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California Doesn’t Strongly Punish DUIs as Alcohol-Related Road Deaths Increase: Report

Carrier Management

California Doesn’t Strongly Punish DUIs as Alcohol-Related Road Deaths...

Posted: Nov 07, 2025

Cost Cutting, AI Lead to Surge in U.S. Planned Layoffs in October

Carrier Management

Cost Cutting, AI Lead to Surge in U.S. Planned Layoffs in October Layoffs announced by U.S. employers surged in...

Posted: Nov 07, 2025

State Farm names Michelle Russo as chief communications officer

coverager

Russo will lead the communications strategy, integrating corporate, brand, internal, and agency communications to support the strategic priorities and cultural evolution of State Farm.

Posted: Nov 07, 2025

Climate X integrates Fathom’s flood data

coverager

Fathom is a Swiss Re company.

Posted: Nov 07, 2025

Exzeo Group raises $168M via IPO

coverager

Exzeo’s majority shareholder, HCI Group, will continue to hold an 81.5% stake.

Posted: Nov 07, 2025

State Farm scales back its smart-home bet on ADT

coverager

Liberty Mutual is partnering with Hagerty to offer collectible car coverage to new and existing policyholders starting in 2026.

Posted: Nov 07, 2025

Canadian P&C insurers seek ways to transfer rising cat risk: Morningstar DBRS

Reinsurance News

Morningstar DBRS has highlighted that while Canadian property and casualty (P&C) insurers remain robust, with strong capital margins and growth potential, they face a rising threat from natural catastrophes and the losses these events can caus...

Posted: Nov 07, 2025

Nikole Alcala Promoted to Associate Vice President for Litigation Management and Operations at Unite...

Risk & Insurance

The latest people news in the industry today. The post Nikole Alcala Promoted to Associa...

Posted: Nov 07, 2025

John Keogh Named Chairman of North America Insurance at Chubb Limited

Risk & Insurance

The latest people news in the industry today. The post John Keogh Named Chairman of North America Insurance at Chubb Limited a...

Posted: Nov 07, 2025

Alison Erbig Named Executive Vice President and Chief Financial Officer at FM

Risk & Insurance

The latest people news in the industry today. The post Alison Erbig Named Executive Vice President and Chief Financial Off...

Posted: Nov 07, 2025

Dave Roberts Named Senior Vice President, Surety, Northeast Region at NFP

Risk & Insurance

The latest people news in the industry today. The post Dave Roberts Named Senior Vice President, Surety, Northeast Region at NFP...

Posted: Nov 07, 2025

Fitch Ratings warns of mild credit risk from proposed Solvency II capital reductions

Reinsurance News

Fitch Ratings, a provider of credit ratings, research, and risk analysis, has stated that the European Commission’s proposed reductions in Solvency II capital requirements would be mildly negative for the credit profiles of European insurers. Acco...

Posted: Nov 07, 2025

Jamaica Catastrophe Bond Headed for Full Payout After Hurricane, World Bank Says

Insurance Journal

Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according to the World Bank. Jamaica’s $150 million cat bond, which was arranged by the World Bank, is designed to provid...

Posted: Nov 07, 2025

People Moves: MMA Appoints Balentine as President of National Business Insurance

Insurance Journal

Marsh McLennan Agency (MMA), headquartered in White Plains, New York, appointed Adam Balentine as President of National Business Insurance. Based in Kansas City, Missouri, Balentine leads the development of strategic growth initiatives for MMA’...

Posted: Nov 07, 2025

Markets/Coverages: Fidelis Launches Construction Consortium to Cover AI Data Centers

Insurance Journal

The Fidelis Partnership (TFP), the Bermuda-based managing general underwriter, announced the launch of a consortium that targets risks associated with the construction of AI data centers. With estimates suggesting that the AI data center market could...

Posted: Nov 07, 2025

Brown & Brown names Jessica Getman and Joe Siech as Retail Senior Leaders

Reinsurance News

Brown & Brown, Inc., an insurance brokerage and risk management firm, announced the appointments of Jessica Getman and Joe Siech as Retail Senior Leaders (RSLs), within its Retail segment. In these roles, Getman and Siech will support the Reta...

Posted: Nov 07, 2025

Investigation Finds California Doesn’t Strongly Punish DUIs as Alcohol-Related Road Deaths Increase

Carrier Management

Investigation Finds California Doesn’t Strongly Punish DUIs as Alcohol...

Posted: Nov 07, 2025

Hurricane Melissa triggers $150mn World Bank cat bond for Jamaica

Reinsurance News

The Government of Jamaica will receive a full payout of $150 million under its catastrophe insurance coverage, backed by a World Bank catastrophe bond, following the devastating impact of Hurricane Melissa. Hurricane Melissa was the thirteenth nam...

Posted: Nov 07, 2025

Explosion at Mississippi Chemical Plant Causes Ammonia Leak, Evacuations

Insurance Journal

An explosion at a hydrogen and nitrogen product manufacturer in Mississippi on Wednesday caused an ammonia leak and forced nearby residents to evacuate, officials said. Mississippi Gov. Tate Reeves said in a post on the social platform X that emergen...

Posted: Nov 07, 2025

Louisiana Farm Bureau to Benefit From Demutualization, AM Best Says

Insurance Journal

AM Best has placed under review with positive implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau), an ac...

Posted: Nov 07, 2025

Former Injury Lawyer and SC House Member Indicted on Charges of Defrauding Clients

Insurance Journal

A former South Carolina state lawmaker and injury lawyer has been indicted on federal allegations that he schemed to defraud his legal clients. According to court papers, a federal grand jury on Wednesday indicted former Rep. Marvin Pendarvis, a Demo...

Posted: Nov 07, 2025

Canada Life completes third pension scheme buy-in worth £41m with A.G. Barr p.l.c.

Reinsurance News

Canada Life, an insurance and financial services company, has completed its third pension scheme buy-in transaction worth £41 million with drinks maker, A.G. Barr p.l.c., safeguarding 300 pension scheme members’ future benefits. The beverage...

Posted: Nov 07, 2025

Chicago Jury is Picked in Boeing Trial Over Payouts Related to Ethiopia Crash

Insurance Journal

More than six years after a Boeing 737 Max jetliner crashed in Ethiopia, the first civil trial related to the disaster that killed all 157 people on board was set to proceed. Boeing has settled most of the dozens of …

Posted: Nov 07, 2025

Trisura’s operating net income rises 3.6% in Q3’25 amid profitable underwriting

Reinsurance News

Trisura Group Ltd., a specialty insurance provider, reported an operating net income of $34.4 million in the third quarter of 2025, up 3.6% compared to $33.2 million in the same period a year earlier, demonstrating consistent profitable underwriti...

Posted: Nov 07, 2025

Zurich Invests Heavily in Underwriting Talent to Boost Mid-Market, Specialty Growth

Insurance Journal

Zurich Insurance Group is continuing to expand its middle market and specialty footprint by investing heavily this year in targeted recruitment of “top-tier underwriting talent” across the group. “In the U.S. alone, we have hired mo...

Posted: Nov 07, 2025

Jay Virdi appointed as Distribution Leader, NA at Relm US Insurance Solutions

Reinsurance News

Relm Insurance, an insurer focused on emerging and innovative industries, has appointed Jay Virdi as Distribution Leader for North America (NA) of Relm US Insurance Solutions. In his new role, Virdi will report to Christian Davies, Relm’s Global H...

Posted: Nov 07, 2025

Building Responsible AI Governance: Strategies, Security, and Scaling to Production

Insurance Thought Leadership

Building Responsible AI Governance: Strategies, Security, and Scaling to Production sradomski Fri, 11/07/2025 - 09:41

Posted: Nov 07, 2025

Zurich Insurance Group names Megan Shao as Chief Claims Officer, APAC

Reinsurance News

Large insurer Zurich Insurance Group has appointed Megan Shao as Chief Claims Officer, Asia Pacific (APAC), effective February 1st, 2026, based in Singapore. In her new role, Shao will report to Sean Walker, Head of Commercial Insurance & Chie...

Posted: Nov 07, 2025

Jury Awards $10 Million to Virginia Teacher Shot by 6-Year Old Student

Insurance Journal

A jury in Newport News, Virginia has awarded $10 million to a teacher who was shot by a 6-year-old student. Abby Zwerner, who was shot in January 2023 in her first-grade classroom, had asked for $40 million against a former …

Posted: Nov 07, 2025

Boeing Avoids US Criminal Charge in 737 Max Jet Crash Case

Insurance Journal

Boeing Co. will avoid a criminal charge over two fatal 737 Max crashes after a federal judge paved the way for a $1.1 billion settlement agreement, handing the embattled manufacturer a victory in a long-running legal battle. US District Judge …

Posted: Nov 07, 2025

Lemonade Books Q3 Net Loss of $37.5 Million

Carrier Management

Lemonade Books Q3 Net Loss of $37.5 Million InsurTech...

Posted: Nov 07, 2025

“Speed drives growth” as Gen AI accelerates underwriting: AIG CEO

Reinsurance News

Peter Zaffino, Chairman and CEO of global insurer AIG, said the company is accelerating its deployment of generative artificial intelligence (Gen AI) to digest data more effectively and access a broader range of data points, helping underwriters m...

Posted: Nov 07, 2025

Alt IMs’ move into Lloyd’s and US sidecars increases credit and liquidity risks: Fitch Ratings

Reinsurance News

Global credit rating agency Fitch Ratings warns that alternative investment managers’ (Alt IMs) growing participation in Lloyd’s syndicates and US casualty sidecars is introducing new third-party capital to the reinsurance market but also increasi...

Posted: Nov 07, 2025

People Moves: NFP Names Roberts; Falvey Appoints Blubaugh

Insurance Journal

NFP Names Roberts Northeast SVP NFP, headquartered in New York City, appointed David Roberts as senior vice president, surety, in its Northeast region. With over three decades of experience managing commercial risk, Roberts, who is based in New Jerse...

Posted: Nov 07, 2025

Bristol Myers Reaches $239 Million Settlement Over Psoriasis, MS Drugs

Insurance Journal

Bristol Myers Squibb reached a $239 million settlement of claims that former Celgene shareholders were defrauded about prospects for the psoriasis drug Otezla, and multiple sclerosis treatment now known as Zeposia. A preliminary settlement of the 7-1...

Posted: Nov 07, 2025