All Posts

People Moves: XS Brokers Promotes Wirkus to CEO, McVicker President

Insurance Journal

Independent binding authority and wholesale brokerage XS Brokers recently announced Erik Wirkus has been promoted to chief executive officer. Wirkus has served as president of the Quincy, Massachusetts-based company since 2019. He has been with XS Br...

Posted: Sep 24, 2025

New Visa Fees Spur Offshoring Talks, Hiring Turmoil

Insurance Journal

The Trump administration’s hefty new visa fees for H-1B workers have prompted high-level talks inside companies in Silicon Valley and beyond on the possibility of moving more jobs overseas—precisely the outcome the policy was meant to stop. U.S...

Posted: Sep 24, 2025

Reviving RadioShack Online Turned Into Ponzi Scheme, SEC Claims

Insurance Journal

A company that snatched up distressed brick-and-mortar brands including RadioShack and Pier 1 Imports and promised investors big returns in a pivot to e-commerce operated as a Ponzi-like scheme, the US Securities and Exchange Commission alleged. When...

Posted: Sep 24, 2025

OneDigital Plans More Expansion With $2.3B Investment from Canada, Stone Point

Insurance Journal

Atlanta-based insurance and benefits brokerage OneDigital is the beneficiary of a $2.3 billion investment – a majority stake to be taken by the Canada Pension Plan and Stone Point Capital. The investment comes through an acquisition of a stake from &...

Posted: Sep 24, 2025

People Moves: LP Insurance Appoints Thompson as First Chief Financial Officer

Insurance Journal

LP Insurance named Heather Thompson as its first chief financial officer. Thompson joined LP in 2018 as a financial analyst and was promoted to controller, overseeing all of LP’s accounting and finance operations in 2022. As CFO, she leads LP&#...

Posted: Sep 24, 2025

ALKEME Acquires New York City Real Estate Specialist Gotham Brokerage

Insurance Journal

California-based ALKEME Insurance reports it has acquired Gotham Brokerage Co., a New York City insurance agency specializing in insurance for condos, co-ops, and apartments with a concentration in the high-value real estate markets of Brooklyn and M...

Posted: Sep 24, 2025

Karen Read’s Lawyers Ask Judge to Dismiss Part of Wrongful Death Lawsuit

Insurance Journal

Karen Read’s lawyers asked a judge on Monday to dismiss part of a wrongful death lawsuit brought by the family of her former Boston police officer boyfriend, whose killing she was acquitted of earlier this year after two highly publicized &#823...

Posted: Sep 24, 2025

SRG names Sasa Brcerevic as Group Chief Commercial Officer

Reinsurance News

Specialist Risk Group (SRG), a specialist insurance group, has announced the appointment of Sasa Brcerevic as its first Group Chief Commercial Officer, effective 1 November 2025. Brcerevic brings a broad and varied background across the insurance...

Posted: Sep 24, 2025

Guillermo del Toro Almost Lost His Movie Memorabilia in California Wildfire

Insurance Journal

Many fled when wildfires devastated Los Angeles earlier this year, but Guillermo del Toro rushed back in, determined to save his lifelong collection of horror memorabilia. It’s the same loyalty that finds him making another tough decision to pr...

Posted: Sep 24, 2025

How Risk Retention Groups Evolved to Fill Critical Insurance Gaps

Risk & Insurance

When traditional coverage becomes unavailable or unaffordable, these specialized structures offer industry-specific solutions—but require careful management to succeed. The post

Posted: Sep 23, 2025

Kin Expands Home Insurance to Missouri

IIR

The digital insurer applies data-driven underwriting to address severe weather risks and deliver precise pricing.

Posted: Sep 23, 2025

Conning Study Finds Persistent Losses in Commercial Auto

IIR

The firm’s 2025 study cites underwriting losses, rising claim costs, and emerging risks shaping the commercial auto market.

Posted: Sep 23, 2025

Input 1 and INTX Partner on Insurance Billing and Payments

IIR

The integration provides carriers and MGAs with a single platform for billing, payments, and premium finance.

Posted: Sep 23, 2025

When It Rains, It Pours: Precipitation Flat as Intensity Rises

IA Magazine

While annual rainfall is not rising, the increase in extreme rainfall events means that flood risk, infrastructural strain, and flash flooding potential are increasing.

Posted: Sep 23, 2025

Insurance Leads AI Revolution But Struggles to Scale Beyond Pilots

Risk & Insurance

Only 7% of carriers have successfully implemented AI across their organizations despite industry advantages, BCG research finds. The post

Posted: Sep 23, 2025

Cyber Threats Continue to Top Concerns for Large, Mid-Size Firms: Travelers

Carrier Management

Cyber Threats Continue to Top Concerns for Large, Mid-Size Fir...

Posted: Sep 23, 2025

Man Who Died on Florida Roller Coaster Had Spinal Condition

Carrier Management

Man Who Died on Florida Roller Coaster Had Spinal Condition Emergency workers who responded to Universa...

Posted: Sep 23, 2025

Frontline Workers and Leaders Disagree on Injury Prevention Effectiveness

Risk & Insurance

Nearly 30% of workers experiencing pain don't report it, highlighting disconnect between management and employees: MSD Solutions Lab research. The post

Posted: Sep 23, 2025

AXA Retail launches road safety program

coverager

The initiative will reach 50 schools and 1,000 pupils in 2025, with plans to scale further in 2026.

Posted: Sep 23, 2025

Bupa pilots sports equipment lockers with Equip

coverager

The initiative is part of Bupa’s Healthy Cities program.

Posted: Sep 23, 2025

7 Types of Agents Scorching Your Agency P&L

coverager

With the right distribution channel management software, you can identify these seven nonproducing producers and begin to address the core issues of your agency P&L.

Posted: Sep 23, 2025

Arity launches Geosight for ZIP-level driving data

coverager

Arity positions Geosight as a plug-and-play tool for insurers to sharpen segmentation.

Posted: Sep 23, 2025

Insify raises €16.3 million

coverager

Insify offers coverage to entrepreneurs and SMEs.

Posted: Sep 23, 2025

Zego cuts losses

coverager

Zego cut its net loss to ~£4m.

Posted: Sep 23, 2025

Flight Health acquires Alteris Health

coverager

The deal expands Flight Health's AI-powered platform into clinical documentation and decision support.

Posted: Sep 23, 2025

QBE North America partners with Assureful

coverager

The companies will offer pay-as-you-sell commercial general liability insurance for e-commerce merchants.

Posted: Sep 23, 2025

Hershey Not Spooked by Lawsuit Claiming Reese’s Halloween Candy Didn’t Match Label

Carrier Management

Hershey Not Spooked by Lawsuit Claiming Reese’s Halloween Candy Didn’t...

Posted: Sep 23, 2025

Root launches in Washington

coverager

Root is now available to more than 78% of the U.S. population.

Posted: Sep 23, 2025

MetLife acquires 20% stake in Klimber

coverager

The companies have been partners for several years.

Posted: Sep 23, 2025

GreenieRE Coalition and Trellis Climate launch surety bonds for climate startups

coverager

The two have introduced Vensurety, an insurance platform designed for climate companies.

Posted: Sep 23, 2025

US P&C insurers boost profitability in H1’25 despite cat losses: Moody’s

Reinsurance News

Moody’s Ratings, the credit rating agency and research firm, reported that US property and casualty insurers delivered stronger profitability in the first half of 2025, even as California wildfires in the first quarter drove substantial catastroph...

Posted: Sep 23, 2025

Root Insurance Expands Driving Behavior Product to Washington

Insurance Journal

Root Insurance has brought its driving behavior insuring pricing model to Washington in an expansion of its West Coast footprint. Root now offers its product to drivers in Washington, Oregon and California. Root’s model is designed to measure d...

Posted: Sep 23, 2025

Michigan Reaches Settlements With Paper Mill Over PFAS Contamination

Insurance Journal

Michigan Attorney General Dana Nessel has reached two settlement agreements with the current and past owners of a paper mill in White Pigeon, Michigan. The two settlements secure funding for response activities to address per- and polyfluoroalkyl sub...

Posted: Sep 23, 2025

Man Pleads Guilty to Setting Fires at 2 Minnesota Mosques

Insurance Journal

A man who set fires at two mosques in Minnesota in 2023 pleaded guilty to federal charges Wednesday, federal prosecutors said. Jackie Rahm Little, 38, admitted to one count of arson and one count of damage to religious property for …

Posted: Sep 23, 2025

AM Best Revises Credit Rating Outlook to Positive for Texas’ National Unity

Insurance Journal

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of National Unity Insuranc...

Posted: Sep 23, 2025

Parents Slam OpenAI, Character.AI Over Safety in Senate Hearing

Insurance Journal

The father of a teenager who died by suicide this spring delivered emotional congressional testimony, alleging OpenAI’s ChatGPT “groomed” his 16-year-old son to take his own life and the company prioritized speed and market share ov...

Posted: Sep 23, 2025

West Texas Wants to Sell Natural Gas to Power AI Data Centers, But Lacks Infrastructure

Insurance Journal

Big data centers that power the artificial intelligence industry demand an abundance of energy. West Texas — known for producing 40% of the nation’s crude oil — also has an extraordinary amount of natural gas that could power those data …

Posted: Sep 23, 2025

Lloyd’s sees rising standards and cautious expansion amid competitive pressure: TD Cowen

Reinsurance News

TD Cowen, an investment bank and financial services firm, recently hosted a field trip to London with senior management from Arch Capital (ACGL), Ascot, Canopius, Everest Group (EG), Hiscox, Howden Re, Inigo, Intact, Lancashire, and Sirius Point....

Posted: Sep 23, 2025

Bank of England’s Bailey Says AI Can Help Regulators to Find the ‘Smoking Gun’

Insurance Journal

Bank of England Governor Andrew Bailey said on Monday that he and other regulators who oversee the financial services industry should use artificial intelligence to help them spot problems among the firms that they supervise. “I think we’...

Posted: Sep 23, 2025