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Swiss Re Tackles Longevity Drug Impact With Life Policy Advice

Insurance Journal

Swiss Re AG issued guidance for underwriters on how to assess life insurance applications of people who show signs of using medications for longevity purposes. Metformin, traditionally used to manage type 2 diabetes, and rapamycin, an immunosuppressa...

Posted: Aug 12, 2025

Typhoon Podul Set to Strengthen Before Hitting Southern Taiwan

Insurance Journal

Typhoon Podul is expected to intensify as the system tracks toward southern Taiwan, bringing heavy rain and damaging wind gusts before making landfall on Wednesday. The typhoon was 730 kilometers (454 miles) southeast of Taitung City, packing top sus...

Posted: Aug 12, 2025

Update: Typhoon Podul Set to Strengthen Before Hitting Southern Taiwan

Insurance Journal

Eight of Taiwan’s southern and eastern regional governments decided to shut down schools and offices because of typhoon Podul, which is expected to reach the island on Wednesday, bringing heavy rain and damaging wind gusts. The typhoon was 460...

Posted: Aug 12, 2025

Send names Laura Wathen as Chief Financial Officer to support global growth

Reinsurance News

Send Technology Solutions Ltd (Send), a provider in the insurtech space, has named Laura Wathen as its Chief Financial Officer (CFO) as the company prepares for its next stage of global growth. Wathen previously held the CFO role at fintech platfo...

Posted: Aug 12, 2025

Chubb promotes Steve Haney to President and CUO of Global Surety

Reinsurance News

Global insurer Chubb has announced the promotion of Steve Haney to President and Chief Underwriting Officer (CUO) of Global Surety. In this role, Haney will have executive operating responsibility for strategy, underwriting, and profit and loss (P...

Posted: Aug 12, 2025

5-Year Cost of Litigation Funding to Commercial Insurers Could Top $25B

Insurance Journal

“Are you being serious?” Christopher Swift, chair and chief executive officer of The Hartford, was taken aback by a question from an analyst during the company’s second-quarter earnings call about the impact of litigation finance on...

Posted: Aug 12, 2025

Liberty Mutual in First FCPA Settlement Since Enforcement Restarted

Insurance Journal

Liberty Mutual will give up $4.7 million in profit to settle a U.S. criminal bribery probe into an Indian subsidiary, in the Department of Justice’s first public enforcement action of a federal anti-bribery law it resumed enforcing in June. In...

Posted: Aug 12, 2025

Florida Woman Posed as Nurse and Treated Thousands of Patients, Officials Say

Insurance Journal

PALM COAST, Fla. (AP) — A Florida woman is accused of posing as a licensed nurse and giving medical care to thousands of patients, authorities said. Autumn Marie Bardisa, 29, of Palm Coast, participated in medical services involving 4,486 people &#82...

Posted: Aug 12, 2025

South Carolina DOI Pitches Rate Cut on Some Credit Property Insurance

Insurance Journal

The South Carolina Department of Insurance has proposed new rates for credit property insurance, holding the rate steady for household goods but reducing rates for other categories for 2026. Because rate decreases in recent years do not appear to hav...

Posted: Aug 12, 2025

Legacy Risk Solutions Merges With Alabama-Based PointeNorth Insurance

Insurance Journal

Florida-based Legacy Risk Solutions, a network of independent insurance agencies, has merged with PointeNorth Insurance Group, bringing more options for agents in commercial and personal lines. The combined firm will operate as Legacy Risk Solutions,...

Posted: Aug 12, 2025

Legacy Risk Solutions Merges With Atlanta-Based PointeNorth Insurance

Insurance Journal

Florida-based Legacy Risk Solutions, a network of independent insurance agencies, has merged with PointeNorth Insurance Group, bringing more options for agents in commercial and personal lines. The combined firm will operate as Legacy Risk Solutions,...

Posted: Aug 12, 2025

Neo-Nazi Leader Sentenced for Planned Maryland Power Grid Attack

Insurance Journal

The founder of a Florida-based neo-Nazi group has been sentenced to 20 years in federal prison for conspiring with his girlfriend to plan an attack on Maryland’s power grid in furtherance of their shared racist beliefs. Brandon Russell, 30, was...

Posted: Aug 12, 2025

FAA Proposes to Extend Newark Airport Flight Cuts Until October 2026

Insurance Journal

The Federal Aviation Administration said on Friday it is proposing to extend flight cuts at Newark, one of the three main airports serving the New York City-area, through October 2026 as it continues to face air traffic controller shortage and &#8230...

Posted: Aug 12, 2025

Cyber incidents in APAC up 29% in 2024: Aon

Reinsurance News

According to findings from Aon’s 2025 Cyber Risk Report, cyber incidents in the Asia Pacific (APAC) region in 2024 rose by 29% year-over-year, and have increased by 134% since 2020. The insurance and reinsurance broker’s report reveals...

Posted: Aug 12, 2025

Colorado Prison Evacuated as Growing Wildfire Becomes One of Largest in State History

Insurance Journal

A Colorado prison was evacuated as one of the largest wildfires in state history continued to grow, and officials warned residents of remote areas to be ready to leave Sunday as gusty winds and low humidity fed the flames. Evacuation …

Posted: Aug 12, 2025

California Stalls on EV Subsidies as Trump Cuts Federal Rebate

Insurance Journal

With President Donald Trump set to ax a key electric vehicle tax credit next month, California Governor Gavin Newsom has yet to advance his highly touted proposal to restart the state’s own EV subsidies, according to people familiar with the &#...

Posted: Aug 12, 2025

AIG CEO Zaffino Highlights Integration of GenAI to Create Digital Twin of Business

Insurance Journal

Are two AIGs better than one? In outlining the work at American International Group (AIG) to integrate generative artificial intelligence, CEO Peter Zaffino said AIG’s intent is to “create a digital twin of our business.” The &#8220...

Posted: Aug 11, 2025

Why PBMs Matter: 8 Questions for Paul King of MyMatrixx

Risk & Insurance

Paul King, President of MyMatrixx by Evernorth, outlines how to integrate advanced tech and clinical precision to elevate PBMs in a complex regulatory landscape. The post

Posted: Aug 11, 2025

Why Experts Say States Need to Get in the Business of Floodplain Buyouts

Carrier Management

Why Experts Say States Need to Get in the Business of Floodplain Buyouts As flooding becomes an...

Posted: Aug 11, 2025

JMI Equity closes 12th flagship fund

coverager

JMI has invested in more than 190 software companies and completed more than 120 exits totaling $11 billion in distributions.

Posted: Aug 11, 2025

Zurich launches Fronted Master Builders Risk for mega projects

coverager

The coverage is ideal for owners and contractors with project pipelines comprising multiple individual projects in excess of $250 million.

Posted: Aug 11, 2025

Protecting families and finding purpose with Quility

coverager

We sat down with the Senior Director of Sales for our Quility Wholesale Team, Cary Ruplinger, to hear an inspiring story detailing how he found coverage for a client who was denied by six different carriers.

Posted: Aug 11, 2025

Howden announces successful $4.1 billion debt repricing

coverager

This transaction will lower interest costs and the Term Loan B repricing will result in expected gross annualized savings of approximately $8 million per year.

Posted: Aug 11, 2025

Beagle names Johnny Hanna President

coverager

Marsh collaborated with D&O insurers to develop a tailored policy enhancement to clients’ traditional D&O programs that covers their indemnification obligations to investment banks.

Posted: Aug 11, 2025

1 Dead, 10 Injured, 1 Missing After US Steel Plant Explosion Near Pittsburgh

Insurance Journal

One person was killed and at least 10 others hospitalized with injuries after an explosion at a U.S. Steel plant outside of Pittsburgh on Monday. According to Allegheny County Emergency Services, the explosion happened inside a battery operating area...

Posted: Aug 11, 2025

2 Dead, 10 Injured After US Steel Plant Explosion Near Pittsburgh

Insurance Journal

Two workers were killed and at least 10 other people hospitalized with injuries after an explosion at a U.S. Steel plant outside of Pittsburgh on Monday. According to Allegheny County Emergency Services, the explosion happened inside a battery operat...

Posted: Aug 11, 2025

The Shocking Cost of Litigation Funding

Insurance Thought Leadership

The Shocking Cost of Litigation Funding PaulCarroll Mon, 08/11/2025 - 20:12 Mid-August is supp...

Posted: Aug 11, 2025

Plymouth Rock Assurance Names Brooke Bass COO, Dale Brooks CCO

IIR

The appointments strengthen leadership in the Independent Agency Group with focus on operations and claims excellence.

Posted: Aug 11, 2025

Orion180 Neural Earth Partner on AI-Powered Risk Intelligence

IIR

The collaboration integrates geospatial analytics into Orion180’s underwriting, beginning with wildfire risk assessment in high-risk regions.

Posted: Aug 11, 2025

CCC, Elitek Expand Integration to Include Sublet Services

IIR

The enhancement allows collision repair shops to capture more Elitek service details in CCC ONE for improved documentation and efficiency.

Posted: Aug 11, 2025

Claims Management Success Hinges on Human Capital Investment Amid Industry Talent Shortage

Risk & Insurance

Industry data reveals that strategic employee development and retention programs are driving measurable improvements in claims outcomes, even as labor shortages challenge the sector. The post

Posted: Aug 11, 2025

July Temps Ease, But Still Third Hottest on Record

Carrier Management

July Temps Ease, But Still Third Hottest on Record The world experienced its third-...

Posted: Aug 11, 2025

Camaro ZL1 Tops List of Most Stolen Vehicles: IIHS

Carrier Management

Camaro ZL1 Tops List of Most Stolen Vehicles: IIHS The Chevrolet Camaro ZL1...

Posted: Aug 11, 2025

People Moves: Chubb Promotes in Surety, Property; WTW Hires ICT Directors; HDI Global USA Names Agui...

Insurance Journal

Chubb Makes Key Leadership Appointments in Surety’s Global and North America Businesses Chubb Limited, headquartered in Warren, New Jersey, named Steve Haney, vice president, Chubb Group and currently division president of North America surety...

Posted: Aug 11, 2025

People Moves: Coterie Insurance Names Albert and Egbert to Senior Leadership Team

Insurance Journal

Coterie Insurance, headquartered in Appleton, Wisconsin, named Mike Albert and Allan Egbert to the company’s senior leadership team as chief technology officer and chief platform officer, respectively. Albert and Egbert, the co-founders of Ask...

Posted: Aug 11, 2025

Majority of MGAs believe the claims process with carriers needs improvement

Reinsurance News

Over three-quarters (77%) of MGAs say the claims process with carriers needs improvement, up from 59% in 2023, with 91% of carriers sharing this view, according to the MGA Opinion Report by Clyde & Co in collaboration with the MGAA. The report...

Posted: Aug 11, 2025

Hiscox creates new alternative risk transfer team

coverager

The company has appointed Adrees Tinkler to lead a new Alternative Risk Transfer team within its London Market business.

Posted: Aug 11, 2025

Prudential and NN Life & Pensions sign $4 billion longevity deal

coverager

The deal marks Prudential’s second international longevity reinsurance transaction with NN Life & Pensions.

Posted: Aug 11, 2025

Helicopter Crash Kills 2 Workers Repairing Powerlines Near Mississippi River

Insurance Journal

Two people working on powerlines near the Mississippi River died Thursday when their helicopter hit the lines, crashed into a barge and sparked a fire that belched plumes of black smoke, officials said. The helicopter crew was near East Alton, &#8230...

Posted: Aug 11, 2025

Louisiana to Pay $9M Settlement to Man Partially Paralyzed by State Trooper

Insurance Journal

Louisiana authorities have agreed to pay $9 million to a man who was partially paralyzed from the waist down after a trooper shot him in the back during a 2018 traffic stop in Baton Rouge and then falsely reported it …

Posted: Aug 11, 2025

BHSI appoints Franco Masciovecchio as Country Manager for Switzerland

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, professional, and cyber insurance solutions, has appointed Franco Masciovecchio as its new Country Manager for Switzerland. Masciovecchio brings over 30 ye...

Posted: Aug 11, 2025

Storms in Nebraska Kill 1, Displace Hundreds of Inmates

Insurance Journal

Strong storms before dawn Saturday in eastern Nebraska killed one person and seriously injured another in a state park and displaced hundreds of inmates after two prison housing units were damaged, officials said, even as other Midwest states also br...

Posted: Aug 11, 2025