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Tower launches parametric Rainfall Response Cover in Fiji

Reinsurance News

Auckland, New Zealand–headquartered Tower Insurance has officially launched Rainfall Response Cover in Fiji, its second parametric insurance product, via CelsiusPro’s award-winning White Label Platform. The parametric product is being piloted for...

Posted: Nov 19, 2025

Europe’s Banks Face ‘Unprecedentedly High’ Risk of Shocks, ECB Warns

Insurance Journal

Euro zone banks must prepare for unprecedented shocks causing severe disruptions with far-reaching consequences for financial systems, the European Central Bank said on Tuesday as it outlined its supervisory priorities for the next three years. The E...

Posted: Nov 19, 2025

James Addington-Smith joins Marsh UK as CEO

Reinsurance News

Marsh, an insurance broker and risk advisor within the Marsh McLennan business, has appointed James Addington-Smith as CEO of Marsh UK. Subject to regulatory approval, Addington-Smith will assume the role in early 2026. He will be based in London...

Posted: Nov 19, 2025

Amazon, Google Named by EU Among ‘Critical’ Tech Providers for Finance Industry

Insurance Journal

European Union regulators on Tuesday designated 19 technology companies, including Amazon Web Services, Google Cloud, and Microsoft, as critical third-party computing providers for the bloc’s finance industry. Under the EU’s Digital Opera...

Posted: Nov 19, 2025

Quick return to P&C price increases not likely any time soon: KBW

Reinsurance News

Keefe, Bruyette & Woods (KBW) analysts caution that a return to the 2020-2024 pricing increases is not expected for several years for the property and casualty (P&C) market. The new KBW Industry Update, “More Room for Pricing Deterioration...

Posted: Nov 19, 2025

Former Owner of Arkansas Apartment Complex Sued for Sexual Misconduct

Insurance Journal

The Justice Department announced that it has filed a lawsuit against Thomas Ray Kelso, the former owner and manager of rental properties formerly known as Briarwood Apartments in Searcy, Arkansas, for engaging in sexual harassment and retaliation in...

Posted: Nov 19, 2025

HRP Syndicate 2689 at Lloyd’s announces key leadership appointments

Reinsurance News

HRP Syndicate 2689 at Lloyd’s, a specialist insurance syndicate known for providing underwriting solutions across diverse sectors, has named Giancarlo D’Alessandro as its new Active Underwriter. Additionally, Leah Rose has been appointed as syndic...

Posted: Nov 19, 2025

Tulsa Approves Ordinance Allowing Fire Department to Bill Insurers for Car Accident Responses

Insurance Journal

The Tulsa City Council last week approved an ordinance allowing the city’s fire department to charge insurance companies for responses to some motor vehicle accidents. The cost recovery program will charge the at-fault driver’s insurance...

Posted: Nov 19, 2025

Tulsa to Allow Fire Department to Bill Insurers for Car Accident Responses

Insurance Journal

The Tulsa City Council last week approved an ordinance allowing the city’s fire department to charge insurance companies for responses to some motor vehicle accidents. The cost recovery program will charge the at-fault driver’s insurance...

Posted: Nov 19, 2025

AM Best revises digital insurer ZhongAn’s outlooks to positive

Reinsurance News

Credit rating agency AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of ZhongAn Online P & C Insurance Co., Ltd. (...

Posted: Nov 19, 2025

Aon names Jason Disborough as Chief Commercial Officer, Pacific

Reinsurance News

Insurance and reinsurance broking firm Aon has appointed Jason Disborough as Chief Commercial Officer, Pacific, effective January 1st, 2026, based in Brisbane. In his new role, Disborough will lead Aon’s regional commercial strategy and execution,...

Posted: Nov 19, 2025

Amynta expands FNP’s book of nonprofit clients with NPS acquisition

Reinsurance News

Insurance service provider, Amynta Group, has announced that its subsidiary, First Nonprofit Companies, Inc. (FNP), has acquired Nonprofit Services Insurance Agency, Inc. (NPS). Based in Longview, Washington, NPS has been providing alternative met...

Posted: Nov 19, 2025

People Moves: Chubb Appoints Hazelton COO of North America Field Operations; Haase Joins Everest as...

Insurance Journal

Chubb Appoints Hazelton COO of North America Field Operations Chubb, headquartered in New York City, named Bill Hazelton as chief operating officer (COO) for North America Field Operations, effective Dec. 1. Hazelton will oversee the delivery of Chub...

Posted: Nov 19, 2025

Senator Opposes FCC Plan to Reverse Cyber Rules Adopted After Salt Typhoon Attack

Insurance Journal

The top Democrat on the Senate Commerce Committee on Tuesday called on the Federal Communications Commission to abandon plans to rescind cybersecurity requirements adopted after the massive Salt Typhoon Chinese hacking incident that infiltrated U.S....

Posted: Nov 19, 2025

Has Insurtech Funding Found a Floor?

Insurance Journal

Two separate reports published this month show that while quarterly insurtech deal counts have plummeted from heights attained in 2021 and 2022, dollar levels invested in insurtechs have stabilized since late 2022. While their deal-dollar and deal-co...

Posted: Nov 19, 2025

How Big Tech Is Faring Against US Antitrust Lawsuits?

Insurance Journal

A federal judge ruling that Meta Platforms does not hold an illegal social media monopoly handed Big Tech its first decisive win against the antitrust crackdown started in President Donald Trump’s first term. Here are the statuses of the U.S. &...

Posted: Nov 19, 2025

GEICO Can’t Slip Out of SC Lawsuit That Says it Owes $70M in Taxes and Penalties

Insurance Journal

GEICO insurance companies can’t dismiss a South Carolina lawsuit that demands they pay almost $70 million in back taxes and penalties, a federal judge ruled in a case that could ultimately affect how insurance taxes are collected by cities in &...

Posted: Nov 19, 2025

Colleen Kanniah appointed CEO of Afro Asian Re

Reinsurance News

Colleen Kanniah has been appointed CEO of Afro Asian Re RSA (Pty) Ltd., a subsidiary of the Afro Asian Group, based in Johannesburg, Republic of South Africa. Afro Asian Re RSA (Pty) Ltd. is the sixth addition to the Afro Asian Group’s growi...

Posted: Nov 19, 2025

1 Worker Dies, 2 Injured in Trench Collapse at Cape Cod Construction Site

Insurance Journal

One worker died and two were injured in a trench collapse at a construction site in a popular seacoast town on Cape Cod, Massachusetts. The trench collapse happened on Tuesday about 9 a.m. at a sewer project work site located …

Posted: Nov 19, 2025

Amazon’s Zoox Launches Robotaxi Rides in San Francisco

Insurance Journal

Amazon’s self-driving unit Zoox opened its waitlist on Tuesday for users in San Francisco, offering free rides, just days after Alphabet’s Waymo said it will provide robotaxi rides in the same market. Zoox said it is inviting people to ri...

Posted: Nov 19, 2025

Digital MGA Honeycomb Insurance Expands to Colorado

Insurance Journal

Honeycomb Insurance has begun writing policies in Colorado. The digital managing general agency specializes in property/casualty coverage for landlords and condominium associations. The company’s underwriting platform evaluates properties indiv...

Posted: Nov 19, 2025

Ohio Man Pleads Guilty to Hacking Ex-Employer’s Network, Costing $862K in Damages

Insurance Journal

A 35-year-old Ohio man has pleaded guilty to computer fraud for hacking his former employer’s network after he was fired, announced U.S. Attorney Nicholas J. Ganjei. On May 14, 2021, Maxwell Schultz, Columbus, Ohio, was terminated from his posi...

Posted: Nov 19, 2025

World Insurance Associates Acquires Bafumi Insurance in Connecticut

Insurance Journal

World Insurance Associates reported it has acquired the business of Bafumi Insurance Agency of Middletown, Connecticut. Terms of the August 1, 2025 transaction were not disclosed. A family business, the agency is led by Guido and Lauren Bafumi and se...

Posted: Nov 19, 2025

Business Groups Ask Supreme Court to Pause California Climate Reporting Laws

Insurance Journal

The U.S. Chamber of Commerce asked the Supreme Court to pause new California laws expected to require thousands of companies to report emissions and climate-risk information. The laws are the most sweeping of their kind in the nation, and a …

Posted: Nov 19, 2025

How Big Projects Are Testing the Limits of Construction Insurance Capacity

Risk & Insurance

As tech giants race to build massive data center facilities across the United States, the construction insurance market faces challenges in providing adequate coverage for projects exceeding billions in value and can carry natural catastrophe expo...

Posted: Nov 19, 2025

Specialized Risk Control: How Industry Expertise Transforms Insurance Partnerships

Risk & Insurance

When insurers understand the unique challenges of specialized industries, they can deliver risk management solutions that protect operations while supporting growth. Leading carriers are investing in sector-specific expertise to help clients navig...

Posted: Nov 19, 2025

Severe Convective Storms Lead Concerns for Insurers

IA Magazine

The vast majority of insurance company executives view severe convective storms (SCS) as the leading threat to their balance sheets, according to a Demex survey.

Posted: Nov 18, 2025

Modern Life Raises $20 Million to Expand AI Insurance Platform

IIR

Thrive Capital leads Series A round as Modern Life accelerates development of its advisor-focused life insurance technology.

Posted: Nov 18, 2025

Sony Honda Mobility Launches AFEELA Insurance for New EV Drivers

IIR

The MOTER-backed program offers integrated claims and repair services for AFEELA owners ahead of 2026 vehicle deliveries.

Posted: Nov 18, 2025

Consumers Agree Legal System Abuse Drives Up Insurance Costs, Prompting Demand for Reform

IA Magazine

A new survey of consumers from the Big “I” reveals growing concern that excessive and abusive litigation is driving up costs for consumers and reforms are needed.

Posted: Nov 18, 2025

Wolters Kluwer to acquire Libra

coverager

Libra offers an AI assistant for legal research, drafting, review, and analytics.

Posted: Nov 18, 2025

Agentero Launches AI Appetite Checker to Help Insurance Agents Instantly Identify the Right Carriers...

coverager

Oakland, CA, November 18th, 2025 – Agentero, the digital insurance network connecting independent agents with carriers through technology and market access, today announced the launch of its AI Appetite Checker,...

Posted: Nov 18, 2025

Federato raises $100 million

coverager

The startup has raised $180 million to date. 

Posted: Nov 18, 2025

JAB Insurance to acquire Columbian Mutual

coverager

Last year, Columbian Mutual stopped issuing new life insurance policies. 

Posted: Nov 18, 2025

Aviva introduces AI summaries to speed up life underwriting

coverager

Aviva tested the system for eighteen months.

Posted: Nov 18, 2025

Tesla releases Q3 results for carrier subsidiaries

coverager

The company has released the third quarter results for its three licensed carriers. 

Posted: Nov 18, 2025

Chubb names Bill Hazelton COO of NA Field Ops

coverager

Hazelton will report to Chris Maleno, Vice Chairman of North America Insurance and Division President of North America Field Operations.

Posted: Nov 18, 2025

Progressive Insurance® Accident Response powered by Cambridge Mobile Telematics provides real-time c...

coverager

In-app safety feature can deliver help when drivers need it most November 18, 2025 – Mayfield Village, OH, and Cambridge, MA — Progressive Insurance and Cambridge Mobile Telematics (CMT), the world’s...

Posted: Nov 18, 2025

Healthcare AI startup No Barrier raises $2.7 million

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No Barrier delivers instant, AI-powered medical interpretation in 40+ languages.

Posted: Nov 18, 2025

Prismic Life announces close of $1.3B capital raise

coverager

Prismic has previously raised over $1.5 billion in capital.

Posted: Nov 18, 2025

Motive, GEICO team up to bring telematics savings to commercial fleets

coverager

The program is live for new GEICO policyholders in select states.

Posted: Nov 18, 2025