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Insurance Business Magazine - US
Posted: Jul 10, 2025
Six firefighters suffered minor injuries in a blaze Thursday that partially collapsed a three-story building in a New Jersey neighborhood, authorities said. The fire in Jersey City, which started at about 1:30 a.m., also spread to nearby buildings, d...
Posted: Jul 10, 2025
Crawford & Company, an independent provider of claims management and outsourcing solutions to carriers, brokers and corporates, has released its latest Large Loss Claims Review and Outlook. The report provides insights from Crawford’s global o...
Posted: Jul 10, 2025
Property/casualty insurers have started to broadcast the fact that they have earned spots on Ward’s list of 50 top-performing insurance companies for 2025, but only one was named for 35 straight years—RLI Corp. In addition, there were three new...
Posted: Jul 10, 2025
All 31 construction workers who were far inside a huge industrial tunnel in Los Angeles made it to safety after a portion of it collapsed Wednesday evening, an outcome officials called a blessing after they initially feared much worse. The …
Posted: Jul 10, 2025
Supercede, the reinsurance technology platform, has introduced a new feature that automates the production of Lloyd’s Syndicate Reinsurance Structure (SRS) returns. The feature was developed following Supercede’s involvement in Cohort 14 of the Ll...
Posted: Jul 10, 2025
Descartes Insurance, the Paris-based risk-carrying subsidiary of parametric-insurer Descartes, has expanded its offering to corporate clients and public institutions to include credit and political risk insurance (CPRI). To support its expansion into...
Posted: Jul 10, 2025
Global advisory, broking and solutions company WTW, has announced the appointment of Gary Finkelstein as Senior Director to its Insurance Consulting and Technology (ICT) business, a London-based role. In his new role, Finkelstein will leverage his...
Posted: Jul 10, 2025
A Maryland husband and wife have been sentenced to 12 years in prison and four years in prison, respectively, after their convictions for a $20 million scheme to commit insurance fraud. In addition to their prison sentences, a judge for …
Posted: Jul 10, 2025
Legal & General (L&G) and Blackstone have agreed a long-term strategic partnership, combining their respective credit platforms to enhance L&G’s competitive advantage in annuities and bolster its asset management proposition in key geo...
Posted: Jul 10, 2025
This edition of International People Moves details appointments at QBE Re and Liberty Global Transaction Solutions. A summary of these new hires follows here. QBE Re Names Senior Leaders Across Markets, Product Areas as Part of Restructuring QBE Re h...
Posted: Jul 10, 2025
Tysers Insurance Brokers has appointed Amin Basbous as Senior Executive Officer (SEO) for Tysers Dubai, reporting to Tom Wilson, Chief Executive Officer of Tysers. Basbous joined Tysers in a broking role over a decade ago, and has since used his m...
Posted: Jul 10, 2025
Augmented UW Ltd., a new managing general agent (MGA), has launched with the goal of streamlining underwriting processes in the London insurance market using artificial intelligence and digital tools. Founded by Daniel Prince—former CEO of Rethink...
Posted: Jul 10, 2025
Augmented UW Ltd., the AI-driven managing general agent, has launched in London to serve the smart-follow insurance market. The MGA was founded by Chief Executive Officer Daniel Prince, a leading executive in the London insurance market, who was form...
Posted: Jul 10, 2025
QBE Re, the reinsurance arm of QBE Insurance Group has unveiled a new simplified leadership structure, announcing a number of key appointments across markets and product areas. Leading QBE Re’s EMEA, International and North American markets are th...
Posted: Jul 10, 2025
Property catastrophe reinsurance rates have fallen 8.1% globally following the April and mid-year renewals, according to the latest update of Guy Carpenter’s property catastrophe reinsurance rate on line indices. Regular readers will recall...
Posted: Jul 10, 2025
Versicherungskammer Group, Germany’s largest public insurer, has selected Clearwater Analytics’ platform to power its middle, back office and risk functions. Clearwater’s unified, cloud-native platform delivers comprehensive investment data manage...
Posted: Jul 10, 2025
Extreme weather events such as heatwaves, flooding and wildfires could wipe as much off euro zone GDP in the next five years as the global financial crisis or the COVID-19 pandemic, a senior European Central Bank official said on Wednesday. …
Posted: Jul 10, 2025
Descartes Insurance, the risk-carrying subsidiary of Descartes, a specialist in parametric insurance solutions, has expanded its offerings to corporate clients and public institutions to include Credit and Political Risk Insurance (CPRI), further...
Posted: Jul 10, 2025
Pricing in the UK defined benefit pension scheme bulk annuity market has reached its most favourable level in over two years, driven by increased competition, according to new data from Aon. Mike Edwards, Partner, Risk Settlement Group, Aon, noted...
Posted: Jul 10, 2025
AM Specialty Insurance Group has appointed Tom Griggs as Managing Director (MD) of Tailored Solutions at Pinpoint UK Solutions Ltd (Pinpoint), the London-based arm of AM Specialty. This appointment is a key step in AM Specialty’s international exp...
Posted: Jul 10, 2025
Markel Insurance, the insurance arm of Markel Group Inc., has announced the appointment of Joanna Quigan as Senior Underwriter, Professional and Financial Risks (PFR). Based in Melbourne, Quigan will report to Kym Beazleigh, Head of Professional a...
Posted: Jul 10, 2025
The five U.S. cities with the riskiest drivers are all located in the Northeast, according to Allstate’s 2025 America’s Best Drivers Report. The insurer listed Boston as the city where drivers were most likely to experience a collision, f...
Posted: Jul 10, 2025
Advanta, a specialist technical adjusting firm, has announced the merger of Propicsa, a specialist Latin America and Caribbean loss adjuster, into its operations, aiming to strengthen its capabilities in the region and enhance its service offering...
Posted: Jul 10, 2025
Over the last decade, an array of Texas state and local agencies missed opportunities to fund a flood warning system intended to avert a disaster like the one that killed dozens of young campers and scores of others in Kerr …
Posted: Jul 10, 2025
Low water levels following a drought and heatwave in western Europe continue to hinder shipping through the Rhine river in Germany, commodity traders said on Wednesday, with rain in past days generating only a moderate rise in water levels. Low ̷...
Posted: Jul 10, 2025
The cyberattack that derailed Marks & Spencer Group Plc’s operations for weeks was the result of a “sophisticated impersonation” of one of the retailer’s third-party users, according to Chairman Archie Norman. The hackers...
Posted: Jul 10, 2025
Qantas Airways Ltd. said personal information belonging to 5.7 million customers, ranging from names and addresses to phone numbers and meal preferences, were stolen in last week’s cyberattack, as the fallout from the latest airline security br...
Posted: Jul 10, 2025
The U.S. Army Corps of Engineers has released a revised study on potential flood controls for the part of the Pearl River that runs along Jackson, narrowing its focus to two proposals, and only one of them would resemble the …
Posted: Jul 10, 2025
The Tennessee Department of Commerce and Insurance announced promotions to key insurance regulatory, emergency services and management roles. Bryant Cummings, with 23 years at the department, was named director of insurance examinations, TDCI said in...
Posted: Jul 10, 2025
A hospital lab employee who was fired for refusing to be vaccinated against COVID-19 has lost her claim that she suffered discrimination because her employer failed to accommodate her disability under the Americans with Disabilities Act (ADA). The Fo...
Posted: Jul 10, 2025
A former California insurance agent was sentenced to 50 months in federal prison for defrauding a lender out of $3.7 million with bogus applications for fine art insurance policies. Tonja Van Roy, 59, of Las Vegas, but who formerly operated …
Posted: Jul 10, 2025
Insurance agency Lawley, headquartered in Buffalo, New York, named several new professionals across the agency. Anto Almasian is a new surety executive in the Buffalo office. He has expertise in managing a diverse portfolio of clients and an understa...
Posted: Jul 10, 2025
ERS, a UK specialist motor insurer, has announced the promotion of Chris Wilson to Head of Fleet and Commercial Motor. This follows Scott Tillbrook’s move into the role of Active Underwriter and marks a strategic shift to bring two closely connect...
Posted: Jul 10, 2025
The Washington Office of the Insurance Commissioner reported it recovered more than $100 million for consumers during a two-year period. The Office of the Insurance Commissioner’s Consumer Advocacy Program closed out the biennium from 2023 to 2...
Posted: Jul 10, 2025
The Washington Office of the Insurance Commissioner reported it recovered more than $100 million for consumers during a two-year period. The Office of the Insurance Commissioner’s Consumer Advocacy Program closed out the biennium from 2023 to 2...
Posted: Jul 10, 2025
This post is part of a series sponsored by EZLynx. Time is the most valuable asset in any service business — and as an independent agent, you know all too well that your time is often in short supply. MyInsuranceGuy, …
Posted: Jul 09, 2025
The company says its new Risk Notes and Claim Event Indicators will help insurers shift from reactive to proactive claims management.
Posted: Jul 09, 2025
Insurance Information Institute
For Immediate Release Triple-I: Loretta Worters, [email protected] Milliman: Jeremy Engdahl-Johnson, [email protected] MALVERN, Pa., July 10, 2025 – The U.S. property/casualty (P/C) insurance industry began 2025 with a mixed u...
Posted: Jul 09, 2025
Insurance Information Institute
The Insurance Information Institute (Triple-I) extends its deepest condolences to those impacted by the recent flooding in Texas Hill Country. As insurers continue to serve as financial first responders, it is critical for homeowners to understand th...
Posted: Jul 09, 2025
AI-driven support anticipates needs, personalizes interactions, and frees humans for empathy, redefining customer experience and loyalty.
Posted: Jul 09, 2025
Las Vegas, Jacksonville, and Los Angeles top cities for suspected fraud; Gen Z claimants frequently flagged via Instagram.
Posted: Jul 09, 2025
Florida Reinsurance Buyers Found Ample Property Capacit...
Posted: Jul 09, 2025