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ACORD, a nonprofit organisation that develops standards for the insurance industry, has released a new study titled US Specialty Commercial Insurance Market: The Keys to High Performance, which finds that 65% of Excess & Surplus (E&S) writ...
Posted: Sep 19, 2025
Insurance Business Magazine - US
Posted: Sep 19, 2025
A beachfront stilt home along the Outer Banks in North Carolina has collapsed into the surf, bringing the total number of houses claimed by the Atlantic Ocean to 12 in the past five years. The two-story, wood-shingled home in Buxton, …
Posted: Sep 19, 2025
Is Steamboat Willie “For the people?” That’s a question that one of the largest personal injury law firms in the United States is asking a federal court in central Florida to decide. The law firm Morgan & Morgan, known for ̷...
Posted: Sep 19, 2025
Most businesses are failing to invest in needed climate adaptation as other business priorities and resources take precedence over climate initiatives, according to a survey published by Marsh, the insurance broker and business of Marsh McLennan. Whi...
Posted: Sep 19, 2025
Tropical Storm Gabrielle formed Wednesday in the Atlantic Ocean but was far from land, forecasters said. The center of Gabrielle re-formed from its morning position and was located about 990 miles (1,600 kilometers) east of the Northern Leeward Islan...
Posted: Sep 19, 2025
Insurance broker Willis, a WTW business, has appointed James Gillespie as its new Head of Data & Analytics for its Global Direct & Facultative Specialty team. In his new role, Gillespie will lead the development of new and innovative produ...
Posted: Sep 19, 2025
HDI Global Insurance Company (HGIC), the U.S. carrier of international Corporate & Specialty insurer HDI Global (HDI), headquartered in Chicago, Illinois, appointed Bruce Griffin as head of casualty. Griffin is based out of HGIC’s Chicago h...
Posted: Sep 19, 2025
SEC Hands Victory to IPO Issuers Who Want to Avoid Class-Action Lawsuits The U.S. securities reg...
Posted: Sep 19, 2025
Chaos Inside FEMA as...
Posted: Sep 19, 2025
How to Reframe Negative Thoughts When Dealing With Self-Doubt at Work When we make mistakes at work, it...
Posted: Sep 19, 2025
Southern California Edison has reached a settlement agreement with several intervenors to allow the utility to recover about $2 billion of $5.6 billion in losses tied to the 2017–2018 wildfire and mudslide events. Out of the $2 billion, about $1.6 &#...
Posted: Sep 19, 2025
The European Union proposed a complete ban on imports of Russian liquefied natural gas from Jan. 1, 2027, as part of its latest measures to curb President Vladimir Putin’s ability to wage Moscow’s war against Ukraine. The EU also proposed...
Posted: Sep 19, 2025
Many commercial auto insurers are in a holding pattern, waiting to see how some states’ litigation reforms are enacted and enforced. However, there seems to be some positive signs for buyers. Insurance Journal’s Andrea Wells spoke to Jenn...
Posted: Sep 19, 2025
Transportation company Lyft has paid the state of New Jersey $19.4 million to settle a case involving misclassification of more than 100,000 drivers as independent contractors. According to the New Jersey Department of Labor and Workforce Development...
Posted: Sep 19, 2025
In a landscape of increasing extreme weather events, only 5% of private sector organisations view “access to insurance” as their primary motivation for investing in climate adaptation, compared to 53% who prioritise the “need to manage risk,” acco...
Posted: Sep 19, 2025
At this year’s Monte Carlo Rendezvous de Septembre, Citizens Bank, a provider of financial and insurance insights, observed that while property catastrophe pricing is sliding, the broader reinsurance market continues to deliver solid returns. Afte...
Posted: Sep 19, 2025
Lockton Re, the reinsurance arm of the privately held independent insurance broker, has announced the appointment of Ed Le Flufy as Global Head of Cyber, a London-based role. In his new role, the executive will lead Lockton Re’s Cyber team d...
Posted: Sep 19, 2025
British insurance companies are paying £200 million ($270 million) to compensate motorists whose claims were underpaid, the Financial Conduct Authority said on Friday. Insurers including Direct Line Insurance Group Plc and Admiral Group Plc are getti...
Posted: Sep 19, 2025
Hong Kong is facing a period of heavy rain and strong winds as two storms brew in warm tropical waters, with one system forecast to intensify into a super typhoon next week. A tropical depression is currently spinning in the …
Posted: Sep 19, 2025
Global insurer Generali and Conferenza Episcopale Italiana (CEI) have partnered to launch a new parametric insurance solution to protect parish entities in Italy’s 226 dioceses from the impacts of natural catastrophes. Swiss Re and Munich Re...
Posted: Sep 19, 2025
Xiaomi will issue a software update for over 115,000 of its popular SU7 electric sedans to fix potential safety issues when its assisted driving features are used, a Chinese regulator said in a product recall notice. It is the second …
Posted: Sep 19, 2025
Howden, the global insurance and reinsurance broking group, has announced the acquisition of Gravitas Insurance Agency LLC (Gravitas), a US retail brokerage specialising in contingency insurance for music, sport and live events. Founded in 2022 by...
Posted: Sep 19, 2025
Nippon Life Insurance Co. sees its overseas project finance lending climbing 11% to a record high this year due to surging demand to fund AI data centers in the US and elsewhere. The outstanding amount of such loans provided by …
Posted: Sep 19, 2025
According to Fitch Ratings, a global credit rating agency, US and Canadian insurance brokers are increasingly relying on larger acquisitions to maintain momentum as organic growth slows. The trend has pushed deal sizes sharply higher over the past...
Posted: Sep 19, 2025
Helios Underwriting, the publicly listed firm providing direct access to a range of syndicates at the specialist Lloyd’s insurance and reinsurance marketplace, has hired Louis Tucker from Arch Capital Group as its new Chief Executive Officer (CEO)...
Posted: Sep 19, 2025
Insurance Business Magazine - US
Posted: Sep 19, 2025
Roosevelt Road Specialty, a Managing General Underwriter (MGU) that provides customised insurance solutions, has entered into a strategic partnership with Neural Earth Inc., a technology company specialising in artificial intelligence–driven geosp...
Posted: Sep 19, 2025
Home insurance firm Hippo has appointed Laura Hay and Susan Holliday to its Board of Directors, with the former joining the Audit, Risk, and Compliance Committee and the Nominating and Corporate Governance Committee, and the latter the Audit, Risk...
Posted: Sep 19, 2025
Moody’s Ratings has assigned an A3 Insurance Financial Strength Rating (IFSR) to Marco Re Limited, a Guernsey domiciled reinsurer focused on non-life run-off insurance portfolios, reflecting its core status within the broader Marco Capital group....
Posted: Sep 19, 2025
It should come as no surprise that Hollywood has not made many movies about insurance—arguably among the least glamorous of industries. However, there are three insurance-themed films worth watching. Two from the 1940s film noir era are Double Indemn...
Posted: Sep 19, 2025
The Trump administration on Thursday launched an effort to speed development of power plants and transmission lines as artificial intelligence boosts demand, even as it orders fossil fuel plants set to shut for good to keep operating. The Department...
Posted: Sep 19, 2025
XPT Specialty added Rachel Gary to its Pacific Northwest team in its Seattle, Washington office. Gary has more than two decades of insurance industry experience, previously serving a decade-long tenure at Hull & Company, where she progressed from...
Posted: Sep 19, 2025
A federal judge has granted an injunction against the Vermont judiciary in a legal action brought by news outlets aimed at curbing delays when seeking newly filed civil lawsuits. The ruling issued this month by Judge Christina Reiss is the …
Posted: Sep 19, 2025
A federal judge has granted an injunction against the Vermont judiciary in a legal action brought by news outlets aimed at curbing delays when seeking newly filed civil lawsuits. The ruling issued this month by Judge Christina Reiss is the …
Posted: Sep 19, 2025
ACE American Insurance Co. is suing to recover $500,000 it paid in ransomware damages for a staffing company, claiming cloud computing and cybersecurity firms contracted by its policyholder should instead be held responsible due to their alleged negl...
Posted: Sep 19, 2025
Howden, the global insurance and reinsurance broking group, has appointed sports industry expert Jonny Gray as a Senior Advisor to its Sport and Entertainment practice, based in London. This appointment aims to continue the growth of Howden’...
Posted: Sep 19, 2025
Via Transportation Inc., the public transit software maker that went public last Friday, will partner with Waymo to launch autonomous shared rides in Arizona this fall. The program will start in Chandler, whose existing Flex service lets the public b...
Posted: Sep 19, 2025
A copyright infringement lawsuit former Congressman George Santos filed against talk show host Jimmy Kimmel and ABC was properly dismissed by a lower court judge, an appeals court said Monday. The 2nd U.S. Circuit Court of Appeals in Manhattan reject...
Posted: Sep 19, 2025
A Clark County, Washington excavating company was fined $140,500 for knowingly putting workers in danger after a Washington Labor & Industries inspector witnessed employees pulling co-workers out of a 12-foot-deep trench where they were installin...
Posted: Sep 19, 2025
The US Justice Department accused a British teenager on Thursday of engaging in a yearslong spree of cyberattacks that targeted 47 American organizations and netted more than $100 million in ransom payments. Thalha Jubair, 19, from London, participat...
Posted: Sep 18, 2025
By preserving the strengths of heritage systems while leveraging the power of agentic AI, insurers can conquer capability debt, streamline processes, and unlock new opportunities for growth. The post
Posted: Sep 18, 2025