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Reputation Risk Can Overshadow Ransom in Cyberattacks, Aon Says

Insurance Journal

The cost of a cyberattack extends far beyond any immediate mitigation expenses or ransoms paid. Reputational costs and dipping stock values can be a significant portion of losses, according to the new Aon Global 2025 Cyber Risk Report. Reputation ris...

Posted: Jun 27, 2025

Steven Goldman Appointed Global Head of Distribution at Ascot

Risk & Insurance

The latest people news in the industry today. The post Steven Goldman Appointed Global Head of Distribution at Ascot appeared first on...

Posted: Jun 27, 2025

James Ferris Named CEO of Davies’ Captive Management Business

Risk & Insurance

The latest people news in the industry today. The post James Ferris Named CEO of Davies’ Captive Management Business appeared fir...

Posted: Jun 27, 2025

Elizabeth Geary Appointed President and CEO of North America P&C at Tokio Marine HCC

Risk & Insurance

The latest people news in the industry today. The post Elizabeth Geary Appointed President and CEO of North America...

Posted: Jun 27, 2025

Oregon Legislature Repeals Contested Wildfire Hazard Map

Insurance Journal

Oregon lawmakers have voted to repeal the state’s contentious wildfire hazard map, which subjected homeowners in certain areas at high risk of wildfires to stricter building codes and requirements to reduce vegetation on their properties. The m...

Posted: Jun 27, 2025

Personal auto drives major recovery in US P&C underwriting for 2024: AM Best

Reinsurance News

The US property and casualty (P&C) insurance sector experienced a significant recovery in 2024, according to AM Best, the credit rating agency. In its latest report, AM Best highlights a $31 billion improvement in the personal auto line of bus...

Posted: Jun 27, 2025

China Bans Uncertified and Recalled Power Banks on Planes

Insurance Journal

China’s aviation regulator will from Saturday ban passengers from carrying power banks without Chinese safety certification markings, as well as those recently recalled by manufacturers because of safety concerns. The move, which applies to any...

Posted: Jun 27, 2025

Kingsley Flynn Appointed Chairman at Fenchurch to Guide North American Expansion

Risk & Insurance

The latest people news in the industry today. The post Kingsley Flynn Appointed Chairman at Fenchurch to Guide North Am...

Posted: Jun 27, 2025

Willful Misconduct Alone Not Enough to Deny Workers’ Compensation

Insurance Journal

A city of Danville employee is being given another opportunity to gain workers’ compensation benefits after a deputy commissioner denied his claim because of the employee’s willful misconduct in not following driver safety rules at work....

Posted: Jun 27, 2025

Favourable conditions for US commercial insurance buyers amid economic uncertainty: Lockton

Reinsurance News

For US commercial insurance buyers, the current landscape is arguably the most favourable in the past five to six years, however, economic uncertainty abounds, with potential ripple effects on the insurance market, according to the latest Lockton...

Posted: Jun 27, 2025

Flash Flooding Again Hits West Virginia Areas Trying to Clean Up from Deluge

Insurance Journal

A northern West Virginia region still cleaning up from flash flooding less than two weeks ago was hit with torrential rains that sent creeks over their banks again Thursday night. A flash flood warning was issued for the Wheeling area, …

Posted: Jun 27, 2025

Fire in the SE Sky May be Linked to Linked to Home Damage in Georgia

Insurance Journal

An object bright enough to be seen streaking across the midday sky fell across parts of the Southeast U.S. on Thursday. The object was likely either a meteor or space junk, with most sightings of the streak of light and …

Posted: Jun 27, 2025

Fire in the SE Sky May be Linked to Home Damage in Georgia

Insurance Journal

An object bright enough to be seen streaking across the midday sky fell across parts of the Southeast U.S. on Thursday. The object was likely either a meteor or space junk, with most sightings of the streak of light and …

Posted: Jun 27, 2025

Lessons for European insurers from California’s $40bn wildfire losses: Swiss Re

Reinsurance News

Swiss Re, a reinsurance provider, has drawn on its expertise in natural catastrophe risk to identify critical lessons from California’s wildfire experience that are increasingly relevant for insurers across Europe. The growing frequency and intens...

Posted: Jun 27, 2025

Geopolitical instability tops aviation insurers’ concerns: IUAI

Reinsurance News

Geopolitical instability has been identified as the biggest threat to the aviation sector by insurers, a new industry survey has revealed, with war and international conflicts as the top concern for two-thirds of respondents working for internatio...

Posted: Jun 27, 2025

Public Adjusters Decry Florida Citizens’ New Plan That Keeps Their Names Off Checks

Carrier Management

Public Adjusters Decry Florida Citizens’ New Plan That Keeps Their Names Off Checks In the long co...

Posted: Jun 27, 2025

SiriusPoint hires Catalina Re’s Andrew Pryde as Group Chief Risk Officer

Reinsurance News

Bermuda-based insurer and reinsurer SiriusPoint has appointed Andrew Pryde from Catalina Re as Group Chief Risk Officer (CRO), effective September 2025. In his new role, Pryde will be based in Bermuda, where he will report to SiriusPoint’s Chief E...

Posted: Jun 27, 2025

Severe storms in Europe & US to cause significant insurance losses: Aon

Reinsurance News

Aon has reported that recent severe convective storm (SCS) activity is expected to drive economic and insured losses into the hundreds of millions of dollars in Europe, while similar events in the United States are projected to result in losses in...

Posted: Jun 27, 2025

Global Financial Crime Watchdog Calls for Action on Crypto Risks

Insurance Journal

The Financial Action Task Force (FATF), a global financial crime watchdog, on Thursday called on countries to take stronger action to combat illicit finance in crypto assets, warning that gaps in regulation could have global repercussions. The Paris-...

Posted: Jun 27, 2025

Louisiana Is Latest State to Redefine Natural Gas as Green Energy Under New Law

Insurance Journal

Louisiana is the latest state to redefine natural gas as green energy under a new law the Republican governor signed this week, even though it’s a fossil fuel that emits planet-warming greenhouse gases. Three other states led by Republicans— In...

Posted: Jun 27, 2025

Markel appoints Collin Sim as Casualty Underwriter in Singapore

Reinsurance News

Markel Insurance, the insurance arm of Markel Group Inc., has announced the appointment of Collin Sim as Casualty Underwriter. The hire marks the establishment of Markel’s first dedicated casualty underwriting position in Singapore. In her new rol...

Posted: Jun 27, 2025

NTSB Blames Delayed Response for 2023 Oil Spill off Coast of Louisiana

Insurance Journal

Roughly 1.1 million gallons of crude oil spilled from a pipeline into the Gulf of Mexico in November 2023 because operators failed to shut it down for nearly 13 hours after their data first hinted at a problem, the National …

Posted: Jun 27, 2025

P&C insurers to deploy AI-powered multimodal technologies to combat fraud: Deloitte

Reinsurance News

By implementing AI-driven technologies across the claims life cycle and integrating real-time analysis from multiple modalities, property and casualty (P&C) insurers could reduce fraudulent claims and save between $80 billion and $160 billion...

Posted: Jun 27, 2025

Neptune appointed as Palomar’s exclusive MGA for flood insurance

Reinsurance News

Specialty property insurer Palomar Holdings, Inc. has announced a strategic partnership with Neptune Flood, a private flood insurance provider, to accelerate growth in the US flood insurance market. As part of the collaboration, Neptune will becom...

Posted: Jun 27, 2025

Zurich, Cowbell Collaborate to Offer D&O, EPL, Crime, and Fiduciary to SMEs

Insurance Journal

Cyber insurer Cowbell said it has expanded its product portfolio to include a comprehensive multi-line insurance offering from Zurich North America within the United States. Building on its established success in cyber and technology errors & omi...

Posted: Jun 27, 2025

Why Are Test Dummies Modeled After Men if Women Face More Injury in Car Crashes?

Insurance Journal

Maria Weston Kuhn had one lingering question about the car crash that forced her to have emergency surgery during a vacation in Ireland: Why did she and her mother sustain serious injuries while her father and brother, who sat in …

Posted: Jun 27, 2025

AXA XL hires Philip Anderson as Senior Underwriter in Dallas

Reinsurance News

AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Philip Anderson as Senior Underwriter in Dallas to expand its energy underwriting capabilities. In his new role, Anders...

Posted: Jun 27, 2025

Vessels Near Strait of Hormuz Transmit Unusual Messages to Prevent Attacks

Insurance Journal

Vessels near the Strait of Hormuz have been broadcasting unusual messages concerning nationality in a bid to avoid being attacked as doubts linger over the ceasefire between Israel and Iran, according to maritime risk analytics firm Windward and ship...

Posted: Jun 27, 2025

BHP Faces UK Contempt Charge for Funding Case Over Brazil Dam Collapse

Insurance Journal

BHP faces a full contempt of court hearing in Britain for funding litigation to try to prevent some Brazilian municipalities suing the mining giant over one of Brazil’s worst environmental disasters, London’s High Court ruled on Thursday....

Posted: Jun 27, 2025

USDA Finds Safety Issues at Top Research Site After Whistleblower Complaints

Insurance Journal

The U.S. Department of Agriculture found significant safety issues at its top research facility in an investigation of 2023 whistleblower complaints about the state of the site, the Office of Special Counsel said in a letter sent to the White …

Posted: Jun 27, 2025

Markets/Coverages: Marsh Launches European Cyber Facility for Mid-Sized Enterprises

Insurance Journal

Marsh, insurance brokerage business of Marsh McLennan, announced the launch of Cyber Unity, a new insurance facility for organizations across the European Union, as well as in Israel, Norway, Serbia, and Turkey, with revenues up to €500 million (US$5...

Posted: Jun 27, 2025

GE Moves Washing Machine Production from China to Kentucky with $490M Invest

Insurance Journal

GE Appliances announced a nearly half-billion-dollar project Thursday that it says will create 800 new jobs and shift production of clothes washers from China to its massive manufacturing complex in Kentucky. The $490 million investment positions the...

Posted: Jun 27, 2025

NC Bill Ending Course Requirements for Agent Licenses on Way to Governor

Insurance Journal

North Carolina insurance producers will no longer be required to complete education courses before taking the license exam, under a bill now awaiting the governor’s signature. House Bill 737 was approved with little opposition by both chambers...

Posted: Jun 27, 2025

People Moves: Liberty Company Adds Producer in Jacksonville Area

Insurance Journal

Gainesville-based The Liberty Company Insurance Brokers announced Will Bradshaw as a producer in its Ponte Verde office. Bradshaw, whose family has operated a Tennessee insurance agency for more than 60 years, specializes in farm and crop insurance,...

Posted: Jun 27, 2025

World Insurance Acquires Maine’s Healey Associates

Insurance Journal

Global insurance broker World Insurance Associates LLC has acquired the business of Healey & Associates of Portland, Maine. Terms of the transaction were not disclosed. Healey has been offering employee benefits to clients throughout New England...

Posted: Jun 27, 2025

California Workers’ Comp Independent Medical Reviews Trending up, Report Shows

Insurance Journal

The number of Independent Medical Review decision letters issued in response to California workers’ compensation medical disputes is trending up in the last few years after declining steadily from 2018 through 2022, a report out on Thursday sho...

Posted: Jun 27, 2025

Chubb to launch new engineering centre in Bogotá, Colombia

Reinsurance News

Global insurer Chubb has announced plans to open a new engineering centre in Bogotá, Colombia, scheduled for October 2025. Joining existing engineering centres in India, Mexico, and Greece, the Bogotá centre will strengthen Chubb’s technological c...

Posted: Jun 27, 2025

Former Lawmaker Lindsay Launches New York Insurance Agency

Insurance Journal

An insurance law professional and former state legislator has launched his own insurance brokerage in Tarrytown, New York. William Lindsay III has opened Tri Pack Insurance Services, which promises to offer “highly customized, data-driven insur...

Posted: Jun 27, 2025

Akur8 Names Dino Draghi Head of Brazil Operations

IIR

Draghi brings 30 years of experience to mandate to drive commercial growth, customer engagement, and market development..

Posted: Jun 26, 2025

EIS Earns ISO/IEC 42001 AI Certification

IIR

EIS has achieved ISO/IEC 42001 certification, the first international standard for Artificial Intelligence Management Systems (AIMS).

Posted: Jun 26, 2025

Travelers Deepens Commitment to Resilient Housing through FORTIFIED Construction

IIR

The insurer expands a philanthropic initiative that promotes disaster-resistant housing and supports vulnerable communities with proven construction standards.

Posted: Jun 26, 2025

mea, ACORD Solutions Group Partner on Insurance Data Exchange

IIR

mea Platform and ACORD Solutions Group have partnered to integrate digital data exchange capabilities aimed at automating underwriting and insurance transactions globally.

Posted: Jun 26, 2025