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Nationwide to acquire renewal rights of Markel’s Global Reinsurance business

Reinsurance News

Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has entered into a definitive agreement to acquire the renewal rights of Markel Insurance’s Global Reinsurance business, signalling Markel&...

Posted: Jul 31, 2025

Viewpoint: ‘AI Action Plan’ Does Not Address AGI, Superintelligence, or Alternate Intel

Insurance Journal

On July 23, 2025, the White House released its policy document entitled Winning the Race: America’s AI Action Plan. The Action Plan provides a thorough analysis of strategies, measures, and potential concerns to guide the future development of...

Posted: Jul 31, 2025

Ping An names Ray Wang as Group CTO & General Manager, Ping An Technology

Reinsurance News

Ping An Insurance (Group) Company of China, Ltd., an integrated financial services provider with a presence in insurance, banking, and asset management, has appointed Ray Wang as the Group’s Chief Technology Officer (CTO) and General Manager...

Posted: Jul 31, 2025

Itasca MGA provides aircraft finance insurance for Allegiant Air

Reinsurance News

Itasca MGA Limited, an aviation-focused managing general agent (MGA), has structured a new insurance policy to support an aircraft debt facility for Allegiant Air, LLC, helping finance the delivery of new 737 MAX 8-200 aircraft. The aircraft deliv...

Posted: Jul 31, 2025

Dating Advice App Tea Suspends Messaging After Breaches

Insurance Journal

The women-only U.S. dating advice app Tea has suspended direct messaging following a series of security breaches that exposed its users’ personal details and sensitive communications, the company said on Tuesday. In a series of posts to TikTok,...

Posted: Jul 31, 2025

Viewpoint: Green Technologies Bring New Property Risks – and Opportunities

Insurance Journal

From roof-mounted solar panels and automated warehouses to electric vehicle depots, green technologies are transforming commercial property risk profiles. While these innovations improve energy efficiency and sustainability, they also introduce new c...

Posted: Jul 31, 2025

Risk Strategies Acquires Assets of 3 New Mexico Firms

Insurance Journal

Risk Strategies acquired the assets of Santa Fe, New Mexico-based firms Zia Insurance Services, Tyra Enterprises Inc. and Capitol Insurance Services Inc. The firms will become part of the Risk Strategies West Region, and report to Pat Roth, west regi...

Posted: Jul 31, 2025

Suspect in Michigan Walmart Stabbings Charged With Rarely Used Terrorism Count

Insurance Journal

A Michigan prosecutor filed a terrorism charge this wek against a man accused of stabbing 11 people at a Walmart store. The charge has been rarely used in the state’s courts since it was adopted more than 20 years ago …

Posted: Jul 31, 2025

California City Suing Former Officer Who Skied, Went to Festival on Workers’ Comp

Insurance Journal

A California city has filed a civil lawsuit against a former police officer who went skiing and attended a music festival while collecting workers’ compensation. Westminster filed the suit against a former police officer who was charged with 15...

Posted: Jul 31, 2025

Server Says Woman Is Responsible for Own Death for Driving Drunk After Wine Tasting

Insurance Journal

A woman who died in a car accident while driving intoxicated after a company-mandated wine tasting was responsible for her own death, lawyers for those who served her wine told a Connecticut court this week. The estate of Nicole Silva …

Posted: Jul 31, 2025

Sompo appoints Andy Zoller as SVP, Head of Multinational, NA

Reinsurance News

Sompo, a global provider of property, casualty, and specialty re/insurance, has announced the appointment of Andy Zoller as Senior Vice President (SVP), Head of Multinational, North America. Based in Dallas, Zoller will be responsible for the stra...

Posted: Jul 31, 2025

People Moves: Ames & Gough Names Senior Vice Presidents

Insurance Journal

Ames & Gough, headquartered in Washington, D.C., appointed equity partners Allison Barefoot and Marguerite Parent as senior vice presidents. Appointed an equity partner of Ames & Gough in 2023, Barefoot, who is based in the Washington D.C. of...

Posted: Jul 31, 2025

Brown Reaches $50 Million Deal With White House to Restore Funds

Insurance Journal

Brown University has reached an agreement with President Donald Trump’s administration to restore research funding, becoming the latest elite university to strike a deal in the White House’s campaign to remake higher education. Brown said...

Posted: Jul 31, 2025

Brown University Reaches $50 Million Deal With White House to Restore Funds

Insurance Journal

Brown University has reached an agreement with President Donald Trump’s administration to restore research funding, becoming the latest elite university to strike a deal in the White House’s campaign to remake higher education. Brown said...

Posted: Jul 31, 2025

Allstate Q2 Income Eclipses $2B as Auto Turns in Combined Ratio of 86

Insurance Journal

Allstate Corp. second quarter 2025 net income applicable to common shareholders was about $2.1 billion, far exceeding the $301 million booked for the same quarter a year ago. The result this year reflects an after tax gain of $643 million …

Posted: Jul 30, 2025

Allianz Trade teams up with Stripe

coverager

Stripe’s payment infrastructure is now embedded into Allianz Trade pay.

Posted: Jul 30, 2025

Allianz Commercial launches climate risk assessment platform

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CAReS combines a self-serve risk dashboard with tailored consulting services.

Posted: Jul 30, 2025

AM Best affirms ratings of Direct General Life

coverager

The action follows Nationwide’s July 1, 2025 acquisition of Direct General from Allstate.

Posted: Jul 30, 2025

New Entrant: Adoro Pet Insurance Services

coverager

The transaction is subject to customary closing conditions and is expected to close in August 2025.

Posted: Jul 30, 2025

California Department of Insurance Completes Final Review of Wildfire Model

Carrier Management

California Department of Insurance Completes Final Review of Wildfire Model The...

Posted: Jul 30, 2025

Future Cheyenne AI Data Center Will Use More Power Than All Wyoming Homes Combined

Carrier Management

Future Cheyenne AI Data Center Will Use More Power Than All Wyoming Homes Combined An artificial intell...

Posted: Jul 30, 2025

8.8 Russia Quake Triggers Tsunami Warnings for Hawaii, California

Carrier Management

8.8 Russia Quake Triggers Tsunami Warnings for Hawaii, Ca...

Posted: Jul 30, 2025

Hybrid Work, Cybersecurity Threats Expose Urgent Gap in Device Management: Warning

Carrier Management

Hybrid Work, Cybersecurity Threats Expose Urgent Gap in Device Manageme...

Posted: Jul 30, 2025

AXA XL Offers Cybersecurity Assessments Through Fenix24 Partnership

IIR

The three cybersecurity assessments aim to strengthen client defenses and speed recovery after ransomware attacks.

Posted: Jul 30, 2025

Ping An Names Ray Wang CTO

IIR

Wang is appointed to lead Ping An’s AI and technology strategy, supporting its integrated finance and health services platform.

Posted: Jul 30, 2025

DXC Launches AI-Driven Claims Platform for Self-Insured Employers

IIR

The new solution aims to streamline risk management and improve return-to-work outcomes for self-insured organizations.

Posted: Jul 30, 2025

Annuity Sales Set Record in First Half of 2025

Insurance Forums

Total U.S. annuity sales were $223 billion in the first half of 2025, 3% above … Read more

Posted: Jul 30, 2025

Why Property Claims Teams Feel Friction with CCMs — and How AI Is Changing Everything

coverager

Enterprise CCMs promise control but create friction for the claims department, forcing adjusters into risky workarounds. AI like Voltaire is changing the equation and the outcomes.  

Posted: Jul 30, 2025

Allianz UK partners with Sainsbury’s Bank

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Sainsbury's is Britain's second largest grocer.

Posted: Jul 30, 2025

Distinguished Programs partners with Wright Flood

coverager

Distinguished’s partnership with Wright Flood adds another layer of protection to its Community Associations program.

Posted: Jul 30, 2025

Deciens Capital closes $93 million Fund III

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Investors in Tint.

Posted: Jul 30, 2025

Verisk to acquire AccuLynx

coverager

Partnership builds on CMT’s momentum in Asia to advance driver safety in South Korea July 30, 2025, Seoul, South Korea & Cambridge, MA — Samsung Fire & Marine Insurance (SFMI), South...

Posted: Jul 30, 2025

Verisk’s $2.35B Buy of AccuLynx ‘Natural Fit’ for Claims Management Solutions

Insurance Journal

Insurance data analytics and technology firm Verisk said it has an agreement in place to acquire AccuLynx, a software-as-a-service platform designed for residential roofing contractors, for $2.35 billion. Verisk said in a July 30 announcement that bo...

Posted: Jul 30, 2025

Business Stressors Move the Workers’ Compensation Needle

Risk & Insurance

Given greater amounts of uncertainty, business leaders are taking a closer look at insurance policies and taking on more risk. The post Busines...

Posted: Jul 30, 2025

The New Insurance Landscape in 2025

Insurance Thought Leadership

The New Insurance Landscape in 2025 AI & Machine Learning

Posted: Jul 30, 2025

How Agencies Can Merge Smarter and Scale Stronger

Insurance Thought Leadership

How Agencies Can Merge Smarter and Scale Stronger Agent & Broker

Posted: Jul 30, 2025

How Agencies Can Merge Smarter

Insurance Thought Leadership

How Agencies Can Merge Smarter Agent & Broker

Posted: Jul 30, 2025

From Trauma to Recovery: Identifying Psychological Trauma in a Workers’ Compensation Case

Risk & Insurance

Structured mental health assessments help validate psychological trauma, prevent malingering, and support more accurate claims, enabling employers, adjusters, and clinicians to improve outcomes and reduce costs. The post

Posted: Jul 30, 2025

Cotality Estimates $1.1B in Damage to Residential Buildings from Central Texas Floods

Insurance Journal

Cotality estimates that the recent Central Texas flash floods caused $1.1 billion in damage to residential buildings, with the National Flood Insurance Program providing as much as $135 million in insurance recoveries to home and business owners acro...

Posted: Jul 30, 2025

Global Benefits Leaders Pivot to Cost Control as Economic Uncertainty Looms

Risk & Insurance

Aon survey reveals 70% of multinationals now prioritize cost management above all other strategic objectives, marking a dramatic shift from 2024. The post

Posted: Jul 30, 2025

The AI Revolution in Risk Detection

Insurance Thought Leadership

The AI Revolution in Risk Detection AI & Machine Learning

Posted: Jul 30, 2025

People Moves: LSM Hires Nelson, Ciraci and Prout to Boost Renewables Offering; BMS Promotes Wookey t...

Insurance Journal

This edition of International People Moves details appointments at Liberty Specialty Markets and the broker BMS. A summary of these new hires follows here. Liberty Specialty Hires Nelson, Ciraci and Prout to Boost Renewables Offering Liberty Specialt...

Posted: Jul 30, 2025