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The state of Michigan has acquired a life ring that washed ashore 50 years ago from the Edmund Fitzgerald, a rare artifact that strangely became part of a settlement in a lawsuit that had nothing to do with the famous …
Posted: Oct 30, 2025
Texas is backing a proposed Permian Basin power plant fueled by natural gas with a $1.1 billion low-interest loan, the largest such project under a state program aimed to shore up supplies after widespread blackouts in 2021. Competitive Power Venture...
Posted: Oct 30, 2025
Despite Hurricane Melissa’s significant human and economic toll on Jamaica, Cuba, and other Caribbean islands, the event’s cost to the global reinsurance sector is unlikely to alter overall market dynamics, though it may give underwriters added le...
Posted: Oct 30, 2025
Insurance industry faces sixfold increase in payouts as "non-peak perils" rival hurricanes in destructive power, reports Munich Re. The post
Posted: Oct 30, 2025
Property and casualty insurer, The Hanover Insurance Group, saw its net income rise 75% year-on-year to $178.7 million in the third quarter of 2025, as the firm’s combined ratio strengthened by 4.4 percentage points to 91.1% on the back of a...
Posted: Oct 30, 2025
Days after thieves took just minutes to steal eight pieces of the French crown jewels from the Louvre, a former bank robber says he warned a museum official of glaring weaknesses — including jewel cases by streetside windows that were …
Posted: Oct 30, 2025
Third quarter net income for The Hanover Insurance Group grew to $178.7 million compared to $102.1 million during the same period a year ago. The Worcester, Massachusetts-based insurer’s Q3 combined ratio improved to 91.1 from 95.5 a year ago d...
Posted: Oct 30, 2025
McGill and Partners, an independent global specialty insurance and reinsurance broker, and insurtech Artificial Labs are collaborating to develop a unified digital platform designed to enhance broking capabilities. This platform will enable broker...
Posted: Oct 30, 2025
Posted: Oct 30, 2025
NFP, an Aon company headquartered in New York City, appointed Andrew Keefe as senior vice president, Northeast broking leader. Based in Albany, New York, Keefe has nearly two decades of experience in the commercial insurance industry. He has been wit...
Posted: Oct 30, 2025
Two decades after a Republican-controlled Congress gave gun manufacturers immunity from being sued over crimes committed with their firearms, blue state Democrats upset about gun violence think they’ve found a way to penetrate that legal shield...
Posted: Oct 30, 2025
Two decades after a Republican-controlled Congress gave gun manufacturers immunity from being sued over crimes committed with their firearms, blue state Democrats upset about gun violence think they’ve found a way to penetrate that legal shield...
Posted: Oct 30, 2025
Donegal Group Inc., an insurance holding company, reported net income of $20.1 million for the third quarter of 2025, up 19.9% from $16.8 million in the same period a year earlier. For the quarter, net premiums earned totalled $229.8 million, a 3....
Posted: Oct 30, 2025
The Bermuda Monetary Authority (BMA), Bermuda’s integrated regulator and supervisor for the financial services sector, continues to drive innovation in the Insurance Linked Securities (ILS) market. The BMA highlights that Bermuda’s ILS market is b...
Posted: Oct 30, 2025
The FBI last month searched the offices of a California real estate investment firm Continuum Analytics, which is linked to bad loans recently disclosed by Zions and Western Alliance, according to legal correspondence seen by Reuters. Continuum Analy...
Posted: Oct 30, 2025
AXA says insurers must evolve from claim payers to risk prevention partners to remain viable as modern threats become more complex and interconnected. The post
Posted: Oct 30, 2025
A federal judge in Mississippi has admitted that his staff used artificial intelligence to draft a flawed court order, after months of speculation and an inquiry from a U.S. senator. U.S. District Judge Henry T. Wingate sent a letter on …
Posted: Oct 30, 2025
Convex Group Ltd., the Bermuda-based specialty insurer and reinsurer, announced a new, long-term ownership structure led by private equity firm Onex Corp., with American International Group becoming a strategic minority equity investor. Onex will acq...
Posted: Oct 30, 2025
Convex Group Ltd., the Bermuda-based specialty insurer and reinsurer, announced a new, long-term ownership structure led by private equity firm Onex Corp., with American International Group becoming a strategic minority equity investor. Onex will acq...
Posted: Oct 30, 2025
Convex Group Ltd., the Bermuda-based specialty insurer and reinsurer, announced a new, long-term ownership structure led by private equity firm Onex Corp., with American International Group becoming a minority equity investor. Onex will acquire a 63%...
Posted: Oct 30, 2025
Insurance Europe, the European insurance and reinsurance federation, calls for the European Commission to ‘stop the clock’ on the implementation of the Insurance Recovery and Resolution Directive (IRRD) legislative process. According to the organi...
Posted: Oct 30, 2025
Monkeys being transported on a Mississippi highway escaped captivity Tuesday after the truck carrying them overturned, according to law enforcement. All but one of the escaped monkeys were killed, the Jasper County Sheriff’s Department said in...
Posted: Oct 30, 2025
Fitch Ratings assessed all large European composite insurers in its peer group as having ‘Strong’ to ‘Very Strong’ profitability, supported by diversified earnings sources that provide stability through cycles. The peer group comprises Allianz SE...
Posted: Oct 30, 2025
The Hartford Q3 Net Income Up 41% Net income at The Hartford incr...
Posted: Oct 30, 2025
Daimler Truck Financial Services USA LLC (DTFS), the captive finance partner of Daimler Truck North America LLC, and GEICO announced the launch of Connected Insurance, a new data-driven insurance program designed to help Freightliner and Western Star...
Posted: Oct 30, 2025
Microsoft said late on Wednesday it had resolved an outage of its Azure cloud platform that had impacted the tech giant’s suite of productivity software, and a range of industries worldwide. “While error rates and latency are back to pre-...
Posted: Oct 30, 2025
The maker of celebrity video platform Cameo sued OpenAI in a California federal court on Tuesday, arguing that the new “Cameo” feature of OpenAI’s Sora video generation app violates its trademark rights. Cameo said in the complaint...
Posted: Oct 30, 2025
The Department of Finance (DOF), the Philippine government agency responsible for managing the country’s fiscal policies, public finances, and economic resilience, is leading a new regional initiative aimed at helping Southeast Asian nations prote...
Posted: Oct 30, 2025
A former director at a US military contractor that sells computer vulnerabilities pleaded guilty on Wednesday to stealing and reselling $35 million in trade secrets to a Russian cyber-tools broker whose clients include the Russian government. Peter W...
Posted: Oct 30, 2025
The Board of Directors of the African Development Bank Group has approved a $6 million grant to the African Risk Capacity (ARC) to strengthen disaster preparedness and risk financing efforts across Africa for the 2025–2026 period. According to the...
Posted: Oct 30, 2025
Insurer litigation expenses declined slightly between 2023 and 2024 and potentially benefitted from state legal reforms to address increasing litigation costs, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) said in a new r...
Posted: Oct 30, 2025
Convex Group Limited, the international specialty insurer and reinsurer, has announced a new long-term ownership structure in which Onex Corporation will take a leading 63% stake and AIG will become a strategic minority investor with a 35% equity...
Posted: Oct 30, 2025
Markel Group has reported that its insurance business, Markel Insurance, saw an underwriting gross premium volume increase of 11% for the third quarter of 2025 to $2.72 billion from $2.5 billion last year. For the nine month period ended September...
Posted: Oct 30, 2025
A ship with 23 containers of radioactive zinc dust is stuck off the coast in the Philippines, unable to unload because there’s no site that has agreed to entomb the offending material, according to a top official. Port authorities aren’t...
Posted: Oct 30, 2025
AM Best has maintained a stable outlook for China’s non-life insurance sector, supported by steady premium growth driven by the expansion of new energy vehicles (NEVs), ongoing health reforms, emerging product innovations, and regulatory initiativ...
Posted: Oct 30, 2025
Insurance Business Magazine - US
Posted: Oct 30, 2025
Fortegra Insurance UK Limited, part of the Fortegra Group, a specialty insurer, has been officially added to the National Association of Insurance Commissioners (NAIC) Quarterly Listing of Alien Insurers, published in the NAIC’s October Edition 24...
Posted: Oct 30, 2025
After Hurricane Beryl devastated Jamaica’s grid last year, officials at the island’s sole utility vowed to fortify it. But the company’s initiatives were only in the planning and early implementation stages when Hurricane Melissa hi...
Posted: Oct 30, 2025
Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has reported a rise in underwriting income for both the third quarter and nine month period ended September 30th, 2025, with a strong performance in its insurance and reinsurance...
Posted: Oct 30, 2025
The devastation from Hurricane Melissa came into focus after the record-setting storm moved past Jamaica, Haiti and Cuba with at least 33 deaths and almost $8 billion of damage in its wake. Across the Caribbean, the storm’s powerful winds have...
Posted: Oct 30, 2025
Credit ratings agency AM Best has revised the outlooks of Everest Group, Ltd. and its operating subsidiaries to negative from stable, and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-T...
Posted: Oct 30, 2025
Verisk Analytics, a data analytics and technology provider, announced its financial results for the third quarter of 2025, reporting $768 million in revenue, up 5.9%, and up 5.5% on an organic constant currency (OCC) basis. Net income also experie...
Posted: Oct 30, 2025
Amiga Specialty, a specialist managing general agent (MGA) backed by B.P. Marsh, has appointed Jamie Ricketts to the newly created role of Managing Director (MD) of Financial Institutions, effective immediately. In his new role, Ricketts reports t...
Posted: Oct 30, 2025
Qatar Insurance Company (QIC Group) has announced its financial results for the first nine months of 2025, reporting a net profit of QAR 588 million, a 12% increase compared to the same period the year prior. The Group’s net profit before Pillar I...
Posted: Oct 30, 2025