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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
A debt collection agency announced it has launched a subrogration recovery service for insurance companies in Florida and other states. Southwest Recovery Services, a 21-year-old company with offices in Texas, Florida, Georgia and other areas, said t...
Posted: Oct 20, 2025
Ingrid de Swart has been nominated to succeed Jos Baeten as CEO and Chair of the Executive Board (EB) of ASR Nederland N.V. (a.s.r.) following the end of his term at the Annual General Meeting (AGM) on 20 May 2026. Joop Wijn, Chair of the SB of a....
Posted: Oct 20, 2025
Tesla’s proposed $1 trillion pay package for CEO Elon Musk came under fresh scrutiny on Friday, with proxy adviser ISS urging shareholders to reject what might be the largest-ever compensation plan awarded to a company chief. This is the second...
Posted: Oct 20, 2025
Los Angeles County reached a tentative agreement to pay an additional $828 million to victims of childhood sexual abuse who filed lawsuits under a 2019 state law that raised the statute of limitations for such cases. The settlement addresses 400 R...
Posted: Oct 20, 2025
Physicians Insurance A Mutual Company appointed David Carlson, DO, as president and CEO. The PI appointment is effective November 1. Dr. Carlson succeeds William Cotter, who is retiring from the organization after a 35-year career. Carlson is a physi...
Posted: Oct 20, 2025
Physicians Insurance A Mutual Company appointed David Carlson as president and CEO. The PI appointment is effective November 1. Dr. Carlson succeeds William Cotter, who is retiring from the organization after a 35-year career. Carlson is a physician...
Posted: Oct 20, 2025
Natural Disaster Claims in 2025 to Again Top $100B Despite ‘Ab...
Posted: Oct 20, 2025
Too Much Profit? Progressive’s Florida Results Generate Nearly $1B Q3 Char...
Posted: Oct 20, 2025
Posted: Oct 19, 2025
Artificial Intelligence (AI) is a valuable resource in today’s economy with the potential to reap great rewards in many avenues of business. However, as with any developing technology, it comes with new challenges. In a recent study by The Hart...
Posted: Oct 19, 2025
CraftBank offers a smartphone-based platform that helps subcontractors manage attendance, dispatching, and administrative tasks.
Posted: Oct 19, 2025
He spent over a decade at Voya.
Posted: Oct 19, 2025
The Rochester-based company aims to deepen its impact with existing customers and unlock new use cases by combining its 25-year aerial imagery vault with AI and advanced analytics.
Posted: Oct 19, 2025
By Diana Novak Jones A Los Angeles jury ordered Johnson & Johnson to pay $966 million to the family of a woman who died from mesothelioma, finding the company liable in the latest lawsuit alleging its baby powder products cause …
Posted: Oct 19, 2025
By Andrew G. Simpson Global insurance broker Arthur J. Gallagher is suing two former employees who left to start their own New York brokerage firm for allegedly soliciting Gallagher clients and using confidential information in violation of their emp...
Posted: Oct 19, 2025
I remember talking with an agency owner a few years ago who had gotten upset with an insurance carrier with whom they were working. This has been a frequent occurrence in the last few years as the hard market has …
Posted: Oct 19, 2025
In July 2021, after the collapse of the Champlain Towers South in Surfside, Florida, the city of Miami ordered structural inspections of all buildings over 40 years old. Since then, two other condominium buildings have been deemed unsafe and evacuate...
Posted: Oct 19, 2025
Before I make my case about the value of remote hires, it’s important to acknowledge the reasons agencies, large and small, tell me they don’t want to hire remote employees. 1. “I had a bad experience.” 2. “Remote employ...
Posted: Oct 19, 2025
By Susanne Sclafane Two recent reports–one reviewing property and business interruption risks and the other, liability–highlight a growing divide between escalating risk and shrinking insurance coverage. They also suggest decision-makers...
Posted: Oct 19, 2025
As agencies plan their 2026 budgets, they face an exciting opportunity to unlock more value through technology. My advice to agency leaders? It’s time to streamline your tech stack. What does this look like? Streamlined technology connects tool...
Posted: Oct 19, 2025
Lack of Identifying Revenue Source. Treating all income as commissions will not allow proper analysis and may potentially create false impressions of the actual revenue. Use accrual accounting to distinguish between agency-billed and direct-billed co...
Posted: Oct 19, 2025
Turning Numbers into a Strategic Advantage Most insurance agency owners are driven by relationships, sales, and client service–not a passion for accounting. Yet, neglecting financial oversight can lead to overpricing producer compensation, miss...
Posted: Oct 19, 2025