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President Donald Trump has moved to install a Republican majority at the federal board that hears private-sector labor disputes and oversees union elections, which has been paralyzed by his unprecedented firing of a Democratic member. The White House...
Posted: Jul 18, 2025
King Risk Partners, a national insurance brokerage with home offices in Gainesville, Florida, has acquired Cummings Insurance Agency in Aiken, South Carolina. Cummings, founded in 2014, has specialized in agricultural and equestrian clients, the comp...
Posted: Jul 18, 2025
Communities along a 700-mile stretch of Alaska’s southern coast ordered residents to higher ground after a powerful offshore earthquake Wednesday, but officials quickly downgraded and then canceled a tsunami warning for the region. There were n...
Posted: Jul 18, 2025
The European Commission set out guidelines on Friday to help AI models it has determined have systemic risks and face tougher obligations to mitigate potential threats comply with European Union artificial intelligence regulation (AI Act). The move a...
Posted: Jul 18, 2025
A Miami jury this week awarded a former Florida state senator $100 million in a wrongful death lawsuit brought against the condominium complex where her son was shot to death in 2021. Daphne Campbell, who served for eight years in …
Posted: Jul 18, 2025
The insurance industry is bracing for a multi-million dollar impact, with casualty insurers facing significant liabilities from various potential triggers following the devastating wildfires that impacted Los Angeles in January 2025 – which...
Posted: Jul 18, 2025
Crane to oversee $450 million in Europe and Asia-Pacific funds, strengthening global support for early-stage founders
Posted: Jul 18, 2025
A lightning strike at an archery range in Jackson, New Jersey killed a man and injured 13 others Wednesday evening, according to police. Around 7:15 p.m., police were notified that multiple people were struck by lightning at the Black Knight …
Posted: Jul 18, 2025
French reinsurance broker, LSN Ré Walbaum, has announced the appointment of Lynda Heroui as Director of P&C Reinsurance, who will be reporting to Benoît Butel, the company’s President. LSN Ré Walbaum, a subsidiary of the LSN Assurances group,...
Posted: Jul 18, 2025
The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry. The EU will set a moving price cap …
Posted: Jul 18, 2025
Tesla Inc. settled a high-profile lawsuit over a driver’s death in 2019 when the Autopilot system in his Model 3 allegedly failed to avoid a collision with a tractor-trailer crossing a Florida highway. The confidential settlement, disclosed in...
Posted: Jul 18, 2025
Tesla Inc. settled a high-profile lawsuit over a driver’s death in 2019 when the Autopilot system in his Model 3 allegedly failed to avoid a collision with a tractor-trailer crossing a Florida highway. The confidential settlement, disclosed in...
Posted: Jul 18, 2025
The Kingdom of Tonga has strengthened its disaster risk financing by renewing its parametric reinsurance policies with the Pacific Catastrophe Risk Insurance Company (PCRIC), which includes a significant increase in the government’s premium contri...
Posted: Jul 18, 2025
Insurance Business Magazine - US
Posted: Jul 18, 2025
Excessive litigation and the abuse of U.S. legal system are effectively imposing a tax on the U.S. economy and causing a surge in liability insurance costs, according to John Doyle, president and chief executive officer of Marsh McLennan. “The...
Posted: Jul 18, 2025
Excessive litigation and the abuse of U.S. legal system are effectively imposing a tax on the U.S. economy and causing a surge in liability insurance costs, according to John Doyle, president and chief executive officer of Marsh McLennan. “The...
Posted: Jul 18, 2025
Mosaic Insurance, a specialty insurer focused on complex and emerging risks, has strengthened its Advisory Board with the addition of senior industry leaders Peter Breitstone, George Hanna, and Tom Kim for strategic growth. The trio will focus on...
Posted: Jul 18, 2025
Federal investigators have reported that the 2023 death of a CSX Transportation train conductor trainee in Baltimore was caused by an unsafe riding position. The National Transportation Safety Board (NTSB) warned that its investigation reveals broade...
Posted: Jul 18, 2025
Addressing the widening natural catastrophe insurance protection gap requires a multi-stakeholder approach, including public-private partnerships, investments in risk reduction and resilience, and innovative insurance solutions, according to keyno...
Posted: Jul 18, 2025
Ford is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a year-long investigation. The NHTSA &...
Posted: Jul 18, 2025
Nicola Fannin has been appointed General Manager, Head of Corporate Actuarial and Chief Risk Officer for Hannover Re UK Life Branch. Fannin is succeeding Rael Davis, who was appointed Chief Financial Officer for the Hannover Re UK Life Branch on 1...
Posted: Jul 18, 2025
Specialty insurance broker Price Forbes has announced the latest extension of its exclusive underwriting facility, Lectio, which now includes construction and builders risk coverage. This move broadens the scope of the facility, further enhancing...
Posted: Jul 18, 2025
New technology has major potential to prevent and mitigate workers' comp claims. The post How Technology Is Transforming Work...
Posted: Jul 18, 2025
Samsung Reinsurance (Samsung Re), a subsidiary of Samsung Fire & Marine Insurance (SFMI), has appointed Sie Liang Lau as Head of Cyber and Casualty, effective June 23rd, 2025. Based in Singapore, Lau will lead the development of Samsung Re’s C...
Posted: Jul 18, 2025
Higginbotham, headquartered in Fort Worth, Texas, appointed Andrew Reutter as CFO/COO. Reutter most recently served as a principal at Stone Point Capital, where he built and led the capital markets division and worked closely with insurance services...
Posted: Jul 18, 2025
Squalify, a cyber risk quantification platform supported by reinsurer Munich Re, has entered the US market, securing its first significant customer and releasing updates to its platform aimed at expressing cyber risk in financial terms. The Munich...
Posted: Jul 18, 2025
Global insurance and reinsurance broking group Aon has appointed three senior leaders within its Europe, the Middle East, and Africa (EMEA) Commercial Risk team, as the firm looks to drive growth across the region as part of its 3×3 Plan. The...
Posted: Jul 18, 2025
A Chinese hacking group has continued to target phone and wireless providers around the world, compromising devices tied to seven telecommunications companies since February, according to a bulletin that a cybersecurity company recently sent to clien...
Posted: Jul 18, 2025
Global reinsurer Swiss Re supports a research-backed paper from the UN Sustainable Development Solutions Network (SDSN) which highlights the critical role insurance can play in advancing sustainable development, calling for stronger public-private...
Posted: Jul 18, 2025
Bermuda domiciled insurer and reinsurer Aspen Insurance Holdings has appointed John Welch as Group Chief Underwriting Officer (CUO), effective August 1st, 2025. In his new role, Welch will report to Christian Dunleavy, Group President and Chief Ex...
Posted: Jul 18, 2025
Earlier this week, American International Group (AIG) made a splash with the announcement that it had hired former Lloyd’s CEO John Neal to be the new leader of General Insurance, the company’s property/casualty operations. Meanwhile, the...
Posted: Jul 18, 2025
Waymo is more than doubling its service territory in Austin as the driverless taxi firm looks to fend off competition from Tesla Inc. Through its partnership with ride-hailing giant Uber Technologies Inc., Waymo said Thursday that it will now offer &...
Posted: Jul 18, 2025
AM Best announced it has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Southern Vanguard Insurance Company, based in...
Posted: Jul 18, 2025
Bermuda-domiciled insurer and reinsurer AXIS Capital Holdings has appointed Moustafa Abdelrahman as Senior Underwriter and Assistant Vice President (VP), Renewable Energy. He becomes AXIS’ first Renewables property underwriter to be based in Toron...
Posted: Jul 18, 2025
Intersys, a cyber security and IT services provider, has launched operations in India, based in Mumbai, to help brokers and insurers grow cyber portfolios by strengthening policyholder resilience. Under the leadership of Tanmay Gore, Director of I...
Posted: Jul 18, 2025
AM Best, the credit rating agency, has upgraded the credit ratings of Kuwait Reinsurance Company K.S.C.P. (Kuwait Re), citing its improved financial performance and strong capital position. The company’s Financial Strength Rating has been elevated...
Posted: Jul 18, 2025
The Hartford, a provider of insurance and financial services, has promoted Prateek Chhabra to Chief Risk Officer, effective September 1st, 2025. He will report directly to Christopher Swift, The Hartford’s Chairman and Chief Executive Officer. Chh...
Posted: Jul 18, 2025
The U.S. auto safety agency is shedding more than 25% of its employees under financial incentive programs to depart the government offered by the Trump administration, according to data provided to Congress seen by Reuters. The National Highway Traff...
Posted: Jul 18, 2025
Chinese-linked hackers are targeting the Taiwanese semiconductor industry and investment analysts as part of a string of cyber espionage campaigns, researchers said on Wednesday [July 16]. While hacking to steal data and information about the industr...
Posted: Jul 18, 2025
Chinese-linked hackers are targeting the Taiwanese semiconductor industry and investment analysts as part of a string of cyber espionage campaigns, researchers said on Wednesday [July 16]. While hacking to steal data and information about the industr...
Posted: Jul 18, 2025
Republican Gov. Glenn Youngkin announced on Tuesday that Google will partner with his administration to provide free and low-cost artificial intelligence certification courses to Virginians as part of his office’s ongoing effort to connect citi...
Posted: Jul 18, 2025
California Forever, the proposed futuristic community backed by billionaire venture capitalists, is now billing itself as a manufacturing center a year after local opposition forced it to withdraw plans to incorporate a new city. The project’s...
Posted: Jul 18, 2025
Reinsurance broker Gallagher Re, on behalf of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company), has structured and placed a re/insurance programme for the government of Lao PDR. The two-year policy expands the origin...
Posted: Jul 18, 2025
In May 2025, Massachusetts college student Yvette Yuri Lanuza Digan was at a fraternity gathering when another person poured Everclear grain alcohol onto an open fire in the backyard of the house. An enormous fireball instantly erupted, enveloping Di...
Posted: Jul 18, 2025
Starwind Specialty Insurance Services, a division of CRC Group, announces today its official rebrand of its 5Star Workers’ Compensation unit to Starwind WC. The rebrand includes a new name, logo, and a refreshed website for the 30-year old comp...
Posted: Jul 18, 2025
The initial pretrial conference is scheduled for September 18, 2025, with discovery set to begin August 13.
Posted: Jul 18, 2025
The changes follow the appointment of Perry Thomas as CEO earlier this year.
Posted: Jul 18, 2025
Most legacy CCMs require 40 hours to (re)build a single template. Kyber’s AI import tool lets carriers migrate hundreds of templates in minutes, with no dev work, no consultants, and no hidden costs. The result? a 99% faster migration.
Posted: Jul 18, 2025
The California Labor Commissioner’s Office cited the Ritz-Carlton Hotel Company LLC and three contractors more than $2 million for reportedly misclassifying 155 janitors as independent contractors at its Half Moon Bay hotel. The citations inclu...
Posted: Jul 18, 2025
This post is part of a series sponsored by Expert Insured. In today’s insurance landscape, managing operations across policy servicing, quoting, and staffing has become a balancing act. Most MGAs, wholesalers, and carriers are juggling outdated...
Posted: Jul 17, 2025