All Posts

Hadron to expand insurance capabilities in the US with GCNA’s acquisition

Reinsurance News

Hybrid insurer Hadron has announced it is to acquire The Guarantee Company of North America USA (GCNA), a Michigan-domiciled insurance company, from Atlantic Specialty Insurance Company, a subsidiary of Intact Financial Corporation. The acquisitio...

Posted: Apr 22, 2025

Tesla Settles Wrongful Death Lawsuit Claiming Sudden Acceleration in Ohio Crash

Insurance Journal

Elon Musk‘s electric vehicle company Tesla TSLA.O has agreed to settle a wrongful death lawsuit filed by the estate of a man who was killed in 2021 after his Tesla crashed and caught fire near Dayton, Ohio. Tesla and lawyers …

Posted: Apr 22, 2025

Loadsure expands leadership team to drive growth

Reinsurance News

Loadsure, an insurtech managing general agent (MGA), has expanded its senior leadership team with a series of key appointments. Johnny McCord, Founder and CEO of Loadsure, said, “Our expanded leadership team marks a significant milestone for Loads...

Posted: Apr 22, 2025

Shopify Must Face Data Privacy Lawsuit in US

Insurance Journal

A U.S. appeals court on Monday revived a proposed data privacy class action against Shopify, a decision that could make it easier for American courts to assert jurisdiction over internet-based platforms. In a 10-1 decision, the 9th U.S. Circuit Court...

Posted: Apr 22, 2025

Transatlantic Underwriters Expands Into Property, Liability Coverage, Names Flores SVP

Insurance Journal

Transatlantic Underwriters, a specialized wholesale brokerage for trucking and transportation insurance, is making a limited move into broader property-casualty coverage. The Marietta, Georgia-based firm, founded in 1989, introduced six new lines of...

Posted: Apr 22, 2025

South Florida Insurance Broker Pleads Guilty to Fraud in $133M ACA Enrollment Scheme

Insurance Journal

A south Florida insurance broker is awaiting sentencing after pleading guilty last week to a $134 million scheme that fraudulently enrolled thousands of people in Affordable Care Act health insurance plans. Dafud Iza, 54, of Pembroke Pines, signed a...

Posted: Apr 22, 2025

Multiple Security Failures? Arsonist Faced Little Resistance as Governor and Family Slept

Insurance Journal

The arsonist who broke into the Pennsylvania governor’s residence while Gov. Josh Shapiro and his extended family slept upstairs on the first night of Passover encountered little resistance as he scaled a security fence, smashed windows with a...

Posted: Apr 22, 2025

Starkweather & Shepley Acquires New Jersey’s AiK2 Insurance Services

Insurance Journal

Starkweather & Shepley Insurance Brokerage, Inc. (S&S) has acquired AiK2 Insurance Services, a New Jersey-based firm specializing in business insurance for wealth and asset managers. As part of the acquisition, AiK2 will rebrand under the Sta...

Posted: Apr 22, 2025

Nat Cat & extreme weather threatens insurability and bankability of renewables worldwide: GCube

Reinsurance News

Natural catastrophes and un-modelled extreme weather risks have now become a global threat for renewable energy markets, raising concerns about the long-term bankability and viability of clean energy projects as the industry expands, according to...

Posted: Apr 22, 2025

Alaska Native Who Alleged Wrongful Murder Conviction Reaches $11.5M Settlement

Insurance Journal

An Alaska Native man who maintained his innocence in the 1997 killing of a white teenager has agreed to an $11.5 million settlement with the city of Fairbanks after alleging police acted with a racial bias in a case in …

Posted: Apr 22, 2025

Relation Insurance Acquires True-Course Insurance Services in California

Insurance Journal

Relation Insurance Services acquired the assets of True-Course Aviation Services Inc. in Camarillo, California. Aejandro Galioto, owner of True-Course, will continue to lead the firm and spearhead the expansion of Relation’s dedicated aviation...

Posted: Apr 22, 2025

Built for the Future. Ready Today.

Insurance Journal

This post is part of a series sponsored by Expert Insured. The insurance industry is evolving quickly, and let’s face it-legacy systems won’t be part of its future. You’ve probably seen the signs yourself: outdated tech, cumbersome...

Posted: Apr 21, 2025

How Care-First Strategies Help Lower Workers’ Comp Costs

Risk & Insurance

Employers, providers, TPAs and other workers’ comp stakeholders need to work together to succeed. The post How Care-First Strategies Help Lower...

Posted: Apr 21, 2025

Walgreens to Pay $300 Million in US Opioid Settlement

Insurance Journal

Walgreens has agreed to pay $300 million to settle U.S. prosecutors’ allegations that it illegally filled millions of invalid prescriptions for opioids and other controlled substances, the U.S. Justice Department said on Monday. The money, plus...

Posted: Apr 21, 2025

What's Up With Our Robot Overlords?

Insurance Thought Leadership

What's Up With Our Robot Overlords? PaulCarroll Mon, 04/21/2025 - 20:51 Recent improvements in...

Posted: Apr 21, 2025

Guidewire Commits $60 Million to Japan Expansion

IIR

The company has announced a multiyear investment to enhance its cloud platform and support modernization for Japanese insurers.

Posted: Apr 21, 2025

COUNTRY Financial Reports CMT-Powered DriverIQ Program Improves Driving Safety

IIR

Participants who actively engage with the Cambridge Mobile Telematics-based app several times per week are 65 percent safer, based on scoring from key driving behaviors

Posted: Apr 21, 2025

Cork Launches Cyber Insurance Policy Analyzer

IIR

The company has introduced an AI-driven tool to help service providers identify coverage gaps and improve cyber risk management for small businesses.

Posted: Apr 21, 2025

Kingsway appoints Rob Humble as CEO of PWI and Penn Warranty

coverager

Humble will lead both entities under Kingsway’s Extended Warranty segment.

Posted: Apr 21, 2025

Intact names Lynn O’Leary president of US Global Specialty Lines

coverager

Intact is the largest provider of Property & Casualty insurance in Canada.

Posted: Apr 21, 2025

Lemonade withdraws North Carolina homeowners filing

coverager

Instead, the company is moving forward with a new renters insurance program, which it is pursuing through a separate filing.

Posted: Apr 21, 2025

LeaseLock partners with Esusu

coverager

LeaseLock is now adding credit building to its offerings.

Posted: Apr 21, 2025

Merchants Insurance Group relocates Eastern Strategic Business Center

coverager

The transition reflects Merchants’ ongoing investment in its regional infrastructure and agent network across the Northeast and Midwest.

Posted: Apr 21, 2025

California Workers’ Comp Board OKs Higher Pure Premium Rate Filing

Insurance Journal

The Workers’ Compensation Insurance Rating Bureau of California’s governing committee on Wednesday voted to authorize the WCIRB to submit a September 1, 2025 Pure premium rate filing on average 11.2% percent above the average approved Sep...

Posted: Apr 21, 2025

Applied Underwriters completes spin-off of United Risk

coverager

United Risk remains affiliated with Applied.

Posted: Apr 21, 2025

Travelers Income Drops 65% on Catastrophe Losses, Primarily California Wildfires

Carrier Management

Travelers Income Drops 65% on Catastrophe Losses, Primaril...

Posted: Apr 21, 2025

Victims of ‘Low Attention Disasters’ Must Go it Alone

Carrier Management

Victims of ‘Low Attention Disasters’ Must Go it Alone The ashes of Hatim Naim's burned home lie just a...

Posted: Apr 21, 2025

Bayer Lobbies States to Keep Glyphosate on Market

Carrier Management

Bayer Lobbies States to Keep Glyphosate on...

Posted: Apr 21, 2025

Bill Aims to Make Staged Accidents a Federal Crime

Carrier Management

Bill Aims to Make Staged Accidents a Federal Crime A new bill, H.R. 2622...

Posted: Apr 21, 2025

Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B: Aon

Insurance Journal

Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses across the globe, according to...

Posted: Apr 21, 2025

Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B

Insurance Journal

Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses across the globe, according to...

Posted: Apr 21, 2025

AM Best Downgrades Credit Ratings of Texas’ PrimeOne Insurance Group

Insurance Journal

AM Best has downgraded the Financial Strength Rating to B- (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb-” (Good) of PrimeOne Insurance Company in Dallas, Texas, a wholly own subsidiary...

Posted: Apr 21, 2025

ALKEME Acquires Michigan’s Crawford Insurance Group

Insurance Journal

ALKEME has announced its acquisition of Crawford Insurance Group (CIG), a highly regarded personal and commercial insurance agency headquartered in Rochester Hills, Michigan. Founded in 2001, CIG serves clients across a wide range of personal and com...

Posted: Apr 21, 2025

Capital Farm Credit Acquires Two Texas Agencies

Insurance Journal

The Board of Directors for Capital Farm Credit recently supported the purchase of two crop insurance agencies in the Texas Plains Region in an acquisition agreement aimed at serving as a long-term provider of critical crop insurance policies. Bennett...

Posted: Apr 21, 2025

From Analog to Autonomous: Building a Claims-Centric AI Strategy for Insurance Leaders

coverager

AI is no longer on the horizon; it's reshaping insurance operations in real-time. Consider the macro pressures: a shrinking adjuster workforce, rising claim volumes, complex policies, and increasing customer expectations for speed and transparency.

Posted: Apr 21, 2025