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Eagle Ship Management LLC (ESM), based in Stamford, Connecticut, pleaded guilty to violating the Act to Prevent Pollution from Ships (APPS) by deliberately polluting U.S. waters off the coast of New Orleans from the M/V Gannet Bulker, a foreign-flagg...
Posted: Jul 25, 2025
The biggest tech companies are warring over who’s responsible for children’s safety online, with billions of dollars in fines on the line as states rapidly pass conflicting laws requiring companies to verify users’ ages. The struggl...
Posted: Jul 25, 2025
Five years after a $60 million bribery scheme funded by FirstEnergy Corp. came to light in Ohio, expert observers say the resulting prosecutions, lawsuits, penalties and legislation haven’t led to enough change and accountability to prevent pol...
Posted: Jul 25, 2025
AM Best, the credit rating agency, has issued a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” (Superior) to HDI Global UK Limited, a United Kingdom-based subsidiary of HDI Haftpflichtverband der Deutschen...
Posted: Jul 25, 2025
A Kentucky tobacco warehouse manager at the center of a long-running crop insurance fraud scheme has agreed to pay millions in restitution for his role in enabling the fraud. Thomas Kirkpatrick, of Danville, pleaded guilty last week to conspiracy to...
Posted: Jul 25, 2025
A Kentucky tobacco warehouse manager at the center of a long-running crop insurance fraud scheme has agreed to pay millions in restitution for his role in enabling the fraud. Thomas Kirkpatrick, of Danville, pleaded guilty last week to conspiracy to...
Posted: Jul 25, 2025
Johnson & Johnson Inc. announced it is acquiring the assets of Erickson-Larsen, Inc (E&L). The parties expect to complete the transaction effective August 1, 2025. With offices in Maple Grove, MN, and Fargo, ND, Erickson-Larsen is a wholesale...
Posted: Jul 25, 2025
Importers and exporters based in Texas have so far avoided the harshest effects of the trade war sparked by President Donald Trump’s tariffs on imports from a host of countries, but they could be in for a rude awakening come …
Posted: Jul 25, 2025
French insurer AXA won a London court ruling on Friday worth nearly 675 million pounds ($908 million) against Santander over the mis-selling of payment protection insurance more than two decades ago. The dispute between AXA and Santander centered on...
Posted: Jul 25, 2025
After posting 6% organic revenue growth for the second quarter of 2025 in its Reinsurance Solutions operation, global broking giant Aon’s Chief Executive Officer (CEO), Greg Case, has highlighted the firm’s client-oriented approach and...
Posted: Jul 25, 2025
Georgia Insurance Commissioner John King is dropping out of the race for a U.S. Senate seat after meeting with Georgia Gov. Brian Kemp. Multiple news outlets reported that King, a Republican in the commissioner’s job since 2019, has suspended h...
Posted: Jul 25, 2025
Georgia Insurance Commissioner John King is dropping out of the race for a U.S. Senate seat after meeting with Georgia Gov. Brian Kemp. Multiple news outlets reported that King, a Republican in the commissioner’s job since 2019, has suspended h...
Posted: Jul 25, 2025
1B Insurance AG, a provider of embedded insurance for digital asset platforms based in Switzerland, has announced the appointment of John Morley as Chief Executive Officer (CEO), effective immediately. Morley brings deep expertise in developing in...
Posted: Jul 25, 2025
American Honda Motor Co., Inc. said it has started a new insurance agency, Honda Insurance Solutions, to address the insurance needs of Acura and Honda owners of cars, motorcycles, recreational vehicles, homes, and more. Honda said this is the beginn...
Posted: Jul 25, 2025
CHARLESTON, SC., July 25, 2025 – Johnson & Johnson Inc. (J&J) continues the expansion of its footprint by acquiring the assets of Erickson-Larsen, Inc (E&L). The parties expect to complete the transaction effective August 1, 2025. With of...
Posted: Jul 25, 2025
A car rental company in Connecticut is under no obligation to confirm whether a customer’s driver’s license is subject to any restrictions; rather it is only required to inspect the physical license card to confirm that it is facially val...
Posted: Jul 25, 2025
Tesla is preparing to launch its robotaxi service in San Francisco as soon as this weekend, Business Insider reported on Friday, citing an internal staff memo. Tesla said its timeline for the launch had been moved up and the service …
Posted: Jul 25, 2025
Allianz Commercial, part of global insurer Allianz, has appointed Doan Nguyen-Huu as Global Head of Portfolio Solutions, effective August 1st, 2025, and Daniel Head as Head of Portfolio Solutions and Delegated Authority, UK Global and Internationa...
Posted: Jul 25, 2025
Insurance Business Magazine - US
Posted: Jul 25, 2025
Insurance Business Magazine - US
Posted: Jul 25, 2025
Insurers should take note of a recent SCOTUS decision affecting employer management of retirement plans. The post Wendy Von Wald...
Posted: Jul 25, 2025
Applied Systems has released the second quarter of 2025 results of the Applied Rating Index, the Canadian insurance industry’s premium rate index, showing year-over-year and quarter-over-quarter increases in average premium rate changes for both P...
Posted: Jul 25, 2025
Mosaic Insurance, the Bermuda-based global specialty insurer, has entered the digital asset market, launching a combined cyber and financial institutions (FI) crime product that provides robust protection to the rapidly growing, yet historically unde...
Posted: Jul 25, 2025
Kinsale Capital Group, Inc. reported a net income of $134.1 million for the second quarter of 2025, which includes after-tax catastrophe losses of $2.9 million, up 44.8% from $92.6 million in the same quarter a year earlier, which included $2.7 mi...
Posted: Jul 25, 2025
The insurance agency franchise Freeway Insurance is now operating in 28 states with the opening of its newest office in Danbury, Connecticut. In addition to the new Connecticut location, recent openings have included offices in Alabama, Colorado, Flo...
Posted: Jul 25, 2025
Sands Point Risk, a multi-program MGA platform backed by Avesi Partners, has announced its acquisition of BRM Specialty Markets, a Philadelphia-based Medical Stop Loss Managing General Underwriter. The acquisition marks a significant milestone for...
Posted: Jul 25, 2025
Aon, the global insurance and reinsurance broking group, achieved total revenue growth of 11% to $4.2 billion in the second quarter of 2025, with organic growth of 6% in its Reinsurance Solutions arm on the back of double-digit increases in insura...
Posted: Jul 25, 2025
The California Department of Insurance (CDI) has completed its review of the Verisk Wildfire Model for the US, approving it for use by insurers in assessing wildfire risk and property insurance ratemaking—marking it as the first catastrophe model...
Posted: Jul 25, 2025
Amazon faces two mass lawsuits from retailers and consumers worth up to 4 billion pounds ($5.4 billion) for allegedly abusing its dominant position, after a London tribunal on Thursday certified the cases could proceed. Andreas Stephan, a competition...
Posted: Jul 25, 2025
Ust-Luga, Russia’s largest port in the Baltic Sea, is insisting that ships’ hulls are inspected before the vessels are allowed to enter the facility, a sign of how a string of mystery blasts involving tankers that went to Russia are ̷...
Posted: Jul 25, 2025
Foreign oil tankers are being temporarily barred from loading at Russia’s main Black Sea ports following new regulations, two industry sources said on Wednesday [July 23], effectively blocking exports from Kazakhstan handled largely by a consor...
Posted: Jul 25, 2025
Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a 3.2% increase in direct premiums written to $596.7 million in the second quarter of 2025, from $578.2 million a year earlier, driven by a 25.4%...
Posted: Jul 25, 2025
The Cayman Islands Monetary Authority (CIMA) granted a total of 21 new international insurer licenses in the first half of 2025, as commercial insurance, reinsurance, and captive sectors continue to expand in the region. This was reported in the r...
Posted: Jul 25, 2025
Global insurer American International Group, Inc. (AIG) has appointed Glen Browne as its new Global Head of Accident & Health (A&H), effective September 3rd, 2025. He will be based in Zurich, Switzerland and report to Jon Hancock, Executiv...
Posted: Jul 25, 2025
A new report recently released has highlighted a significant reduction in the number and value of trade credit insurance claims worldwide. The data comes from an annual market survey conducted by A2Z Risk Services on behalf of the Lloyd’s Market A...
Posted: Jul 25, 2025
A new report recently released has highlighted a significant reduction in the number and value of trade credit insurance claims worldwide. The data comes from an annual market survey conducted by A2Z Risk Services on behalf of the Lloyd’s Market A...
Posted: Jul 25, 2025
Jensten Underwriting, a managing general agent within the Jensten Group, has announced the appointment of senior industry specialist Kathleen Durling as Director of Underwriting. In her new role, Durling will spearhead two of Jensten Underwriting’...
Posted: Jul 25, 2025
Discover how these niche experts are compounding growth opportunities.
Posted: Jul 25, 2025
Third Point LLC has secured $400 million of investible capital for the first close of the Third Point Insurance Solutions Fund I, its first dedicated and rated structured private credit fund for insurance companies. According to Third Point, the F...
Posted: Jul 25, 2025
A federal judge dismissed a lawsuit accusing Intel of defrauding shareholders by concealing problems in a business where it manufactured chips for outside customers, leading to a $32 billion one-day plunge in its market value. While saying she “...
Posted: Jul 25, 2025
Starr Insurance, a provider of commercial property and casualty insurance, has announced the appointment of David Wang as Head of Financial Lines, Asia Pacific. Based in Singapore, Wang will lead the company’s growing Asia Pacific Financial Lines...
Posted: Jul 25, 2025
Artificial Intelligence Underwriting Company (AIUC) is coming out of stealth mode with a $15 million seed round. The San Francisco-based company said July 23 that it seeks to unlock the “next wave of artificial intelligence (AI) progress by bui...
Posted: Jul 25, 2025
Along with analyzing risk, a risk manager’s core function is to offload as much risk as possible as cost-effectively as possible. While meeting this goal is generally thought of as assembling the right insurance portfolio at the best price, tra...
Posted: Jul 25, 2025
If you’ve felt a shift in driver behavior on Pacific Northwest roads, a recent poll suggests you’re not alone. A survey of Washington and Oregon residents by PEMCO Mutual Insurance found that many motorists are seeing increases in rudenes...
Posted: Jul 25, 2025