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People Moves: Big I New York Elects Gonyo as Board Chair and 4 Regional Directors

Insurance Journal

Big I New York, the trade association for independent insurance agents in New York, elected Kelly Gonyo as chair of the board for the 2025–2026 term. Gonyo is the founder and president of Blue Line Insurance Agency, headquartered in Lake …

Posted: May 23, 2025

Pacific Northwest Drivers Think They’re Safe, But Aren’t So Sure About Others

Insurance Journal

A recent survey of Pacific Northwest drivers reveals a disconnect between self-perception and well they think other drivers are doing, particularly concerning speeding in residential neighborhoods. Nearly all (87%) of respondents in a poll conducted...

Posted: May 23, 2025

EmpowerHER Gathers Women Insurance Leaders Ahead of IHS2025

IIR

The event focused on connection, reflection, and long-term career growth for women across the insurance industry.

Posted: May 22, 2025

How to Insure a Truck-Mounted Drill Rig

IA Magazine

A commercial insured needs to coordinate between a business auto policy and an inland marine policy to cover a a water well drill rig permanently mounted on a Peterbilt truck.

Posted: May 22, 2025

CUFG Embeds Sure’s Digital Quoting Engine to Serve Members More Seamlessly

IIR

Credit Union Financial Group creates SimpleQuote to close the digital gap in insurance quoting, boosting speed, accuracy and access.

Posted: May 22, 2025

Travelers’ Sardinha Presents Scalable Model for Embedded Innovation

IIR

Speaking at Insurance Innovators USA, the insurer’s Chief Innovation Officer outlines how collaboration, foresight and disciplined execution ensure lasting value.

Posted: May 22, 2025

Tangram launches crisis care coverage for education and social services

coverager

The policy offers limits ranging from $1 million to $5 million.

Posted: May 22, 2025

Kota raises $14.5 million

coverager

The raise brings Kota’s total funding to over $22 million.

Posted: May 22, 2025

Seeds raises $10 million

coverager

The startup has raised more than $15 million to date.

Posted: May 22, 2025

Cambridge Mobile Telematics Announces The Visionaries of Mobility Summit: Monaco

coverager

Cambridge, MA, May 20, 2025 — Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, today announced The Visionaries of Mobility Summit: Monaco. Held on Friday, July 18, 2025,...

Posted: May 22, 2025

Davies secures $370 million new senior credit facilities from Blackstone

coverager

The company seeks to accelerate its organic and M&A growth strategy.

Posted: May 22, 2025

Jeito Capital leads $65 million round in ReproNovo

coverager

The company, founded in 2021, operates out of Switzerland, Denmark, and Spain.

Posted: May 22, 2025

How Kingstone Modernized Claims Correspondence in Only 2.5 Months with Kyber

coverager

Learn how this forward-thinking pioneer in property and casualty insurance is strategically modernizing their claims workflow with Kyber — positioning itself for long-term scalability and efficiency.

Posted: May 22, 2025

Lemonade seeks 30% rate hike on Virginia homeowners

coverager

The insurer has operated in the market since February 2019.

Posted: May 22, 2025

Liberty Mutual Investments partners with Enable Ventures

coverager

The carrier generated premiums in 14 states, up from 3 in the same quarter last year. 

Posted: May 22, 2025

Get Ready for Another Busy Atlantic Hurricane Season

Insurance Journal

With warmer than normal ocean waters, forecasters are expecting yet another unusually busy hurricane season for the Atlantic. But they don’t think it will be as chaotic as 2024, the third-costliest season on record as it spawned killer storms B...

Posted: May 22, 2025

Captives to Remain Viable as Market Softens: RIMS Panel

Carrier Management

Captives to Remain Viable as Market Softens: RIMS Panel As commercial property insurance rates moderate, th...

Posted: May 22, 2025

State Farm Still Wants a 30% Rate Increase in California

Carrier Management

State Farm Still Wants a 30% Rate Increase in California State Farm is...

Posted: May 22, 2025

Musk: Hundreds of Thousands Self-Driving Teslas on US Roads by End of 2026

Carrier Management

Musk: Hundreds of Thousands Self-Driving Teslas on US Roads by End of 2026 Elon Musk said that he expects hundreds of thousands of self-driving Teslas will be on the road requiring no human intervention by the end of next year and that he is committe...

Posted: May 22, 2025

Eliminating Outdated Excise Tax on New Trucks Would Benefit Safety: ATRI

Carrier Management

Eliminating Outdated Excise Tax on New Trucks Would Benefit Safety: ATRI Repealing a century-...

Posted: May 22, 2025

FEMA Senior Officials to Exit as Trump Targets Agency

Carrier Management

FEMA Senior Officials to Exit as Trump Targets Agency The U.S. Federal Emergency Management Agency announced t...

Posted: May 22, 2025

AI Spots Suspicious Claims Earlier Than Traditional Approaches: Study

Carrier Management

AI Spots Suspicious Claims Earlier Than Traditional Approaches: Study Machine lear...

Posted: May 22, 2025

Senate Votes to Block California’s Rule to Ban Sale of New Gas-Powered Cars by 2035

Insurance Journal

The Senate voted on Thursday to block California’s first-in-the nation rule banning the sale of new gas-powered cars by 2035, moving to kill the country’s most aggressive effort to transition toward electric vehicles as President Donald T...

Posted: May 22, 2025

D.A. Says Former California Police Officer on Workers’ Comp Went to Festival, Skied

Insurance Journal

A former Westminster, California, police officer and her stepfather were charged in a large-scale workers’ compensation fraud case after an investigation revealed the officer collected more than $600,000 in disability payments while reportedly...

Posted: May 22, 2025

People Moves: Swingle Collins & Associates Names Curtis as President

Insurance Journal

Swingle Collins & Associates announced the appointment of Dan Curtis as President. Curtis will continue to foster a culture of growth and exceptional insurance services as he succeeds former president Mac Wesson, who will remain with the agency i...

Posted: May 22, 2025

People Moves: Willis Promotes Williamson as Canada Leader; HDI Global Taps RSA’s McDowell as Sales &...

Insurance Journal

This edition of International People Moves details appointments at Willis in Canada and HDI Global in London. A summary of these new hires follows here. Willis Promotes Williamson as Canada Leader Willis, a WTW business, announced the appointment of...

Posted: May 22, 2025

New Orleans Archdiocese to Pay $179M to Victims of Clergy Sexual Abuse

Insurance Journal

The Archdiocese of New Orleans agreed to pay nearly $180 million to victims of clergy sexual abuse under a settlement announced Wednesday, the latest in a string of settlements by the Catholic Church. The archdiocese, its parishes and several insurer...

Posted: May 22, 2025

Man Who Burned Down a Missouri Church Sentenced, Ordered to Pay $7M

Insurance Journal

A man who admitted in federal court to setting the fire that destroyed an eastern Missouri church has been sentenced to more than nine years in prison and ordered to pay the church nearly $7 million. The sentence for Christopher …

Posted: May 22, 2025

FEMA Senior Officials Exit as Trump Targets Agency

Insurance Journal

The U.S. Federal Emergency Management Agency announced the departure of 16 senior executives on Wednesday, a significant shakeup of its leadership ranks less than two weeks before the start of what is expected to be a busy hurricane season. Those &#8...

Posted: May 22, 2025

Property cat rates expected to fall ~10% at June 1 but market dynamics still favourable: KBW

Reinsurance News

KBW, an investment bank focused on insurance and reinsurance markets, has provided a detailed outlook on the upcoming June 1, 2025, reinsurance renewals, along with projections for the January 1, 2026 renewal season. According to KBW’s recent disc...

Posted: May 22, 2025

People Moves: Frankenmuth Insurance Appoints Ott Chief Legal Officer and Corporate Secretary; Brothe...

Insurance Journal

Frankenmuth Insurance Appoints Ott Chief Legal Officer and Corporate Secretary Frankenmuth Insurance, headquartered in Frankenmuth, Michigan, appointed Kelly Ott as chief legal officer and corporate secretary. Ott is the company’s top legal adv...

Posted: May 22, 2025

Insurance investment outsourcing hits $4.5trn, private markets see more interest: Clearwater Analyti...

Reinsurance News

In its latest report, Clearwater Analytics has disclosed that unaffiliated general account insurance assets under management (AUM) grew 24% year-over-year to a huge $4.5 trillion. The report, produced in partnership with DCS Financial Consulting a...

Posted: May 22, 2025

Corporate Nuclear Verdicts Surged to New Record High in 2024, Report Says

Insurance Journal

Nuclear verdicts against corporate defendants reached a record high in 2024, led by cases involving products liability and intellectual property, according to a new report from research firm Marathon Strategies. The number of nuclear verdicts—those t...

Posted: May 22, 2025

NCDOI Fines Builders Mutual for Repeat Violations in Commercial Auto

Insurance Journal

Builders Mutual Insurance and its subsidiary, Builders Premier, have agreed to pay a $39,000 penalty after a North Carolina market conduct examination again found issues with producer licensing, nonrenewals and subrogation recoveries. The Raleigh-bas...

Posted: May 22, 2025

Markets/Coverages: CFC Adds Cyber Proactive Response to More Industry Products

Insurance Journal

CFC said it has extended the benefits of its new Cyber Proactive Response (CPR) coverage to existing policies tailored for the digital health, fintech, and technology sectors, effective immediately. “Each of these sectors is a prime target for...

Posted: May 22, 2025

Protecdiv adds David Castillo as EVP, Head of Construction and Surety Solutions

Reinsurance News

Insurance and reinsurance broker Protecdiv has appointed David Castillo to the newly created role of Executive Vice President (EVP) and National Construction Practice Leader. In the role, Castillo will lead the strategic growth and development of...

Posted: May 22, 2025

Hiscox targets double-digit Retail premium growth by 2028

Reinsurance News

During its Capital Markets Day, specialist insurer Hiscox outlined its strategy to deliver attractive and sustainable returns for shareholders, stating that its ambition for the Retail segment is to accelerate premium growth to double digits by 20...

Posted: May 22, 2025

AM Best warns NOAA disaster data cutoff could hinder insurers’ response to secondary perils

Reinsurance News

AM Best, the credit rating agency, has issued a cautionary statement regarding the US National Oceanic and Atmospheric Administration’s (NOAA) decision to cease updates to its billion-dollar weather disaster database, warning that this move could...

Posted: May 22, 2025

Plane Crashes into San Diego Neighborhood, Setting Homes And Vehicles on Fire

Insurance Journal

A small plane crashed into a San Diego neighborhood during foggy weather early Thursday, setting about 15 homes on fire as well as vehicles, and forcing evacuations along several blocks, authorities said. “We have jet fuel all over the place,&#...

Posted: May 22, 2025