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Howden appoints Saloni Bhandari as SVP, M&A and Co-Head of Transactional Risk

Reinsurance News

Howden, the global insurance and reinsurance broking group, has announced the appointment of Saloni Bhandari as Senior Vice President (SVP) – M&A and Co-Head of Transactional Risk. In her new role, Bhandari will focus on warranty & i...

Posted: Jul 22, 2025

Philippines Braces for Heavy Rain After Six People Killed

Insurance Journal

Philippine authorities suspended government work and classes in the capital region and dozens of provinces for a third day on Wednesday, warning of continued strong rains that killed at least six people and forced thousands in flooded areas to evacua...

Posted: Jul 22, 2025

UK Plans to Ban Public Sector Bodies From Paying Ransom to Cyber Criminals

Insurance Journal

Britain plans to ban public sector bodies and operators of critical national infrastructure, including the state-run health service, local councils and schools, from paying ransom demands to cyber criminals, it said on Tuesday. The country has been t...

Posted: Jul 22, 2025

Munich Re’s HSB and MGU Victor launch Contractors All Risks insurance in UK

Reinsurance News

Victor Insurance, a managing general underwriter in collaboration with HSB, a multi-line specialty insurer and part of the reinsurance giant Munich Re, have launched a new offering, Contractors All Risks (CAR) Insurance in the UK, targeting contra...

Posted: Jul 22, 2025

Camp Mystic Deaths After Floods Darken a Cherished Texas Tradition

Insurance Journal

Camp Mystic was the totemic rite of passage for girls from establishment families in the American South: Lyndon Johnson sent his daughters there, Laura Bush worked there as a counselor years before becoming First Lady, and its alumni include the &#82...

Posted: Jul 22, 2025

How to Use Relationship Data to End Insurance Commission Clawbacks

Insurance Journal

This post is part of a series sponsored by AgentSync. The strength of an insurance partnership is about more than good vibes—it’s about the money. A strong partnership delivers real bottom-line value for both parties; a weak one often feels &#8...

Posted: Jul 22, 2025

W. R. Berkley’s Q2’25 income expands as NPW reach record $3.4bn

Reinsurance News

W. R. Berkley has disclosed net income for Q2 of 2025 at $401.3 million, up from $371.9 million in Q2 of 2024, while net premiums written grew to a record $3.4 billion. The firm also posted a record net investment income of $379.3 million in Q2 of...

Posted: Jul 22, 2025

Excessive Litigation Causes Surge in Liability Insurance Costs: Marsh McLennan CEO

Carrier Management

Excessive Litigation Causes Surge in Liability Ins...

Posted: Jul 22, 2025

RLI reports underwriting income of $62.2m with CoR of 84.5% for Q2’25

Reinsurance News

Specialty insurer RLI Corp. has reported underwriting income of $62.2 million, with a combined ratio of 84.5% for the second quarter of 2025, driven by the Property segment, which posted underwriting income of $49.5 million, compared with $53.2 mi...

Posted: Jul 22, 2025

S&P revises MAPFRE’s outlook to positive, citing strong capital and earnings

Reinsurance News

S&P Global Ratings, a credit rating agency, has revised its outlook on the Spanish insurance group Mapfre to positive from stable, reflecting growing confidence in the group’s financial strength and earnings trajectory. The change in outlook f...

Posted: Jul 22, 2025

People Moves: Novatae Risk Group Names Arora as VP Data, Business Intelligence & Innovation

Insurance Journal

Novatae Risk Group (Novatae), headquartered in Dallas, Texas, named Anju Arora to the newly created role of vice president of data, business intelligence and innovation. Arora will spearhead Novatae’s data-driven transformation, overseeing busi...

Posted: Jul 22, 2025

People Moves: Novatae Names Arora as VP Data, Business Intelligence & Innovation

Insurance Journal

Novatae Risk Group (Novatae), headquartered in Dallas, Texas, named Anju Arora to the newly created role of vice president of data, business intelligence and innovation. Arora will spearhead Novatae’s data-driven transformation, overseeing busi...

Posted: Jul 22, 2025

US private flood insurance growth helps close the nation’s protection gap: Fitch

Reinsurance News

The US private flood insurance market is growing, addressing the nation’s significant gap between economic and insured losses from flood events, which remain largely underinsured despite being one of the costliest perils for homeowners, a recent r...

Posted: Jul 22, 2025

Insurer Says it Has No Duty to Defend Kansas City Super Bowl Parade Shooting Lawsuit

Insurance Journal

Cincinnati Specialty Underwriters said in a complaint last week that it has no duty to defend or indemnify a Kansas City sports promotion group facing an underlying lawsuit over a mass shooting at a 2024 Super Bowl parade. CSU said …

Posted: Jul 22, 2025

Louisiana Cancels $3B Gulf Coast Repair Project Funded by Deepwater Horizon Settlement

Insurance Journal

Louisiana last week canceled a $3 billion repair of disappearing Gulf coastline, funded by the 2010 Deepwater Horizon oil spill settlement, scrapping what conservationists called an urgent response to climate change but Gov. Jeff Landry viewed as a t...

Posted: Jul 22, 2025

Louisiana Cancels $3B Gulf Coast Repair Funded by Deepwater Horizon Settlement

Insurance Journal

Louisiana last week canceled a $3 billion repair of disappearing Gulf coastline, funded by the 2010 Deepwater Horizon oil spill settlement, scrapping what conservationists called an urgent response to climate change but Gov. Jeff Landry viewed as a t...

Posted: Jul 22, 2025

Trump Exempts Scores of Plants From Biden’s Pollution Rules

Insurance Journal

President Donald Trump is allowing chemical makers, coal-fired power plants and other facilities to bypass a range of environmental regulations on grounds that the waivers are needed for national security purposes. The plants, which also include taco...

Posted: Jul 22, 2025

Ground Squirrel Overpopulation Poses Threat to Minot, North Dakota Residents

Insurance Journal

The Richardson’s ground squirrel weighs less than a pound, is about a foot long and is native to the northern Plains. The little creature also is a ferocious tunneler, and it’s exasperating the people of Minot, North Dakota, where it&#821...

Posted: Jul 22, 2025

AM Best downgrades Bermuda-based Berking Re credit ratings

Reinsurance News

AM Best has downgraded the credit ratings of Berking Re Limited, a Bermuda-based reinsurance company, citing concerns over the weakened credit fundamentals and the heightened contagion risk from its parent company, PFY Cayman. Berking Re’s Financi...

Posted: Jul 22, 2025

Davies names Mike Heard President of Operations for North America amid strategic growth initiatives

Reinsurance News

Davies, a professional services and technology provider for the insurance and regulated markets, has appointed Mike Heard as President of Operations for its North American business. Heard will report to Dhara Patel, CEO of Davies North America, an...

Posted: Jul 22, 2025

AXA, WMG, and universities of Edinburgh, Warwick & Oxford partner on insurance for AI risks

Reinsurance News

A new £2 million academic-industry partnership, led by the University of Edinburgh, alongside insurance group AXA, WMG, the University of Warwick and the University of Oxford, will establish the groundwork for developing insurance for artificial i...

Posted: Jul 22, 2025

People Moves: W.R. Berkley Promotes Albert President of Vela Insurance; Fusion Specialty Names Under...

Insurance Journal

W. R. Berkley Corporation, headquartered in Greenwich, Connecticut, named Shadi Albert as president of Vela Insurance Services. He succeeds Arthur G. Davis, who will assume the role of chairman of the business. The appointments are effective immediat...

Posted: Jul 22, 2025

New Georgia Workers’ Comp Rules Took Effect in July, Aiming at Clarity, Consistency

Insurance Journal

The Georgia General Assembly made no statutory changes to the Workers Compensation Act in 2025. However, effective July 1, 2025, the Georgia State Board of Workers’ Compensation (SBWC) has introduced several important updates to its rules. Thes...

Posted: Jul 22, 2025

Workplace Injuries Costs Near $60B Per Year; Overexertion, Falls Top Causes

Insurance Journal

Liberty Mutual’s latest Workplace Safety Index has found that workplace accidents cost U.S. employers about $58.8 billion annually. The top 10 causes of injuries account for 86% of those costs, or $50.87 billion. The index marks its 25th year i...

Posted: Jul 22, 2025

KBRA Upgrades AmCoastal Debt Ratings, Reducing Interest Expenses

Insurance Journal

One year after American Coastal Insurance went through a regulator-forced shakeup in leadership, the Florida-based carrier’s holding company has received a slight upgrade in its debt rating from KBRA, producing a savings on interest expenses. &...

Posted: Jul 22, 2025

Alaska Air Resumes Flights After IT Outage Led to Grounding

Insurance Journal

Alaska Air Group Inc. continued to recover on Monday after temporarily grounding its entire fleet due to a data center equipment failure that affected several of the carrier’s key operating systems. Eighty-three Alaska Air flights, or about 9%...

Posted: Jul 22, 2025

QBE appoints Anna Connolly as European Property Product Manager

Reinsurance News

Commercial insurer QBE has announced the appointment of Anna Connolly as European Property Product Manager. Based in London, Connolly will join QBE’s European Operations (EO) team on 1st October 2025, reporting to Naintara Agarwal, EO Director of...

Posted: Jul 22, 2025

Tesla to Fight California’s Claim It Overhypes Autopilot

Insurance Journal

Tesla Inc. is set to face off with the California Department of Motor Vehicles over claims that the company has exaggerated the capabilities of its Autopilot and Full Self-Driving technology and misled consumers. The stakes are high at a five-day &#8...

Posted: Jul 22, 2025

People Moves: Oldenburg Joins Alliant as SVP in Oregon; IMA Names Branch Oregon Market President

Insurance Journal

Oldenburg Joins Alliant Insurance Services as Senior Vice President in Portland, Oregon Andy Oldenburg joined Alliant Insurance Services as senior vice president within its Alliant Americas division. Based in Portland, Oregon, Oldenburg will provide...

Posted: Jul 22, 2025

Fashion Startup Founder Charged With $300M Fraud Freed on $1M Bail

Insurance Journal

A former chief executive of two clothing technology companies was released on $1 million bail Friday after pleading not guilty to charges alleging she cheated investors of over $300 million over the past six years. Christine Hunsicker, 48, of Lafayet...

Posted: Jul 22, 2025

Meta Investors Settlement With Zuckerberg Takes Heat Off Delaware

Insurance Journal

A last-minute settlement between Meta Platforms shareholders and the company’s leadership last week ended an $8 billion trial and spared Mark Zuckerberg from testifying about alleged violations of Facebook users’ data. It also took the he...

Posted: Jul 22, 2025

How the Insurance Industry is Tackling Rising Natural Disaster Costs Through Science-Based Risk Miti...

Risk & Insurance

As catastrophic losses mount and traditional risk transfer approaches reach their limits, insurers are turning to building science and engineering solutions to bend the cost curve downward. The post

Posted: Jul 21, 2025

Stop the Tech Juggle: Why Insurance Agencies Need a Single System to Thrive

Insurance Journal

This post is part of a series sponsored by EZLynx. You work hard to give your clients a smooth insurance experience — and the way your agency runs behind the scenes should be just as streamlined. Even with the right …

Posted: Jul 21, 2025

Woman, 66, Is 10th Person to Die After Massachusetts Assisted-Living Facility Fire

Insurance Journal

A tenth person has died after a fire that tore through an assisted-living facility in Massachusetts last weekend, officials confirmed on Saturday. Brenda Cropper, 66, died at a hospital Friday, according to Bristol County District Attorney Thomas M....

Posted: Jul 21, 2025

Trump Sues Wall Street Journal and Murdoch for $10B Over Reporting on Epstein Ties

Insurance Journal

President Donald Trump filed a $10 billion lawsuit against The Wall Street Journal and media mogul Rupert Murdoch Friday, a day after the newspaper published a story reporting on his ties to wealthy financier Jeffrey Epstein. The move came shortly &#...

Posted: Jul 21, 2025

WR Berkley Q2 Net Income Up Near 8% on Underwriting, Investments

Insurance Journal

Second quarter 2024 net income at W.R. Berkley Corp. increased nearly 8% compared to the same period a year ago Net income was about $401.3 million for Q2 2025 compared to net income of $371.9 million a year ago during …

Posted: Jul 21, 2025

Protected: Building Towers and Character

Risk & Insurance

There is no excerpt because this is a protected post. The post Protected: Building Towers and Character appeared first on

Posted: Jul 21, 2025

1823 Partners officially launches

coverager

The firm was co-founded by Anant Bhalla, Joachim Creus and Frank Engelen.

Posted: Jul 21, 2025

Jio and Allianz to form reinsurance joint venture

coverager

The reinsurance JV between JFSL and Allianz will help insurers manage risks more effectively.

Posted: Jul 21, 2025

Great American Insurance Group partners with Breeze

coverager

The partnership aims to expand the presence of both companies in the marine cargo insurance space while leveraging Breeze’s technology.

Posted: Jul 21, 2025

Wag! pursues pre-packaged Chapter 11

coverager

Westerman joined Thimble two years ago from Pie Insurance.

Posted: Jul 21, 2025

It's Time for Bold Collaboration on AI Fraud

Insurance Thought Leadership

It's Time for Bold Collaboration on AI Fraud Claims

Posted: Jul 21, 2025