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Texas AG Launches Probe into Xcel Energy, Other Utilities Connected to Wildfires

Carrier Management

Texas AG Launches Probe into Xcel Energy, Other Utilities Connected to...

Posted: Aug 18, 2025

US Plans $750M Fly Factory in Texas to Stop a Flesh-Eating Cattle Parasite

Insurance Journal

The U.S. plans to build a $750 million factory in southern Texas to breed billions of sterile flies, ramping up its efforts to keep flesh-eating maggots in Mexico from crossing the border and damaging the American cattle industry. Secretary Brooke &#...

Posted: Aug 18, 2025

Six Killed in Michigan Collision Between Truck and Van Carrying Amish Group

Insurance Journal

A pickup truck went through a stop sign in rural Michigan and crashed into a van carrying members of an Amish community, killing at least six people, authorities said. The crash occurred last Tuesday afternoon in Tuscola County’s Gilford Townsh...

Posted: Aug 18, 2025

Michigan Man Wins $60M in False Charges Case

Insurance Journal

A jury awarded nearly $60 million last week to a man who accused a disgraced Michigan prosecutor and a police officer of violating his rights in filing sexual abuse charges in a case that was ultimately dismissed by the state …

Posted: Aug 18, 2025

Kay Scholz succeeds Martin Pfister as Swiss Re’s Head of Credit & Surety Reinsurance

Reinsurance News

Swiss Re has appointed Kay Scholz as its new Head of Credit & Surety Reinsurance, effective 1st January 2026, succeeding Martin Pfister, who will assume the newly created role of Head of PRI and Structured Trade Credit Reinsurance. Scholz has...

Posted: Aug 18, 2025

Bayer Settles Sky Valley Cases Over Chemical PCB

Insurance Journal

Bayer said on Monday it reached agreements in principle with more than 200 plaintiffs to resolve the so-called Sky Valley Education Center product liability cases related to the chemical PCB, but said payments were already reflected in recent financi...

Posted: Aug 18, 2025

RGA and Allianz Suisse complete $350m reinsurance transaction

Reinsurance News

Reinsurance Group of America, Incorporated (RGA), an international life and health reinsurer, has completed an asset-intensive reinsurance arrangement with Allianz Suisse Versicherungs-Gesellschaft AG. The agreement transfers market and insurance...

Posted: Aug 18, 2025

Markets/Coverages: Vortex Pays Out After a Mere ‘Trace’ of Rain

Insurance Journal

Vortex Weather Insurance has introduced RainSure, the latest addition in its line of parametric rain insurance products. RainSure differs from Vortex’s existing parametric rain insurance products by offering incremental payouts for every .01 in...

Posted: Aug 18, 2025

Silver Wave of Retirement Is Golden Opportunity

Insurance Thought Leadership

Silver Wave of Retirement Is Golden Opportunity Talent Gap

Posted: Aug 18, 2025

Aon invests in GLP-1 program specialist eMed

Reinsurance News

Aon has invested in eMed Population Health, a provider of GLP-1 programs, to expand employer-sponsored access to GLP-1 therapies and scale obesity treatment solutions. For those unaware, GLP-1 (glucagon-like peptide-1) is a hormone that helps regu...

Posted: Aug 18, 2025

People Moves: Insurance Women Chapter Forms in Western Massachusetts

Insurance Journal

Pioneer Valley Launches MAIW Chapter Insurance industry professionals have established a new chapter of the Massachusetts Association of Insurance Women (MAIW) in the Pioneer Valley region in western Massachusetts. The 2025-2026 MAIW – Pioneer Valley...

Posted: Aug 18, 2025

AIG appoints Hallworth as new Chief Digital Officer

Reinsurance News

Global insurer American International Group, Inc. (AIG) has announced the appointment of Scott Hallworth as Chief Digital Officer, effective September 1. Based in New York, Hallworth will joinf AIG’s Executive Leadership Team. He will initially re...

Posted: Aug 18, 2025

Senator Schiff Brings Back Idea of Federal Reinsurance Program

Carrier Management

Senator Schiff Brings Back Idea of Federal Reinsurance Program Sen. Adam Schiff recently reintroduce...

Posted: Aug 18, 2025

Georgia Commissioner to Fine 22 Health Insurers $20M for Lack of Mental Health Parity

Insurance Journal

Georgia’s insurance commissioner announced plans to fine 22 health insurers a total of $20 million for failing to cover mental health treatments as required by law, but he did not name the insurance companies in the announcement. “…Our in...

Posted: Aug 18, 2025

Gallagher closes $13.45bn acquisition of AssuredPartners

Reinsurance News

Global insurance brokerage Arthur J. Gallagher & Co. has announced the completion of its acquisition of US insurance broker AssuredPartners. In December 2024, Gallagher entered into a definitive agreement to acquire AssuredPartners from GTCR f...

Posted: Aug 18, 2025

Maersk Contains Fire Onboard Vessel off Liberia, Intensifies Firefighting Efforts

Insurance Journal

Danish shipping company Maersk said on Monday that a fire that broke out onboard the vessel Marie Maersk off Liberia on Wednesday last week had stopped spreading, and that firefighting efforts would be intensified further. “Over the weekend, th...

Posted: Aug 18, 2025

Berkley One updates NY collector vehicle coverage

coverager

Berkley One is part of W. R. Berkley Corporation, which wrote $14.2 billion in gross premiums in 2024.

Posted: Aug 18, 2025

BHSI promotes Irfan Esa to head of national business, UK

coverager

Esa joined BHSI in 2020.

Posted: Aug 18, 2025

Mercury files to expand California homeowners coverage with 6.9% rate increase

coverager

Mercury will expand existing discounts for homeowners who take steps to reduce wildfire risks.

Posted: Aug 18, 2025

Haatch backs small business broker Meshed

coverager

Meshed has secured agreements with 51 insurers.

Posted: Aug 18, 2025

Insurance Is a Good Business If It’s Private

coverager

Hallworth will join AIG on September 1, 2025.

Posted: Aug 18, 2025

AM Best maintains negative outlook on Brazil’s reinsurance market

Reinsurance News

Credit rating agency AM Best has announced it is maintaining a negative outlook on Brazil’s reinsurance market segment, citing political uncertainty and tax reform measures that are pressuring the industry’s profitability. The report noted that re...

Posted: Aug 18, 2025

BHSI promotes Irfan Esa to Head of National Business, UK

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has promoted Irfan Esa to Head of National Business in the UK. Esa brings over two decades of experience in the UK insur...

Posted: Aug 18, 2025

After Player Safety Report and $9M Jury Award, US Tennis Starts Coaching Program

Insurance Journal

The U.S. Tennis Association announced the start of its first all-encompassing coaching program on Wednesday, a little more than a year after an outside review of the USTA’s safeguarding system offered recommendations for how to better protect p...

Posted: Aug 18, 2025

Mercury targets growth in higher wildfire risk areas with new California rate filing

Reinsurance News

Mercury Insurance, a California-based provider of auto and home insurance, has submitted a rate filing for its California Homeowners program, based on the State’s Sustainable Insurance Strategy, to expand coverage in high-risk wildfire zones...

Posted: Aug 18, 2025

Zhibao Technology signs agreement to form joint venture for risk reduction services in China

Reinsurance News

Zhibao Technology Inc., a China-based InsurTech company specialising in digital insurance brokerage, has announced that it has entered into an agreement to establish a joint venture with Beijing Zhongfang Hongchuang Technology Company Limited, a w...

Posted: Aug 18, 2025

Apollo’s Fox Hedge Is Taking Financial Wizardry to a New Level

Insurance Journal

Advanced Credit Solutions is a tiny finance firm based in Luxembourg that was founded by a Belgian and works with insurers. Despite its outwardly bland appearance, the business it does is anything but. The little-known outfit is the brains behind &#8...

Posted: Aug 18, 2025

Private Credit: Apollo’s Fox Hedge Is Taking Financial Wizardry to New Level

Insurance Journal

Advanced Credit Solutions is a tiny finance firm based in Luxembourg that was founded by a Belgian and works with insurers. Despite its outwardly bland appearance, the business it does is anything but. The little-known outfit is the brains behind &#8...

Posted: Aug 18, 2025

Sukoon Insurance names Sandy Warne as Active Underwriter for Syndicate 2880

Reinsurance News

Sukoon Insurance has announced the appointment of Sandy Warne as Active Underwriter for Syndicate 2880. Warne brings nearly 30 years of experience in the re/insurance industry, spanning specialty lines insurance broking, underwriting, and reinsura...

Posted: Aug 18, 2025

Just Group secures £56m full-scheme buy-in for Brother Staff Pension Scheme

Reinsurance News

Just Group has completed a £56 million full-scheme buy-in with the Brother Staff Retirement Benefits Scheme, securing the benefits of all 679 Scheme members, comprising 299 pensioners and dependents, as well as 380 deferred members. The scheme is...

Posted: Aug 18, 2025

Northern China Flash Flood Kills 10, Xinhua Reports

Insurance Journal

At least 10 people died in a flash flood in northern China, state media reported on Sunday [Aug. 17], with two others still missing, as the East Asian monsoon continues to unleash atmospheric chaos across the world’s second-largest economy. The...

Posted: Aug 18, 2025

No End in Sight to Plastic Pollution Crisis as Treaty Negotiations in Geneva Fail

Insurance Journal

Negotiations to reach a major treaty to end growing plastic pollution around the world fell apart on Friday [Aug. 15], with delegates in Switzerland adjourning with no immediate plans to resume. The consequence of the failed talks is devastating, as...

Posted: Aug 18, 2025

Swiss Re and Berkshire Hathaway top global reinsurer rankings

Reinsurance News

New data from AM Best reveals that Swiss Re has taken over from Munich Re as the world’s largest reinsurer for companies that report under IFRS 17, with Berkshire Hathaway taking the top spot for non-IFRS 17 reporters, based on year-end 2024...

Posted: Aug 18, 2025

Google Agrees $36 Million Fine for Anti-Competitive Deals With Australia Telcos

Insurance Journal

Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country’s two largest telcos to pre-install its search application on Android phones, exclud...

Posted: Aug 18, 2025

California’s new take on wildfire loss models, and what this means for property insurers

Insurance Journal

The California Department of Insurance (CDI) has made some serious moves to tackle the state’s insurance crisis head on, last year launching its Sustainable Insurance Strategy (SIS). With the SIS came a set of initiatives to help insurers offer...

Posted: Aug 18, 2025

Profitability strong for global emerging market reinsurers: Fitch

Reinsurance News

According to Fitch Ratings, the profitability of the global emerging market reinsurer group, which includes Patria, Ocean Re, Eureka Re, Oman Re, and ASR Re, has been strong, with return on equity generally ranging from 5% and 22% over the past tw...

Posted: Aug 18, 2025

Hurricane Erin Back to Category 4, on Track to Miss US Coast

Insurance Journal

Hurricane Erin has re-intensified after moving past Puerto Rico, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast later this week. Erin’s top winds strengthened to 130 …

Posted: Aug 18, 2025

Hurricane Erin Back to Category 4, on Track to Miss US But High Surf and Rip Currents

Insurance Journal

Hurricane Erin has re-intensified after moving past Puerto Rico, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast later this week. Erin’s top winds strengthened to 130 …

Posted: Aug 18, 2025

Hurricane Erin Back to Category 4, on Track to Miss US; High Surf, Rip Currents Expected

Insurance Journal

Hurricane Erin has re-intensified after moving past Puerto Rico, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast later this week. Erin’s top winds strengthened to 130 …

Posted: Aug 18, 2025

Update: Hurricane Erin Strengthens, Threatens East Coast With Rough Surf

Insurance Journal

Hurricane Erin has re-intensified as it moves past the Bahamas, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast, battering beaches later this week. Erin’s top winds …

Posted: Aug 18, 2025

Update: Hurricane Erin Strengthens, Threatens US East Coast With Rough Surf

Insurance Journal

Hurricane Erin will likely become even larger as it churns past the Bahamas, avoiding land but raising the risk of high winds and flooding hundreds of miles away along North Carolina beaches. Erin’s top winds measured at 140 miles (225 …

Posted: Aug 18, 2025

Howden Re names Candy Wong as Head of Treaty for Hong Kong

Reinsurance News

Howden Re, the global reinsurance broking arm of Howden Group, has appointed Candy Wong as Head of Treaty for Hong Kong, effective August 18th, 2025. The appointment aims to further strengthen Howden Re’s commitment to building a differentiated, c...

Posted: Aug 18, 2025

Texas Blames ESG Goals in Probe of Xcel Over 2024 Wildfires

Insurance Journal

The Texas attorney general is investigating utility Xcel Energy Inc. and its contractor for two wildfires that devastated the state last year, saying the companies may have prioritized environmental and diversity goals over maintenance and safety. &#...

Posted: Aug 18, 2025