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

Insurance Journal

Even before the Central Texas floods that killed more than 100 people, the state was by far the leader in U.S. flood deaths due partly to geography that can funnel rainwater into deadly deluges, according to a study spanning decades. …

Posted: Jul 15, 2025

U.S. Faces More Extreme Weather Events, but Is Our Society Living in the Past?

Carrier Management

U.S. Faces More Extreme Weather Events, but Is Our Society Living in the Past? After dea...

Posted: Jul 15, 2025

U.S. Vehicle Recalls Reach Highest Level in Over a Year

Carrier Management

U.S. Vehicle Recalls Reach Highest Level in Over a Year More than 7.3 million vehicles were recalled be...

Posted: Jul 15, 2025

Complex Mix of Nat Cat Exposures Drive Rising Insurance Costs in Texas: Triple-I

Carrier Management

Complex Mix of Nat Cat Exposures Drive Rising Insurance Costs in Texas: Triple-I...

Posted: Jul 15, 2025

UN Report Urges Stronger Measures to Detect AI Deepfakes

Carrier Management

UN Report Urges Stronger Measures to Detect AI Deepfakes Comp...

Posted: Jul 15, 2025

Nursing Homes Struggle With Trump’s Immigration Crackdown

Carrier Management

Nursing Homes Struggle With Trump’s Immigration Crackdown Nursing homes already struggli...

Posted: Jul 15, 2025

People Moves: WTW Appoints Lockner Strategic Client Advisor to AAIS; WTW Names Thibault ICT Director

Insurance Journal

WTW Appoints Lockner as Strategic Client Advisor to AAIS Team in North America Willis, a WTW business headquartered in London, appointed Cecelia Lockner as senior director, strategic client advisor within the North America alternative asset insurance...

Posted: Jul 15, 2025

Many Ice Cream Producers to Phase Out Artificial Food Dyes by 2028

Insurance Journal

Dozens of U.S. ice cream producers are planning to remove artificial colors from their products by 2028, a dairy industry group and government officials said on Monday. The producers, which together represent more than 90% of ice cream sold in &#8230...

Posted: Jul 15, 2025

MSIG Malaysia appoints Ang Yien Chia as CEO

Reinsurance News

MSIG Insurance (Malaysia) Bhd has announced that Chua Seck Guan, its Chief Executive Officer (CEO) since March 30th, 2010, retired on July 2nd, 2025, after a career spanning 42 years in the insurance industry, including 15 years at the firm. Follo...

Posted: Jul 15, 2025

Afore Acquires Florida’s TailoredRisk Insurance

Insurance Journal

Georgia-based Afore Insurance Services, LLC has acquired Naples, Florida based TailoredRisk Insurance Advisors, LLC. Afore also appointed TailoredRisk’s principal, John Paolini, to the role of executive vice president of its national personal l...

Posted: Jul 15, 2025

Wind Turbine Maker to Pay $10.5M Over Broken Blade Debris on Nantucket Beaches

Insurance Journal

The maker of a massive wind turbine blade that broke apart off Nantucket Island and washed up on beaches for months has agreed to a $10.5 million settlement to pay local businesses for their economic losses, officials said Friday. Fiberglass …

Posted: Jul 15, 2025

World Insurance Acquires Healey & Associates of Maine

Insurance Journal

World Insurance Associates LLC reported that it acquired the business of Healey & Associates of Portland, Maine on May 1, 2025. Terms of the transaction were not disclosed. Healey has been offering employee benefits throughout New England since 1...

Posted: Jul 15, 2025

Post-Mortem Begins of Assisted-Living Fire That Killed 9 in Massachusetts

Insurance Journal

Flames roared through an assisted-living facility in Massachusetts, killing nine people and trapping residents inside, including some who leaned out of windows and screamed for help, authorities said Monday. At least 30 people were hurt. A firefighte...

Posted: Jul 15, 2025

Trucordia Acquires Fuhriman Insurance

Insurance Journal

Trucordia has announced its acquisition of the Fuhriman Insurance business. Based in Boise, Idaho, Fuhriman Insurance offers insurance solutions for auto, home, commercial, life, umbrella, renters, workers compensation, toys and pest control. The acq...

Posted: Jul 15, 2025

Lawsuit Challenges Florida’s Citizens Claims Arbitration by Administrative Judges

Insurance Journal

A Miami homeowner is suing Florida’s Citizens Property Insurance Corp. for forcing him into arbitration over a 2024 damage claim dispute, claiming the process violates due process and equal protection rights. Stainton Williams, 92, contends the...

Posted: Jul 15, 2025

OSHA Cites Florida Missile Manufacturer After Fire Injures Workers

Insurance Journal

The federal Occupational Safety and Health Administration (OSHA) reported that it has cited an Orlando, Florida target-missile manufacturer for exposing workers to fire, burn, and inhalation hazards. Aerojet Rocketdyne was cited with one willful and...

Posted: Jul 15, 2025

Mutual of Omaha Launches Fixed Index Annuity on Penn River Platform

IIR

The insurer says Penn River’s cloud-native system will support faster product rollouts and improved service for policyholders.

Posted: Jul 14, 2025

Unum Group Andrew Appoints Walker Chief Customer Operations Officer

IIR

Andrew Walker has joined Unum Group as chief customer operations officer, bringing experience in operations leadership across multiple industries.

Posted: Jul 14, 2025

PCRB, DCRB Launch WorkComp360 Analytics Platform

IIR

The Pennsylvania and Delaware Compensation Rating Bureaus have introduced WorkComp360, an interactive analytics solution built on Cloverleaf’s platform to help insurers gain insights into workers’ compensation data.

Posted: Jul 14, 2025

ZestyAI Launches ZORRO Discover to Transform Regulatory Research

IIR

ZestyAI has introduced ZORRO Discover, an AI platform that analyzes regulatory filings to help insurers cut research time and costs.

Posted: Jul 14, 2025

A Thought Experiment: Imagine a Zombie Apocalypse

Insurance Thought Leadership

A Thought Experiment: Imagine a Zombie Apocalypse PaulCarroll Mon, 07/14/2025 - 16:42 While on...

Posted: Jul 14, 2025

Liberty Specialty Markets launches crypto protection for financial institutions

coverager

The product is designed for European crypto-asset service providers.

Posted: Jul 14, 2025

Jewelers Mutual acquires personal jewelry business of JIBNA

coverager

JIBNA is a personal jewelry insurance provider.

Posted: Jul 14, 2025

United Risk introduces Thriver

coverager

The unit will begin writing business in the fourth quarter of this year.

Posted: Jul 14, 2025

OneShield Announces Executive Leadership Changes to Accelerate Growth and Drive Innovation

coverager

OneShield announced a strategic evolution of its leadership team to support the company’s next phase of growth and innovation.

Posted: Jul 14, 2025

Resilience announces collaboration with CrowdStrike and AWS

coverager

Resilience provides cyber insurance and technology errors and omissions solutions to enterprise clients backed by A rated capacity partners in the US, UK, and EU.

Posted: Jul 14, 2025

Quility’s Sales Enablement Platform: Switchboard Funnel

coverager

With Switchboard Funnel, agents can automate multiple sales funnels that cover everything from lead nurturing to application status.

Posted: Jul 14, 2025

Stone Point Capital closes tenth fund

coverager

For financial executives tasked with governance, audit readiness, and regulatory compliance, managing Delegation of Authority (DoA) is no longer a background task. It is a core operational risk and a strategic enabler when managed well.

Posted: Jul 14, 2025

People Moves: BMS Appoints Wilson as Director in Canadian Retail Division; WTW Promotes Cousins to H...

Insurance Journal

This edition of International People Moves details appointments at brokers BMS and Willis. A summary of these new hires follows here. BMS Appoints Wilson as Director in Canadian Retail Division BMS, the independent insurance and reinsurance broker, a...

Posted: Jul 14, 2025

US Vehicle Recalls Reach Highest Level in Over a Year

Insurance Journal

More than 7.3 million vehicles were recalled between April and June, according to according to BizzyCar’s Q2 2025 Recall Report. The AI-driven, automated Service Recall Management Platform for auto dealers indicates the sharp rise in U.S. vehic...

Posted: Jul 14, 2025

Missouri Governor Repeals Guaranteed Paid Sick Leave Law

Insurance Journal

Eight months after voters approved it, Missouri Gov. Mike Kehoe signed the repeal of a law Thursday that had guaranteed paid sick leave to workers and inflationary adjustments to the minimum wage. The move marked a major victory for the …

Posted: Jul 14, 2025

MGA Nexus Underwriting’s CEO Rouse Faces Internal Investigation for ‘Offensive’ Email

Insurance Journal

Nexus Underwriting, the London-based managing general agent, is investigating a “wholly inappropriate and offensive ” email sent by CEO Stuart Rouse. “We are aware of an internal email that has been shared externally and contains la...

Posted: Jul 14, 2025

Soft market conditions persist in renewable energy sector due to extra capacity: Willis

Reinsurance News

According to the latest Renewable Energy Market Review by insurance broker Willis, a WTW business, the renewable energy market remains soft due to an oversupply of capacity, which is intensifying competition among insurers and continues to drive p...

Posted: Jul 14, 2025

FEMA Removed Several Camp Mystic Buildings From 100-Year Flood Map, Records Show

Insurance Journal

Federal regulators repeatedly granted appeals to remove Camp Mystic’s buildings from their 100-year flood map, loosening oversight as the camp operated and expanded in a dangerous flood plain in the years before rushing waters swept away childr...

Posted: Jul 14, 2025

Unhealthy Smoke From Canadian Wildfires Blankets Upper Midwest

Insurance Journal

Much of the Upper Midwest on Saturday was dealing with swaths of unhealthy air because of drifting smoke from Canadian wildfires, covering the northern region of the U.S. at a time when people want to be enjoying lakes, trails and …

Posted: Jul 14, 2025

NHTSA Opens Recall Query Into Over 27,000 Polestar 2 Vehicles

Insurance Journal

The U.S. National Highway Traffic Safety Administration said on Friday it had opened a recall query covering 27,816 of Sweden-based EV maker Polestar’s Polestar 2 vehicles over a loss of rear-view camera image. A recall query is an investigatio...

Posted: Jul 14, 2025

Markets/Coverages: HDI Global, Parametric Insurer Descartes Launch EQ Cover in Japan

Insurance Journal

The Japan branch of Germany-based corporate & specialty insurer HDI Global SE, part of Talanx AG, has received regulatory authorization in Japan to offer parametric earthquake insurance. HDI Global collaborated with Paris-based Descartes Underwri...

Posted: Jul 14, 2025

Global insured cat losses could reach $90bn in H1’25, second-highest on record: Jefferies

Reinsurance News

Global insured catastrophe losses in H1 2025 could reach as high as $90 billion, according to Jefferies, making it the second-highest first-half total on record. This projected figure sharply exceeds both the $58 billion recorded in H1 2024 and th...

Posted: Jul 14, 2025

Wildfire Destroys a Historic Grand Canyon Lodge and Other Structures

Insurance Journal

A fast-moving wildfire destroyed a historic lodge and dozens of other structures on the Grand Canyon’s North Rim, forcing officials to close access to that area for the season, the park said Sunday. The Grand Canyon Lodge, the only lodging &#82...

Posted: Jul 14, 2025

Wildfire That Destroyed Historic Grand Canyon Lodge Spread After Being Allowed to Burn for Days

Insurance Journal

A wildfire raging along the Grand Canyon’s North Rim that leveled a historic lodge erupted over the weekend after burning for more than a week, raising scrutiny over the National Park Service’s decision not to aggressively attack the fire...

Posted: Jul 14, 2025

Wildfire Destroyed Historic Grand Canyon Lodge After Being Allowed to Burn

Insurance Journal

A wildfire raging along the Grand Canyon’s North Rim that leveled a historic lodge erupted over the weekend after burning for more than a week, raising scrutiny over the National Park Service’s decision not to aggressively attack the fire...

Posted: Jul 14, 2025

Ships Look to Dodge Red Sea Attacks With ‘All-Crew-Muslim’ Messages

Insurance Journal

Commercial ships still sailing through the Red Sea are broadcasting messages about their nationality and even religion on their public tracking systems to avoid being targeted by Yemen’s Houthis after deadly attacks this week by the militia. Th...

Posted: Jul 14, 2025

L&G completes £800m buy-in with Honda Group, UK Pension Scheme

Reinsurance News

UK insurer Legal & General Assurance Society Limited (L&G) has completed a c.£800 million buy-in with the Honda Group, UK Pension Scheme (the Scheme). This secures the retirement benefits of over 1,700 retirees and over 3,000 deferred memb...

Posted: Jul 14, 2025

Nursing Homes Struggle With Trump’s Immigration Crackdown

Insurance Journal

Nursing homes already struggling to recruit staff are now grappling with President Donald Trump’s attack on one of their few reliable sources of workers: immigration. Facilities for older adults and disabled people are reporting the sporadic lo...

Posted: Jul 14, 2025

Gallagher UK names Sarah Lyons Specialty CEO

Reinsurance News

Gallagher UK has announced the appointment of Sarah Lyons as Specialty CEO, a London-based role. In her new role, Lyons will lead 1400 colleagues in the Specialty division, which support large clients across the globe with their insurance and risk...

Posted: Jul 14, 2025