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Gold Standard appoints Howden to assess policies for aviation carbon credit scheme

Reinsurance News

Howden, the global insurance and reinsurance broking group, has been appointed by Gold Standard to approve insurance policies that support the eligibility of carbon credits for the Carbon Offsetting and Reduction Scheme for International Aviation...

Posted: Jul 17, 2025

Geography and Driving Behavior Contribute to High Flood Death Rates in Texas

Carrier Management

Geography and Driving Behavior Contribute to High Flood Death Rates in Texas Even before the Cen...

Posted: Jul 17, 2025

Opinion | Brilliant Decency

Risk & Insurance

Let's thank our 2025 Risk All Stars for their brilliance and their decency. The post Opinion | Brilliant Decency appeared first on ...

Posted: Jul 17, 2025

mea Platform and ASG partner to automate insurance underwriting

Reinsurance News

mea Platform, a provider of intelligent insurance processing technologies and ACORD Solutions Group (ASG), an industry-owned provider of next-generation digital solutions, have entered a strategic partnership to accelerate the adoption of automate...

Posted: Jul 17, 2025

Oklahoma Farmer Killed in Water Buffalo Attack, Police Say

Insurance Journal

A farmer in a rural suburb outside of Oklahoma City was fatally attacked by a pair of water buffaloes he purchased at a livestock auction a day earlier, police said. Bradley McMichael, a farmer in the small town of Jones …

Posted: Jul 17, 2025

Markel Insurance names Chelsea Jiang as Managing Director of Greater China

Reinsurance News

Markel Insurance, the insurance division of Markel Group Inc., has appointed Chelsea Jiang as Managing Director of Greater China, reporting to the newly appointed MD of Asia Pacific, Sucheng Chang. Jiang is based in Hong Kong and will oversee Mark...

Posted: Jul 17, 2025

Arch Insurance promotes Chris Fairs as Head of Agency Management, AMAL

Reinsurance News

Arch Insurance International, a part of the global Arch Capital Group and a provider of specialty insurance solutions across multiple lines, has promoted Chris Fairs to Head of Agency Management at Arch Managing Agency Limited (AMAL), effective im...

Posted: Jul 17, 2025

Air India Junior Pilot Asked Captain Why He Turned Off Fuel Switches

Insurance Journal

A cockpit voice recording of doomed Air India Flight 171 indicates the younger co-pilot asked his more experienced colleague why he turned off the plane’s fuel-supply switches, according to people familiar with the matter. The information, from...

Posted: Jul 17, 2025

Willis and UEA partner to enhance wildfire risk understanding for insurers

Reinsurance News

Willis, a WTW business, has announced a new collaboration with the University of East Anglia (UEA) to deepen understanding of global wildfire risk in response to escalating global threats. This partnership aims to provide reliable scientific insig...

Posted: Jul 17, 2025

People Moves: Hotchkiss Adds Three Partners

Insurance Journal

Hotchkiss Insurance, headquartered in Dallas, Texas, recently added three new partners: Riley Dearing, Jessica Goehring and Heather Etheredge. Dearing leads the West Texas region for the Hotchkiss Benefits Division. He gained experience across multip...

Posted: Jul 17, 2025

Insurance rates continue to climb in Q2’25, according to Novatae Risk Group

Reinsurance News

Insurance rates across the US continued their upward trend in the second quarter of 2025, according to new data released by MarketScout, a national insurance distribution and underwriting company, in collaboration with Novatae Risk Group, a specia...

Posted: Jul 17, 2025

Camp Mystic Leader May Not Have Seen Alert Before Flood, Family Spokesman Says

Insurance Journal

The leader of Camp Mystic had been tracking the weather before the deadly Texas floods, but it is now unclear whether he saw an urgent warning from the National Weather Service that had triggered an emergency alert to phones in …

Posted: Jul 17, 2025

Warburg Pincus to acquire a majority stake in insurance broker Keystone

Reinsurance News

Keystone, an insurance broker and agency network, announced that growth investor Warburg Pincus, will acquire a majority stake in the company. The private transaction’s financial details were not disclosed. According to the announcement, Bain Capi...

Posted: Jul 17, 2025

How Hot Can It Get? Scientists Are Struggling to Find an Answer

Insurance Journal

How hot can a heat wave really get? Before June 2021, scientists thought they knew. That’s when one of the most extreme heat spikes ever observed hit western North America, leaving at least 1,400 people dead. Lytton, British Columbia, smashed &...

Posted: Jul 17, 2025

People Moves: Guy Carpenter Promotes Hakes as Global Head of Marine, Energy, and Technical Lines; Mo...

Insurance Journal

This edition of International People Moves details appointments at Guy Carpenter and Moody’s Ratings. A summary of these new hires follows here. Guy Carpenter Promotes Hakes as Global Head of Marine, Energy, and Technical Lines Guy Carpenter, t...

Posted: Jul 17, 2025

Insurance Supervisors’ Group Seeks Collaboration to Cover Disaster Losses

Insurance Journal

Collaboration between the public and private sectors, beyond just insurance, is essential to narrowing the so-called protection gap, as losses from natural disasters increase, said the head of a global insurance supervisors’ organization. The p...

Posted: Jul 17, 2025

Trade Credit Specialist Coface Gets Nod From Lloyd’s to Launch Syndicate

Insurance Journal

Coface, the Paris-based trade credit risk management specialist, announced it has received an “in principle approval” from Lloyd’s to launch a short-term trade credit syndicate. The syndicate – Coface Lloyd’s Syndicate 2546 –...

Posted: Jul 17, 2025

Trump Administration Sued by States for Cutting Disaster Prevention Grants

Insurance Journal

A group of 20 mostly Democrat-led U.S. states filed a lawsuit on Wednesday seeking to block the Trump administration from terminating a multibillion-dollar grant program that funds infrastructure upgrades to protect against natural disasters. The law...

Posted: Jul 17, 2025

Afore Buys TailoredRisk Insurance in Naples, Elevates Paolini

Insurance Journal

Afore Insurance Services, an Atlanta-area-based insurance brokerage, has acquired TailoredRisk Insurance Advisors of Naples, Florida. TailoredRisk founding principal John Paolini was named executive vice president for the national personal lines divi...

Posted: Jul 17, 2025

DeSantis Names Ingoglia CFO. Tough Talk, Mixed Voting Record on Property Insurance

Insurance Journal

The Florida Department of Financial Services, without a department head since April – after Jimmy Patronis was elected to Congress – has a new chief financial officer in the form of Blaise Ingoglia, a millionaire home builder and recent state …

Posted: Jul 17, 2025

DeSantis Names Ingoglia CFO; Tough Talk, Mixed Voting Record on Property Insurance

Insurance Journal

The Florida Department of Financial Services, without a department head since April – after Jimmy Patronis was elected to Congress – has a new chief financial officer in the form of Blaise Ingoglia, a millionaire home builder and recent state …

Posted: Jul 17, 2025

LMA welcomes UK Gov’s financial services strategy, says Arabella Ramage

Reinsurance News

The Lloyd’s Market Association (LMA) welcomes the UK Government’s Financial Services Growth and Competitiveness Strategy, which recognises the insurance sector’s importance, specifically the role of Lloyd’s of London, according to Arab...

Posted: Jul 17, 2025

Trucordia Acquires Vegas Valley Benefit Plans in Nevada

Insurance Journal

Trucordia has acquired the business of Vegas Valley Benefit Plans. Vegas Valley Benefit Plans is a provider of employee benefits and insurance services based in Las Vegas, Nevada. Trucordia is the group name for an insurance brokerage headquartered i...

Posted: Jul 17, 2025

People Moves: Liberty Company Insurance Brokers Launch Liberty Naranjo; King Joins Alliant’s Employe...

Insurance Journal

The Liberty Company Insurance Brokers launched a new Northern California, San Francisco Bay Area office, Liberty Naranjo, led by managing partners and brothers, Jonathan and Michael Naranjo. Liberty Naranjo will serve as an employee benefits and prop...

Posted: Jul 17, 2025

Trial Against Meta Over Facebook Privacy Violations Begins

Insurance Journal

An $8 billion class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former — begins Wednesday, with claims stemming from the 2018 privacy scandal involving the Cambridge Analytica political consultin...

Posted: Jul 17, 2025

Meta Investors, Zuckerberg Reach Settlement to End $8B Privacy Litigation Trial

Insurance Journal

Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion for the damage they allegedly caused the company by allowing repeated violations of Facebook users’ privacy,...

Posted: Jul 17, 2025

Fans Injured at Game When Railing Collapsed Settle Claims With Washington Commanders

Insurance Journal

Four fans who were injured at a Washington Commanders NFL game in 2022 when a railing in the stadium collapsed have settled their negligence claims against the team. The confidential settlement comes after a federal appeals court last October found &...

Posted: Jul 17, 2025

Fans Injured When Stadium Railing Collapsed Settle With Washington Commanders

Insurance Journal

Four fans who were injured at a Washington Commanders NFL game in 2022 when a railing in the stadium collapsed have settled their negligence claims against the team. The confidential settlement comes after a federal appeals court last October found &...

Posted: Jul 17, 2025

United Natural Foods Projects Up to $400 Million Sales Hit After Cyber Breach

Insurance Journal

Providence, Rhode Island-headquartered United Natural Foods on Wednesday flagged about $350 million to $400 million hit to its fiscal 2025 net sales from an unauthorized activity on its internal networks. The grocery distributor took certain systems...

Posted: Jul 17, 2025

Pennsylvania Regulator Has Nixed $200M in P/C Insurance Rate Hikes in First 6 Months

Insurance Journal

The Pennsylvania Insurance Department (PID) reported that its actuaries denied $210.1 million in requested property/casualty (P/C) insurance premium increases in the first six months of 2025, which is more than was saved in all of 2024. Under the sta...

Posted: Jul 17, 2025

PE Firm Warburg Pincus Acquires Majority Stake in Keystone Agency Partners

Insurance Journal

Insurance broker and agency network Keystone Agency Partners (Keystone), announced that the private equity firm Warburg Pincus will acquire a majority stake in the company. Financial details of the transaction were not disclosed. Keystone Agency Part...

Posted: Jul 17, 2025

Deadly Massachusetts Fire Highlights Assisted-Living Regulation, Staffing

Insurance Journal

The Massachusetts assisted-living facility where a fatal fire killed nine people was caring for dozens of aging residents reliant on wheelchairs and oxygen tanks, but it lacked the safety measures and most of the staffing requirements that are common...

Posted: Jul 17, 2025

Judge allows Aon's patent lawsuit against ZestyAI to proceed

coverager

Addition Wealth, the fintech company making personalized financial expertise inclusive and accessible for employees and individuals, today announced its B2B financial wellness platform for large enterprises. The AI-powered, fully customizable...

Posted: Jul 16, 2025

Verisk to Acquire SuranceBay for $162.5 Million

IIR

The acquisition adds SuranceBay’s onboarding and compliance tools to Verisk’s FAST platform to improve efficiency across the life and annuity insurance distribution chain.

Posted: Jul 16, 2025

Squalify Expands to U.S. With First Major Customer

IIR

The Munich-based cyber risk platform adds new capabilities to help U.S. organizations quantify technical threats in financial terms and support executive decision-making.

Posted: Jul 16, 2025

ACORD Solutions Group Launches Digital Exchange Hub for North American Reinsurance

IIR

The new ADEPT hub offers free digital transactions to carriers and brokers to accelerate data standardization across the (re)insurance market.

Posted: Jul 16, 2025

Florida Lawsuit Over Student Death While Stargazing Focuses on Tesla’s Autopilot System

Carrier Management

Florida Lawsuit Over Student Death While Stargazing Focuses on Tesla’s Autopilot System A rare trial ag...

Posted: Jul 16, 2025

States Sue Trump Administration for Cutting Disaster Prevention Grants

Carrier Management

States Sue Trump Administration for Cutting Disaster Prevention Grants A group of 20 mostly Democrat-led...

Posted: Jul 16, 2025

OSHA Announces Penalty Reductions Can Be Offered to More Small Businesses

Carrier Management

OSHA Announces Penalty Reductions Can Be Offered to More Small Businesses In an updated guidance that we...

Posted: Jul 16, 2025

AIG appoints John Neal as President

coverager

Neal was formerly the CEO of Lloyd’s of London.

Posted: Jul 16, 2025

Progressive reports 86.6% CR for June

coverager

The insurer ended the month with a combined ratio of 86.6% and net income of $1.1 billion.

Posted: Jul 16, 2025

Quandri raises $12 million

coverager

Quandri offers a renewal intelligence software that streamlines tasks and identifies actionable policy insights.

Posted: Jul 16, 2025

Retirable raises $10 million

coverager

The NY-based startup offers products and services across the retirement investing, planning and spending spectrum.

Posted: Jul 16, 2025

Warburg Pincus to acquire majority stake in Keystone Agency Partners

coverager

No longer alone at the desk late at night, The human adjuster now works with insight. AI handles the checklists and never complains, While humans apply wisdom, nuance, and brains.

Posted: Jul 16, 2025