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Insurance Information Institute
For Immediate Release Loretta Worters New York Press Office 917-208-8842 [email protected] MALVERN, Pa., April 29, 2025 – Lightning poses significant fire risks to small and medium-sized enterprises (SMEs), causing billions of dollars in damage annu...
Posted: Apr 28, 2025
The acquisition adds underwriting and risk management solutions to strengthen Sapiens’ global property/casualty platform and supports the firm’s expansion in the London Market.
Posted: Apr 28, 2025
The strategic agreement supports deployment of AI Assistants in underwriting, compliance, and claims workflows.
Posted: Apr 28, 2025
What Keeps Insurance Executives Up at Night PaulCarroll Mon, 04/28/2025 - 19:33 The Internatio...
Posted: Apr 28, 2025
The division will offer customized bonding solutions for a wide range of industries.
Posted: Apr 28, 2025
Phil spent the last 10 years at London Stock Exchange Group.
Posted: Apr 28, 2025
The new product offers all-risks coverage on a shared and layered basis.
Posted: Apr 28, 2025
Progressive intends to hire thousands of people in 2025.
Posted: Apr 28, 2025
Major automakers want Congress to bar California’s landmark plan to end the sale of gasoline-only vehicles by 2035 that has been adopted by 11 other states, warning the rules could begin impacting vehicle shipments in a few months. The U.S. ...
Posted: Apr 28, 2025
The Massachusetts Supreme Judicial Court ruled that a man who contracted COVID-19 while working as a utility lineman was entitled to receive workers' compensation benefits. The post
Posted: Apr 28, 2025
A multi-day severe weather outbreak is expected to bring heavy thunderstorms, large hail and the threat of tornadoes across the central U.S. Parts of the Upper Midwest – particularly southern and western Minnesota and northern Iowa – is at highest &#...
Posted: Apr 28, 2025
A multi-day severe weather outbreak is expected to bring heavy thunderstorms, large hail and the threat of tornadoes across the central U.S. Parts of the Upper Midwest – particularly southern and western Minnesota and northern Iowa – is at highest &#...
Posted: Apr 28, 2025
CIBA, a commercial real estate insurance program, announced the expansion of its NexEdge individual limits property product to the Upper Midwest and Southeast regions. The expansion builds on the success of the program’s initial launch of NexEd...
Posted: Apr 28, 2025
Mail Hauler Trucking, LLC., which delivers mail for the United States Postal Service in North Dakota and South Dakota, will pay $45,000 and provide other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) disability discrimination...
Posted: Apr 28, 2025
Severe weather risks highlight critical need for enhanced stress testing by insurers, especially regional insurers: AM Best. The post Secondary Per...
Posted: Apr 28, 2025
In 2024, despite the continued challenge of high catastrophe losses, US insurers in the property and casualty (P&C), life and annuity (L&A), and health sectors successfully exceeded their cost of capital, according to a recent report by cr...
Posted: Apr 28, 2025
The brokers Aon and WTW both reported organic revenues of 5% for the first quarter of the year, level with Q1 2024. Aon’s total revenue in the first quarter increased 16% to $4.7 billion compared to $4.1 billion during Q1 …
Posted: Apr 28, 2025
The brokers Aon and WTW both reported organic revenues of 5% for the first quarter of the year, level with Q1 2024. Aon’s total revenue in the first quarter increased 16% to $4.7 billion compared to $4.1 billion during Q1 …
Posted: Apr 28, 2025
Specialist global insurer Hiscox has announced the appointment of Phil Withey as Chief Technology Officer for Hiscox London Market. Based in London, Withey is to join the business in June, and will be reporting to Hiscox Group CIO Chris Loake and...
Posted: Apr 28, 2025
The new head of the U.S. Securities and Exchange Commission on Friday said that the agency has stifled innovation for the cryptocurrency sector by fostering “regulatory uncertainty” in prior years. “Market participants engaging in t...
Posted: Apr 28, 2025
Reinsurance Group of America (RGA), a global life and health reinsurer, has announced the appointment of My Chi To as Executive Vice President (EVP), Chief Legal Officer, and Corporate Secretary, effective May 19th, 2025. To will succeed Bill Hutt...
Posted: Apr 28, 2025
CyberCube, a provider of cyber risk analytics, has partnered with specialist brokerage Galahad Risk Solutions to help small to medium-sized enterprises (SMEs) and middle-market organisations better understand and manage their cyber risk exposure....
Posted: Apr 28, 2025
The New Jersey Forest Fire Service has continued to make progress fighting the Jones River wildfire. The service reported the fire was 65% contained by Sunday morning April 27. However, the service repeated a warning from the National Weather Service...
Posted: Apr 28, 2025
Aon has announced new appointments within Reinsurance Solutions’ Client Services function to strengthen its client advocacy services amid increasing economic uncertainty. The new appointments, Steve Clark, Ann Field, Matt Moore, and David Griffith...
Posted: Apr 28, 2025
Insurance Business Magazine - US
Posted: Apr 28, 2025
Insurance Business Magazine - US
Posted: Apr 28, 2025
After receiving multiple inquiries about the use of aerial images in property insurance nonrenewals, West Virginia’s insurance commissioner has posted guidelines for insurers’ use of the technology. In a bulletin this month, Commissioner...
Posted: Apr 28, 2025
Most of Spain and all of Portugal were hit by a major blackout that impacted public transport, airports and phone service, leaving authorities scrambling to find the causes for one of the worst outages in Europe in years. Data from …
Posted: Apr 28, 2025
The Insurance Development Forum (IDF) Risk Modelling Steering Group (RMSG) has launched a new IDF web page that houses a suite of free, open access risk modelling tools for climate and disaster risk analysis. IDF stated: “Designed to advance clima...
Posted: Apr 28, 2025
Trawick International, a longtime provider of travel insurance, student insurance and specialty coverage, is moving its headquarters from the quiet streets of Fairhope, Alabama, to Miami. “Miami is a thriving, diverse, and internationally conne...
Posted: Apr 28, 2025
Trawick International, a longtime provider of travel insurance, student insurance and specialty coverage, is moving its headquarters from the quiet streets of Fairhope, Alabama, to Miami. “Miami is a thriving, diverse, and internationally conne...
Posted: Apr 28, 2025
Kevin O’Donnell, President and CEO of RenaissanceRe, stated that the current level of rate established in the reinsurance market is not going to trend down, affirming that there is no indication that the market is returning to pre-23 levels....
Posted: Apr 28, 2025
A Vermont Superior Court has approved a state takeover and rehabilitation plan for a medical professional liability insurer for 1,300 physicians that the state says is in hazardous financial condition as a result of a $35.4 million arbitration judgme...
Posted: Apr 28, 2025
U.S. corporations have been ramping up their security spending, but following the murder of UnitedHealth executive Brian Thompson that expenditure is set to rise further in 2025 as more companies see heightened threats to their top brass. At least a...
Posted: Apr 28, 2025
Carbon Underwriting Limited, a specialist independent managing general underwriter and Lloyd’s syndicate, has announced the retirement of Co-Founder and CEO Nicholas (Nick) Tye due to health reasons. After being diagnosed with progressive multiple...
Posted: Apr 28, 2025
Those fighting cybercrime and those who insure against it must perpetually race to keep up with the new tech, strategies, methods and goals thrown at them by nefarious actors working from all over the world. After significant compound rate increases...
Posted: Apr 28, 2025
AIG: Turning One Human Underwriter Into Five, ‘Tur...
Posted: Apr 28, 2025
The Hong Kong Insurance Authority (IA) has released provisional insurance and reinsurance market statistics for 2024, reporting a total of $637.8 billion in gross premiums for the year, a notable increase compared to the $549.7 billion reported fo...
Posted: Apr 28, 2025
British retailer Marks & Spencer told agency staff at its central England distribution center to stay at home on Monday, after it stopped taking online orders following a cyber incident last week. Shares in the company, one of the best …
Posted: Apr 28, 2025
Rokstone, a global specialty re/insurance managing general agent (MGA) and part of the Aventum Group, has announced the appointment of Eddie Hughes as its new Head of Specialty Reinsurance. Leveraging his two decades of industry experience, Hughes...
Posted: Apr 28, 2025
VDE Americas, a provider of technical advisory and risk mitigation for the solar power industry, has partnered with climate insurance provider kWh Analytics to launch a new assessment form that evaluates solar site hail vulnerability and protectiv...
Posted: Apr 28, 2025
Zurich-domiciled catastrophe insurance data provider, PERILS, has upped the industry loss in its second estimate for extratropical windstorm “Éowyn”, also known as “Gilles”, at €696 million from €619 million in March. The loss estimate covers the...
Posted: Apr 28, 2025
Bermuda-domiciled global re/insurer for energy markets, Everen Specialty, has appointed Carla Greaves as its Chief Underwriting Officer (CUO). She succeeds Jane Peterson, Interim CUO, who will continue in a consultancy capacity to facilitate the t...
Posted: Apr 28, 2025
ARC Ltd and Klapton Re have signed a Memorandum of Understanding (MoU) to establish a new partnership aimed at strengthening climate risk protection across Africa. Under the MoU, the two firms will reportedly co-develop and roll out new insurance...
Posted: Apr 28, 2025
Chaucer Group, the specialty re/insurance business, has announced the appointments of Emma Brown and Andy Cleair as Class Underwriters within its International Property division. Both are based in London and report directly to Mel Smart, Head of I...
Posted: Apr 28, 2025
Kyiv detained a ship it says was part of Moscow’s “shadow fleet” which illegally exports grain from areas of Ukraine occupied by Russian forces. A dry cargo ship was detained in Ukrainian territorial waters as it headed from Moldova...
Posted: Apr 28, 2025