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California Sues Plastic Bag Makers Alleging They Lied About Products Being Recyclable California ramped...
Posted: Oct 20, 2025
CRC Group, a wholesale insurance services provider, reports the findings of its Property REDY® Index for the third quarter of 2025, revealing a continuation of the softening landscape. The REDY Index uses CRC Group’s extensive collection of indust...
Posted: Oct 20, 2025
Tysers, an independent Lloyd’s insurance broker and part of the Australian AUB Group, has appointed Laurence Upton as Director of its Marine and Aviation Division. In his new role, Upton will drive the development of Tysers’ London market Facultat...
Posted: Oct 20, 2025
The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has opened a preliminary probe into about 2,000 Waymo self-driving vehicles after reports that the company’s robotaxis may have failed to follow traffic safety la...
Posted: Oct 20, 2025
MNK International, an independent Lloyd’s broker, has expanded its global presence with a new broker acquisition in Türkiye. With operations headquartered in Istanbul, MNK International Türkiye will focus on insurance and reinsurance solutions acr...
Posted: Oct 20, 2025
Damage to remote Alaska villages hammered by flooding last weekend is so extreme that many of the more than 2,000 people displaced won’t be able to return to their homes for at least 18 months, Gov. Mike Dunleavy said in …
Posted: Oct 20, 2025
Progressive posted $2.6 billion in third-quarter net income last week in spite of taking a nearly $1 billion charge to account for excess profits the carrier will have to return to Florida auto insurance policyholders. “Despite actions to lower...
Posted: Oct 20, 2025
This edition of International People Moves details appointments at Liberty Mutual Reinsurance and AXA. A summary of these new hires follows here. Liberty Mutual Re Promotes Blosche to Head of Northern Europe as Van Oort Retires Liberty Mutual Reinsur...
Posted: Oct 20, 2025
While broad shifts across the European casualty market are not expected, certain segments are experiencing the effects of key risk factors. Iris Urban, Chief Underwriting Officer P&C at NewRe, noted that developments such as claims inflation a...
Posted: Oct 20, 2025
An Unsustainable Trend – Declining P/C Rates and Rising Cost of...
Posted: Oct 20, 2025
Inflation has been a persistent issue in the United States, though it has moderated since its peak during the COVID-19 pandemic, while supply chain disruptions for equipment and other goods continue to add to insurance claim costs—and the financial i...
Posted: Oct 20, 2025
Howden US Appoints Borys to Lead Financial Lines Practice Howden US appointed Ron Borys as head of its financial lines group in the U.S. Based in New York, Borys will be responsible for building out the practice and creating tailored …
Posted: Oct 20, 2025
Steve Hearn has been named as President of the Retail segment at insurance brokerage firm Brown & Brown, Inc. , a new role he will hold while continuing his responsibilities as the company’s Chief Operating Officer (COO). His appointment is a...
Posted: Oct 20, 2025
Australia’s weather bureau is not convinced that a La Niña weather pattern is forming that could change rainfall patterns and bring wilder weather to parts of the Americas, Asia and Oceania, affecting crop production, a senior climatologist sai...
Posted: Oct 20, 2025
Cyber insurer Coalition describes how it prevents cyberattacks instead of just covering damage after a claim. The post Predi...
Posted: Oct 20, 2025
Former WWE CEO Vince McMahon has been allowed to enter a pretrial program to resolve a reckless driving charge stemming from a crash this summer in Connecticut. A state Superior Court judge ruled Thursday that McMahon could enter the program …
Posted: Oct 20, 2025
Lloyd’s global insurer and reinsurer MS Amlin has signed a multi-year contract with CyberCube, a provider of cyber risk analytics for the re/insurance industry, to leverage its tools in support of the growth of its cyber portfolio and treaty busin...
Posted: Oct 20, 2025
A New Hampshire teenager sued his former high school principal and others Thursday, alleging they illegally searched his truck based solely on his status as a gun owner. Jack Harrington, 18, graduated from Hillsboro-Deering High School in June, about...
Posted: Oct 20, 2025
Insurance and reinsurance broker Gallagher has structured and placed a tailored risk solution for the Indian market, with the Phoenix Mills Ltd. becoming the first insured in India to be covered against business interruption losses as a result of...
Posted: Oct 20, 2025
AXA XL, the property, casualty and specialty risk division of AXA, has announced the appointment of Martin Kriegler as Global Head of Multinational Solutions Services. Kriegler brings to his new role over a decade of industry experience. Prior to...
Posted: Oct 20, 2025
Amazon Web Services, the world’s largest cloud provider, suffered a widespread disruption on Monday morning that degraded services for several companies, including artificial intelligence company Perplexity and the Coinbase and Robinhood financ...
Posted: Oct 20, 2025
Amazon Web Services, the world’s largest cloud provider, said its service had recovered after a widespread disruption on Monday degraded services for a range of customers including government agencies, AI companies and financial platforms. AWS...
Posted: Oct 20, 2025
Amazon’s cloud services unit AWS was struggling to recover on Monday from a widespread outage that knocked out thousands of websites along with some of the world’s most popular apps – Snapchat and Reddit – and disrupted busine...
Posted: Oct 20, 2025
In response to recent climate disasters, the 2024/25 drought and Tropical Cyclone Chido, the African Risk Capacity (ARC) Group made a combined parametric insurance payout of $5.4 million to the Government of the Republic of Mozambique and the Worl...
Posted: Oct 20, 2025
A new report from Sollers Consulting, a business and IT consultancy specialising in digital transformation for insurers and financial institutions, reveals that artificial intelligence (AI) has firmly established itself in the insurance industry,...
Posted: Oct 20, 2025
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Liberty Mutual Insurance Group, has announced the appointment of Andreas Blosche as Head of Northern Europe. Blosche succeeds Hans Van Oort, who has retired after six years with the compan...
Posted: Oct 20, 2025
Speaking at the Baden-Baden Reinsurance Symposium, hosted by Guy Carpenter and featuring speakers from Hannover Re, Zurich Insurance, Descartes Underwriting, and Marsh, Laurent Rousseau, CEO of EMEA and Global Capital Solutions at Guy Carpenter, u...
Posted: Oct 20, 2025
Tropical storm Fengshen has killed eight people in the Philippines, authorities said, warning it could intensify as it heads for China and Vietnam. Known locally as Ramil, the storm caused torrential rains, floods and landslides in central Philippine...
Posted: Oct 20, 2025
Hannover Re’s German subsidiary, E+S Rückversicherung AG, has predicted continued demand for reinsurance and feels that despite trends showing a softening market emerging in property and casualty (P&C) reinsurance, a stable market environment...
Posted: Oct 20, 2025
The European Union’s diplomatic arm, the EEAS, is urging member states to back a maritime declaration that would allow EU nations working with flag states to arrange inspections on Russia’s “shadow fleet” of oil tankers, an EE...
Posted: Oct 20, 2025
As the reinsurance industry meets in Baden-Baden, the rise of secondary perils are expected to be a key focus and with elevated loss activity there will be a lot of focus on catastrophe covers at the January 1st, 2026, renewals, according to Bertr...
Posted: Oct 20, 2025
The world-renowned Louvre museum in Paris was shut on Sunday after several pieces of jewelry were stolen in a robbery. France’s Culture Minister Rachida Dati reported the incident on her social media account, without providing further details o...
Posted: Oct 20, 2025
There are “significant gaps” in countries’ attempts to regulate fast-growing crypto markets, which could potentially harm financial stability, the G20’s risk watchdog warned on Thursday [Oct. 16]. The Financial Stability Board...
Posted: Oct 20, 2025
Insurance broker Howden US has appointed Ron Borys as Head of its Financial Lines Group, based in New York. The broker explained that this appointment reinforces its commitment as the new US retail business continues to attract “market-leadi...
Posted: Oct 20, 2025
Posted: Oct 20, 2025
Tokio Marine Kiln (TMK), an international specialist insurance company and part of the Tokio Marine Group, has announced the launch of Enterprise Ctrl, a new enterprise errors and omissions (E&O) insurance solution. The product enhances TMK’s...
Posted: Oct 20, 2025
The state-backed hackers who breached cybersecurity company F5 Inc. broke in beginning in late 2023 and lurked in the company’s systems until being discovered in August of this year, according to people who were briefed by F5 about the incident...
Posted: Oct 20, 2025
Criminal charges have been dropped against a Florida man who authorities said abandoned his tied-up dog in floodwaters near a highway as residents evacuated Florida’s Gulf Coast last year shortly before Hurricane Milton made landfall. The case...
Posted: Oct 20, 2025
The National Council on Compensation Insurance is again recommending a reduction in workers’ compensation rates in Florida and Alabama, and regulators in both states have scheduled public hearings about the proposed changes. In Alabama, the NCC...
Posted: Oct 20, 2025