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Apple must pay a U.S. patent holder $502 million for the use of 4G patents in devices including iPhones and iPads, London’s Court of Appeal ruled on Thursday, in the latest stage of a long-running legal battle. Texas-based Optis Cellular …...
Posted: May 02, 2025
WTW, a global advisory, broking and solutions company, has announced the acquisition of CFS International Inc. (CFS), an US West Coast trade credit insurance company, into Willis. CFS was founded in 1990 and specialises in delivering trade credit...
Posted: May 02, 2025
London department store Harrods said on Thursday hackers had attempted to break into its systems, the third high-profile cyber attack on a UK retailer in two weeks, following incidents at Marks & Spencer and the Co-op Group. British companies, pu...
Posted: May 02, 2025
Global insurance broker A. J. Gallagher & Co. has reported net earnings of $708.9 million for Q1 2025, up from $612.7 million in Q1 2024, driven by improvements in both its brokerage and risk management segments. Gallagher’s revenues bef...
Posted: May 02, 2025
Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding ̷...
Posted: May 02, 2025
Although the ongoing tariff war and resulting inevitable higher inflation will undoubtedly impact all lines of insurance and reinsurance business, French reinsurer Arundo Re’s very strong balance sheet will create opportunities for growth, accordi...
Posted: May 02, 2025
Global insurer American International Group (AIG), Inc. has reported strong top-line growth with net premiums written (NPW) for the first quarter of 2025 hitting $4.5 billion, flat year-over-year on a reported basis, although the general insurance...
Posted: May 02, 2025
Greenlight Re, a subsidiary of Greenlight Capital Re, Ltd., has announced the appointment of Martin Vezina as Head of Underwriting Analytics with immediate effect. Based in the company’s Grand Cayman headquarters, Vezina will play an important rol...
Posted: May 02, 2025
Peak Re, a reinsurance company specialising in property and casualty, life, and health solutions, has announced that Kathleen Koh, Managing Director and Head of Underwriting, Credit and Bond, has been appointed Vice Chair of the Asia Committee of...
Posted: May 02, 2025
Ceto, a platform that provides predictive analytics for the maritime industry, has secured $4.8 million from its latest fundraising round to start its data- driven insurance product and support its ongoing global expansion. The round was led by Dy...
Posted: May 02, 2025
Florida domiciled Neptune Flood, a private flood insurance provider, has surpassed $300 million in premium in force, over 235,000 policyholders, and over $100 billion of insured value. These milestones underscores the firm’s commitment to th...
Posted: May 02, 2025
Berkshire Hathaway BRKa.N has held up well in a rocky year for stocks, and shareholders this weekend will be seeking reassurance from Warren Buffett that they remain in good hands as tariff turmoil disrupts corporate America. At Saturday’s annu...
Posted: May 02, 2025
Reinsurance prices have dropped since Florida’s 2022-2023 litigation reform measures were enacted, but the biggest rate reductions are mostly for reinsurance above what the Florida Hurricane Catastrophe Fund provides, Citizens Property Insuranc...
Posted: May 02, 2025
Reinsurance prices have dropped since Florida’s 2022-2023 litigation reform measures were enacted, but the biggest rate reductions are mostly for reinsurance above what the Florida Hurricane Catastrophe Fund provides, Citizens Property Insuranc...
Posted: May 02, 2025
California’s Attorney General has filed a lawsuit against a national sanitation company for allegedly using “no-poach” agreements. California Attorney General Rob Bonta announced the lawsuit this week against Packers Sanitiation Ser...
Posted: May 02, 2025
CRC Group, a wholesale specialty insurance distributor in North America, has acquired ARC Excess & Surplus, LLC (ARC), one of the country’s largest specialty wholesale insurance distributors, adding significant scale and capabilities to its gr...
Posted: May 02, 2025
Harvard University is promising to review its academic offerings and admissions policies in response to a pair of internal reports on antisemitism and anti-Arab prejudice at the Ivy League campus commissioned in the aftermath of last spring’s p...
Posted: May 02, 2025
Last year, New York City settled 13,397 claims against it for a total cost of $1.94 billion, the most ever for one fiscal year, up from $1.5 billion in fiscal year 2023, the city’s financial monitor has reported. Police ($309.56 …
Posted: May 02, 2025
Kin grew total insured value from $10 billion to $100 billion.
Posted: May 01, 2025
Uber will offer customers the option of a May Mobility AV on the Uber platform.
Posted: May 01, 2025
The 2025 World Property & Casualty Insurance Report warns that demographic decline, urbanization, and rising catastrophe risk demand urgent changes to products, underwriting, and automation strategies.
Posted: May 01, 2025
The new integration allows insurers to streamline vehicle damage workflows by synchronizing Mitchell and Guidewire ClaimCenter data.
Posted: May 01, 2025
Founder and CEO Megan Kuczynski reflects on conference highlights, sharing key takeaways and what’s next for the new conference held this year in Washington, D.C.
Posted: May 01, 2025
The California-based digital small business insurer says its acquisition by ERGO, Munich Re’s primary insurance arm, removes capital constraints and enables a long-term strategic focus, while preserving its commitment to digital simplicity.
Posted: May 01, 2025
Todd Jackson, Big “I" chairman, cited solid financials, a debt-free balance sheet, a handful of new initiatives and a commitment to collaboration to declare that the state of the association is strong.
Posted: May 01, 2025
Rep. Scalise (R-Louisiana) is a strong advocate for the independent agency system and a leader on important issues like flood insurance and tax policy.
Posted: May 01, 2025
Rep. Bill Huizenga (R-Michigan) sat down with Nathan Riedel, Big “I" senior vice president of federal government affairs, for a fireside chat.
Posted: May 01, 2025
Rep. Scott Peters (D-California) emphasized pragmatic solutions like H.R. 471, the “Fix Our Forests Act of 2025," amid rising political and environmental pressures.
Posted: May 01, 2025
A COVID-19 hangover. The hard market. The movement of policies from the admitted market to excess & surplus lines. Whether a single factor or a combination is to blame, one thing is certain: Errors & omissions claims are on the rise.
Posted: May 01, 2025
American International Group (AIG) reported first quarter net income attributable to shareholders of $698 million, down 41.5% from the same period a year ago. First quarter underwriting income in AIG’s General Insurance segment—North America co...
Posted: May 01, 2025
Insured Losses Could Hit $145B in 2025, Driven by Rising C...
Posted: May 01, 2025
Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects The textile mills that o...
Posted: May 01, 2025
Waymo May Offer Robotaxis for Personal Ownership in Future Alphabet's Waymo sel...
Posted: May 01, 2025
Mental Health Concerns Continue with Gen Z: The Hartford Though Gen Z's mental health concerns are l...
Posted: May 01, 2025
Senate Hearing Today Examining Insurance Markets in Light of Recent Natu...
Posted: May 01, 2025
These include age, credit history, education level, gender, marital status, and more “[T]he term ‘proxy factors’ refers to information about customers that insurers might use in setting auto insurance premiums but that … may not seem directly rel...
Posted: May 01, 2025
People pleasing: the good and the bad [P]eople pleasing [is] defined by Merriam-Webster as “having an emotional need to please others often at the expense of his or her own needs or desires.” By Meg McKeen, CIC This edition of “Let’s Lead” was insp...
Posted: May 01, 2025
Are they simpler than commercial lines? [U]rge your clients not to skimp on the water backup limit of insurance, as restoration contractors can quickly eat away that limit as part of the drying out process. By Marc McNulty, CIC, CRM Our last “Mind th...
Posted: May 01, 2025
Finding your unique edge in a competitive market If you want to win, niche down. Stop being “just another agent” and become the agent—the one who owns an industry, speaks its language, and becomes the go-to expert. By Carolyn Smith, APR, TRA Many...
Posted: May 01, 2025
Tips for executing acquisitions efficiently By Bradley Flowers When it comes to growth in the insurance industry, many small, independent agencies focus on organic strategies such as adding one customer at a time. However, there is another path to sc...
Posted: May 01, 2025
Modern approaches to building stronger long-term client relationships Agents who modernize their approach while remaining authentic and value-driven won’t just survive this generational shift—they will thrive in it … . By Noelle Codispoti, CPCU, AR...
Posted: May 01, 2025
Coalition’s offerings are available in Denmark as of today and will become available in Sweden on May 8th 2025.
Posted: May 01, 2025