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Ping An introduces AI-powered “EagleX” to strengthen climate risk management worldwide

Reinsurance News

Ping An Insurance (Group) Company of China, Ltd., an integrated financial services providers with a presence in insurance, banking, and asset management, has launched the international edition of its risk mitigation platform, “EagleX,”...

Posted: May 27, 2025

D&O Insurance Market Sees Best Loss Ratio in Over a Decade Despite Premium Decline

Risk & Insurance

Complex risk landscape facing corporate executives could bring new risks to D&O insurers, AM Best reports. The post

Posted: May 27, 2025

Ortiz joins Gallagher’s global aerospace practice as US Head of Aerospace Claims

Reinsurance News

Insurance and reinsurance brokering group Gallagher has announced the appointment of Sherry J Ortiz as US Head of Aerospace Claims in its global aerospace practice, a role based in the US. Ortiz is a qualified pilot with a proven track record mana...

Posted: May 27, 2025

‘Big Beautiful’ Tax Breaks for Insurance Agents in Bill Passed by House, Says Big I

Carrier Management

‘Big Beautiful’ Tax Breaks for Insurance Agents in Bill Passed by House, Says Big I The Independent Insurance Agen...

Posted: May 27, 2025

Russian Hackers Target Western Firms Shipping Aid to Ukraine, US Intelligence Says

Insurance Journal

Hackers working for Russian military intelligence targeted Western technology and logistics companies involved in shipping assistance to Ukraine, the U.S. National Security Agency said. The hackers were trying to obtain details about the type of assi...

Posted: May 27, 2025

Venbrook promotes Jeff Lang to President, Retail P&C

Reinsurance News

Venbrook Group, LLC, an independent insurance distribution and services firm in the US, has promoted Jeff Lang to the newly created position of President, Retail Property & Casualty. In his new role, Lang will continue the successful growth mo...

Posted: May 27, 2025

FTC Nixes Antitrust Lawsuit Against PepsiCo Over Pricing

Insurance Journal

PepsiCo Inc. scored a major legal victory Thursday after the three members of the US Federal Trade Commission voted unanimously to dismiss an antitrust lawsuit that was filed at the very end of the Biden Administration. The FTC sued Pepsi …

Posted: May 27, 2025

India Debuts New Weather Model to Help Farming, Flood Planning

Insurance Journal

The southwest monsoon’s early arrival in India this year is good news for crops, but exactly when, where, and how much rain will fall over the next few months are still difficult questions to answer. To help solve that dilemma, …

Posted: May 27, 2025

Norwegian Man Awakes to Discover Grounded Cargo Ship Narrowly Missed His Home

Insurance Journal

A Norwegian man awoke to find that a cargo ship had run aground and narrowly missed crashing into his home along the Trondheim Fjord’s coast. Johan Helberg told Norwegian broadcaster NRK that he’d slept through the whole thing and only &#...

Posted: May 27, 2025

Markets/Coverages: BHSI Expands Executive & Professional Lines Cover in Italy

Insurance Journal

Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of miscellaneous Professional Indemnity and Public Offering of Securities Insurance in Italy. These new policies follow the launch of BHSI’s proprietary Directors & Of...

Posted: May 27, 2025

More Tornadoes, Fewer Meteorologists Make for a Dangerous Mix

Insurance Journal

As nasty tornadoes popped up from Kansas to Kentucky, a depleted National Weather Service was in scramble mode. The agency’s office in Jackson, Kentucky, had begun closing nightly as deep cuts by Elon Musk’s Department of Government Effic...

Posted: May 27, 2025

Underwriting Concerns About Solar? Insurer Certifies Panels for Hail, Fire Resistance

Insurance Journal

While some insurance companies in Florida and beyond have balked at writing properties with rooftop solar panels, FM Global says it has pioneered an idea that may help – a testing system that certifies panels for fire and hail resistance. …

Posted: May 27, 2025

Connecticut Lawmakers Nix Costly Workers’ Comp Change Opened by High Court

Insurance Journal

Connecticut lawmakers last week moved swiftly to plug what could have been a very costly loophole in workers’ compensation benefits that was created by a state Supreme Court decision in March. The lawmakers effectively invalidated the high cour...

Posted: May 27, 2025

Connecticut Lawmakers Close Costly Workers’ Comp Loophole Opened by Court

Insurance Journal

Connecticut lawmakers last week moved swiftly to plug what could have been a very costly loophole in workers’ compensation benefits that was created by a state Supreme Court decision in March. The lawmakers effectively invalidated the high cour...

Posted: May 27, 2025

Urban Fires Can Mean Long Trips for Helicopters to Get Water. A California Firefighter Had An Idea

Insurance Journal

Mark Whaling and a crew raced up and down a hill in a tanker truck as they battled a wildfire in Los Angeles County, scrambling to get water from a street hydrant in time to stay ahead of flames moving …

Posted: May 27, 2025

Urban Fires Spark California Firefighter’s Idea to Get Quicker Water for Helicopters

Insurance Journal

Mark Whaling and a crew raced up and down a hill in a tanker truck as they battled a wildfire in Los Angeles County, scrambling to get water from a street hydrant in time to stay ahead of flames moving …

Posted: May 27, 2025

MSITB and MSIG Thailand expand Thailand bancassurance with Bank of China & CPIC partnership

Reinsurance News

Mitsui Sumitomo Insurance Thailand Branch (MSITB) and MSIG Thailand have partnered with Bank of China (BOC Thai) and China Pacific Insurance (CPIC), to expand a strategic bancassurance alliance in Thailand. Having signed a Memorandum of Understand...

Posted: May 27, 2025

New Hampshire to Pay $2.25M to Mother of 5-Year-Old Killed by Father

Insurance Journal

New Hampshire has agreed to pay $2.25 million to the mother of Harmony Montgomery, a 5-year-old girl whose father was convicted of murdering her. Crystal Sorey filed a negligence lawsuit against the state last May accusing social workers of ignoring...

Posted: May 27, 2025

Massachusetts Firm to Pay $11M for Dumping Contaminated Fill in Rhode Island

Insurance Journal

Rhode Island’s top legal chief announced last week that a Massachusetts construction company has agreed to pay $11 million to settle criminal charges that it illegally dumped thousands of tons of contaminated fill in the Ocean State’s cap...

Posted: May 27, 2025

Data-Driven Safety Solutions Emerge as Answer to Commercial Auto Insurance Crisis

Risk & Insurance

As repair costs and dangerous driving behaviors push premiums higher, monitoring programs demonstrate significant reductions in violations and claims severity, reports SambaSafety. The post

Posted: May 27, 2025

Relm Insurance Names Rob Thomas Chief Information Security Officer

IIR

Thomas will oversee cybersecurity strategy and regulatory compliance as Relm expands globally.

Posted: May 26, 2025

Eleos Life Enters U.S. Market with Embedded Insurance Offering

IIR

The U.K.-based digital insurer launches term life and disability products through U.S. platform partnerships.

Posted: May 26, 2025

New York City Employee Killed in Sewage-Boat Explosion on Hudson River

Insurance Journal

An explosion on a boat carrying raw sewage that was docked on the Hudson River in New York City killed a longtime city employee Saturday, authorities said. Another worker on the city-owned Hunts Point vessel was injured and taken to …

Posted: May 26, 2025

AI Can Slash Insurance Fraud

Insurance Thought Leadership

AI Can Slash Insurance Fraud PaulCarroll Mon, 05/26/2025 - 17:17 Only tax evasion exceeds insu...

Posted: May 26, 2025

Slide files for IPO

coverager

Andrews leads the strategic planning, development and implementation of critical business systems.

Posted: May 26, 2025

Australia’s East Coast Begins Flood Cleanup as Waters Recede

Insurance Journal

Australia has drafted in emergency service teams from across the nation to help with clean-up operations after devastating floods in the eastern state of New South Wales. Almost 200 additional personnel will take up specialist roles including water r...

Posted: May 26, 2025

Matching Talent and Tech Imperatives in a Brave New World

IIR

As carriers enter mid-year planning, shifting demographics and uneven technology lifecycles demand more nuanced approaches to workforce management, HR models, and system modernization.

Posted: May 25, 2025

Dissecting the McKinsey Report for Profitability in P&C

Insurance Journal

This post is part of a series sponsored by AgentSync. P&C market summary It’s no secret the property and casualty (P&C) market is full of struggle. After years of premium increases and market withdrawals, the right sizing of risk-to-pro...

Posted: May 25, 2025

IBHS FORTIFIED Program Could Have Saved Insurers $116.1M in Hurricane Sally Losses

Carrier Management

IBHS FORTIFIED Program Could Have Saved Insurers $116.1M in Hurricane Sally Losses New data indicate...

Posted: May 23, 2025

California And 10 Other States Launch Clean Cars Coalition Following Senate Vote

Insurance Journal

California is joining an 11-state coalition to advance clean vehicles in response to a vote by the U.S. Senate to revoke California’s authority to set its own clean air standards. The Affordable Clean Cars Coalition was formed to push the &#823...

Posted: May 23, 2025

California, 10 Other States Launch Clean Cars Coalition Following Senate Vote

Insurance Journal

California is joining an 11-state coalition to advance clean vehicles in response to a vote by the U.S. Senate to revoke California’s authority to set its own clean air standards. The Affordable Clean Cars Coalition was formed to push the &#823...

Posted: May 23, 2025

California Brokerage Executive to Plead Guilty to Illegal Campaign Contributions

Insurance Journal

An insurance brokerage executive in California plead guilty to breaking federal campaign laws by making contributions illegally to a joint fundraising committee. According to the U.S. Department of Justice’s Central District of California offic...

Posted: May 23, 2025

Protected: Building a Successful Telematics Program: Keys to Implementation, Benefits, and Vendor Se...

Risk & Insurance

There is no excerpt because this is a protected post. The post Protected: Building a Successful Te...

Posted: May 23, 2025

People Moves: Jenks Named President of JH Blades; Gonzales Joins Alliant Healthcare

Insurance Journal

Starwind Specialty Insurance Services named Graham Jenks the president of JH Blades Group, which encompasses JH Blades Energy, JH Blades Marine, Southern Marine and Energy Technical Underwriters (ETU). JH Blades is a specialty platform of Starwind Sp...

Posted: May 23, 2025

 DEFENSE COST RECOUPMENT

Rough Notes

Never an easy answer for a fraught question There may be nothing more awkward for an agent or broker than to find a client being sued by an insurer the producer recommended to protect the client from lawsuits. By Joseph S. Harrington, CPCU There’s a...

Posted: May 23, 2025

Shareholders of Swiss Insurers Helvetia and Baloise Approve Merger

Insurance Journal

The shareholders of the Swiss insurers Helvetia Holding Ltd. and Baloise Holding Ltd. approved the merger to form Helvetia Baloise Holding Ltd., at their respective extraordinary general meetings. Upon the closing of the merger, Helvetia Baloise will...

Posted: May 23, 2025

Don’t Miss Out: Enter Now for Insurance Journal’s Top 100 P/C Agencies Ranking

Insurance Journal

The deadline to submit for Insurance Journal’s Top 100 Agencies and Top Agency Partnerships ranking is approaching! We hope that you will consider entering your firm for Insurance Journal’s 2025 Top 100 independent property/casualty insur...

Posted: May 23, 2025

Aon promotes Reeve-Tucker to head of fac reinsurance for Latin America

Reinsurance News

Global insurance and reinsurance broker Aon has announced the appointment of Luke Reeve-Tucker as head of facultative reinsurance for Latin America, effective May 27, 2025. In this expanded role, he will continue to lead Caribbean facultative rein...

Posted: May 23, 2025

2025 Hurricane Season Outlook: NOAA Predicts 60% Chance of Above-Normal Activity

Risk & Insurance

New technology deployments and extended forecast capabilities aim to improve storm tracking as experts anticipate 3-5 major hurricanes during continued "high activity era." The post

Posted: May 23, 2025