All Posts

Young Agent Scholarship Winner: It’s Always About the Community

IA Magazine

Kendra Garrett, the recipient of this year’s Herndon First-Timer Scholarship Award, resonates with Herndon’s legacy of education and community impact.

Posted: Apr 29, 2025

Wichita National Life Launches Annuity Products on FireLight

IIR

The Oklahoma-based insurer uses Hexure’s platform to streamline annuity sales and expand market reach through digital order entry.

Posted: Apr 29, 2025

Ceto Secures $4.8M to Expand Maritime Insurance Platform

IIR

The New York-based startup uses shipboard data and AI to help insurers and operators improve risk selection, efficiency, and underwriting precision.

Posted: Apr 29, 2025

Verisk Launches U.S. Model for Political Violence Risk

IIR

The catastrophe model enables underwriters and risk managers to quantify financial losses to assess insured losses from strikes, riots, and civil commotion events.

Posted: Apr 29, 2025

Sen. Daines Is Big ‘I’ Legislator of the Year

IA Magazine

Sen. Steve Daines (R-Montana) was presented with the 2024 Gerald Solomon Big “I" Legislator of the Year Award.

Posted: Apr 29, 2025

Clearwater Analytics Acquires Beacon Platform

IIR

The acquisition expands Clearwater’s risk and modeling capabilities for institutional investors managing complex portfolios.

Posted: Apr 29, 2025

Insurers Face 3 Kinds of Debt

Insurance Thought Leadership

Insurers Face 3 Kinds of Debt Operational Efficiency

Posted: Apr 29, 2025

Accredited Surety to exit California workers’ compensation insurance

coverager

The company has about 3,949 policies in the state and works through partners like Atlas General Insurance and Appalachian Underwriters.

Posted: Apr 29, 2025

How an Upgrade to Producer Onboarding Can Fuel Carrier Growth: A Life Insurer’s Perspective

coverager

By giving producers and agency partners the autonomy to manage their own data, GPM Life cuts out cumbersome email back-and-forths and redundant data entry.

Posted: Apr 29, 2025

Aspen announces launch of IPO

coverager

Aspen is seeking a valuation of up to $2.85 billion.

Posted: Apr 29, 2025

MassMutual Ventures backs DePoly

coverager

DePoly is a clean tech company.

Posted: Apr 29, 2025

Earnix acquires Zelros

coverager

The news follows Guidewire’s acquisition of Quantee, announced last month.

Posted: Apr 29, 2025

AXA XL extends cyber insurance to small and midsize businesses

coverager

AXA XL is extending its cyber insurance offerings for small and midsize enterprises with the addition of Michelle Aliperti in the Americas.

Posted: Apr 29, 2025

Prizm Insurance is fundraising

coverager

Carrier partners include Chubb, Cincinnati, Safeco, and Travelers.

Posted: Apr 29, 2025

Zurich and Marsh launch API connectivity

coverager

USAA participated in the round.

Posted: Apr 29, 2025

The $50 Billion Opportunity: Insurers Pivot from Reaction to Prevention

Risk & Insurance

As P&C insurers shift toward "predict and prevent" models, fee-based risk management services could more than double revenue by 2030, transforming traditional business approaches, Deloitte says. The post

Posted: Apr 29, 2025

Ransomware Hack Said to Be Cause of Marks & Spencer Outages

Insurance Journal

A ransomware attack is the cause of a disruption at Marks & Spencer Group Plc., with hackers using a potent kind of malware to lock down some of the British retailer’s systems and render them inaccessible, according to people familiar &#823...

Posted: Apr 29, 2025

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

Insurance Journal

Aspen Insurance said on Tuesday it was seeking a valuation of up to $2.85 billion in its New York flotation, as the Bermudian specialty insurer looks to go public again in the United States after more than six years. Stock …

Posted: Apr 29, 2025

People Moves: CEO of Carbon Retires for Health Reasons, Succeeded by Ferrier; Chaucer Taps SCOR’s Br...

Insurance Journal

This edition of International People Moves details appointments at the managing general underwriter Carbon Underwriting and specialty re/insurer Chaucer. A summary of these new hires follows here. CEO of Carbon Retires for Health Reasons, Succeeded b...

Posted: Apr 29, 2025

Generali CEO Philippe Donnet to serve for another three-year term

Reinsurance News

The Board of Directors of Italian insurance giant Generali has elected Philippe Donnet as Managing Director (MD) and Group Chief Executive Officer (CEO) for another three-year term. At a meeting held yesterday, the Board elected, for the three-yea...

Posted: Apr 29, 2025

RIMS Announces 2025 Risk Manager of Year Recipient, Risk Management Honor Roll Inductee

Risk & Insurance

Both executives demonstrate how risk professionals have become driving forces behind business resilience and innovation in their respective industries. The post

Posted: Apr 29, 2025

Earnix to acquire GenAI platform Zelros

Reinsurance News

Earnix, the artificial intelligence (AI) platform for insurance, has signed a definitive agreement to acquire Zelros, a generative AI player for insurers and banks. Through combining Earnix’s advanced predictive AI platform with Zelros’s GenAI rec...

Posted: Apr 29, 2025

Clearwater Boat Crash Kills One Person, Injures 10 at End of Festival

Insurance Journal

The driver of a boat that appeared to leave the scene after a fatal crash in Clearwater, Florida, was not intoxicated but could still face multiple charges in the tragedy, according to local news media and the Associated Press. Authorities …

Posted: Apr 29, 2025

Natural Catastrophe Losses Set to Reach $145 Billion in 2025, With 1-in-10 Risk of $300 Billion Peak...

Risk & Insurance

Rising exposure values, climate change, and urbanization drive continued growth in catastrophe costs as insurance industry prepares for potential record-breaking loss scenarios: Swiss Re. The post

Posted: Apr 29, 2025

New Jersey Wildfire 75% Contained; Crews to Remain on Scene Until ‘Significant’ Rain

Insurance Journal

The New Jersey Forest Fire Service reported continued progress in fighting the Jones River wildfire, with the fire being 75% contained by noon on Monday, April 28. Officials said crews will remain on the scene for the next several days …

Posted: Apr 29, 2025

FBI Raided the Wrong House. Now the US Supreme Court Will Hear Their Lawsuit

Insurance Journal

ATLANTA (AP) — Before dawn on Oct. 18, 2017, FBI agents broke down the front door of Trina Martin’s Atlanta home, stormed into her bedroom and pointed guns at her and her then-boyfriend as her 7-year-old son screamed for his …

Posted: Apr 29, 2025

Premiums set to rise unless governments act on climate risk, says Zurich

Reinsurance News

With the costs from extreme weather and natural catastrophes rising, Zurich Insurance has released a report highlighting the urgent need for action from governments, insurers, and communities to collaboratively build climate resilience. According...

Posted: Apr 29, 2025

Historic Memphis Church a Total Loss After Late Night Fire

Insurance Journal

A Memphis church known as a rallying spot in the Civil Rights Movement suffered major damage in a fire that broke out early Monday morning. The 130-year-old Clayborn Temple, in downtown Memphis, is considered a total loss, with only the …

Posted: Apr 29, 2025

Historic Memphis Church a Total Loss After Late-Night Fire

Insurance Journal

A Memphis church known as a rallying spot in the Civil Rights Movement suffered major damage in a fire that broke out early Monday morning. The 130-year-old Clayborn Temple, in downtown Memphis, is considered a total loss, with only the …

Posted: Apr 29, 2025

Warner Bros Fends Off Superman Copyright Lawsuit Ahead of New Movie

Insurance Journal

Warner Bros. Discovery convinced a U.S. judge to dismiss a lawsuit over rights to the iconic character Superman, lifting a legal headache before the company releases its new “Superman” movie this summer. U.S. District Judge Jesse Furman i...

Posted: Apr 29, 2025

Progressive Insurance Is Hiring Again; 12,000 More People Needed

Insurance Journal

Almost a year to the day after Progressive announced it would hire more than 10,000 people to fill claims, IT and legal roles in 2024, the nation’s second largest auto insurer said it now has 12,000 job openings. As was …

Posted: Apr 29, 2025

Aspen reports increased GWP in unaudited Q1’25 results

Reinsurance News

Aspen Insurance Holdings Limited has released its unaudited results for the first quarter of 2025, reporting an increase in gross written premiums (GWP) alongside a notable decrease in profitability. The Bermuda-based re/insurer reported GWP of $1...

Posted: Apr 29, 2025

Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes

Insurance Journal

Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to a gain of $755 million during the same period the prior year. The company’s consolidated insurance operations turned in a first quarter combined...

Posted: Apr 29, 2025

American Integrity could get proceeds of up to $106.25m from IPO

Reinsurance News

American Integrity Insurance Group has launched the roadshow for its proposed initial public offering (IPO) of 6,875,000 shares of common stock, with the company intending to use the net proceeds for general corporate purposes, which may include c...

Posted: Apr 29, 2025

More Americans Breathe Unhealthy Air Due to Wildfires, Extreme Heat

Carrier Management

More Americans Breathe Unhealthy Air Due to Wildfires, Extreme Heat Around 156 m...

Posted: Apr 29, 2025

California Proposes Allowing Self-Driving Heavy-Duty Truck Testing

Carrier Management

California Proposes Allowing Self-Driving Heavy-Duty Truck Testing The...

Posted: Apr 29, 2025

Markets/Coverages: BHSI Updates Private Company Executive Lines Suite in Canada

Insurance Journal

Berkshire Hathaway Specialty Insurance (BHSI) has introduced an update to its Private Company Executive Lines suite of products in Canada and named Shaun Lue as private company leader. The new modular offering includes expansive directors & offic...

Posted: Apr 29, 2025

New Report Shows Rise in Cargo Theft, With Three States Leading the Way

Insurance Journal

Cargo theft across the U.S. and Canada continued to rise in 2024, with three states making up the bulk of losses, a new report shows. Multimodal hubs in California, Texas, as well as around Chicago, continue to be top targets …

Posted: Apr 29, 2025

Increased Writings in Homeowners Adds to US Surplus Lines Growth

Insurance Journal

Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted insurers. According to a report from AM Best, surplus homeowners direct premiums written in 2023 eclipsed $2 billi...

Posted: Apr 29, 2025