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Insurance Business Magazine - US
Posted: Aug 07, 2025
Marsh announced new investment bank indemnification coverage to its directors and officers liability (D&O) insurance offering for clients pursuing initial public offerings (IPOs). The coverage enhancement comes amid growing client demand for more...
Posted: Aug 07, 2025
Silver Cross Hospital, based in New Lenox, Illinois, violated federal law when it failed to provide a reasonable accommodation to employees who requested to be exempt from receiving the COVID-19 vaccine because of religious and disability reasons, th...
Posted: Aug 07, 2025
Missouri Department of Commerce and Insurance Director Angela Nelson announced she has filled new leadership for the positions of Deputy Department Director, General Counsel, Division Director of Insurance Consumer Affairs, and Division Director of D...
Posted: Aug 07, 2025
The Louisiana Department of Insurance announced it is launching an updated mobile app ahead of peak hurricane season. The updated LDIConnect Mobile App includes a wide range of innovative features to help citizens stay informed, protected and connect...
Posted: Aug 07, 2025
A recent report issued by AM Best, the credit rating agency, highlights a growing trend in the insurance sector: more insurers are turning to third-party asset managers to oversee their investment portfolios, with the US life/annuity segment showi...
Posted: Aug 07, 2025
Root Inc. swung to second quarter net income of $22 million versus a loss of $7.8 million a year ago during the same time. Results build off net income of $18.2 million for Q1 2025, reversing a loss of $6.2 …
Posted: Aug 07, 2025
East of San Antonio in Bexar County, 500 electric vehicle batteries at the end of their automotive lives will soon be repurposed to provide energy storage for Texas’ electric grid, a California company, B2U Storage Solutions, announced last wee...
Posted: Aug 07, 2025
Kuwait Reinsurance Company (Kuwait Re) reported a net profit of $31.07 million (KWD 9,517,762) for the first half of 2025, marking a 39% increase from $22.41 million (KWD 6,876,348) in the same period last year. The company attributed the growth t...
Posted: Aug 07, 2025
A wildfire burning in two counties, now the biggest fire in California this year, is threatening more than 1,500 structures and has burned more than 96,000 acres. The Gifford Fire burning in San Luis Obispo and Santa Barbara started on …
Posted: Aug 07, 2025
Peter Zaffino, Chief Executive Officer (CEO) of global insurer AIG, has discussed the importance of the firm’s reinsurance purchasing strategy for its US property portfolio, revealing that so far in 2025, risk-adjusted rate decreases for rei...
Posted: Aug 07, 2025
Insurance Business Magazine - US
Posted: Aug 07, 2025
Insurance Business Magazine - US
Posted: Aug 07, 2025
Insurance Business Magazine - US
Posted: Aug 07, 2025
During a webinar this week devoted to analyzing possible factors that fueled a $243 million jury verdict against Tesla, a lawyer not involved in the case fielded a question about Elon Musk’s impact. Did animus toward Tesla’s CEO affect th...
Posted: Aug 07, 2025
Advancements in prosthetic technology are paving the way for a humanistic approach to limb replacement and lifestyle improvement previously unimaginable. The post Limb Repl...
Posted: Aug 07, 2025
MSIG USA, a provider of specialty commercial insurance solutions, has strategically partnered with Coalition, an active insurer focused on preventing digital risks, to launch a new cyber insurance offering for its US clients. The new program offer...
Posted: Aug 07, 2025
Strong investor appetite drives $17 billion in issuances in H1 2025 as total CAT bond market size reaches $56 billion milestone, Swiss Re reports. The post
Posted: Aug 07, 2025
A small medical transport plane crashed and caught fire Tuesday on the Navajo Nation in northern Arizona, killing four people, the tribe said in a statement. A Beechcraft King Air 300 from the CSI Aviation company left Albuquerque, New Mexico, …...
Posted: Aug 07, 2025
Mercury Insurance, a provider of auto and home insurance based in California, is partnering with Liberty Mutual Insurance, a property and casualty insurer, to help safeguard coverage for thousands of California policyholders. The collaboration com...
Posted: Aug 07, 2025
Bermuda-domiciled re/insurer Hamilton Insurance Group has reported net income of $187.4 million for the second quarter of 2025, compared to $131.1 million in Q2’24, as underwriting income grew to $67.5 million with a combined ratio of 86.8%, compa...
Posted: Aug 07, 2025
The Liberty Company Insurance Brokers, headquartered in Gainesville, Florida, has named Guillermo “Guillo” Luis as vice president and producer. Luis, based in Miami, has more than 30 years experience in surety and construction coverage, i...
Posted: Aug 07, 2025
Many homeowners underestimate their flood risk, leaving millions uninsured or underinsured in the face of a rising tide of flood events. A 2025 study from the Federal Reserve Bank of Philadelphia (FRBP) found 70% of annual flood losses remain uninsur...
Posted: Aug 07, 2025
Gallagher Re’s recent Global InsurTech Report highlights AI’s potential to make property re/insurance more data-driven, responsive, and profitable, but achieving this requires reinsurers to commit to investing in AI, including building robust data...
Posted: Aug 07, 2025
Carrick Group’s Bermuda class 3A reinsurer, Carrick Re Ltd., has entered into a loss portfolio transfer (LPT) with National Casualty Company of America, Limited, National Casualty Company, UK Branch, and Nationwide General Insurance Company,...
Posted: Aug 07, 2025
The Florida Department of Health said this week that 21 cases of Campylobacter and E. coli infections have been linked to drinking raw milk in the state, including six children under 10. The state health department reported seven hospitalizations lin...
Posted: Aug 07, 2025
The Florida Department of Health said this week that 21 cases of Campylobacter and E. coli infections have been linked to drinking raw milk in the state, including six children under 10. The state health department reported seven hospitalizations lin...
Posted: Aug 07, 2025
Federal Judge Stops FEMA From Diverting Infrastructure, Disaster...
Posted: Aug 07, 2025
In our latest Reinsurance News video interview, we spoke with Shevawn Barder, Founder and CEO of AM Specialty Insurance Company (ASIC), and Darren Powell, CUO of Pinpoint UK, about their plans for the new MGA and progress as ASIC expands beyond No...
Posted: Aug 07, 2025
Massachusetts Attorney General Andrea Joy Campbell announced a $6 million settlement with two ambulance companies on charges they submitted false claims. The state said the settlement with Brewster Ambulance Service, Inc. and EasCare, LLC and their o...
Posted: Aug 07, 2025
Brookfield Corp. is planning to refocus itself into an investment-led insurer, marking a turn for the Canadian money manager that built its name as an owner of real assets. For years, Brookfield used its capital to mostly invest in real …
Posted: Aug 07, 2025
Following the sale of its 26% stakes in its Indian life and non-life insurance joint ventures and a binding agreement to form a 50:50 reinsurance venture, Allianz CEO Oliver Bäte said the group always intended to run a domestic business rather tha...
Posted: Aug 07, 2025
Floods that damaged hydropower dams in Nepal and destroyed the main bridge connecting the country to China show the vulnerability of infrastructure and need for smart rebuilding in a region bearing the brunt of a warming planet, experts say. The R...
Posted: Aug 07, 2025
International specialty and P&C re/insurer Canopius has announced its financial results for the first half of 2025, reporting a net insurance revenue increase of 42%, to $1.39 billion from $0.98 billion in H1 2024, and a net combined ratio (di...
Posted: Aug 07, 2025
French firefighters spent a third day tackling the country’s worst wildfire in more than seven decades, hoping to bring it under control by Friday as lower wind speeds reduce the intensity of the blaze.After starting on Tuesday, the fire in ...
Posted: Aug 07, 2025
Shadow AI is emerging as a significant threat to businesses, responsible for 20% of data breaches and adding an average of $670,000 to breach costs for organisations with high levels of shadow AI, according to Consilium in the 2025 IBM Cost of a D...
Posted: Aug 07, 2025
NFP, an Aon company and leading international insurance brokerage and consulting firm, announced it has acquired Bspoke Insurance Group, a platform of multi-class niche and specialist managing general agents. Headquartered in Leeds, West Yorkshire in...
Posted: Aug 07, 2025
Bermuda-based insurance and reinsurance company, Hamilton Insurance Group, has announced the appointment of Russ Buckley as Group Chief Risk Officer. He will be succeeding current Group Chief Risk Officer Alex Baker, who has been recently appointe...
Posted: Aug 07, 2025
F&G Annuities & Life, Inc. has entered into a strategic partnership with a new reinsurance vehicle backed by Blackstone managed funds, with approximately $1 billion in anticipated capital commitments. Under the agreement, the reinsurer wil...
Posted: Aug 07, 2025
Insurance Services of New England (ISNE), headquartered in Wellesley, Massachusetts, named Mike Chamberlain as the new manager of membership and sales. With close to two decades of experience working with independent agents, Chamberlain previously he...
Posted: Aug 07, 2025