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Deadliest Floods in the US in the Past 25 Years

Carrier Management

Deadliest Floods in the US in the Past 25 Years Flooding has caused an average of more than 125 deaths...

Posted: Jul 08, 2025

Former California Agent Gets 4 Years in Prison for $3.7M Fine Art Insurance Scam

Carrier Management

Former California Agent Gets 4 Years in Prison for $3.7M Fine Art Insur...

Posted: Jul 08, 2025

Congress Urged Not to Axe Satellite Collision Prevention System

Carrier Management

Congress Urged Not to Axe Satellite Collision Prevention System Hundreds of U.S. companies on Tuesday urged Congr...

Posted: Jul 08, 2025

Impostor Uses AI to Impersonate Rubio, Contact Foreign and US Officials

Insurance Journal

The State Department is warning U.S. diplomats of attempts to impersonate Secretary of State Marco Rubio and possibly other officials using technology driven by artificial intelligence, according to two senior officials and a cable sent last week to...

Posted: Jul 08, 2025

Wrisk raises £12 million

coverager

Capital from Series B will fund continued investment in its European expansion, drive innovation in its proprietary technology and further strengthen its strong market position in the UK.

Posted: Jul 08, 2025

Adjuster Licensing and Your P&C Claims Processing Timelines

coverager

When having a licensed adjuster is critical to a speedy, compliant, and fraud-free claims process—which in turn delivers for the bottom line—it just won’t do to have manual errors and spreadsheet tracking slow you down.

Posted: Jul 08, 2025

Lemonade launches car insurance in Indiana

coverager

Lemonade Car is now available in states representing approximately 42% of the US car insurance market. 

Posted: Jul 08, 2025

Erie Insurance restores all operations following outage

coverager

Erie Insurance has resumed all business operations following a month long network outage.

Posted: Jul 08, 2025

MS Amlin consolidates brand under single identity

coverager

The change ensures that brokers, partners, and clients can directly associate the MS Amlin name with the company’s offerings.

Posted: Jul 08, 2025

Markel launches pre-loss services for UK cyber clients

coverager

These new offerings include a complimentary one-hour call with an experienced cyber and data risk lawyer from Markel Law.

Posted: Jul 08, 2025

QBE North America introduces life sciences insurance offering

coverager

The launch expands QBE's healthcare liability portfolio.

Posted: Jul 08, 2025

Honeycomb opens new headquarters in Chicago

coverager

Honeycomb is a digital insurance platform that provides real estate insurance for condo associations (HOAs), building owners, property managers, and developers.

Posted: Jul 08, 2025

USAA retires pay as you drive program

coverager

Network Payables empowers thousands of insurance companies to send funds with greater ease in an industry that’s been considerably slowed down by check payments.

Posted: Jul 08, 2025

The Next Disaster: Who Will Manage Our Response?

Insurance Journal

The nation mourns the more than 100 people who perished following the flash flooding through central Texas on July 4 and over the weekend. It is a tragic reminder that extreme weather has become a more common event. In addition …

Posted: Jul 08, 2025

People Moves: Hull & Company-Texas Promotes Wilkins, Hires Gambino to Underwriter/Broker Roles

Insurance Journal

Hull & Company-Texas, headquartered in Dallas, Texas, promoted Brandt Wilkins to underwriter/broker. Wilkins has an extensive background in the commercial wholesale business. He has been with Hull Texas for the last three years managing a book wi...

Posted: Jul 08, 2025

People Moves: Leadership Transition at WorldTrips as Hsia Appointed CEO; Carney Assumes Role of Chai...

Insurance Journal

Tokio Marine HCC, based in Houston, Texas, announced a key leadership transition at its travel-focused subsidiary, WorldTrips, a leading provider of travel insurance located in Carmel, Indiana. Mark Carney will transition from his role as CEO of Worl...

Posted: Jul 08, 2025

Reliance Global Completes Sale of Ohio’s Fortman Insurance Services

Insurance Journal

Reliance Global Group announced it has completed an asset sale of Ottawa, Ohio-based Fortman Insurance Services, wholly owned subsidiary, for $5 million in cash. The transaction marks the successful execution of a strategic initiative to monetize a n...

Posted: Jul 08, 2025

People Moves: WTW Hires Kharkavets as North America Head of ICT Claims

Insurance Journal

WTW, with U.S. headquarters in Arlington, Virginia, appointed Alena Kharkavets as North American head of claims in its insurance consulting and technology (ICT) business. Kharkavets comes to WTW from Intact Financial Corporation, where she held progr...

Posted: Jul 08, 2025

Amynta combines underwriting units to create integrated healthcare practice

Reinsurance News

Amynta Group, an insurance services provider, has announced it is combining its underwriting units, Oryx Insurance Brokerage (Oryx) and Total Program Management (TPM), to create a fully integrated healthcare practice. The combined business will op...

Posted: Jul 08, 2025

Beyond the Rater: 4 Ways EZLynx Powers Your Customer Journey

Insurance Journal

This post is part of a series sponsored by EZLynx. When most people think of EZLynx, the comparative rating system is often the first thing that comes to mind—and for good reason. As a market-leading personal lines comparative rater, it …

Posted: Jul 08, 2025

Intense Downpours are More Frequent, But Flooding Severity Remains Hard to Predict

Insurance Journal

It’s not just Texas and North Carolina. Intense rain is falling more frequently in many areas of the U.S. — though where it occurs and whether it causes catastrophic flooding is largely a matter of chance, according to experts. More …

Posted: Jul 08, 2025

Intense Downpours Are More Frequent, But Flooding Severity Remains Hard to Predict

Insurance Journal

It’s not just Texas and North Carolina. Intense rain is falling more frequently in many areas of the U.S. — though where it occurs and whether it causes catastrophic flooding is largely a matter of chance, according to experts. More …

Posted: Jul 08, 2025

MSIG USA names Laura Meade as Central Region Distribution Leader

Reinsurance News

MSIG USA, a provider of specialty insurance solutions, has appointed Laura Meade as Central Region Distribution Leader, reporting to Joseph Fitzpatrick, Head of Distribution, MSIG USA. The appointment aligns with the company’s investment in...

Posted: Jul 08, 2025

Car Manufacturer Sued for Refusing to Allow Jewish Employee to Observe the Sabbath

Insurance Journal

FCA US, LLC, an international automobile manufacturer of Chrysler, Dodge, Jeep, Ram and Fiat car brands, violated federal law by refusing to accommodate an employee’s request to observe the Sabbath and take unpaid leave for Passover, the U.S. E...

Posted: Jul 08, 2025

White Mountains Buys Majority Ownership of Distinguished Programs for $230M

Insurance Journal

White Mountains Insurance Group on Monday said it has a deal in place to acquire about 50% of Distinguished Programs for $230 million. With the buy of the outstanding equity shares, White Mountains will own 51% of Distinguished, an independent &#8230...

Posted: Jul 08, 2025

QBE North America launches Life Sciences insurance offering

Reinsurance News

QBE North America, part of the global insurer QBE, has launched a new Life Sciences insurance product designed to address the complex and evolving risks faced by medical product developers, manufacturers, and distributors. The product provides lia...

Posted: Jul 08, 2025

SEC, SolarWinds Reach Settlement to End Lawsuit Related to 2020 Breach

Insurance Journal

The U.S. Securities and Exchange Commission and software company SolarWinds Corp. have reached a settlement, ending a federal lawsuit that alleged investor fraud and known cybersecurity vulnerabilities. Early this month the SEC and SolarWinds jointly...

Posted: Jul 08, 2025

Lockton appoints Paul Primavera as National Construction Practice Leader

Reinsurance News

Lockton, a privately held insurance brokerage, has announced the appointment of Paul Primavera as National Construction Practice Leader. Based in Los Angeles, Primavera will report to Chris DiLullo, U.S. Industry Practices Leader at Lockton. In hi...

Posted: Jul 08, 2025

U.S. Reinsurance Market Enters Favorable Cycle at Midyear 2025 Renewals

Risk & Insurance

Record capital levels create competitive reinsurance market, despite $60 billion in Q1 losses, Aon reports. The post U.S. Reinsur...

Posted: Jul 08, 2025

Chantal Flooding Forces Dozens to Flee Homes in North Carolina

Insurance Journal

CHAPEL HILL, N.C. (AP) — Floodwaters from the remnants of Tropical Storm Chantal swept a woman in her car from a rural road and forced dozens of people to flee their homes, officials in North Carolina said Monday. Parts of …

Posted: Jul 08, 2025

Texas floods may cause up to $22bn in economic loss, says AccuWeather

Reinsurance News

AccuWeather has estimated that the catastrophic flash flood disaster in Texas has caused an estimated $18 billion to $22 billion in total damage and economic loss. According to the firm, these figures include the cost of search and recovery effort...

Posted: Jul 08, 2025

Containment Increases on California Wildfire That Forced Evacuations

Insurance Journal

Firefighters are making progress on the biggest wildfire in California this year. Containment has increased on the Madre Fire to 35%. The wildfire on the central coast of California has burned 80,603 acres, prompting evacuation orders and closing par...

Posted: Jul 08, 2025

Governor Signs Bill That Ends One State-Backed Reinsurance Layer, Reduces Another

Insurance Journal

Florida Gov. Ron DeSantis last week put his signature on House Bill 5013, which ends one state-backed level of reinsurance and slashes another one, a move that could create a little more demand for private reinsurance coverage in the state. …

Posted: Jul 08, 2025

Appeals Court Nixes Class Actions Against Progressive Over Actual Cash Value

Insurance Journal

Progressive Insurance will not have to face two class actions by Pennsylvania insureds alleging that the insurer systematically underestimated the actual cash value (ACV) of their totaled vehicles and thus breached its insurance agreements with them...

Posted: Jul 08, 2025

Pro Global launches new solution to manage third-party risk

Reinsurance News

Pro Global, an advisor in the specialist insurance sector, has launched Audit-Tech: Vendor Assurance, a practitioner-led, technology-enhanced service that helps insurers navigate growing third-party risk. In an increasingly complex environment, in...

Posted: Jul 08, 2025

People Moves: Liberty Specialty Promotes Fraigneau to President, Europe; Insurance Industry Charitab...

Insurance Journal

This edition of International People Moves details appointments at Liberty Specialty Markets in Luxembourg and the Insurance Industry Charitable Foundation in Canada. A summary of these new hires follows here. Liberty Specialty Promotes Fraigneau to...

Posted: Jul 08, 2025

Virginia Sends Swift Water Rescue Teams to Help Texas Flood Recovery Efforts

Insurance Journal

In response to the catastrophic flooding impacting portions of Texas, Virginia Governor Glenn Youngkin announced the deployment on Monday of two Virginia swift water rescue Teams to assist in the ongoing recovery efforts. The deployment is at the req...

Posted: Jul 08, 2025

Reinsurance must embrace forward-looking risk strategies, says Mandarin Re’s Arthur Underwood

Reinsurance News

Mandarin Re’s Chief Underwriting Officer, Arthur Underwood, is urging the reinsurance industry to adopt a more forward-looking approach to risk evaluation and mitigation, as traditional models struggle to keep pace with fast-emerging threats. “The...

Posted: Jul 08, 2025

Market/Coverages: Willis Launches $200M Cargo Facility for Rising Geopolitical Risks

Insurance Journal

Willis, a WTW business, has launched ‘Undercover,’ a new $200 million facility, combining coverage for a range of geopolitical exposures faced by cargo owners worldwide. Developed by Willis in a joint proposition with specialist insurer,...

Posted: Jul 08, 2025

Markus Sayuti appointed Executive Director, Treaty & Retro Division for UIB Asia

Reinsurance News

International re/insurance broker United Insurance Brokers Limited (UIB) has announced the appointment of Markus Sayuti as Executive Director, Treaty & Retro Division, UIB Asia, effective 1 July 2025. Sayuti will play a pivotal role, collabora...

Posted: Jul 08, 2025

India’s Kerala State Seeks $1.1 Billion in Compensation From MSC Over Oil Spill

Insurance Journal

India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in May. The high court in Kerala issued an...

Posted: Jul 08, 2025

Dovetailing prospective & retrospective solutions the best use of legacy: Jass, Augment Risk

Reinsurance News

In a recent interview with Reinsurance News, Jag Jass, Partner – Retrospective at reinsurance broker Augment Risk, explained that while there will always be a place for larger transactions targeting toxic liabilities and discontinued lines o...

Posted: Jul 08, 2025

Mexico Criminals Rob Truck Full of Gold, Silver Concentrate

Insurance Journal

Armed thieves robbed a truck carrying 33 tons of gold and silver concentrate belonging to Grupo Minero Bacis, costing the company millions of dollars in losses. Assailants blocked the semi-truck with two white-colored vehicles, assaulted the driver a...

Posted: Jul 08, 2025

AIG appoints Pierrick Livet as Head of Multinational, Bermuda

Reinsurance News

Global insurer American International Group (AIG) has appointed Pierrick Livet as Head of Multinational, Bermuda. Livet brings over 15 years of insurance industry experience, specialising in complex international programmes and captive structures....

Posted: Jul 08, 2025

AIG names Pierrick Livet as Head of Multinational, Bermuda

Reinsurance News

Global insurer American International Group (AIG) has appointed Pierrick Livet as Head of Multinational, Bermuda. Livet brings over 15 years of insurance industry experience, specialising in complex international programmes and captive structures....

Posted: Jul 08, 2025

Uncertainty persists on impact of Russia aircraft lessor court ruling: Gallagher Re

Reinsurance News

Although the English courts have now delivered a verdict in favour of the claimants in the Russia Aircraft Lessor Policy mega-trial, Gallagher Re has observed that “significant uncertainty” persists, especially regarding how reinsurers...

Posted: Jul 08, 2025