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Detroit to Pay Nearly $6M in Death Connected to Bus Driver with Many Crashes

Insurance Journal

The city of Detroit has agreed to pay $5.85 million to settle a lawsuit over the death of a pedestrian who was struck by a city bus, the second fatality involving the same driver since 2015. Wayne County Judge Kathleen …

Posted: Oct 31, 2025

SCOR sees opportunities to grow in US cat at 1/1: Jean-Paul Conoscente

Reinsurance News

Jean-Paul Conoscente, Chief Executive Officer of SCOR P&C, said the French reinsurer views the US catastrophe market as attractive, with opportunities to grow given the current level of price adequacy. During SCOR’s Q3 2025 results call, Conos...

Posted: Oct 31, 2025

People Moves: Texas State Office of Risk Management Names Hays as Executive Director

Insurance Journal

The Texas State Office of Risk Management Board of Directors announced Sara Hays as the newly appointed Executive Director. Hays joins the Office after many years of state service, including Chief of Staff for two state representatives and Budget and...

Posted: Oct 31, 2025

North Dakota Judge Says Greenpeace Must Pay $345M in Pipeline Lawsuit

Insurance Journal

A North Dakota judge has ordered Greenpeace to pay damages of $345 million, reducing an earlier jury award after it found the environmental group and related entities liable for defamation and other claims in connection with protests of an oil &#8230...

Posted: Oct 31, 2025

US P&C market sees wave of growth in reciprocal insurance exchanges: ALIRT

Reinsurance News

Reciprocal insurance exchanges (RIEs) in the U.S. have seen a wave of growth as new entrants emerge to address capacity shortages in property markets, particularly across the southern coastal states, according to ALIRT Insurance Research. ALIRT’s...

Posted: Oct 31, 2025

Wildfire Forces Rural Community in Southern Texas to Evacuate

Insurance Journal

Thick smoke blanketed a rural community in southern Texas and many residents were ordered to evacuate as firefighters worked to contain a blaze Wednesday evening, officials said. The Mill Fire in Gregory, Texas, about 150 miles (80.5 kilometers) sout...

Posted: Oct 31, 2025

Hamilton Insurance announces new Chair for HMA and HIDAC

Reinsurance News

Bermuda-based insurer and reinsurer, Hamilton Insurance Group, Ltd. has appointed Dymphna Lehane as Chair of Hamilton Managing Agency Limited (HMA) in the United Kingdom and Independent Non-Executive Director of Hamilton Insurance Designated Activ...

Posted: Oct 31, 2025

AM Best Keeps Credit Ratings of NASW Insurance Co. Under Review

Insurance Journal

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of NASW Insurance Co. (NASWIC) headquartered in Washi...

Posted: Oct 31, 2025

Aon’s Q3 Organic Growth of 7% Outperforms Expectations

Insurance Journal

Insurance broker Aon reported strong third quarter revenue of $4.0 billion, an increase of 7% from $3.7 billion reported for Q3 2024. Organic revenue rose 7% during Q3, which was level with last year’s third quarter, but beat Wall Street &#8230...

Posted: Oct 31, 2025

Nippon Life completes acquisition of Resolution Life

Reinsurance News

Resolution Life, a global life insurance group focused on reinsurance and managing life insurance portfolios, has confirmed the completion of its acquisition by Nippon Life Insurance Company, a Japanese life insurer. This follows the December 2024...

Posted: Oct 31, 2025

Building the Next Generation of Insurance Experts: How the PRC Designation Is Bridging the Industry’...

Risk & Insurance

The PRC acts as an introduction to brokering insurance, giving candidates the baseline knowledge they need to become specialized in their career. The post

Posted: Oct 31, 2025

Nate Zangerle Named President of Global Surety at Liberty Mutual Insurance’s Global Risk Solutions

Risk & Insurance

The latest people news in the industry today. The post Nate Zangerle Named President of Global Surety...

Posted: Oct 31, 2025

David Carlson, DO, Appointed President and CEO of Physicians Insurance A Mutual Company

Risk & Insurance

The latest people news in the industry today. The post David Carlson, DO, Appointed President and CEO of Physician...

Posted: Oct 31, 2025

AI Litigation and Its Impact on D&O Insurance

Risk & Insurance

AI-driven businesses face rising litigation, regulatory scrutiny, and insurance challenges from misrepresentation, disclosure failures, and systemic risk. The post

Posted: Oct 31, 2025

John Tiesi Appointed US Head of Financial Lines at Canopius Group

Risk & Insurance

The latest people news in the industry today. The post John Tiesi Appointed US Head of Financial Lines at Canopius Group appeared...

Posted: Oct 31, 2025

Colleen Seal Appointed as Chief Sales Officer at Prodigy Care Services

Risk & Insurance

The latest people news in the industry today. The post Colleen Seal Appointed as Chief Sales Officer at Prodigy Care Services...

Posted: Oct 31, 2025

Hyperscalers a level of opportunity we haven’t seen before: Aon CEO Greg Case

Reinsurance News

The rapid advancement of data centre construction from the world’s hyperscalers is a “monumental” opportunity for re/insurance broking group Aon and the wider risk transfer industry. And while it’s still early days, Preside...

Posted: Oct 31, 2025

Palomar acquires Gray Surety for $300 million

coverager

Gray Surety specializes in contract bonds for midsized and emerging contractors.

Posted: Oct 31, 2025

Axonic Insurance secures $210 million investment

coverager

Axonic Insurance is a global annuity and insurance platform launched in 2024 by Axonic Capital.

Posted: Oct 31, 2025

Ryan Specialty reports Q3 2025 results

coverager

CFO Janice Hamilton emphasized that M&A remains a top priority.

Posted: Oct 31, 2025

Lemonade expands telematics options in New Jersey

coverager

Lemonade currently has 3,689 car-insurance policyholders in New Jersey as of September 2025.

Posted: Oct 31, 2025

PIB Group to acquire Vitaance

coverager

Ticker is a car MGA.

Posted: Oct 31, 2025

What Nick Saban Can Teach Us on AI

Insurance Thought Leadership

What Nick Saban Can Teach Us on AI ITL Editorial Team

Posted: Oct 31, 2025

Deal for Nuclear Reactors Raises Safety Concerns

Insurance Journal

A huge nuclear deal announced by the Trump administration earlier this week provides a multi-billion-dollar incentive for the U.S. government to issue permits and approvals for new Westinghouse reactors—an unprecedented structure that critics say pos...

Posted: Oct 31, 2025

AM Best places IQUW Re credit ratings under review with positive implications

Reinsurance News

AM Best has placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of IQUW Re Bermuda Limited (IQUW Re) (Bermuda) under review with positive implications. Additionally, the credit rating a...

Posted: Oct 31, 2025

North Carolina Public Adjuster Charged With Embezzling $130,000 Insurance Payment

Insurance Journal

North Carolina authorities on Thursday arrested a public adjuster, accusing him of absconding with a $133,000 payout from the insurance carrier following a contentious roof claim. Tyler Dionysius Englin, 26, of Garner, North Carolina, was charged wit...

Posted: Oct 31, 2025

Program Business Premiums Surge to $110.8 Billion as Sector Outpaces Broader P&C Insurance Growth

Risk & Insurance

TMPAA survey reveals 40% growth in program business premium volume while carriers and administrators explore AI and alternative capacity models. The post

Posted: Oct 31, 2025

Losses caused by Hurricane Melissa to reach single-digit billions USD in the Caribbean: Aon

Reinsurance News

With extensive damage from the impacts of Hurricane Melissa seen across the Caribbean, insurance and reinsurance broker Aon warns that total economic and insured losses could land in the single-digit billions of USD, and potentially higher after f...

Posted: Oct 31, 2025

OTHER INSURANCE PROVISION CONSIDERATIONS

Rough Notes

Potentially avoiding messy claims situations when policies overlap [W]hen … coverage is already provided via another policy, issues can most certainly arise. By Marc McNulty, CIC, CRM Young producers often get excited when they close a deal and put m...

Posted: Oct 31, 2025

Will Automation End the Binder?

Insurance Thought Leadership

Will Automation End the Binder? Underwriting

Posted: Oct 31, 2025

Alabama DOI Says Captive Moratorium Does Not Apply to Foreign RRGs

Insurance Journal

Eight months after it declared a moratorium on the licensing of captive insurance companies and risk retention groups, the Alabama Department of Insurance has posted a clarification. The March bulletin and an extension of the moratorium issued in Sep...

Posted: Oct 31, 2025

Ryan Specialty to acquire Canadian MGU Stewart Specialty Risk Underwriting

Reinsurance News

International specialty insurance firm, Ryan Specialty, has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd. (SSRU), a Toronto-based managing general underwriter (MGU) specialising in underwriting large-account, hi...

Posted: Oct 31, 2025

WANT LOYALTY? BUY A DOG!

Rough Notes

Thoughts on trust, mutual respect, support in hard times, and emotional connections As both a force and an emotion, loyalty can be a powerful influence in bringing people together or deeply dividing them. By Dr. William T. Hold, CIC, CPCU, CLU Loyalt...

Posted: Oct 31, 2025

THE INCUBATORS FOR TOMORROW’S AGENCY OWNERS

Rough Notes

Networks help lay foundation for new and growing insurance agencies By Mike Strakhov Photos provided by The Insurance Network Alliance In the evolving landscape of insurance distribution, agency networks have emerged as powerful incubators for aspiri...

Posted: Oct 31, 2025

STAY IN YOUR LANE AND DO YOUR JOB

Rough Notes

Straying can result in an agency’s loss of efficiency, profitability, and client satisfaction To have a successful high-performance agency, your producers and salespeople must first have clarity about what their job entails and how they will be held...

Posted: Oct 31, 2025

EXTREME RAINFALL EVENTS ARE ON THE RISE

Rough Notes

How prepared are your clients and community? Helping clients learn more about flood risks and their management, including the value of flood insurance to help them recover financially from a flood loss, helps make their future more secure. By Lisa A....

Posted: Oct 31, 2025

No phones, no problem? Not so fast.

Rough Notes

Legal, operational and cultural implications of implementing cell phone policies By Sharon Orr As the holidays approach, mission-based organizations such as parochial schools and nonprofits are preparing to offer camps and other activities for youth...

Posted: Oct 31, 2025