All Posts

Wildfire Legislation Heating Up in The Senate

IA Magazine

Momentum has been building in the U.S. Senate where several new bipartisan proposals aim to improve forest management, reduce wildfire risks and strengthen disaster resilience.

Posted: May 07, 2025

Farmers and Mechanics Mutual Adopts ZestyAI for Property Risk Insights

IIR

FMIWV has partnered with ZestyAI to enhance underwriting accuracy, reduce inspection costs, and improve pricing precision using AI-powered property data.

Posted: May 07, 2025

Wildfire Legislation Heating Up in the Senate

IA Magazine

Momentum has been building in the U.S. Senate where several new bipartisan proposals aim to improve forest management, reduce wildfire risks and strengthen disaster resilience.

Posted: May 07, 2025

SAS Expands AI Portfolio with Digital Twins and Quantum Tools

IIR

At Innovate 2025, SAS outlines advances in immersive simulation, agentic AI, and quantum computing, along with new Viya platform features and governance solutions.

Posted: May 07, 2025

SBLI Adopts Swiss Re CARE to Speed Life Insurance Claims

IIR

The insurer has implemented Swiss Re’s automated claims engine to expedite and simplify payouts for beneficiaries.

Posted: May 07, 2025

CLARA Analytics Launches AI Tool to Detect Subrogation Claims

IIR

The company has added automated subrogation and risk transfer detection to its Triage platform to help insurers identify missed recovery opportunities.

Posted: May 07, 2025

Auto Insurance Market Stays Rational Despite Improved Trends, Says Allstate

Carrier Management

Auto Insurance Market Stays Rational Despite Improved Trends, Says Allstate Allstate Corp. CEO Tom Wil...

Posted: May 07, 2025

JD Power: Drivers Keep Shopping Even as Auto Insurance Price Increases Slow

Carrier Management

JD Power: Drivers Keep Shopping Even as Auto Insurance Price...

Posted: May 07, 2025

Florida Jury Awards Man $3M for Defective Airbag that Caused Serious Injury During Crash

Carrier Management

Florida Jury Awards Man $3M for Defective Airbag that Caused Serious Injury During Crash A South Florid...

Posted: May 07, 2025

University of Pennsylvania Atlantic Hurricane Forecast Calls for Average Season

Carrier Management

University of Pennsylvania Atlantic Hurricane Forecast Calls for Average Season Universit...

Posted: May 07, 2025

Amazon’s Zoox Agrees to Software Recall After Las Vegas Robotaxi Crash

Carrier Management

Amazon’s Zoox Agrees to Software Recall After Las Vegas Robotaxi Crash...

Posted: May 07, 2025

esure launches new app

coverager

The app is available across iOS and Android.

Posted: May 07, 2025

Markel launches Clinical Trials products

coverager

The new clinical trials offering provides comprehensive cover to sponsors, researchers and participants throughout all phases of clinical research.

Posted: May 07, 2025

SBLI expands partnersip with Swiss Re

coverager

SBLI has introduced a new advancement to its claims experience.

Posted: May 07, 2025

Colorado Committee Kills Homeowners Insurance Bill to Control Costs Through 1% Charge

Insurance Journal

A Colorado bill to impose a 1% charge on homeowners insurance policies died in a committee in state Legislature this week. The Senate Finance Committee voted 6-2 to kill House Bill 1302, which was pushed by Gov. Jared Polis and …

Posted: May 07, 2025

Colorado Committee Kills Insurance Bill to Control Costs Through 1% Charge

Insurance Journal

A Colorado bill to impose a 1% charge on homeowners insurance policies died in a committee in state Legislature this week. The Senate Finance Committee voted 6-2 to kill House Bill 1302, which was pushed by Gov. Jared Polis and …

Posted: May 07, 2025

NTSB Says a Utility Wasn’t Marked Before a Deadly Natural Gas Explosion in Missouri

Insurance Journal

A deadly explosion that leveled one Missouri home and damaged two others happened after a subcontractor drilled into an unmarked underground gas main while installing fiber optic cable, the National Transportation Safety Board announced Monday. One p...

Posted: May 07, 2025

Midwest Carbon Dioxide Pipeline Could Face More Hurdles

Insurance Journal

A proposed carbon-capture pipeline that would traverse through several Midwestern states could face more hurdles in Iowa as a dozen Republican state senators try to force the issue to a vote. Summit Carbon Solutions already will likely have to readju...

Posted: May 07, 2025

American Airlines Sues Chicago Over O’Hare Gates for United

Insurance Journal

American Airlines Group Inc. sued the city of Chicago in a fight with rival United Airlines Holding Inc. over valuable gate space at O’Hare International Airport. The airport is a hub for both airlines, making it the only dual-hub airport &#823...

Posted: May 07, 2025

Texas Bill Would Put Restraints on Businesses Wanting to Tap Into Energy Grid

Insurance Journal

exas will need a lot more energy in the future. Driven largely by demand from businesses such as data centers and the oil and gas industry, the Electric Reliability Council of Texas, the state’s grid operator, predicts the state’s energy...

Posted: May 07, 2025

Britain to Face More Cyberattacks as AI Adoption Grows, Minister Says

Insurance Journal

The growth of AI will increase the number and sophistication of cyberattacks on Britain, senior minister Pat McFadden said on Wednesday. British companies, public bodies and institutions have been hit by a wave of cyberattacks in the past few years,...

Posted: May 07, 2025

California wildfire losses won’t drive SCOR’s price adjustments at midyear renewals: CEO

Reinsurance News

While the significant losses related to the California wildfires will impact the June/July reinsurance treaty renewals, they are not expected to be a major factor dictating SCOR’s overall price adjustments across its book of business, according to...

Posted: May 07, 2025

South Carolina Lawmakers Reach Agreement on Liquor Liability Relief Bill

Insurance Journal

With just two days left in South Carolina’s 2025 legislative session, House and Senate negotiators appear to have reached a compromise on a plan to ease liquor liability costs for struggling bars and restaurants. House Bill 3430 does not provid...

Posted: May 07, 2025

Rodrigo Jimenez appointed Asia Pacific Regional CEO at Allianz Trade

Reinsurance News

Allianz Trade, a provider of trade credit insurance, has announced that Rodrigo Jimenez will assume the role of Regional CEO for the Asia Pacific region on 1 October 2025. He will succeed Paul Flanagan, who is retiring after a distinguished 34-yea...

Posted: May 07, 2025

Insurance Professionals Benefit from Two-Day CPCU Society Leadership Event

Risk & Insurance

The CPCU Society’s In2Leadership event provides two days of leadership education and networking for insurance professionals. The post

Posted: May 07, 2025

Nearly Quarter of People on Long-Acting Opioids Develop Addiction

Insurance Journal

More than one in five people prescribed extended-release painkillers such as OxyContin developed an addiction within a year, according to a newly released study mandated by the US Food and Drug Administration. The study, repeatedly delayed by more th...

Posted: May 07, 2025

RISKWORLD™ 2025 Coverage: A Focus on Insuring the Future of Energy

Risk & Insurance

The popular session debated the risk and resilience of the future of renewable energy and infrastructure. The post RISKWORLD™ 2025 Cove...

Posted: May 07, 2025

Apollo-Backed Aspen Insurance Guides IPO Price at Midpoint

Insurance Journal

Aspen Insurance Holdings Ltd. is telling prospective investors it expects to price its initial public offering at $30 per share, the midpoint of its price range, according to people familiar with the matter. The Bermuda-based reinsurer’s IPO, c...

Posted: May 07, 2025

American Financial Group reports Q1’25 net earnings of $154m

Reinsurance News

American Financial Group, Inc., a Cincinnati-based holding company specialising in insurance and financial services, has reported first-quarter 2025 net earnings of $154 million, compared to $242 million for the same period in 2024. This reflects...

Posted: May 07, 2025

Leadership changes aim to bolster broker business & digital transformation at MSIG Asia

Reinsurance News

MSIG Asia has announced leadership changes to accelerate its digital transformation and strengthen broker business. Adrian Hill will lead digital innovation, with Pearline Soh on digital marketing initiatives, while Enny will head efforts to enhan...

Posted: May 07, 2025

Clearwater Condo Building Evacuated After Support Beam Splits

Insurance Journal

Local authorities Tuesday evening ordered the evacuation of a condominium building in Clearwater, Florida, after cracks developed in a concrete support beam in the parking garage. The South Beach III condo building on Sand Key “is currently bei...

Posted: May 07, 2025

Hannover Re on ‘right track’ with 2024-2026 strategy: CEO

Reinsurance News

At his first Annual General Meeting (AGM) as Chief Executive Officer of Hannover Re, Clemens Jungsthöfel reaffirmed the company’s strong strategic direction for 2024–2026, highlighting its continued focus on profitable growth, robust capital stren...

Posted: May 07, 2025

Nonprofit D&O Insurance Market Shows Mixed Signals as New Challenges Emerge in 2025

Risk & Insurance

High-risk sectors face premium increases and coverage restrictions while new market entrants create competitive pricing for others, Gallagher reports. The post

Posted: May 07, 2025

Howden Re appoints Pascal Kahraman as Director of German broking team

Reinsurance News

Howden Re, the reinsurance division of broking group Howden, has appointed Pascal Kahraman as Director within the broking team in Germany, based out of the newly opened Munich office. Kahraman joins from industry giant, Munich Re, where he has ser...

Posted: May 07, 2025

NSO Group to Pay Nearly $168M to Meta’s WhatsApp for 2019 Hacking

Insurance Journal

A federal jury in California has ordered Israeli firm NSO Group to pay more than $167 million in punitive damages to Meta Platforms for installing malware on its WhatsApp messaging app six years ago. Spyware vendor NSO Group must pay …

Posted: May 07, 2025

White Mountains’ Ark/WM Outrigger segment posts GWP of $1.1bn for Q1’25

Reinsurance News

White Mountains has released the Q1 2025 results for its property and casualty re/insurance segment Ark/WM Outrigger, revealing gross written premiums of $1,108 million, net written premiums of $728 million and net earned premiums of $358 million,...

Posted: May 07, 2025