All Posts

People Moves: AAA – The Auto Club Group Adds to Executive Team

Insurance Journal

AAA – The Auto Club Group (ACG), headquartered in Dearborn, Michigan, added three senior leaders. Vincent Fusco joined ACG as executive vice president, chief distribution officer. Fusco will oversee insurance and direct sales, including those of Mich...

Posted: Aug 04, 2025

Concert Group announces leadership transition to support strategic growth

Reinsurance News

Concert Group Holdings, Inc., a specialised insurance holding company known for providing tailored solutions to programme insurance markets, has introduced a new executive leadership structure aimed at steering the company through its next phase o...

Posted: Aug 04, 2025

Allianz, BlackRock, Generali, Hannover Re and T&D acquire Viridium

Reinsurance News

A consortium including Allianz, BlackRock, Generali Financial Holdings, Hannover Re and T&D Holdings, have completed the acquisition of Viridium Group, a European life insurance consolidation platform, from Cinven. The transaction was initiall...

Posted: Aug 04, 2025

Jury Decides Tesla Partly Responsible in Autopilot Crash Case; Must Pay $243M

Carrier Management

Jury Decides Tesla Partly Responsible in Autopilot Crash Case; Must Pay $24...

Posted: Aug 04, 2025

Berkshire Insurance Units Report Lower Q2 Operating Income Overall

Carrier Management

Berkshire Insurance Units Report Lower Q2 Operating Income Overall GEIC...

Posted: Aug 04, 2025

PartnerRe appoints Matthew Doherty as Head of Underwriting Insurance Programs

Reinsurance News

PartnerRe, a reinsurer providing capital and risk solutions, has appointed Matthew Doherty as Head of Underwriting Insurance Programs, effective August 1, 2025. In this role, Doherty will oversee underwriting activities related to insurance progra...

Posted: Aug 04, 2025

SEC Chair Lays Out Sweeping Plans to Accommodate Crypto

Insurance Journal

The head of the U.S. securities regulator unveiled sweeping plans to overhaul capital markets regulations on Thursday to accommodate cryptocurrencies and blockchain-based trading, in a major win for the digital asset industry, which has long pushed f...

Posted: Aug 04, 2025

Tesla Must Pay $243 Million Over Fatal Autopilot Crash

Insurance Journal

Tesla Inc. was told to pay $243 million in a lawsuit over a 2019 Autopilot crash in Florida that killed a young woman and seriously injured her boyfriend, the first significant court loss for the automaker in litigation related to …

Posted: Aug 04, 2025

Developer Bets on Mid-Class Rentals in Luxury-Obsessed Miami

Insurance Journal

A Spanish developer is planning an $880 million workforce housing project in Miami that would include more than 4,000 apartments, childcare, and even a test kitchen — an ambitious bid to offer below-market housing in a city known for ultra-luxury &#8...

Posted: Aug 04, 2025

In Commuters’ Wurst Nightmare, Hot Dog Spill Shuts Highway

Insurance Journal

SHREWSBURY, Pa. (AP) — A truckload of hot dogs spilled across a Pennsylvania interstate Friday after a crash that briefly clogged the heavily traveled artery in both directions. Crews were stuck with a job they did not relish — rolling …

Posted: Aug 04, 2025

Marsh McLennan Acquires Olympic Insurance Agency in California

Insurance Journal

Marsh McLennan Agency acquired Olympic Insurance Agency in a Simi Valley, California. All Olympic employees, including principals Don and Bob Barberie, will remain working out of their existing Simi Valley office. Olympic primarily provides business...

Posted: Aug 04, 2025

Aegis Professional Risk transitions to McGowan Companies in deal with K2 Insurance Services

Reinsurance News

McGowan Companies, a provider of specialised insurance programmes, has acquired the assets associated with the Aegis Professional Risk division from Aegis General Insurance Agency, Inc. This transaction was completed through an asset purchase agre...

Posted: Aug 04, 2025

Texas Judge Rules BlackRock, State Street, Vanguard Must Face Antitrust Suit

Insurance Journal

A federal judge in Texas largely denied a request by the world’s largest asset managers to dismiss a lawsuit brought by Republican state attorneys general claiming they colluded to reduce coal output, in a case that threatens how the U.S. &#823...

Posted: Aug 04, 2025

Ping An names Ray Wang CTO

coverager

Wang previously held senior roles at Google, Bloomberg, Baidu, and Ant Group.

Posted: Aug 04, 2025

Pinnacol marks 110 Years

coverager

Pinnacol was founded in 1915 as the State Compensation Insurance Fund.

Posted: Aug 04, 2025

California Data Shows $150M in Stolen Goods Recovered in Two Years

Insurance Journal

More than 22,100 suspects were arrested, nearly 17,100 cases were referred for prosecution and roughly $150 million in stolen property was recovered in two years though state-funded work with law enforcement agencies, according to the California gove...

Posted: Aug 04, 2025

Data Shows $150M in Stolen Goods Recovered in Two Years in California

Insurance Journal

More than 22,100 suspects were arrested, nearly 17,100 cases were referred for prosecution and roughly $150 million in stolen property was recovered in two years though state-funded work with law enforcement agencies, according to the California gove...

Posted: Aug 04, 2025

Empty Shelves, Broken Hearts

Risk & Insurance

In this fictional scenario, a fast-growing beverage company’s dream acquisition turns into a nightmare when a cyber attack cripples its operations and exposes the devastating consequences of an untested business continuity plan. The post

Posted: Aug 03, 2025

Managing Vendor Risks in Cyber Insurance

Insurance Thought Leadership

Managing Vendor Risks in Cyber Insurance Cyber

Posted: Aug 03, 2025

Hydrogen: Opportunities, Uses, Risks in the Energy Transition

Insurance Thought Leadership

Hydrogen: Opportunities, Uses, Risks in the Energy Transition Emerging Technologies

Posted: Aug 03, 2025

Hearings Into Fatal Helicopter-Plane Crash in DC Reveal ‘Layers of Deficiencies’

Insurance Journal

The pilots of a U.S. Army helicopter that collided with a passenger jet over Washington in January would’ve had difficulty spotting the plane while wearing night vision goggles, experts told the National Transportation Safety Board on Friday. T...

Posted: Aug 03, 2025

New Law Orders Louisiana Insurers to Show Prior Policy Premiums

Insurance Journal

By Ezra Amacher Under a new state law, Louisiana insurers will be required to give mandatory disclosure of prior policy premium when issuing a renewal policy to a policyholder. Louisiana Insurance Commissioner Tim Temple sent an advisory letter to in...

Posted: Aug 03, 2025

Scaling Smart: How Independent Agencies Can Grow with Intention

Insurance Journal

In today’s competitive market, independent insurance agencies are under increasing pressure to grow. Organic growth is harder to achieve, client expectations are evolving, and technology is reshaping how agencies operate. The agencies that succ...

Posted: Aug 03, 2025

Top 100 Agencies

Insurance Journal

This year marks the 21st annual publication of Insurance Journal’s Top 100 Independent Agencies special report. Nearly all of the firms in the Top 100 saw notable increases in total property/casualty revenue year-over-year. From 2023 to 2024 th...

Posted: Aug 03, 2025

This Hard Market Explained

Insurance Journal

This hard market is the longest and hardest in generations. Historically, hard markets occurred every seven years or so and lasted two to three years. Agents that sold price and represented carriers who sold price worked hard during the soft …

Posted: Aug 03, 2025

How to Attract the Next Generation to Insurance

Insurance Journal

For many young professionals, the insurance industry isn’t exactly top of mind when plotting a career path. But for 23-year-old twins Sam and Noah Zickefoose, it’s where they’ve found purpose, opportunity, and a surprising sense of...

Posted: Aug 03, 2025

When Business as Usual Isn’t Enough: Rethinking Assault & Battery Liability in Commercial Real Estat...

Insurance Journal

In urban centers across the U.S., property owners and managers are welcoming a return to pre-2020 levels of foot traffic in retail corridors, mixed-use developments, and multifamily buildings. While this rebound signals a healthy recovery for local e...

Posted: Aug 03, 2025

From Golf Greens to Sausage Fests: The Wild World of Prize Insurance

Insurance Journal

By Ezra Amacher Mark Gilmartin grew up around golf, playing in national tournaments from a young age and competing in college. When his amateur golf career didn’t translate into a spot on the professional tour, he turned his love of …

Posted: Aug 03, 2025

Bird’s Eye View: Parallels from Piloting Planes to Leading an Agency

Insurance Journal

As a commercial lines insurance producer in a very competitive industry, I looked for every advantage I could uncover to build my book of business. Like most successful agents, I tried a multitude of different ideas and strategies as I …

Posted: Aug 03, 2025

How Employer Value Proposition and Employee Experience Can Boost Recruiting Success

Insurance Journal

In today’s hyper-competitive talent market, gaining a recruiting edge doesn’t require reinventing the wheel. To use a sports analogy, think about recruitment like the NFL. Every team is so talented that you see more single-digit victories...

Posted: Aug 03, 2025

Independent Agencies’ Market Share Shows Small Decline; Strong Hold on Commercial Lines with Opportu...

Insurance Journal

The independent agency channel placed 61.5% of all property/casualty insurance written in the U.S. in 2024, a slight decline from 2023 where independent agents placed 62.2% of P/C lines nationwide. That’s according to the 2025 Market Share Repo...

Posted: Aug 03, 2025

5 Evolving Trends Shaping Architects and Engineers Coverage

Insurance Journal

The architects and engineers (A&E) sector is changing rapidly as design professionals adopt new project delivery methods and technology tools to increase efficiency and reduce costs. As the sector evolves, A&E firms and their insurance agents...

Posted: Aug 03, 2025

Thought Leadership in Insurance: Building Credibility Through Insights and Industry Commentary

Insurance Journal

The insurance industry stands at a crossroads. From emerging risks driven by climate change and cyber threats to regulatory shifts and technological disruption, professionals across the sector face challenges that demand informed perspectives and str...

Posted: Aug 03, 2025

Workplace Injuries Costs Near $60B Per Year; Overexertion, Falls Top Causes: Liberty Mutual

Insurance Journal

Liberty Mutual’s latest Workplace Safety Index has found that workplace accidents cost U.S. employers about $58.8 billion annually. The top 10 causes of injuries account for 86% of those costs, or $50.87 billion. The index marks its 25th year i...

Posted: Aug 03, 2025

The New Approach to Hurricane-Strong Homes? Concrete Walls, Wind-Resistant Roofs, But Affordable and...

Insurance Journal

If wind mitigation and stronger homes are the paths to reducing insurance claims and bringing down premiums in hurricane-prone areas as a growing number of industry experts believe, then homeowners, builders and insurers may want to take a look at &#...

Posted: Aug 03, 2025

North Carolina Expands FORTIFIED Roof Grant Program With Another $20 Million

Insurance Journal

North Carolina’s residual property insurance association is expanding its roof-grant program by $20 million, offering $6,000 to policyholders who upgrade their roofs to the more wind-resistant FORTIFIED standard. “In May, we launched the...

Posted: Aug 03, 2025

Florida Meteorologist Predicts Where the Next Hurricane Will Hit–For a Price

Insurance Journal

By William Rabb Colorado State University’s hurricane research team, perhaps the best-known and most-often quoted forecasting service, in early July revised its prediction for the 2025 Atlantic hurricane season downward slightly – to eigh...

Posted: Aug 03, 2025

CSAA Names Bradley Lontz CIO

IIR

Lontz will lead CSAA’s technology division to support digital transformation and customer-focused innovation.

Posted: Aug 03, 2025

Lemonade Expands U.K. Homeowners Insurance with Buildings-Only Cover

IIR

The new product, launched in partnership with Aviva, adds buildings-only insurance to Lemonade’s U.K. offerings.

Posted: Aug 03, 2025

Datos Insights Acquires InsTech to Expand U.K. Insurance Advisory

IIR

The acquisition strengthens Datos’ London Market presence and combines its analytics capabilities with InsTech’s insurance innovation network.

Posted: Aug 03, 2025

Hagerty adds senior executives to advance insurance growth strategy

coverager

The news follows Hagerty’s signing of a non-binding letter of intent with Markel for a new fronting arrangement.

Posted: Aug 03, 2025

CSAA appoints Bradley Lontz as EVP and CIO

coverager

Lontz most recently served as CIO at CopperPoint Insurance.

Posted: Aug 03, 2025

Kansas City Life posts $28 million Q2 loss

coverager

Loss driven by a $35.5 million legal settlement accrual related to class action lawsuits.

Posted: Aug 03, 2025

IPG appoints Gary Levenbach as President and Chief Actuary of IAIC

coverager

IAIC is a specialized underwriter focused on pet insurance.

Posted: Aug 03, 2025

LendingTree posts Q2 results

coverager

Carrier demand for homeowners' insurance customers has increased significantly.

Posted: Aug 03, 2025

Marsh Japan to acquire Mitsubishi Electric Insurance Service

coverager

MEIS offers a range of commercial insurance products.

Posted: Aug 03, 2025

Apex Star and Stand prepare Florida takeout homeowners programs

coverager

Olympic will continue operating under its current leadership and location as part of MMA’s West region.

Posted: Aug 03, 2025

Aviva deepens partnership with hyperexponential

coverager

The collaboration builds on Aviva’s broader adoption of hx Renew.

Posted: Aug 02, 2025

Berkshire Hathaway’s re/insurance underwriting earnings strong despite higher losses in H1’25

Reinsurance News

Berkshire Hathaway, the Warren Buffett-run holding company and conglomerate, has reported net underwriting earnings of $2 billion and $3.3 billion for the second quarter and first half of 2025, respectively, both down on the comparable prior year...

Posted: Aug 02, 2025

Derecho’s 99 MPH Gust Swept Through Upper Plains, Midwest

Carrier Management

Derecho’s 99 MPH Gust Swept Through Upper Plains, Midwest Strong storms that brought hurricane-force winds to a...

Posted: Aug 01, 2025