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AmRisc, a subsidiary of CRC Group, has launched an Illinois-domiciled, reciprocal insurance exchange, Calais Reciprocal Insurance Exchange, which has already been assigned a financial strength rating of A- (Excellent) by AM Best. Calais is backed...
Posted: Jun 19, 2025
The co-founder and CEO details how her scientific background has influenced her Insurtech startup. The post Risk & Insurance Speaks with Faura&#...
Posted: Jun 19, 2025
Deal volume is down but the total value of the deals that were made is up, according an analysis by PwC of mergers and acquisitions in the insurance sector. The look at M&A activity showed total deal value within the …
Posted: Jun 19, 2025
Bad faith litigation has long posed both legal and reputational risks for insurers operating in Florida. With the enactment in 2023 of House Bill 837—a sweeping tort-reform measure—there are important changes to how insurers and their claims professi...
Posted: Jun 19, 2025
Hurricane Erick made landfall on the coast of Oaxaca, Mexico, on Thursday morning, authorities said, potentially bringing intense rains and life-threatening floods and mudslides. The storm made landfall around 5:30 am local time in the town of Santia...
Posted: Jun 19, 2025
Hurricane Erick weakened after slamming into Mexico’s southern Pacific coast as a major hurricane on Thursday, leaving a trail of damaged businesses, wrecked boats and flooded streets in the state of Oaxaca as authorities warned of risks from h...
Posted: Jun 19, 2025
Last week, the High Court of Justice in London ruled in favour of aircraft lessors for the 2021 and 2022 underwriting years, a key development in the ongoing Russia-Ukraine aviation litigation, and one which analysts at Morningstar DBRS warn has p...
Posted: Jun 19, 2025
Almost a year since the Copa America final nearly ended in tragedy, big numbers of soccer fans are back at Hard Rock Stadium — this time for the Club World Cup with heightened security. A combined crowd of nearly 120,000 …
Posted: Jun 19, 2025
California utilities are mulling power shutdowns as breezy dry conditions across the state raise the risk of wildfires. Pacific Gas & Electric Corp. may turn off power to at least 11,543 customers in 15 counties, according to its website. Souther...
Posted: Jun 19, 2025
Alabama’s insurance commissioner this week urged property insurers to be judicious in the use of drones and aerial imagery in making nonrenewal decisions, but stopped short of issuing new regulations. “If an insurer uses aerial imagery as...
Posted: Jun 19, 2025
Congressional bills aim to close tax advantages and increase transparency in $16 billion third-party litigation funding industry. The post
Posted: Jun 19, 2025
According to Verisk’s Quarterly Property Report, claims volume continued to decline in the first quarter of 2025, reaching a five-year low despite significant weather events in several regions. The quarter ended with a total of 1,059,323 claims, c...
Posted: Jun 19, 2025
Executives on the Move at Hamilton, Markel Hamilton Insurance Group announced the appointments of...
Posted: Jun 19, 2025
Insurance Industry Rejects Proposed Moratorium on State AI R...
Posted: Jun 19, 2025
Registration is open for the 2025 TxCIA Annual Conference, October 14–15 in The Woodlands, TX—featuring expert panels, networking, and the latest insights in captive insurance. The post
Posted: Jun 19, 2025
Aon Promotes Rieth to Global Cyber Leader Aon plc, headquartered in London, promoted Brent Rieth to global cyber leader within Commercial Risk Solutions. Rieth, based in Chicago, Illinois, currently serves as head of Cyber Solutions, North America, w...
Posted: Jun 19, 2025
A New York specialty insurance managing underwriter for contractors and construction risks has sued a New York City personal injury law firm and dozens of medical providers, alleging a wide-ranging scheme to defraud insurers through staged constructi...
Posted: Jun 19, 2025
Mosaic Insurance, a specialty insurer focused on complex and emerging risks, has introduced a new product aimed at supporting efforts to remediate abandoned and orphaned oil and gas wells across North America. The company’s environmental division...
Posted: Jun 19, 2025
Don’t let the language of analysis create confusion over coverage The primary concern to policyholders is which perils— causes of loss—are insured or excluded under the policy. How they arise and relate to other perils and conditions is secondary, if...
Posted: Jun 19, 2025
The first three months of 2025 brought devastating wildfires to California, significant wind and hail events to Texas, and substantial increases in tornado activity to “Tornado Alley,” but claim volume decreased to a five-year low, accord...
Posted: Jun 19, 2025
The Clear Group, he London-based insurance intermediary, announced the acquisition of C.R. Toogood & Co. Ltd., a commercial insurance broker based in East Horsley, Surrey, UK. Financial details of the deal were not disclosed. Clear said this stra...
Posted: Jun 19, 2025
AEGIS London, a syndicate at Lloyd’s, has named Sarah Yuile as an underwriter in its International Casualty team. This strategic hire reflects the company’s focus on enhancing its underwriting expertise and advancing the growth of its Internationa...
Posted: Jun 19, 2025
Insurance Business Magazine - US
Posted: Jun 19, 2025
The cost of insurance for ships sailing in the Persian Gulf jumped as attacks between Iran and Israel raised risks for vessels in the area. Underwriters are now charging 0.2% of the value of a ship for calls into the …
Posted: Jun 19, 2025
CNA Financial Corporation has launched Cardinal E&S, a new brand dedicated to the excess and surplus (E&S) market, offering specialised insurance solutions tailored to brokers handling complex, hard-to-place risks. According to CNA, Cardin...
Posted: Jun 19, 2025
Howden, the global insurance and reinsurance broking group, has appointed Patrick De Baets as Chief Executive Officer (CEO) of its Belgium operation, effective immediately. De Baets has over three decades of industry experience, having held senior...
Posted: Jun 19, 2025
Climate change has tripled the frequency of atmospheric wave events linked to extreme summer weather in the last 75 years and that may explain why long-range computer forecasts keep underestimating the surge in killer heat waves, droughts and floods,...
Posted: Jun 19, 2025
Apollo has announced the appointment of Steve Portman as Head of Energy, effective June 2025. In his new role, Portman will be responsible for enhancing portfolio growth and strengthening market positioning within the energy division. Based in Lon...
Posted: Jun 19, 2025
Global specialist re/insurer and capacity provider Newpoint Re has reported strong financial performance for the full year 2024, with gross written premiums rising to $400.9 million, a significant increase from $249.4 million in 2023. The firm als...
Posted: Jun 19, 2025
Global reinsurance broker Gallagher Re has announced the appointment of Anna Dill as Executive Vice President (EVP). Based in Minneapolis, Dill will focus on U.S. large account P&C origination and client advocacy. She brings more than 15 years...
Posted: Jun 19, 2025
The US Department of Agriculture announced a plan to open an $8.5 million facility in South Texas to combat the spread of the New World screwworm, a flesh-eating bug that is deadly to cattle. The facility, expected to be completed …
Posted: Jun 19, 2025
The U.S. Environmental Protection Agency announced a settlement with manufacturer Eakas Corp. for alleged Clean Air Act emissions violations at the company’s facility in Peru, Illinois. The company will pay $520,200 in penalties. Eakas produces...
Posted: Jun 19, 2025
The Oklahoma Insurance Department said that it has expanded its second pilot launch of OKReady, a program that allocates up to $10,000 in grant funds to residents to strengthen homes to the IBHS Fortified standard. OID announced that eight new …...
Posted: Jun 19, 2025
The Oklahoma Insurance Department said that it has expanded its second pilot launch of OKReady, a program that allocates up to $10,000 in grant funds to residents to strengthen homes to the IBHS Fortified standard. OID announced that eight new …...
Posted: Jun 19, 2025
In the wake of the Trump administration’s announced plans to cut back on federal disaster spending, South Padre Island officials are concerned their beaches will be left vulnerable should a storm hit this hurricane season. City staff alerted Ci...
Posted: Jun 19, 2025
Spain’s most-detailed account yet of the missteps leading to April’s nationwide blackout failed to fully explain why the power grid was so unstable in the first place. Over 182 pages, including redactions that blot out the names of compan...
Posted: Jun 19, 2025
SiriusPoint Ltd., a re/insurer focused on specialty lines, has announced the expansion of its ongoing relationship with Copenhagen-based Managing General Agent (MGA), DUPI Nordics, into Continental Europe. Since March 2023, SiriusPoint has support...
Posted: Jun 19, 2025
Brookfield Corp.’s insurance unit has pulled back from investments in private credit as surging demand from rival bidders pushes yields down. Brookfield Wealth Solutions started to reduce its allocation to private credit six months ago, and is...
Posted: Jun 19, 2025
Bermuda-domiciled global specialty re/insurer Ascot Group has appointed Rosalind Brewer, Martin Flanagan, and Robert Sewell to its Board of Directors, pending regulatory approval. These strategic appointments align with the company’s long-term goa...
Posted: Jun 19, 2025
Aon, a global insurance and reinsurance broking group, has received certification for its updated Florida hurricane model from the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) for ratemaking in the state. The updated model...
Posted: Jun 19, 2025
Fee-based risk management services, a service that is already provided for free by many insurers, can boost US property and casualty (P&C) insurer’s revenues, according to a recent report by the Deloitte Center for Financial Services. Over the...
Posted: Jun 19, 2025
A former Ohio doctor who was fired before being found not guilty on murder charges in the deaths of 14 patients lost a defamation lawsuit against his former employers on Monday, after a judge stepped in for a jury on …
Posted: Jun 19, 2025
HG Re Ltd. has selected Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to enhance its investment performance measurement and risk analytics capabilities. This implementation ai...
Posted: Jun 19, 2025
The U.S. Supreme Court established rules of the road on Wednesday to determine when lawsuits challenging actions by the U.S. Environmental Protection Agency related to air pollution and greenhouse gas emissions should be heard by regional appeals cou...
Posted: Jun 19, 2025
The conflict between Israel and Iran is spilling over into the digital world, inflaming a decades-long campaign of hacks and espionage between two nations renowned for their cyber prowess. On Tuesday, a pro-Israel hacking group claimed responsibility...
Posted: Jun 19, 2025
New Jersey can have a grand jury examine allegations of clergy sexually abusing children, the state’s Supreme Court ruled Monday, after a Catholic diocese that had tried for years to block such proceedings recently reversed course. The Diocese...
Posted: Jun 19, 2025