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Bank of England Sees Rising Financial Risks From AI and Lending

Insurance Journal

The Bank of England said on Tuesday that threats to Britain’s financial system had risen this year due to stretched valuations of companies investing in artificial intelligence, risky lending and bets with borrowed money in government bond mark...

Posted: Dec 03, 2025

Viewpoint: Agentic AI Is Coming to Insurance Industry – Much Faster Than You Think

Insurance Journal

There has been much discussion in the insurance industry about artificial intelligence (AI) and how it can take on mundane, laborious tasks and complete them in a fraction of the time it would take a human. But the technology is …

Posted: Dec 03, 2025

Flood Quotes Aims to Make it Easier for Agents to Compare Premiums and Bind Policies

Insurance Journal

A new flood insurance quoting platform aims to streamline the process for insurance agents and brokers, providing real-time quotes from federal and private insurers all in one place. Flood Quotes is owned by National Flood Insurance LLC, and is based...

Posted: Dec 03, 2025

People Moves: Simplifai, Providing AI for Claims, Names New Board Members

Insurance Journal

Simplifai, a provider of agentic artificial intelligence for property-casualty insurance claims, with offices in Miami, Florida, and Oslo, Norway, has named new members to its board of directors. Noel Hamill and Nils Thomas Lien, both of whom have bu...

Posted: Dec 03, 2025

PRA’s LIST 2025 reinforces Fitch’s view that the UK life sector is well capitalised

Reinsurance News

Fitch Ratings said the UK Prudential Regulation Authority’s (PRA) 2025 Life Insurance Stress Test (LIST 2025) reinforces its view that the sector is well capitalised, but warns that real-world stress scenarios could lead to a different outcome due...

Posted: Dec 03, 2025

Report Asks Washington Lawmakers to Require Insurers to Better Track Wildfire Risk

Insurance Journal

A working group on wildfires in Washington wants the state Legislature to consider requiring insurers to internally track instances in which wildfire risk materially contributes to a policy nonrenewal, cancellation or eligibility determination—and to...

Posted: Dec 03, 2025

Why Maine Opposes New Limits on Truck Driver’s Licenses for Legal Immigrants

Insurance Journal

The Maine Bureau of Motor Vehicles (BMV) has joined the opposition to a federal rule that limits which legal immigrants can obtain a commercial driver’s license (CDL) or permit. The state says that if the new restrictions go into effect, &#8230...

Posted: Dec 03, 2025

Former Vermont Captive Regulator Bigglestone Joins SRS as Managing Director

Insurance Journal

Strategic Risk Solutions (SRS), an independent manager of insurance companies including captives, announced the appointment of Sandy Bigglestone as managing director/chief officer for Governance, Regulatory and Compliance. Beginning in January 2026,...

Posted: Dec 03, 2025

People Moves: Former Vermont Captive Regulator Bigglestone Joins SRS

Insurance Journal

Strategic Risk Solutions (SRS), an independent manager of insurance companies including captives, announced the appointment of Sandy Bigglestone as managing director/chief officer for Governance, Regulatory and Compliance. Beginning in January 2026,...

Posted: Dec 03, 2025

OpenAI Says ChatGPT Not to Blame in Teen’s Death by Suicide

Carrier Management

OpenAI Says ChatGPT Not to Blame in Teen’s Death by Suicide OpenAI defended itself against...

Posted: Dec 03, 2025

Asurion to acquire Domestic & General

coverager

According to a report by Bloomberg, the deal values the UK warranty business at $2.74 billion. 

Posted: Dec 02, 2025

Breeze partners with Unique Forwarding

coverager

The partnership reflects Breeze’s broader push to bring structure, consistency, and automation to freight-forwarder insurance programs.

Posted: Dec 02, 2025

Arch adds three senior underwriters across fleet and motor trade

coverager

Arch said the additions strengthen its motor capabilities and support its regional growth strategy.

Posted: Dec 02, 2025

OpenAI opens $2 million research program focused on AI and mental health

coverager

Applications are open through December 19, 2025, with selected proposals announced by January 15, 2026.

Posted: Dec 02, 2025

Summit raises $7.5 million

coverager

The company claims that it has over 10k customers.

Posted: Dec 02, 2025

Lula Technologies settles federal employment lawsuit following mediation

coverager

The financial terms of the settlement remain confidential.

Posted: Dec 02, 2025

The Baldwin Group and CAC Group to merge

coverager

Barnett succeeds Reid Spitz.

Posted: Dec 02, 2025

Cowbell Launches Self-Service Platform for Cyber Risk Services

IIR

The California-based insurer has introduced new dashboard capabilities allowing policyholders to access cybersecurity tools and AI compliance services on demand.

Posted: Dec 02, 2025

ivari Migrates 732,000 Policies to DXC Assure Platform

IIR

The Toronto-based life insurer has modernized its core system and reduced operating costs by 22 percent through a multi-year partnership with DXC Technology.

Posted: Dec 02, 2025

Boston Mutual Life Names Grant Ward as CEO

IIR

The Massachusetts-based insurer has appointed Ward to succeed Paul Quaranto, who will retire at year-end and remain as board chair.

Posted: Dec 02, 2025

Flood Quotes Launches Digital Platform for Flood Insurance Distribution

IIR

The Florida-based platform enables agencies and brokers to compare, quote, and bind NFIP and private flood policies in real time.

Posted: Dec 02, 2025

2025 Hurricane Season: Storms Steer Clear of US but Undergo ‘Rapid Intensification’

IA Magazine

While storms may not make landfall in the U.S., they are becoming increasingly unpredictable and intensify rapidly, warns the National Oceanic and Atmospheric Administration (NOAA).

Posted: Dec 02, 2025

San Francisco Sues Kraft, Coca-Cola Over Ultra-Processed Foods

Insurance Journal

The city of San Francisco sued Kraft, Mondelez, Coca-Cola and other makers of ultra-processed foods on Tuesday, accusing them of knowingly sickening California residents with addictive and harmful products. City Attorney David Chiu filed the lawsuit...

Posted: Dec 02, 2025

How ‘Super Roofs’ Reward Insurers, Cat Bond Investors and Homeowners

Carrier Management

How ‘Super Roofs’ Reward Insurers, Cat Bond Investors and Homeowners As the Trump administratio...

Posted: Dec 02, 2025

Litigation Finance Hits a Wall After Bets on Huge Gains Falter

Carrier Management

Litigation Finance Hits a Wall After Bets on Huge Gains Falter Litigation finance is having a bad yea...

Posted: Dec 02, 2025

KCC Releases Latest Version of U.S. Winter Storm Model

Carrier Management

KCC Releases Latest Version of U.S. Winter Storm Model Weather modeler...

Posted: Dec 02, 2025

Trump Administration Backs Bayer’s Bid to Curb Roundup Lawsuits

Carrier Management

Trump Administration Backs Bayer’s Bid to...

Posted: Dec 02, 2025

Four States Receive Employer Road Safety Funding Totaling $1.3M

Carrier Management

Four States Receive Employer Road Safety Funding Totaling $1.3M The National Safety Council has receive...

Posted: Dec 02, 2025

Illinois Attorney General Announces $120M Settlement with Monsanto

Insurance Journal

Illinois Attorney General Kwame Raoul announced a $120 million settlement with Monsanto Company (Monsanto) and affiliates Solutia Inc. and Pharmacia LLC over the environmental and health effects of Monsanto’s decades-long production of polychlo...

Posted: Dec 02, 2025

Illinois Attorney General Announces $120M Settlement With Monsanto

Insurance Journal

Illinois Attorney General Kwame Raoul announced a $120 million settlement with Monsanto Company (Monsanto) and affiliates Solutia Inc. and Pharmacia LLC over the environmental and health effects of Monsanto’s decades-long production of polychlo...

Posted: Dec 02, 2025

RSUM Rebrands NAPL as Ryan Financial Lines

Insurance Journal

Ryan Specialty Underwriting Managers (“RSUM”), the underwriting management division of Ryan Specialty (NYSE: RYAN), announced the formal rebranding of their North American Professional Liability (“NAPL”) team to Ryan Financial...

Posted: Dec 02, 2025

Louisiana Department of Insurance Holds Pop-Up Office in Lake Charles

Insurance Journal

The Louisiana Department of Insurance (LDI) is holding an Insurance Pop-Up Office from 8:30 a.m. – 4 p.m. on Tuesday, Dec. 2, and Wednesday, Dec. 3., for residents of Lake Charles and the surrounding area. The event is at the …

Posted: Dec 02, 2025