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Ivans, a division of Applied Systems, has released its Q2 2025 results for the Ivans Index, showing that the average premium renewal rate change across nearly all major commercial lines, except General Liability, decreased compared to Q1 2025. How...
Posted: Jul 17, 2025
Year-round fire threat forces industry to rethink risk management as climate change and urban sprawl drive unprecedented losses, Gallagher reports. The post
Posted: Jul 17, 2025
A district judge this month sentenced sentenced Evette “Betty” Osuegbu, 62, of Granite City, Illinois to 15 years in federal prison for her role in a string of arsons and insurance fraud stretching from 2014 to 2023. Following a five-day...
Posted: Jul 17, 2025
Discover how to reduce chaos in auto casualty claims with three proven solutions that address social inflation and claim severity, improving accuracy, efficiency, and adjuster negotiations. The post
Posted: Jul 17, 2025
Bermuda-based insurance and reinsurance company, Hamilton Insurance Group, has appointed Raymond Karrenbauer as Group Chief Information Officer (CIO), effective September 15th, 2025. He will join the firm’s executive management team, reporting to...
Posted: Jul 17, 2025
Price Forbes, the London-based re/insurance broker, announced the further expansion of its exclusive cross-class facility, Lectio, to include construction/builders risk coverage. Lectio will automatically follow pre-approved Lloyd’s leaders acr...
Posted: Jul 17, 2025
The Allstate Corporation has estimated catastrophe losses for June 2025 of $619 million or $489 million, after-tax. June’s cat losses are the result of 15 events, with approximately 70% of the losses related to three wind and hail events. In compa...
Posted: Jul 17, 2025
Tesla Inc. hasn’t done enough to protect against drivers misusing its Autopilot system, a safety expert testified at a trial over a 2019 fatal collision. Mary “Missy” Cummings, an engineering professor at George Mason University, to...
Posted: Jul 17, 2025
Patriot Growth Insurance Services, a national insurance brokerage and partnership platform, has announced another team member: Florida-based Legacy Insurance Solutions. Legacy is a family-founded insurance agency with offices in Tallahassee and Palm...
Posted: Jul 17, 2025
Prior to reporting second-quarter results later this month, Allstate said today it expects slightly lower catastrophe losses in the second quarter, and estimated the bill to be nearly $2 billion. In reporting monthly catastrophe losses, Allstate esti...
Posted: Jul 17, 2025
Marsh McLennan reported consolidated revenue during the second quarter of 2025 of $7.0 billion, an increase of 12% from $6.2 billion in Q2 2024, with underlying (organic) revenue growth of 4%, compared with an increase of 6% in Q2 2024. …
Posted: Jul 17, 2025
The President and Chief Executive Officer (CEO) of reinsurance broker Guy Carpenter, Dean Klisura, has described the company’s analytics platform as one of the most significant things it does for its clients as it looks to bring value beyond...
Posted: Jul 17, 2025
OAK RIDGE, Tenn. (AP) — Near signs that warn of radioactive risk at Oak Ridge National Laboratory, a half-dozen workers from the nuclear power company X-energy are making what appear to be gray billiard balls. Inside, they’re packed with thousa...
Posted: Jul 17, 2025
Ryan Specialty announced the death of board member D. Cameron (“Cam”) Findlay, who unexpectedly passed away earlier this month at the age of 65. Findlay served on the Ryan Specialty Board, including its pre-IPO predecessor, since 2012, an...
Posted: Jul 17, 2025
ACORD Solutions Group (ASG), a provider of digital solutions for the global insurance industry, has launched the ADEPT North America Regional Hub to drive industry-wide modernisation through standardised digital data exchange for large commercial...
Posted: Jul 17, 2025
The Federal Aviation Administration has issued a final rule amending the instrument flight rules (IFR) altitudes and changeover points for several Federal airways, jet routes, and direct routes in Alaska. These changes are part of routine updates to...
Posted: Jul 17, 2025
A tropical disturbance is expected to make landfall near the northern Gulf Coast Thursday afternoon, creating flash flooding conditions for parts of south-central Louisiana. A moderate risk of excessive rainfall is in place along the south-central Gu...
Posted: Jul 17, 2025
US primary insurer Travelers has renewed its major catastrophe reinsurance programs at mid-year on terms largely consistent with the prior year, with minor adjustments and the possible non-renewal of some smaller treaties. Namely, effective July 1...
Posted: Jul 17, 2025
US primary insurer Travelers has renewed its major catastrophe reinsurance programs at mid-year on terms largely consistent with the prior year, with some adjustments to coverage. Namely, effective July 1, 2025, Travelers renewed its Northeast Pro...
Posted: Jul 17, 2025
The Travelers Cos. increased second quarter net income $975 million for a total of about $1.5 billion, and reversed an underwriting loss posted last year for the same period. Travelers’ second quarter underwriting profit was about $1 billion co...
Posted: Jul 17, 2025
US primary insurer The Travelers Companies, Inc. has announced its results for the second quarter of 2025, reporting an underwriting gain of $1.022 billion, a significant improvement compared to the prior year quarter’s loss of $65 million, as net...
Posted: Jul 17, 2025
Insurance and reinsurance brokering group Gallagher has introduced a new product line within its Evolve placement strategy, which offers automatic, immediate and bespoke coverage for Conventional Power clients around the world. Evolve, powered by...
Posted: Jul 17, 2025
The Insurance Development Forum (IDF), in collaboration with the United Nations Development Programme (UNDP) and the German Federal Ministry for Economic Cooperation and Development (BMZ) through the InsuResilience Solutions Fund (ISF), has comple...
Posted: Jul 17, 2025
Guy Carpenter, the reinsurance arm of the global broking group Marsh McLennan, saw its revenue reach $677 million in Q2 of 2025, up 7% compared to the same period of 2024. Marsh McLennan’s Risk & Insurance Services segment, of which Guy...
Posted: Jul 17, 2025
A new report from Swiss Re projects a favourable 2025 outlook, with the U.S. property & casualty industry expected to maintain a 10% ROE through 2026, as improved investment returns help offset weaker underwriting profitability despite histori...
Posted: Jul 17, 2025
Howden, the global insurance and reinsurance broking group, has been appointed by Gold Standard to approve insurance policies that support the eligibility of carbon credits for the Carbon Offsetting and Reduction Scheme for International Aviation...
Posted: Jul 17, 2025
Geography and Driving Behavior Contribute to High Flood Death Rates in Texas Even before the Cen...
Posted: Jul 17, 2025
Let's thank our 2025 Risk All Stars for their brilliance and their decency. The post Opinion | Brilliant Decency appeared first on ...
Posted: Jul 17, 2025
mea Platform, a provider of intelligent insurance processing technologies and ACORD Solutions Group (ASG), an industry-owned provider of next-generation digital solutions, have entered a strategic partnership to accelerate the adoption of automate...
Posted: Jul 17, 2025
A farmer in a rural suburb outside of Oklahoma City was fatally attacked by a pair of water buffaloes he purchased at a livestock auction a day earlier, police said. Bradley McMichael, a farmer in the small town of Jones …
Posted: Jul 17, 2025
Markel Insurance, the insurance division of Markel Group Inc., has appointed Chelsea Jiang as Managing Director of Greater China, reporting to the newly appointed MD of Asia Pacific, Sucheng Chang. Jiang is based in Hong Kong and will oversee Mark...
Posted: Jul 17, 2025
Arch Insurance International, a part of the global Arch Capital Group and a provider of specialty insurance solutions across multiple lines, has promoted Chris Fairs to Head of Agency Management at Arch Managing Agency Limited (AMAL), effective im...
Posted: Jul 17, 2025
A cockpit voice recording of doomed Air India Flight 171 indicates the younger co-pilot asked his more experienced colleague why he turned off the plane’s fuel-supply switches, according to people familiar with the matter. The information, from...
Posted: Jul 17, 2025
Willis, a WTW business, has announced a new collaboration with the University of East Anglia (UEA) to deepen understanding of global wildfire risk in response to escalating global threats. This partnership aims to provide reliable scientific insig...
Posted: Jul 17, 2025
Hotchkiss Insurance, headquartered in Dallas, Texas, recently added three new partners: Riley Dearing, Jessica Goehring and Heather Etheredge. Dearing leads the West Texas region for the Hotchkiss Benefits Division. He gained experience across multip...
Posted: Jul 17, 2025
Insurance rates across the US continued their upward trend in the second quarter of 2025, according to new data released by MarketScout, a national insurance distribution and underwriting company, in collaboration with Novatae Risk Group, a specia...
Posted: Jul 17, 2025
The leader of Camp Mystic had been tracking the weather before the deadly Texas floods, but it is now unclear whether he saw an urgent warning from the National Weather Service that had triggered an emergency alert to phones in …
Posted: Jul 17, 2025
Keystone, an insurance broker and agency network, announced that growth investor Warburg Pincus, will acquire a majority stake in the company. The private transaction’s financial details were not disclosed. According to the announcement, Bain Capi...
Posted: Jul 17, 2025
How hot can a heat wave really get? Before June 2021, scientists thought they knew. That’s when one of the most extreme heat spikes ever observed hit western North America, leaving at least 1,400 people dead. Lytton, British Columbia, smashed &...
Posted: Jul 17, 2025
This edition of International People Moves details appointments at Guy Carpenter and Moody’s Ratings. A summary of these new hires follows here. Guy Carpenter Promotes Hakes as Global Head of Marine, Energy, and Technical Lines Guy Carpenter, t...
Posted: Jul 17, 2025
Collaboration between the public and private sectors, beyond just insurance, is essential to narrowing the so-called protection gap, as losses from natural disasters increase, said the head of a global insurance supervisors’ organization. The p...
Posted: Jul 17, 2025
Coface, the Paris-based trade credit risk management specialist, announced it has received an “in principle approval” from Lloyd’s to launch a short-term trade credit syndicate. The syndicate – Coface Lloyd’s Syndicate 2546 –...
Posted: Jul 17, 2025
A group of 20 mostly Democrat-led U.S. states filed a lawsuit on Wednesday seeking to block the Trump administration from terminating a multibillion-dollar grant program that funds infrastructure upgrades to protect against natural disasters. The law...
Posted: Jul 17, 2025
Afore Insurance Services, an Atlanta-area-based insurance brokerage, has acquired TailoredRisk Insurance Advisors of Naples, Florida. TailoredRisk founding principal John Paolini was named executive vice president for the national personal lines divi...
Posted: Jul 17, 2025
The Florida Department of Financial Services, without a department head since April – after Jimmy Patronis was elected to Congress – has a new chief financial officer in the form of Blaise Ingoglia, a millionaire home builder and recent state …
Posted: Jul 17, 2025
The Florida Department of Financial Services, without a department head since April – after Jimmy Patronis was elected to Congress – has a new chief financial officer in the form of Blaise Ingoglia, a millionaire home builder and recent state …
Posted: Jul 17, 2025
The Lloyd’s Market Association (LMA) welcomes the UK Government’s Financial Services Growth and Competitiveness Strategy, which recognises the insurance sector’s importance, specifically the role of Lloyd’s of London, according to Arab...
Posted: Jul 17, 2025
Trucordia has acquired the business of Vegas Valley Benefit Plans. Vegas Valley Benefit Plans is a provider of employee benefits and insurance services based in Las Vegas, Nevada. Trucordia is the group name for an insurance brokerage headquartered i...
Posted: Jul 17, 2025
The Liberty Company Insurance Brokers launched a new Northern California, San Francisco Bay Area office, Liberty Naranjo, led by managing partners and brothers, Jonathan and Michael Naranjo. Liberty Naranjo will serve as an employee benefits and prop...
Posted: Jul 17, 2025
An $8 billion class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former — begins Wednesday, with claims stemming from the 2018 privacy scandal involving the Cambridge Analytica political consultin...
Posted: Jul 17, 2025