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Insurance Business Magazine - US
Posted: Jul 29, 2025
As insurers prepare for 2026 amid softening market conditions and a shifting risk landscape, LCP is urging general insurance actuaries to review their modelling assumptions to ensure capital models remain robust—factoring in climate risks alongsid...
Posted: Jul 29, 2025
DOXA, headquartered in Fort Wayne, Indiana, hired Sean Curry as executive vice president of its brokerage vertical. Curry guides DOXA’s expansion of its product expertise and rapid responsiveness in new markets with hard-to-place risks. Curry h...
Posted: Jul 29, 2025
Munich Re Specialty – North America, part of the insurance operations of global reinsurer Munich Re, has announced the promotion of Claudia Carnevale to Head of North America Programs. In this role, Carnevale will oversee the company’s North Ameri...
Posted: Jul 29, 2025
The number of people killed in U.S road crashes was down 6.3% in the first three months of 2025, according to newly released data by the National Highway Traffic Safety Administration. Traffic fatalities totaled 8,055, the lowest quarterly rate in &#...
Posted: Jul 29, 2025
US-based insurer The Hartford has announced its financial results for the second quarter of 2025, reporting a 35% increase in net income, and 8% growth in Property & Casualty (P&C) written premiums. According to the firm, the increase in Q...
Posted: Jul 29, 2025
Florida may have had some of the highest property and auto insurance rates in the country in recent years, but so far this year, the largest auto insurers have filed for rate decreases averaging about 6%, regulators said. “We are …
Posted: Jul 29, 2025
Everest Reinsurance, the reinsurance division of Everest Group, has announced that Catherine Soyka is joining its team in Singapore as Assistant Vice President (AVP), Reinsurance Underwriting for Oceania. Soyka brings 15 years of industry experien...
Posted: Jul 29, 2025
Fourth consecutive quarterly decline signals major market shift, with U.S. casualty rates bucking the trend, Marsh reports. The post
Posted: Jul 29, 2025
Natural disasters across the globe cost insurers US$80 billion during the first half of 2025, up from $64 billion in H1 2024, according to Munich Re’s mid-year natural disaster report. On the other hand, overall economic losses (which include i...
Posted: Jul 29, 2025
Cincinnati Financial Corporation has announced that it purchased an additional layer on its property catastrophe reinsurance treaty with a limit of $300 million, effective July 1st, increasing the total limit from $1.5 billion to $1.8 billion. Acc...
Posted: Jul 29, 2025
Applied Underwriters said it has launched Innovation Risk, a new managing general agent (MGA) platform that will focus on casualty, accident, and life underwriting. The MGA, while firmly rooted in proven, traditional insurance fundamentals, will inco...
Posted: Jul 29, 2025
Two youths at a Miami sailing camp were killed and two others were hospitalized after a barge struck a sailboat Monday. The Associated Press, The Miami Herald and other news sites reported that one adult and five kids were pulled …
Posted: Jul 29, 2025
Marsh McLennan remains the top global insurance and reinsurance broker by total revenue for the 15th consecutive year, increasing its revenue by $1.72 billion to $24.46 billion in 2024, while several other brokers maintained their positions in the...
Posted: Jul 29, 2025
All three people aboard a small twin-engine plane that crashed into the Pacific Ocean off California’s central coast perished, law enforcement officials said. The Monterey County Sheriff’s Office confirmed late Sunday that the three occup...
Posted: Jul 29, 2025
Mercury Insurance, a provider of property and casualty insurance, is preparing a homeowners insurance rate filing using the California Department of Insurance’s (CDI) recently approved Verisk Wildfire Model. Last week, the CDI completed its review...
Posted: Jul 29, 2025
The Trump administration is set to announce its plans to abolish the US government’s authority to regulate greenhouse gases, threatening to strike a deep blow at Washington’s ability to fight climate change. The Environmental Protection A...
Posted: Jul 29, 2025
Aon, a professional services firm providing risk, retirement, and health solutions, has appointed Shelley Yim as the new Market Leader for Northern California, effective August 1. In this role, Yim will lead efforts to drive growth, strengthen cli...
Posted: Jul 29, 2025
Second quarter 2025 net income at Cincinnati Financial Corp. was $685 million—more than double the $312 million in net income booked a year ago during the same time. “It was a solid quarter, showing the strength of our agent-centered strategy &...
Posted: Jul 29, 2025
SageSure, one of the largest managing general underwriters (MGU) specialising in catastrophe-exposed markets, and Anchor Re, a captive reinsurance vehicle, have successfully secured $50 million of third-party capital with a debut reinsurance sidec...
Posted: Jul 29, 2025
Brown & Brown, Inc., an insurance brokerage and risk management firm, announced its financial results for the second quarter of 2025, reporting solid organic revenue growth despite a decline in net income. For the quarter, income before income...
Posted: Jul 29, 2025
Insurance broker Aon reported second quarter revenue of $4.2 billion, an 11% increase from $3.8 billion in Q2 2024. Aon said its Q2 revenue reflected 6% organic revenue growth (versus 5% in Q2 2024), along with the contribution from last …
Posted: Jul 29, 2025
Corporate & Specialty insurer HDI Global has announced a number of leadership appointments in its Long Tail segment, including Dennis Siebrasse as new Head of Liability Underwriting Europe, and Dr Pascal Nef as Head of Technical & Strategi...
Posted: Jul 29, 2025
Work was winding down at 345 Park Avenue on Monday when a man strode across the public plaza just outside the Midtown Manhattan tower with an assault rifle in his hand. Within minutes, at least four people were dead, as …
Posted: Jul 29, 2025
With six years having passed since the insurance industry last experienced a “quiet year” for natural catastrophes, a recent biannual report from Willis suggests that the trend of annual insured losses exceeding $100 billion is set to...
Posted: Jul 29, 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the appointment of Matthew Flynn to the newly created role of Head of Global Clients for its Global Specialties business. Based in London, Flynn will report to James Boyce...
Posted: Jul 29, 2025
QBE, a business insurance provider, has entered into a partnership with Matrix iQ, a company that offers connected vehicle and driver behaviour data services. As part of the collaboration, QBE customers will gain access to Matrix iQ’s platform, wh...
Posted: Jul 29, 2025
Global reinsurer Swiss Re has appointed Stephen Abrokwah as its new Head of Life & Health (L&H) Japan. Abrokwah brings around 15 years of industry experience, with strong actuarial expertise and leadership skills. He has been with Swiss Re...
Posted: Jul 29, 2025
This post is part of a series sponsored by AgentSync. For high-growth insurance agencies and carriers, acquisitions are a core part of business expansion. Yet, if you don’t keep your acquisition strategy streamlined and efficient, you end up wi...
Posted: Jul 29, 2025
Reinsurance giant Munich Re has estimated that global insured losses from natural catastrophe events reached $80 billion in H1 2025, marking the second-highest H1 figure since its records began in 1980. The $80 billion in insured losses during H1...
Posted: Jul 29, 2025
Global insurance and reinsurance broker Aon has expanded its Aon Client Treaty (ACT) into its Reinsurance Solutions business, specifically for global facultative placements, bringing more capacity to its clients via its facility as part of the fir...
Posted: Jul 29, 2025
Hong Kong issued its highest rainstorm warning, effectively closing down the city, just over a week after a typhoon downed trees in the financial center. The local observatory hoisted the black rainstorm alert at 9:10 a.m. local time on Tuesday. R...
Posted: Jul 29, 2025
India issued guidelines to protect solar power equipment from potential cyberattacks, responding to industry concerns that imported China-made parts may be putting the grid at risk. Suppliers of inverters — devices that turn direct current into elect...
Posted: Jul 29, 2025
During a pivotal push by Ukraine to retake territory from Russia in late September 2022, Elon Musk gave an order that disrupted the counteroffensive and dented Kyiv’s trust in Starlink, the satellite internet service the billionaire provided ea...
Posted: Jul 29, 2025
The African Development Bank Group (AfDB) has approved $30.25 million in financing for a program aimed at bolstering climate protection and agricultural sector resilience in Benin, West Africa. This investment will help 150,000 smallholder farmers...
Posted: Jul 29, 2025
Arch Insurance International, part of Arch Capital Group and a provider of specialty insurance solutions across multiple lines, has promoted David Maher to Chief Information Officer (CIO), effective immediately. He will be based in London and repo...
Posted: Jul 29, 2025
As data center construction booms across the United States, a pair of legal experts recently said the lack of commercial insurance products customized for data centers present potential pitfalls that could surface if operators aren’t paying clo...
Posted: Jul 29, 2025
UNICOI COUNTY, Tenn. (AP) — In a rugged patch of the Appalachian Trail in eastern Tennessee, volunteers size up a massive, gnarled tree lying on its side. Its tangled web of roots and dark brown soil, known as a root …
Posted: Jul 29, 2025
Pacific Gas and Electric Company has reached a settlement to resolve a violation of the Clean Air Act and the 2020 Accidental Release Reporting rule. The agreement with the U.S. Environmental Protection Agency and the U.S. Chemical Safety and Hazard...
Posted: Jul 29, 2025
Lawmakers on Maui passed legislation aimed at eliminating a large percentage of the Hawaiian island’s vacation rentals to address a housing shortage exacerbated by the wildfire that destroyed most of Lahaina two years ago. It’s the latest...
Posted: Jul 29, 2025
A Rhode Island city’s insurer will pay $550,000 to settle the case of a resident who was twice wrongfully arrested and jailed for a crime he did not commit. The American Civil Liberties Union (ACLU) announced the city of Woonsocket …
Posted: Jul 29, 2025
The University of Virginia’s Darden School of Business suspended its partnerships with several organizations dedicated to increasing opportunities for underrepresented groups in business schools amid persistent calls from the White House to dis...
Posted: Jul 29, 2025
The Maine Fire Marshal reports it continues to investigate a fatal explosion over the weekend at the Powder Horn Campground in Old Orchard Beach. On July 26, 2025, a camper explosion was reported at the campground. Old Orchard Beach fire …
Posted: Jul 29, 2025
Mitsubishi Electric Corporation has concluded a share transfer agreement under which it will transfer shares of its Tokyo-based insurance subsidiary, Mitsubishi Electric Insurance Service Co., Ltd., to Marsh Japan, Inc. This transaction is expecte...
Posted: Jul 29, 2025
BHSI’s Ben Wyatt leads a marine insurance underwriting team that values collaboration and gains knowledge through a respectful challenging of individual assumptions. The post
Posted: Jul 28, 2025
An armed shooter attacked 345 Park Ave. in Manhattan, the tower housing Blackstone Inc.’s global headquarters and the National Football League among others, killing at least five people, according to a city official. The suspected shooter is de...
Posted: Jul 28, 2025
Bouteillé will lead specialty insurance strategy and operations across the Americas, overseeing lines including aviation, marine, credit, and structured risks.
Posted: Jul 28, 2025
AI-driven digital underwriting accelerates decisions, enhances transparency, and helps life insurers meet rising expectations for speed and personalization.
Posted: Jul 28, 2025