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Miller, the independent specialist insurance and reinsurance broker, has announced the appointment of Nick Taylor as Head of Direct P&I. In his new role, Taylor will lead the development of Miller’s Direct P&I broking team, strengthening t...
Posted: Oct 06, 2025
With Don Bailey, Executive Vice President and Chief Executive Officer of North America Commercial Insurance at AIG, set to step down at year-end, the firm has announced a new North America leadership structure that will take effect on January 1, 2...
Posted: Oct 06, 2025
Balavant Insurance Group has announced two key leadership promotions: Tracy Bernard as Chief Program Officer of Balavant, and Krissy Kyjovsky to Executive Vice President of Tangram. In her new role, Bernard will be responsible for guiding product...
Posted: Oct 06, 2025
AM Best, the credit rating agency, reported that US property and casualty (P&C) mutual insurance companies achieved a net income of $26.0 billion in 2024, a notable rebound from a $10.8 billion net loss in 2023. AM Best evaluates the financial...
Posted: Oct 06, 2025
Kendra Kay loved growing up in the quiet of West Texas. She enjoyed the peacefulness brought in by the open lands. She appreciated how everyone in her community had a purpose and contributed to their way of life. She never …
Posted: Oct 06, 2025
Phinsys, a finance automation software provider for the insurance and reinsurance industry, has entered into a strategic partnership with Dynamo Analytics, a consultancy and software provider, to integrate finance and actuarial processes for insur...
Posted: Oct 06, 2025
Willis, a business of insurance and reinsurance broker WTW, has appointed Ollie Moore as Head of Broking, Pacific, effective immediately. In his new role, Moore will enhance Willis’ broking strategy, drive innovation, and strengthen partnerships w...
Posted: Oct 06, 2025
S&P Global Ratings, an international credit rating agency, has upgraded its outlook on Milli Reinsurans T.A.S. (Milli Re) to positive from stable, while reaffirming the company’s long-term issuer credit and insurer financial strength ratings a...
Posted: Oct 06, 2025
A Delaware judge said former Activision Blizzard officials including Chief Executive Bobby Kotick must face most of a lawsuit alleging they shortchanged shareholders when Microsoft bought the “Call of Duty” game maker for $75.4 billion. C...
Posted: Oct 06, 2025
Executives at large organizations are being extorted by a notorious ransomware group, which claims to have stolen data from them via Oracle Corp.’s popular E-Business Suite applications, according to a Google cybersecurity executive and three o...
Posted: Oct 06, 2025
After Paola Freites was allowed into the U.S. in 2024, she and her husband settled in Florida, drawn by warm temperatures, a large Latino community and the ease of finding employment and housing. They were among hundreds of thousands of …
Posted: Oct 06, 2025
A toxic cloud of chemicals was released from an industrial site near Cocoa Beach last week, but authorities said no one was seriously injured, and the leak has been repaired. Florida Today and other news outlets reported that about 10 …
Posted: Oct 06, 2025
Florida’s Citizens Property Insurance Corp. is deferring the required proof of flood insurance while the federal government shutdown continues and the National Flood Insurance Program is in limbo. “Citizens will accept applications and de...
Posted: Oct 06, 2025
Federal transportation safety officials told Philadelphia’s mass transit agency this week that it should shelve an aging electric railcar model that is heavily used in its regional rail fleet until it figures out how to stop them from catching...
Posted: Oct 06, 2025
More and more, big arrays of lithium-ion batteries are being hooked up to electrical grids around the U.S. to store power that can be discharged in times of high demand. But as more energy storage is added, residents in some …
Posted: Oct 06, 2025
Gov. Greg Abbott reappointed Brett Flagg to the Texas Mutual Insurance Company board of directors. Flagg’s term is set to expire on July 1, 2031. Flagg, of Frisco, is an attorney and the owner of Flagg Law Group PC. in …
Posted: Oct 06, 2025
President Donald Trump said Friday he has personally reversed $187 million in funding cuts made by his administration for New York’s law enforcement and counterterrorism operations, following bipartisan outcry from New York officials. The Repub...
Posted: Oct 06, 2025
Paul Singer’s Elliott Investment Management escalated a legal fight with a Texas-based private equity firm it has accused of charging excessive expenses. Stronghold Investment Management is being accused of improperly overcharging expenses to o...
Posted: Oct 06, 2025
Howden, the global insurance and reinsurance broking group, has announced the appointment of Christine Palomba as Deputy Head, Natural Resources, Howden US. The appointment follows Howden’s recent entry into the U.S. retail market, led by Mike Par...
Posted: Oct 06, 2025
American International Group (AIG) on Friday said its head of commercial insurance in North America is retiring at the end of the year to focus on his health. The insurer said three AIG employees have been promoted to lead the …
Posted: Oct 06, 2025
Pinnacol Assurance named Gabriel Lockhart its senior medical director. Dr. Lockhart joins Pinnacol after a career that includes serving as medical director of the ICU and quality improvement chairman at Saint Joseph Hospital. He is a board-certified...
Posted: Oct 06, 2025
Two Delta Air Lines regional jets collided at the intersection of two taxiways at LaGuardia Airport in New York, injuring a flight attendant, damaging a cockpit and tearing off part of a wing, the National Transportation Safety Board said Thursday. &...
Posted: Oct 06, 2025
The California Department of Insurance launched enforcement actions against Tesla Insurance Services Inc. and Tesla Insurance Company companies for allegedly failing to adequately handle hundreds of California automobile policy claims. The actions ar...
Posted: Oct 06, 2025
Insurance Business Magazine - US
Posted: Oct 05, 2025
Insurance Business Magazine - US
Posted: Oct 05, 2025
Hurricane Katrina made landfall on August 29, 2005, with the eye of the Category 3 hurricane centered on Bay St. Louis, Mississippi, though the storm is remembered largely because of the devastation to New Orleans, Louisiana. Over 1,800 people died &...
Posted: Oct 05, 2025
As mergers and acquisitions continue to reshape the insurance landscape, independent agency owners face increasingly complex decisions about financing growth. Among the most prominent capital sources are private equity (PE) and industry-focused bank...
Posted: Oct 05, 2025
By Don Jergler Being pleasant may not sound like it’s part of a recipe for success at a firm operating in a space where people survive and thrive by making sales, but it’s among the core philosophies at Kulchin Ross …
Posted: Oct 05, 2025
I recently read several articles marking the 20th anniversary of Hurricane Katrina. The articles covered a plethora of changes, including ISO form changes, the quality of claims serviced, the enormous financial cost, the unreal people cost, the impro...
Posted: Oct 05, 2025
By Chad Hemenway Michelle Sartain, president Marsh U.S. and Canada, who has worked at Marsh for more than 28 years, encouraged lawmakers on Capitol Hill last month to reauthorize the Terrorism Risk Insurance Act. More than two decades after Marsh ...
Posted: Oct 05, 2025
Homeowners’ insurance rates are rising at a pace not seen in more than a decade, so more customers are asking why they should stay loyal if they perceive their insurer isn’t reciprocating. According to a recent survey from J.D. Power, ...
Posted: Oct 05, 2025
To say the independent agent–one of the lynchpins of the insurance industry–is operating in challenging and sometimes unforgiving times would be an understatement. Market volatility has remained a defining force for independent agents in...
Posted: Oct 05, 2025
Lately, it seems as though we’re surrounded by discussions about how best to grow the American industrial sector. A key component of this discussion hinges on how to supply and power these industries in both cost-effective and environmentally c...
Posted: Oct 05, 2025
By William Rabb For the second straight year, Brightway Insurance in Ponte Vedra Beach, Florida, has made the list of finalists for the Insurance Journal’s Best Agencies to Work For – Southeast. This year, the agency made it to the …...
Posted: Oct 05, 2025
An early look by AM Best at the financial results of the U.S. property/casualty industry revealed insurers recorded an estimated $11.2 billion in net underwriting income in the first half of 2025. That’s a significant jump from last year when &...
Posted: Oct 05, 2025
Over the past decade, the insurance industry has undergone an increasingly rapid transformation, driven by advancements in machine learning, artificial intelligence, and now generative AI technologies. These advancements have enabled insurers to auto...
Posted: Oct 05, 2025
By Ezra Amacher It’s not by accident that Higginbotham continually finds itself on the shortlist of best independent insurance agencies to work for. The Fort Worth, Texas-based firm is intentional about every aspect of its business, from being...
Posted: Oct 05, 2025
The votes are in for the 2025 Best Independent Insurance Agency to Work For survey by Insurance Journal. Employees in 2025 highlighted the importance of competitive salaries, employee benefits, training and education, resources, and other employee pe...
Posted: Oct 05, 2025
By Ezra Amacher As president of DSP Insurance Services, Taylor Virgil is proud to say that the Schaumburg, Illinois-based agency has taken the road less traveled. At a time when many agencies of its size are being bought out by …
Posted: Oct 05, 2025
Commercial auto has been a dark cloud hanging over the U.S. property/casualty industry for more than a dozen years–and things are getting worse. Commercial auto has posted an underwriting loss for the 14th consecutive year and has accumulated m...
Posted: Oct 05, 2025
By Jahna Jacobson Cleary Insurance Inc. is an insurance company with a great team, a winning atmosphere, and a “family vibe.” That’s according to employees who nominated Cleary Insurance Inc., Insurance Journal’s Best Agency t...
Posted: Oct 05, 2025
Residents of Jefferson Parish, Louisiana could soon see a reduction in flood insurance premiums, after the parish improved its class rating for the National Flood Insurance Program (NFIP). Jefferson Parish’s Community Rating System (CRS) will i...
Posted: Oct 05, 2025
In one of the longest-running and most-litigated episodes of alleged child sexual abuse at a private school, the key question in a case now before the Georgia Court of Appeals is whether insurers’ recent policies barred coverage for incidents t...
Posted: Oct 05, 2025
The property insurer selected ZestyAI’s technology to improve risk decisions and reduce losses tied to inaccurate roof data.
Posted: Oct 05, 2025
The InsurTech firm completed a production transaction using AI to guide and execute a consumer insurance purchase.
Posted: Oct 05, 2025
Automation helps insurers cut fraud, recover losses, and strengthen compliance while protecting margins and reinforcing trust in the claims process.
Posted: Oct 05, 2025