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Democratic Gov. Katie Hobbs toured the destruction left by a wildfire along the Grand Canyon’s North Rim, on Saturday, surveying what she described as devastating damage. The governor, who has called for an investigation into how the blaze was...
Posted: Jul 22, 2025
While artificial intelligence (AI) investments offer significant growth and profitability potential for insurance companies, they also bring new risks that, if not managed properly, could cause significant financial and have a negative impact on c...
Posted: Jul 22, 2025
Changes to the taxes paid by litigation investors did not make it in the final version of the expansive One Big Beautiful Bill, but the issue of third-party litigating funding continues to have the attention of at least some lawmakers …
Posted: Jul 22, 2025
There has been a sharp rise in electric vehicle (EV) insurance premiums, driven by higher repair costs, labour expenses, and parts shortages — factors that often lead to unsustainable write-offs after minor accidents, according to a recent white p...
Posted: Jul 22, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the promotion of Ed Totten to Head of Construction Casualty, consolidating Primary and Excess Casualty lines under his leadership. Totten...
Posted: Jul 22, 2025
Insurance and reinsurance broking group WTW has announced the appointment of Dale Porfilio as Senior Director and Head of Personal and Commercial Lines Business Development to its Insurance Consulting & Technology (ICT) business. Porfilio, bas...
Posted: Jul 22, 2025
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: Jul 22, 2025
Can AI's Efficiencies Save Homeowners Insurance? PaulCarroll Tue, 07/22/2025 - 09:32 An intere...
Posted: Jul 22, 2025
HDI Global underscores the strategic importance of Alternative Risk Transfer (ART) by integrating its Risk Finance solutions at Board level under Dr Dirk Höring, following the successful development of its HDI Enablers unit. As risks become more c...
Posted: Jul 22, 2025
Severe storms are triggering flooding in parts of Europe following weeks of extreme heat, while temperatures on the Italian island of Sicily climb to 44C (111F). A powerful low-pressure system delivered heavy precipitation as it moved east into centr...
Posted: Jul 22, 2025
American Coastal Insurance Corporation, the parent company of American Coastal Insurance Company (AmCoastal), has announced that Kroll Bond Rating Agency (KBRA) has raised the Company’s Issuer and Debt ratings from BB+ to BBB-, achieving investmen...
Posted: Jul 22, 2025
The insurer for the actor Justin Baldoni and other executives at his movie studio Wayfarer says its policy does not cover actress Blake Lively’s allegations of sexual harassment during the filming of the movie “It Ends With Us.” Way...
Posted: Jul 22, 2025
Hackers exploited a security flaw in common Microsoft Corp. software to breach governments, businesses and other organizations across the globe and steal sensitive information, according to officials and cybersecurity researchers. Microsoft over the...
Posted: Jul 22, 2025
ACORD Solutions Group (ASG), a provider of digital solutions for the global insurance industry, has launched the ADEPT Dubai Regional Hub. The new hub was announced at the event “Discover the Future of (Re)Insurance in the UAE,” hosted by ASG and...
Posted: Jul 22, 2025
Although the recent deadly flash floods in Texas are estimated to have caused $1.1 billion in damage to residential buildings, Cotality believes the event will likely have a limited impact on primary insurers and reinsurers, due to the region’s lo...
Posted: Jul 22, 2025
This edition of International People Moves details appointments at Willis and Aspen Insurance Holdings. A summary of these new hires follows here. Willis Launches Dedicated Residential Real Estate Team, Led by Palmer, Grainger Willis, a WTW business,...
Posted: Jul 22, 2025
Placing Platform Limited (PPL) has confirmed that June saw a record number of active users on the platform, as clients positioned themselves for the critical renewal period. During June, over 500 users accessed renewal-specific support, with virtu...
Posted: Jul 22, 2025
Hewlett Packard is owed more than 700 million pounds ($944 million) from the estate of the late Mike Lynch and his former business partner over its acquisition of their British software firm Autonomy, a judge at London’s High Court said …
Posted: Jul 22, 2025
Hewlett Packard Enterprise Co. lost around £730 million ($985 million) after it bought Mike Lynch’s firm Autonomy Corp., a London judge ruled less than a year after the British tech tycoon drowned when his yacht sank in a storm off …
Posted: Jul 22, 2025
Allianz Commercial has announced the appointment of Hyeji Kang as the new Chief Financial Officer (CFO) of Allianz Commercial and Allianz Global Corporate & Specialty SE (AGCS), effective October 1st, 2025. In her new role, Kang will report di...
Posted: Jul 22, 2025
Fleming Insurance Holdings, a provider of capital solutions to P&C re/insurers globally, has launched REvolve™, a new comprehensive platform designed to transform retrospective reinsurance. REvolve™ integrates advanced risk evaluation, AI-enha...
Posted: Jul 22, 2025
The Financial Conduct Authority (FCA), the UK’s financial regulator responsible for overseeing the conduct of nearly 50,000 firms, has stated that the recent surge in motor insurance premiums is largely the result of factors outside insurers’ cont...
Posted: Jul 22, 2025
British business leaders are putting a brake on their plans to combat climate change and do not believe the government’s approach to net zero is compatible with growth, a survey of 1,000 executives showed on Tuesday. Both large companies and &#...
Posted: Jul 22, 2025
Howden, the global insurance and reinsurance broking group, has announced the appointment of Saloni Bhandari as Senior Vice President (SVP) – M&A and Co-Head of Transactional Risk. In her new role, Bhandari will focus on warranty & i...
Posted: Jul 22, 2025
Philippine authorities suspended government work and classes in the capital region and dozens of provinces for a third day on Wednesday, warning of continued strong rains that killed at least six people and forced thousands in flooded areas to evacua...
Posted: Jul 22, 2025
Britain plans to ban public sector bodies and operators of critical national infrastructure, including the state-run health service, local councils and schools, from paying ransom demands to cyber criminals, it said on Tuesday. The country has been t...
Posted: Jul 22, 2025
Victor Insurance, a managing general underwriter in collaboration with HSB, a multi-line specialty insurer and part of the reinsurance giant Munich Re, have launched a new offering, Contractors All Risks (CAR) Insurance in the UK, targeting contra...
Posted: Jul 22, 2025
Camp Mystic was the totemic rite of passage for girls from establishment families in the American South: Lyndon Johnson sent his daughters there, Laura Bush worked there as a counselor years before becoming First Lady, and its alumni include the R...
Posted: Jul 22, 2025
This post is part of a series sponsored by AgentSync. The strength of an insurance partnership is about more than good vibes—it’s about the money. A strong partnership delivers real bottom-line value for both parties; a weak one often feels ...
Posted: Jul 22, 2025
W. R. Berkley has disclosed net income for Q2 of 2025 at $401.3 million, up from $371.9 million in Q2 of 2024, while net premiums written grew to a record $3.4 billion. The firm also posted a record net investment income of $379.3 million in Q2 of...
Posted: Jul 22, 2025
Excessive Litigation Causes Surge in Liability Ins...
Posted: Jul 22, 2025
Specialty insurer RLI Corp. has reported underwriting income of $62.2 million, with a combined ratio of 84.5% for the second quarter of 2025, driven by the Property segment, which posted underwriting income of $49.5 million, compared with $53.2 mi...
Posted: Jul 22, 2025
S&P Global Ratings, a credit rating agency, has revised its outlook on the Spanish insurance group Mapfre to positive from stable, reflecting growing confidence in the group’s financial strength and earnings trajectory. The change in outlook f...
Posted: Jul 22, 2025
Novatae Risk Group (Novatae), headquartered in Dallas, Texas, named Anju Arora to the newly created role of vice president of data, business intelligence and innovation. Arora will spearhead Novatae’s data-driven transformation, overseeing busi...
Posted: Jul 22, 2025
Novatae Risk Group (Novatae), headquartered in Dallas, Texas, named Anju Arora to the newly created role of vice president of data, business intelligence and innovation. Arora will spearhead Novatae’s data-driven transformation, overseeing busi...
Posted: Jul 22, 2025
The US private flood insurance market is growing, addressing the nation’s significant gap between economic and insured losses from flood events, which remain largely underinsured despite being one of the costliest perils for homeowners, a recent r...
Posted: Jul 22, 2025
Cincinnati Specialty Underwriters said in a complaint last week that it has no duty to defend or indemnify a Kansas City sports promotion group facing an underlying lawsuit over a mass shooting at a 2024 Super Bowl parade. CSU said …
Posted: Jul 22, 2025
Louisiana last week canceled a $3 billion repair of disappearing Gulf coastline, funded by the 2010 Deepwater Horizon oil spill settlement, scrapping what conservationists called an urgent response to climate change but Gov. Jeff Landry viewed as a t...
Posted: Jul 22, 2025
Louisiana last week canceled a $3 billion repair of disappearing Gulf coastline, funded by the 2010 Deepwater Horizon oil spill settlement, scrapping what conservationists called an urgent response to climate change but Gov. Jeff Landry viewed as a t...
Posted: Jul 22, 2025
President Donald Trump is allowing chemical makers, coal-fired power plants and other facilities to bypass a range of environmental regulations on grounds that the waivers are needed for national security purposes. The plants, which also include taco...
Posted: Jul 22, 2025
The Richardson’s ground squirrel weighs less than a pound, is about a foot long and is native to the northern Plains. The little creature also is a ferocious tunneler, and it’s exasperating the people of Minot, North Dakota, where it̵...
Posted: Jul 22, 2025
AM Best has downgraded the credit ratings of Berking Re Limited, a Bermuda-based reinsurance company, citing concerns over the weakened credit fundamentals and the heightened contagion risk from its parent company, PFY Cayman. Berking Re’s Financi...
Posted: Jul 22, 2025
Davies, a professional services and technology provider for the insurance and regulated markets, has appointed Mike Heard as President of Operations for its North American business. Heard will report to Dhara Patel, CEO of Davies North America, an...
Posted: Jul 22, 2025
A new £2 million academic-industry partnership, led by the University of Edinburgh, alongside insurance group AXA, WMG, the University of Warwick and the University of Oxford, will establish the groundwork for developing insurance for artificial i...
Posted: Jul 22, 2025
W. R. Berkley Corporation, headquartered in Greenwich, Connecticut, named Shadi Albert as president of Vela Insurance Services. He succeeds Arthur G. Davis, who will assume the role of chairman of the business. The appointments are effective immediat...
Posted: Jul 22, 2025
The Georgia General Assembly made no statutory changes to the Workers Compensation Act in 2025. However, effective July 1, 2025, the Georgia State Board of Workers’ Compensation (SBWC) has introduced several important updates to its rules. Thes...
Posted: Jul 22, 2025
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: Jul 22, 2025
One year after American Coastal Insurance went through a regulator-forced shakeup in leadership, the Florida-based carrier’s holding company has received a slight upgrade in its debt rating from KBRA, producing a savings on interest expenses. &...
Posted: Jul 22, 2025
Alaska Air Group Inc. continued to recover on Monday after temporarily grounding its entire fleet due to a data center equipment failure that affected several of the carrier’s key operating systems. Eighty-three Alaska Air flights, or about 9%...
Posted: Jul 22, 2025
Commercial insurer QBE has announced the appointment of Anna Connolly as European Property Product Manager. Based in London, Connolly will join QBE’s European Operations (EO) team on 1st October 2025, reporting to Naintara Agarwal, EO Director of...
Posted: Jul 22, 2025