All Posts

Tesla Sales Fall Again in California, Dragging on ZEV Market

Insurance Journal

Tesla has now seen seven quarterly registration declines reported in California, dragging down the overall zero-emission vehicle (ZEV) market in the state, a new report shows. The California New Car Dealers Association released its Q2 2025 California...

Posted: Jul 23, 2025

Steady Rates, Steady Customers: Climate Risk Modeling for Long-Term Customer Retention

Insurance Journal

This post is part of a series sponsored by Cotality. Most households can absorb a modest two-to-three-percent premium bump, yet even small increases strain lower-income policyholders in some regions. What reliably triggers consumer outrage is the sud...

Posted: Jul 23, 2025

Ohio Waste Management Firm Faces $602K in Fines After Worker’s Death

Insurance Journal

A U.S. Department of Labor investigation found that Clean Harbors Environmental Services Inc., an environmental and hazardous waste management service provider, failed to properly ventilate a confined space containing organic chemical residue at a cu...

Posted: Jul 23, 2025

General Motors Insurance Expands to 3 New States

Insurance Journal

General Motors Insurance announced this week it has expanded to three more states: Arkansas, Colorado and Louisiana. General Motors Insurance is available for Chevrolet, Buick, GMC and/or Cadillac vehicles with a model year 2016 or newer. GM says tha...

Posted: Jul 23, 2025

General Motors Insurance Expands to 3 New States, Including Louisiana

Insurance Journal

General Motors Insurance announced this week it has expanded to three more states: Arkansas, Colorado and Louisiana. General Motors Insurance is available for Chevrolet, Buick, GMC and/or Cadillac vehicles with a model year 2016 or newer. GM says tha...

Posted: Jul 23, 2025

Property reinsurance becoming more competitive, discipline eroding: W. R. Berkley CEO

Reinsurance News

During W. R. Berkley Corporation’s Q2 2025 earnings call, William Robert Berkley, President, CEO & Director, highlighted that the property reinsurance market is becoming increasingly competitive, with signs that discipline among reinsurers con...

Posted: Jul 23, 2025

Munich Re Supervisory Board decides on changes to the Board of Management

coverager

Dr. Joachim Wenning, Chair of the Board of Management, does not wish to continue in his role.

Posted: Jul 23, 2025

Credibur raises $2.2 million

coverager

Credibur is emerging from stealth mode and launching with its first pilot customers. 

Posted: Jul 23, 2025

Apple introduces AppleCare One

coverager

Third Point’s Private Credit strategy is led by Christopher Taylor.

Posted: Jul 23, 2025

People Moves: DUAL Europe Taps Nexus’ Masteling to Lead New Trade Credit Business

Insurance Journal

DUAL Europe announced the launch of its Trade Credit Insurance business, led by Frank Masteling, who joined the company as head of Trade Credit. With more than 25 years of experience in the trade credit sector, Masteling brings deep expertise …

Posted: Jul 23, 2025

Predict & Prevent® Podcast Episode 20: Policymaker Perspectives: Balancing Innovation and Protection

Risk & Insurance

In a rapidly evolving landscape shaped by climate challenges and technological disruption, finding the right balance between fostering innovation and protecting consumers has never been more critical, says Scott White. The post

Posted: Jul 23, 2025

Artificial Intelligence Underwriting Company launches with $15m seed round

Reinsurance News

The Artificial Intelligence Underwriting Company (AIUC), a new firm that combines audits, standards, and insurance to enable enterprises to confidently adopt AI to unlock progress, has announced its launch following a successful $15 million seed f...

Posted: Jul 23, 2025

Increasing Drone Incidents Near Airports, Stadiums Prompt Alarm, Officials Say

Insurance Journal

U.S. officials told a Senate committee on Tuesday that there have been more than 3,000 drone events near American airports since 2021, including 11 aircraft this year that reported taking evasive action to avoid collisions. Those drone incidents have...

Posted: Jul 23, 2025

White House Unveils Sweeping AI Action Plan to Boost Development

Insurance Journal

The Trump administration called for boosting artificial intelligence development in the US by loosening regulations and expanding energy supply for data centers under new guidelines that also urged the federal government to withhold funding from stat...

Posted: Jul 23, 2025

Swiss Re establishes parametric Centre of Excellence under Marcel Andriesse’s leadership

Reinsurance News

Swiss Re’s Property & Casualty Reinsurance (P&C Re) business unit has launched a Parametric Centre of Excellence, led by Marcel Andriesse, to unify and enhance the firm’s capabilities in parametric solutions across the organisation. Accord...

Posted: Jul 23, 2025

Competition Among European P/C Insurers Is Rising, Along With Claims Inflation: S&P

Insurance Journal

Competition among European non-life primary insurers is increasing, despite rising claims inflation, according to S&P Global Ratings in a report on the European insurance sector. Property/casualty commercial insurers will face more pressure in 20...

Posted: Jul 23, 2025

Alabama Man’s Death Ruled a Homicide After Police Kneeled on His Neck

Insurance Journal

The death of an unarmed 52-year-old man who died after an Alabama police officer kneeled on his neck was ruled a homicide by a county coroner, according to an official autopsy reviewed by The Associated Press. The finding led lawyers …

Posted: Jul 23, 2025

Slave Descendants Still Fighting for Georgia Court to Hear Discrimination Claims

Insurance Journal

DARIEN, Ga. (AP) — Black landowners from a tiny island community returned to a Georgia courtroom, urging a judge to let them move forward with a lawsuit that accuses local officials of illegally weakening protections for one of the South’s &#82...

Posted: Jul 23, 2025

Amwins names Shah as General Counsel, Hargrove transitions to Senior Advisor

Reinsurance News

Amwins, a distributor of specialty insurance products and services, has appointed the current Deputy General Counsel, Molly Shah, as General Counsel effective January 1st, 2026. Simultaneously, Donna Hargrove transitions from her current role as G...

Posted: Jul 23, 2025

Floodbase launches solution to allow continuous flood mapping across the US

Reinsurance News

Floodbase, a platform focused on insuring flood risks beyond traditional coverage, has launched near-real-time flood mapping technology for the United States to help governments, insurers, media, and other decision-makers obtain rapid situational...

Posted: Jul 23, 2025

 WHEN UM/UIM COVERAGE FOLLOWS AN INSURED

Rough Notes

A state supreme court decision regarding UIM coverage is likely to please producers and policyholder advocates but frustrate some carriers In … states where UM/UIM coverage is mandatory, insurers may be hit by a double whammy: The expectation to cove...

Posted: Jul 23, 2025

South African Insurer Santam Gets ‘In-Principle’ Approval to Launch Lloyd’s Syndicate

Insurance Journal

Santam, the Cape Town, South Africa-based property/casualty insurer, has been granted “in-principle” approval by Lloyd’s to launch a syndicate based in London, which will accelerate the group’s international growth and diversi...

Posted: Jul 23, 2025

Tally of Microsoft Victims Surges to 400 as Hackers Exploit SharePoint Flaw

Insurance Journal

The number of companies and organizations compromised by a security vulnerability in Microsoft Corp.’s SharePoint servers is increasing rapidly, with the tally of victims soaring more than six-fold in a few days, according to one research firm....

Posted: Jul 23, 2025

Reinsurers must lead push for claims discipline and better data: Specialty Risk Re CEO

Reinsurance News

According to Jonathan Collura, CEO and President of Specialty Risk Re, the firm’s underwriting strategy, distinguished by its integration of both traditional P&C and credit perspectives, is a key differentiator in how it supports clients...

Posted: Jul 23, 2025

Lloyd’s Asia unveils new cyber capacity pooling arrangement

Reinsurance News

Lloyd’s Asia has announced the launch of a new cyber capacity pooling arrangement, the “Lloyd’s XOL Cyber Insurance Facility,” developed in collaboration with Antares, Munich Re Specialty – Global Markets, Syndicate Asia, Newline, and Tokio Marine...

Posted: Jul 23, 2025

Masteling to lead DUAL Europe’s new Trade Credit business

Reinsurance News

DUAL Europe is expanding its specialty lines across the continent with the launch of its Trade Credit Insurance business, with capacity provided by Axeria, a pan-European carrier. Frank Masteling will lead the Trade Credit business. The executive...

Posted: Jul 23, 2025

Munich Re Chairman Wenning to Retire at Year-End, Succeeded by Jurecka

Insurance Journal

Munich Re has named Dr. Christoph Jurecka (50) as chairman with effect from Jan. 1, 2026, succeeding Dr. Joachim Wenning (60), who has decided to retire at the end of the year. Jurecka has been with the group since 2011, …

Posted: Jul 23, 2025

Weather-Related Losses Cause AM Best to Revise Brethren Mutual’s Outlooks

Insurance Journal

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Brethren Mutual Insurance Co. in Hagerstown, Maryland. AM Bes...

Posted: Jul 23, 2025

Man Charged With Arson Over Fires That Damaged 11 NY Police Vehicles

Insurance Journal

A man with a history of arrests at pro-Palestinian protests was charged Monday with setting fire to 11 New York City police vehicles last month. Jakhi McCray, 21, of Brooklyn pleaded not guilty to arson in U.S. District Court. A …

Posted: Jul 23, 2025

Ex-NYPD Commissioner Targets Mayor Adams in $10 Million Defamation Claim

Insurance Journal

New York City’s former interim police commissioner has filed a $10 million defamation claim against Mayor Eric Adams for reportedly suggesting he was mentally unfit for the job of top cop. The filing comes less than a week after the …

Posted: Jul 23, 2025

Jurecka to take over from Wenning at helm of Munich Re

Reinsurance News

Global reinsurer Munich Re has announced the appointment of Dr. Christoph Jurecka, currently the company’s Chief Financial Officer (CFO), as Chair of the Board of Management, succeeding Dr. Joachim Wenning, who is set to retire. According to the a...

Posted: Jul 23, 2025

Andrew Laing named Head of PartnerRe Capital Management

Reinsurance News

Bermuda-based reinsurer PartnerRe has announced the appointment of Andrew Laing as Head of PartnerRe Capital Management, effective October 1st, 2025. Laing will succeed Andrew Hughes, who is leaving the company after more than four years of servic...

Posted: Jul 23, 2025

IUA urges legal reform to enable growth of aviation technologies

Reinsurance News

The International Underwriting Association (IUA), which represents London Market insurers and reinsurers, is urging legal reform to support the safe and effective introduction of next-generation aviation technologies. The group says that while ins...

Posted: Jul 23, 2025

HDI Global Canada names Derek Reedie as Head of Engineering & Construction

Reinsurance News

HDI Global Canada has announced the appointment of Derek Reedie as Head of Engineering and Construction. In this role, Reedie will lead insurance solutions for complex infrastructure and industrial projects. He brings over 25 years of industry exp...

Posted: Jul 23, 2025

Santam receives approval to launch UK-based Lloyd’s syndicate

Reinsurance News

Santam Limited, one of South Africa’s general insurers, has received in-principle approval from Lloyd’s of London—a re/insurance marketplace—to establish a Lloyd’s syndicate in the United Kingdom. This approval is subject to Santam meeting Lloyd’s...

Posted: Jul 23, 2025

Specialize in Restaurant Risk Management: Risk & Insurance Education Alliance Launches New RiskPRO C...

Insurance Journal

Austin, TX., July 23, 2025 — The Risk & Insurance Education Alliance is proud to announce the launch of the Restaurant RiskPRO Certification, the latest specialized program in its innovative RiskPRO Certification Series. Designed specifical...

Posted: Jul 23, 2025

DARAG Group expands UK claims services through new partnership with Unipol Assicurazioni

Reinsurance News

DARAG Group, a legacy acquirer with a focus on the European market, has signed a service agreement with Italian insurer Unipol Assicurazioni S.p.A. (Unipol). Unipol Assicurazioni is the parent company of the Unipol Group, one of the larger insuran...

Posted: Jul 23, 2025

Chubb posts record P&C underwriting income of $1.63bn in Q2’25

Reinsurance News

Chubb has reported that property and casualty (P&C) underwriting income was a record $1.63 billion in Q2 2025, up 15% from the same period of 2024, with an improved combined ratio of 85.6%. Meanwhile, the firm’s Q2 2025 net income was $2...

Posted: Jul 23, 2025

Westfield Specialty posts 89.4% CoR and underwriting income of $58m in H1’25

Reinsurance News

Westfield Specialty, a global specialty insurance carrier, has reported a combined ratio of 89.4% and underwriting income of $58 million for the first half of 2025, which are “well ahead of planned results”. According to the insurer, i...

Posted: Jul 23, 2025

NTSB Blames Cellphone Distraction for Mississippi River Barge Collision

Insurance Journal

A tow pilot’s distraction caused by personal cellphone use resulted in a collision last year with moored barges on the lower Mississippi River, the National Transportation Safety Board said last week. The towing vessel William B Klunk was pushi...

Posted: Jul 23, 2025

QBE North America Introduces AI-Focused Cyber Coverages

Carrier Management

QBE North America Introduces AI-Focused Cyber Coverages QBE North America ann...

Posted: Jul 23, 2025

QBE NA promotes Atkinson to President of NAU Country Insurance Company

Reinsurance News

QBE North America (QBE NA), part of the global insurer QBE, has promoted Jordan Atkinson to President of NAU Country Insurance Company, effective August 18th, 2025. He succeeds long-serving NAU Country President, Jim Korin, who announced his inten...

Posted: Jul 23, 2025