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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
After deadly flooding in central Texas in 1987, some thought they’d proven they could handle Mother Nature’s best punch. Then came this month’s horrific flash floods, when unfathomable amounts of rain fell in only hours and more tha...
Posted: Jul 11, 2025
The team of hurricane researchers at Colorado State University shaved off a storm from its original Atlantic hurricane season forecast, and now sees a “slightly” above normal season. High levels of observed Caribbean wind shear, which bre...
Posted: Jul 11, 2025
Montse Aguilar was a healthy 51-year-old woman when she started her shift cleaning streets in Barcelona at around 2:30 p.m. on June 28. The Spanish city was under alert for high temperatures amid a brutal heat wave that brought record …
Posted: Jul 11, 2025
Arch Insurance North America said five of its executives were named to the newly-created roles of division presidents, effective Aug. 1. Linda Fallon has been named Division President, Consumer Business, which includes the Travel, Accident & Heal...
Posted: Jul 11, 2025
Allianz Commercial, an insurance and financial services provider, has announced two permanent leadership appointments within its UK commercial division. These changes, effective immediately, strengthen the company’s focus on delivering high-qualit...
Posted: Jul 11, 2025
A new Pennsylvania law intended to crack down on AI-powered fraud and financial crimes makes it a felony to use artificial intelligence to produce non-consensual “forged digital likenesses” like deepfakes or voice clones to injure, financ...
Posted: Jul 11, 2025
The Silicon Valley venture capital firm Andreessen Horowitz is reincorporating its business from Delaware to Nevada and calling for its portfolio companies to do the same — citing concerns over bias in the state “against founders and their boar...
Posted: Jul 11, 2025
The Delaware Supreme Court rejected the legitimacy of expert testimony linking the heartburn drug Zantac to cancer, in a major win for makers of the product. In a unanimous ruling Thursday, the state’s highest court agreed with the argument of...
Posted: Jul 11, 2025
Philadelphia-based law firm Dechert said on Thursday that a pair of U.S. lawsuits accusing it of using hired hackers to win in court have been resolved without any admission of liability. Dechert and others, including U.S. public relations operatives...
Posted: Jul 11, 2025
The UK’s National Crime Agency has arrested four people over a series of disruptive cyberattacks that targeted leading British retailers earlier this year. The authorities detained three teenage males and one 20-year-old female in the West Midl...
Posted: Jul 11, 2025
Philadelphia-based law firm Dechert said on Thursday that a pair of U.S. lawsuits accusing it of using hired hackers to win in court have been resolved without any admission of liability. Dechert and others, including U.S. public relations operatives...
Posted: Jul 11, 2025
The mountain village of Ruidoso returned to the grim rituals of rebuilding after flash flooding and a deadly natural disaster, just one year after wildfire and intense flooding reshaped the popular vacation getaway and its surroundings. Broken tree l...
Posted: Jul 11, 2025
Rosenberg & Parker (R&P), headquartered in Wayne, Pennsylvania, named three new partners who join CEO Matt Rosenberg and Sr. Partner Chad Rosenberg as owners. New partner President Jack Rosenberg joined R&P as a producer in 2018 after beg...
Posted: Jul 11, 2025
The Nevada Department of Business named Ned Gaines acting commissioner at the Nevada Division of Insurance. The appointment follows the departure of Scott Kipper, who had served as commissioner since 2023. Recruitment to fill the position on a perman...
Posted: Jul 11, 2025
Rosenberg & Parker (R&P), headquartered in Wayne, Pennsylvania, named three new partners who join CEO Matt Rosenberg and Sr. Partner Chad Rosenberg as owners. New partner President Jack Rosenberg joined R&P as a producer in 2018 after beg...
Posted: Jul 11, 2025
The mountain village of Ruidoso returned to the grim rituals of rebuilding after flash flooding and a deadly natural disaster, just one year after wildfire and intense flooding reshaped the popular vacation getaway and its surroundings. Broken tree l...
Posted: Jul 11, 2025
Glastonbury, Connecticut-based Smith Brothers Insurance LLC announced that it acquired Charter Oak Agency effective July 1, 2025. Charter Oak Agency, an independent insurance agency with offices in Westport and Derby, Connecticut, will retain these l...
Posted: Jul 11, 2025
A company has entered into a settlement agreement with the U.S. Environmental Protection Agency to conduct a cleanup in the wake of a lithium-ion battery fire that occurred at the company’s energy storage facility in San Diego, California. A fi...
Posted: Jul 11, 2025
Politics Surrounding Texas Flooding Underscore Challenges in Replacing FEMA Just weeks ago, President D...
Posted: Jul 10, 2025
Insurance Business Magazine - US
Posted: Jul 10, 2025
CSU Issues Slight Downgrade in Atlantic Hurricane Season Forecast Weather resear...
Posted: Jul 10, 2025
Tesla to Expand Robotaxis to San Francisco Within Two Months Tesla w...
Posted: Jul 10, 2025
AI-Driven MGA ‘Augmented UW’ Launches to Serve Smart-Follow Insurance Market Augmented UW Ltd., the AI-drive...
Posted: Jul 10, 2025
The state becomes the 19th to authorize the AI platform’s severe convective storm suite designed to help insurers improve underwriting and pricing accuracy.
Posted: Jul 10, 2025
Jason Bishara of NSI Insurance Group says insurers and distributors face new opportunities as technology enables tailored Directors and Officers coverage for small businesses historically underinsured due to complexity and cost.
Posted: Jul 10, 2025
Previsico’s Jonathan Jackson discusses how precision flood forecasting offers insurers new tools for risk mitigation, claims reduction, and customer protection.
Posted: Jul 10, 2025
Jason Bishara of NSI Insurance Group says insurers and distributors face new opportunities as technology enables tailored Directors and Officers coverage for small businesses historically underinsured due to complexity and cost.
Posted: Jul 10, 2025
There is no excerpt because this is a protected post. The post Protected: Wide-Ranging Risks appeared first on Risk & Insuranc...
Posted: Jul 10, 2025
Cindy Manley was a summer camp counselor in 1987 when a different devastating flood scarred the Texas Hill Country. The Heart O’ the Hills camp is on the Guadalupe River, where a massive search continues for more than 160 people …
Posted: Jul 10, 2025
Nebraska Attorney General Mike Hilgers filed a lawsuit this week alleging General Motors and its telematics service provider OnStar collected driving data without consumers’ knowledge or consent to create driving scores that were later sold to...
Posted: Jul 10, 2025
Michigan Attorney General Dana Nessel announced a $4.5 million settlement with six Detroit-area nursing homes and their ownership companies, Villa Financial Services LLC and Villa Olympia Investment LLC, over allegations that they accepted taxpayer f...
Posted: Jul 10, 2025
Fitch has released its Peer Credit Analysis for Bermuda/US re/insurers, revealing that all companies maintained underwriting profitability in 2024, despite increases in combined ratios due to higher catastrophe losses. The peer group includes Arch...
Posted: Jul 10, 2025
Global claims services provider McLarens has appointed Danny Miller as Chief Global Strategy Officer (CGSO), a newly created role within the firm’s Global Management Team (GMT). This strategic addition to the leadership team reflects McLarens&#...
Posted: Jul 10, 2025
Carpe Data analysis shows continuous monitoring uncovers fraudulent activity in 8% of injury claims that internal systems failed to flag. The post
Posted: Jul 10, 2025
Arch Insurance North America has appointed five of its well-established executives to the newly created roles of Division Presidents, effective August 1st, 2025. Linda Fallon has been named Division President of Consumer Business, which includes t...
Posted: Jul 10, 2025