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Upgrading Legacy Tech Can Be a Risk, But Inaction Is a Bigger One

Carrier Management

Upgrading Legacy Tech Can Be a Risk, But Inaction Is a Bigger One While the insura...

Posted: Jun 06, 2025

Cyber Incidents in Canada Triple in 2 Years: QBE Research

Insurance Journal

Significant cyber incidents have tripled in two years in Canada, driven by technological, socioeconomic and geopolitical factors such as the war in Ukraine, according to research from commercial insurer QBE. Disruptive, globally significant and succe...

Posted: Jun 06, 2025

Senators Propose Air Safety Reforms for National Airport After Fatal Collision

Insurance Journal

A group of seven Democratic senators on Thursday introduced sweeping air safety legislation after a fatal collision between an Army helicopter and an American Airlines regional jet in January near Reagan Washington National Airport killed 67 people....

Posted: Jun 06, 2025

Satellite Data Capturing Burned Acres Show Canada Wildfire Season off to Wild Start

Insurance Journal

While images of wildfires capture their ferocity, data can provide insight into how bad a fire season is. Such is the case with two graphics, powered by satellite data, that showcase a Canadian wildfire season off to a wild — …

Posted: Jun 06, 2025

Crews Work to Contain Diesel Fuel Spill in Baltimore Harbor

Insurance Journal

State, city and U.S. Coast Guard crews of more than 100 people worked overnight to contain and clean up a 2,000-gallon diesel fuel spill in Baltimore’s harbor. On Wednesday at 11 a.m., first responders received what Johns Hopkins Hospital belie...

Posted: Jun 06, 2025

AM Best maintains stable outlook on South Korea’s non-life insurance market

Reinsurance News

Credit rating agency AM Best has maintained its stable outlook on South Korea’s non-life insurance segment, citing continued improvement of the country’s domestic solvency standards, which have helped strengthen insurers’ capital management practi...

Posted: Jun 06, 2025

Markel partners with Insurate to enter middle-market workers comp. sector

Reinsurance News

Markel Insurance, the insurance arm of Markel Group Inc., has entered into a strategic collaboration with Insurate, an insurtech specialising in the middle-market workers’ compensation sector. Markel explained that, after careful market anal...

Posted: Jun 06, 2025

Russia’s Aeroflot to Settle Deals for Last 36 Planes Leased From West

Insurance Journal

Russian flag carrier Aeroflot expects to sign settlement deals with Western insurers and leasing firms on the last 36 planes from a total of 228 aircraft it agreed to buy, Aeroflot head Sergei Aleksandrovski told Russian newspaper Kommersant. Aircraf...

Posted: Jun 06, 2025

World’s Auto Supply Chain Is in Hands of a Few Chinese Bureaucrats

Insurance Journal

In a hulking grey building just east of Tiananmen square in Beijing, a small team in China’s Ministry of Commerce is deciding the fate of the global auto industry, one rare earth magnet export permit at a time. China holds …

Posted: Jun 06, 2025

PERILS places final industry loss from southern Germany floods at €1.564bn

Reinsurance News

Zurich-based catastrophe insurance data provider PERILS has released its fourth and final industry loss estimate for the floods that struck southern Germany between 31 May and 6 June 2024, placing the insured market loss at €1.564 billion. The fin...

Posted: Jun 06, 2025

Chubb appoints Doug White as SVP Asia Pacific

Reinsurance News

Global insurer Chubb has announced the appointment of Doug White as Senior Vice President (SVP), Asia Pacific. White brings over 30 years of industry experience, including more than 25 years based in the Asia-Pacific region. He joined Chubb in 201...

Posted: Jun 06, 2025

Meghani to succeed Sheppard as Head of Property Treaty & Retrocession, OdysseyRe London

Reinsurance News

Nisha Meghani has been appointed Head of Property Treaty & Retrocession for OdysseyRe London. The appointment of Maghani follows the recent announcement of Matthew Sheppard’s elevation to the position of Deputy Chief Underwriting Officer...

Posted: Jun 06, 2025

HIVE expands into space insurance with Kenneally appointment

Reinsurance News

Independent specialty managing general agent (MGA) HIVE Underwriters has expanded into space insurance with the appointment of leading underwriter, Jack Kenneally, as Class Underwriter. This move complements HIVE’s existing aviation offering, sign...

Posted: Jun 06, 2025

Blink Parametric names Brian Barter as Chief Executive Officer

Reinsurance News

Insurtech Blink Parametric has announced the appointment of Brian Barter as Chief Executive Officer with immediate effect, succeeding Sid Mouncey, who will remain with the company as Chief Commercial Officer. In his new role, Barter has been taske...

Posted: Jun 06, 2025

Everest names Ashleigh Sears Head of Alternative Risk and Accounts Excess Casualty

Reinsurance News

Everest, a provider of reinsurance and insurance solutions, has named Ashleigh Sears as Head of Alternative Risk and National Accounts Excess Casualty for its North America Insurance division, reporting to Joe Fobert, Head of North America Retail...

Posted: Jun 06, 2025

Viewpoint: Fixing the Claims Experience Where It Matters Most – In the Mess

Insurance Journal

Before becoming a parent, I thought I could plan for everything. There are books, blogs and apps galore. My prediction was that I could stay ahead of the chaos if I studied, prepared enough and followed the proper steps. Then …

Posted: Jun 06, 2025

IDF & Bridgetown Initiative partner to drive integration of insurance into vulnerable communities

Reinsurance News

The Insurance Development Forum (IDF) and the Bridgetown Initiative have partnered to drive deeper integration of insurance into the international financial architecture (IFA) as a key part of the toolkit for enhancing resilience in Emerging Marke...

Posted: Jun 06, 2025

INTX Insurance Software expands to North America, offering a unified P&C platform

Reinsurance News

INTX Insurance Software, a provider of a fully integrated solution for the entire property and casualty (P&C) insurance policy lifecycle, has launched its insurance policy administration platform in North America, following two decades of use...

Posted: Jun 06, 2025

Reddit Sues Anthropic, Says AI Company Exploited User Data

Insurance Journal

Reddit Inc. sued artificial intelligence firm Anthropic, saying it has used the social media company’s content without permission to train its AI models. The lawsuit, which was filed Wednesday in San Francisco Superior Court, alleges that Anthr...

Posted: Jun 06, 2025

Supreme Court Spares US Gun Companies From Mexico’s lawsuit

Insurance Journal

The U.S. Supreme Court on Thursday spared two American gun companies from a lawsuit by Mexico’s government accusing them of aiding illegal firearms trafficking to drug cartels and fueling gun violence in the southern neighbor of the United Stat...

Posted: Jun 06, 2025

After $66M Florida Boat Crash Award, Judge Says TPA Can’t Halt Claims Adjustments

Insurance Journal

South Florida residents will likely remember Aaron Hirschhorn, the successful Miami entrepreneur who launched a dog-sitting service then won a big investment for a stem-cell therapy for dogs when he appeared on the “Shark Tank” TV show in...

Posted: Jun 06, 2025

Atrium adds Kate Gordge as Marine Hull and War Underwriter

Reinsurance News

Atrium, a specialty insurer at the Lloyd’s insurance and reinsurance marketplace, has expanded its team with the addition of Kate Gordge as Marine Hull and War Underwriter. Gordge will work closely with Mike MacColl and the wider marine team to de...

Posted: Jun 06, 2025

Napa Town That Once Rode out Emergencies with Diesel Gets Clean-Power Backup

Insurance Journal

For residents of this quaint tourist town on the northern edge of Napa Valley, the threat of wildfire is seldom out of mind. The hillside bears burn scars from a 2020 fire that forced all of Calistoga to evacuate, and …

Posted: Jun 06, 2025

Napa Town That Once Rode Out Emergencies With Diesel Gets Clean-Power Backup

Insurance Journal

For residents of this quaint tourist town on the northern edge of Napa Valley, the threat of wildfire is seldom out of mind. The hillside bears burn scars from a 2020 fire that forced all of Calistoga to evacuate, and …

Posted: Jun 06, 2025

LA County to Pay $2.7M to Teen Attacked in ‘Gladiator Fights’

Insurance Journal

Los Angeles County agreed to pay $2.7 million to a teenager who was attacked by at least six other young people at a juvenile detention center in so-called “gladiator fights” that were allegedly facilitated by probation officers. The boy&...

Posted: Jun 06, 2025

Historic Hudson River Lighthouse Vandalized and Set on Fire

Insurance Journal

A group of four men broke into a historic New York lighthouse along the Hudson River, set a fire and vandalized the interior, destroying valuable antiques, furniture and other items. The Tarrytown Lighthouse in Sleepy Hollow, built in 1883 and &#8230...

Posted: Jun 06, 2025

Viewpoint: Understanding the Future of Insurance by Studying the Past

Insurance Journal

One of the things I love about the insurance business is that anyone—regardless of where they start—can build a meaningful, lifelong career. I am proof of that. In our industry, your ability to reach your potential is a function of …

Posted: Jun 06, 2025

Trump Administration Targets Connecticut Town Over Transgender Athlete Policies

Insurance Journal

A school system in Connecticut that’s at the center of an ongoing legal fight over allowing transgender student athletes to participate in competitive girls’ sports is being investigated by the Trump administration, the U.S. Department of...

Posted: Jun 06, 2025

Inside the $455M Cargo Theft Surge – 4 Ways to Protect Your Fleet

Insurance Journal

This post is part of a series sponsored by IAT Insurance Group. Cargo theft reached an all-time high in 2024 – up 26% from 2023, with total reported losses of $455 million. The average estimated value per theft rose 7.7% …

Posted: Jun 05, 2025

We’re Losing Billions—Before We Ever Get to Court

Insurance Thought Leadership

We’re Losing Billions—Before We Ever Get to Court Leadership ClareCarroll1 Thu, 06/05/2025 - 21:00

Posted: Jun 05, 2025

Button Finance raises $5 million

coverager

Founded in 2019, New York-based Button Finance offers home equity loans.

Posted: Jun 05, 2025

AXA XL teams up with FTI Consulting & Norton Rose Fulbright

coverager

The companies will offer a cybersecurity communications training program.

Posted: Jun 05, 2025

Transamerica Life Bermuda secures license to operate in Dubai

coverager

Adnan Ladki has been appointed as Head of DIFC for Transamerica Life Bermuda.

Posted: Jun 05, 2025

Ryan Specialty to acquire J.M. Wilson

coverager

The transaction is expected to close in the third quarter of 2025..

Posted: Jun 05, 2025

FortressFire raises $375k toward $1.5 million goal

coverager

The company offers a tech-driven solution for protecting properties from wildfires.

Posted: Jun 05, 2025

Coalition Appoints Ilsa Derfus as Director of Capacity

IIR

Derfus will oversee carrier relationships and lead capacity strategy for new insurance products.

Posted: Jun 05, 2025

Cambridge Mobile Telematics Unveils AI Enhancements to Safety Tools

IIR

New features expand crash assistance, speed up claims, and improve driver engagement across telematics programs.

Posted: Jun 05, 2025

Pega CEO: Rethinking AI, Workflows, and the Value of Persistence

IIR

In the ‘Ask Alan Anything’ session with journalists and analysts, Alan Trefler outlined a strategic shift and explained why AI must be predictable, efficient, and sustainable.

Posted: Jun 05, 2025

Mutual of Omaha Preserves its Promise through Digital Innovation

IIR

Pat Wedeking shares how Mutual of Omaha is advancing modernization efforts across products and systems while preserving the brand’s historic commitment to policyholders.

Posted: Jun 05, 2025

NEC Specialty Deploys Expert Insured for Policy Management

IIR

The Boston-based MGA has adopted the AI-enabled platform from New York-based Expert Insured to streamline underwriting and enhance operational efficiency.

Posted: Jun 05, 2025

As Schools Prepare to Pay Athletes, What Role Will Insurance Play?

Carrier Management

As Schools Prepare to Pay Athletes, What Role Will Insurance Play? As colleges and universities prepare to legall...

Posted: Jun 05, 2025

Tariffs Stoke Supply Chain Worries for U.S. Businesses, Gallagher Survey Shows

Carrier Management

Tariffs Stoke Supply Chain Worries for U.S. Businesses, Gallagher Survey Show...

Posted: Jun 05, 2025

Texas Lawmakers Focus on Mitigation With Wildfire Bills

Carrier Management

Texas Lawmakers Focus on Mitigation With Wildfire Bills Texas lawmakers approved a series of bills thi...

Posted: Jun 05, 2025