All Posts

Travelers announces enhanced services for cyber liability customers

coverager

The suite of capabilities are added to all cyber liability policies.

Posted: Apr 02, 2025

Nationwide Ventures backs EVident Battery

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The company develops rapid, non-destructive EV battery pack inspection technology.

Posted: Apr 02, 2025

LogRock raises $8 million

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LogRock is a trucking-focused digital insurance platform.

Posted: Apr 02, 2025

California FAIR Plan Stabilization Act Moving Through Legislature

Insurance Journal

A bill that aims to enable the California FAIR Plan to seek additional claims paying capacity is making its way through state Legislature. Assembly Bill 226, the FAIR Plan Stabilization Act, passed out of the Assembly 72-0. Related: California OKs &#...

Posted: Apr 02, 2025

Global Risk Management Challenge Draws Record Student Participation

Risk & Insurance

Spencer-RIMS Risk Management Challenge draws record participation as student teams tackle climate risks for West Virginia city. The post

Posted: Apr 02, 2025

Collaboration Within Customer Experience Key to the Future of Auto Insurance: Report

Carrier Management

Collaboration Within Customer Experience Key to the Future of Auto Insurance: Report The...

Posted: Apr 02, 2025

Getty Museum to Sell $500 Million of Debt for Fire Protection

Carrier Management

Getty Museum to Sell $500 Million of Debt for Fire Protection One of California's most famed art institutions...

Posted: Apr 02, 2025

Markets/Coverages: CFC Says New Cyber Product Includes 2 Industry Firsts

Insurance Journal

Specialist insurer CFC announced a new cyber product – Cyber Proactive Response (CPR) – aimed at businesses with revenues up to $250 million. CFC said the new product includes two firsts for the cyber insurance industry. Policyholders will not only &...

Posted: Apr 02, 2025

Iowa Man Who Falsified Rolex Watch Claim Sentenced to 10 Years in Prison

Insurance Journal

An Iowa man was sentenced last week to ten years in prison after pleading guilty to Insurance Fraud (Class D Felony) and Fraudulent Practice (Class D Felony), following an investigation conducted by the Iowa Insurance Division’s Fraud Bureau. B...

Posted: Apr 02, 2025

Supreme Court Largely Backs FDA on Flavored Vapes

Insurance Journal

The US Supreme Court largely sided with the Food and Drug Administration in its rejection of applications to sell flavored vaping products, backing actions the agency took during Joe Biden’s presidency amid uncertainty about the approach it wil...

Posted: Apr 02, 2025

TDI to Adopt 11.5% Workers’ Comp Rate Decrease

Insurance Journal

The Texas Department of Insurance said in a March 28 bulletin that it accepted the National Council on Compensation Insurance (NCCI) advisory loss cost filing proposal of an overall average decrease of 11.5% to the current loss cost level. The &#8230...

Posted: Apr 02, 2025

Florida’s Universal P&C Overstated Claims to Cat Fund, Must Pay $4M Fine, AG Says

Insurance Journal

The Florida Hurricane Catastrophe Fund will not have to pay some $30 million to Universal Property & Casualty Insurance Co., after the carrier settled a civil suit that alleged the insurer had backdated claims to boost reimbursement from the fund...

Posted: Apr 02, 2025

Chipotle to Settle Kansas Religious Harassment Lawsuit

Insurance Journal

National restaurant chain Chipotle Services, Inc. will pay $20,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) religious harassment, retaliation, and constructive discharge lawsuit, the federal agency anno...

Posted: Apr 02, 2025

Severe Storm Threatens Central US With Heavy Rains, Tornadoes

Insurance Journal

Heavy rain, severe thunderstorms and the risk of tornadoes are threatening more than 40 million people from Michigan to Texas as a slow-moving cold front hovers over the region. There’s a rare high risk for damaging winds and long-lasting power...

Posted: Apr 02, 2025

Judge Declines to Force FEMA to Release Funds to Upgrade U.S. Emergency Alert System

Carrier Management

Judge Declines to Force FEMA to Release Funds to Upgrade U.S. Emergency Alert System Last month, a fede...

Posted: Apr 02, 2025

Aon expects over $7.5bn of additional US property cat reinsurance demand at mid-year renewals

Reinsurance News

As reinsurance capital continues to grow and keep pace with increasing demand from buyers, broking group Aon’s Reinsurance Solutions arm expects more than $7.5 billion of additional US property catastrophe limit demand at the mid-year renewa...

Posted: Apr 02, 2025

Berkshire (BHSI) promotes Gormley to Country Manager and Reddin to Head of E&P, Ireland

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has appointed Caoimhe Gormley as Country Manager and Ciaran Reddin as Head of Executive & Professional (E&P) Lin...

Posted: Apr 02, 2025

Firm Issued Fake insurance for Russian Oil Tankers, Norway’s Regulator Says

Insurance Journal

The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents. Norway-registered Romarine AS purported to...

Posted: Apr 02, 2025

Norway Says Firm Issued Fake Insurance for Russian Oil Tankers. One Company Claimed it Was Registere...

Insurance Journal

The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents. Norway-registered RO Marine AS, purported...

Posted: Apr 02, 2025

Firm Issued Fake Insurance for Russian Oil Tankers, Norway’s Regulator Says

Insurance Journal

The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents. Norway-registered Romarine AS purported to...

Posted: Apr 02, 2025

11 InsurTechs join Lloyd’s Lab Accelerator programme

Reinsurance News

Insurance and reinsurance marketplace Lloyd’s has revealed the 11 InsurTechs that have secured a place in the 14th Cohort of the Lloyd’s Lab Accelerator programme. The teams chosen include Faura, Satva Trust, QualRisk, Ocean Ledger, No...

Posted: Apr 02, 2025

Modernizing distribution management

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A comprehensive approach to fuel growth, drive efficiency, and reduce risk

Posted: Apr 02, 2025

Bamboo Insurance partners with Incline P&C

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Bamboo will begin underwriting admitted and non-admitted homeowners programs with Incline immediately.

Posted: Apr 02, 2025

FurtherAI raises $5 million

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The startup announced that it is expanding into the UK.

Posted: Apr 02, 2025

Verisk Buy of Nasdaq Subsidiary Gains Access to Hundreds of Catastrophe Models

Insurance Journal

Verisk said today it has acquired Nasdaq subsidiary Simplitium Limited, the owner and operator Nasdaq Risk Modelling for Catastrophes (NRMC). NRMC is a software-as-a-service platform that supports an open ecosystem where specialized model partners ma...

Posted: Apr 02, 2025

Las Vegas Telsa Arson Suspect to Remain Jailed Until Trial

Insurance Journal

A man accused of setting fire to Tesla vehicles in Las Vegas will remain jailed until his trial on federal charges of arson and possessing an explosive device, a judge ruled Monday. U.S. Magistrate Judge Elayna Youchah concluded no pretrial …

Posted: Apr 02, 2025

Roos to succeed Reeves as CEO of Bowring Marsh Bermuda

Reinsurance News

Marsh, an insurance broker and risk advisor and a subsidiary of Marsh McLennan, has announced Lindsay Roos will succeed Christopher Reeves as CEO of Bowring Marsh Bermuda, its Bermuda-based international placement specialist, effective immediately...

Posted: Apr 02, 2025

Lemonade: 700K Customers on the Car Insurance Waitlist

Insurance Journal

While Allstate’s CEO Tom Wilson named GEICO and Progressive when asked about the ability to grow auto insurance in 2025 as competitors do the same, no one on Allstate or Progressive’s earning calls addressed competition from Lemonade. The...

Posted: Apr 02, 2025

Macy’s to Claw Back Executive Bonuses Due to Accounting Scandal

Insurance Journal

Macy’s Inc. is clawing back more than $600,000 in cash bonuses from executives after an accounting scandal led to inflated pay. The department-store operator tied executives’ cash bonuses to an earnings metric that turned out to be overst...

Posted: Apr 02, 2025

Casualty (GTPL) in Japan remained a challenging class at April 1 renewals: Gallagher Re

Reinsurance News

Casualty General Third Party Liability (GTPL) in Japan at the April 1st, 2025, reinsurance renewals remained a challenging class of business, with excess-of-loss programmes with no loss emergence experiencing flat rates to up 5%, according to rein...

Posted: Apr 02, 2025

California Bill Would Require Insurers to Notify Property Owners of Aerial Inspections

Carrier Management

California Bill Would Require Insurers to Notify Pro...

Posted: Apr 02, 2025

US House Democrats Open Investigation Into Kennedy Bird Flu Response

Carrier Management

US House Democrats Open Investigation Into Kennedy Bird Flu Response Democrats...

Posted: Apr 02, 2025

Small Businesses Continue to Be Underserved by Cyber Insurers: CyberCube

Insurance Journal

Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both a...

Posted: Apr 02, 2025

Suspended Driver Facing Multiple Charges in Brooklyn Crash that Killed Mom, Kids

Insurance Journal

NEW YORK (AP) — A woman is facing multiple charges after she crashed into a family out for a walk in Brooklyn, killing a mother and her two children in what New York City Mayor Eric Adams described as a …

Posted: Apr 02, 2025

Suspended Driver Facing Multiple Charges in Brooklyn Crash That Killed Mom, Kids

Insurance Journal

A woman is facing multiple charges after she crashed into a family out for a walk in Brooklyn, killing a mother and her two children in what New York City Mayor Eric Adams described as a “tragic accident of a …

Posted: Apr 02, 2025

Brokerslink expands network with new members in Mauritania and Ivory Coast

Reinsurance News

Broking network Brokerslink has welcomed new members from Mauritania and the Ivory Coast, further strengthening its presence in Africa. With these additions, Brokerslink now has broking partners and affiliates in 41 countries across the continent....

Posted: Apr 02, 2025

UK to Compel 1,000 Firms to Shore Up Cyber Defenses After Hacks

Insurance Journal

The UK government will pass legislation compelling companies providing IT services to critical national infrastructure to improve their cyber defenses after a wave of attacks by Russia, China, Iran and North Korea. As many as 1,000 firms will fall un...

Posted: Apr 02, 2025

Mercury expects reinsurance rates to increase as it seeks more limits at July ’25 renewal

Reinsurance News

California-based insurer Mercury General expects to purchase more catastrophe reinsurance protection at its July 2025 renewal and anticipates the recent approval for a 12% rate increase in its California Homeowners business to help offset an expec...

Posted: Apr 02, 2025

Markel appoints Erik Johnson as Head of Technical Underwriting and Oversight

Reinsurance News

Markel, the insurance arm of Markel Group Inc., has announced the appointment of Erik Johnson as Head of Technical Underwriting and Oversight, effective immediately. In this newly created position, Johnson will lead the International Technical Und...

Posted: Apr 02, 2025

FurtherAI raises $5m in funding to enhance AI solutions for commercial insurance

Reinsurance News

Tech company FurtherAI has raised $5 million in funding, led by Nexus Venture Partners, to advance its commercial insurance AI, expand enterprise integrations, and grow its team. FurtherAI’s technology is trusted by top insurers and carriers globa...

Posted: Apr 02, 2025

North Korean IT Warriors Increasingly Target Europe, Google Says

Insurance Journal

North Korean IT workers are increasingly posing as remote freelancers from other countries to infiltrate companies in Europe, putting organizations at risk of espionage, data theft and disruption. The workers, who refer to themselves as “warrio...

Posted: Apr 02, 2025

Update: North Korean IT Warriors Push to Infiltrate European Firms

Insurance Journal

North Korean IT workers are increasingly posing as remote freelancers from other countries to infiltrate companies in Europe, putting organizations at risk of espionage, data theft and disruption. The workers, who refer to themselves as “warrio...

Posted: Apr 02, 2025