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Trisura’s operating net income rises 6.4% in Q2’25 driven by underwriting growth

Reinsurance News

Trisura Group Ltd., a specialty insurance provider, reported an operating net income of $33.3 million for the second quarter of 2025, up 6.4% from $31.3 million in the same quarter a year earlier, driven by growth in underwriting income and net in...

Posted: Aug 11, 2025

CSU, NOAA Maintain Forecasts for Above-Average Hurricane Season

Insurance Journal

Colorado State University’s hurricane researchers and the National Oceanic and Atmospheric Administration (NOAA) issued updates to their 2025 Atlantic hurricane forecasts, with both maintaining calls for an ‘above average’ season de...

Posted: Aug 11, 2025

Insurers Can’t Ask Punitive Damages in Marine Cargo Contract Dispute

Insurance Journal

Despite allegations of fraud and padding of premiums, neither a Miami-based cargo insurance broker nor a Lloyd’s coverholder canvbe asked to pay punitive damages in a breach-of-contract dispute, a Florida appeals court decided last week. &#8220...

Posted: Aug 11, 2025

Viewpoint: A Workers’ Comp Hard Market Is Coming to California

Insurance Journal

Word on the street is that California employers should start expecting higher workers’ compensation rates. California employers have enjoyed a soft workers’ comp market for the last decade, but all indications are now pointing to the mark...

Posted: Aug 11, 2025

Double Trouble: ID Theft Victim Awarded Both Treble and Punitive Damages

Insurance Journal

A victim of identity theft is entitled to recover both treble damages and punitive damages under Connecticut laws, according to the state’s highest court. The Connecticut Supreme Court found that the dual awards do not violate the common-law ru...

Posted: Aug 11, 2025

Double for Trouble: ID Theft Victim Awarded Both Treble and Punitive Damages

Insurance Journal

A victim of identity theft is entitled to recover both treble damages and punitive damages under Connecticut laws, according to the state’s highest court. The Connecticut Supreme Court found that the dual awards do not violate the common-law ru...

Posted: Aug 11, 2025

Gallagher Bassett names Sarah Penny as Client Services Director, UK

Reinsurance News

Gallagher Bassett, the provider of risk and claims management services and a wholly owned subsidiary of Arthur J. Gallagher & Co., has appointed Sarah Penny as Client Services Director for UK operations, reporting to John Fearn, Chief Operatin...

Posted: Aug 11, 2025

California Invests $26M to Recruit More Women into Construction

Insurance Journal

The California Department of Industrial Relations awarded 25 construction apprenticeship programs $26 million in Equal Representation in Construction Apprenticeship grants to increase access to construction careers for women and disadvantaged communi...

Posted: Aug 11, 2025

Two Adults and Four Children Perish in Maryland House Fire

Insurance Journal

Two adults and four children perished in a house fire Sunday morning in Waldorf, Maryland, according to state officials. Two other adults escaped and one more was not home when the fire broke out, . The cause of the fire …

Posted: Aug 10, 2025

Eagleview Adds Pitch Editor 3D Roof Models

IIR

The update to Eagleview One enables detailed 3D roof sketches for most properties in its imagery library, with integration into Verisk’s Xactimate claims platform.

Posted: Aug 10, 2025

Accenture Invests in Snorkel AI to Advance Financial Services AI

IIR

The partnership aims to accelerate the move from AI prototypes to production by transforming proprietary data into high-quality training datasets.

Posted: Aug 10, 2025

Coterie Insurance Names Mike Albert, Allan Egbert to Senior Roles

IIR

Former Ask Kodiak co-founders join as CTO and Chief Platform Officer to advance Coterie’s technology strategy.

Posted: Aug 10, 2025

Solving Insurance’s Trust Problem Through Brokerage as a Service

IIR

Embedding licensed brokerage into trusted transactions turns insurance from a sales hurdle into a relevant, transparent service that builds consumer confidence.

Posted: Aug 10, 2025

Neptune Flood: 77% of At-Risk Homes Outside FEMA Zones Have No Flood Insurance

Carrier Management

Neptune Flood: 77% of At-Risk Homes Outside FEMA Zones Have No Flood...

Posted: Aug 08, 2025

After Cuts NOAA Approved to Fill Close to 450 Jobs

Carrier Management

After Cuts NOAA Approved to Fill Close to 450 Jobs The National Oceanic and Atmospheric Administration...

Posted: Aug 08, 2025

NOAA Forecasting Above Normal Atlantic Hurricane Season

Carrier Management

NOAA Forecasting Above Normal Atlantic Hurricane Season A day after Colorad...

Posted: Aug 08, 2025

Zurich Insurance Reports Record H1 Profit of $4.2B, Driven by Middle Market, Specialty

Carrier Management

Zurich Insurance Reports Record H1 Profit of $4.2B, Driven by Middle Market,...

Posted: Aug 08, 2025

Former Ironshore, Lexington CEO Kevin Kelley Dies

Carrier Management

Former Ironshore, Lexington CEO Kevin Kelley Dies Long-time industry leader Kevin H. Kelley has died. Kel...

Posted: Aug 08, 2025

Duuo expands into home and auto insurance

coverager

Duuo is known for its embedded and event-based insurance solutions.

Posted: Aug 08, 2025

Root joins EZLynx and PL Rating

coverager

Since expanding its distribution to independent agents in 2024, Root has appointed more than 7,000 agents and counting.

Posted: Aug 08, 2025

Volante Global names Demian Smith Group CEO

coverager

Volante Global is a Lloyd’s syndicate and MGA owned by Acrisure.

Posted: Aug 08, 2025

Victor Insurance UK and HSB launch Contractors All Risks Product

coverager

Victor Insurance UK has launched a Contractors All Risks (CAR) product in partnership with HSB, targeting UK contractors and subcontractors with up to £20M in annual revenue. The policy offers...

Posted: Aug 08, 2025

NFP acquires Bspoke Insurance Group

coverager

Bspoke was formed in 2022 from the merger of Precision Partnership Limited and UK General Insurance Group.

Posted: Aug 08, 2025

Wole Coaxum steps down from Selective board

coverager

His departure reduces the board to 11 members, 10 of whom are independent.

Posted: Aug 08, 2025

The augmented underwriter: AI as a strategic risk advisor

coverager

See how AI is enhancing the underwriter’s role by enabling faster, more accurate decisions and deeper portfolio insights.

Posted: Aug 08, 2025

5Star Life Insurance appoints John D. Naum Chief Financial Officer

coverager

5Star Life Insurance Company underwrites Armed Forces Benefit Association (AFBA) member benefits and offers group and worksite voluntary insurance products.

Posted: Aug 08, 2025

3 Ways for Insurers to Spread Catastrophe Risk Literacy to Homeowners, Minimal Lift Required

Insurance Journal

This post is part of a series sponsored by Cotality. Homeownership has long been synonymous with the American Dream. And it’s no wonder: owning property allows you to customize where you live, build stability, and, perhaps most importantly, it...

Posted: Aug 08, 2025

Iowa AG Secures Pair of Environment Case Settlements

Insurance Journal

Iowa Attorney General Brenna Bird announced settlements in two cases her office prosecuted on behalf of the Iowa Department of Natural Resources. Agri Star Meat and Poultry, LLC has agreed to pay a $50,000 penalty and come into full compliance &#8230...

Posted: Aug 08, 2025

American Coastal’s net income grew 39% and CoR improved in Q2’25

Reinsurance News

American Coastal Insurance Corporation, a property and casualty insurance holding company, reported a net income of $26.4 million for the second quarter of 2025, representing a 38.8% increase compared to $19.1 million in the same quarter a year ea...

Posted: Aug 08, 2025

Federal Lawsuit Damages Hit Record Highs as ‘Social Inflation’ Claims Gain Data Support

Risk & Insurance

Lex Machina analysis of 73,000+ cases shows average damage awards in 2023-2024 reached unprecedented levels, with jury verdicts nearly doubling in value since 2022. The post

Posted: Aug 08, 2025

Second California Wildfire Prompts Evacuations, Threatens Thousands of Structures

Insurance Journal

A brush fire in a mountainous area north of Los Angeles has forced thousands of evacuations, becoming one of two ongoing blazes of concern in California. The Canyon fire in Los Angeles and Ventura counties, which started on Thursday afternoon, &#8230...

Posted: Aug 08, 2025

ICW Group promotes Iva Yuan to Chief Actuary, Head of Reserving, Pricing, and Product

Reinsurance News

ICW Group Insurance Companies, a group of property and casualty insurers offering a range of commercial insurance products nationwide, has promoted Iva Yuan to the role of Chief Actuary, Head of Reserving, Pricing, and Product. In this key positio...

Posted: Aug 08, 2025

Minnesota Cities Consider Government-Run Marijuana Shops

Insurance Journal

As some Minnesota cities fret over regulating newly legalized and normalized marijuana sales, others see an opportunity. Elk River is among 13 Minnesota cities considering opening municipally owned cannabis stores. They would be blazing new trails in...

Posted: Aug 08, 2025

Tesla Secures Texas Rideshare Permit for Robotaxi Operation

Insurance Journal

Tesla Inc. has been granted a rideshare license in Texas, paving the way for the electric-vehicle maker to operate its robotaxi service under new regulations governing autonomous vehicles in the state. Tesla Robotaxi LLC is now listed as a transporta...

Posted: Aug 08, 2025

Why Experts Say States Need to Get in the Business of Floodplain Buyouts

Insurance Journal

As flooding becomes an increasingly common and destructive feature of Texas life, housing experts are calling for the creation of a statewide, voluntary buyout program to move residents out of the most high-risk areas. The experts say Texas needs a &...

Posted: Aug 08, 2025

Peter Cordell Named Head of North America Casualty at Dale Underwriting Partners

Risk & Insurance

The latest people news in the industry today. The post Peter Cordell Named Head of North America Casualty at Dale Under...

Posted: Aug 08, 2025

HCI Group posts strong Q2’25 results with 15% premium growth

Reinsurance News

HCI Group, Inc., a Tampa-based holding company primarily engaged in property and casualty insurance through its subsidiaries, reported strong financial results for the second quarter of 2025, driven by disciplined underwriting and improved loss ra...

Posted: Aug 08, 2025