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Business Moves: Howden Acquires Chilean Retail Broker; United Risk Purchases Australian Facultative...

Insurance Journal

Howden Acquires Chilean Retail Insurance Broker Howden, the London-based insurance intermediary group, announced it has acquired Ureta & Fernandez Corredores de Seguros Limitada (U&F), an independent retail insurance broker headquartered in S...

Posted: Jun 20, 2025

China Warns of More Floods as Extreme Storms Hit World’s No. 2 Economy

Insurance Journal

Central and southern China were on high alert for more flash floods on Friday as the annual East Asia monsoon gathered pace and extreme rainfall threatened disruption in the world’s second-largest economy. Red alerts, the first for this year, w...

Posted: Jun 20, 2025

Rio Tinto Reaches $138.75M Settlement With Investors Over Mongolian Mine

Insurance Journal

Rio Tinto agreed to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia. A...

Posted: Jun 20, 2025

Iran Hijacking Home Security Cameras to Spy Within Israel

Insurance Journal

Iran is tapping into private security cameras in Israel to gather real-time intelligence about its adversary, exposing a recurrent problem with the devices that has emerged in other global conflicts. Earlier this week, after Iranian ballistic missile...

Posted: Jun 20, 2025

Concert hands Kenneth Carter additional Chief Risk Officer role

Reinsurance News

Concert Group, a privately owned insurance holding company, has expanded Kenneth Carter’s role in the company to include Chief Risk Officer, along with serving as Chief Claims Officer. Carter joined Concert in October 2024 as Chief Claims Of...

Posted: Jun 20, 2025

UK Car Theft Crisis Pits Manufacturers Against High-Tech Gangs

Insurance Journal

To the untrained eye, the red shipping container at Felixstowe looked no different to the thousands of others stacked up at Britain’s busiest seaport. Destined for Africa, its contents were listed as “household goods,” but to police...

Posted: Jun 20, 2025

Oklahoma Workers’ Compensation Commission Votes to Reduce MITF Assessment

Insurance Journal

The Oklahoma Workers’ Compensation Commission announced that it voted this spring to reduce the Multiple Injury Trust Fund assessment on workers’ compensation coverage providers from 7% to 6.29%. This is the first reduction in five years,...

Posted: Jun 20, 2025

Toyota Files $361 Million South Africa Flood Damage Lawsuit: BD Report

Insurance Journal

Toyota Motors Corp. has brought a lawsuit for 6.5 billion rand ($361 million) in a South African court for 2022 flood damages that shuttered its plant near Durban, Business Day reported. The claim against Transnet SOC Ltd., the KwaZulu-Natal Departme...

Posted: Jun 20, 2025

Toyota’s Japanese Insurer Files $361 Million South Africa Claim

Insurance Journal

A 6.5 billion rand ($361 million) lawsuit has been lodged in a South African court by a Japanese insurance company for a claim arising from flood damages suffered in 2022 by Toyota Motors Corp.’s plant near Durban. The claim against …

Posted: Jun 20, 2025

ADGM plans to establish Insurance Association in Abu Dhabi

Reinsurance News

ADGM has announced plans to establish the Insurance Association within its jurisdiction, marking a key milestone in advancing the insurance and reinsurance sectors both within ADGM and across the United Arab Emirates (UAE). ADGM is an Internationa...

Posted: Jun 20, 2025

Ex-Shell US Oil Trading Boss Claims He’s Owed $29 Million Bonus

Insurance Journal

Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading unit. John …

Posted: Jun 20, 2025

People Moves: Circadian Risk Names Schools CFO

Insurance Journal

Circadian Risk, headquartered in Ann Arbor, Michigan, named Frank Schools as chief financial officer (CFO). Schools will oversee the company’s financial strategy, planning, risk management and reporting functions. Schools previously worked with...

Posted: Jun 20, 2025

Send names Chief People Officer to support growth strategy

Reinsurance News

Send Technology Solutions Ltd (Send), an insurtech firm, has named Will Sparkes as its new Chief People Officer. The appointment comes as the company looks to formalise and expand its approach to people operations during a period of ongoing growth...

Posted: Jun 20, 2025

AmRisc Launches Reciprocal Exchange for Commercial E&S Market

Insurance Journal

AmRisc, a subsidiary of Alabama-based CRC Group and Truist Insurance Holdings, has launched a reciprocal exchange, initally writing in Florida, Georgia, Alabama, California and Colorado, the company announced this week. Calais Reciprocal Insurance Ex...

Posted: Jun 20, 2025

Former Connecticut Trooper Accused of Workers’ Compensation Fraud

Insurance Journal

A former Connecticut state police trooper has been arrested and charged with collecting workers’ compensation benefits totaling $8,341.00 during his employment with the Connecticut Department of Emergency Services and Public Protection (DESPP)....

Posted: Jun 20, 2025

Pano AI in California Raises $44M Series B to Scale Early Detection

Insurance Journal

San Francisco, California-based Pano AI announced the close of its $44 million Series B funding round. The round, which brings its total amount raised to $89 million, was led by new investor Giant Ventures, with additional new participation from Libe...

Posted: Jun 20, 2025

Waymo Applies for NYC Testing Permit, Sending Uber and Lyft Shares Lower

Insurance Journal

Alphabet Inc.’s Waymo has applied for a permit to test its robotaxis in New York City, underscoring its intent to operate in one of the largest ride-hailing markets in the US despite an absence of local regulations supporting commercially opera...

Posted: Jun 20, 2025

Fitch upgrades QBE ratings, citing strong financial performance

Reinsurance News

Credit rating agency Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of QBE Insurance Group Limited to ‘A’ from ‘A-’ and raised the Insurer Financial Strength (IFS) Ratings of its core subsidiaries to ‘AA-’ from ‘A+’. The outl...

Posted: Jun 20, 2025

Man Pleads Guilty to Obtaining Driver’s Licenses for Ineligible Applicants

Insurance Journal

A Connecticut man has pleaded guilty to conspiring to obtain driver’s licenses for ineligible applicants, principally illegal aliens, federal prosecutors reported. The U.S. Attorney’s Office for Massachusetts said that Cesar Agusto Martin...

Posted: Jun 20, 2025

Deadly, Unintentional Falls Increasing for Older Adults in the U.S.

Carrier Management

Deadly, Unintentional Falls Increasing for Older Adults in the U.S. Older U.S. adults are increasingly...

Posted: Jun 19, 2025

Hurricane Erick Hits Mexico’s Pacific Coast, Life-Threatening Floods Expected

Carrier Management

Hurricane Erick Hits Mexico’s Pacific Coast, Life...

Posted: Jun 19, 2025

Erie Insurance: ‘No Evidence’ of Ransomware in Outage; TMNA Updates

Carrier Management

Erie Insurance: ‘No Evidence’ of Ransomware in Outage; TMNA Updates...

Posted: Jun 19, 2025

Foundational, Leadership-Driven Education High Priority in Insurance

Carrier Management

Foundational, Leadership-Driven Education High Priority in Insurance Found...

Posted: Jun 19, 2025

Q1 2025 Property Claims Count Hits 5-Year Low: Verisk

Carrier Management

Q1 2025 Property Claims Count Hits 5-Year Low: Verisk The first three...

Posted: Jun 19, 2025

‘Abolishing FEMA’ Memo Outlines Ways for Trump to Scrap Agency

Carrier Management

‘Abolishing FEMA’ Memo Outlines Ways for Trump to Scrap Agency Homeland Security Secretary Kri...

Posted: Jun 19, 2025

Trump Can’t End FEMA But It Needs Reform, Says Obama’s FEMA Head

Carrier Management

Trump Can’t End FEMA But It Needs Reform, Says Obama’s FEMA Head President Don...

Posted: Jun 19, 2025

AI in Claims: Act Now or Be Left Behind

Insurance Thought Leadership

AI in Claims: Act Now or Be Left Behind Claims

Posted: Jun 19, 2025

5 Strategies Reshaping Insurance in 2025

Insurance Thought Leadership

5 Strategies Reshaping Insurance in 2025 Risk Management

Posted: Jun 19, 2025

Indiana Farm Bureau Insurance Adopts Akur8 Pricing Platform

IIR

The carrier will use Akur8’s machine-learning solution to accelerate model development and build transparent pricing models.

Posted: Jun 19, 2025

LexisNexis Risk Solutions Launches Commercial Property Risk Tool

IIR

Using proprietary modeling, the new Location Intelligence platform provides more than 20 times the lift compared to traditional loss propensity models.

Posted: Jun 19, 2025

The Future of Reinsurance Underwriting: Navigating Complexity with Data and Technology

IIR

The future of reinsurance depends on replacing traditional methods with data-driven, tech-enabled approaches that emphasize speed, transparency, and predictive accuracy.

Posted: Jun 19, 2025

Livestock Producers Insured against Jaguar Predation

IIR

Ranchers from Andresito, Misiones relate the threat jaguars present, and how coverage prevents them from losing a year’s work in a single night—while supporting biodiversity.

Posted: Jun 19, 2025

Jaguar-Protection Insurance Launched in Argentina via Public/Private Partnership

IIR

The coverage, now in pilot in the Province of Misiones, works by indemnifying livestock owners against losses to discourage retaliatory or preventive killing of the large cats.

Posted: Jun 19, 2025

SpaceX’s Starship Explodes on Test Stand in Yet Another Setback

Insurance Journal

A SpaceX Starship rocket exploded on a test stand in Texas, adding to a series of setbacks to Elon Musk’s space ambitions that include trips to Mars. The huge blast enveloped the craft as it stood upright on a test …

Posted: Jun 19, 2025

Krispy Kreme Starts Notifying Over 160,000 People Affected by Data Breach

Insurance Journal

Krispy Kreme released new information about its late 2024 data breach and said it is notifying affected individuals—many of them current or former employees, and their families. According to a post on its website and a notification to the attorney &#...

Posted: Jun 19, 2025

Allianz Direct acquires Eurofil

coverager

The transaction includes Eurofil's entire insurance portfolio as well as more than 300 employees.

Posted: Jun 19, 2025

LexisNexis partners with Harvey

coverager

LexisNexis is working with legal AI startup Harvey.

Posted: Jun 19, 2025

Willis launches Zest Insurance

coverager

Zest Insurance will be available initially to businesses in the administration and support services industry.

Posted: Jun 19, 2025

SiriusPoint expands partnership with DUPI Nordics

coverager

SiriusPoint has provided capacity to DUPI Nordics since March 2023.

Posted: Jun 19, 2025

Great American announces availability of certain products on Dyad

coverager

This integration will enable users to access products through a platform that provides quick data exchanges and efficient quoting and binding processes.

Posted: Jun 19, 2025

Modular Solutions closes financing round

coverager

Bosch remains the majority shareholder of Modular Solutions.

Posted: Jun 19, 2025

FRIDAY halts insurance sales

coverager

Existing contracts remain in place as Allianz Direct takes over its $57M book of business in Germany and France. 

Posted: Jun 19, 2025