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Voters in Alaska, Missouri and Nebraska were asked last year whether they wanted to require employers to provide paid sick leave to their workers. They overwhelmingly said yes. Now some lawmakers in each of those states are trying to roll …
Posted: May 02, 2025
Texas Mutual Insurance Company announced that its board of directors voted unanimously to approve a $330 million general dividend distribution in 2025. Texas Mutual, the state’s top provider of workers’ compensation insurance will have di...
Posted: May 02, 2025
In a strong message to the US Senate Committee on Banking, Housing, and Urban Affairs, the Reinsurance Association of America (RAA) has called for policies that bolster a resilient, competitive private insurance market and reject expanded governme...
Posted: May 02, 2025
Insurance Business Magazine - US
Posted: May 02, 2025
Insurance Business Magazine - US
Posted: May 02, 2025
Even as auto insurance rates level out, drivers are still looking for a better deal. The rate of U.S. auto insurance premium price increases slowed to less than 2% at the end of 2024, down from 13% at the beginning …
Posted: May 02, 2025
At AM Specialty Insurance Co., Nishad Lad, head of data and software development, has been placed at the forefront of transforming the Dallas, Texas-based excess and surplus carrier’s claims processing with new technologies. His team has implem...
Posted: May 02, 2025
Norfolk Southern began making promises to East Palestine, Ohio, soon after its train derailed and caught fire in February 2023. The railroad said it would “make it right” after five tank cars of vinyl chloride were intentionally burned, s...
Posted: May 02, 2025
S&P Global Ratings, a provider of credit ratings and financial market insights, upgraded its outlook for MS Amlin AG (operating as MS Reinsurance) and MS Amlin Insurance SE (MS AISE) from “stable” to “positive.” This re...
Posted: May 02, 2025
Attendees of the RIMS’ Riskworld annual conference in Chicago will have an opportunity to meet a cohort of aspiring risk management professionals, who are participating in a global university competition. Teams from eight colleges around the wo...
Posted: May 02, 2025
Uber Technologies said on Thursday it will partner with self-driving technology startup May Mobility to deploy thousands of self-driving vehicles on its ride-hailing platform across U.S. cities, starting with Arlington, Texas, by late 2025. This adds...
Posted: May 02, 2025
In their financial results for the first quarter of 2025, Fairfax Financial Holdings has reported net earnings of $945.7 million, which compares to the $776.5 million seen in the first quarter of 2024. The company attributed its strong performance...
Posted: May 02, 2025
There is still significant uncertainty around the topic of tariffs and as the potential implications for insurers and reinsurers continues to evolve, in terms of what line of business and what part of the world, global carrier AIG is going to be p...
Posted: May 02, 2025
A new paper from Zurich calls out an “alarmingly bleak” outlook thanks to climate change driving the frequency and intensity of extreme weather and increasing the likelihood of natural catastrophes. However, the paper takes an optimistic...
Posted: May 02, 2025
J.P. Morgan, a financial services firm, is signalling that pricing pressure is beginning to take hold across the commercial insurance and reinsurance sectors. According to early Q1 2025 data analysed by the firm’s insurance research division, the...
Posted: May 02, 2025
In a first-of-its kind move, Hawaii lawmakers are ready to hike a tax imposed on travelers staying in hotels, vacation rentals and other short-term accommodations and earmark the new money for programs to cope with a warming planet. State leaders ...
Posted: May 02, 2025
AXIS Capital, a provider of specialty insurance and reinsurance solutions, outlined the potential impacts of tariffs on its operations during its Q1 2025 earnings call. CEO Vincent Tizzio emphasised that while the company anticipates various uncer...
Posted: May 02, 2025
Britain’s Marks & Spencer entered a second week unable to take online clothing and home orders on Friday following a major cyberattack, hitting sales of new season ranges as the country basks in record temperatures. Some 700 million pounds...
Posted: May 02, 2025
Ryan Specialty has reported total revenue of $690.2 million for Q1 2025, marking growth of 25% compared to the $552 million disclosed in Q1 2024. The firm attributed the increase mainly to 12.9% organic revenue growth from new and expanded client...
Posted: May 02, 2025
INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS No joy for surviving spouse Alan Stroud bought a 20-year term life policy with a $60,000 death benefit from Ozark National Life Insurance Company agent Gene Spoon...
Posted: May 02, 2025
INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS Liberal interpretation of pollution exclusion Seventeen-year-old Josiah Wheeler rented a cabin in Tok, Alaska, that was owned by Deborah Overly and Terry Summers....
Posted: May 02, 2025
Adult children and parents of young adults who died under medical care will soon be able to recover punitive and pain-and-suffering damages in medical malpractice lawsuits if Florida Gov. Ron DeSantis signs a bill into law. The Florida Senate approve...
Posted: May 02, 2025
During a Senate committee hearing focusing on insurance and loss mitigation efforts, industry representatives said the all levels of government play a role. “Where government regulation and infrastructure allow private, competitive, insurance,...
Posted: May 02, 2025
INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS Good news for roofer Thomas Napolitano, a roofing business owner, sought a judgment declaring that Ace American Insurance Company, a workers compensation carrier,...
Posted: May 02, 2025
Global insurer QBE is bolstering its Warranty and Indemnity (W&I) offering with the appointment of Alec Raeside as Underwriter, a London based role. Raeside, a qualified corporate solicitor, is joining QBE’s transactional liability team from i...
Posted: May 02, 2025
INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS Appraisal outcome freezes compensation 50 Exchange Terrace LLC sought to collect under a property policy with Mount Vernon Specialty Insurance Company (Mount Vern...
Posted: May 02, 2025
Xceedance, a provider of insurance consulting, technology, operations, and data solutions, has partnered with FurtherAI, a rapidly growing company specialising in AI Assistants designed for the commercial insurance sector. The collaboration aims t...
Posted: May 02, 2025
The latest people news in the industry today. The post Cody Griffin Appointed U.S. Head of Multinational Underwrit...
Posted: May 02, 2025
The outlook for the US motor insurance market in 2025 suggests rate deceleration in Personal Auto due to increased competition, alongside sustained social inflation challenges for Commercial Auto, according to Craig Nelson, Senior Treaty Underwrit...
Posted: May 02, 2025
The latest people news in the industry today. The post AXA XL Appoints Michelle Aliperti as Head of SME for Americas Cyber...
Posted: May 02, 2025
Global specialty insurance broker Ryan Specialty has completed the acquisition of USQRisk Holdings, LLC. Operating in New York and London, USQ underwrites non-traditional insurance risks. USQ’s operations will become a part of the alternative r...
Posted: May 02, 2025
Nicolas Papadopoulo, Chief Executive Officer (CEO) of re/insurer Arch Capital Group, believes the reinsurance market is more disciplined, noting that while rate decreases have been seen, they are from the peak of the market—and the sector remains...
Posted: May 02, 2025
The latest people news in the industry today. The post Willis Appoints Harry Merker as P&C Cross Industry and AAIS...
Posted: May 02, 2025
Liberty Mutual Insurance has announced a multiyear partnership with the New York Liberty women’s basketball team. As part of the partnership, the Liberty Mutual logo will be prominently displayed on all Liberty jerseys beginning with the 2025 s...
Posted: May 02, 2025
The latest people news in the industry today. The post EPIC Names Sean Jackson Managing Principal and Global Leader appeared first on
Posted: May 02, 2025
WTW, an advisory, broking, and solutions firm, stands to gain full managerial control of its United Arab Emirates (UAE) domiciled joint venture, Al-Futtaim Willis (AFW), following Al-Futtaim’s decision to sell its 51% stake in the company. T...
Posted: May 02, 2025
The recent cyberattack on M&S is not a UK-centric incident, with the DragonForce ransomware group rapidly emerging as one of the most dangerous threats in the cybersecurity domain globally, according to Rick Welsh, CEO of Killara Cyber. Killar...
Posted: May 02, 2025
Skyward Specialty Insurance Group reported net income of $42.1 million for the first quarter of 2025, up from $36.8 million in the same period of 2024. The company’s adjusted operating income for the quarter was $37.3 million, compared to $31 mill...
Posted: May 02, 2025
Acrisure Announces Rebranding of UK Retail Broker Sutton Winson Sutton Winson has officially become the first of Acrisure’s nine retail insurance brokers to rebrand in the UK and has been legally renamed as Acrisure UK Broking Ltd. Acrisure, th...
Posted: May 02, 2025
Reinsurance Group of America, Incorporated, a global provider of life and health reinsurance, has reported Q1 2025 net income of $286 million, or $4.27 per diluted share, compared with $210 million, or $3.16 per diluted share, in the prior-year qu...
Posted: May 02, 2025
World’s First Catastrophe-Bond ETF Falters in ‘Crazy’ Market The world'...
Posted: May 02, 2025
Global professional services firm Aon has appointed Anthony DiLorenzo as Head of US casualty for Reinsurance Solutions. DiLorenzo assumes the role from Amanda Lyons, who was appointed Aon’s global product leader for Reinsurance Solutions in May 20...
Posted: May 02, 2025
Global professional services firm Aon has appointed Anthony DiLorenzo as Head of US Casualty for Reinsurance Solutions. DiLorenzo assumes the role from Amanda Lyons, who was appointed Aon’s global product leader for Reinsurance Solutions in May 20...
Posted: May 02, 2025
Chubb, Zurich North America and National Indemnity have launched a new excess casualty facility that can offer up to $100 million in lead excess casualty insurance capacity on a claims-made basis for large national and multinational companies. Acc...
Posted: May 02, 2025