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Motion Specialty has been approved as a Lloyd’s of London coverholder, having been founded by Dan Alpay and Alex Kickham with the support of wholesale US broker Johnson and Johnson, and writing on behalf of Lloyd’s Syndicate 1301, managed by Inigo...
Posted: May 19, 2025
Protecdiv, headquartered in Philadelphia, Pennsylvania, hired David Castillo as executive vice president and national construction practice leader. In this newly created role, Castillo leads the strategic growth and development of Protecdiv’s c...
Posted: May 19, 2025
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the first quarter 2025 rose by 4.2%—down 22% from the last three months of 2024 and a “clear&#...
Posted: May 19, 2025
The Multibillion-Dollar Threat of Solar Flares Risk Management
Posted: May 19, 2025
At least 27 people have been killed by storms systems that swept across part of the U.S. Midwest and South, with Kentucky Gov. Andy Beshear announcing Saturday that 18 of the deaths came in his state and 10 others were …
Posted: May 19, 2025
After a “fantastic” 2024 underpinned by a progressive global buildout and impressive year-on-year growth across all key metrics, Andy Creed, Group Chief Financial Officer (CFO) and UK CEO of legacy acquirer RiverStone International, is “very posit...
Posted: May 19, 2025
LONDON, Ky. (AP) — More severe storms were expected to roll across the central U.S. this week following the weather-related deaths of more than two dozen people and a devastating Kentucky tornado. The National Weather Service said a “multitude...
Posted: May 19, 2025
Canopius Group, a global specialty and P&C insurer and reinsurer, has appointed Chen Zhang as Head of Claims and Channing Chiu to a newly created role of Regional Strategy and Transformation Lead in its Asia Pacific (APAC) leadership team. Zha...
Posted: May 19, 2025
Capital One has agreed to pay $425 million to settle nationwide litigation accusing it of cheating savings account depositors out of much higher interest rates by not telling them they could move their money to higher-yielding accounts. A notice desc...
Posted: May 19, 2025
KISTERS has launched HailSens360 across Europe, combining real-time hail sensors with hyperlocal forecasts and nowcast alerts to protect solar, crops, and insured assets. According to KISTERS, HailSens360 brings together advanced hail detection, h...
Posted: May 19, 2025
Medium-Sized Accounts Experience Largest Decrease While Third-Party Litigation Funding Impacts Casualty Lines, CIAB research finds. The post
Posted: May 19, 2025
EPA to Rollback Limits on ‘Forever Chemicals’ in Drinking Water The Environmental Protec...
Posted: May 19, 2025
U.S. House Bill Reintroduced to Rid Federal Insurance Office of Subpoena Power Rep. Scott Fitzgerald on May 15...
Posted: May 19, 2025
What Consumers Think—and Who’s Shopping for Ins...
Posted: May 19, 2025
Lloyd’s Has ‘Laser Focus’ on Oversight of Coverholders to Proactively Avoid Mark...
Posted: May 19, 2025
Concert Group Holdings (Concert), a privately owned insurance holding company, has appointed Charles Slatery as Chair of the Group, and industry veteran Matthew Adams as an Independent Non-Executive Director to the Board. Slatery is currently the...
Posted: May 19, 2025
Google Cloud has expanded its Risk Protection Program (RPP) to more than 30 markets across EMEA and has added new cyber insurance partners, Beazley and Chubb, alongside founding partner Munich Re. Google Cloud’s RPP is said to blend cloud se...
Posted: May 19, 2025
Insurance and risk management is in a prime position to lead the charge in curbing gun violence, one tech tool at a time. The post
Posted: May 19, 2025
CyberCube, a provider of cyber risk analytics, has partnered with US insurer Aviva to harness artificial intelligence (AI) for cyber threat actor intelligence. This partnership will see Aviva use CyberCube’s ‘Portfolio Threat Actor Intelligence’ s...
Posted: May 19, 2025
CLP Holdings Ltd.’s EnergyAustralia — one of the nation’s “big three” energy companies — apologized to customers for the marketing of its carbon offsetting products. The apology was part of a settlement with advocacy organizat...
Posted: May 19, 2025
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Liberty Mutual Insurance Group, has partnered with XS Latam and SFA CEBAR to launch a parametric agriculture product designed to financially protect Colombian farmers against adverse clima...
Posted: May 19, 2025
Britain’s Anglian Water was fined 1.4 million pounds ($1.9 million) over drinking water contamination, in the latest scandal in an industry which is facing a public backlash over environmental failures and rising bills. The government has launc...
Posted: May 19, 2025
Even before Coinbase Global Inc. disclosed that hackers had stolen the home addresses and account balances of its customers, Jethro Pijlman was seeing an uptick in interest from concerned clients with large crypto holdings who were looking for bodygu...
Posted: May 19, 2025
Life and health reinsurer Pacific Life Re has appointed Kenichi Kim as Head of South Korea, overseeing its growth and operations in the region. Kim brings over 15 years of experience in financial services and reinsurance, having held roles across...
Posted: May 19, 2025
Russia detained a Greek-owned oil tanker on Sunday after it left an Estonian Baltic Sea port, the Estonian Foreign Ministry said, adding it had alerted NATO allies to the incident. The Liberia-flagged ship Green Admire was leaving Sillamae port using...
Posted: May 19, 2025
AM Best, the credit rating agency, is maintaining its stable outlook for Japan’s non-life insurance industry, reflecting improved underwriting fundamentals, especially in the fire insurance segment, and the positive impact of stronger regulatory o...
Posted: May 19, 2025
As commercial property insurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away. A panel of experts discussed the state and evolution of the captive sphere during a presentation at the RIMS Ri...
Posted: May 19, 2025
Launch Underwriters, a Managing General Agent (MGA), has appointed Dennis Sparks as its new Chief Executive Officer (CEO), effective May 5th, 2025. Alongside this, Erik W. Matson will now serve as Executive Chairman. In the new role, Sparks aims t...
Posted: May 19, 2025
The head of the upstart Texas Stock Exchange said the state is making a serious play to reshape the US financial landscape, using new pro-business laws and a proposed ban on trading taxes to take on longtime power centers on …
Posted: May 19, 2025
The total volume of products recalled from key industries surged by 25% in the first quarter, a new report shows. Sedgwick’s report out on Thursday the surge comes amid a marginal decline in U.S. product recall events, shows 775 recalls …
Posted: May 19, 2025
Consumer complaints about property-casualty insurers in Florida have more than doubled in the last five years and are on track to reach a new high in 2025, according to data provided by Florida regulators. Insurance industry insiders said the numbers...
Posted: May 19, 2025
Maine lawmakers last week rejected a measure that would have permitted followers of the Mennonite religion to self-insure for motor vehicle insurance. The Senate vote was 20-14 to detour the bill on May 13, while the House vote the next …
Posted: May 19, 2025
A Snohomish, Washington-based roofing company is facing more than $300,000 in state fines after a worker fell from a two-story home and was hospitalized. The Washington State Department of Labor & Industries cited Asset Roofing & Guttering In...
Posted: May 19, 2025
A federal judge dismissed Los Angeles Sparks forward Dearica Hamby’s lawsuit against the WNBA, but said her litigation against the Las Vegas Aces over alleged mistreatment because of her pregnancy could continue. Hamby filed the suit in August...
Posted: May 19, 2025
A federal judge dismissed Los Angeles Sparks forward Dearica Hamby’s lawsuit against the WNBA, but said her litigation against the Las Vegas Aces over alleged mistreatment because of her pregnancy could continue. Hamby filed the suit in August...
Posted: May 19, 2025
Insurance Australia Group (IAG) has entered a strategic alliance with The Royal Automobile Club of Western Australia (RAC) to provide general insurance products and services for RAC members and Western Australians. The transaction includes IAGR...
Posted: May 19, 2025
A Mexican naval vessel carrying 277 people scraped the bottom of the Brooklyn Bridge on Saturday evening, leaving two crew members dead. The tall ship Cuauhtémoc “lost power and crashed into the Brooklyn Bridge,” New York City Mayor Eric...
Posted: May 18, 2025
By Allen Laman Parametric insurance experts don’t see the coverage replacing traditional insurance. But how are the specialized products currently used–and how could their adoption expand in the future? Ten East Carolina students research...
Posted: May 18, 2025
As consumers embark on a non-stop quest to find those perfect, Instagram-able moments, wineries and breweries are responding. Today, beer and wine tourists can step out of the taproom and sip Chardonnay by the pool, listen to live music, and …
Posted: May 18, 2025
Last month’s column discussed the reasons to perpetuate a firm, the four common techniques to transfer ownership, pros and cons, and some options for internal perpetuation. This month we conclude with the remaining most popular options used by...
Posted: May 18, 2025
By Elizabeth Blosfield As cyber insurance rates have begun to stabilize, insurance carriers are seeking more diversification to fuel their underwriting and growth strategies, according to panelists at this year’s PLUS Cyber Symposium in New Yor...
Posted: May 18, 2025
Technology is playing a bigger role in entertainment than ever before. Today’s film and television industry is becoming more digitized in production, in particular, with physical risks being replaced by digital risks. “We’re seeing...
Posted: May 18, 2025
Too many insurance agents lose out on lucrative opportunities by quoting only half of the business available to them. For the typical new agency owner, focusing on personal lines makes sense because it’s easier and more familiar. However, ignor...
Posted: May 18, 2025
The relationship between insurance agents, brokers, and carriers is vital to the successful operation of the insurance industry. At its core, this partnership rests on the agency agreement, trust, and clear communication. The Agency Agreement: Defini...
Posted: May 18, 2025
The boundaries between work and home have never been blurrier. The shift to remote and hybrid environments brought flexibility, but for insurers and employers alike, it also introduced a new exposure: harassment claims in the virtual workplace. Accor...
Posted: May 18, 2025
One of my favorite recent additions to our Academy of Insurance catalog has been our How To Write series. We have used this series of sponsored content to highlight niche markets so agents can be exposed to what makes for …
Posted: May 18, 2025
In a climate of rapid, often unforeseen change, leaning into uncertainty and adapting quickly is not easy but is always advantageous. For businesses to respond to challenges and harness opportunities for growth and development, understanding risk dri...
Posted: May 18, 2025
Everyone knows that an ISO Commercial General Liability (CGL) policy does not cover the use of autos other than some limited coverage such as accidents arising from, for example, valet parking on or next to owned or rented premises. And, …
Posted: May 18, 2025
Call it a mid-life crisis. A “come-to-Jesus” moment. Corporate existential angst. It was early 2022, and our organization–Insurance Agents & Brokers (IA&B), the association for independent insurance agencies in Pennsylvania,...
Posted: May 18, 2025
Auto insurance rates are finally leveling out, but drivers still continue to shop for better deals. According to a new J.D. Power 2025 U.S. Insurance Shopping Study, the rate of U.S. auto insurance premium price increases slowed to less than …
Posted: May 18, 2025