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Insurance Business Magazine - US
Posted: Aug 21, 2025
Insurance Business Magazine - US
Posted: Aug 21, 2025
Lawyer Argues Meta Can’t Be Held Liable for Gunmaker’s IG Posts in Uvalde Suit A lawsuit filed by famil...
Posted: Aug 21, 2025
National Drive Sober Campaign Continues Through Labor Day Between August 15 and September 1, the U.S. Dep...
Posted: Aug 21, 2025
Honeycomb Insurance, a digital MGA specializing in property and casualty coverage for landlords and condominium associations, announced that it has begun writing policies in Minnesota, with plans to expand into four additional states over the upcomin...
Posted: Aug 21, 2025
Louisiana regulators approved Entergy Corp.’s plan to build three natural gas plants to power Meta Platform Inc.’s biggest data center. Meta’s latest and largest data center is a 4 million–square–foot complex in rural Louisiana inte...
Posted: Aug 21, 2025
Texas officials are warning health care providers to stop sending abortion pills into the state or risk fines and prosecution, as Attorney General Ken Paxton seeks to halt the flow of medicine that’s circumventing local restrictions. Prosecutor...
Posted: Aug 21, 2025
More than half of carriers plan staff increases over next 12 months as revenue growth expectations reach highest levels in recent surveys: The Jacobson Group and Aon. The post
Posted: Aug 21, 2025
Swiss Re Corporate Solutions’ US Chief Executive Officer (CEO), Adrian Hall, has highlighted the increasing threats posed by extreme heat, noting that the risk is now a direct threat to physical assets as he calls for the risk to be at the c...
Posted: Aug 21, 2025
More Than 2.6M Homes Face Moderate to Greater Risk of Wildfires: Cotality The once so-called "wi...
Posted: Aug 21, 2025
US Probes Tesla Crash Report Delays The U.S. auto safety agency sa...
Posted: Aug 21, 2025
A New York appeals court struck down a $464 million fraud fine against President Donald Trump and his company, handing him a victory over the state’s attorney general. In a decision issued Thursday, the Manhattan appellate court still found tha...
Posted: Aug 21, 2025
Green Shield Risk Solutions, a managing general agent, has announced the launch of its flagship homeowners program, Guardian Elite Home. The program was created exclusively for wildfire-prone regions of Colorado and California. Designed for affluent...
Posted: Aug 21, 2025
Minnesota on Tuesday joined a wave of states suing TikTok, alleging the social media giant preys on young people with addictive algorithms that trap them into becoming compulsive consumers of its short videos. “This isn’t about free speec...
Posted: Aug 21, 2025
Hadron, an insurance carrier focused on innovation in the delegated authority space, today announced the successful completion of its acquisition of The Guarantee Company of North America USA (GCNA) from Atlantic Specialty Insurance Company, a sub...
Posted: Aug 21, 2025
Pen Underwriting, the multi-class multi-territory managing general agent, has struck a strategic partnership with hybrid insurer Bridgehaven Specialty UK Limited, in support of the UK solicitors’ professional indemnity (PI) market. According to Pe...
Posted: Aug 21, 2025
Insurance Business Magazine - US
Posted: Aug 21, 2025
The Allstate Corporation, a provider of personal property and casualty insurance in the US, has estimated catastrophe losses of $184 million or $145 million, after-tax for July. The company reported that the cat losses stemmed from 19 wind and hai...
Posted: Aug 21, 2025
There’s a popular T-shirt on Hatteras Island along the North Carolina Outer Banks that says: “One road on. One road off (sometimes)” — poking fun at the constant battle between Mother Nature and a thin ribbon of pavement connecting...
Posted: Aug 21, 2025
A brand new veterinary hospital exploded Tuesday morning in North Carolina after a car crashed into a nearby gas meter, authorities said. About 20 minutes before the explosion in Wilmington, a car had run off the road and hit the …
Posted: Aug 21, 2025
Reinsurance Group of America (RGA) is the world’s largest reinsurer focused solely on life reinsurance and ranks third overall among companies that also write non-life reinsurance, based on AM Best’s full-year 2024 data for firms reporting under n...
Posted: Aug 21, 2025
The U.S. Department of Homeland Security said Monday that a truck driver accused of making an illegal U-turn that killed three people in Florida was in the country illegally, fueling a verbal tussle with California Gov. Gavin Newsom’s office ov...
Posted: Aug 21, 2025
Insurance broker and risk advisor Marsh, a Marsh McLennan business, has announced the appointments of Brian Glod as Global Head of Aviation and Space and Tony Ambrose as Global Chairman of Aviation and Space, effective September 1. Based in New Yo...
Posted: Aug 21, 2025
This edition of International People Moves details appointments at QBE European Operations and London-based underwriting agency Doe and Emuss. QBE Promotes Massé to Head of European Claims Commercial insurer QBE has promoted Virginie Massé to the rol...
Posted: Aug 21, 2025
The Managing General Agents’ Association (MGAA) has released its 2025 Annual Report, highlighting “a year of strong growth, innovation, and industry-wide impact across the MGA sector.” The report, which covers the period from August 2024 to July 2...
Posted: Aug 21, 2025
Coterie Insurance, a tech-enabled and data-focused managing general agent (MGA), has appointed Mike Albert as Chief Technology Officer and Allan Egbert as Chief Platform Officer. Albert and Egbert have worked with Coterie as advisors since early 2...
Posted: Aug 21, 2025
Somerset Life Re, a new reinsurance company domiciled in Bermuda and a subsidiary of Somerset Re, has received a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) from AM Best. The ratings reflect t...
Posted: Aug 21, 2025
Google will pay $30 million to settle a lawsuit claiming it violated the privacy of children using YouTube by collecting their personal information without parental consent, and using it to send targeted ads. A preliminary settlement of the proposed...
Posted: Aug 21, 2025
XPT Specialty, a wholesale broker for commercial and personal insurance, has announced the appointment of three new underwriters: Will Pinson, Janet Christenberry, and Charles Bethishou. The hires expand XPT Specialty’s operations into Atlanta and...
Posted: Aug 21, 2025
A member of a notorious cybercrime gang known as Scattered Spider was sentenced on Wednesday to ten years in prison in connection with a string of major hacks and cryptocurrency thefts. US District Judge Harvey Schlesinger delivered the sentence to &...
Posted: Aug 21, 2025
Hurricane Erin is triggering dangerous beach conditions across much of the US East Coast that will likely last into the weekend, as the storm pushes north in the waning days of the summer travel season. Erin is not currently forecast …
Posted: Aug 21, 2025
Mike van der Straaten, Chief Executive Officer of Antares Global, a provider of insurance and reinsurance capacity, has said that the balance of power is shifting back towards buyers of reinsurance, with greater competition and gradually returning...
Posted: Aug 21, 2025
According to analysts at Howden, the global insurance and reinsurance broking group, after a “relatively restrained” January 1st aviation renewal, a series of high-profile losses and evolving dynamics in the first half of 2025, market...
Posted: Aug 21, 2025
Markel Insurance, the insurance division of Markel Group Inc., has appointed Alain Paris as Vice President, Product Line Leader – Primary Casualty, effective immediately. In this new role, Paris will be responsible for leading the primary ca...
Posted: Aug 21, 2025
Oka, the US carbon-credit insurance carrier, has announced the expansion of its climate risk solutions with the launch of a new green credit insurance offering. The expansion builds on Oka’s carbon products, and aims to de-risk a wider range of su...
Posted: Aug 21, 2025
Islamic and Takaful insurers in the Gulf Cooperation Council (GCC) are expected to see a sharp decline in earnings in 2025, despite continuing to benefit from solid revenue growth, according to S&P Global Ratings. S&P, a provider of credit...
Posted: Aug 21, 2025
Willis, a WTW business, announced the launch of Gemini, the first digital facility designed to deliver sustainable capacity locally to clients across their insurance portfolios. This solution is designed to address the increasing complexity of risk a...
Posted: Aug 21, 2025
Italy’s Ventina glacier, one of the biggest in northern Lombardy, has melted so much due to climate change that geologists can no longer measure it the way they have for the past 130 years. After this year’s hot summer, geologists …
Posted: Aug 21, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has appointed Eric Judd as an Executive Underwriter, based in New York, as the firm continues to build its energy underwriting team in the Americas. Jud...
Posted: Aug 21, 2025
Orange SA’s Belgian business said that hackers gained access to data from 850,000 customer accounts, in the third major cyberattack targeting the French telecommunications firm this year. The company detected that one of its IT systems had been...
Posted: Aug 21, 2025
One month after being hit by European Union sanctions, India’s Nayara Energy Ltd. is relying on a growing pool of dark-fleet tankers to transport its products, and a narrowing menu of crude imports to keep its operations running. The oil …...
Posted: Aug 21, 2025
According to AM Best, a credit rating agency and data provider specialising in the insurance industry, unstable legal trends in the US could cause casualty reinsurance to reach a tipping point where pricing no longer compensates for the volatility...
Posted: Aug 21, 2025
Ryan Financial Lines, a managing general underwriter (MGU) within Ryan Specialty Underwriting Managers, has expanded its national Insurance Agents & Brokers (IAB) E&O Program to offer an admitted product available in all US states except C...
Posted: Aug 21, 2025