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Old Republic Surety Goes High-Tech with Pittsburgh Pirates Video Project

Insurance Journal

This post is part of a series sponsored by Old Republic Surety. A major league ballpark can be a feast for the senses, from colorful fan gear to a tasty barbecue sandwich. There’s always plenty of action down on the …

Posted: Jul 14, 2025

US hurricane losses could soar 50% in warming climate, MS Amlin study finds

Reinsurance News

Insured losses from US hurricanes could increase by nearly 50% if global temperatures rise by 2°C, MS Amlin, the Lloyd’s re/insurer, warns in its recently launched peer-reviewed study published in the Journal of Catastrophe Risk and Resilience. Ac...

Posted: Jul 14, 2025

Broussard to serve as a Director on Marsh McLennan’s Board

Reinsurance News

The Board of Directors of Marsh McLennan, a global insurance and reinsurance brokerage firm, has appointed Bruce Broussard as a Director, effective immediately. His appointment brings the total number of directors on the Board to 12. Broussard has...

Posted: Jul 14, 2025

Continued profitable growth for Hannover Re amid evolving risk landscape: CEO Jungsthöfel

Reinsurance News

Clemens Jungsthöfel, who took over as CEO of Hannover Re from Jean-Jacques Henchoz in early April, has outline his vision for the company’s future in a recent interview with Börsen-Zeitung, emphasizing continued profitable growth by leveraging its...

Posted: Jul 14, 2025

Search for Victims Resumes in Texas Floods After Severe Weather Halts Operations

Insurance Journal

Crews on Monday were expected to resume looking for victims of catastrophic flooding in Texas that killed at least 132 people after more heavy rains temporarily paused their search and rescue operations. Those efforts along the Guadalupe River were h...

Posted: Jul 14, 2025

GOP Lawmakers Press Trump to Speed Review of Chinese-Made Drones

Insurance Journal

Key House lawmakers are pressing the Trump administration to accelerate a congressionally mandated review of Chinese-made drones ahead of a potential US ban of the technologies later this year. Three House Republicans influential on national security...

Posted: Jul 14, 2025

FEMA Flood Maps Often Miss Flash Flood Risks, Leaving Homeowners Unprepared

Insurance Journal

Deadly and destructive flash flooding in Texas and several other states in July 2025 is raising questions about the nation’s flood maps and their ability to ensure that communities and homeowners can prepare for rising risks. The same region of...

Posted: Jul 14, 2025

Florida Meteorologist Predicts Where the Next Hurricane Will Hit, For a Price

Insurance Journal

Colorado State University’s hurricane research team, perhaps the best-known and most-often quoted forecasting service, last week revised its prediction for the 2025 Atlantic hurricane season downward slightly – to eight hurricanes, three of the...

Posted: Jul 14, 2025

Report Shows Excessive Heat Pushes Worker Injury Risk Sky High

Insurance Journal

It may come as no surprise that heat-related worker injury claims rise on hot days, but the magnitude of the increase is an eye-opener. As temperatures skyrocketed during early summer heat waves across the United States, the Workers Compensation Rese...

Posted: Jul 14, 2025

Flash Floods Once Again Hit Vermont, Damaging Homes and Roads

Insurance Journal

Communities in rural parts of Vermont on Friday woke up once again to damaged homes and washed-out roads due to heavy rainfall and flash flooding, making it the third consecutive summer that severe floods have inundated parts of the state. …

Posted: Jul 14, 2025

People Moves: Victor Names Damico President of Torrent; Alliant Hires Blake as Employee Benefits SVP

Insurance Journal

Victor appoints Damico President of Torrent Victor Insurance named Mark Damico president and chief operating officer of Torrent Technologies, Victor’s flood insurance technology and services business in the U.S. The appointment is effective Jul...

Posted: Jul 14, 2025

Trump Administration Targets George Mason University in Anti-DEI Campaign

Insurance Journal

The Trump administration last Thursday opened a civil rights investigation into the hiring practices at George Mason University, expanding a national campaign against diversity policies to Virginia’s largest public university. The Education Dep...

Posted: Jul 14, 2025

California Schools Facing Billion-Dollar Sex Abuse Payouts ‘Untenable’

Insurance Journal

When Samantha Muñoz was a second grader at Fancher Creek Elementary in Clovis, her teacher told her she “wasn’t that bright” and needed extra help with schoolwork. He’d make her stay in the classroom at recess, or tell her to...

Posted: Jul 14, 2025

DuPont Agrees to $27M Settlement in Polluted Water Lawsuit in Upstate New York

Insurance Journal

HOOSICK FALLS, N.Y. (AP) — Chemical maker DuPont has agreed to a $27 million settlement to resolve a nearly decade-long lawsuit over the contamination of an upstate New York village’s water supply. The deal was announced Wednesday by lawyers re...

Posted: Jul 14, 2025

Tax Hike on Litigation Funders Did Not Make Final Budget Bill

Carrier Management

Tax Hike on Litigation Funders Did Not Make Final Budget Bill When Trump's huge tax bill was signed into law Jul...

Posted: Jul 13, 2025

Zurich Australia secures naming rights to Perth skyscraper

coverager

The landmark building offers premium amenities and will serve as a new hub for Zurich’s WA operations.

Posted: Jul 13, 2025

RiverStone International names Paul Brockman as incoming CEO

coverager

His appointment is effective January 2026, pending regulatory approval.

Posted: Jul 13, 2025

PURE expands home coverage

coverager

Coverage is now available in 20 states, including California, Florida, and New York.

Posted: Jul 13, 2025

Patra appoints Pratap Sarker as CEO

coverager

Founder John Simpson becomes chairman.

Posted: Jul 13, 2025

Mutual of Omaha taps Penn River to launch new annuity

coverager

Mutual of Omaha plans to migrate additional annuity and life products to the Penn River platform.

Posted: Jul 13, 2025

Voya Investment Management announces leadership changes

coverager

The changes reflect Voya’s efforts to transition leadership and build long-term growth under a unified investment structure.

Posted: Jul 13, 2025

Canal Insurance Names Stachura Chief Claims Officer

IIR

Paul Stachura, who brings experience in commercial auto claims, joins Canal Insurance Company as vice president and chief claims officer.

Posted: Jul 13, 2025

Why Insurance AI Projects Fail

IIR

Four steps insurers can take to make their data AI-ready to ensure project success.

Posted: Jul 13, 2025

Ascot U.S. Deploys Guidewire ClaimCenter for Claims Modernization

IIR

Ascot U.S. has implemented Guidewire ClaimCenter on Guidewire Cloud Platform to modernize its claims operations, supported by Cognizant’s consulting services.

Posted: Jul 13, 2025

Triple-I: Texas Home Insurance Market Impacted by Complex Mix of Natural Catastrophe Exposures

Insurance Information Institute

For Immediate Release Media Contact: Mark Friedlander 904-806-7813 [email protected]   MALVERN, Pa., July 14, 2025 – The Insurance Information Institute (Triple-I) today published an analysis of the property/casualty insurance landscape in Texas, reveali...

Posted: Jul 13, 2025

From Comorbidities to Catastrophes: Breaking Down Complex Claims for Older Workers

Risk & Insurance

Workers age 55-plus are staying in the workforce longer. When injuries occur, claims can become complex for this demographic.  The post

Posted: Jul 13, 2025

SageSure and Auros close $100 million cat bond

coverager

Swiss Re Capital Markets served as the sole structuring agent and bookrunner.

Posted: Jul 12, 2025

World Insurance acquires Healey & Associates

coverager

World Insurance Associates (World) is a nationally ranked financial services organization headquartered in Iselin, NJ.

Posted: Jul 12, 2025

Vermont Captives Are Thriving — And International Businesses Are Taking Notice

Risk & Insurance

IHG Hotels & Resorts has long housed its captives in Vermont.   The post Vermont Captives Are Thriving — And Internati...

Posted: Jul 12, 2025

Why Vermont Is Becoming the Ultimate Launchpad for Captive Insurance Talent

Risk & Insurance

As the hub of captive insurance in the U.S., Vermont abounds with career opportunities. The post Why Vermont Is Becoming the Ultimate Launchpad for Captive Insurance Talent...

Posted: Jul 12, 2025

LAUSD: A Success Story in Public Entity Captive Formation 

Risk & Insurance

The Los Angeles Unified School District domiciled its captive in Vermont last summer. Now, one year later, the team looks back at what it will take for other large public entities to follow in its successful footsteps.   The post

Posted: Jul 12, 2025

Vermont’s Captive Powerhouse Turns 40 — and It’s Just Getting Started

Risk & Insurance

The Vermont Captive Insurance Association reflects on some of the organization’s biggest accomplishments and looks to the future. The post Vermont’s Captive Powerhouse Turns 40 — an...

Posted: Jul 12, 2025

Sumitomo Life commits $900 million to Symetra

coverager

This follows a $650 million capital infusion in 2024 for annuity growth, bringing Sumitomo’s total investment in Symetra to $1.55 billion.

Posted: Jul 11, 2025

The Hanover expands workers’ comp onboarding for mid-sized clients

coverager

These updates were previously reserved for large account.

Posted: Jul 11, 2025

WCF Insurance to restructure as mutual holding company

coverager

WCF Insurance is a commercial insurance provider that serves the Western United States.

Posted: Jul 11, 2025

Officials Estimate 200+ Homes Damaged After Deadly New Mexico Flood

Carrier Management

Officials Estimate 200+ Homes Damaged After Deadly New Mexico Flood At least 200 homes were damaged d...

Posted: Jul 11, 2025

International Business Group Says US Tariff Rate May Rise Above 20%

Carrier Management

International Business Group Says US Tariff Rate May Rise Above 20% U.S. consumers face an effective U.S. tariff...

Posted: Jul 11, 2025

Virginia Tech Experts Study Hurricane Preparedness, Offer Open Source Flood Model

Carrier Management

Virginia Tech Experts Study Hurricane Preparedness, Offer Open Source Flood Model As th...

Posted: Jul 11, 2025