance News

As property insurance and reinsurance markets soften, Evan Greenberg, Chairman and Chief Executive Officer (CEO) of global insurer Chubb, emphasised that the firm is not going to chase property catastrophe reinsurance business unless it is priced...

Posted: Oct 22, 2025

Supreme Court Declines to Revive Mumps Vaccine Antitrust Case Against Merck

Insurance Journal

The U.S. Supreme Court declined on Monday to hear a bid by a group of physicians and healthcare providers to revive their antitrust lawsuit accusing drugmaker Merck of misleading federal regulators to maintain a decades-long monopoly over the mumps v...

Posted: Oct 22, 2025

AI Governance Failures Expose Organizations to Professional Liability Risks

Risk & Insurance

Recent incidents in Australia highlight how poor oversight of AI tools can lead to costly errors and privacy violations, Lockton exec says. The post

Posted: Oct 22, 2025

Australia Tells AI Chatbot Companies to Detail Child Protection Steps

Insurance Journal

Australia has ordered four artificial-intelligence chatbot companies to explain their measures to protect children from exposure to sexual or self-harm material, as its internet regulator beefs up safety measures on the AI front. The realistic conver...

Posted: Oct 22, 2025

Gallagher appoints Corey Tidey as Head of Natural Resources, Executive Director

Reinsurance News

Gallagher, the global insurance and reinsurance broking group, has appointed Corey Tidey as Head of Natural Resources – Executive Director. Tidey brings nearly 15 years of industry experience, with deep expertise in construction and energy re/insu...

Posted: Oct 22, 2025

AWS outage could represent a moderate cyber re/insurance event: CyberCube

Reinsurance News

In a new Security Incident Report (SIR) created following the Amazon Web Services (AWS) outage, CyberCube, a provider of cyber risk analytics for the re/insurance industry, highlights the systemic risk from concentrated cloud-provider dependencies...

Posted: Oct 22, 2025

Driver Crashes Into Birthday Party Killing Woman and Injuring 8 Kids in Maryland

Insurance Journal

A hit-and-run driver slammed into an outdoor birthday party in suburban Washington, D.C., killing a woman and injuring eight kids on Saturday evening, police said. Thirteen people were hurt in the the crash in Bladensburg, Maryland, according to stat...

Posted: Oct 22, 2025

Inflation, Supply Chains, Tariffs: Trends Impacting Business Insurance and Claims

Carrier Management

Inflation, Supply Chains, Tariffs: Trends Impacting Business Insurance and Claims Inflation...

Posted: Oct 22, 2025

APRA refines reinsurance reforms to boost flexibility amid shifting market conditions

Reinsurance News

In a new response paper refining its proposed updates to the general insurance reinsurance framework, the Australian Prudential Regulation Authority (APRA) has outlined plans to enhance access to alternative reinsurance arrangements while safeguar...

Posted: Oct 22, 2025

People Moves: Zurich’s BOXX Insurance Names Key Appointments in Distribution, Underwriting, Claims;...

Insurance Journal

This edition of International People Moves details appointments at insurtech BOXX Insurance and HDI Global. A summary of these new hires follows here. Zurich’s BOXX Insurance Names Key Appointments in Distribution, Underwriting, Claims BOXX Ins...

Posted: Oct 22, 2025

Willis expands Global Risk & Analytics unit, rebrands Forensic Accounting team

Reinsurance News

Insurance broker Willis, a WTW business, has established a newly created Forensic Accounting & Valuation Services team, expanding its valuation capabilities globally. The firm has made key senior leadership appointments and globally rebranded...

Posted: Oct 22, 2025

Ageing populations to reshape the future of life insurance: Swiss Re

Reinsurance News

Swiss Re, the reinsurance company based in Zurich, reports that demographic changes are set to transform the life insurance industry over the coming decades. In its latest sigma publication, the company highlights that by 2050, around one quarter...

Posted: Oct 22, 2025

Christophe Letondot returns to AIG as Global Head of Credit Lines

Reinsurance News

Global insurer AIG has announced the appointment of Christophe Letondot as Global Head of Credit Lines. Letondot is returning to AIG bringing over three decades of international experience across insurance, banking, and capital markets. In his new...

Posted: Oct 22, 2025

Casper launches niche renewable energy offering, Tundra Specialty

Reinsurance News

Casualty-focused MGA Casper Specialty UK Limited has launched Tundra Specialty, a new offering dedicated to the niche renewable energy sector, which will be led by Matthew Melville, who was most recently founder and CEO of Albus, part of Ryan Spec...

Posted: Oct 22, 2025

Baidu to Bring Robotaxis Without Steering Wheels to Switzerland

Insurance Journal

Chinese internet giant Baidu Inc. and a Swiss Post subsidiary will start autonomous vehicle testing in Switzerland by the end of this year as they seek to launch the world’s first robotaxis without steering wheels to the public in 2027. …

Posted: Oct 22, 2025

32 new international insurance licenses issued in Cayman so far in 2025: IMAC

Reinsurance News

Citing Q3 2025 licensing statistics from the Cayman Islands Monetary Authority (CIMA), the Insurance Managers Association of Cayman (IMAC) reported continued growth in the jurisdiction’s international insurance sector, with 32 new international in...

Posted: Oct 22, 2025

Jewelry Stolen From Louvre Valued at 88 Million Euros, Paris Prosecutor Says

Insurance Journal

Thieves who staged a daring daylight heist at the Louvre museum in Paris made off with jewels worth an estimated 88 million euros ($102.63 million), Paris public prosecutor Laure Beccuau said on Tuesday. “It is important to remember that this &...

Posted: Oct 22, 2025

Chubb posts record Q3’25 P&C underwriting income of $2.3bn

Reinsurance News

Large insurer Chubb has reported record property and casualty (P&C) underwriting income of $2.26 billion, representing a 55% year-on-year increase, for the third quarter of 2025, with a combined ratio of 81.8%, compared with underwriting profi...

Posted: Oct 22, 2025

Britain Will Make it Easier to Fine Water Firms for Pollution

Insurance Journal

The UK plans to make it easier to fine water companies that harm the environment, ramping up pressure on firms blamed for chronic sewage spills. The government wants to allow the Environment Agency to impose “quicker penalties of up to …

Posted: Oct 22, 2025

Bridging the gap between re/insurers’ actuarial models & underwriting operations: Katz, Optalitix

Reinsurance News

In an interview with Reinsurance News, Dani Katz, Co-founder and Director of software provider Optalitix, said reinsurers are at a pivotal point — with abundant capital, complex risks, and an urgent need for faster, data-driven pricing — noting th...

Posted: Oct 22, 2025

Jaguar Land Rover Hack Cost UK Economy $2.5 Billion, Report Says

Insurance Journal

The August hack of Jaguar Land Rover (JLR), owned by India’s Tata Motors, cost the British economy 1.9 billion pounds ($2.55 billion) and affected over 5,000 organizations in the country, an independent cybersecurity body said in a report publi...

Posted: Oct 22, 2025

Everest names Anthony Vidovich as EVP and General Counsel

Reinsurance News

Bermuda-domiciled insurer and reinsurer Everest Group has appointed Anthony Vidovich as Executive Vice President (EVP) and General Counsel, effective on or before January 5th, 2026. He succeeds Ricardo Anzaldua, who, as previously announced, will...

Posted: Oct 22, 2025