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Estonia’s navy stopped and boarded a sanctioned, Russia-bound vessel in the Baltic Sea on Friday over its insurance status and suspicions that the vessel belonged to Moscow’s shadow fleet, which facilitates the illicit trade in Russian oi...
Posted: Apr 14, 2025
Moody’s Ratings has changed the outlook of Peak Re to positive from stable, citing that the contagion risk from the reinsurer’s majority shareholder, Fosun International Limited, is declining. According to the rating agency, the contagion ri...
Posted: Apr 14, 2025
Insurance Business Magazine - US
Posted: Apr 14, 2025
A deadly landslide at a top nickel-producing hub in Indonesia has heightened scrutiny of a method used to extract the battery metal from low-grade ore, spurring concern among buyers about the future of a vital source of supply. Two workers …
Posted: Apr 14, 2025
Canopius Group, a global specialty and P&C insurer and reinsurer, has appointed Andrew Ziolkowski as its new Head of Australia and New Zealand (ANZ), effective October 25th, 2025. He succeeds Craig Elliot, who has served as interim head of the...
Posted: Apr 14, 2025
Aon’s Climate Risk Advisory and environmental risk solutions teams have developed a new specialty insurance product to cover liabilities and mitigate the risk associated with the plugging of abandoned oil and gas wells in the US. The new Plug and...
Posted: Apr 14, 2025
Morocco ‘s social security agency said troves of data were stolen from its systems in a cyberattack this week that resulted in personal information being leaked on the messaging app Telegram. The North African kingdom’s social security fu...
Posted: Apr 14, 2025
The United Kingdom’s non-life insurance sector is expected to remain on stable footing in the near term, according to credit rating agency AM Best, which recently reaffirmed its outlook for the market. One of the more significant development...
Posted: Apr 14, 2025
The weather forecasting industry has made big leaps in accuracy but has struggled with hyper-local predictions. But the proliferation of AI weather models in recent years means small, commercial firms are now developing the ability to rapidly make sp...
Posted: Apr 14, 2025
Smart Inbox automates processing of documents for both agency bill and direct bill workflows San Francisco, August 14, 2025 – Ascend, the leading financial operations automation platform for the insurance industry, today announced the launch of Smart...
Posted: Apr 14, 2025
Reinsurance broker Gallagher Re has announced the appointment of Tom Dixon as Head of Legacy UK. Dixon brings 20 years of experience in insurance and transactions, beginning in insurance audit and transaction services before transitioning into non...
Posted: Apr 14, 2025
Underreporting of business interruption exposures can be just expensive as the same shortfall in property. The post
Posted: Apr 14, 2025
Ageas has agreed to buy British car and home insurer esure from Bain Capital for 1.3 billion pounds ($1.7 billion) in a move that will create the third largest personal lines platform in the UK, the Belgian insurance company said …
Posted: Apr 14, 2025
Munich Re Specialty, part of the Munich Re Group insurance operations, has completed the sale of boat insurance specialist GJW Direct to Ripe. The deal, first announced in October 2024, marks the transfer of GJW Direct after more than 20 years as...
Posted: Apr 14, 2025
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has appointed Trevor Oates as Head of Reinsurance. Oates joins ASR from Canopius, where he spent 25 years in a range of underwriting roles, most recently as a treaty underw...
Posted: Apr 14, 2025
Sompo Asia Pacific has announced the appointment of Pui Ying Fun as Vice President, Regional Treasurer, Asia Pacific (APAC). In her new role, Fun will be responsible for managing Sompo’s financial resources, ensuring liquidity, helping optimise ca...
Posted: Apr 14, 2025
Federal regulators have ordered the operator of the Keystone Pipeline to take several corrective actions after a rupture caused 147,000 gallons of oil to spill onto farmland in North Dakota, and the company said its goal is to resume deliveries ̷...
Posted: Apr 14, 2025
Federal regulators have ordered the operator of the Keystone Pipeline to take several corrective actions after a rupture caused 147,000 gallons of oil to spill onto farmland in North Dakota, and the company said its goal is to resume deliveries ̷...
Posted: Apr 14, 2025
Ageas has agreed with Bain Capital to acquire esure, a digital UK personal lines insurer, for a cash consideration of £1.295 billion. Ageas suggested that the acquisition will strengthen its presence in European markets by adding a controlled enti...
Posted: Apr 14, 2025
CLARA Analytics, a provider of artificial intelligence (AI) solutions for claims optimisation, has announced that its integration with Guidewire ClaimCenter has delivered measurable success, significantly enhancing claims workflows and financial o...
Posted: Apr 14, 2025
DLA Piper, a global law firm, has appointed Charles Rix to its International Insurance team, based in London. Rix’s appointment aligns with DLA Piper’s growth strategy and strengthens its insurance sector bench. In the role, he will us...
Posted: Apr 14, 2025
Susman Godfrey is the latest major law firm to take the Trump administration to court over an executive order aimed at its attorneys. Susman on Friday filed a suit to challenge President Donald Trump’s April 9 order, arguing that he …
Posted: Apr 14, 2025
The cybersecurity industry has gone mostly quiet after President Donald Trump took action against one of its prominent members. Trump on Wednesday ordered the cancellation of security clearances of SentinelOne executives and employees, part of a camp...
Posted: Apr 14, 2025
MIAMI (AP) — A South Florida art dealer and another man face charges involving the sale of fake Andy Warhol artworks, authorities said. Leslie Roberts, 62, of Miami, and Carlos Miguel Rodriguez Melendez, 37, of Sunny Isles, were arrested Wednesday &#...
Posted: Apr 14, 2025
BOCA RATON, Fla. (AP) — Three people were killed and one was injured when a small plane crashed Friday morning in South Florida near a major interstate highway and pushed a car onto railroad tracks, officials said. Boca Raton Fire …
Posted: Apr 14, 2025
Hawaiian Electric Co. is making a final legislative push this month, asking lawmakers to help shore up its financial foundation, which crumbled after the 2023 Maui wildfire that killed 102 people and destroyed much of Lahaina. HECO and its parent ...
Posted: Apr 14, 2025
A fire that raced through a southern New Jersey neighborhood, killing two young sisters and burning six homes, apparently started in a duplex where the girls’ family lived, authorities said Friday. The cause of the fire in Millville remains und...
Posted: Apr 14, 2025
A helicopter ride giving a thrilling sweep of Manhattan’s iconic skyline has long been on the to-do list for New York City tourists of means. For several hundred dollars, tour companies fly passengers high above the rivers that encircle the ...
Posted: Apr 14, 2025
A bipartisan group of senators is supporting a bill designed to reduce wildfire risks and increase firefighting cooperation across state lines in the U.S. Western region. The Fix Our Forests Act is backed by senators from Utah, California, Montana an...
Posted: Apr 14, 2025
Eric M. Hansen, senior vice president – underwriting at Preferred Employers, has been re-elected as chair of the California Workers’ Compensation Institute board of directors for 2025. Hansen was first elected to CWCI’s Board in 2014, has...
Posted: Apr 14, 2025
The first quarter of 2025 saw both personal and commercial lines insurance rates continue to increase.
Posted: Apr 13, 2025
With regulatory gaps and safety concerns surrounding hemp-derived THC beverages, manufacturers, distributors and retailers need to protect themselves with the right insurance coverage. Here are three ways agents can help.
Posted: Apr 13, 2025
As adverse weather events continue to increase in frequency and severity and humans continue to add infrastructure, changing the potential for flooding, agents can offer their expertise on this increasing risk.
Posted: Apr 13, 2025
Insurance Information Institute
Media Contact: Florida Press Office Mark Friedlander 904-806-7813 [email protected] BATON ROUGE, April 14, 2025 – The Insurance Information Institute (Triple-I) has launched a comprehensive awareness campaign in Baton Rouge, highlighting legal system...
Posted: Apr 13, 2025
The Indianapolis-based firm offers fractional and strategic services to support insurance industry innovators.
Posted: Apr 13, 2025
The tool uses artificial intelligence to automate financial document processing for agency and direct bill workflows.
Posted: Apr 13, 2025
Proactive communication—before, during, and after catastrophes—can help insurers mitigate confusion, reduce customer attrition, and reinforce their role as trusted partners.
Posted: Apr 13, 2025
US Senate Minority Leader Chuck Schumer called on the Federal Aviation Administration to immediately revoke New York Helicopter Charter Inc.’s license and expand safety inspections of other tour operators after a crash last week killed six peop...
Posted: Apr 13, 2025
Law firm Paul Weiss Rifkind Wharton & Garrison has long held itself up as a trailblazer on environmental, social and governance (ESG) issues. It launched one of the legal industry’s early standalone ESG advisory practices in 2020 to guide c...
Posted: Apr 13, 2025
AM Best noted ongoing execution risk given the company’s expansion plans and concentration in the annuity market.
Posted: Apr 13, 2025
Amadori will focus on delivering Management Liability solutions for publicly traded companies.
Posted: Apr 13, 2025
In writing — and underwriting — generative AI must be reviewed. The post Genuine Scrutiny: The AI Edition appeared first on R...
Posted: Apr 13, 2025
Terms of the transaction were not disclosed.
Posted: Apr 12, 2025
The ratings update follows capital management actions initiated by IMT after a downgrade in August 2024 tied to weather-driven underwriting losses and inflationary pressures.
Posted: Apr 12, 2025