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Flood Re, a joint initiative between the UK government and insurers designed to make flood cover more affordable for homeowners, has reported a precipitous increase in reinsurance rates and claims costs. “The global cost of reinsurance is incre...
Posted: Jul 21, 2025
Orion180 Insurance, a provider of homeowners and flood insurance coverages, has launched its FLEX Home Insurance product in nine eastern counties of Massachusetts. FLEX provides customizable coverage, allowing homeowners to adjust coverages and deduc...
Posted: Jul 21, 2025
According to Fitch Ratings, a credit rating agency, North American life reinsurance experienced significant growth in 2024, driven by expanding partnerships between insurers and alternative investment managers, increased reliance on offshore reins...
Posted: Jul 21, 2025
A transgender woman has sued Princeton University claiming she was illegally removed shortly before her race in a school-hosted track meet in May due to her gender identity. An attorney for Sadie Schreiner filed the complaint in New Jersey Superior &...
Posted: Jul 21, 2025
Willis, a WTW business, is expanding the capabilities of its Real Estate division with the launch of a dedicated Residential Real Estate Team. Led by Naomi Palmer, Divisional Director, Real Estate Practice and Shaun Grainger, Residential Developme...
Posted: Jul 21, 2025
The report that landed on the desks of Credit Suisse executives was a bombshell: Sanjeev Gupta, a global steel tycoon and one of the bank’s key borrowers, was a “clear participant” in a multi-billion dollar fraud, it claimed. It was...
Posted: Jul 21, 2025
The report that landed on the desks of Credit Suisse executives was a bombshell: Sanjeev Gupta, a global steel tycoon and one of the bank’s key borrowers, was a “clear participant” in a multi-billion dollar fraud, it claimed. It was...
Posted: Jul 21, 2025
ATLANTA (AP) — The family of a homeless man who died after a bulldozer crushed his tent during an encampment sweep sued the city of Atlanta on Friday over his death, calling it “tragic and preventable.” The lawsuit filed by …
Posted: Jul 21, 2025
New Atradius Syndicate 1864 is to start underwriting on January 1st, 2025, following Lloyd’s ‘in principle’ approval. The syndicate will focus on trade credit risks, initially targeting new and existing European clients in the financial industry s...
Posted: Jul 21, 2025
NASHVILLE, Tenn. (AP) — The owner of a factory where six workers died last year in flooding from Hurricane Helene won’t face charges after a Tennessee Bureau of Investigation found no criminal wrongdoing. First Judicial District Attorney Genera...
Posted: Jul 21, 2025
Insurance and reinsurance brokering group Gallagher has launched a new general aviation specialism in Türkiye, expanding its aerospace practice. The new unit team is led jointly by Can Giray and Görkem Rahmioğlu, who bring local knowledge and will...
Posted: Jul 21, 2025
Insurance and reinsurance broking group Gallagher has launched a new general aviation specialism in Türkiye, expanding its aerospace practice. The new unit team is led jointly by Can Giray and Görkem Rahmioğlu, who bring local knowledge and will p...
Posted: Jul 21, 2025
Insurtech financing in Latin America reached $121 million in the first half of 2025, marking a 370% increase compared to the same period last year, according to a report by Digital Insurance LATAM, sponsored by MAPFRE. This figure also surpasses t...
Posted: Jul 21, 2025
Insurance Business Magazine - US
Posted: Jul 21, 2025
Insurance Business Magazine - US
Posted: Jul 21, 2025
Insurance Business Magazine - US
Posted: Jul 21, 2025
Alcor Group, a property insurance underwriter backed by Beat Capital Partners, a subsidiary of Ambac Financial Group, has announced the launch of an Atlanta office, led by Sophie DeCouto, as part of its expansion into the U.S. excess and surplus (...
Posted: Jul 21, 2025
The South Korea-led investigation into Jeju Air’s fatal plane crash in December has “clear evidence” that pilots shut off the less-damaged engine after a bird strike, a source with knowledge of the probe said on Monday. The source s...
Posted: Jul 21, 2025
BroadStreet Partners, an insurance brokerage company, has announced the successful closing of a strategic investment by an investor group led by Ethos Capital, British Columbia Investment Management Corporation (BCI), and White Mountains Insurance...
Posted: Jul 21, 2025
Singapore said on Friday that it was responding to cyberattacks on its critical infrastructure by an espionage group alleged by security experts to be linked to China. “UNC3886 poses a serious threat to us, and has the potential to undermine &#...
Posted: Jul 21, 2025
Jeanette Ward, president and CEO of Texas Mutual Insurance Company, has been elected as one of the insurer members on the National Council on Compensation Insurance 2025 Board of Directors. NCCI provides a comprehensive source for workers’ comp...
Posted: Jul 21, 2025
Canopius Group, a specialty and P&C re/insurer, has announced the promotion of Ben Pinnington to Head of Marine & Energy Treaty, effective 7 July 2025, additionally, Imogen Wright will join the business as Underwriter – Marine & Energy...
Posted: Jul 21, 2025
Jio Financial Services Limited (JFSL) and Allianz Group, through its wholly owned subsidiary, Allianz Europe B.V., have entered into a binding agreement to form a 50:50 domestic reinsurance joint venture, marking entry into the Indian high-growth...
Posted: Jul 21, 2025
Mukesh Ambani’s Jio Financial Services Ltd. agreed to form a reinsurance venture with Allianz SE in India, advancing the billionaire’s quest to broaden his reach in the sector. The 50-50 venture combines Jio’s local digital footprin...
Posted: Jul 21, 2025
Flood Re, the UK government-backed scheme funded by the insurance industry to improve access to affordable flood insurance, has reported a record 20% increase in policies ceded, reaching 346,200 for the year ending 31 March 2025. Now in its tenth...
Posted: Jul 21, 2025
According to a recent report from Willis Towers Watson (WTW), just three out of ten aviation executives believe their current strategies will be sufficient to handle the emerging risks facing the industry over the next decade. The study, which sur...
Posted: Jul 21, 2025
New analysis indicates there were 1,732 publicly reported U.S. data compromises in the first half of 2025—5% ahead of 2024’s pace, according to the Identity Theft Resource Center (ITRC). However, the number of victim notices in H1 2025 (165,745...
Posted: Jul 21, 2025
A small East Texas community is in the final stages of installing a state-of-the-art disaster warning system officials have been working toward for years. Six new sirens will be placed strategically throughout the city of Crockett, about two hours no...
Posted: Jul 21, 2025
Jordan Russell was sworn in recently for his third appointment as Commissioner of the Oklahoma Workers‘ Compensation Commission (OWCC) and as Chair of the Commission. Russell is the longest-serving Commissioner, being first appointed by former...
Posted: Jul 21, 2025
Jordan Russell was sworn in recently for his third appointment as Commissioner of the Oklahoma Workers‘ Compensation Commission (OWCC) and as Chair of the Commission. Russell is the longest-serving Commissioner, being first appointed by former...
Posted: Jul 21, 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Valdean Langenburg as its new Group Chief Information Officer (CIO), while Justin Zaharris has been promoted to Group Chief Claims Officer. The pair will repo...
Posted: Jul 21, 2025
AM Best has downgraded Cowen Reinsurance S.A.’s (Cowen Re) Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb+” (Good) and affirmed its Financial Strength Rating of B++ (Good). The credit rating agency has also maintained the under review wi...
Posted: Jul 21, 2025
A California federal judge ruled on Thursday that three authors suing artificial intelligence startup Anthropic for copyright infringement can represent writers nationwide whose books Anthropic allegedly pirated to train its AI system. U.S. District...
Posted: Jul 21, 2025
While authorities were desperately trying to save people from the deadly Fourth of July floods in Kerr County, Texas, a private drone collided with a search and rescue helicopter and forced it to make an emergency landing, one of the …
Posted: Jul 21, 2025
If wind mitigation and stronger homes are the path to reducing insurance claims and bringing down insurance premiums in hurricane-prone areas, as a growing number of industry experts believe, then homeowners, builders and insurers may want to take a...
Posted: Jul 21, 2025
A federal judge on Friday dismissed U.S. President Donald Trump’s nearly $50 million lawsuit against the journalist Bob Woodward for publishing tapes from interviews for his 2020 best-seller “Rage” as an audiobook. The decision by U...
Posted: Jul 21, 2025
Betty Wehmann joined Alliant Insurance Services as senior vice president within its employee benefits group. She is based in Northern California and has experience in delivering benefits services that support recruitment, retention and long-term cost...
Posted: Jul 21, 2025
A man who was pulled into an MRI machine in New York after he walked into the room wearing a large weight-training chain around his neck has died, according to police and his wife, who told a local television outlet …
Posted: Jul 21, 2025
Los Angeles County is looking for ways to make landlords keep rental units cooler. The Los Angeles County Board of Supervisors last week held an initial hearing on an ordinance to require rental units to maintain indoor temperatures at or …
Posted: Jul 21, 2025
Stonefort Group, a reinsurance specialist headquartered in Luxembourg, has announced the appointment of Dr Peter F. Hugger as Member of the Board of Directors & Executive Advisor. Hugger brings to his new role over three decades of leadership...
Posted: Jul 21, 2025
Washington Insurance Commissioner Patty Kuderer convened her first Artificial Intelligence Advisory Board meeting in Seattle to look at the insurance industry’s use of AI and to get recommendations on policy development, oversight and consumer...
Posted: Jul 20, 2025
By Mingson Lau Lawmakers in Texas, Oklahoma and Nevada have recently approved changes aimed at helping their states dip into the lucrative side of corporate litigation that Delaware, with a specialized court and business-friendly laws, has dominated...
Posted: Jul 20, 2025
Two more property insurers put their toes in the Florida market this summer, bringing to 14 the number of new carriers in the state since 2023. It’s another sign that legislative discouragement of claims litigation has made a difference and ...
Posted: Jul 20, 2025
The U.S. cyber insurance market witnessed a surge in reported claims, reaching a record 33,561 incidents, according to the 2024 NAIC Cyber Insurance Report. This escalation underscores the growing complexity and frequency of cyber threats for busines...
Posted: Jul 20, 2025
As of press time, Texas and the world are watching yet another unprecedented natural catastrophe unfold. More than 100 lives have been lost [edited to included updated number] in this one event and billions of dollars in property have been …
Posted: Jul 20, 2025
We get many calls about valuing small books of business and if it is worth it to do a valuation. The seller may know what he/she wants, and the buyer may not want to spend a lot of money and …
Posted: Jul 20, 2025
On March 14, 2024, I made a blog post titled “Do You Have The Right Kind of Insurance?” The article was initiated by an email I received through my website from a professional photographer who claimed that one of his …
Posted: Jul 20, 2025
In recent years, there has been a surge in mental health awareness across the workers’ compensation landscape. These claims have become a higher priority for insurers, with an estimated one-in-five adults (51.5 million) living with mental illne...
Posted: Jul 20, 2025
Independent agents could be turning away nearly half of their prospective clients. The years of independent agents chasing “standard and preferred” home and auto risks are quickly coming to an end. As the risk landscape evolves, the tradi...
Posted: Jul 20, 2025