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Michigan Attorney General Dana Nessel announced a lawsuit against Hummingbird Construction Co., LLC and its owner, Matthew Ashline, for allegedly scamming multiple customers by accepting deposits for construction projects never started and then faili...
Posted: Jul 15, 2025
Strategic Priorities 2025: A New Operating Business Foundation for the New Era of Insurance From Our Partners srado...
Posted: Jul 15, 2025
President Donald Trump plans to deliver a major address on artificial intelligence next week to outline his vision for ensuring American dominance in AI, marking his biggest statement on an emerging technology at the heart of the US-China rivalry. Tr...
Posted: Jul 15, 2025
The Fidelis Partnership and Fidelis Insurance Group celebrate the 10-year anniversary of Fidelis’ launch, highlighting its growth and key achievements over the past decade, including Fidelis Insurance Group’s increase in Gross Premiums Written fro...
Posted: Jul 15, 2025
Accelerant Holdings has launched its initial public offering (IPO) of 28,947,368 Class A common shares, consisting of 20,276,280 common shares offered by Accelerant and 8,671,088 shares to be sold by certain existing shareholders. On July 1st, 202...
Posted: Jul 15, 2025
California Insurance Commissioner Ricardo Lara approved a higher September 1, 2025, pure workers’ compensation premium rate filing. The decision followed a filing by the Workers’ Compensation Insurance Rating Bureau of California. The WCI...
Posted: Jul 15, 2025
A farmworker who fell from a greenhouse roof during a chaotic ICE raid this week at a California cannabis facility died Saturday of his injuries. Jaime Alanis, 57, is the first known person to die during one of the Trump …
Posted: Jul 15, 2025
After 16 years working for car dealerships, Mistry Carson was ready for a change. Here's her personal journey as a non-traditional insurance hire. The post
Posted: Jul 15, 2025
Credit ratings agency, Moody’s Ratings, has appointed Antonello Aquino as Global Co-Head of Insurance, his role includes oversight of the Global Funds and Asset Management team. He will be based in London. Aquino will lead the insurance busi...
Posted: Jul 15, 2025
Global insurance and reinsurance broker Aon has announced its plans to launch a UK-based Captive Management Company, a move that comes in anticipation of the new regulations that will allow captives to be domiciled in the UK. This news follows the...
Posted: Jul 15, 2025
Insured losses from U.S. hurricanes could rise by nearly 50% under a 2°C (3.6°F) global warming scenario, according to MS Amlin, the Lloyd’s global reinsurer. A peer-reviewed study published in the Journal of Catastrophe Risk and Resilience sho...
Posted: Jul 15, 2025
A new law in Texas has significantly lowered the loss funding requirements for the Texas Windstorm Insurance Association (TWIA), shifting the standard from coverage for a 1-in-100-year storm event to just a 1-in-50-year event, meaning it may scale...
Posted: Jul 15, 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, announced the launch of a dedicated product for financial institutions operating in the burgeoning cryptocurrency market. The product is designed for European crypto-asset servi...
Posted: Jul 15, 2025
Heavy rain swept across parts of the U.S. Northeast on Monday night, inundating sections of New York and New Jersey with flash flooding that stranded vehicles in roadways, closed subway lines and led to a declaration of a state of …
Posted: Jul 15, 2025
During the hx Live 2025 event, Reinsurance News spoke with Tom Clark, Field CTO at hyperexponential (hx), who highlighted upcoming products and advancements, including Kernel—a major upgrade to hx Renew that equips reinsurers with more data, enabl...
Posted: Jul 15, 2025
A landmark ban on the use of non-disclosure agreements in workplace misconduct cases – a longstanding practice of financial firms – may make it harder for victims to win compensation and discourage some from speaking up, lawyers say. Unde...
Posted: Jul 15, 2025
Several firms, including the London Market Group (LMG), the International Underwriting Association (IUA), and LIIBA, have welcomed the Chancellor of the Exchequer’s announcement that HM Treasury will proceed with introducing a UK regime for captiv...
Posted: Jul 15, 2025
Dedicated reinsurance capital hit a record $463 billion in 2024, with year-on year capacity increases in the double digits. The post
Posted: Jul 15, 2025
Building on their existing partnership, Aviva is set to lead hyperexponential’s (hx) AI beta programme, spearheading the exploration of the newly launched Actuarial Agent within hx Renew. The Actuarial Agent will reportedly support a range of targ...
Posted: Jul 15, 2025
This post is part of a series sponsored by AgentSync. The insurance distribution chain is the path from product production to consumer consumption. And everyone involved in that process—the different entities that can help a company deliver a product...
Posted: Jul 15, 2025
Conduit Holdings Limited, the ultimate parent company of Bermuda-based reinsurer Conduit Re, has announced the appointment of William Randolph as Chief Risk Officer. Based in Bermuda, Randolph will lead Conduit Re’s enterprise risk management func...
Posted: Jul 15, 2025
All four people aboard a small plane that crashed shortly after taking off from London Southend Airport are dead, police said Monday. Essex Police said work continued to formally identify the victims of Sunday’s crash. “At this stage, we...
Posted: Jul 15, 2025
UK businesses are dialing back hiring for jobs that are likely to be affected by the rollout of artificial intelligence, a study found, suggesting the new technology is accentuating a slowdown in the nation’s labor market. Job vacancies have de...
Posted: Jul 15, 2025
Bermuda-based life and annuity reinsurer Aspida Life Re has completed its second reinsurance transaction in Japan, effective June 1, 2025, marking a key milestone in its global expansion strategy. The deal was executed with a highly rated Japanese...
Posted: Jul 15, 2025
A preliminary investigation into the crash of an Air India passenger jet last month that killed 260 people raises additional questions about the incident and the investigation is far from over, Air India’s CEO said in a memo on Monday. …
Posted: Jul 15, 2025
Starr Insurance has announced the appointment of PeiQi Lee as Head of Casualty, Asia Pacific. Based in Starr’s Singapore office, Lee will manage all technical underwriting within the Asia Casualty team and drive profitable growth across the region...
Posted: Jul 15, 2025
British farmers are facing increased fire risks to both their fields and harvesting machines, following a long spell of hot, dry weather. Incident reports from fire and rescue services over the weekend show blazes hitting hay bales in Cornwall, while...
Posted: Jul 15, 2025
A tropical rainstorm is expected to bring flooding to the Florida Peninsula on Tuesday before making its way across the Gulf Coast and into Louisiana later in the week. The Florida Peninsula, coastal Alabama and Mississippi and southeastern Louisiana...
Posted: Jul 15, 2025
The Texas Department of Insurance shared a bulletin on flooding disaster guidance in light of the deadly floods in the Texas Hill Country. The bulletin lays out expectations for how insurers, agents, contractors, adjusters and HMOs should work with p...
Posted: Jul 15, 2025
Global claims services provider McLarens has announced the appointment of Danny Miller as Chief Global Strategy Officer (CGSO), a newly created role within the firm’s Global Management Team (GMT). In his new role, Miller will focus on long-term st...
Posted: Jul 15, 2025
The insurance fronting model is rapidly maturing, moving beyond a race for scale to a focus on operational excellence, according to a recent report by Conning. This shift comes amid significant growth, increasing challenges, and a market shakeout...
Posted: Jul 15, 2025
Even before the Central Texas floods that killed more than 100 people, the state was by far the leader in U.S. flood deaths due partly to geography that can funnel rainwater into deadly deluges, according to a study spanning decades. …
Posted: Jul 15, 2025
U.S. Faces More Extreme Weather Events, but Is Our Society Living in the Past? After dea...
Posted: Jul 15, 2025
U.S. Vehicle Recalls Reach Highest Level in Over a Year More than 7.3 million vehicles were recalled be...
Posted: Jul 15, 2025
Complex Mix of Nat Cat Exposures Drive Rising Insurance Costs in Texas: Triple-I...
Posted: Jul 15, 2025
UN Report Urges Stronger Measures to Detect AI Deepfakes Comp...
Posted: Jul 15, 2025
Nursing Homes Struggle With Trump’s Immigration Crackdown Nursing homes already struggli...
Posted: Jul 15, 2025
WTW Appoints Lockner as Strategic Client Advisor to AAIS Team in North America Willis, a WTW business headquartered in London, appointed Cecelia Lockner as senior director, strategic client advisor within the North America alternative asset insurance...
Posted: Jul 15, 2025
Dozens of U.S. ice cream producers are planning to remove artificial colors from their products by 2028, a dairy industry group and government officials said on Monday. The producers, which together represent more than 90% of ice cream sold in …...
Posted: Jul 15, 2025
MSIG Insurance (Malaysia) Bhd has announced that Chua Seck Guan, its Chief Executive Officer (CEO) since March 30th, 2010, retired on July 2nd, 2025, after a career spanning 42 years in the insurance industry, including 15 years at the firm. Follo...
Posted: Jul 15, 2025
Georgia-based Afore Insurance Services, LLC has acquired Naples, Florida based TailoredRisk Insurance Advisors, LLC. Afore also appointed TailoredRisk’s principal, John Paolini, to the role of executive vice president of its national personal l...
Posted: Jul 15, 2025
The maker of a massive wind turbine blade that broke apart off Nantucket Island and washed up on beaches for months has agreed to a $10.5 million settlement to pay local businesses for their economic losses, officials said Friday. Fiberglass …
Posted: Jul 15, 2025
World Insurance Associates LLC reported that it acquired the business of Healey & Associates of Portland, Maine on May 1, 2025. Terms of the transaction were not disclosed. Healey has been offering employee benefits throughout New England since 1...
Posted: Jul 15, 2025
Flames roared through an assisted-living facility in Massachusetts, killing nine people and trapping residents inside, including some who leaned out of windows and screamed for help, authorities said Monday. At least 30 people were hurt. A firefighte...
Posted: Jul 15, 2025
Trucordia has announced its acquisition of the Fuhriman Insurance business. Based in Boise, Idaho, Fuhriman Insurance offers insurance solutions for auto, home, commercial, life, umbrella, renters, workers compensation, toys and pest control. The acq...
Posted: Jul 15, 2025
A Miami homeowner is suing Florida’s Citizens Property Insurance Corp. for forcing him into arbitration over a 2024 damage claim dispute, claiming the process violates due process and equal protection rights. Stainton Williams, 92, contends the...
Posted: Jul 15, 2025
The federal Occupational Safety and Health Administration (OSHA) reported that it has cited an Orlando, Florida target-missile manufacturer for exposing workers to fire, burn, and inhalation hazards. Aerojet Rocketdyne was cited with one willful and...
Posted: Jul 15, 2025
The insurer says Penn River’s cloud-native system will support faster product rollouts and improved service for policyholders.
Posted: Jul 14, 2025
Andrew Walker has joined Unum Group as chief customer operations officer, bringing experience in operations leadership across multiple industries.
Posted: Jul 14, 2025
The Pennsylvania and Delaware Compensation Rating Bureaus have introduced WorkComp360, an interactive analytics solution built on Cloverleaf’s platform to help insurers gain insights into workers’ compensation data.
Posted: Jul 14, 2025