All Posts

Verisk to Acquire AccuLynx for $2.35 Billion

IIR

The deal will strengthen Verisk’s network in insurance claims and restoration.

Posted: Jul 29, 2025

Insurity Advances Claims Platform with New AI and UX Investments

IIR

The vendor’s ongoing investments in automation, digital FNOL, and integration architecture aim to help insurers improve resolution times, reduce costs, and enhance service for adjusters and policyholders.

Posted: Jul 29, 2025

Clearwater Analytics Expands Mortgage Support for Prosperity Life Group

IIR

The enhanced solution helps Prosperity manage complex residential tranche loans.

Posted: Jul 29, 2025

UCLA to Pay Over $6 Million to Settle Lawsuit on Antisemitism

Insurance Journal

The University of California at Los Angeles agreed to pay more than $6 million to settle discrimination complaints brought by Jewish students and faculty members who assailed the school for allowing a “Jew Exclusion Zone” on campus during...

Posted: Jul 29, 2025

Construction Projects Facing Delays Under Threat of ICE

Carrier Management

Construction Projects Facing Delays Under Threat of ICE Under a broiling Al...

Posted: Jul 29, 2025

Women’s Dating App Tea Reports 72,000 Images Stolen in Security Breach

Carrier Management

Women’s Dating App Tea Reports 72,000 Images Stolen in Security...

Posted: Jul 29, 2025

More AI Seen as the Answer to Defeating Deepfakes

Carrier Management

More AI Seen as the Answer to Defeating Deepfakes The phone r...

Posted: Jul 29, 2025

Illinois State Police Report Vehicle Theft Down Slightly in Q2 2025

Carrier Management

Illinois State Police Report Vehicle Theft Down Slightly in Q2 2025 The effects o...

Posted: Jul 29, 2025

U.S. Crash Fatalities Dip 6% in First Quarter 2025

Carrier Management

U.S. Crash Fatalities Dip 6% in First Quarter 2025 The number of people killed in U.S road crashes was down by...

Posted: Jul 29, 2025

NAMIC Throws Support Behind Bill to Reaffirm State Regulation of Insurance

Insurance Journal

The National Association of Mutual Insurance Companies (NAMIC) is supporting a bill first introduced more than 18 months ago to limit the authority of the Consumer Financial Protection Bureau and protect state regulation of the insurance industry. Re...

Posted: Jul 29, 2025

Industry Trades Throw Support Behind Bill to Affirm State Regulation of Insurance

Insurance Journal

The National Association of Mutual Insurance Companies (NAMIC) is supporting a bill first introduced more than 18 months ago to limit the authority of the Consumer Financial Protection Bureau and protect state regulation of the insurance industry. Re...

Posted: Jul 29, 2025

Instnt enters California market

coverager

Last month the company announced a partnership with Munich Re.

Posted: Jul 29, 2025

Carol Voorhees elected NJM President & CEO

coverager

Voorhees most recently served as Executive Vice President & Chief Operating Officer. 

Posted: Jul 29, 2025

AXA XL launches cybersecurity assessments in partnership with Fenix24

coverager

AXA XL's cyber insurance clients now have access to three assessments from Fenix24.

Posted: Jul 29, 2025

Top 5 Strategies To Stabilize Commercial Property Market

Rough Notes

Operating in a market where premium increases are moderating from major hardening of a year ago  [T]here are still likely potholes ahead. What is certain is that strategic layering, tech-driven storytelling, and creative risk solutions are no longer...

Posted: Jul 29, 2025

PE Is Reinventing Life Insurance

Insurance Thought Leadership

PE Is Reinventing Life Insurance Future of Risk sradomski Tue, 07/29/2025 - 13:47 ...

Posted: Jul 29, 2025

Michigan Manufacturer Sued for Sexual Harassment

Insurance Journal

East Jordan Plastics, Inc., a manufacturer of plastic horticultural containers, violated federal law when it subjected female production employees to sexual harassment before taking untimely remedial action, the U.S. Equal Employment Opportunity Comm...

Posted: Jul 29, 2025

AM Best Upgrades Credit Rating of Texas’ New Horizon

Insurance Journal

AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of New Horizon Insurance Company based in Houston, Texas. The o...

Posted: Jul 29, 2025

Marsh Japan Agrees to Acquire Mitsubishi Electric’s Insurance Agency

Insurance Journal

Marsh Japan has agreed to purchase Mitsubishi Electric Corp.’s in-house insurance agency, Mitsubishi Electric Insurance Service Co. Ltd., in a share transfer agreement that will be completed on Nov. 4. Financial details of the transaction were...

Posted: Jul 29, 2025

World Acquires Louisiana’s Lighthouse Insurance Agency

Insurance Journal

World Insurance Associates LLC announced that it acquired the business of Lighthouse Insurance Agency of Madisonville, Louisiana on March 1, 2025. Terms of the transaction were not disclosed. Lighthouse Insurance Agency specializes in writing persona...

Posted: Jul 29, 2025

People Moves: Guy Carpenter Taps RenRe’s Flynn as Head of Global Clients, Global Specialties; Tokio...

Insurance Journal

This edition of International People Moves details London-based appointments at the reinsurance broker Guy Carpenter and the insurer Tokio Marine HCC International. A summary of these new hires follows here. Carpenter Taps RenRe’s Flynn as Head...

Posted: Jul 29, 2025

LCP urges general insurance actuaries to review modelling assumptions

Reinsurance News

As insurers prepare for 2026 amid softening market conditions and a shifting risk landscape, LCP is urging general insurance actuaries to review their modelling assumptions to ensure capital models remain robust—factoring in climate risks alongsid...

Posted: Jul 29, 2025

People Moves: DOXA Expands Brokerage Vertical Naming Curry EVP

Insurance Journal

DOXA, headquartered in Fort Wayne, Indiana, hired Sean Curry as executive vice president of its brokerage vertical. Curry guides DOXA’s expansion of its product expertise and rapid responsiveness in new markets with hard-to-place risks. Curry h...

Posted: Jul 29, 2025

Munich Re Specialty North America promotes Claudia Carnevale to Head of NA Programs

Reinsurance News

Munich Re Specialty – North America, part of the insurance operations of global reinsurer Munich Re, has announced the promotion of Claudia Carnevale to Head of North America Programs. In this role, Carnevale will oversee the company’s North Ameri...

Posted: Jul 29, 2025

Traffic Fatalities Dip 6.3% in First Quarter 2025

Insurance Journal

The number of people killed in U.S road crashes was down 6.3% in the first three months of 2025, according to newly released data by the National Highway Traffic Safety Administration. Traffic fatalities totaled 8,055, the lowest quarterly rate in &#...

Posted: Jul 29, 2025

The Hartford sees Q2’25 net income and premium growth with lower cat losses

Reinsurance News

US-based insurer The Hartford has announced its financial results for the second quarter of 2025, reporting a 35% increase in net income, and 8% growth in Property & Casualty (P&C) written premiums. According to the firm, the increase in Q...

Posted: Jul 29, 2025

Top 5 Auto Insurers File for Average 6% Rate Reduction This Year, Florida OIR Says

Insurance Journal

Florida may have had some of the highest property and auto insurance rates in the country in recent years, but so far this year, the largest auto insurers have filed for rate decreases averaging about 6%, regulators said. “We are …

Posted: Jul 29, 2025

Everest appoints Catherine Soyka as AVP, Reinsurance Underwriting, Singapore

Reinsurance News

Everest Reinsurance, the reinsurance division of Everest Group, has announced that Catherine Soyka is joining its team in Singapore as Assistant Vice President (AVP), Reinsurance Underwriting for Oceania. Soyka brings 15 years of industry experien...

Posted: Jul 29, 2025

Q2 Commercial Insurance Rates Reverse Seven-Year Climb as Global Competition Intensifies

Risk & Insurance

Fourth consecutive quarterly decline signals major market shift, with U.S. casualty rates bucking the trend, Marsh reports. The post

Posted: Jul 29, 2025

H1 Natural Disasters Had Insured Price Tag of $80B – Driven by US Claims: Munich Re

Insurance Journal

Natural disasters across the globe cost insurers US$80 billion during the first half of 2025, up from $64 billion in H1 2024, according to Munich Re’s mid-year natural disaster report. On the other hand, overall economic losses (which include i...

Posted: Jul 29, 2025

Cincinnati buys additional $300m of property cat reinsurance at July renewal

Reinsurance News

Cincinnati Financial Corporation has announced that it purchased an additional layer on its property catastrophe reinsurance treaty with a limit of $300 million, effective July 1st, increasing the total limit from $1.5 billion to $1.8 billion. Acc...

Posted: Jul 29, 2025

Applied Underwriters Starts MGA Platform Innovation Risk

Insurance Journal

Applied Underwriters said it has launched Innovation Risk, a new managing general agent (MGA) platform that will focus on casualty, accident, and life underwriting. The MGA, while firmly rooted in proven, traditional insurance fundamentals, will inco...

Posted: Jul 29, 2025

Two Youths Killed, Two in Critical Condition After Barge Hits Sailboat in Miami

Insurance Journal

Two youths at a Miami sailing camp were killed and two others were hospitalized after a barge struck a sailboat Monday. The Associated Press, The Miami Herald and other news sites reported that one adult and five kids were pulled …

Posted: Jul 29, 2025

Marsh McLennan maintains top global broker spot by revenue for 15th year

Reinsurance News

Marsh McLennan remains the top global insurance and reinsurance broker by total revenue for the 15th consecutive year, increasing its revenue by $1.72 billion to $24.46 billion in 2024, while several other brokers maintained their positions in the...

Posted: Jul 29, 2025