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AM Best has affirmed CompSource Mutual Insurance Company’s Financial Strength Rating (FSR) of A (Excellent) with a Stable outlook. AM Best is the preeminent insurance credit rating service. CompSource Mutual is Oklahoma’s premier workers&...
Posted: Dec 29, 2025
Another intense winter storm system stretching from the upper Midwest to the Northeast will once again test US airlines during the busy holiday travel period. Service is still trying to recover from days of disruption that led to more than …
Posted: Dec 29, 2025
Storms and high winds are wreaking havoc on South Africa’s electricity supply, with disruptions reported nationwide. “While major disruptions in the Eastern Cape have largely been addressed, the KwaZulu-Natal, Limpopo and Free State provi...
Posted: Dec 29, 2025
Cayman Islands domiciled reinsurance company, Topsail Re, will be added to Mutual Re’s ownership group effective January 1st, 2026, joining Farm Bureau Mutual Insurance Company of Michigan, Kentucky Farm Bureau Mutual Insurance Company, Moto...
Posted: Dec 29, 2025
San Francisco Waymo Outage Raises Doubts Over Robotaxi Readiness During Crises...
Posted: Dec 29, 2025
Posted: Dec 29, 2025
Several New Laws Impacting California Drivers Take Effect January 1 Ma...
Posted: Dec 29, 2025
Posted: Dec 29, 2025
Posted: Dec 29, 2025
Uber Technologies Inc. and Lyft Inc. are each teaming up with Baidu Inc. to trial driverless taxis in the UK, as ride-sharing companies race to deploy autonomous services around the world. Uber said Monday a pilot program using Baidu’s Apollo &...
Posted: Dec 29, 2025
JPMorgan Chase & Co. was sued by two former financial advisers who claim the bank discriminated against them as Black women by assigning them to less-affluent Brooklyn, New York, neighborhoods and allowing male colleagues to poach their clients....
Posted: Dec 29, 2025
A South Korean investigation into the Jeju Air crash that killed 179 people is set to miss a one-year deadline to release a progress report, two officials said, as frustrated relatives of the victims continue to demand answers about what …
Posted: Dec 29, 2025
Risksmith Insurance Services, a specialty managing general underwriter (MGU) focused on providing insurance solutions for complex excess and surplus (E&S) risks, has launched an earthquake programme offering flexibility, deep technical experti...
Posted: Dec 29, 2025
Global insurance and reinsurance broking group Aon reports that competition among reinsurance companies was particularly strong in the US, as buyers of protection took advantage of favourable 1.1 renewal dynamics. Aon will release its full Reinsur...
Posted: Dec 29, 2025
A Cuban immigrant who had built a new life working at a Kentucky scrapyard died on Christmas Day from severe burns suffered in last month’s UPS cargo plane crash, raising the death toll to 15, officials said. Alain Rodriguez Colina …
Posted: Dec 29, 2025
Marsh UK has announced the renewal of Slipstream, its dedicated marine, cargo, and logistics facility, with Markel as the lead insurer. “As the industry continues to face volatility due to choke points along several trade routes, Slipstream offers...
Posted: Dec 29, 2025
Concert Group Announces Ownership, Board Changes Late las...
Posted: Dec 29, 2025
Intense Winter Storms Turned Some California Roads into Rivers of Mud Powerful winter storms brought th...
Posted: Dec 29, 2025
Aflac said its investigation into a cybersecurity incident discovered six months ago affected more than 22.6 million individuals. The Columbus, Georgia-based health and life insurer said in a statement earlier this month that it has started to notify...
Posted: Dec 29, 2025
Aflac said its investigation has revealed a cybersecurity incident discovered six months ago affected more than 22.6 million individuals. The Columbus, Georgia-based health and life insurer said in a statement earlier this month that it has started t...
Posted: Dec 29, 2025
China plans to tighten rules around the use of human-like artificial intelligence by requiring providers to ensure their services are ethical, secure and transparent. Users must be informed they are dealing with AI when they log in to a service ̷...
Posted: Dec 29, 2025
A widespread power outage in San Francisco that led to Waymo robotaxis stalling and snarling traffic earlier this month has raised concerns about the readiness of autonomous vehicle operators to tackle major emergencies like earthquakes and floods. D...
Posted: Dec 29, 2025
John Parker Campbell describes the wild pigs on his family farm as “a constant headache.” Hogs will eat up corn and peanuts that have just been planted, damaging acres of crops in a night. Some years the hog damage is …
Posted: Dec 29, 2025
According to Guy Carpenter’s January 2026 renewal report, dedicated reinsurance capital is projected to rise by around 9% in 2025, reaching $660 billion, driven by a 10% increase in alternative capital. Dean Klisura, Guy Carpenter’s Presiden...
Posted: Dec 29, 2025
The top 10 most popular international stories during 2025 covered a diverse range of topics, including the job difficulties experienced by John Neal, the ex-CEO of Lloyd’s; catastrophe losses from Hurricane Melissa; the rising cost of climate c...
Posted: Dec 29, 2025
A fire tore through the historic Old Port waterfront in Portland, Maine, the day after Christmas, damaging aging buildings and several boats. Flames and smoke spread easily through structures along the Custom House Wharf, a 19th- and 20th-century hub...
Posted: Dec 29, 2025
According to the Insurance Information Institute (Triple-I), a US-based insurance industry research and education organisation, rising premiums and tighter coverage options continue to challenge household budgets across the country. At the same ti...
Posted: Dec 29, 2025
SanlamAllianz Reinsurance, the reinsurance arm of SanlamAllianz, has announced the appointment of Shawn Kriedemann as Chief Underwriting Officer (CUO), effective 1st January 2026. Kriedemann brings more than 35 years of experience across Africa an...
Posted: Dec 29, 2025
Alliant Insurance Services has been selected by the Metropolitan Transportation Authority, North America’s largest transportation network, as insurance broker for Phase 2 of the Second Avenue Subway, a $2 billion project that began in September 20...
Posted: Dec 29, 2025
Munich Re, a global provider of reinsurance, primary insurance and insurance-related risk solutions, has announced the appointment of Eric Zhao as Chief Executive Officer of its Beijing Branch. The appointment will take effect on 1 January 2026, s...
Posted: Dec 29, 2025
Jireh, a reinsurance innovation solutions provider, and Strategic Risk Solutions (SRS), an independent insurance company manager, have launched OpIngen, a next-generation operations service for the reinsurance and insurance-linked securities (ILS)...
Posted: Dec 29, 2025
Posted: Dec 29, 2025
The change of Lloyd’s claims management to a “hurdle principle” places the delivery of high-quality claims services among the key fundamental responsibilities of managing agents, positioning it alongside underwriting and governance as a strategic...
Posted: Dec 29, 2025
A Dutch nonprofit is seeking €1.4 billion ($1.6 billion) in compensation from Tata Steel’s Netherlands units, alleging that harmful emissions from its operations have caused environmental harm and health damage to nearby residents. Stichting Fr...
Posted: Dec 29, 2025
JAB Insurance, the global insurance business of JAB Holding Company, has entered into a definitive agreement to acquire from Utmost Group plc its Life and Pensions (ULP) business. ULP is a UK life and pensions platform with more than £5 billion of...
Posted: Dec 29, 2025
A recent report by Marsh McLennan’s reinsurance broking arm, Guy Carpenter, reveals that expanded reinsurance capacity available at the key January 1, 2026, reinsurance renewals, accelerated softening of pricing across many lines of business...
Posted: Dec 29, 2025
The U.S. auto safety regulator said it has opened a defect investigation into Tesla Model 3 compact sedans over concerns that emergency door release controls may not be easily accessible or clearly identifiable in an emergency. The National Highway T...
Posted: Dec 29, 2025
International insurance group Ageas has announced the appointment of Karolien Gielen as Managing Director Asia and Business Development, effective 1 February 2026. Gielen, currently Managing Director Business Development (including Strategy, CDSO,...
Posted: Dec 29, 2025
Posted: Dec 29, 2025
Earlier this month, AM Best provided its initial tally of year-to-date financial results for U.S. property/casualty insurers, reporting a $34.9 billion net underwriting gain through the first nine months of 2025. According to Best’s Special Rep...
Posted: Dec 29, 2025
Acrisure’s announcement to lay off several hundred employees amidst rising AI integration topped the charts of Insurance Journal’s Midwest region in 2025. Midwest readers also paid close attention to State Farm’s decision to impleme...
Posted: Dec 29, 2025
Property insurers have complained for years about roofers deliberately damaging roofs in order to file claims. But few have done what North Carolina Farm Bureau Mutual Insurance and the state’s Department of Insurance did: Set up a sting operat...
Posted: Dec 29, 2025
Mergers and acquisitions were among big stories last year and they continued to catch the attention of readers in 2025. The three largest insurance brokers — March, Aon and Arthur J. Gallagher — announced or closed multi-billion-dollar acquisitions i...
Posted: Dec 29, 2025
Two south Florida injury attorneys, one a former insurance defense counsel, were still missing Sunday after their fishing boat was found southwest of Naples with the engine still running. The FBI has joined the investigation into what may have happen...
Posted: Dec 29, 2025
A federal judge gave a green light Tuesday to New York’s so-called Green Light Law, rejecting the Trump administration’s bid to stop the state from giving people driver’s licenses without having them prove they are in the country le...
Posted: Dec 29, 2025