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Two High-Profile Personal Injury Law Firms Sue… Each Other Insurance folks tired of hearing...
Posted: Oct 03, 2025
White Mountains, a Bermuda-domiciled financial services holding company, has announced it has agreed to sell most of its ownership in Bamboo, a data-enabled insurance distribution platform, to funds advised by CVC. The deal, which values Bamboo at...
Posted: Oct 03, 2025
White House Budget Director Russell Vought announced the withholding of more than $2 billion for transportation projects in Chicago, the latest move by the Trump administration to use the shutdown as leverage to shrink the federal government. Vought...
Posted: Oct 03, 2025
The Texas Windstorm Insurance Association (TWIA) has announced that its required reinsurance for the 2026 wind season could fall significantly to $2.3 billion, after recent legislative changes in Texas halved the state-mandated loss funding requir...
Posted: Oct 03, 2025
The Texas Windstorm Insurance Association (TWIA) has announced that its required reinsurance for the 2026 wind season could fall significantly to $2.3 billion, after recent legislative changes in Texas halved the state-mandated loss funding requir...
Posted: Oct 03, 2025
A large fire erupted in a jet fuel production unit at Chevron’s El Segundo refinery near Los Angeles on Thursday, disrupting supply in California’s isolated energy market. Chevron’s second-biggest refinery in the United States, the...
Posted: Oct 03, 2025
Ruling establishes that employees must actively pursue benefits or face dismissal, providing clarity for employers and insurers managing long-term claims. The post
Posted: Oct 03, 2025
JD Power study reveals disconnect between P&C insurers and independent insurance agent satisfaction. The post
Posted: Oct 03, 2025
Coface, a company providing credit insurance and risk management solutions, is strengthening its operations in Latin America with the appointment of new regional leaders. The moves support the company’s growth strategy in credit insurance, commerc...
Posted: Oct 03, 2025
An explosion at a New York City apartment building blew off a massive chimney that ran up the side of the high-rise, leaving residents to wait for clearance to return to their apartments as officials investigate what caused the blast. …
Posted: Oct 03, 2025
Two Delta Air Lines Inc. regional jets collided at low speed while taxiing at New York’s LaGuardia Airport on Wednesday night, causing minor injuries to one flight attendant and prompting regulators to open an investigation. Both planes were CR...
Posted: Oct 03, 2025
There could be a material upside for reinsurers’ profits if the remainder of the 2025 Atlantic hurricane season remains light, according to a recent report by J.P. Morgan. With Q3 now complete, the period is expected to have been very good f...
Posted: Oct 03, 2025
The Net-Zero Banking Alliance is to cease operations after a vote to wind up the group which had already lost many of its members amid allegations from some U.S. lawmakers that membership breached antitrust regulations. The alliance, set up in …...
Posted: Oct 03, 2025
Penn-America Underwriters (PAU), a subsidiary of Global Indemnity Group (GBLI), is launching its inaugural reinsurance managing general agency (MGA) in partnership with George Dragonetti, who will also serve as President of the new unit. For those...
Posted: Oct 03, 2025
Credit ratings agency AM Best has revised the outlooks of Renaissance Reinsurance Ltd. (RenRe) and its subsidiaries to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs), and affirmed the Financial Strength Rating (FSR)...
Posted: Oct 03, 2025
Typhoon Matmo intensified as it made landfall in northern Philippines on Friday where it’s forecast to dump heavy rain, with the nation still reeling from the impact of two deadly typhoons in the past two weeks. Matmo, locally named Paolo, R...
Posted: Oct 03, 2025
Brown & Brown, the insurance brokerage firm, has introduced a series of leadership changes within its Retail segment. The updates are part of the company’s broader effort to strengthen integration following the acquisition of Risk Strategies a...
Posted: Oct 03, 2025
Denmark accused Russia of waging a hybrid war against the Nordic nation and warned more attacks are likely, after a series of drone incursions disrupted operations at civilian and military airports. The Danish Defence Intelligence Service said in a t...
Posted: Oct 03, 2025
Howden, the global insurance and reinsurance broking group, has announced the acquisition of Gott & Wynne Limited (Gott & Wynne), a general insurance broker based in Llandudno, North Wales. Led by Barry Wynne, Michael Clough, and Steven Go...
Posted: Oct 03, 2025
A Finnish district court ruled on Friday that it does not have jurisdiction to prosecute the captain and two officers of the Eagle S oil tanker, who are accused of breaking undersea power and internet cables in the Baltic Sea …
Posted: Oct 03, 2025
DUAL UK, the managing general agent and subsidiary of insurance intermediary Howden, announced a five-year capacity deal led by Zurich Insurance, along with Liberty Specialty Markets and other A-rated capacity to support its new regional Commercial C...
Posted: Oct 03, 2025
Lloyd’s, the specialist insurance and reinsurance marketplace headquartered in London, has introduced new oversight measures for legacy reinsurance transactions. These changes, effective from 2025, strengthen the pre-transaction review process to...
Posted: Oct 03, 2025
Brokerslink, a global broking business, has announced the addition of Afkoma, an Icelandic insurance brokerage, to its international network. The move extends the network’s global reach, marking the first time an Icelandic firm has joined Brokersl...
Posted: Oct 03, 2025
When faced with testimony that Zug Island’s EES Coke Battery is one of Michigan’s worst sulfur dioxide polluters, an attorney for the facility said Monday: “So what?” The DTE Energy-owned facility was “permitted to do so...
Posted: Oct 03, 2025
Yemen’s Houthi rebels claimed responsibility early on Wednesday for an attack this week that left a Dutch-flagged cargo ship ablaze and adrift in the Gulf of Aden, underlining the range of their weaponry and their campaign targeting shipping ov...
Posted: Oct 03, 2025
German air traffic control said it suspended flight operations at Munich Airport Thursday evening after several drone sightings, affecting multiple departures and thousands of passengers at the country’s second-biggest hub. Seventeen departures...
Posted: Oct 03, 2025
Flight disruptions eased at Munich International Airport after drone sightings on Thursday led German authorities to suspend operations at the country’s second-biggest hub. Flight operations have been running normally since 5 a.m. local time, a...
Posted: Oct 03, 2025
mea Platform, a provider of intelligent re/insurance processing technologies, has appointed Rachel Watts as Chief Operations Officer (COO). Watts has over two decades of client implementation experience spanning re/insurance and financial services...
Posted: Oct 03, 2025
Autonomous, the research arm of AllianceBernstein known for its independent analysis of the financial sector, has extended its recent work on reinsurers to examine the impact of this year’s benign catastrophe environment on major European primary...
Posted: Oct 03, 2025
Kansas Attorney General Kris Kobach announced that his office filed a lawsuit in Washington County District Court against social media company, Snap, Inc., the creator of the SnapChat platform. The lawsuit alleges that Snap has engaged in deceptive a...
Posted: Oct 03, 2025
Hippo, a home insurance firm, has announced the appointment of data and artificial intelligence (AI) expert Robin Gordon as its new Chief Data Officer. In her new role, Gordon will lead the strategic growth and evolution of the company’s Data &...
Posted: Oct 03, 2025
Insurance Business Magazine - US
Posted: Oct 03, 2025
USG Insurance Services, Inc. is pleased to welcome Jeremy Hernandez as an underwriter in its Houston, Texas office. Hernandez will be working under the leadership of Jodi Berger, Executive Vice President: Regional Manager. Hernandez brings with him a...
Posted: Oct 03, 2025
One of the largest auto insurers in Louisiana is implementing a double-digit rate decrease. Louisiana Insurance Commissioner Tim Temple has approved Louisiana Farm Bureau Casualty Insurance Company’s request for an 11.8% rate decrease, which ta...
Posted: Oct 03, 2025
Insurance agencies and brokerages are drowning in data. It flows in from clients and prospects, through client servicing teams, and out to carriers, who also send back data for agents and brokers to process. Like many industries, ingesting data effic...
Posted: Oct 03, 2025
Credit rating agency S&P Global Ratings has upgraded its outlook on SiriusPoint Ltd. and its operating subsidiaries from Stable to Positive. The upgrade reflects the Company’s consistent underwriting profits over the past two and a half years...
Posted: Oct 03, 2025
The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has promoted Billy Ayres to Head of Crisis Management, where he will oversee the Terrorism and Contingency teams. Ayres will leveraging his expertise in specialty...
Posted: Oct 03, 2025
Ruling establishes that dependents' workers' compensation claims are separate from deceased employees' actions. The post NH...
Posted: Oct 03, 2025
Brokerage Brown & Brown announced updates to its retail segment leadership team as part of its ongoing integration efforts following the acquisition of Risk Strategies. The leaders from Risk Strategies listed below will join the existing retail s...
Posted: Oct 03, 2025
6th Circuit decision clarifies that common veterinary treatments fall within insurance policy's exclusions for 'drugs or medication.' The post
Posted: Oct 03, 2025
S&P Global Ratings has assigned a ‘A-‘ financial strength and long-term issuer credit ratings, with a stable outlook, to North End Re Bermuda Ltd. (NERB), a Bermuda-based entity of Brookfield Wealth Solutions (BWS). NERB is considered to...
Posted: Oct 03, 2025