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Typhoon Fung-Wong is forecast to swing toward Taiwan after the powerful storm struck the Philippines’ northeast late on Sunday, causing widespread flooding and the suspension of government operations. The cyclone — known locally as Uwan — has n...
Posted: Nov 10, 2025
AM Specialty Insurance Company (ASIC), an excess and surplus (E&S) insurance firm and an accredited reinsurer, has promoted Thomas Randall to Company Secretary of AM Specialty Insurance Company (ASIC U.S.). This promotion aligns with the re/in...
Posted: Nov 10, 2025
Willis, a business of insurance and reinsurance broker WTW, has established a dedicated Data Centre Industry Practice for Asia, with Lay See Ong appointed to lead the new unit as Practice Leader in Asia, based in Singapore. This new role is in ad...
Posted: Nov 10, 2025
The International Underwriting Association (IUA), the representative body for re/insurers in the London company market, has announced that Theo Butt, Chief Executive Officer, UK at Convex Insurance, has been elected as its new Chair, effective Jan...
Posted: Nov 10, 2025
A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond’s principal. Jamaica’s $150 million cat bond has been the subject of controversy since it failed …
Posted: Nov 10, 2025
In its latest report, HDI Global, an international industrial insurer based in Hannover, analyses how companies can better manage cyber exposure and strengthen resilience. The report draws on the expertise of David Bartolini, Head of Cyber Risk En...
Posted: Nov 10, 2025
This post is part of a series sponsored by EZLynx. The insurance industry is experiencing one of its most significant transformations in decades. Fueled by evolving customer expectations and workforce attrition, the ability to leverage agency managem...
Posted: Nov 10, 2025
Texas Attorney General Ken Paxton is suing the online gaming platform Roblox for allegedly exposing children to sexually explicit content and exploitation, the latest in a flurry of lawsuits from his office aimed at big business. Texas is the third &...
Posted: Nov 10, 2025
Allianz Trade, a trade credit insurance provider, has announced a leadership update within its Specialty Credit & Mid Term division. William Whittington, who has been Head of Region for Specialty Credit & Mid Term, has been appointed Globa...
Posted: Nov 10, 2025
Heavy snow will drop on Chicago late Sunday into Monday’s commute, further snarling air travel already disrupted by the US government shutdown and ushering in a cold blast that will bring near-freezing temperatures to New York City and as deep...
Posted: Nov 10, 2025
Hannover Re, one of Europe’s big four reinsurers, has raised its full year 2025 net income guidance by €200 million to €2.6 billion on the back of a strong performance in the first nine months of the year, during which net income increased b...
Posted: Nov 10, 2025
Two U.S. Congressmen, one a Democrat from Louisiana and the other a Republican from Mississippi, have introduced legislation to retroactively restore the National Flood Insurance Program (NFIP). Congressmen Troy A. Carter, Sr., D-La., and Mike Ezell,...
Posted: Nov 10, 2025
Two U.S. Congressmen, one a Democrat from Louisiana and the other a Republican from Mississippi, have introduced legislation to retroactively restore the National Flood Insurance Program (NFIP). Congressmen Troy A. Carter, Sr., D-La., and Mike Ezell,...
Posted: Nov 10, 2025
The Texas workers’ compensation system saw a modest $12 million loss in 2024 as insurers reported an increase in direct losses paid and overall, according to a report compiled by the Insurance Council Texas (ICT). The 2025 Texas Workers’...
Posted: Nov 10, 2025
Airlines canceled more than 2,200 U.S. flights on Sunday and Transportation Secretary Sean Duffy warned air travel will fall to a “trickle” in the run-up to the Thanksgiving holiday as air traffic control staffing shortages surge. Major a...
Posted: Nov 10, 2025
Global fintech Acrisure has announced the appointment of Aaron Radelet to the newly created role of Chief Corporate Affairs Officer. In this role, Radelet will oversee the company’s global corporate brand and reputation strategy, including communi...
Posted: Nov 10, 2025
Mission, the global Managing General Agent (MGA) incubator, has reached an agreement to support a new team in launching a UK commercial combined MGA, Lumara Insurance, in the fourth quarter of 2025. The MGA, led by industry veterans David Aslin an...
Posted: Nov 10, 2025
Posted: Nov 10, 2025
Testudo, a technology and data company underwriting artificial intelligence (AI) risks, has announced the appointment of Peter Wedge as General Counsel. Launched in 2024, Testudo underwrites AI risks using active litigation monitoring and real-tim...
Posted: Nov 10, 2025
President Donald Trump on Friday accused meatpacking companies of driving up U.S. beef prices, which have hit records, through manipulation and collusion, and ordered the Justice Department to investigate. Attorney General Pam Bondi said in an X post...
Posted: Nov 10, 2025
An oil tanker was boarded by suspected pirates in the Indian Ocean to the east of the Somali coast, the most serious in a string of recent incidents in the area. The attackers were operating from a nearby mothership and …
Posted: Nov 10, 2025
An EU warship secured the crew of an oil products tanker on Friday after it was attacked by pirates off Somalia, its operator and a European Union naval mission said, as worries grow over a resurgence of piracy after years …
Posted: Nov 10, 2025
Analysts’ projections of slower growth and smaller underwriting margins ahead for personal auto insurers started to play out ever so slightly in third-quarter results of two giant auto insurers this week. Both Progressive and GEICO reported hig...
Posted: Nov 10, 2025
Florida insurers will no doubt remember the time more than two years ago when one of the largest plaintiffs’ law firms in the state gave notice that it was planning to file tens of thousands of claims lawsuits ahead of …
Posted: Nov 10, 2025
Fire destroyed Miami Heat coach Erik Spoelstra’s home last week, with officials saying more than 20 units were dispatched in what became a frantic, futile effort to save the property. Nobody was in the home when the fire broke out, …
Posted: Nov 10, 2025
Fire destroyed Miami Heat coach Erik Spoelstra’s home last week, with officials saying more than 20 units were dispatched in what became a frantic, futile effort to save the property. Nobody was in the home when the fire broke out, …
Posted: Nov 10, 2025
Insurance Journal’s Risky Future series is hosting the “AI Tools for MGAs” Demo Day, a series of free AI tool demos give viewers a rapid-fire experience of AI technology tools designed exclusively for managing general agencies. The...
Posted: Nov 10, 2025
Insurance Journal’s Risky Future series is hosting the “AI Tools for MGAs” Demo Day, a series of free AI tool demonstrations designed exclusively for managing general agencies. The latest online event offers MGAs an opportunity to e...
Posted: Nov 10, 2025
AM Best, the credit rating agency, has assigned Zhibao Labuan Reinsurance Company Limited (Zhibao Re) of Malaysia a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” (Good), with a stable outlook. According to A...
Posted: Nov 10, 2025
The Missouri Department of Commerce and Insurance (DCI) sent a bulletin to insurers last week stating that insurers should avoid non-renewals and cancellations for master policies issued to condominiums that experienced damage from severe storms this...
Posted: Nov 10, 2025
The Missouri Department of Commerce and Insurance (DCI) sent a bulletin telling insurers that they should avoid non-renewals and cancellations for master policies issued to condominiums that experienced damage from severe storms this year. DCI sent o...
Posted: Nov 10, 2025
Cornell University said it reached an agreement with the White House to restore about $250 million in federal funding, becoming the latest elite school to negotiate relief in response to the Trump administration’s campaign to remake higher educ...
Posted: Nov 10, 2025
Onex Corp.’s top executive says the alternative asset manager is open to making further large bets on insurance companies following its move to team up with American International Group Inc. on a major deal. Toronto-based Onex and AIG agreed la...
Posted: Nov 10, 2025
California Attorney General Rob Bonta announced that California secured a $3.25 million settlement with a software maker for failing to protect students’ data. The settlement also involves two other states, amounting to a total of $5.1 million...
Posted: Nov 10, 2025
KCC Estimates Privately Insured Losses From Hurricane Melissa Will Hit $2.4 Bi...
Posted: Nov 10, 2025
A new Travelers study highlights the risks and opportunities for those engaging or considering mergers and acquisitions in the manufacturing space. The post
Posted: Nov 10, 2025
The partnership enables employers with TMHCC stop loss coverage to offer Milu Health to their employees at no additional cost
Posted: Nov 09, 2025
Texas remains its largest market, with over 8,400 policyholders and $12.3 million in written premium, followed by Illinois, Arizona, and Indiana.
Posted: Nov 09, 2025
Platform enhancements expand term life quoting, streamline workflows, and add real-time risk classification.
Posted: Nov 09, 2025
Buyers of professional lines coverage face favorable pricing, even as socio-economic factors could lead to a steady drumbeat of losses. The post
Posted: Nov 09, 2025
The move extends BMO’s insurance portfolio beyond life and health into lifestyle protection.
Posted: Nov 08, 2025
Evolution in taking every aspect of an injured worker's wellbeing into consideration is ongoing in workers' compensation. The post H...
Posted: Nov 08, 2025
A New Data Source for Underwriters, Marketers Future of Risk sradomski
Posted: Nov 07, 2025
Posted: Nov 07, 2025
Canada Life Reinsurance, the Capital and Risk Solutions (CRS) reinsurance business of Great-West Lifeco, had a strong third quarter in 2025 with base earnings up 20% from the prior year quarter to $265 million. Alongside the increase in base earni...
Posted: Nov 07, 2025