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LA County Approves $4B Payout to Settle Sexual Abuse Claims at Juvenile Facilities

Insurance Journal

Los Angeles County officials this week approved a $4 billion payout to settle nearly 7,000 claims of sexual abuse in juvenile facilities since 1959. The agreement reached on April 4 far surpasses a $2.6 billion settlement reached in 2022 with …

Posted: Apr 30, 2025

Bill to Address California Wildfire And Insurance Crises Moving Through Legislature

Insurance Journal

A California Assembly committee advanced a bill designed to deal with the state’s wildfire and insurance crises. The California Safe Homes Act, Assembly Bill 888, passed out of the Assembly Insurance Committee on a unanimous vote. Related: Fore...

Posted: Apr 30, 2025

What's Next for Chatbots

Insurance Thought Leadership

What's Next for Chatbots Customer Experience sradomski Wed, 04/30/2025 - 15:29 ...

Posted: Apr 30, 2025

Apollo’s Aspen Insurance Targets $2.9B Valuation in US Stock Market Return

Carrier Management

Apollo’s Aspen Insurance Targets $2.9B Valuation in US Stock Market Return Aspen Insurance said on...

Posted: Apr 30, 2025

High Tariff Impact on Personal Lines; Commercial Less Vulnerable

Carrier Management

High Tariff Impact on Personal Lines; Commercial Less Vulnerable A g...

Posted: Apr 30, 2025

3D Printing in the Auto Industry Mulled by Experts

Carrier Management

3D Printing in the Auto Industry Mulled by Experts The rise of interest and capability to 3D-pr...

Posted: Apr 30, 2025

Florida Ferry Boat Collision Leaves 1 Dead, 10 Injured

Carrier Management

Florida Ferry Boat Collision Leaves 1 Dead, 10 Injured A recreational boat crashed into a ferry trans...

Posted: Apr 30, 2025

Etico Financial raises $10 million

coverager

Wealth advisory platform Etico is backed by Eos Ventures.

Posted: Apr 30, 2025

Experian partners with Root

coverager

Shoppers will be able to purchase coverage from Root without leaving the Experian platform. 

Posted: Apr 30, 2025

Insurance Customers Embrace AI When Clear Value, Benefits Shown: Survey

Carrier Management

Insurance Customers Embrace AI When Clear Value, Benefits...

Posted: Apr 30, 2025

PwC unveils new brand

coverager

As part of the launch, PwC becomes the Official Consulting Partner of Formula 1.

Posted: Apr 30, 2025

Major Automakers Want Congress to Bar California’s 2035 EV Plan

Carrier Management

Major Automakers Want Congress to Bar California’s 2035 EV Plan Major automakers want Congress to bar California's l...

Posted: Apr 30, 2025

Ceto raises $4.8 million

coverager

Howden Ventures participated in the round.

Posted: Apr 30, 2025

Fall Protection Remains a Top Priority for the Construction Industry: Nationwide

Risk & Insurance

Falls, slips and trips account for nearly 40% of work-related injuries and causing over 300 deaths annually in the construction industry. The post

Posted: Apr 30, 2025

Strengthen Oklahoma Homes Program to Hold Second Pilot Launch

Insurance Journal

The Oklahoma Insurance Department is preparing for a second pilot launch of the Strengthen Oklahoma Homes Program, which provides up to $10,000 to residents to upgrade their homes to the IBHS Fortified standard. Applicants who are eligible and live i...

Posted: Apr 30, 2025

AM Best Revises Outlook to Negative for Missouri Valley Mutual Insurance Company

Insurance Journal

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Missouri Valley Mutual Insurance Company (MVMIC) based in Burke, S...

Posted: Apr 30, 2025

People Moves: SiriusPoint Taps AIG’s Gibson as International Chief Underwriting Officer; Howden Appo...

Insurance Journal

This edition of International People Moves details appointments at SiriusPoint and Howden. A summary of these new hires follows here. SiriusPoint Taps AIG’s Gibson as International Chief Underwriting Officer SiriusPoint Ltd., the Bermuda-based...

Posted: Apr 30, 2025

Car Smashes Through Illinois Building, Killing 4 Young People and Injuring Others

Insurance Journal

A car smashed through a building Monday afternoon, killing four young people and injuring several others during an after-school program in a small city outside of Springfield, Illinois, police said. Officers responded at about 3:20 p.m. to calls abou...

Posted: Apr 30, 2025

‘Political misjudgements’ contribute to potential weakening of Europe & Germany: Munich Re CEO

Reinsurance News

In his recent address to the shareholders, Joachim Wenning, CEO and Chair of Munich Re’s Board of Management, expressed his concerns regarding the current political developments, cautioning about the risk of a weakening Germany and Europe. While s...

Posted: Apr 30, 2025

People Moves: Dorn Named to Maryland Insurance Administration Post

Insurance Journal

Maryland Insurance Commissioner Marie Grant appointed Patricia Dorn as associate commissioner for consumer education and advocacy at the Maryland Insurance Administration. Dorn, who has served at the Maryland Insurance Administration since 2012, will...

Posted: Apr 30, 2025

Global Cyber Insurance Market Reaches $16.6 Billion in 2024

Risk & Insurance

North America leads with $10.5 billion in cyber premiums as market stabilizes after period of significant rate increases, Guy Carpenter reports. The post

Posted: Apr 30, 2025

CatIQ releases CAD 342m loss estimate for March 2025 ice storm in Ontario and Quebec

Reinsurance News

CatIQ, an independent Toronto-based provider of catastrophe insurance data and a subsidiary of PERILS, has released its initial industry loss estimate for the ice storm that struck Ontario and Quebec between March 28 and 31, 2025. The preliminary...

Posted: Apr 30, 2025