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Residents of the mostly Black communities sandwiched between chemical plants along the lower Mississippi River have long said they get most of the pollution but few of the jobs produced by the region’s vast petrochemical industry. A new study l...
Posted: Apr 17, 2025
Speaking during Marsh McLennan’s Q1 2025 earnings call this afternoon, Dean Klisura, CEO of reinsurance broker Guy Carpenter, provided an outlook for the mid-year reinsurance renewals. Klisura indicated that he expects the trends seen during...
Posted: Apr 17, 2025
A former Friendswood, Texas insurance agent turned himself into authorities last week over charges that he fraudulently brokered insurance policies, the Friendswood Police Department announced. Edgar Peralta of Edgar Peralta with Peralta Insurance Br...
Posted: Apr 17, 2025
The partnership is supported by Wakam, a B2B2C insurer.
Posted: Apr 17, 2025
Ignyte launches following the recent sale of NSM Insurance Group's US commercial business to New Mountain Capital.
Posted: Apr 17, 2025
A man who was arrested outside the headquarters of UnitedHealthcare had a history of mental health issues and threatened to shoot up corporate facilities, according to charges filed Tuesday. The 26-year-old was charged Tuesday in Hennepin County Dist...
Posted: Apr 17, 2025
Marsh McLennan reported consolidated revenue during the first quarter of $7.1 billion, an increase of 9% compared with Q1 2024, or 4% on an underlying (organic) basis. MMC had organic growth of 9% in Q1 2024. Q1 operating income was …
Posted: Apr 17, 2025
In 2022, federal officials rebuked a major coal plant next to the Ohio River for letting coal waste — in a pile so big it could fill the Dallas Cowboys’ football stadium twice over — threaten groundwater with heavy metal …
Posted: Apr 17, 2025
Amwins Special Risk Underwriters (SRU) has launched its new Excess Casualty Sidecar Program, offering comprehensive coverage solutions across a wide range of industries. Available exclusively through Amwins brokers and written on A+ rated paper, t...
Posted: Apr 17, 2025
Independent insurance broker Lockton has announced the appointment of Chris DiLullo as its first U.S. Industry Practices Leader. In this newly created role, DiLullo will report to Tim Ryan, U.S. President at Lockton, and lead the firm’s national s...
Posted: Apr 17, 2025
Insurance Business Magazine - US
Posted: Apr 17, 2025
Insurance Business Magazine - US
Posted: Apr 17, 2025
Record-breaking fires account for 71% of global insured losses in Q1, and U.S. faces highest economic losses from disasters since 1994, Aon reports. The post
Posted: Apr 17, 2025
According to Aon’s Q1 Global Catastrophe Recap, insured losses in the opening quarter exceeded $53 billion, well above the 21st-century Q1 average of $17 billion, marking the second-highest total on record after Q1 2011. As per the firm̵...
Posted: Apr 17, 2025
Retired coal miner Stanley “Goose” Stewart questions whether it’s safe for anyone to work in the industry right now. The Department of Government Efficiency, created by President Donald Trump and run by Elon Musk, has been targeting...
Posted: Apr 17, 2025
Retired coal miner Stanley “Goose” Stewart questions whether it’s safe for anyone to work in the industry right now. The Department of Government Efficiency, created by President Donald Trump and run by Elon Musk, has been targeting...
Posted: Apr 17, 2025
Ignyte Insurance has officially launched as a specialty insurance platform focused on acquiring, scaling, and accelerating high-performing insurance brands in niche markets globally. Led by Geof McKernan, Bill McKernan and Marc Castellucci, the la...
Posted: Apr 17, 2025
AM Best has revised the outlooks to negative from stable of Loudoun Mutual Insurance Co. of Waterford, Virginia based on the “deterioration in Loudoun’s underwriting and operating performance” in recent years and corresponding ̶...
Posted: Apr 17, 2025
Neptune Flood, a private flood insurance provider in the US, has announced several strategic leadership updates to support its ongoing expansion. Matt Duffy has been promoted from Managing Director to President. In this expanded role, Duffy will l...
Posted: Apr 17, 2025
The insurer is deploying Predictice’s conversational AI tool, Assistant, to 200 employees within its legal protection subsidiary.
Posted: Apr 17, 2025
The new coverage is written on A+ paper.
Posted: Apr 17, 2025
The acquisition gives Pliant a way into health insurance.
Posted: Apr 17, 2025
Specialty insurer NSM Insurance Group said it has completed the sale of its U.S. commercial insurance division to investment firm New Mountain Capital. The agreement includes NSM’s portfolio of 15 niche insurance programs across property/casual...
Posted: Apr 17, 2025
Gallagher has launched a new Risk Advisory practice for the Middle East and Africa (MEA) region with the appointment of Stephen Scott as its Head. In his new role he will bring together Gallagher’s global consulting and analytic capabilities with...
Posted: Apr 17, 2025
China is banning automakers from using the terms “smart driving” and “autonomous driving” when they advertise driving assistance features, and it will tighten scrutiny of such technology upgrades. The mandate on vehicle advert...
Posted: Apr 17, 2025
Global broking group Marsh McLennan’s reinsurance arm, Guy Carpenter, saw its revenue increase in the first quarter of 2025 to $1.2 billion, as total revenue within the Risk & Insurance Services segment rose 11%. Guy Carpenter’s re...
Posted: Apr 17, 2025
UK fraud cops have charged an insurance broker with bribery, after a four-year probe into alleged corruption involving state-run insurance contracts in Ecuador. The Serious Fraud Office accused United Insurance Brokers Ltd. of failing to prevent asso...
Posted: Apr 17, 2025
K2 Cyber, a K2 Insurance Services brand, has partnered with TransUnion, a global information and insights company, for Commercial Cyber Services and Cyber Claims Management. Through this collaboration, K2 Cyber policyholders will have access to Tr...
Posted: Apr 17, 2025
International speciality re/insurance MGA Rokstone, part of the Aventum Group, has announced the appointment of Giles Hussey as SEO of its Dubai International Financial Centre (DIFC) operations, subject to regulatory approval. With a 35-year caree...
Posted: Apr 17, 2025
Mitigrate, a climate insurtech and Lloyd’s Lab alumni, has received a strategic investment from Lloyd’s, with continued support from its existing investors. Mitigrate is a ClimateTech SaaS startup offering a platform designed to reduce flood risk...
Posted: Apr 17, 2025
Ardonagh Netherlands, the Dutch arm of The Ardonagh Group, has announced the appointment of Wim Hekstra as Chief Executive Officer, effective June 1st, 2025. In his new role, Hekstra will lead Ardonagh Europe’s regional growth strategy as the busi...
Posted: Apr 17, 2025
Zurich-based catastrophe insurance data provider PERILS AG has added market sums insured for the peril of severe convective storm (SCS) in Europe, Japan, and New Zealand to its 2025 Industry Exposure Database (IED), citing growing demand from re/i...
Posted: Apr 17, 2025
Transatlantic Underwriters (TAU), a specialty insurance firm known for its focus on the transportation sector, is expanding its services with the introduction of a Property & Casualty (P&C) division. This strategic move broadens TAU’s capa...
Posted: Apr 17, 2025
Credit rating agency AM Best has upgraded the credit ratings of FAIR Oil & Energy Insurance Syndicate (FOEIS), and revised the outlook to stable from positive. FOEIS’ Financial Strength Rating has been upgraded to B++ (Good) from B+ (Good) and...
Posted: Apr 17, 2025
Healthcare organizations continue to find themselves at the forefront of cyber risk. Exposures such as IT supply chain dependencies, website tracking litigation, ransomware attacks, new security regulations, and data breach class actions put healthca...
Posted: Apr 17, 2025
Guernsey Finance, the promotional agency for the island’s financial services sector, has named Paul Sykes as its new Chairman. The organisation represents and supports Guernsey’s globally respected finance industry, which spans investment funds, p...
Posted: Apr 17, 2025
2025 Political Violence and Civil Unrest Risks Commercial Lines
Posted: Apr 17, 2025
Having received all necessary regulatory approvals, independent specialty MGA Optio Group has completed the acquisition of Norwegian-based MGA S Insurance AS (S Insurance). This transaction, previously announced in March 2025, is a further strateg...
Posted: Apr 17, 2025
U.S. officials will extend support for 11 months for a database of cyber weaknesses that plays a critical role in fighting bugs and hacks, a spokesperson said on Wednesday, just as the funding was due to run out. The expected …
Posted: Apr 17, 2025
Wildfire losses obscured what executives of Travelers described as outstanding underlying results for the insurer’s first quarter—and looking ahead, the company is well-positioned to face the impacts of macroeconomic uncertainty, the chief exec...
Posted: Apr 17, 2025
A North Carolina House of Representatives committee voted Wednesday to do away with educational course requirements for insurance agent licenses, a move that could help address what has been called a shortage of producers in the state. “It̵...
Posted: Apr 17, 2025
It was once known as Anchor Property & Casualty Insurance Co., based in St. Petersburg, Florida, and launched in 2014. Then it was known as another Florida carrier that had slipped into financial troubles and was placed into an orderly …
Posted: Apr 17, 2025
A commercial truck driver who was acquitted in the 2019 deaths of seven motorcyclists in New Hampshire pleaded guilty and was sentenced Monday for driving under the influence in Connecticut a month before the deadly crash — an offense that …
Posted: Apr 17, 2025
New York State’s Inspector General said her office identified $2.7 million in workers’ compensation fraud in 2024, a nearly 30% increase compared to 2023. Inspector General Lucy Lang also reported there were 14 arrests for workers’...
Posted: Apr 17, 2025