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Justice Department Using Fraud Law to Target Companies on DEI, WSJ Reports

Carrier Management

Justice Department Using Fraud Law to Target Companies on DEI, WSJ Reports The Trump adminis...

Posted: Dec 31, 2025

Arctic Blast Brings Snow and Wind to the Great Lakes and Northeast

Carrier Management

Arctic Blast Brings Snow and Wind to the Great Lakes and Northeast A surge of Arctic air brou...

Posted: Dec 31, 2025

Alliant appoints Bryan Feitel to Employee Benefits business development role

coverager

Alliant has appointed Bryan Feitel as Vice President in its Employee Benefits Group.

Posted: Dec 31, 2025

Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’

Carrier Management

Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’ In a Christmas court filing...

Posted: Dec 31, 2025

Meta’s ‘Playbook’ to Reduce Pressure to Crack Down on Scammers, Protects $7B in Yearly Revenue

Carrier Management

Meta’s ‘Playbook’ to Reduce Pressure to Crack Down on Scammers, Protects $7B...

Posted: Dec 31, 2025

13,000 Volts. One Steady Hand.

Risk & Insurance

Broadspire supported an injured worker’s recovery after a high‑voltage accident, exemplifying compassionate care, family support, and the Broadspire difference. The post 13...

Posted: Dec 31, 2025

Willis Re expects further easing of conditions, greater competition & continued new supply in 2026

Reinsurance News

Willis Re, a specialised reinsurance broker, forecasts that in 2026 there will be continued new supply, alongside easing of conditions and greater competition between reinsurers for cessions. The broker notes that almost all segments showed a soft...

Posted: Dec 31, 2025

Meta’s ‘Playbook’ to Reduce Pressure to Crack Down on Scammers, Protecting $7B in Yearly Revenue

Carrier Management

Meta’s ‘Playbook’ to Reduce Pressure to Crack Down on Scammers, Protecting $7...

Posted: Dec 31, 2025

Final Sentencing in Large Scale Crop Fraud Case That Cost Insurers Nearly $35M

Carrier Management

Final Sentencing in Large Scale Crop Fraud Case That Cost Insurers Nearly $35M A large-scale insurance fraud inves...

Posted: Dec 31, 2025

China’s PICC P&C enters into reinsurance agreements with PICC Re & PICC HK

Reinsurance News

Chinese domestic insurer PICC Property and Casualty Company Limited (PICC P&C) has entered into reinsurance agreements with PICC Reinsurance and PICC HK, its sister entities under the ultimate parent PICC Group. PICC P&C entered into separ...

Posted: Dec 31, 2025

Goldman Helps Lead Financing for 5-Gigawatt Texas AI Power Sites

Insurance Journal

Goldman Sachs Group Inc. is co-leading financing for a Texas project to build private power campuses for artificial intelligence. The New York banking giant is working with real estate advisory Newmark Group Inc. to raise both equity and credit for &...

Posted: Dec 31, 2025

Texas Secures $1.25M Settlement from Hyatt for Consumer Protection Violations

Insurance Journal

Texas Attorney General Ken Paxton secured a $1.25 million settlement with Hyatt Corporation for violating Texas consumer protection laws by marketing hotel rooms at prices that were not available to the public as advertised. Paxton’s lawsuit ag...

Posted: Dec 31, 2025

Michigan AG Provides Tips to Avoid Storm-Related Scams

Insurance Journal

Michigan Attorney General Dana Nessel sent a reminder to residents to watch out for post-storm scams after a winter storm brought frigid air and more than two feet of snow to much of the state. To avoid falling victim to …

Posted: Dec 31, 2025

Ohio Wendy’s Sued for Disability and Age Discrimination

Insurance Journal

Wendy’s International, LLC violated federal law when it discriminated against a district manager because of disability and age, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit announced. According to the lawsuit, We...

Posted: Dec 31, 2025

AXIS Capital appoints Mirzaian as Underwriting & Product Lead US Media

Reinsurance News

Specialty insurer and reinsurer AXIS Capital has announced the appointment of Anita Mirzaian as Underwriting & Product Lead US Media. In this role Mirzaian will be tasked with accelerating the expansion of the company’s Media portfolio in the...

Posted: Dec 31, 2025

How Bomb Cyclones Form and Create Dangerous Conditions

Carrier Management

How Bomb Cyclones Form and Create Dangerous Conditions When turbulent weather with whipping winds and h...

Posted: Dec 31, 2025

Last of 7 Kentucky Crop Insurance Fraudsters Sentenced to Prison Time

Insurance Journal

A wide net cast by the U.S. Department of Agriculture and the FBI has landed its final catch—prison time for the last of six Kentucky farmers and a warehouse manager found guilty of a long-running tobacco crop-insurance fraud scheme. Larry …

Posted: Dec 31, 2025

Target, Walmart, Whole Foods Targeted in Botulism Suits

Insurance Journal

Target Corp., Whole Foods Market and Walmart Inc. will be added as defendants in lawsuits against baby formula maker ByHeart for selling a product potentially contaminated with spores that cause infant botulism. Bill Marler, a prominent foodborne-ill...

Posted: Dec 31, 2025

Brown University Faces US Probe Over Security After Deadly Shooting

Insurance Journal

Brown University placed its campus police chief on administrative leave and the Trump administration announced an investigation into the school’s security measures after a shooting rampage this month that killed two students and injured nine ot...

Posted: Dec 31, 2025

US P&C set for strong 2026 despite shifting landscape: Fitch

Reinsurance News

US property and casualty (P&C) insurance is set to maintain strong underwriting profitability through 2026, despite a shifting landscape, marked by social inflation, slow economic growth, and heightening competition, according to a new report...

Posted: Dec 31, 2025

Fergus Re names Sharmini Samuels as Chief Underwriting Officer

Reinsurance News

Bermuda-based collateralised reinsurer Fergus Re has appointed Sharmini Samuels as its new Chief Underwriting Officer (CUO), effective January 1st, 2026. This appointment follows that of Stewart Ritchie as Chief Executive Officer in October 2025,...

Posted: Dec 31, 2025

Tech Update: Zurich Launches AI-Powered Tool to Boost Multinational Contract Certainty

Insurance Journal

Zurich Insurance Group has launched Zurich Program IQ to help multinational businesses operate with confidence in an increasingly complex risk environment. This new AI-powered tool has been designed to further enhance contract certainty of multinatio...

Posted: Dec 31, 2025

Non-proportional cyber pricing falls up to 25% as XoL and hard retro gain ground at 1.1: Guy Carpent...

Reinsurance News

Guy Carpenter, a global reinsurance intermediary, has released its January 1, 2026 Reinsurance Renewal Report, outlining a cyber renewal season defined by disciplined execution, competitive pricing conditions and continued structural innovation, p...

Posted: Dec 31, 2025

Mexico Train Derailment Piles Pressure on Sheinbaum Over Safety of Megaprojects

Insurance Journal

Mexico’s President Claudia Sheinbaum deferred questions on Tuesday about the record of a passenger train that derailed over the weekend, killing 13 people and injuring 98 others, the latest in a series of accidents that have put pressure on her...

Posted: Dec 31, 2025

Apollo announces leadership transition for Construction business

Reinsurance News

Apollo, the specialist Lloyd’s re/insurance group, has announced leadership changes for the Construction line of business as Tim Cook prepares to retire from his role as Head of Construction on 31 December 2025. As part of a planned succession, Ma...

Posted: Dec 31, 2025

Some Good Climate News to End the Year

Insurance Journal

Planet-warming greenhouse gas emissions kept rising in 2025 and country pledges to cut them are nowhere near where they need to be to avoid catastrophic climate change, but there were silver linings too. The world is decarbonizing faster than was &#8...

Posted: Dec 31, 2025

Erin Rotz named President of Berkley Fire & Marine

Reinsurance News

W. R. Berkley Corporation, a commercial lines property and casualty insurance provider, has appointed Erin Rotz as President of Berkley Fire & Marine, effective immediately. Rotz has over two decades of inland marine and construction underwrit...

Posted: Dec 31, 2025

2025 Was One of Three Hottest Years on Record: Researchers

Insurance Journal

Climate change worsened by human behavior made 2025 one of the three hottest years on record, scientists said. It was also the first time that the three-year temperature average broke through the threshold set in the 2015 Paris Agreement of …

Posted: Dec 31, 2025

China Lashes Out at Criticism as Taiwan Drills Seem to Wind Down

Insurance Journal

China blasted Western criticism of its most intrusive drills ever around Taiwan as its armed forces appeared to wrap up the maneuvers. The Taiwan question was an “internal affair” and “no country is entitled to make irresponsible co...

Posted: Dec 31, 2025

IK Partners acquires majority stake in French insurance broker Ascora

Reinsurance News

IK Partners, a European private equity firm, has announced that its IK Small Cap IV Fund has acquired a majority stake in Ascora Group, a French multi-specialist insurance broker. The transaction, structured as a management buyout (MBO), is design...

Posted: Dec 31, 2025

Sompo Hong Kong appoints Will Wang as Head of Casualty

Reinsurance News

Sompo Hong Kong, part of Sompo International Holdings Ltd., has announced the appointment of Will Wang as Head of Casualty for Hong Kong, Macau and Taiwan, effective December 29th 2025. Wang will be based in Hong Kong and report to Alasdair Walker...

Posted: Dec 31, 2025

Severity Was Up, But Will Falling Claims Volume Impact the Profession?

Insurance Journal

The average claim severity during the third quarter 2025 could turn out to be one of the highest quarterly amounts in recent history, however the quarter will produce the lowest claim volume in five years—continuing a trend of decreased catastrophe &...

Posted: Dec 31, 2025

CIRCA unveils new Board of Directors and leadership team for 2026

Reinsurance News

The Cayman International Reinsurance Companies Association (CIRCA) has unveiled its Board of Directors and leadership team for 2026 to continue advancing the Cayman Islands’ reinsurance sector. Faramarz Romer, Group Chief Financial Officer at Gree...

Posted: Dec 31, 2025

AI, Litigation Funding and Market Currents: What CM Readers Cared About in 2025

Insurance Journal

As 2025 unfolded, Carrier Management readers gravitated toward features that explored the intersection of technology, economics, and strategy. From artificial intelligence transforming underwriting to litigation funding reshaping claims costs, and re...

Posted: Dec 31, 2025

Fight Over Trump’s $100,000 H-1B Visa Fee Moves to Appeals Court

Insurance Journal

The US Chamber of Commerce is appealing a federal court’s refusal to block the Trump administration’s $100,000 fee on applications for H-1B visas that are heavily relied on by American technology companies for hiring skilled foreign worke...

Posted: Dec 31, 2025

[Video] Wildfires, Lawsuits, AI, and M&A: A Look Back at Insurance in 2025

Insurance Journal

Insurance Journal recaps the biggest stories of 2025—across all of our regions—from record-breaking wildfires and climate losses to broker mega-deals, litigation reform, cyber threats, AI-driven layoffs, and signs of recovery in key insurance markets...

Posted: Dec 31, 2025

Cloudy Future for Bourbon Has Jim Beam Closing Distillery for a Year

Insurance Journal

Bourbon maker Jim Beam is halting production at one of its distilleries in Kentucky for at least a year as the whiskey industry navigates tariffs from the Trump administration and slumping demand for a product that needs years of aging …

Posted: Dec 31, 2025

Alabama DOI Expands Policy Cancellation, Nonrenewal Prohibitions

Insurance Journal

Property insurers in Alabama will no longer be able to cancel or non-renew policies because of natural disasters or because of losses that don’t affect that line of business, the Alabama Department of Insurance announced in a recent bulletin. P...

Posted: Dec 31, 2025

Report: California Comp Combined Ratio for 2024 Highest in 20-Plus Years

Insurance Journal

After three consecutive accident years with relatively stable loss ratios, the projected loss and allocated loss adjustment expense ratio for accident year 2024 rose by 9 points and the combined ratio for accident year 2024 rose by 12 points—the high...

Posted: Dec 31, 2025

Hawaii Hopes New Laws Will Quiet Illegal Fireworks After Deadly New Year’s Eve Blast

Insurance Journal

Mike Lambert heard fewer illegal fireworks exploding in his suburban Honolulu neighborhood in the months after a chain of blasts at a house party last New Year’s Eve led to the deaths of six people, including a 3-year-old boy. As …

Posted: Dec 31, 2025

Virginia Offshore Wind Developer Sues Over Trump Order Halting Projects

Insurance Journal

NORFOLK, Va—The developers of a Virginia offshore wind project are asking a federal judge to block a Trump administration order that halted construction of their project, along with four others, over national security concerns. Dominion Energy Virgin...

Posted: Dec 31, 2025