All Posts

Trium Cyber & HITRUST develop insurance and assurance process for better cyber coverage

Reinsurance News

Trium Cyber, the authorised service company for Syndicate 1322 at Lloyd’s, has developed in collaboration with HITRUST, an innovative approach to more accurately quantify risk by combining actuarial science with third-party security certification....

Posted: Apr 28, 2025

Mediobanca Makes €6.3 Billion Offer for Generali’s Wealth Arm

Insurance Journal

Mediobanca launched a surprise €6.3 billion ($7.2 billion) offer for the wealth management arm of Italian insurer Assicurazioni Generali SpA, opening a potential defense strategy for the Milan-based bank amid Italy’s intensifying deal wave. Med...

Posted: Apr 28, 2025

AM Best revises outlook to positive for SiriusPoint

Reinsurance News

AM Best has revised the outlook of Siriuspoint’s rated operating subsidiaries to positive from stable, citing the firm’s consolidated balance sheet strength, operating performance, neutral business profile, and appropriate enterprise r...

Posted: Apr 28, 2025

Uvalde Approves $2M Settlement for Families of Elementary School Shooting Victims

Insurance Journal

City leaders in Uvalde, Texas, approved a $2 million settlement for families of the victims of the 2022 Robb Elementary School shooting, marking the first time one of the myriad lawsuits has led to financial compensation. Attorneys for the families &...

Posted: Apr 28, 2025

Over one-third of London market firms actively using AI: LMA

Reinsurance News

A recent survey by the Lloyd’s Market Association (LMA) found that 40% of London market firms are actively using AI tools in some areas or have even widely integrated them into their workflows; however, AI adoption still faces significant barriers...

Posted: Apr 28, 2025

Ping An P&C reports 1% insurance revenue and 8% premium income growth in Q1’25

Reinsurance News

Ping An Insurance Company of China has announced its first quarter financial results, reporting that its property & casualty (P&C) segment maintained steady insurance business growth and good business quality. The P&C sector demonstrat...

Posted: Apr 28, 2025

General Daniel Hokanson appointed to Duck Creek’s Board of Directors

Reinsurance News

Duck Creek Technologies, a provider of software solutions for property and casualty (P&C) and general insurance, has announced the appointment of General Daniel Hokanson, USA, Ret. to the company’s board of directors. Hokanson, a retired 4-Sta...

Posted: Apr 28, 2025

Selective Insurance reports 34% rise in net income to $108m in Q1’25

Reinsurance News

Selective Insurance Group has reported its financial results for the first quarter of 2025, reporting net income of $107.6 million, $1.24 billion in net written premiums (NWP) and an improved combined ratio of 96.1%. The company achieved a 7% year...

Posted: Apr 28, 2025

Viewpoint: Turning the Embedded Insurance Challenge Into an Opportunity

Insurance Journal

Would you like pet insurance with your juvenile ball python, Ma’am? Until relatively recently, that kind of additional purchase came only after settling the scaly friend safely in its new terrarium at home. But with the growth of e-commerce, in...

Posted: Apr 28, 2025

Addresscloud and Smarty partner to deliver enhanced rooftop-level property intelligence

Reinsurance News

Addresscloud, a provider of geocoding and property intelligence solutions, has announced a strategic partnership with Smarty, a US address data and geolocation specialist. The collaboration aims to equip underwriters with rooftop-level location ac...

Posted: Apr 28, 2025

Health Officials Seek to Phase Out Artificial Dyes From the Food Supply

Insurance Journal

U.S. health officials say they will urge foodmakers to phase out petroleum-based artificial colors in the nation’s food supply, but stopped short of promising a formal ban and offered few specifics on how they intended to achieve the sweeping c...

Posted: Apr 28, 2025

Did Florida House ‘Sneak’ Attorney Fee Wording Into Phosphate Mine Bill?

Insurance Journal

A late amendment to a phosphate mine bill has set off alarm bells among some in the Florida insurance industry, with concerns that it could cut out the heart of 2022 and 2023 legislative changes that disincentivized excessive claims litigation. &#823...

Posted: Apr 28, 2025

Risk Strategies Acquires Texas’ GMC Advisors

Insurance Journal

Risk Strategies announced that it has acquired GMC Advisors, LLC., based in Houston, Texas. Terms of the deal were not disclosed. Headed by owner Greg Chubon, GMC Advisors is a specialist in commercial lines insurance products, with a focus on &#8230...

Posted: Apr 28, 2025

New York High Court Unleashes Expanded Liability for Pet Owners

Insurance Journal

Dog and other pet owners and insurers in New York are now exposed to increased risk of liability in the wake of a Court of Appeals ruling that allows an injured party to bring a ordinary negligence claim against a …

Posted: Apr 28, 2025

Call Center Workers’ Comp Fraud Scheme Targeting Spanish-Speakers Leads to Charges

Insurance Journal

Four individuals, including attorneys, were charged after an investigation reportedly revealed a large-scale workers’ compensation fraud scheme allegedly targeted Spanish-speaking workers and involved the illegal sale of more than 1,100 clients...

Posted: Apr 28, 2025

People Moves: Health and Wellness Specialist Hood Joins Alliant Insurance Services

Insurance Journal

Megan Hood joined Alliant Insurance Services as vice president within its employee benefits group. Based in San Francisco, Hood will predominantly serve mid-sized and large tech employers in Northern California and nationwide. Before joining Alliant,...

Posted: Apr 28, 2025

ReSource Pro appoints Paul Naquin to lead new global Technology Services division

Reinsurance News

ReSource Pro, a strategic operations partner for the insurance industry, has named Paul Naquin as Senior Vice President and General Manager of its newly established Technology Services division. In this executive role, Naquin will oversee a global...

Posted: Apr 28, 2025

Evolving Employment Practices Liability Risks and What Employers Can Do to Mitigate Them

Risk & Insurance

Amid a shifting regulatory landscape and ongoing social trends, employers face more pressure than ever when it comes Employment Practices Liability (EPL) risks. Having the right insurer matters in developing a strong risk mitigation strategy....

Posted: Apr 27, 2025

Navigating Change in the Excess & Surplus Contract Binding Market

Insurance Journal

This post is part of a series sponsored by IAT Insurance Group. In the latest episode of What’s Brewing, Ben McDonald, Vice President of Underwriting for IAT’s Excess & Surplus Contract Binding Division, and Claire Rinker, Senior Unde...

Posted: Apr 27, 2025

6 Ways to Protect Buildings from Severe Convective Storms

IA Magazine

As insurers increase their underwriting restrictions to limit storm exposures, risk mitigation is becoming more important than ever for commercial insureds. Here are six ways to minimize building damage from severe convective storms.

Posted: Apr 27, 2025

4 Common Coverage Gaps Agents Should Highlight for Cannabis Clients

IA Magazine

Cannabis operators are facing increasing operational costs and liability risks and are looking to cut costs wherever they can.

Posted: Apr 27, 2025

4 Insurance Challenges for Section 8 Landlords

IA Magazine

The guidelines for the federally funded program include maintaining properties in compliance with local housing codes, passing periodic inspections by housing authorities and following strict eviction and lease termination procedures.

Posted: Apr 27, 2025

Running on Memory: The Hidden Risks Behind Core System Modernization

IIR

As carriers accelerate core system transformation, they face a silent threat: institutional knowledge is disappearing faster than it’s being replaced.

Posted: Apr 27, 2025

ManhattanLife Offers Supplemental Coverage Through AWA Partnership

IIR

The insurer has partnered with Affiliated Workers Association to offer life, accident, dental, and vision products to small business owners.

Posted: Apr 27, 2025

Progressive Insurance to Hire 12,000 Workers to Support Expansion

IIR

The insurer will add IT, customer service, claims, and legal roles in 2025 to meet growing demand.

Posted: Apr 27, 2025

Ventis to launch real estate products on Acturis

coverager

Ventis policies will cover up to 20 properties with a total sum insured of up to £20 million.

Posted: Apr 27, 2025

AXA XL implements new system to make issuing policies faster and easier

coverager

PolicyCenter will allow AXA XL to rate, quote, bind and issue policies in all 50 states.

Posted: Apr 27, 2025

Eberl Claims Service acquired Bees360

coverager

Morgan Partners served as the exclusive financial advisor to Bees360 for this transaction.

Posted: Apr 27, 2025

Equisoft expands Simon Richardson’s role

coverager

Richardson has been with Equisoft since 2014.

Posted: Apr 26, 2025

BluNiche expands capacity and enters China

coverager

The company focuses on serving businesses in the food, beverage, and automotive component industries.

Posted: Apr 26, 2025

Everest strengthens US wholesale leadership

coverager

The move is part of Everest’s strategy to deepen its industry specialization and support wholesale partners with exclusive solutions in a growing E&S market.

Posted: Apr 25, 2025

Jury Decides Norfolk Southern Should Pay $600M Settlement in 2023 Ohio Derailment

Carrier Management

Jury Decides Norfolk Southern Should Pay $600M Settlement in 2023 Ohio Derailment The company that ow...

Posted: Apr 25, 2025

750,000 Takata Airbags Replaced in 12 Months; 5.7M Cars Still At Risk

Carrier Management

750,000 Takata Airbags Replaced in 12 Months; 5.7M Cars Still At Risk More than a decade since the National Highway Traffic Safety Administration (NHTSA) launched a nationwide recall of Takata airbags, 5.7 million vehicles across the U.S. still carry...

Posted: Apr 25, 2025

Draft Memo Indicates FEMA Plan Requires Nearly All Staff Be Deployed

Carrier Management

Draft Memo Indicates FEMA Plan Requires Nearly All Staff Be Deployed The U.S. agency that manages disaste...

Posted: Apr 25, 2025

Changing Market Dynamics, Tech Advances Continue to Disrupt Insurance Industry: Report

Carrier Management

Changing Market Dynamics, Tech Advances Continue to Disrupt Insurance Industry: Repo...

Posted: Apr 25, 2025

Hartford CEO says company will lead insurance industry in AI

coverager

Yokahu is a Lloyd’s Coverholder.

Posted: Apr 25, 2025

DoorDash Asks Judge to Dismiss Uber Suit Over Web Ordering Services

Insurance Journal

DoorDash Inc. asked a California judge to dismiss Uber Technologies Inc.’s anticompetition lawsuit against it, arguing that Uber is using an “ill-fitting” state law to justify its claims. DoorDash, which has two-thirds of the U.S. f...

Posted: Apr 25, 2025