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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
Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion for the damage they allegedly caused the company by allowing repeated violations of Facebook users’ privacy,...
Posted: Jul 17, 2025
Four fans who were injured at a Washington Commanders NFL game in 2022 when a railing in the stadium collapsed have settled their negligence claims against the team. The confidential settlement comes after a federal appeals court last October found &...
Posted: Jul 17, 2025
Four fans who were injured at a Washington Commanders NFL game in 2022 when a railing in the stadium collapsed have settled their negligence claims against the team. The confidential settlement comes after a federal appeals court last October found &...
Posted: Jul 17, 2025
Providence, Rhode Island-headquartered United Natural Foods on Wednesday flagged about $350 million to $400 million hit to its fiscal 2025 net sales from an unauthorized activity on its internal networks. The grocery distributor took certain systems...
Posted: Jul 17, 2025
The Pennsylvania Insurance Department (PID) reported that its actuaries denied $210.1 million in requested property/casualty (P/C) insurance premium increases in the first six months of 2025, which is more than was saved in all of 2024. Under the sta...
Posted: Jul 17, 2025
Insurance broker and agency network Keystone Agency Partners (Keystone), announced that the private equity firm Warburg Pincus will acquire a majority stake in the company. Financial details of the transaction were not disclosed. Keystone Agency Part...
Posted: Jul 17, 2025
The Massachusetts assisted-living facility where a fatal fire killed nine people was caring for dozens of aging residents reliant on wheelchairs and oxygen tanks, but it lacked the safety measures and most of the staffing requirements that are common...
Posted: Jul 17, 2025
Addition Wealth, the fintech company making personalized financial expertise inclusive and accessible for employees and individuals, today announced its B2B financial wellness platform for large enterprises. The AI-powered, fully customizable...
Posted: Jul 16, 2025
The acquisition adds SuranceBay’s onboarding and compliance tools to Verisk’s FAST platform to improve efficiency across the life and annuity insurance distribution chain.
Posted: Jul 16, 2025
The Munich-based cyber risk platform adds new capabilities to help U.S. organizations quantify technical threats in financial terms and support executive decision-making.
Posted: Jul 16, 2025
The new ADEPT hub offers free digital transactions to carriers and brokers to accelerate data standardization across the (re)insurance market.
Posted: Jul 16, 2025
Florida Lawsuit Over Student Death While Stargazing Focuses on Tesla’s Autopilot System A rare trial ag...
Posted: Jul 16, 2025
States Sue Trump Administration for Cutting Disaster Prevention Grants A group of 20 mostly Democrat-led...
Posted: Jul 16, 2025
OSHA Announces Penalty Reductions Can Be Offered to More Small Businesses In an updated guidance that we...
Posted: Jul 16, 2025
Neal was formerly the CEO of Lloyd’s of London.
Posted: Jul 16, 2025
The insurer ended the month with a combined ratio of 86.6% and net income of $1.1 billion.
Posted: Jul 16, 2025
Quandri offers a renewal intelligence software that streamlines tasks and identifies actionable policy insights.
Posted: Jul 16, 2025
The NY-based startup offers products and services across the retirement investing, planning and spending spectrum.
Posted: Jul 16, 2025
No longer alone at the desk late at night, The human adjuster now works with insight. AI handles the checklists and never complains, While humans apply wisdom, nuance, and brains.
Posted: Jul 16, 2025
Insurance Business Magazine - US
Posted: Jul 16, 2025
Insurance Business Magazine - US
Posted: Jul 16, 2025
Society Insurance, headquartered in Fond du Lac, Wisconsin, elected Chris Felton of Burlington, Wisconsin, as a director Felton is president and chief executive officer of Corporate Central Credit Union, leading strategy, innovation and operations. I...
Posted: Jul 16, 2025
Trade Credit insurer Coface has received “in principle approval” from the Lloyd’s marketplace to establish Syndicate 2546, a new short term trade credit syndicate, which will be managed by Apollo Syndicate Management. Coface Lloy...
Posted: Jul 16, 2025
Abundant capacity and intensifying competition among reinsurers are driving softer pricing at the June and July renewals, reinforcing Fitch Ratings’ expectation that market pressures will continue to weigh on prices beyond their 2024 peak. Accordi...
Posted: Jul 16, 2025
Insurance broker Aon announced the promotions of Alfonso Valera as CEO of International for Reinsurance, responsible for UK, EMEA and APAC, and Steve Hofmann as CEO of Americas for Reinsurance, responsible for North America and Latin America. In addi...
Posted: Jul 16, 2025
Second quarter net income at Progressive Corp. increased 118% compared to the same period a year ago to about $3.2 billion. Progressive reports results monthly. Net income for June was up 40% to $1.1 billion. Year-to-date net income as of …
Posted: Jul 16, 2025
Venbrook Group has entered a strategic alliance with DB Insurance to bring a specialty coverage option for multi-unit residential properties in California. The product is tailored for condominium and townhome homeowners association policies. It is th...
Posted: Jul 16, 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has released its fifth industry loss estimate for the flash flooding that impacted southern Ontario on 15th and 16th July 2024, estimating CAD 899 m...
Posted: Jul 16, 2025
Reask, a provider of tropical cyclone risk intelligence, has launched a new global alert service aimed at helping insurers and catastrophe modellers track storms before they make landfall. The service uses high-resolution windfield forecasting to...
Posted: Jul 16, 2025
The Hartford said it is promoting Prateek Chhabra to chief risk officer, succeeding Robert Paiano who will retire from the company at the end of the year. Chhabra, who since 2018 has held the role of senior vice president and …
Posted: Jul 16, 2025
A high percentage of U.S. catastrophe losses resulted in a 38% global insurance protection gap, lowest 1H gap on record: Aon. The post
Posted: Jul 16, 2025
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has appointed Peter Cordell as Head of North America Casualty, effective January 2026. In his new role, Cordell will be based in London and wil...
Posted: Jul 16, 2025
Lockton Re, a reinsurance broker specialising in cyber risk, has released its update on the cyber reinsurance market for the first half of 2025. Their analysis reveals key trends and movements driven by shifts in pricing, capacity, and underwritin...
Posted: Jul 16, 2025