All Posts

Safeguarding the Marine Transportation System: New Cybersecurity Rules for the Maritime Industry

Insurance Journal

The maritime industry is grappling with an escalating wave of cybersecurity threats as it increasingly relies on interconnected digital systems. Recognizing the critical need to address these vulnerabilities, the U.S. Coast Guard issued a final rule...

Posted: Apr 23, 2025

Safeguarding the Marine Transportation System: New Cybersecurity Rules

Insurance Journal

The maritime industry is grappling with an escalating wave of cybersecurity threats as it increasingly relies on interconnected digital systems. Recognizing the critical need to address these vulnerabilities, the U.S. Coast Guard issued a final rule...

Posted: Apr 23, 2025

Pet Insurance, Agents Gets a Shorter Leash Under Bill DeSantis Signed Into Law

Insurance Journal

Pet insurance is considered property insurance, and pet coverage and pet wellness programs will soon face new regulations and disclosure requirements under a bill signed into law by Florida Gov. Ron DeSantis. House Bill 655, approved with no oppositi...

Posted: Apr 23, 2025

Everglades Restoration Aims to Protect Florida Keys, Water, State Economy

Insurance Journal

ISLAMORADA, Fla. (AP) — The Everglades is more than just swamps, fan boats and alligators — and restoration efforts impact more than the land between Florida’s east and west coasts. Florida Bay, a body of water located between the southern &#82...

Posted: Apr 23, 2025

Willis names Anant Pawar as Aviation & Space Leader for India

Reinsurance News

Willis, part of global insurance broker WTW, has appointed Anant Pawar as the Aviation & Space Leader for India, effective immediately. In this new role, Pawar will be responsible for providing strategic insurance broking solutions and special...

Posted: Apr 23, 2025

WEF Launches Probe Into Founder Schwab Over Whistleblower Allegations

Insurance Journal

The World Economic Forum announced on Tuesday that it has launched an investigation into its founder, Klaus Schwab, following a whistleblower letter alleging misconduct by the former chairman. The announcement came a day after the 87-year-old Schwab...

Posted: Apr 23, 2025

Report: California’s New Vehicle Market Outlook Clouded by Tariffs

Insurance Journal

New vehicle registrations in California rose 8.3% in the first quarter of 2025 compared with the same period a year earlier, putting the state above a nationwide 4.6% increase in a buying surge that may have been driven by consumers …

Posted: Apr 23, 2025

Lawmakers Urge FAA to Address Safety Issues at Washington Airport After Incidents

Insurance Journal

Three senior Democratic lawmakers on Tuesday urged the Federal Aviation Administration to address significant safety issues at Reagan Washington National Airport and maintain reduced air traffic after a series of troubling incidents. Representatives...

Posted: Apr 23, 2025

People Moves: Vermont Mutual’s Clark Named Io International Group Post

Insurance Journal

Vermont Mutual Senior Executive Assistant Paula Clark was recently named regional vice president of the International Association of Insurance Professionals (IAIP), announced at the Region I 2025 Conference held in Hasbrouck Heights, New Jersey. IAIP...

Posted: Apr 23, 2025

A ‘Low-Attention Disaster,’ Mountain Fire Survivors Recover in LA’s Shadow

Insurance Journal

The ashes of Hatim Naim’s burned home lie just a few dozen miles west of the Los Angeles areas destroyed by January’s Palisades and Eaton fires. But because the Mountain Fire, which destroyed 182 houses and other structures in Ventura &#8...

Posted: Apr 23, 2025

Viewpoint: California’s Latest Insurance Privacy Bill Would Add Layer of Regulation

Insurance Journal

California lawmakers are once again turning their attention to consumer privacy—this time with a laser focus on the insurance sector. At a moment when insurance companies are already navigating a minefield of data privacy laws, the newly proposed Sen...

Posted: Apr 23, 2025

How the Use of AI is Evolving in U.S. Law Enforcement and in Public Entity Underwriting

Risk & Insurance

Artificial intelligence can help to gather data and increase efficiency, but it comes with unique liability risks. Reaping the benefits while minimizing exposure will be an ongoing insurance challenge, according to experts at Munich Re Specialty.

Posted: Apr 22, 2025

Environmental Lawyers Get Ready to Pounce on Energy Deregulation Moves

Insurance Journal

U.S. environmental groups say they are hiring lawyers and preparing for a major legal showdown with President Donald Trump’s administration over its rapid-fire and sweeping efforts to sidestep federal regulations on oil, gas and coal developmen...

Posted: Apr 22, 2025

British Food and Clothing Group M&S Discloses Cyber Incident

Insurance Journal

Britain’s Marks & Spencer MKS.L said on Tuesday it has been managing a cyber incident over the past few days, and had made some temporary changes to its store operations. The more than 140-year-old clothing and food company said it …

Posted: Apr 22, 2025

Wildfire Losses Drops Chubb Q1 Net Income 38%, While Tariffs Create ‘Confusion’

Insurance Journal

First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a statement said the insurer “had a good first quarte...

Posted: Apr 22, 2025

Wildfire Losses Drop Chubb Q1 Net Income 38%, While Tariffs Create ‘Confusion’

Insurance Journal

First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a statement said the insurer “had a good first quarte...

Posted: Apr 22, 2025

IMF Slashes Global Outlook as White House Says Trade Talks Pick Up Pace

Insurance Journal

Worldwide economic output will slow in the months ahead as U.S. President Donald Trump’s steep tariffs on virtually all trading partners begin to bite, the International Monetary Fund said on Tuesday, as global finance chiefs swarmed Washington...

Posted: Apr 22, 2025

Global Aerospace names Gareth Howell as CUO Europe

coverager

Global Aerospace is a specialist provider of aviation and aerospace insurance.

Posted: Apr 22, 2025

Gravie partners with XO Health to launch in Minnesota

coverager

The network will debut as early as October.

Posted: Apr 22, 2025

Orion180 Teams partners with Jewelers Mutual

coverager

The companies will provide coverage beyond the typical limits of a standard homeowners policy.

Posted: Apr 22, 2025

Trust & Will raises $4.5 million

coverager

Trust & Will's Series C round now exceeds $32 million.

Posted: Apr 22, 2025

Southern Cross Premium Finance selects Input 1

coverager

Input 1 currently supports over $16 billion in managed premiums annually.

Posted: Apr 22, 2025

Germania Insurance Exhances Risk Assessment With Nearmap’s Betterview Platform

IIR

The insurer integrates Betterview by Nearmap to enhance property insights and improve underwriting decisions.

Posted: Apr 22, 2025

Hub International Launches Small Business Solution for Affluent Clients

IIR

The new offering provides insurance guidance and coverage for high-net-worth individuals starting side ventures.

Posted: Apr 22, 2025

DXC Names Bill Pieroni to Lead Global Insurance Strategy

IIR

Pieroni will guide growth and strategic initiatives for DXC’s insurance software and business process services.

Posted: Apr 22, 2025

Tinubu to Acquire Innoveo, Expand Specialty Insurance Software Capabilities

IIR

The planned acquisition strengthens Tinubu’s global position in cloud-based platforms for specialty insurers.

Posted: Apr 22, 2025

How Independent Agents Can Redefine the Customer Journey in CAT-Prone Areas

IA Magazine

As wildfires, tornadoes and floods continue to disrupt the lives of millions across the U.S., our industry must face a hard truth: The current insurance purchasing journey often fails both consumers and the agents trying to serve them.

Posted: Apr 22, 2025

Driver Overconfidence Is Making Distracted Driving Worse

IA Magazine

Most drivers believe other motorists' driving behaviors are bad and getting worse, according to Nationwide. Yet most rate their own driving very highly, despite participating in the same risky behaviors.

Posted: Apr 22, 2025

Global Risk Consultants’ David Rix on the use of AI in Property Submissions

Risk & Insurance

Whatever goes into the AI tool for reviewing property submissions needs to have complete "risk attributes" from a fire loss prevention standpoint. The post

Posted: Apr 22, 2025

Markel announces new divisional structure and leadership appointments

coverager

Markel's US and Bermuda operations will now be divided into two business divisions.

Posted: Apr 22, 2025

Kyle Russell joins Heffernan Financial Services

coverager

He joins a team focused exclusively on retirement plans.

Posted: Apr 22, 2025

UK’s Admiral Group to Sell Its US Insurer Elephant to J.C. Flowers

Insurance Journal

United Kingdom’s Admiral Group has agreed to sell its U.S. auto insurance business — Elephant Insurance Co. and Elephant Insurance Services— to the private investment firm J.C. Flowers & Co. for an undisclosed cash consideration representin...

Posted: Apr 22, 2025

Don’t Forget Workers Comp Tariff Impacts: Berkley

Carrier Management

Don’t Forget Workers Comp Tariff Impacts:...

Posted: Apr 22, 2025

Thai-Chinese Firm Denies Flouting Safety Measures in Skyscraper Collapse Probe

Carrier Management

Thai-Chinese Firm Denies Flouting Safety Measures in Skyscraper Collapse Probe A Thai-Chinese company d...

Posted: Apr 22, 2025

Severe Midwest Storms Result in Baseball Size Hail

Carrier Management

Severe Midwest Storms Result in Baseball Size Hail The severe thunderstorms that struck the Midwest last week...

Posted: Apr 22, 2025

Tesla Settles Wrongful Death Lawsuit Claiming Sudden Acceleration in Ohio Crash

Carrier Management

Tesla Settles Wrongful Death Lawsuit Claiming Sudden Acceleration in Ohio Crash...

Posted: Apr 22, 2025