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Florida Reinsurance Buyers Found Ample Property Capacity at Mid-Year Renewals

Carrier Management

Florida Reinsurance Buyers Found Ample Property Capacit...

Posted: Jul 09, 2025

World Court to Issue Climate Change Opinion on July 23

Carrier Management

World Court to Issue Climate Change Opinion on July 23 The top United Nations court...

Posted: Jul 09, 2025

Florida Teen Drivers Required to Take New Education Course Beginning August 1

Carrier Management

Florida Teen Drivers Required to Take New Education Course Beginning August 1 A new law...

Posted: Jul 09, 2025

Several San Francisco City Buildings Remain at Risk of Earthquake-Caused Collapse

Carrier Management

Several San Francisco City Buildings Remain at Risk of Earthquake-Caused Collapse There are at least two...

Posted: Jul 09, 2025

Three Insurers Join Ward’s Annual Top 50 P/C Ranking for 2025

Carrier Management

Three Insurers Join Ward’s Annual Top 50 P/C Ranking for 2025 Property/casualty insurer...

Posted: Jul 09, 2025

Aon launches data center program

coverager

DCLP delivers an integrated solution that spans construction, cargo, cyber and operational exposure under one coordinated program. 

Posted: Jul 09, 2025

Neptune Flood secures $400 Million of premium capacity

coverager

Neptune's capacity panel now includes more than 30 insurance and reinsurance partners.

Posted: Jul 09, 2025

Sunrise launches travel and cyber insurance

coverager

Sunrise is a Swiss telecommunications company.

Posted: Jul 09, 2025

Trinity Capital commits $35 million to INSHUR

coverager

This capital will help grow INSHUR's continued expansion across the US.

Posted: Jul 09, 2025

Sunsetting of Toggle

coverager

Carpe Data conducted a wide-scale national review of injury claims fraud found online, uncovering geographic hot spots, fraudulent tactics, and claim patterns in 2024.

Posted: Jul 09, 2025

Texas Counties Have Little Power to Stop Building in Flood-Prone Areas

Insurance Journal

Camp Mystic, the private summer camp that now symbolizes the deadly Central Texas floods, sat on a tract of land known to be at high risk for a devastating flood. Nearly 1.3 million Texas homes are similarly situated in parts …

Posted: Jul 09, 2025

Kansas Insurance Commissioner Schmidt Announces Run for Governor

Insurance Journal

Kansas Insurance Commissioner Vicki Schmidt announced her bid to run for Governor of Kansas in 2026. Schmidt, a lifelong Republican, began her career as a pharmacist after graduating from the University of Kansas. She has worked for over 40 years &#8...

Posted: Jul 09, 2025

Lemonade Expands Car Insurance to Indiana

Insurance Journal

Lemonade announced this week the expansion of its car insurance product in Indiana. With this addition, Lemonade Car is now available in states representing approximately 42% of the U.S. car insurance market. Lemonade’s existing customers in th...

Posted: Jul 09, 2025

Riverstone appoints Enstar’s Brockman as Group CEO, to succeed Tanzer

Reinsurance News

Paul Brockman has been appointed as the new group chief executive officer of RiverStone International Holdings, succeeding Luke Tanzer who will be retiring later this year. Additionally, the company also announced the appointment of Andrew Creed a...

Posted: Jul 09, 2025

People Moves: RiverStone Taps Enstar’s Brockman as Group CEO, Succeeding Tanzer; MS Reinsurance Rest...

Insurance Journal

This edition of International People Moves details appointments at RiverStone International and MS Reinsurance. A summary of these new hires follows here. RiverStone Taps Enstar’s Brockman as Group CEO, Succeeding Tanzer RiverStone Internationa...

Posted: Jul 09, 2025

AM Best maintains stable outlook for global cyber insurance in 2025 amid growth, AI, and rising thre...

Reinsurance News

AM Best, the credit rating agency, has reaffirmed a Stable outlook for the global cyber insurance market heading into 2025, underscoring a combination of factors that will influence the sector’s performance in the coming years. Despite a moderate...

Posted: Jul 09, 2025

Covenir Continues Innovation Spree to Better Serve Insurer Needs Amidst Industry Headwinds

Insurance Journal

New IntelliClaims Advantage Solution Helps Insurers Close Claims Faster, Improve Customer Satisfaction and Reduce Costs by up to 60% BOSTON, MA, July 9, 2025 — CovenirBPO, the leading provider of onshore business process outsourcing services for clai...

Posted: Jul 09, 2025

AM Best Revises Outlook to Negative for Texas’ Service Insurance Group

Insurance Journal

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Service Lloyds Insurance Company, a Stock Company and Serv...

Posted: Jul 09, 2025

Focus on First Responders’ Mental Health Grows in Texas Flood Recovery

Insurance Journal

Riding on horseback through brush and over numerous dead turkeys, Margo Mellon spent Tuesday scanning the flood-ravaged ground of Texas’ Hill Country for dead bodies. As she and her rescue mates trudged through the muddy terrain, state official...

Posted: Jul 09, 2025

Commercial Insurance Rates Moderate in Q2 as Market Shows Signs of Stabilization

Risk & Insurance

Average rate increases ease to 2.8% from first quarter's 3% rise, with commercial property insurance showing improvement, according to Novatae's Market Barometer. The post

Posted: Jul 09, 2025

ImageCat partners with Green Shield to expand wildfire risk data offerings

Reinsurance News

ImageCat, a technology firm focused on risk and exposure analytics for the insurance, finance, and emergency management sectors, has partnered with Green Shield Risk Solutions, a specialist in wildfire risk assessment and mitigation data, to integ...

Posted: Jul 09, 2025

Trump Vows No Tariff Extension, Hardens Threats on Copper, Drugs

Insurance Journal

President Donald Trump vowed to push forward with his aggressive tariff regime in the coming days, stressing he would not offer additional extensions on country-specific levies set to now hit in early August while indicating he could announce substan...

Posted: Jul 09, 2025

US Tariffs Projected to Slow Global Economy and Insurance Premium Growth: Swiss Re

Insurance Journal

Global growth is slowing as US tariff policy reduces trade and heightens geopolitical uncertainty, which ultimately will lead to decelerating growth in insurance premiums, according to Swiss Re. Global GDP growth (adjusted for inflation) is expected...

Posted: Jul 09, 2025

Hungenberg joins Sompo as Head of Strategy Insurance – Continental Europe

Reinsurance News

Emilie Hungenberg has joined Sompo, a provider of commercial and consumer property and casualty re/insurance, as Head of Strategy Insurance – Continental Europe. Commenting on her appointment, Hungenberg said:“I’m excited to contribute to Sompo’s...

Posted: Jul 09, 2025

MSIG USA appoints Philip Wray as Head of Property

Reinsurance News

MSIG USA, a provider of specialty commercial insurance solutions, has announced the appointment of Philip Wray as Head of Property. In this role, Wray will lead MSIG USA’s national property portfolio, overseeing underwriting strategy, product deve...

Posted: Jul 09, 2025

Amwins SRU launches all-risk property solution for habitational market

Reinsurance News

Amwins Special Risk Underwriters (SRU), Amwins’ in-house MGA, has launched HabVantage, an exclusive all-risk property solution tailored for the habitational market. In a fluctuating property market, HabVantage is designed to meet evolving ne...

Posted: Jul 09, 2025

House Swept Away as Flash Flooding Hits Mountain Village in New Mexico

Insurance Journal

At least three people were missing in a mountain village in southern New Mexico that is a popular summer retreat after monsoon rains triggered flash flooding Tuesday that was so intense an entire house was swept downstream. Emergency crews carried &#...

Posted: Jul 09, 2025

Villages Health System Sees $350 Million in Medicare Overcharges

Insurance Journal

A health-care system serving the largest retirement community in the US has filed for bankruptcy after disclosing it potentially overbilled Medicare by at least $350 million, according to court filings. The Villages Health System LLC, which operates...

Posted: Jul 09, 2025

Ken Griffin-Backed Florida Bill for Non-Competes Becomes Law

Insurance Journal

Florida enacted legislation allowing non-competes of up to four years, handing a victory to Citadel’s Ken Griffin, who pushed for the policy. Labor lawyers say it’s one of the most employer-friendly policies in the country. It also goes i...

Posted: Jul 09, 2025

Neptune Flood expands premium capacity to over $400m for 2025

Reinsurance News

Neptune Flood, a provider of private flood insurance in the US, has announced it will have more than $400 million in premium capacity for 2025. This marks a significant jump from the $300 million secured in 2024 and highlights the company’s sustai...

Posted: Jul 09, 2025

Tokio Marine eyes growth in niche non-property specialty in US P&C: Autonomous

Reinsurance News

Following Tokio Marine’s investor day, Autonomous equity analysts highlighted the insurer’s strategic shift away from property exposures toward niche non-property specialty lines in the US P&C market, which it views as the greatest opportunity...

Posted: Jul 09, 2025

Family of Four Killed in North Carolina Plane Crash

Insurance Journal

A North Carolina family of four, including two school-age children, died when their small plane crashed as they flew back from Florida. A National Transportation Safety Board crash investigator arrived Tuesday at the site of Monday’s crash in a...

Posted: Jul 09, 2025

MGAs by the Numbers: Fronting Biz, Nonaffiliated MGAs Drive Growth

Insurance Journal

Direct premiums written by U.S. managing general agents jumped to over $114 billion in 2024, according to the latest installment of an annual research series on the MGA market. The report titled “Managing General Agents: Built for What’s...

Posted: Jul 09, 2025

Insurtech Inshur Raises $35 Million From Trinity Capital for US Expansion, AI Tech

Insurance Journal

Inshur said it as received a $35 million capital raise from alternative asset manager Trinity Capital to invest in research and development of artificial intelligence technology to support its embedded auto insurance policies within the autonomous ve...

Posted: Jul 09, 2025

Aon launches new Data Center Lifecycle Insurance Program for clients

Reinsurance News

Aon has launched its Data Center Lifecycle Insurance Program (DCLP), a proprietary multi-line insurance facility created to help clients manage risk across every stage of data center development and operations. According to Aon, the DCLP provides...

Posted: Jul 09, 2025

Online Ticket Seller to Pay $85K for Violating Connecticut’s New Data Privacy Law

Insurance Journal

Connecticut Attorney General William Tong announced a settlement with TicketNetwork, Inc. as a result of an investigation into violations of the Connecticut Data Privacy Act. Under the settlement, TicketNetwork has agreed to comply with the requireme...

Posted: Jul 09, 2025

Markets/Coverages: Markel Launches Pre-Loss Services for UK Cyber Clients

Insurance Journal

Markel Insurance, the insurance operations within Markel Group Inc., announced the launch of its pre-loss services for UK Cyber360 policyholders. These new offerings include a complimentary one-hour call with an experienced cyber and data risk lawyer...

Posted: Jul 09, 2025

Bichetero named Substantive DMD/COO for Africa Re

Reinsurance News

Africa Re has announced Ephraim Kiiza Bichetero has assumed duty as Substantive Deputy Managing Director/Chief Operating Officer (DMD/COO) from July 1, 2025. This has taken place after a one-year transition and succession programme with the retiri...

Posted: Jul 09, 2025