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When Hurricane Katrina slammed into New Orleans in August 2005, causing greater insurance losses than any other natural disaster in history, it became clear that a lot of the city’s flood protection engineering — walls, pumps, levees — had fail...
Posted: Aug 29, 2025
ACORD, the global standards-setting body for the insurance industry, has announced the launch of the Next-Generation Digital Standards (NGDS) Object Model, designed to streamline digital data exchange across the insurance industry. The NGDS Object...
Posted: Aug 29, 2025
OpenAI, Altman Sued Over ChatGPT’s Role in Teen’s Suicide The parents of a teen who died by suici...
Posted: Aug 29, 2025
Crews cleaned up downed trees and got electricity mostly restored for thousands of people this week after a powerful dust storm roared through the Phoenix area. The wall of dust towering hundreds of feet high dwarfed the city’s neighborhoods. C...
Posted: Aug 29, 2025
A jury has awarded at least $2.2 million to a protester who was shot in the face with a less-lethal munition by a Los Angeles sheriff’s deputy during a demonstration against police brutality in 2020. In the verdict last week, …
Posted: Aug 29, 2025
Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty, has announced the appointment of Alan Ferguson as Chief Executive Officer of US Assure, effective September 1, 2025. Ferguson, who will continue t...
Posted: Aug 29, 2025
kWh Analytics, a climate insurer and risk manager for renewable energy projects, through its licensed insurance entity, Solar Energy Insurance Services, Inc., has expanded its portfolio with a new Excess Natural Catastrophe coverage to protect the...
Posted: Aug 29, 2025
Heavy rain caused flooding and landslides Wednesday in parts of Southeast Asia, where at least eight deaths were reported in the aftermath of a tropical storm. Flooding occurred in several northern and central provinces of Vietnam, where seven people...
Posted: Aug 29, 2025
Fitch Ratings’ review of GAAP financial results for 41 North American (NA) re/insurers showed strong operating returns, strong underwriting results, and higher investment income in the first half of 2025, despite elevated catastrophe activity. Fit...
Posted: Aug 29, 2025
Kenya’s biggest publicly traded insurer by market value is planning expansion in African nations with low insurance penetration to augment and diversify revenue. Britam Holdings Ltd., which already has operations in seven African nations, will...
Posted: Aug 29, 2025
China Reinsurance (Group) Corporation (China Re) released its unaudited results for the first half of 2025, reporting a net profit of RMB 6,599 million, up 11.4% from RMB 5,922 million in the same period a year earlier. The Group achieved gross wr...
Posted: Aug 29, 2025
Liberty Mutual Reinsurance (LM Re) and Safehub, a provider of seismic sensor and risk management technology, announced the launch of an earthquake parametric insurance solution, called “ShakeNet Parametric.” With capacity provided by LM R...
Posted: Aug 29, 2025
AXA COLPATRIA, AXA Climate, Fondo Acción, and WTW Alternative Risk Transfer, have jointly designed a parametric insurance programme to protect coral reefs in the Colombian Archipelago of San Andrés, Providencia and Santa Catalina. In this effort,...
Posted: Aug 29, 2025
Allianz Trade, a provider of trade credit insurance and part of the Allianz Group, has appointed company veteran, Tetsushi Kitano as Country Manager for Thailand, effective September 1st, 2025. The appointment aligns with Allianz Trade’s str...
Posted: Aug 29, 2025
Ledgebrook Inc., a technology-focused provider in the Excess and Surplus Lines insurance sector, has launched Ledgebrook Re, a boutique reinsurance brokerage and advisory firm dedicated to supporting the next generation of insurance innovators. Le...
Posted: Aug 29, 2025
Mitsui Sumitomo Insurance, a subsidiary of MS&AD Insurance Group Holdings, has announced the launch of its new parametric insurance product, “Weather Insurance Index”, a new offering designed to help insurers manage financial losse...
Posted: Aug 29, 2025
Canada’s record-breaking 2023 wildfire season led to a spike in air pollution in the country and in the US, erasing recent progress in cleaning up the air, according to new analysis. The wildfires, which burned 42 million acres of Canadian R...
Posted: Aug 29, 2025
S&P Global Ratings has upgraded Ascot Group Limited, a Bermuda-based specialty re/insurance company, raising its long-term issuer credit rating to BBB+ from BBB. At the same time, S&P assigned an A long-term financial strength rating to As...
Posted: Aug 29, 2025
The wildfires that raged across Greece, Turkey and Cyprus this summer were 22% more intense and 10 times more likely than they would have been in a world without climate change, according to scientists. The extremely hot, dry and windy …
Posted: Aug 29, 2025
Insurance Business Magazine - US
Posted: Aug 29, 2025
The European “Big Four” reinsurers—Swiss Re, Munich Re, Hannover Re and SCOR—still have appetite for property catastrophe, despite market conditions beginning to show signs of softening, according to a recent AM Best report. The ratings agency not...
Posted: Aug 29, 2025
A Sierra Club employee filed a workplace misconduct complaint earlier this year with the board of directors alleging that then-executive director Ben Jealous engaged in sexual harassment and bullying. The employee’s complaint, reviewed by Bloom...
Posted: Aug 29, 2025
HDI Global, a commercial and specialty lines insurer, has announced the appointment of Nikita Tikhonov as its new Head of Marine Global Risk, effective 1st September, 2025. Based at HDI Global’s Hannover, Germany headquarters, Tikhonov will...
Posted: Aug 29, 2025
Insurance industry rating agency AM Best on Thursday affirmed the financial strength rating of A+ (Superior) for the Allstate Insurance Group. The Oldwick, N.J.-based firm noted Allstate’s “favorable market position in the private passeng...
Posted: Aug 29, 2025
The US, Japan and South Korea pledged to intensify efforts to block North Korea’s use of overseas IT workers to raise money for its weapons programs, warning that Pyongyang’s operatives are using increasingly sophisticated tactics to evad...
Posted: Aug 29, 2025
GULFPORT, Miss. (AP) — Rocking on his front porch overlooking the Mississippi Sound, former Gulfport Mayor Billy Hewes questions how anyone wouldn’t want to live there. “People are always going to gravitate to the water,” he said. &...
Posted: Aug 29, 2025
Since 2021, religious schools in Vermont have been receiving an increasing amount of money through Vermont’s school tuitioning program. But Act 73, Vermont’s wide-ranging education reform law signed into law in July, effectively halts tha...
Posted: Aug 29, 2025
Aspire General Insurance announced the completion of a strategic debt financing agreement with Comvest Partners. The investment will enhance California-based Aspire’s capital position, enabling expanded capabilities, deeper market penetration,...
Posted: Aug 29, 2025
Aspire General Insurance announced the completion of a strategic debt financing agreement with Comvest Partners. The investment will enhance California-based Aspire’s capital position, enabling expanded capabilities, deeper market penetration,...
Posted: Aug 29, 2025
IMA Financial Group, Inc., a North American insurance brokerage firm specializing in risk management, wholesale brokerage and wealth management, has named Dan Mize as its new Wichita market president, effective Aug. 15. Jeff Jamison, who previously h...
Posted: Aug 29, 2025
IMA Financial Group, Inc., a North American insurance brokerage firm specializing in risk management, wholesale brokerage and wealth management, has named Dan Mize as its new Wichita market president, effective Aug. 15. Jeff Jamison, who previously h...
Posted: Aug 29, 2025
A Massachusetts couple was arrested this week for their alleged involvement in a scheme that defrauded at least 50 individuals or insurance providers of more than $700,000 through their insurance agency, BL Insurance Brokerage, LLC. Brendan Lawler an...
Posted: Aug 29, 2025
Novatae Risk Group, the wholesale business of leading insurance brokerage World Insurance Associates, has announced that Richard Kerr, CEO, has left the firm effective Aug. 22, and its president, Nick Greggains, is assuming all of Kerr’s respon...
Posted: Aug 29, 2025
Vermont Governor Phil Scott has submitted a formal request to President Donald J. Trump for a major disaster declaration to help communities in Caledonia and Essex counties recover costs for repairing public infrastructure damage caused by rainfall a...
Posted: Aug 29, 2025
Explore the surge in outdoor recreation and its impact on the insurance industry. The post Nature’s Call: The Rising Popularity o...
Posted: Aug 28, 2025
Cyber Outlook Report Finds Gaps, Outlines Holistic Approach to Protections...
Posted: Aug 28, 2025
Sompo to Acquire Aspen for $3.5 Billion to Expand Global Access Sompo Hol...
Posted: Aug 28, 2025
The company generated a net income of $13 million in the quarter.
Posted: Aug 28, 2025
The program, which is available for Pixel phones, watches, tablets, and Fitbit devices, can be added within 60 days of purchase.
Posted: Aug 28, 2025