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New York Workers’ Comp Board to Require Video for All Testifying in Virtual Hearings

Insurance Journal

Beginning February 2, 2026, all claimants and lay witnesses testifying in virtual hearings before the New York State Workers’ Compensation Board will be required to appear and testify by video with their faces fully visible on screen, and not j...

Posted: Dec 09, 2025

Strengthen Oklahoma Homes Grant Program Completes 100th Home

Insurance Journal

The Oklahoma Insurance Department (OID) announced the completion of the 100th home through its OKReady, Strengthen Oklahoma Homes (SOH) Program, a significant achievement in the state’s ongoing efforts to build stronger, safer, and more resilie...

Posted: Dec 09, 2025

Jury Finds Agent Guilty of Twice Misappropriating Client’s Insurance Funds

Insurance Journal

A Baltimore County jury has found Michael C. Okolo, of Parkville, Maryland, guilty of two counts of insurance fraud and one count of obstruction of justice. According to Maryland Attorney General Anthony G. Brown Okolo was found to have twice …

Posted: Dec 09, 2025

A&E Reserves Continue Steady Decline, Even As Asbestos Losses Surge for Second Consecutive Year

Risk & Insurance

Despite steady reserve declines over a decade, concentrated asbestos losses among major insurers are pressuring the industry's $146 billion ultimate A&E exposure, AM Best reports. The post

Posted: Dec 09, 2025

Nearly two-thirds of organisations to increase cybersecurity investments in 2026: Marsh

Reinsurance News

Nearly two-thirds (66%) of organisations worldwide plan to increase their cybersecurity investments in the coming year amid today’s evolving threat landscape, according to new research by Marsh, an insurance broker, risk advisor, and business of M...

Posted: Dec 09, 2025

Trump Ban on Wind Energy Projects Ruled Illegal by Federal Judge

Insurance Journal

Less than a year after President Donald Trump banned new wind projects, a federal judge ruled the president’s executive order was illegal. US District Judge Patti Saris said Monday the order is “arbitrary and capricious and contrary to la...

Posted: Dec 09, 2025

November Ivans Index reveals workers’ comp renewal rates decrease, major commercial lines up

Reinsurance News

Ivans, a division of Applied Systems, has released the November 2025 results of the Ivans Index, showing that average premium renewal rates increased year over year for Commercial Auto, Business Owner’s Policy (BOP), General Liability, Comme...

Posted: Dec 09, 2025

People Moves: Chubb Overseas General Insurance Promotes Shead to Head of Property; QBE Taps AIG’s Sm...

Insurance Journal

This edition of International People Moves details appointments at Chubb and QBE. A summary of these new hires follows here. Chubb Promotes Shead to Head of Property, Overseas General Insurance Chubb announced that Aaron Shead has been appointed to e...

Posted: Dec 09, 2025

Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Launch

Insurance Journal

Four surety companies—Chubb, The Hartford, Liberty Mutual and Travelers—announced the launch of a technology company that will feature a shared digital infrastructure to advance the surety industry. According to a brief media statement, the formation...

Posted: Dec 09, 2025

Fidelis backed Navium Marine launches satellite pre-launch consortium at Lloyd’s

Reinsurance News

Navium Marine, a marine-focused specialty managing general agent (MGA) operating through The Fidelis Partnership’s Pine Walk platform, has launched Constellation Consortium, the largest satellite pre-launch consortium in the Lloyd’s market. The co...

Posted: Dec 09, 2025

National Council of Insurance Legislators Adopts Louisiana Anti-Fraud Law as New Model

Insurance Journal

A Louisiana anti-fraud law will serve as the new national model for fighting insurance fraud. The National Council of Insurance Legislators (NCOIL) has adopted Louisiana‘s amended insurance fraud law as its new national benchmark, the Louisiana...

Posted: Dec 09, 2025

Zhuang Qianzhi approved as new Chairman of China Re’s Board

Reinsurance News

China Reinsurance (Group) Corporation (China Re) has announced that it received approval from the National Financial Regulatory Administration for the qualification of Zhuang Qianzhi as chairman of the Board of Directors on 8 December 2025. This f...

Posted: Dec 09, 2025

Historic Minnesota Resort Owner Charged with Arson and Insurance Fraud

Insurance Journal

The owner of a historic Minnesota resort has been charged with arson and insurance fraud more than a year after a fire destroyed the property. Bryce Campbell, 41, of Two Harbors, Minn., was taken into custody last Wednesday in Southfield, …

Posted: Dec 09, 2025

Owner of Historic Minnesota Resort Charged With Arson, Insurance Fraud

Insurance Journal

The owner of a historic Minnesota resort has been charged with arson and insurance fraud more than a year after a fire destroyed the property. Bryce Campbell, 41, of Two Harbors, Minnesota., was taken into custody last Wednesday in Southfield, &#8230...

Posted: Dec 09, 2025

WalkerHughes Acquires Illinois’ Benhoff Insurance Agency

Insurance Journal

WalkerHughes Insurance, a privately held, founder-led retail insurance brokerage, announced its expansion into Illinois with the acquisition of Benhoff Insurance Agency, well-established personal lines brokerage based in Breese, Illinois. Benhoff Ins...

Posted: Dec 09, 2025

Aviva Seeks Partner for New City of London Skyscraper Project

Insurance Journal

Aviva Plc has kicked off the search for a partner to help fund a planned new skyscraper in the heart of the City of London’s insurance district, as it aims to tempt investors willing to make a bold bet that …

Posted: Dec 09, 2025

Bankers Readying US IPOs at ‘Overwhelming’ Pace Ahead of 2026

Insurance Journal

Behind the scenes activity in the US IPO market is reaching a fever pitch, according to dealmakers, as companies lured by stock markets near record highs prepare to go public. The industry has been busy lining up underwriting mandates from …

Posted: Dec 09, 2025

Ledger Investing to bring AI and efficiency to reinsurance & ILS market with Korra

Reinsurance News

Ledger Investing has launched Korra, a separate SaaS platform company that aims to bring efficiency, transparency, and intelligence to the casualty reinsurance and insurance-linked securities (ILS) market. Korra connects insurers, MGAs, reinsurers...

Posted: Dec 09, 2025

EU Strikes Deal to Weaken Corporate Sustainability Laws

Insurance Journal

The European Union reached a deal on Tuesday to scale back its corporate sustainability laws, after months of pressure from companies and governments including the United States and Qatar. The changes agreed by EU governments and the European Parliam...

Posted: Dec 09, 2025

Europe Agrees to Drastic ESG Cuts After US Pressure Intensifies

Insurance Journal

The European Union reached a tentative deal to slash ESG requirements, as the bloc faces intensifying pressure from the US to rein in such rules amid ever-present trade tensions. In late-night talks, representatives of member states and the EU parlia...

Posted: Dec 09, 2025

CSMV Underwriting Launches in Florida: Part Brokerage, Part Program Manager

Insurance Journal

After seeing some of the frustration that insurance agents run into, the head of a well-known south Florida agency has launched a hybrid vehicle – part brokerage and part program manager. CSMV Underwriting Managers, based in Tamarac, near Fort Lauder...

Posted: Dec 09, 2025

MNK’s Florida Re gets A- rating from AM Best

Reinsurance News

Credit ratings agency AM Best has assigned Florida Insurance and Reinsurance Company (Florida Re), a subsidiary of global independent re/insurance conglomerate, MNK Group Holdings, a Financial Strength Rating of A- (Excellent) and a Long-Term Issu...

Posted: Dec 09, 2025

Predict & Prevent® Podcast 26: How AI and Cameras Prevent Cold Chain Disasters

Risk & Insurance

Technova Industries is helping to prevent shipping errors that can result millions of dollars in waste, health risks and liability disputes. The post

Posted: Dec 09, 2025

Archdiocese of New York Pledges $300M to Settle Clergy Sex Abuse Claims

Insurance Journal

The Archdiocese of New York announced it is establishing a $300 million fund that it intends to use to pay for a global settlement of most of the 1,300 lawsuits it still faces from victims of clergy sexual abuse. The …

Posted: Dec 09, 2025

Archdiocese of New York Pledges $300M to Mediate Clergy Sex Abuse Claims

Insurance Journal

The Archdiocese of New York announced it is establishing a $300 million fund that it intends to use to pay for a global settlement of most of the 1,300 lawsuits it still faces from victims of clergy sexual abuse. The …

Posted: Dec 09, 2025

Two-thirds of modelled US flood losses go uninsured: Moody’s

Reinsurance News

Two-thirds of modelled U.S. residential flood losses go uninsured, leaving millions of homeowners and the broader economy financially exposed, according to Moody’s RMS modelling. Moody’s highlighted that flooding remains the most underinsured phys...

Posted: Dec 09, 2025

Japan Removes Tsunami Warnings After Powerful Quake in North

Insurance Journal

Japanese authorities ended all tsunami warnings after a powerful magnitude-7.5 quake struck off the coast of Aomori, in the northeast of the country, late on Monday. Waves as high as 70 cm (28 inches) were recorded in the region earlier, …

Posted: Dec 09, 2025

Swiss Insurer Helvetia Baloise to Cut Up to 2,600 Jobs Following Merger

Insurance Journal

Newly created Swiss insurer Helvetia Baloise plans to cut up to 2,600 jobs in the coming years to boost profitability, a person familiar with the matter told Reuters on Tuesday. Switzerland’s largest multi-line insurer, with a combined market c...

Posted: Dec 09, 2025

Warty to lead Mosaic finpro lines for Americas expansion

Reinsurance News

Mosaic Insurance, a specialty insurer focused on financial institutions and cyber risk, has announced the appointment of Sachin Warty as Global Head of Financial Institutions & Professional Liability (FinPro), December 15. Warty’s hire is part...

Posted: Dec 09, 2025

FCA announces changes to simplify its rules and lower costs for insurers

Reinsurance News

The Financial Conduct Authority (FCA) has announced changes to simplify its insurance rules and reduce costs for insurers, while maintaining appropriate protection for smaller commercial customers, with further changes planned next year. The FCA e...

Posted: Dec 09, 2025

DUAL Group forms global partnership with CyberCube to strengthen cyber underwriting

Reinsurance News

DUAL Group, an international specialist underwriting agency, has entered a global partnership with CyberCube, a company known for its analytics and modelling solutions focused on cyber risk. The agreement is aimed at strengthening DUAL’s underwrit...

Posted: Dec 09, 2025

White Mountains completes sale of insurance distribution platform Bamboo

Reinsurance News

White Mountains Insurance Group has completed the sale of a controlling interest in Bamboo, a data-enabled insurance distribution platform, to affiliates of funds advised by CVC Capital Partners. The transaction, originally announced in October, a...

Posted: Dec 09, 2025

Groenen appointed as LSM’s head of portfolio solutions, Europe

Reinsurance News

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the appointment of Rob Groenen as head of portfolio solutions, Europe, a newly created position. Groenen will be based in the Netherlands and will also retain h...

Posted: Dec 09, 2025

Parametrix raises $27m in funding round and rolls out new cyber insurance product

Reinsurance News

Parametrix, a provider of digital business interruption solutions, has completed a $27 million Series B funding round led by Mundi Ventures, FirstMark Capital, and HDI Group, joined by F2 Venture Capital and several other strategic investors. The...

Posted: Dec 09, 2025

German insurers propose Elementar Re safeguard system for nat cats

Reinsurance News

The German Insurance Association (GDV) has unveiled a framework to ensure that protection against natural catastrophes remains widely available, affordable, and sustainable over the long term, centred on a new reinsurance vehicle called Elementar...

Posted: Dec 09, 2025

ICEYE partners with Munich Re unit to expand access to nat cat intelligence

Reinsurance News

ICEYE, a global leader in synthetic aperture radar (SAR) satellite data and natural catastrophe solutions, has entered into a new strategic global partnership with Risk Management Partners, a Munich Re unit that draws on the group’s reinsurance ex...

Posted: Dec 09, 2025

Experian forecasts advanced cyber threats for 2026

Reinsurance News

Experian, an information services company specialising in credit reporting and fraud prevention, has released its 2026 Data Breach Industry Forecast, providing an outlook on the rapidly evolving cyber threat landscape. The report anticipates that...

Posted: Dec 09, 2025

Viewpoint: Mapping Evolving Regulatory Terrain for MGAs, MGUs and Other DUAEs

Insurance Journal

As the regulatory landscape around the delegated underwriting authority enterprise (DUAE) market evolves, global authorities have introduced stricter compliance measures, risk management expectations and governance frameworks. The increasing alignmen...

Posted: Dec 09, 2025

Shead takes over as Head of Property for Chubb’s Overseas General Insurance

Reinsurance News

Property and casualty insurer Chubb Limited has promoted Aaron Shead to Executive Vice President (EVP), Head of Property for Overseas General Insurance (COG), the company’s international general insurance operations, effective immediately. S...

Posted: Dec 09, 2025

Register Now for IJ’s ‘AI Tools for Agents’ Demo Day on Dec. 10

Insurance Journal

Insurance Journal’s Risky Future series will host the “AI Tools for Retail Agents” Demo Day, which offers free AI tool demonstrations designed exclusively for retail insurance agencies. The latest online event offers retail agents a...

Posted: Dec 09, 2025

Lloyd Scholz joins Westfield as Enterprise Chief Information Officer

Reinsurance News

Westfield, a U.S.-based property and casualty insurance company, has announced the appointment of Lloyd Scholz as Enterprise Chief Information Officer (CIO). In his new role, Scholz will oversee the development and execution of a business-driven t...

Posted: Dec 09, 2025