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Cyberattack on UK Health Firm Contributed to Patient Death

Insurance Journal

A cyberattack that caused disruption at hospitals in London last year contributed to the death of a patient, health officials have confirmed for the first time. The incident occurred after a Russian hacking gang in June 2024 targeted Synnovis, a &#82...

Posted: Jun 26, 2025

France’s insurance sector expected to maintain profitability and growth in 2025: S&P

Reinsurance News

According to a report released by S&P Global Ratings, a provider of credit ratings, the French insurance industry is well positioned to sustain both profitability and moderate growth over the coming years. Despite economic headwinds and rising...

Posted: Jun 26, 2025

Billionaire Richard Li’s FWD Group Seeks to Raise $442 Million in Hong Kong IPO

Insurance Journal

Insurer FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion ($442.08 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday. The pan-Asian insurer is offering 91.3 million share...

Posted: Jun 26, 2025

Heat Wave Threatens Power Output and Wildfires Across Europe

Insurance Journal

Europe’s heat wave is intensifying, fueling wildfires across the Mediterranean and threatening to curb electricity generation from both nuclear and hydropower plants. Temperatures in Spain are forecast to hit 39C (102F) on Wednesday, but could...

Posted: Jun 26, 2025

Everest names Pamela Sinclair as Chief Human Resources Officer

Reinsurance News

Everest Group, Ltd., a provider of property, casualty, and specialty reinsurance and insurance, announced that Pamela Sinclair will join the company as Executive Vice President and Chief Human Resources Officer, effective July 14. She will report...

Posted: Jun 26, 2025

Concirrus partnership with Lloyd’s syndicates to redefine submission automation in specialty insuran...

Reinsurance News

Concirrus, a provider of AI-centric insurance solutions, has partnered with one of Lloyd’s leading digital syndicates to redefine underwriting performance in the London Market by optimising submission processing, improving risk analytics, an...

Posted: Jun 26, 2025

Cargo Theft Up 27% in 2024 With Continued Rise Expected: NICB

Insurance Journal

Tariffs, enhanced technology to defeat law enforcement along with profitability of criminal enterprises, and geopolitical circumstances have led to an increased threat to the global supply chain, according to the National Insurance Crime Bureau (NICB...

Posted: Jun 26, 2025

Microsoft Sued by Authors Over Use of Books in AI Training

Insurance Journal

Microsoft has been hit with a lawsuit by a group of authors who claim the company used their books without permission to train its Megatron artificial intelligence model. Kai Bird, Jia Tolentino, Daniel Okrent and several others alleged that Microsof...

Posted: Jun 26, 2025

Florida Citizens Moves to Have Commercial Claims Disputes Decided by DOAH

Insurance Journal

Three years after Citizens Property Insurance Corp. made the unprecedented move to resolve many of its residential claims disputes through a state agency instead of through litigation, officials are now planning to send some commercial claims down th...

Posted: Jun 26, 2025

Slide’s Exec Pay Leads to Questions About Florida Citizens’ Rate Model

Insurance Journal

At Wednesday’s Board of Governors meetings, a Citizens Property Insurance Corp. committee voted to move ahead with the full, 15% average rate increase for personal lines in 2026 – the largest increase allowed under Citizens’ statutory gli...

Posted: Jun 26, 2025

US E&S Growth Slowed Again in ’24; Berkshire, AIG Top Premium Rankings

Insurance Journal

A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 13.4% in 2024, down from 14.5% a year earlier. While growth stayed up in double digits …

Posted: Jun 26, 2025

HEMIC to Act as a Servicing Facility for Hawaii Hurricane Relief Fund

Insurance Journal

HEMIC Insurance Managers is accepting apartment and condominium owner associations (AOAO) applications for hurricane coverage from Hawaii licensed insurance agents. The Department of Commerce and Consumer Affairs announced that the Hawaii Hurricane R...

Posted: Jun 26, 2025

Accenture invests in Reserv to drive growth in claims ecosystem

Reinsurance News

Professional services firm Accenture has invested in Reserv, an insurance claims processing company that complements deep claims expertise with AI-driven solutions through Accenture Ventures, with the terms of the transaction undisclosed. The inve...

Posted: Jun 26, 2025

MIT Sued by Student, Instructor Claiming Campus Antisemitism

Insurance Journal

The Massachusetts Institute of Technology was sued by an instructor and a former student who claim the school’s administration failed to address a “hostile anti-Semitic environment” on campus following the Oct. 7, 2023, attacks in I...

Posted: Jun 26, 2025

Tesla Sued Over Model S Crash That Killed Three in New Jersey

Insurance Journal

Tesla was sued on Monday by the estates of three people killed last September when their 2024 Model S equipped with Autopilot and Full Self-Driving features crashed on New Jersey’s Garden State Parkway. The wrongful death lawsuit filed in the &...

Posted: Jun 26, 2025

Idaho Woman Sentenced for Concealing Insurance Fraud Conviction on Application

Insurance Journal

An Idaho woman was sentenced to seven-and-a-half years in prison and fined for applying for insurance coverage while concealing a prior felony conviction for insurance fraud. Elisa Hernandez was convicted of one felony count of insurance fraud follow...

Posted: Jun 26, 2025

People Moves: MAPFRE USA Names Pasko; Roosevelt Road Appoints Cook

Insurance Journal

MAPFRE USA Names Pasko Executive Vice President, General Counsel, Secretary MAPFRE USA, headquartered in Boston, Massachusetts, appointed Mark Pasko as executive vice president, general counsel and secretary of MAPFRE USA, effective July 21. Pasko wi...

Posted: Jun 26, 2025

Protected: Webinar: Using AI Responsibly in a Workers’ Compensation Setting

Risk & Insurance

There is no excerpt because this is a protected post. The post Protected: Webinar: Using AI Responsibly in a Workers’ Compensation Settin...

Posted: Jun 25, 2025

Chubb launches new engineering center in Bogotá

coverager

The center is scheduled to open in October 2025.

Posted: Jun 25, 2025

Blue Zebra prepares for life after Youi

coverager

Blue Zebra's independent shareholders also look to acquire Youi’s stake in the business.

Posted: Jun 25, 2025

Generali Employee Benefits partners with Euphoric

coverager

Euphoric developed a benefits administration platform that helps employees and employers navigate corporate benefit plans.

Posted: Jun 25, 2025

Insurers Use RICO to Fight Fraud in New York

IIR

Insurers are increasingly turning to RICO litigation in New York to dismantle complex fraud rings, recover losses, and deter future abuse of the no-fault insurance system.

Posted: Jun 25, 2025

MetLife Expands Use of Sprout.ai to Boost Claims Automation

IIR

The insurer will extend AI-powered claims automation across operations in the U.S., Asia, and Latin America.

Posted: Jun 25, 2025

Instnt Partners With Munich Re on AI Identity Fraud Coverage

IIR

Instnt expands reinsurance capacity through Munich Re to support AI-based identity fraud loss insurance.

Posted: Jun 25, 2025

Soaring Temperatures Stress U.S. Grids

Carrier Management

Soaring Temperatures Stress U.S. Grids Blistering heat is straining power grids across the...

Posted: Jun 25, 2025

U.S. Braces for ‘Low-Level’ Cyber Attacks by Iran After Airstrikes

Carrier Management

U.S. Braces for ‘Low-Level’ Cyber Attacks by Iran After Airstrikes U.S. official...

Posted: Jun 25, 2025

Relief for Florida Condo Owners Under New Law Alleviating Fees for Safety Upgrades

Carrier Management

Relief for Florida Condo Owners Under New Law Alleviating Fees for Safety Upgrades Florida condominium...

Posted: Jun 25, 2025

US Safety Agency Questions Tesla on Robotaxi Issues Seen in Online Videos

Carrier Management

US Safety Agency Questions Tesla on Robotaxi Issues Seen in Online V...

Posted: Jun 25, 2025

Cargo Theft Up 27% in 2024 With Continued Rise Expected: NICB

Carrier Management

Cargo Theft Up 27% in 2024 With Continued Rise Expected: NICB Tariffs, enhanced technology to...

Posted: Jun 25, 2025

First Financial to Acquire Westfield Bancorp From Ohio Farmers

Insurance Journal

First Financial announced that it has entered into a definitive agreement to acquire Westfield Bancorp, in a cash and stock transaction, from Ohio Farmers Insurance Company. Ohio Farmers is the parent company of the global property and casualty insur...

Posted: Jun 25, 2025

Ryan Transactional Risk Launches Environmental Practice Product

Insurance Journal

Ryan Transactional Risk announced the launch of a new product that will specialize in insuring the risk of cost overruns for environmental remediations and clean-ups. Ryan Transactional Risk Enviro is providing Environmental Remediation Cost Overrun...

Posted: Jun 25, 2025

People Moves: Holmes Murphy Announces New Shareholders

Insurance Journal

Holmes Murphy, headquartered in Waukee, Iowa, named 23 new employees who made their first stock purchase after completing the company’s premier leadership program, Holmes Murphy University. Shareholders help determine the direction of major com...

Posted: Jun 25, 2025

Canada Life Re to cease new business for US traditional life mortality risk reinsurance

Reinsurance News

Canada Life Reinsurance, part of financial services holding company Great-West Lifeco, has decided to stop new business for its US traditional life mortality risk reinsurance line, known as U.S. Trad Life, as the firm looks to focus on its core ma...

Posted: Jun 25, 2025

NHTSA Contacts Tesla on Robotaxi Issues Seen in Online Videos

Insurance Journal

The National Highway Traffic Safety Administration is seeking information from Tesla after reviewing online videos of a robotaxi allegedly using the wrong lane and of speeding by another driverless vehicle. The U.S. auto safety agency said it is &#82...

Posted: Jun 25, 2025

Grenada renews CCRIF SPC parametric insurance policies for 25/26

Reinsurance News

The Government of Grenada has confirmed the renewal of the country’s annual parametric insurance coverage with the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) for 2025/2026, for a total cost of roug...

Posted: Jun 25, 2025

Markets/Coverages: Brit Launches Digital Flood Product for US Market

Insurance Journal

Brit Group Holdings Limited announced the launch of Brit Flood, a new digital underwriting platform for brokers to help address the protection gap which exists in the US flood market. “With floods occurring more frequently, the role of private...

Posted: Jun 25, 2025

Howden Gets Regulatory Nod to Launch Reinsurance Unit in Kingdom of Saudi Arabia

Insurance Journal

Howden, the London-based insurance intermediary group, announced it has received regulatory approval to launch a reinsurance operation in the Kingdom of Saudi Arabia. The new business will be led by Motaz Bukhari, who has been appointed chief executi...

Posted: Jun 25, 2025

9 Questions for NFP’s Adrian Pellen

Risk & Insurance

Pellen is seeing more contractors dig into their own data to get to the root of claims. The post 9 Questions for NFP’s Adrian Pellen appeared first on

Posted: Jun 25, 2025

AXA Launches Unified Ceded Re Team for Greater Operational Alignment

Insurance Journal

AXA announced an organizational restructuring that integrates the AXA Group and AXA XL Ceded Reinsurance teams to create a unified Ceded Re team, effective July 1, 2025. The unified Ceded Re team will operate under the leadership of Guy Van …

Posted: Jun 25, 2025

Ledgebrook secures $65m in oversubscribed Series C round to drive strategic growth

Reinsurance News

Ledgebrook Inc., a technology-focused provider in the Excess and Surplus Lines insurance sector, has announced the close of a $65 million Series C funding round. The round was significantly oversubscribed and led by existing investor The Stephens...

Posted: Jun 25, 2025

College Team Physicians Wary of Greater Liability Risk With Athletes Making Money

Insurance Journal

The professionalization of college sports has prompted concern among team physicians that they will be exposed to a greater risk of being sued by athletes who claim a poor outcome from treatment caused them to lose future earnings. Before July &#8230...

Posted: Jun 25, 2025