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Posted: Oct 27, 2025
A staff member at a residential school in Massachusetts died after being kicked in the chest while trying to restrain a 14-year-old student, and the girl is charged with assault, a prosecutor said. The incident happened last Wednesday night at …...
Posted: Oct 27, 2025
The National Highway Traffic Safety Administration is expanding its probe into 286,000 General Motors vehicles in the U.S. over a possible engine failure issue, the safety regulator said on Monday, following several complaints, despite a recall. The...
Posted: Oct 27, 2025
AXA XL supported the publication of a new report by the Cambridge Centre for Risk Studies (CCRS), which highlighted the increasing frequency and severity of wildfires in California and the critical role of the re/insurance industry in enabling an...
Posted: Oct 27, 2025
NCCI study reveals dramatic frequency declines in remote-friendly jobs, though these workers represent just 11% of total workers' compensation premium. The post
Posted: Oct 27, 2025
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has appointed Hitesh Ramesh Chandra Joshi as interim Chairman-cum-Managing Director (CMD), effective October 1st, 2025. The appointment was approved by the Minist...
Posted: Oct 27, 2025
U.S. carrier Alaska Airlines said it had restored operations after a technology outage that grounded flights across the country and forced it to cancel more than 400 flights, disrupting travel for more than 49,000 passengers. Alaska Air Group said Oc...
Posted: Oct 27, 2025
New York City’s St. John’s University is partnering with ACORD, the standards-setting body for the insurance industry, to offer virtual or in-person learning to employees of organizations that are members of ACORD. Programs focus on insur...
Posted: Oct 27, 2025
Goosehead Insurance, an independent personal lines insurance agency, reported a total revenue increase of 16% to $90.4 million for the third quarter of 2025, with a 15% increase in total written premiums to $1.2 billion. Core Revenues, a non-GAAP...
Posted: Oct 27, 2025
For nearly three years, JPMorgan Chase has picking up the legal tab of Charlie Javice and Olivier Amar, the two convicted fraudsters who sold their financial aid startup Frank to the bank. But the two have racked up an astronomical, …
Posted: Oct 27, 2025
Cyber analytics firm CyberCube said losses from the Amazon Web Services outage could eclipse $580 million. CyberCube late last week put out a preliminary global insured loss estimate of between $38 million and $581 million for the AWS event, which &#...
Posted: Oct 27, 2025
Cyber analytics firm CyberCube said losses from the Amazon Web Services outage could eclipse $580 million. CyberCube late last week put out a preliminary global insured loss estimate of between $38 million and $581 million for the AWS event, which &#...
Posted: Oct 27, 2025
This edition of International People Moves details appointments at Liberty Mutual Reinsurance and IQUW Bermuda. A summary of these new hires follows here. Liberty Mutual Re Taps Aldwinckle From AXA XL Re as CUO, International Casualty Liberty Mutual...
Posted: Oct 27, 2025
The US composite rate has declined by 1% in the third quarter of 2025 after remaining flat in the prior quarter, according to Marsh’s Global Insurance Market Index. This overall drop was largely driven by US property insurance rates, which decline...
Posted: Oct 27, 2025
Alfa Insurance is moving into new headquarters in Montgomery, Alabama. But first, the space has to be renovated, the insurer said in news release last week. Alfa, one of the largest property insurers in Alabama, and its sister organization, the ̷...
Posted: Oct 27, 2025
Majesco, a provider of cloud-based insurance software, has announced the launch of a new managing general agent (MGA) Model Office for P&C CoreConnect. This new model office is described as an innovative, fully pre-configured MGA system that i...
Posted: Oct 27, 2025
ExxonMobil Corp. has sued California, arguing that two new state laws violate the First Amendment by trying to force it to agree to a certain climate viewpoint, and conflict with federal regulations. The lawsuit, filed Friday, alleges that the two &#...
Posted: Oct 27, 2025
Alabama has become the seventh state to adopt the “SLIP+ for States” reporting and payment platform for surplus lines data and taxes, starting in 2025. Surplus lines brokers who already have a SLIP+ login do not need to register for ̷...
Posted: Oct 27, 2025
Gallagher Re, the reinsurance broker and risk advisory firm, provides new insights into Japan’s non-life insurance sector in its latest Asia Pacific Market Watch Report. The report shows that Japan, a global top-ten market by non-life premiums and...
Posted: Oct 27, 2025
Mozambique has received a $2 million parametric insurance payout for drought protection covering the 2025–2026 agricultural season, marking the country’s third consecutive year of coverage under the African Development Bank’s disaster risk financi...
Posted: Oct 27, 2025
UK insurer Legal and General Assurance Society Limited (L&G) has completed two buy-ins totalling £4.6 billion with pension schemes sponsored by Ford Motor Company Limited, the Ford Hourly Paid Contributory Pension Fund and the Ford Salaried Co...
Posted: Oct 27, 2025
French authorities have arrested several suspects after a frantic manhunt for the men who staged a spectacular daytime heist at the Louvre museum that gripped the world and embarrassed the government in Paris. The Paris prosecutor’s office conf...
Posted: Oct 27, 2025
Fitch Ratings’ latest analysis of a leading global reinsurer peer group, including Hannover Re, Lloyd’s, Munich Re, PartnerRe, SCOR, and Swiss Re, found that their reserving remains prudent, offering scope to manage and smooth earnings across the...
Posted: Oct 27, 2025
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has appointed Andrew Aldwinckle as International Casualty Chief Underwriting Officer (CUO), effective 1 February 2026. In the new role, Aldwinckle will be based in London...
Posted: Oct 27, 2025
Hurricane Melissa strengthened further after pausing for most of Sunday south of Jamaica, with forecasters fearing the historic storm will lead to a humanitarian and economic disaster across the region. Melissa’s top winds reached 150 miles (24...
Posted: Oct 27, 2025
Hurricane Melissa plowed toward Jamaica as a powerful Category 5 storm, threatening to bring widespread destruction to the island. Melissa’s top winds reached 160 miles (257 kilometers) per hour, the US National Hurricane Center said in an advi...
Posted: Oct 27, 2025
Syndicate Research Limited (SRL) has announced that it has assigned its Continuity Opinions (SCOs) to a group of major Lloyd’s syndicates. SRL’s Continuity Opinions are forward-looking assessments of an individual Lloyd’s syndicate’s r...
Posted: Oct 27, 2025
HSBC Holdings said on Monday it will book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff’s Ponzi scheme. HSBC acted as a service provider to several …
Posted: Oct 27, 2025
Apollo, the specialist Lloyd’s re/insurance group, has licensed six of Moody’s high-definition catastrophe models to strengthen its understanding of risk across multiple global perils. Delivered via the cloud-native Moody’s Intelligent Risk Platfo...
Posted: Oct 27, 2025
Hong Kong startup Stellerus aims to create a constellation of satellites to become the world’s first provider of three-dimensional wind data provided by the devices, according to the South China Morning Post. Stellerus, founded in 2023 by Hong...
Posted: Oct 27, 2025
Allianz Commercial, part of global insurer Allianz, has announced a new Board structure and appointments aimed at accelerating growth in its target markets and further strengthening market-facing activities for clients and brokers, effective 1st J...
Posted: Oct 27, 2025
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of The Farmers Automobile Insurance As...
Posted: Oct 27, 2025
Post years of hardening, capacity is returning to the Asia Pacific (APAC) reinsurance market, says reinsurance broker Gallagher Re in a new Asia Pacific Market Watch report, which dubs this a ‘turning point’ for the region. This return...
Posted: Oct 27, 2025
A director at a company that sells computer vulnerabilities has been charged with stealing secrets to sell to an unspecified buyer in Russia, according to a court document and people familiar with the matter. Peter Williams was accused of stealing &#...
Posted: Oct 27, 2025
U.S. Google users who won a $425 million jury verdict in a consumer privacy class action last month have asked a federal judge to force the Alphabet unit to forfeit an additional $2.36 billion in profits. The consumers in an …
Posted: Oct 27, 2025
Universal Insurance Holdings, parent company of Florida’s third-largest property insurer, reported an improved bottom line for the third quarter this year, even with a steady increase in policies in recent months. After shedding more than 160,0...
Posted: Oct 27, 2025
A dark history long buried under the towering live oak trees and manicured lawns of a country club in Florida’s capital city of Tallahassee is reviving painful memories of the community’s segregated past and fueling some residents’...
Posted: Oct 27, 2025
An employee allegedly stole 47 vehicles from an Avis Budget site at an upstate New York airport and rented them out around the region, police said Friday. The car rental company reported to authorities that the vehicles, worth more than …
Posted: Oct 27, 2025
California Insurance Commissioner Ricardo Lara issued a formal notice asking insurance companies to implement protective measures, including a moratorium on cancellations, for policyholders who may be impacted by the federal government shutdown. Acco...
Posted: Oct 27, 2025
Cowbell Names Klipphahn and Hewerdine to Mid-Market and Claims Leadership Cowbell named Jessica Klipphahn head of North America mid-market and Stephanie Hewerdine as director of claims. Klipphahn has more than 15 years of experience in the insurance...
Posted: Oct 27, 2025