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NTSB Faults ‘Failure’ in Training Before Deadly Newark Cargo Ship Fire

Insurance Journal

The Newark fire department’s lack of training and familiarity with marine firefighting during a deadly cargo ship fire at the East Coast’s largest port in July 2023 amounted to a “failure of leadership,” the head of the Nation...

Posted: Apr 17, 2025

California Sets Aside $170M to Thin Vegetation, Forests to Help Prevent Wildfires

Insurance Journal

Gov. Gavin Newsom signed new legislation on Monday that will provide more than $170 million in state funding to help prevent wildfires while signing an order aimed at speeding up the work by easing environmental permitting. The funding — which &#8230...

Posted: Apr 17, 2025

Judge Blocks Trump’s Freeze on Climate, Infrastructure Grants

Insurance Journal

A U.S. judge blocked President Donald Trump’s administration on Tuesday from freezing billions of dollars in grants Congress authorized under climate investment and infrastructure laws of his Democratic predecessor, former President Joe Biden....

Posted: Apr 17, 2025

People Moves: Samsom Named Commissioner of Vermont Financial Regulation

Insurance Journal

Vermont Governor Phil Scott recently announced several leadership appointments including Kaj Samsom as commissioner of the Department of Financial Regulation (DFR). Prior to his appointment, Samsom served as chief auditor at the National Life Group....

Posted: Apr 17, 2025

Tesla Slumps Below 50% Share of California’s Electric Car Market

Insurance Journal

Tesla Inc. is no longer selling the majority of new electric cars registered in California, the state that accounts for almost a third of all zero-emission vehicle purchases in the US. The company’s share of EV sales in the state …

Posted: Apr 17, 2025

Potential Tariff Auto Severity Impact on Travelers: Single-Digits or Less

Carrier Management

Potential Tariff Auto Severity Impact on Travelers: Single-Digits or...

Posted: Apr 17, 2025

TMK appoints Oliver Delaney as Departmental Head of Liability

Reinsurance News

Tokio Marine Kiln (TMK), a global specialty insurer, has announced the appointment of Oliver Delaney as Departmental Head of Liability. In this new role, Delaney will focus on driving commercial opportunities and maintaining TMK’s strong ser...

Posted: Apr 17, 2025

Accelerating Policy Issuance: How Expert Insured Gets MGAs and Wholesalers Ready to Go Live in Days

Insurance Journal

This post is part of a series sponsored by Expert Insured. In the fast-paced insurance landscape, time is critical. For MGAs and wholesalers, delays in policy issuance can mean missed opportunities and increased costs. Built on over 15 years of &#823...

Posted: Apr 16, 2025

How the Right Insurance Carrier can Help Mitigate this Overlooked Risk for Contractors

Risk & Insurance

Small to medium-sized contractors may not have obvious exposures to environmental risk, but the potential for pollution exists even in the smallest projects. A consultative insurer with deep technical expertise can help to identify, mitigate, and...

Posted: Apr 16, 2025

On-Demand Webinar — Unlocking Service Center Efficiencies: A Strategic Approach to Reducing Operatin...

Risk & Insurance

Join us to discover how your organization can achieve sustainable cost reduction while creating better experiences for both customers and employees. The post

Posted: Apr 16, 2025

WTW introduces Radar Vision for insurers

coverager

Radar is WTW’s end-to-end analytics and model deployment tool.

Posted: Apr 16, 2025

IoT Sensors Transform Winter Insurance Protection

Insurance Thought Leadership

IoT Sensors Transform Winter Insurance Protection IOT

Posted: Apr 16, 2025

Infinite Reality to Acquire Touchcast for $500 Million

IIR

The deal will integrate agentic AI into Infinite Reality’s products and values the company at $15.5 billion.

Posted: Apr 16, 2025

Southern Cross Selects Input 1 Software to Launch Finance Unit

IIR

The Texas-based premium finance startup will use Input 1’s platform to streamline operations and support long-term growth.

Posted: Apr 16, 2025

Triple-I Economist Available to Discuss Potential Insurance Implications from Tariffs

Insurance Information Institute

Media Contact: New York Press Office Loretta Worters 917-208-8842 [email protected]     MALVERN, Pa., April 17, 2025 – Tariff uncertainty may impact the U.S. property/casualty (P/C) insurance industry, potentially leading to increased costs, economic...

Posted: Apr 16, 2025

1Fort Raises $7.5 Million to Expand AI Insurance Platform

IIR

The New York-based InsurTech will use the funding to improve automation for brokers and grow carrier partnerships.

Posted: Apr 16, 2025

AXA XL Deploys Guidewire Cloud to Streamline Policy Issuance

IIR

The insurer’s Middle Market unit will use PolicyCenter to reduce manual processes and improve broker experience across all 50 states.

Posted: Apr 16, 2025

Allianz Commercial Names Melissa Hill Head of North American Claims

IIR

Hill succeeds retiring executive Frank Sapio and will oversee claims operations across the region.

Posted: Apr 16, 2025

Stillwater Insurance Group downgraded by AM Best

coverager

SageSure and Auros raised $150 million from investors to better protect against future storms and support their growth in high-risk areas.

Posted: Apr 16, 2025

FEMA Denies Washington State Disaster Relief From Bomb Cyclone, Governor Says

Insurance Journal

The Federal Emergency Management Agency has denied Washington state’s request for emergency relief funds to help repair an estimated $34 million in damage from a deadly bomb cyclone storm system in November, according to Gov. Bob Ferguson. Ferg...

Posted: Apr 16, 2025

Pinpointing Political Violence Coverage Through Analysis

Insurance Thought Leadership

Pinpointing Political Violence Coverage Through Analysis ITL Editorial Team Wed, 04/16/2025 - 15:57...

Posted: Apr 16, 2025

Pinpointing Political Violence Coverage

Insurance Thought Leadership

Pinpointing Political Violence Coverage Commercial Lines

Posted: Apr 16, 2025

PolicyMe announces $30 million CAD in funding

coverager

PolicyMe was launched in 2018.

Posted: Apr 16, 2025

Progressive announces new Cargo Plus coverage

coverager

Motor Truck Cargo coverage offers protection in the event a trucker is legally liable for damage to covered property while in the trucker's exclusive physical custody.

Posted: Apr 16, 2025

RYZE Claim Solutions acquires Acorn Claims

coverager

Acorn Claims is a Missouri-based firm offering nationwide daily and catastrophe claims services.

Posted: Apr 16, 2025

U.S. P/C Industry Combined Ratio Headed Back Up to 100; Capital Stresses Analyzed: S&P Ratings

Carrier Management

InsurTech Profile: Tech Innovation Guides Work at Turvi M...

Posted: Apr 16, 2025

Wildfire Losses Increasing But Still Small Compared to Hurricanes: KCC

Carrier Management

Wildfire Losses Increasing But Still Small Compared to Hurricanes: KCC Wildfire losses in the U.S. are increa...

Posted: Apr 16, 2025

FEMA Denies Washington State $34B Disaster Relief From Bomb Cyclone

Carrier Management

FEMA Denies Washington State $34B Disaster Relief From Bomb Cyclone The Federal Emergency Management Ag...

Posted: Apr 16, 2025

Delayed NY’s Retail Worker Safety Act Goes into Effect June 2

Carrier Management

Delayed NY’s Retail Worker Safety Act Goes into Effect June 2 Originally...

Posted: Apr 16, 2025

US Excess & Surplus Lines Boosts London Market Re/Insurers’ Topline Growth

Insurance Journal

The U.S. excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the London market – which could help counteract some possible headwinds, according to a report from AM Best. “E...

Posted: Apr 16, 2025

US Excess & Surplus Lines Boost London Market Re/Insurers’ Topline Growth

Insurance Journal

The U.S. excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the London market – which could help counteract some possible headwinds, according to a report from AM Best. “E...

Posted: Apr 16, 2025

Group Sues California Department of Insurance Over FAIR Plan Surcharges

Insurance Journal

A consumer advocacy group has sued the California Department of Insurance and Commissioner Ricardo Lara to block hundreds of millions of dollars in surcharges that could soon appear on California homeowners’ insurance bills. Consumer Watchdog s...

Posted: Apr 16, 2025

Louisiana Lawmakers Tackle Insurance Affordability Crisis in Legislative Session

Insurance Journal

The Louisiana legislative session is underway this week in Baton Rouge, where lawmakers are primed to address the state’s insurance affordability crisis. Governor Jeff Landry and Insurance Commissioner Tim Temple both have made it clear that in...

Posted: Apr 16, 2025

Central & West Asian insurers turn to international reinsurance amid risks: AM Best

Reinsurance News

Central and West Asian insurers are increasingly turning to international reinsurance business as they seek to diversify their domestic books and establish a presence in foreign markets—though this approach carries substantial risks, according to...

Posted: Apr 16, 2025

California’s Newsom to Sue Over Trump’s Tariffs

Insurance Journal

California Governor Gavin Newsom said his state is suing to halt Donald Trump’s tariffs, setting up a high-stakes legal challenge to the president’s landmark effort to overhaul global trade. The state will file a complaint Wednesday in Sa...

Posted: Apr 16, 2025

California’s Newsom Sues Trump Over ‘Chaos’ of Tariff Regime

Insurance Journal

California Governor Gavin Newsom sued to halt Donald Trump’s tariffs, setting up a high-stakes legal challenge to the president’s landmark effort to overhaul global trade. The state is challenging Trump’s use of emergency powers to...

Posted: Apr 16, 2025

Xceedance appoints Subramanian Sankaran as Global COO

Reinsurance News

Xceedance, a global provider of technology and digital solutions, has announced the appointment of Subramanian (Subbu) Sankaran as Global Chief Operating Officer. Sankaran brings over 30 years of experience in global operations and transformation...

Posted: Apr 16, 2025

Kentucky Tobacco Warehouse Manager Indicted in Crop Insurance Fraud Scheme

Insurance Journal

Prosecution of widespread crop insurance fraud in Kentucky has continued with the indictment of a tobacco warehouse manager who allegedly facilitated some of the schemes. Thomas H. Kirkpatrick, manager of Farmers Tobacco Warehouse in Danville, conspi...

Posted: Apr 16, 2025

Multinationals Turn to Captive Insurance as Trade Credit Market Tightens

Risk & Insurance

WTW report highlights strategic advantages of captive solutions amid expected rise in corporate insolvencies and stricter underwriting standards. The post

Posted: Apr 16, 2025