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Virginia Tech Experts Study Hurricane Preparedness, Offer Open Source Flood Model As th...
Posted: Jul 11, 2025
Insurance Business Magazine - US
Posted: Jul 11, 2025
Insurance Business Magazine - US
Posted: Jul 11, 2025
Insurance Business Magazine - US
Posted: Jul 11, 2025
Four people are presumed dead and 11 others are still missing after a Liberian-flagged cargo ship sank in the Red Sea following an attack by Yemen’s Houthi rebels, a European Union naval mission said Friday. The update from the EU’s ̷...
Posted: Jul 11, 2025
The rebrand includes a refreshed identity and website.
Posted: Jul 11, 2025
Tesla Inc. is aiming to bring its driverless taxis to California and Arizona as the carmaker plots an expansion on the heels of last month’s limited rollout in Austin. Chief Executive Officer Elon Musk predicted on his social media service R...
Posted: Jul 11, 2025
Key questions remain unanswered about the actions Texas officials took both before and during the catastrophic July Fourth holiday floods as a painstaking search for victims continues along the Guadalupe River nearly a week later. Officials have avoi...
Posted: Jul 11, 2025
The U.S. Managing General Agent (MGA) growth once again outpaced the broader property-casualty market, with direct premiums written rising 16% year-over-year to an estimated $114.1 billion, a recent Conning study has revealed. Conning’s late...
Posted: Jul 11, 2025
Regulators in Ohio, a key data center market, ruled that data centers will have to pay for some of their energy requests regardless of whether the electricity ends up being needed. The Public Utilities Commission of Ohio on Wednesday voted …
Posted: Jul 11, 2025
The Trump administration said Thursday that it has opened an investigation into whether a Minnesota state agency’s newly updated affirmative action policy violates civil rights laws. The Minnesota Department of Human Services’ policy requ...
Posted: Jul 11, 2025
Across a wide swath of Texas, the inundated rivers that ravaged communities also tore through farms and ranches. In the town of Bend, about two hours north of Austin, Boyd Clark waded into rising waters to help one of his …
Posted: Jul 11, 2025
Rising geopolitical fragmentation threatens risk diversification while investment yields and demographics offer offsetting opportunities, according to Swiss Re. The post
Posted: Jul 11, 2025
Castle Harbour Insurance, a provider of specialty insurance services, has launched a transactional risk insurance brokerage focused on addressing complex deal-related risks. The new offering is designed to assist clients with structured solutions...
Posted: Jul 11, 2025
The latest people news in the industry today. The post Andrew Pryde Appointed as Group Chief Risk Officer at SiriusPoint Ltd....
Posted: Jul 11, 2025
Oscar Rafeal Ruiz was a busy man in 2023 and 2024, jetting to numerous places, losing his luggage multiple times and filing travel insurance claims of almost $300,000. The problem, North Carolina authorities said, is that most of the claims …
Posted: Jul 11, 2025
The latest people news in the industry today. The post Sarah Downey Promoted to U.S. Professional and Executive Risk Lead...
Posted: Jul 11, 2025
The latest people news in the industry today. The post Paul Primavera Appointed as National Construction Practice Leader at...
Posted: Jul 11, 2025
The latest people news in the industry today. The post Jeff Kaufmann Appointed EVP and Head of Marine at Arch Insurance N...
Posted: Jul 11, 2025
SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed markets, along with its carrier partners Auros Reciprocal Insurance Exchange and Elevate Reciprocal Exchange, has closed the Gateway Re Series 2025-3 catastrophe bond at...
Posted: Jul 11, 2025
Wireless carrier T-Mobile US said on Wednesday it is ending its diversity, equity and inclusion programs, under pressure from the Trump administration as it seeks regulatory approval for two major deals. T-Mobile said in a letter to Federal Communica...
Posted: Jul 11, 2025
The federal Occupational Safety and Health Administration fined a Georgia countertop maker $33,000 for allegedly exposing workers to high levels of silica dust, which causes silicosis and other respiratory ailments. Brazilian Stone Design, in Powder...
Posted: Jul 11, 2025
Businesses operating in the Middle East face a critical time, as rapidly evolving geopolitical and economic dynamics in the region demand an urgent evaluation of their risk strategies, Aon analysts have stated in a recent report. Businesses must t...
Posted: Jul 11, 2025
NEWNAN, Ga. (AP) — A prominent Georgia Republican was running a Ponzi scheme that defrauded 300 investors of at least $140 million, federal officials alleged in a complaint filed Thursday. The civil lawsuit by the U.S. Securities and Exchange Commiss...
Posted: Jul 11, 2025
Arch Insurance North America has appointed Jeff Kaufmann to the newly created role of Executive Vice President (EVP), Head of Marine. He reports to Valerie Turpin, Chief Underwriting Officer, Property. In his new role, Kaufmann will be responsible...
Posted: Jul 11, 2025
States have secured about $720 million in settlements from eight pharmaceutical companies accused of fueling the opioid epidemic. The settlement was achieved as part of a nationwide collaborative effort by state attorneys general. Individual states&#...
Posted: Jul 11, 2025
Trinity Capital, an alternative asset manager, has committed $35 million in growth capital to INSHUR, a global provider of embedded insurance for the booming on-demand economy. This significant investment will accelerate INSHUR’s continued expansi...
Posted: Jul 11, 2025
After Outlook users ran into issues accessing their email accounts late Wednesday and into Thursday, Microsoft says that affected systems are back online. Microsoft 365 first said that it was investigating an issue with Outlook Wednesday night, and l...
Posted: Jul 11, 2025
Zurich Insurance, an insurer with a significant presence in Hong Kong, has named Jim Qin as CEO for its Life and General Insurance businesses in the region. In this expanded role, Qin will oversee both divisions, guiding Zurich’s growth and innova...
Posted: Jul 11, 2025
By segmenting retail brokers into tiers using premium volume, profitability and strategic alignment as factors to define top tiers, carriers can start to win more business, according to a new consulting firm report. The report, How Insurers Can Win M...
Posted: Jul 11, 2025
According to a new peer group credit analysis, sustained underwriting results and investment income made 2024 the second consecutive year of “very strong” property and casualty (P&C) financial performance in a prolonged favourable...
Posted: Jul 11, 2025
This edition of International People Moves details appointments at the broker Consilium and Everest’s International Insurance Operation. A summary of these new hires (and one exit) follows here. Consilium Taps Carpenter’s Coleman for C-Su...
Posted: Jul 11, 2025
A New York state law holding gun manufacturers potentially liable when their weapons are used in deadly shootings was upheld Thursday by a federal appeals court. The ruling Thursday by the 2nd U.S. Circuit Court of Appeals in Manhattan affirmed ̷...
Posted: Jul 11, 2025
Given the low NFIP take-up rates across rural areas, Aon has noted that the recent deadly Texas flooding is not likely to be a major insured industry loss event, though total economic losses may still reach into the billions of USD. As widely repo...
Posted: Jul 11, 2025
Insurance broker Aon plc announced the launch of its Data Center Lifecycle Insurance Program (DCLP), a proprietary multi-line insurance facility designed to help clients manage risk across every stage of data center development and operations. As glo...
Posted: Jul 11, 2025
Re/insurers in the London market remain confident in achieving their full-year targets, supported by rational pricing, improving capital allocation, and investments in AI and private markets — despite ongoing economic and geopolitical uncertainty,...
Posted: Jul 11, 2025
Once used primarily in property matters, forensic accountants are increasingly in demand in the cyber risk and insurance realm. The post The Critical Role of Fo...
Posted: Jul 11, 2025
The cost of insuring commercial ships that sail past Yemen’s Houthi militants surged after the rebels sank two ships and killed sailors this week, underscoring how the attacks have revived risk in the crucial waterway. Shipowners now have to pa...
Posted: Jul 11, 2025
A new report from AXIS Capital Holdings Limited reveals that hail accounts for 55% of the total gross claims related to natural catastrophes and extreme weather for solar photovoltaics (PV) in the US and Canada. AXIS’s Global Energy team has...
Posted: Jul 11, 2025
The Board of the UK flood reinsurance scheme, Flood Re, has appointed Latinka Pilipovic as Chief Financial Officer (CFO) and Board member, effective August 1st, 2025, subject to regulatory approval. Simultaneously, Dan Byrne, the Chief Risk Office...
Posted: Jul 11, 2025
The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions package in an attempt to overcome opposition from some member states, four EU diplomats said. The Commission proposed …
Posted: Jul 11, 2025
In a recent briefing hosted by AM Best, titled “Reinsurance: What Lies Ahead?”, industry leaders gathered to examine the state of the reinsurance market at mid-year 2025 and offer insights into how the rest of the year might unfold. The panel incl...
Posted: Jul 11, 2025
WTW, a global advisory, broking and solutions company, is expanding its Bermuda office with the appointment of Cédric Thibault as Director to its Insurance Consulting and Technology (ICT) business. Thibault joins WTW with two decades of experience...
Posted: Jul 11, 2025
Global insurer and reinsurer, Everest has announced the appointment of Mark Shaw as Chief Commercial Officer for its International Insurance Operation. Shaw will report to Adam Clifford and Jason Keen, Co-Leads of Everest Insurance International®,...
Posted: Jul 11, 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched its High Net Worth (HNW) offering in the UK with the appointment of Benjamin Faerestrand as Household Underwriter. Based in London, Faerestrand will be reporting...
Posted: Jul 11, 2025