All Posts

FAA Grounds Helicopter Company After Fatal New York Crash

Insurance Journal

The Federal Aviation Administration ordered New York Helicopter Charter Inc. to cease operations while it conducts a review of the tour operator’s license and safety record following a deadly crash last week. The regulator’s decision, ann...

Posted: Apr 15, 2025

Could Utility Gear Set Your Neighborhood on Fire? California Risk Maps Are 8 Years Old

Insurance Journal

Weeks after deadly fires swept through Los Angeles County, the state regulator in charge of overseeing utility companies declined a request that would have required California’s largest utilities to update maps showing high fire threat areas. C...

Posted: Apr 15, 2025

Idaho Bail Agent Convicted of Insurance Fraud for Mishandling Funds

Insurance Journal

An Idaho man pleaded guilty to one count of felony insurance fraud for diverting fiduciary funds for personal use. Johnny Mateo Robles, Jr. of Twin Falls, pleaded guilty to one count of felony insurance fraud for diverting fiduciary funds that &#8230...

Posted: Apr 15, 2025

Ex-State Trooper to Plead Guilty to Falsifying Commercial Driver’s License Scores

Insurance Journal

A former Massachusetts State Police trooper has agreed to plead guilty to his role in an alleged conspiracy to falsify records by giving passing scores to certain commercial driver’s license (CDL) applicants even if they failed the CDL test or...

Posted: Apr 15, 2025

Allstate Agent Can be Sued Over Non-Renewal of ‘Grandfathered’ Flood Insurance Policy

Insurance Journal

A Connecticut agent for Allstate Insurance may be sued by an insured who faults the agent for not renewing a flood insurance policy in a timely fashion, thereby depriving the insured of the benefit of lower “grandfathered” flood insurance...

Posted: Apr 15, 2025

Allstate Agent Can Be Sued Over Nonrenewal of ‘Grandfathered’ Flood Insurance Policy

Insurance Journal

A Connecticut agent for Allstate Insurance may be sued by an insured who faults the agent for not renewing a flood insurance policy in a timely fashion, thereby depriving the insured of the benefit of “grandfathered” lower premiums on flo...

Posted: Apr 15, 2025

AM Best: Tariff Uncertainty Could Lead to Credit Rating Changes for Insurers

Insurance Journal

According to AM Best, the balance sheets of insurers can be pressured by the stock and bond market volatility caused by recent tariffs, resulting in financial exposure that could lead to some changes in credit ratings. The industry financial strength...

Posted: Apr 14, 2025

In Fight Over Insurance, Neighbors Crowdsource LA Fire Contamination Data

Carrier Management

In Fight Over Insurance, Neighbors Crowdsource LA Fire Contamination Data All sense of survivors' guilt...

Posted: Apr 14, 2025

AI Weather Models Promise Super Granular, Specialist Forecasts

Carrier Management

AI Weather Models Promise Super Granular, Specialist Forecasts The...

Posted: Apr 14, 2025

White House Budget Proposal Eliminates NOAA Climate Research

Carrier Management

White House Budget Proposal Eliminates NOAA Climate Research The administra...

Posted: Apr 14, 2025

Federal Bill Reintroduced to Combat Organized Retail Theft

Carrier Management

Federal Bill Reintroduced to Combat Organized Retail The...

Posted: Apr 14, 2025

2024 Second on Record for Most Tornadoes in the US in a Year

Carrier Management

2024 Second on Record for Most Tornadoes in the US in a Year New analysis indicates there were 1796 confir...

Posted: Apr 14, 2025

Linqura Launches AI Platform to Drive Commercial Insurance Growth

IIR

The company’s agentic-AI platform supports agents and insurers with automated risk tools.

Posted: Apr 14, 2025

SageSure and Auros Close $150 Million Catastrophe Bond

IIR

The upsized Gateway Re transaction marks Auros’ ILS market debut and positions SageSure among the top five global cat bond sponsors.

Posted: Apr 14, 2025

Duck Creek Technologies Appoints General Daniel Hokanson to Board

IIR

The retired four-star general brings strategic policy and leadership expertise to the P&C software provider.

Posted: Apr 14, 2025

Good Advice From Amazon's CEO

Insurance Thought Leadership

Good Advice From Amazon's CEO PaulCarroll Mon, 04/14/2025 - 19:03 For going on 30 years now, e...

Posted: Apr 14, 2025

Beyond the usual mortality risk metrics

Insurance Thought Leadership

Beyond the usual mortality risk metrics From Our Partners sradomski Mon, 04/14/2025 - 17:36

Posted: Apr 14, 2025

LoneTree and TruStage Ventures invest in Arkatechture

coverager

Arkatechture platform supports credit unions by enabling data-driven business decisions.

Posted: Apr 14, 2025

Vertafore and NetVU set to welcome thousands of insurance professionals to the industry’s premier te...

coverager

Independent agencies, MGAs and carriers are headed to Accelerate 2025 for four days of learning, connection and innovation

Posted: Apr 14, 2025

Mutual of Enumclaw names Bob Otis President and CEO

coverager

He began his career at Safeco.

Posted: Apr 14, 2025

Ransomware Hits DaVita, Kidney Care Provider Serving Hospitals

Insurance Journal

DaVita Inc. said it has been impacted by ransomware that had locked down parts of its network. The company, which specializes in providing kidney dialysis to patients at more than 700 hospitals in the US, said in a statement Monday …

Posted: Apr 14, 2025

Resilience Redefines Results

Risk & Insurance

Learn strategies to reduce claim duration, support employees, and integrate resilience into claims for lasting impact. The post Resilience Redefines Results appeared...

Posted: Apr 14, 2025

​RSA to rebrand as Intact Insurance

coverager

To accelerate progress against its strategic objectives, RSA will rebrand to Intact Insurance.

Posted: Apr 14, 2025

April is Distracted Driving Awareness Month: COUNTRY Financial® DriverIQ Auto Telematics Program is...

coverager

  Cambridge, MA, April 14, 2025 – COUNTRY Financial and Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, announce DriverIQ Auto Telematics Program is Improving Safe Driving Behaviors....

Posted: Apr 14, 2025

Berkley names Michael G. MacMullin president of Berkley Luxury Group

coverager

The appointment is effective immediately.

Posted: Apr 14, 2025

Klaimy raises €1.2 million

coverager

Klaimy will use the funding to scale its engineering and data science teams.

Posted: Apr 14, 2025

Ageas to acquire esure

coverager

Arkatechture platform supports credit unions by enabling data-driven business decisions.

Posted: Apr 14, 2025

EEOC Sues Illinois Shipping Company Under Pregnant Workers Fairness Act

Insurance Journal

The U.S. Equal Employment Opportunity Commission (EEOC) sued R&L Carriers Shared Services, LLC, a freight transportation and logistics company, to enforce a subpoena that the EEOC issued during their investigation of a sex and pregnancy discrimin...

Posted: Apr 14, 2025

Houston Resident Charged in $35M Fraud Scheme

Insurance Journal

A 62-year-old Houston resident has admitted to laundering proceeds from a large-scale bank fraud scheme, announced U.S. Attorney Nicholas J. Ganjei. William Mills admitted that from 2014 to 2023, he conspired with others in a bank fraud scheme involv...

Posted: Apr 14, 2025

Texas Man Suing Tennessee Titans Player Over Shooting at Car Lot

Insurance Journal

A Texas man who says Titans cornerback L’Jarius Sneed or his personal assistant shot at him while he was sitting inside a Mercedes-Benz on a dealer lot in December is suing the two-time Super Bowl champ for at least $1 …

Posted: Apr 14, 2025

Arundo Re expands Indian sub-continent presence with addition of Kshitij Chirimar

Reinsurance News

French reinsurer Arundo Re has hired Kshitij Chirimar as Senior Underwriter for the Indian sub-continent, expanding the company’s presence across the region. Chirimar brings more than 10 years of reinsurance industry experience to the role,...

Posted: Apr 14, 2025

REPAIR programme supports Mozambique’s cyclone recovery

Reinsurance News

The Regional Emergency Preparedness and Inclusive Access to Recovery (REPAIR) programme, a collaborative initiative led by the World Bank, supported by the Global Shield Financing Facility (GSFF), and implemented by ARC Ltd., an affiliate of the A...

Posted: Apr 14, 2025

Cyber Insurance Market Size Expected to Soar: Munich Re

Insurance Journal

Munich Re said in a recent report it expects the global cyber insurance market to reach about $16.3 billion gross premiums in 2025, with continued growth that will have the market at more than $32 billion in 2023. In “Cyber …

Posted: Apr 14, 2025

Higginbotham Adds Agencies in Georgia, Tennessee to the Team

Insurance Journal

Higginbotham, one of the largest insurance agencies headquartered in Texas, has expanded its footprint in the Southeast by adding agencies in Georgia and Tennessee. The firm announced that Tidwell & Hilburn Insurance in Macon has become the 11th...

Posted: Apr 14, 2025

Intact estimates Q1’25 cat losses at $244m

Reinsurance News

Intact Financial Corporation, a Canadian property and casualty insurer, has estimated total catastrophe losses for the first quarter of 2025 of approximately $244 million, pre-tax and net of reinsurance. Personal lines contributed $82 million, whi...

Posted: Apr 14, 2025

Walmart Employee Kills Co-Worker in Georgia, Driver in Florida Injures Store Worker

Insurance Journal

COVINGTON, Ga. (AP) — A Walmart employee shot and killed a co-worker inside a Georgia store and critically wounded another worker outside early Friday while the business was closed to the public, authorities said. After leaving the store, the gunman...

Posted: Apr 14, 2025

Energy Insurance Buyers Gain Upper Hand as Rates Continue to Fall

Risk & Insurance

Energy insurers chasing market share and cutting rates, despite concerns about profitability, WTW reports. The post Energy Insurance B...

Posted: Apr 14, 2025

American Integrity promotes Madigan to SVP, Underwriting and Client Services

Reinsurance News

American Integrity Insurance Group, a provider of residential property insurance in Florida, has promoted Patrick Madigan to Senior Vice President (SVP) of Underwriting and Client Services. In the expanded role, Madigan will continue to shape the...

Posted: Apr 14, 2025

Record Q1’25 cat bond issuance of $7.1bn the second largest single quarter ever: Report

Reinsurance News

The catastrophe bond and related insurance-linked securities (ILS) market witnessed a huge $7.1 billion of issuance in the first quarter of 2025, a new record for the period, which helped take the outstanding market size to a new high of $52.2 bil...

Posted: Apr 14, 2025

Novatae acquires Ajax Specialty Insurance

Reinsurance News

Novatae Risk Group, a wholesale insurance brokerage, managing general agency, and program manager, has acquired the assets of Atalanta-domiciled Ajax Specialty Insurance. The terms of the transaction were not disclosed. Founded in 2012 by current...

Posted: Apr 14, 2025

April US floods & SCS outbreak to cause insured losses up to $3bn: Gallagher Re

Reinsurance News

Reinsurance broker Gallagher Re has pegged preliminary insured losses from the persistent flooding and severe weather across the central and southern US in early April at between $1 billion and $3 billion, but warns that this initial range is subj...

Posted: Apr 14, 2025

New York Attorney General Urges Congress to Bolster Crypto Regulations

Insurance Journal

New York Attorney General Letitia James urged lawmakers on Thursday to pass legislation to create a federal regulatory framework for cryptocurrencies, arguing that digital asset investors urgently need stronger protections. In a letter to top congres...

Posted: Apr 14, 2025

Brenden Beeg joins Amwins as VP for Alternative Risk

Reinsurance News

Brenden Beeg has joined Amwins, a distributor of specialty insurance products and services, as Vice President – Alternative Risk. In his new role, he will be working alongside Alex Kaplan, Amwins’s Executive Vice President for Alternative Ri...

Posted: Apr 14, 2025