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Insurance Business Magazine - US
Posted: Aug 15, 2025
New River Barriers Prevented Severe Flood Damage From Alaska Glacier New sandbag-style barriers install...
Posted: Aug 15, 2025
OpenAI Chief Executive Officer Sam Altman wants to spend trillions of dollars over time on the infrastructure required to develop and run artificial intelligence services. He just needs to figure out a way to raise that kind of money. “You R...
Posted: Aug 15, 2025
All signs point to a slowdown of the Texas economy as job growth slows, construction declines and inflation ticks up, according to a Monday report by the Federal Reserve Bank of Dallas. The report on the Fed’s recent Texas Business …
Posted: Aug 15, 2025
Global insurer Chubb has announced the appointment of Kim Hare as Senior Vice President (SVP), Head of North America Property Claims, effective August 18th, 2025. Hare will succeed Tim Barziza, who will retire next April after more than three deca...
Posted: Aug 15, 2025
Women's Leadership Improves Insurance AI ITL Editorial Team Fri, 08/15/2025 - 10:56 ...
Posted: Aug 15, 2025
Life Insurance Needs More Women Leaders Leadership
Posted: Aug 15, 2025
A Texas school bus carrying more than 40 students on Wednesday rolled over after veering off a rural road on the first day of class, injuring multiple students, authorities said. At least one person has life-threatening injuries, while two others ...
Posted: Aug 15, 2025
Nedra Sims Fears still remembers the night years ago when her family home in Chicago flooded, sparking an electrical fire. Her father woke her up and rushed her outside into the pouring rain as smoke filled the rooms of their …
Posted: Aug 15, 2025
Sapiens International Corporation, a global provider of software solutions for the insurance industry, and Earnix, an AI Platform for insurance providers, have partnered to enhance operational efficiency for P&C Insurers in Europe, the Middle...
Posted: Aug 15, 2025
The governor of New Mexico declared a state of emergency in response to violent crime and drug trafficking across a swath of northern New Mexico, including two Native American pueblo communities. The emergency declaration by Gov. Michelle Lujan Grish...
Posted: Aug 15, 2025
Jolee Crosby, CEO of Reinsurance Canada at Swiss Re, highlights the urgent need for the insurance industry to respond to the increasing financial impact of secondary natural hazards in Canada. As the country faces a rise in costly floods, wildfire...
Posted: Aug 15, 2025
Fitch Ratings, a credit rating agency, stated on 14 August 2025 in Sydney and Jakarta that the proposed consolidation of three Indonesian reinsurers could undermine the capital strength of the domestic reinsurance sector in the absence of fresh ca...
Posted: Aug 15, 2025
Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing certain documents underpinning its business were falsifi...
Posted: Aug 15, 2025
The Alabama Department of Insurance wants new data on how liability coverage affects insurance claims costs. In a bulletin posted Thursday, Commissioner Mark Fowler said the department has issued a data call to carriers of personal and commercial aut...
Posted: Aug 15, 2025
Global dedicated reinsurance capital is projected to climb to an unprecedented $649 billion in 2025, according to estimates from AM Best and Guy Carpenter. As readers will see from the image below, the anticipated 2025 figure would surpass the pre...
Posted: Aug 15, 2025
Nearly a decade after the deadly 2016 floods, West Virginia officials are moving forward with a study to look at flood mitigation measures across the Kanawha River Basin. Last month, Gov. Patrick Morrisey announced that the state will work with ̷...
Posted: Aug 15, 2025
Blenheim Underwriting, a specialist managing general agent (MGA) and Lloyd’s coverholder, has appointed Alex Stratton-Thomsett as Casualty Underwriter, effective 8 January 2026. In his new role, Stratton-Thomsett will collaborate with David Barber...
Posted: Aug 15, 2025
Equitable Holdings, a financial services company specialising in retirement, wealth management, and protection solutions, has recently announced that it has completed a major strategic transaction aimed at substantially reducing its exposure to mo...
Posted: Aug 15, 2025
Kalepa, a company specialising in underwriting technology solutions, has entered into an agreement with an affiliate of W. R. Berkley Corporation, a commercial lines insurance provider in the United States. The agreement will broaden the use of Ka...
Posted: Aug 15, 2025
Ivans, a division of Applied Systems, has released the July 2025 results of the Ivans Index, showing that average premium renewal rates increased year over year across all major commercial lines of business except Workers’ Compensation. Month over...
Posted: Aug 15, 2025
Marsh, an insurance broker and risk advisor under Marsh McLennan, has introduced BrokerSafe, an insurance facility aimed at US freight brokers seeking access to auto liability coverage in a market where options have become more limited and costly....
Posted: Aug 15, 2025
Orion180, a provider of insurance solutions, and Neural Earth Inc., a company specialising in AI-based geospatial risk analytics, have announced a partnership aimed at improving how homeowners insurance risks are assessed, priced, and managed. As...
Posted: Aug 15, 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced a number of strategic appointments within its energy division aimed at bolstering its power and renewables offering. Alex Nelson has joined the energy team as U...
Posted: Aug 15, 2025
Accenture said on Thursday it will buy Australian cybersecurity firm CyberCX in its largest-ever deal in the sector, with the Australian Financial Review valuing the transaction at more than A$1 billion ($650 million). A wave of devastating cyberatta...
Posted: Aug 15, 2025
Brazilian reinsurer IRB(Re) reported a net income of R$ 144 million for the second quarter of 2025, representing a significant 120% increase from R$ 65 million in the prior year quarter. The company attributed this strong performance to financial...
Posted: Aug 15, 2025
SCOR has confirmed that the arbitration tribunal overseeing its dispute with Covéa over June 2021 retrocession treaties will keep to the original timetable, with a final ruling expected in 2026. Providing some background, in 2022, SCOR filed an ar...
Posted: Aug 15, 2025
B.P. Marsh & Partners Plc, the specialist private equity investor, announced it is investing in a new collateralized reinsurer that aims to support growth in its long-time investee company XPT Group, the U.S. wholesale insurance broking and under...
Posted: Aug 15, 2025
MNRB Holdings Berhad (MNRB), has reported its financial results for the first quarter ending June 30th, 2025 (Q1 FY’26), including a best opening quarter performance since inception with profit after tax (PAT) of RM168.4 million (USD 39.9m), up 82...
Posted: Aug 15, 2025
Specialist insurer Hiscox has announced the appointment of Matthew Budd as Group Head of Technical Claims, a newly created role. Based in London, Budd will be responsible for overseeing the Group’s technical claims operations as the business conti...
Posted: Aug 15, 2025
In their mid-year letter to shareholders, reinsurance company Swiss Re’s Chairman Jacques de Vaucleroy and Group Chief Executive Officer, Andreas Berger stressed the importance of maintaining vigilance, even in a period of strong operational perfo...
Posted: Aug 15, 2025
Willis, a WTW business, has announced the appointment of Azad Kumar as Growth Leader for Energy, Construction, and Marine in India. Based in Mumbai, Kumar will play a key role in shaping Willis’ specialisation strategy and supporting clients in th...
Posted: Aug 15, 2025
B.P. Marsh & Partners Plc, a London-listed investment firm specialising in early-stage and niche financial services businesses, has agreed to invest up to $5 million in Gambit Risk Finance LLC, a newly created reinsurance company tied to its U...
Posted: Aug 15, 2025
HDI Global Insurance Company, the U.S. carrier of HDI Global SE, has appointed Fellipe Aguiar to the newly created role of Head of Energy & Power Underwriting U.S. for its cross-division Energy & Power Unit. Aguiar’s team will manage compl...
Posted: Aug 15, 2025
The National Football League cannot force Minnesota Vikings defensive coordinator Brian Flores’ racial bias claims into an arbitration controlled by the league, a federal appeals court ruled on Thursday. In a 3-0 decision, the 2nd U.S. Circuit...
Posted: Aug 15, 2025
The partial collapse of a waste dam at a Chinese state-owned copper mine in Zambia may have released 30 times more toxic sludge into the environment than previously reported, according to an independent evaluation of the disaster. At least 1.5 …...
Posted: Aug 15, 2025
Delivery drones are so fast they can zip a pint of ice cream to a customer’s driveway before it melts. Yet the long-promised technology has been slow to take off in the United States. More than six years after the …
Posted: Aug 15, 2025
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the second quarter 2025 rose by 3.7%–down from the average increase of 4.2% from the first three mon...
Posted: Aug 15, 2025
Dan Loeb has won a vote to turn his UK investment trust into a life and annuity reinsurance company, defying a fierce backlash from some shareholders. A majority of investors backed a plan for London-listed Third Point Investors to acquire …
Posted: Aug 15, 2025