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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
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
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, …...
Posted: Aug 08, 2025
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
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 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
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
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, 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
The latest people news in the industry today. The post Josh Pillion Appointed U.S. National Distribution Manager for Ever...
Posted: Aug 08, 2025
The latest people news in the industry today. The post Yuna Nordeen Appointed as SVP and U.S. Growth...
Posted: Aug 08, 2025
The latest people news in the industry today. The post James C. Riviezzo Appointed as Head of North America...
Posted: Aug 08, 2025
Harriet Turner has joined Hiscox’s London Market business to lead the insurer’s new sexual molestation liability (SML) cover. Turner is joining Hiscox from Beazley, where she held various roles in underwriting and strategy, including positions wit...
Posted: Aug 08, 2025
Zurich Insurance Group reported some record numbers during the first half: business operating profit (BOP) was up 6% to a record US$4.2 billion and core return on equity hit a best-ever number of 26.3%. What is the reason for Zurich’s …
Posted: Aug 08, 2025
Long-time industry leader Kevin H. Kelley has died. Kelley was last in the industry with Liberty Mutual Insurance, where he was vice chairman, Global Risk Solutions after joining the company in 2017 when Ironshore was acquired by Liberty Mutual. He &...
Posted: Aug 08, 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has announced the appointment of Dan Keeler to the newly created role of Head of Digital Underwriting. In this role, Keeler will drive innovation and efficiency in digital u...
Posted: Aug 08, 2025
Two South Carolina women filed an auto accident claim with First Acceptance Insurance Co. in May and were paid more than $25,500 for bodily injury medical expenses. Then investigators found out that the women had fabricated the entire incident, the &...
Posted: Aug 08, 2025
Tokio Marine Holdings has announced its financial results for the first quarter of the 2025 fiscal year, reporting a 3.2% rise in its international business profit to JPY 126.3 billion, while its international non life business profit decreased 12...
Posted: Aug 08, 2025
Last year’s sub-100 combined ratio for the homeowners line broke a five-year string of 100-plus figures for the U.S. insurance industry in aggregate—and homeowners insurers are sticking to rate increases to keep profits going, a new report says...
Posted: Aug 08, 2025
MS Reinsurance (MS Re), a Switzerland-domiciled global reinsurer, reported an insurance service profit of $102 million for the first quarter of the fiscal year (January to March 2025), up $28 million from $74 million in the same period a year earl...
Posted: Aug 08, 2025
Insurance Business Magazine - US
Posted: Aug 08, 2025
Connecticut-based Smith Brothers Insurance announced it acquired Moscato & Associates of Ithaca, New York on August 1, 2025. Moscato & Associates, an independent agency specializing in employee benefits, individual health, and Medicare, will...
Posted: Aug 08, 2025
RALEIGH, N.C. (AP) — Individuals in central North Carolina counties whose homes and belongings were damaged by massive rains last month from Tropical Storm Chantal can now seek state-funded financial grants for temporary assistance. The aid for resid...
Posted: Aug 08, 2025
COLUMBIA, S.C. (AP) — Two deputies shot and injured in a training exercise in South Carolina were wounded by ammunition taken from a plastic bag in a desk drawer and not property tested to see if they were blanks, a …
Posted: Aug 08, 2025
California-based insurance brokerage ALKEME announced its acquisition of Innovative Insurance Group, one of Virginia’s largest insurance agencies. This acquisition marks a significant expansion of ALKEME’s commitment to the East Coast, ac...
Posted: Aug 08, 2025
According to a newly released analysis by AM Best, a credit rating agency and data provider specialising in the insurance industry, the US homeowners insurance segment experienced significant financial pressure in the first quarter of 2025. Follow...
Posted: Aug 08, 2025
Homeowners Insurers...
Posted: Aug 08, 2025
White Mountains has released the second quarter of 2025 results for its property and casualty re/insurance segment Ark/WM Outrigger, revealing gross written premiums (GWP) of $815 million, with a combined ratio of 84%. GWP in Q2 2025 increased com...
Posted: Aug 08, 2025
HDI Global, an international provider of commercial and specialty insurance, has appointed Nils Langrehr as Head of Power Underwriting within its cross-division Energy & Power Unit. The new role has been introduced as part of the company’s bro...
Posted: Aug 08, 2025
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported a net profit of ₹1,752 crore for the first quarter ended June 30, 2025, up around 69% compared to the same period of the previous financial year. GIC...
Posted: Aug 08, 2025
Insurance holding company Ambac Financial Group, Inc. has announced its financial results for the second quarter of 2025, reporting total revenues from continuing operations of $55 million, an 8% increase from the $51 million in Q2 2025, and a 110...
Posted: Aug 08, 2025
The Great Barrier Reef has experienced its greatest annual loss of live coral across most of its expanse in four decades of record-keeping, Australian authorities say. But due to increasing coral cover since 2017, the coral deaths — caused mainly ...
Posted: Aug 08, 2025
MS Amlin Underwriting Limited (AUL), the Lloyd’s global insurer and reinsurer and Managing Agent of Syndicate 2001, reported a net income of £15 million for the first quarter of the fiscal year, up 36.36% from £11 million in the same period last y...
Posted: Aug 08, 2025
Ontario Teachers’ Pension Plan has signed a definitive agreement to sell its stake in Diot-Siaci, a Paris-based corporate insurance brokerage group, to French private equity firm Ardian. Financial details of the deal were not disclosed. As a lo...
Posted: Aug 08, 2025
Joachim Wenning, Chief Executive Officer (CEO) of global reinsurer Munich Re, said this morning that there is no soft market in property catastrophe reinsurance, rather the period of no major losses for reinsurance companies is over. Addressing th...
Posted: Aug 08, 2025
Aspen Insurance has continued to deliver a strong underwriting performance in Q2 2025, achieving a net combined ratio of 85.1% and underwriting income of $100 million. In the firm’s Insurance Segment, underwriting income in Q2 2025 was $44 m...
Posted: Aug 08, 2025
Kingstone Companies Inc., headquartered in Kingston, New York, appointed Randy L. Patten as chief financial officer (CFO), effective August 25. Patten joins Kingstone Companies, Inc. from NEXT Insurance Inc., where he most recently served as vice pre...
Posted: Aug 08, 2025
Africa Re, in collaboration with the Livestock Productivity and Resilience Support Project (L-PRES), a consortium of insurance providers, and development partners, has launched an Index-Based Livestock Insurance (IBLI) product in Nigeria. The prod...
Posted: Aug 08, 2025
Amiga Specialty, the recently launched specialty managing general agent (MGA) has announced its expansion into the Asia Pacific market with the launch of a new Hong Kong operation, which is to be led by Ralph Sherbahn as Managing Director of Finan...
Posted: Aug 08, 2025
An Australian regulator has sued Optus, alleging the Singapore Telecommunications-owned carrier breached privacy laws during a 2022 cyber attack that compromised the personal data of millions of customers, both parties confirmed on Friday. Optus, one...
Posted: Aug 08, 2025
Munich Re, one of Europe’s big four reinsurers, has confirmed its record-breaking profit of €2.1 billion for the second quarter of 2025, although for the first half of the year profit fell 15% to a still strong €3.2 billion, as the firm repo...
Posted: Aug 08, 2025
Global miners BHP Group and Vale have offered around $1.4 billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil’s worst-ever environmental disasters, the Financial Times reported on Thursday. The lawsuit stems fro...
Posted: Aug 08, 2025
French wine makers have seen extensive damage to vines that were almost ready to be harvested after the worst fires in more than 70 years burned through the south of the country. “The situation is catastrophic”, Franck Saillan, general se...
Posted: Aug 08, 2025