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AM Best has affirmed its Performance Assessment of PA-3 (Strong) of First Indemnity Insurance Agency, Inc. of Boston. AM Best said the outlook of the assessment is stable. The ratings firm said its PA-3 assessment of the Massachusetts-based managing...
Posted: Oct 01, 2025
The closure of the federal government will curtail or halt some US climate disaster preparedness and environmental programs — and even potentially delay real estate transactions within the nation’s flood zones. That’s because the major so...
Posted: Oct 01, 2025
Southern Trust Insurance, a 57-year-old boutique property-casualty insurer with headquarters in Macon, Georgia, has appointed Douglas Jensen president and chief executive officer. Jensen, with more than 30 years in insurance industry leadership roles...
Posted: Oct 01, 2025
U.S. Government Shutdown Curtails Key Weather and Climate Programs The closure of the federal governme...
Posted: Oct 01, 2025
Hackers Hit Hundreds of Cisco Firewalls in U.S. Government Hackers compromised firewall devices wit...
Posted: Oct 01, 2025
The California Department of Insurance announced that Commissioner Ricardo Lara supports Governor Gavin Newsom’s new executive order on insurance stability, calling it a key step toward protecting homeowners and communities across the state. “The...
Posted: Oct 01, 2025
The Connecticut family of one of the 67 people killed when an airliner collided with an Army helicopter over Washington, D.C., sued the government and the airlines involved last week, saying they didn’t recognize the warning signs after more th...
Posted: Oct 01, 2025
Global reinsurer Hannover Re has announced key leadership transitions and appointments within its Insurance-Linked Securities (ILS) and retrocession activities. Henning Ludolphs, Managing Director Retrocession and Capital Markets at Hannover Re, w...
Posted: Oct 01, 2025
With loss activity in 2025 proving “exceptionally benign” since the LA wildfire losses in Q1, Autonomous has suggested the big four European reinsurers (Munich Re, Swiss Re, Hannover Re, and SCOR) could see a collective benefit of almo...
Posted: Oct 01, 2025
Neptune Insurance Holdings Inc., the parent company of managing general agent Neptune Flood, has announced the pricing of its initial public offering (IPO) for the sale of 18,421,053 shares of its Class A common stock at $20 per share. Neptune fil...
Posted: Oct 01, 2025
A commercial truck driver accused of making an illegal U-turn that killed three people on a Florida highway last month waived his first appearance hearing Monday and entered a not guilty plea, court records show. Harjinder Singh, a 28-year-old native...
Posted: Oct 01, 2025
Chariot Re, a Bermuda-based Class E life and annuity reinsurance company, has appointed Andrew Preston as its Chief Financial Officer (CFO), effective October 1st, 2025. Co-sponsored by MetLife and General Atlantic and backed by Chubb and other in...
Posted: Oct 01, 2025
At least 69 people were killed and more than 100 injured after a 6.9 magnitude earthquake struck central Philippines Tuesday night, flattening buildings, as officials hastened search and rescue efforts. Most of the deaths happened as people were crus...
Posted: Oct 01, 2025
Posted: Oct 01, 2025
AXA XL Reinsurance has announced the appointment of Jennifer Kopf as Senior Underwriter Aviation Reinsurance, a Zurich-based role. In her new role, Kopf will be responsible for underwriting a diverse portfolio of aviation reinsurance business. She...
Posted: Oct 01, 2025
Insurance Business Magazine - US
Posted: Oct 01, 2025
Moody’s, a provider of credit ratings, has released a detailed assessment of the potential economic and financial consequences of natural catastrophes and physical risk by 2050. Their findings indicate that, without additional policy interventions...
Posted: Oct 01, 2025
Europe’s biggest weather forecaster is reporting record demand for its data, as energy traders, insurers, shipping lines and tech companies rush to improve the accuracy of their AI models.In 2024, the number of commercial firms buying licenses...
Posted: Oct 01, 2025
Howden Re International has announced the appointments of Ilka Freitag and Cem Nart as Directors, DACH Facultative Reinsurance. In their new roles, Freitag and Nart join a growing team of facultative specialists in Europe, based in Hamburg and Col...
Posted: Oct 01, 2025
Italian headquartered insurer Generali has announced the successful placement of its first perpetual Restricted Tier 1 (RT1) bond, a transaction that is aimed at further optimising its strong capital position. The RT1 bond raised €500 million R...
Posted: Oct 01, 2025
Kuvare Life Re, the reinsurance affiliate of Kuvare Holdings, has established a Japan Representative Office, boosting its strategic expansion into the Japanese and Asian markets. KLR has also appointed Daisuke Nagamori as Chief Representative, Asi...
Posted: Oct 01, 2025
Vietnam’s government said Typhoon Bualoi caused an estimated 8 trillion dong ($303 million) of property damage this week, saying in a preliminary assessment on Wednesday that nearly 170,000 houses were damaged or inundated by flooding. Bualoi m...
Posted: Oct 01, 2025
Bermuda-based reinsurance company, Fergus Re has announced the appointment of Stewart Ritchie as Chief Executive Officer (CEO), succeeding Navin Dadlani, who will assume the role of Chairman of the Board. With this strategic move, Fergus Re, a spe...
Posted: Oct 01, 2025
Liberty Mutual Insurance, a provider of property and casualty insurance solutions, has introduced a new suite of cyber products designed to support businesses with comprehensive coverage and incident response. The suite combines worldwide expertis...
Posted: Oct 01, 2025
Insurance Business Magazine - US
Posted: Oct 01, 2025
Aon plc, a professional services firm providing risk, retirement and health solutions, has released the 2025 edition of its Global Risk Management Survey. Now in its 19th year, the biennial study has become a key benchmark for understanding how or...
Posted: Oct 01, 2025
Brookfield Wealth Solutions Ltd., a provider of retirement services, wealth protection products and tailored capital solutions, has signed its first Japan-based reinsurance agreement with insurer, Dai-ichi Frontier Life. According to the agreement...
Posted: Oct 01, 2025
Canada Life Reinsurance, a division of Canada Life that provides solutions to help insurers manage risk and grow their businesses, has announced the appointment of Minas Kalachian to its US Property & Casualty (P&C) team. Kalachian brings...
Posted: Oct 01, 2025
Global reinsurance company Fortitude Re has announced that Fortitude Life Insurance & Annuity Company (FLIAC) has entered the funding agreement backed notes market with an inaugural $500 million issuance. The move is a strategic step to divers...
Posted: Oct 01, 2025
Verisk, a provider of data analytics and technology solutions for the insurance, energy, and financial sectors, has introduced XactAI, a new suite of artificial intelligence tools aimed at improving the efficiency and consistency of property claim...
Posted: Oct 01, 2025
Nascent Group, a Bermuda-based insurance service provider, has announced the appointment of Bellal Rahman, formerly of Catalina Life Re, as Senior Vice President (SVP). In his new role, Rahman will oversee a portfolio of reinsurance and insurance...
Posted: Oct 01, 2025
The US labor board has abandoned its allegations that Apple Inc. Chief Executive Officer Tim Cook violated federal labor law, one of many cases where the agency is adopting a more business-friendly approach under President Donald Trump. In a Sept. &#...
Posted: Oct 01, 2025
For dealmakers across the world, the third quarter was one of the best and one of the worst in recent history. Megadeals tallied a stunning $1.26 trillion in global mergers and acquisitions during the third quarter – up 40% year …
Posted: Oct 01, 2025
A hacker gained access to the Federal Emergency Management Agency’s computer networks for several months earlier this year and stole information about FEMA and US Customs and Border Protection employees, according to an overview of the incident...
Posted: Oct 01, 2025
The U.S. agency that enforces workplace anti-discrimination laws sued Apple on Tuesday, claiming the manager of a retail store made antisemitic comments and denied a Jewish employee’s requests for time off before firing him. The Equal Employmen...
Posted: Oct 01, 2025
Washington’s minimum wage will rise 2.8% next year to $17.13 per hour. The Washington State Department of Labor & Industries announced the increase, which takes effect Jan. 1, 2026. State law requires L&I to calculate the minimum wage f...
Posted: Oct 01, 2025
Amazon.com won the dismissal on Tuesday of a lawsuit accusing the online retailer of discriminating against a Black former employee by reducing her duties and putting her on a performance improvement plan. U.S. District Judge Arun Subramanian in Manh...
Posted: Oct 01, 2025
Tokio Marine GX (TMGX), a specialist insurer evolving from renewables underwriter GCube Insurance, has issued a stark warning about a growing “protection gap” in the insurance market that threatens the success of the global green transition. Drawi...
Posted: Oct 01, 2025
A pipeline operator is settling with the U.S. Environmental Protection Agency over a massive gasoline spill in in Walnut Creek, California. Under an agreement, SFPP L.P. will pay a penalty of $213,560 to resolve claims of Clean Water Act violations &...
Posted: Oct 01, 2025
Social and environmental factors can quietly derail recovery; integrating these insights into claims management is key to lowering costs, reducing litigation, and improving outcomes. The post
Posted: Sep 30, 2025