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South Carolina’s governor has signed a liquor liability and tort-reform bill into law, but some lawmakers said broader changes to the state’s legal system are needed. Senate Majority Leader Shane Massey, who helped push through a compromi...
Posted: May 29, 2025
Aspen Insurance Group, a specialty insurer and reinsurer, has announced the appointment of Lee Elliston as Chief Operating Officer, Claims & UK. Elliston joined Aspen in January 2022 and has served as Chief Operating Officer, Group Claims sinc...
Posted: May 29, 2025
An Iranian national pleaded guilty to participating in the high-profile 2019 Baltimore, Maryland, ransomware attack, among others, and to causing tens of millions of dollars in losses and disrupted services, the Department of Justice said on Tuesday....
Posted: May 29, 2025
The UK P&I Club reported continued growth at the end of the 2024/2025 financial year, with a 6.6% investment return increasing the Club’s free reserves to $494 million, despite a challenging policy year for the sector. The rise in free reserve...
Posted: May 29, 2025
The West Virginia Supreme Court has ruled 3-2 that a prison nurse is entitled to workers’ compensation benefits for her COVID-19 disease because she provided sufficient evidence that she contracted it in her workplace and not outside of work. B...
Posted: May 29, 2025
Helios Underwriting has reported preliminary retained underwriting profit of £31.4 million in its 2024 results, which remains relatively flat compared to 2023’s £31.6 million. The company, which offers instant access to a diverse portfolio of synd...
Posted: May 29, 2025
A U.S. trade court blocked most of President Donald Trump’s tariffs in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners. The Court of Int...
Posted: May 29, 2025
Ways you can help get business owners ready for wildfires and hurricanes While I live by the motto, “Stay ready,” instead of “Get ready,” or “Get prepared,” in reality not everyone is ready for the possibility of what a wildfire or hurricane could...
Posted: May 29, 2025
Moody’s Ratings has revised the outlook on Assicurazioni Generali S.p.A. (Generali) to positive from stable and affirmed its A3 Insurance Financial Strength Rating (IFSR). The outlooks on Generali’s main operating insurance subsidiaries in Italy,...
Posted: May 29, 2025
SanlamAllianz Re’s Synapse 2025 event served as a catalyst for bold dialogue, strategic partnerships, and forward-thinking innovation, reinforcing confidence in Africa’s future, according to the reinsurance provider’s CEO, Ilyes Hassib. More than...
Posted: May 29, 2025
Rokstone, the London-based specialty re/insurance MGA that is part of the Aventum Group, announced the launch of its International Casualty Division. The move marks the latest milestone in Rokstone’s strategic build-out of its casualty portfoli...
Posted: May 29, 2025
Discussing how the Florida-focused June reinsurance renewals are shaping up, Randy Fuller, Managing Director, Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has suggested the California wildfires in Q1 are not expected to have a mea...
Posted: May 29, 2025
International specialist insurer Hiscox has announced the appointment of Peter Clarke as the Group’s new Chair designate, subject to regulatory approval. Clarke is set to take over the Board as Chair designate on June 1, 2025, succeeding Colin Keo...
Posted: May 29, 2025
Sony’s CEO said on Thursday the spin-off of the group’s financial services arm will give that business its own fundraising capabilities. “It is significant that, through the spin-off, Sony (Financial Group) will secure its own fundr...
Posted: May 29, 2025
Sony’s CEO said on Thursday the spin-off of the group’s financial services arm will give that business its own fundraising capabilities. “It is significant that, through the spin-off, Sony (Financial Group) will secure its own fundr...
Posted: May 29, 2025
Atrium, a specialty insurer at Lloyd’s, has promoted Adam Payne to the role of Deputy Head of Digital Underwriting. In this position, he will work in close partnership with Simon Lewis, Head of Digital Underwriting, to enhance Atrium’s digital inf...
Posted: May 29, 2025
Hiscox Ltd., the Bermuda-based specialist insurer, announces the appointment of Peter Clarke as chair designate, subject to regulatory approval. Clarke will join the board as chair designate on June 1, 2025 and will succeed Colin Keogh as chair with...
Posted: May 29, 2025
Hiscox Ltd., the Bermuda-based specialist insurer, announces the appointment of Peter Clarke as chair designate, subject to regulatory approval. Clarke will join the board as chair designate on June 1, 2025 and will succeed Colin Keogh as chair with...
Posted: May 29, 2025
Asian Reinsurance Corporation (Asian Re), a Thailand-based reinsurer providing risk transfer solutions across Asia in Thailand, has shown notable progress in its financial and operational performance during 2024. The company achieved a combined ra...
Posted: May 29, 2025
Rokstone, the international specialty re/insurance MGA and part of the Aventum Group, is strengthening its global specialty offering with the launch of its International Casualty Division. Sam Wylie has been appointed Portfolio Manager of the new...
Posted: May 29, 2025
Moody’s Ratings has affirmed the ratings and maintained negative outlooks on eight Chinese insurers and one related overseas subsidiary, following its affirmation of China’s A1 sovereign rating with a negative outlook. The nine insurers affected a...
Posted: May 29, 2025
The former director of a firm at the center of a global investigation into bogus airplane parts was charged with fraud by UK authorities. The Serious Fraud Office charged AOG Technics Ltd.’s director, Jose Alejandro Zamora Yrala, with fraudulen...
Posted: May 29, 2025
AXA XL Reinsurance has announced the appointment of Petya Ivanova as Head of Property, International Reinsurance, effective July 1st, 2025. In her new role, Ivanova will oversee the company’s international property portfolio, working closely with...
Posted: May 29, 2025
AXA XL Reinsurance has announced the appointment of Petya Ivanova as Head of Property, International Reinsurance, effective July 1st, 2025. In her new role, Ivanova will oversee the company’s international property portfolio, working closely with...
Posted: May 29, 2025
Core Specialty Insurance Holdings, Inc. and its subsidiaries have appointed Patrick Gordon to the company’s Board of Directors, effective immediately. Gordon replaces Marc Stad on the board, who has served as a Director Designated by Dragoneer Inv...
Posted: May 29, 2025
S&P Downgrades USAA Ratings S&P Global Ratings announced that it lowered its financial strength and counterparty credit ratings on United Services Automobile Association (USAA) and its core insurance subsidiaries to "AA" ...
Posted: May 29, 2025
Tesla Inc. is poised to begin its long-awaited robotaxi service in Austin on June 12, according to a person familiar with the matter, a milestone in Elon Musk’s plan to reshape the company around driverless vehicles and artificial intelligence....
Posted: May 29, 2025
Missouri lawmakers are to kick off a special session Monday to consider aid for tornado victims and a package of financial incentives aimed at keeping the Kansas City Chiefs and Royals from leaving the state for new or improved facilities …
Posted: May 29, 2025
S&P Global Ratings, a provider of independent credit assessments and financial analysis, has downgraded the credit ratings of United Services Automobile Association (USAA) and its core insurance subsidiaries from ‘AA+’ to ‘AA’. The ratings fir...
Posted: May 29, 2025
The Michigan Supreme Court on Wednesday dismissed appeals by families of students killed or wounded at Oxford High School in 2021, ending efforts to hold employees partly responsible for the mass shooting. Under Michigan law, immunity is a high hurdl...
Posted: May 29, 2025
Root Platform, the API-first core platform for delegated authority insurance business, has announced the appointment of Oliver Evans as its new Head of Growth UK, supporting Root’s ongoing plans to expand within the UK insurance market. Evans has...
Posted: May 29, 2025
When Michael Balarezo emerged from the basement office of his Boulder, Colo., home in December 2021, smoke plumes from the nearby Marshall Fire were visible from his driveway. Balarezo, his wife and daughter swiftly stowed emergency clothing, sensiti...
Posted: May 29, 2025
When Michael Balarezo emerged from the basement office of his Boulder, Colo., home in December 2021, smoke plumes from the nearby Marshall Fire were visible from his driveway. Balarezo, his wife and daughter swiftly stowed emergency clothing, sensiti...
Posted: May 29, 2025
A cargo ship that ran aground in a Norwegian fjord and narrowly missed a house, was pulled back into open water and was being towed to a nearby harbor on Tuesday — five days after the spectacular accident. A tugboat …
Posted: May 29, 2025
The Trump administration said on Wednesday it has agreed to end the U.S. Transportation Department’s consideration of race or gender when awarding billions of dollars in federal highway and transit project funding set aside for disadvantaged sm...
Posted: May 29, 2025
The reinsurance industry has shown significant improvements in operating performance in recent years. Despite facing substantial insured natural catastrophe losses globally, reinsurers achieved robust earnings growth in 2023 and 2024 exceeding their...
Posted: May 29, 2025
No place is more vulnerable to hurricanes in the 50 U.S. states than the Florida Keys. The chain of islands celebrated by singer Jimmy Buffett in his odes to tropical escapism is surrounded by water, jutting out 120 miles southwesterly …
Posted: May 29, 2025
A lawsuit filed by the parent company of Florida-based Trident Reciprocal Exchange charges that the insurer’s former CEO and co-founder secretly funneled more than $400,000 to her and her husband’s accounting firm for computer services th...
Posted: May 29, 2025
Canadian property and casualty insurer Definity Financial’s $2.4 billion purchase of Travelers Cos.’ Canadian business could spur a wave of consolidation in Canada’s insurance sector, its CEO said. The deal announced Tuesday will es...
Posted: May 29, 2025
Global Captive Management, Ltd. (GCM) has announced the launch of ‘Outcomes SPC’, a new solution that will offer businesses a cost-effective, streamlined way to enter the captive insurance space. This will allow younger, smaller, or more entrepren...
Posted: May 29, 2025
Hawaii’s governor signed legislation this week that boosts a tax imposed on hotel room and vacation rental stays in order to raise money to address eroding shorelines, wildfires and other consequences of climate change. The signing, which comes...
Posted: May 29, 2025
The federal Occupational Safety and Health Administration (OSHA) has reached a settlement agreement with a New Jersey commercial bakery where an employee suffered partial finger amputations in 2023. The company, Valenti’s Bakery, has agreed to...
Posted: May 29, 2025
Homeowners in California and Oregon in high-risk wildfire areas can earn discounts on insurance premiums through a new certification program to take mitigation steps to reduce risk. Mercury Insurance partnered with the Insurance Institute for Busines...
Posted: May 29, 2025
Joint law enforcement operations in Bakersfield, Oakland, and San Bernardino have made 6,727 arrests, recovered 4,842 stolen vehicles and confiscated 313 dangerous firearms, according to an announcement from Gov. Gavin Newsom’s office. The ongo...
Posted: May 29, 2025
Third Generation Joins Sgroi Lawley Group LLC Timothy Sgroi joined the team at Sgroi Lawley Group LLC, headquartered in Seneca, New York. Timothy Sgroi is the son of partner Patrick Sgroi and represents the third generation of the Sgroi family …...
Posted: May 29, 2025
Third Generation Joins Sgroi Lawley Group LLC Timothy Sgroi joined the team at Sgroi Lawley Group LLC, headquartered in Seneca, New York. Timothy Sgroi is the son of partner Patrick Sgroi and represents the third generation of the Sgroi family …...
Posted: May 29, 2025
The British insurer has unified 37 million customer profiles to drive personalized engagement and operational efficiency.
Posted: May 28, 2025
Insurance Information Institute
For Immediate Release Loretta Worters New York Press Office 917-208-8842 [email protected] MALVERN, Pa., May 29, 2025 – The Insurance Information Institute (Triple-I) has released its latest issues brief, Legal System Abuse and Attorney Advertisin...
Posted: May 28, 2025
Insurance companies are among the early users of platform that redacts PII and routes sensitive AI prompts.
Posted: May 28, 2025
The new initiative helps U.S. contractors lower builder’s risk policy costs through water damage prevention technology.
Posted: May 28, 2025