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Two South Carolina women filed an auto accident claim with First Acceptance Insurance Co. in May and were paid more than $25,500 for bodily injury medical expenses. Then investigators found out that the women had fabricated the entire incident, the &...
Posted: Aug 08, 2025
Tokio Marine Holdings has announced its financial results for the first quarter of the 2025 fiscal year, reporting a 3.2% rise in its international business profit to JPY 126.3 billion, while its international non life business profit decreased 12...
Posted: Aug 08, 2025
Last year’s sub-100 combined ratio for the homeowners line broke a five-year string of 100-plus figures for the U.S. insurance industry in aggregate—and homeowners insurers are sticking to rate increases to keep profits going, a new report says...
Posted: Aug 08, 2025
MS Reinsurance (MS Re), a Switzerland-domiciled global reinsurer, reported an insurance service profit of $102 million for the first quarter of the fiscal year (January to March 2025), up $28 million from $74 million in the same period a year earl...
Posted: Aug 08, 2025
Insurance Business Magazine - US
Posted: Aug 08, 2025
Connecticut-based Smith Brothers Insurance announced it acquired Moscato & Associates of Ithaca, New York on August 1, 2025. Moscato & Associates, an independent agency specializing in employee benefits, individual health, and Medicare, will...
Posted: Aug 08, 2025
RALEIGH, N.C. (AP) — Individuals in central North Carolina counties whose homes and belongings were damaged by massive rains last month from Tropical Storm Chantal can now seek state-funded financial grants for temporary assistance. The aid for resid...
Posted: Aug 08, 2025
COLUMBIA, S.C. (AP) — Two deputies shot and injured in a training exercise in South Carolina were wounded by ammunition taken from a plastic bag in a desk drawer and not property tested to see if they were blanks, a …
Posted: Aug 08, 2025
California-based insurance brokerage ALKEME announced its acquisition of Innovative Insurance Group, one of Virginia’s largest insurance agencies. This acquisition marks a significant expansion of ALKEME’s commitment to the East Coast, ac...
Posted: Aug 08, 2025
According to a newly released analysis by AM Best, a credit rating agency and data provider specialising in the insurance industry, the US homeowners insurance segment experienced significant financial pressure in the first quarter of 2025. Follow...
Posted: Aug 08, 2025
Homeowners Insurers...
Posted: Aug 08, 2025
White Mountains has released the second quarter of 2025 results for its property and casualty re/insurance segment Ark/WM Outrigger, revealing gross written premiums (GWP) of $815 million, with a combined ratio of 84%. GWP in Q2 2025 increased com...
Posted: Aug 08, 2025
HDI Global, an international provider of commercial and specialty insurance, has appointed Nils Langrehr as Head of Power Underwriting within its cross-division Energy & Power Unit. The new role has been introduced as part of the company’s bro...
Posted: Aug 08, 2025
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported a net profit of ₹1,752 crore for the first quarter ended June 30, 2025, up around 69% compared to the same period of the previous financial year. GIC...
Posted: Aug 08, 2025
Insurance holding company Ambac Financial Group, Inc. has announced its financial results for the second quarter of 2025, reporting total revenues from continuing operations of $55 million, an 8% increase from the $51 million in Q2 2025, and a 110...
Posted: Aug 08, 2025
The Great Barrier Reef has experienced its greatest annual loss of live coral across most of its expanse in four decades of record-keeping, Australian authorities say. But due to increasing coral cover since 2017, the coral deaths — caused mainly ...
Posted: Aug 08, 2025
MS Amlin Underwriting Limited (AUL), the Lloyd’s global insurer and reinsurer and Managing Agent of Syndicate 2001, reported a net income of £15 million for the first quarter of the fiscal year, up 36.36% from £11 million in the same period last y...
Posted: Aug 08, 2025
Ontario Teachers’ Pension Plan has signed a definitive agreement to sell its stake in Diot-Siaci, a Paris-based corporate insurance brokerage group, to French private equity firm Ardian. Financial details of the deal were not disclosed. As a lo...
Posted: Aug 08, 2025
Joachim Wenning, Chief Executive Officer (CEO) of global reinsurer Munich Re, said this morning that there is no soft market in property catastrophe reinsurance, rather the period of no major losses for reinsurance companies is over. Addressing th...
Posted: Aug 08, 2025
Aspen Insurance has continued to deliver a strong underwriting performance in Q2 2025, achieving a net combined ratio of 85.1% and underwriting income of $100 million. In the firm’s Insurance Segment, underwriting income in Q2 2025 was $44 m...
Posted: Aug 08, 2025
Kingstone Companies Inc., headquartered in Kingston, New York, appointed Randy L. Patten as chief financial officer (CFO), effective August 25. Patten joins Kingstone Companies, Inc. from NEXT Insurance Inc., where he most recently served as vice pre...
Posted: Aug 08, 2025
Africa Re, in collaboration with the Livestock Productivity and Resilience Support Project (L-PRES), a consortium of insurance providers, and development partners, has launched an Index-Based Livestock Insurance (IBLI) product in Nigeria. The prod...
Posted: Aug 08, 2025
Amiga Specialty, the recently launched specialty managing general agent (MGA) has announced its expansion into the Asia Pacific market with the launch of a new Hong Kong operation, which is to be led by Ralph Sherbahn as Managing Director of Finan...
Posted: Aug 08, 2025
An Australian regulator has sued Optus, alleging the Singapore Telecommunications-owned carrier breached privacy laws during a 2022 cyber attack that compromised the personal data of millions of customers, both parties confirmed on Friday. Optus, one...
Posted: Aug 08, 2025
Munich Re, one of Europe’s big four reinsurers, has confirmed its record-breaking profit of €2.1 billion for the second quarter of 2025, although for the first half of the year profit fell 15% to a still strong €3.2 billion, as the firm repo...
Posted: Aug 08, 2025
Global miners BHP Group and Vale have offered around $1.4 billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil’s worst-ever environmental disasters, the Financial Times reported on Thursday. The lawsuit stems fro...
Posted: Aug 08, 2025
French wine makers have seen extensive damage to vines that were almost ready to be harvested after the worst fires in more than 70 years burned through the south of the country. “The situation is catastrophic”, Franck Saillan, general se...
Posted: Aug 08, 2025
Insurance and reinsurance broking group WTW has announced the appointment of Allan Stierle as Head of M&A Latin America at FINEX Global. In this role, Stierle will lead and develop the M&A practice in Latin America while supporting the com...
Posted: Aug 08, 2025
Two experts on autonomous vehicle safety recently dove into legal arguments and engineering factors that shaped last week’s landmark jury decision against Tesla, at one point surfacing an important takeaway about insurance for Tesla drivers. &#...
Posted: Aug 08, 2025
Highstreet Insurance Partners, an insurance agency headquartered in Michigan, has secured $550 million in new capital to continue its acquisition-focused growth strategy and expand its operations in local markets. The funding, structured as a dela...
Posted: Aug 08, 2025
Surplus lines sector continues to grow with mid-year premium reaching $46.2 billion from the 3.7 million items filed so far in 2025, according to data from U.S. surplus lines service and stamping offices in 15 states. These figures represent a …...
Posted: Aug 08, 2025
The Roman Catholic Diocese of Trenton, New Jersey has voluntarily withdrawn its lawsuit against four liability insurers over coverage for sexual abuse claims brought against the diocese under the New Jersey Child Victims Act. The diocese sued in Febr...
Posted: Aug 08, 2025
A retired federal judge will help decide the fate of thousands of Johnson & Johnson baby powder cancer lawsuits even though her law firm represents the drugmaker in other matters. Freda Wolfson was appointed earlier this summer to re-examine how...
Posted: Aug 08, 2025
Pennsylvania law enforcement officials have charged 13 people in a scheme of reselling luxury autos stolen from Florida. Attorney General Dave Sunday said the central Pennsylvania-based criminal enterprise involved “vehicle title-washing”...
Posted: Aug 08, 2025
Ben Tuna is good at transforming rusted-out, patina-eaten wrecks into art. For the past few months, in a nondescript stucco warehouse on a sleepy street in Glendale, California, he has used stained-glass salvaged from sanctuary tableaus to rebuild th...
Posted: Aug 08, 2025
Crest Insurance Group hired Easton Gibbs as a commercial lines broker. He most recently served as a screening solutions specialist at Exact Sciences. Gibbs previously played professional football with the Seattle Seahawks and the Pittsburgh Steelers....
Posted: Aug 08, 2025
Gallagher Re, a reinsurance broker and advisor, has recently announced the appointment of Dave Brune as Executive Vice President (EVP) within its Program Solutions division. In this role, Brune will be responsible for shaping and executing the fir...
Posted: Aug 08, 2025
Nearly 45,000 Vehicles Damaged By Floods in Mid-Year Storms Used car buyers are being warned t...
Posted: Aug 07, 2025
CSU Maintains Above-Average Atlantic Hurricane Season Expected Researchers at Colorado State University continue to...
Posted: Aug 07, 2025
InsurTech Investment Hits $60B Milestone But Pales AI Figure...
Posted: Aug 07, 2025
Mercury Insurance and Safeco Insurance to Transition California Customers and Agents Mercury Insurance is partner...
Posted: Aug 07, 2025
Real-time insights from Ting sensor network will enable faster, automated parametric payouts for business interruption losses.
Posted: Aug 07, 2025