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AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of Southern Farm Bureau Casualty Insuran...
Posted: Aug 22, 2025
The latest people news in the industry today. The post CNA Financial Corporation Makes Trio of Executive Appointments appeared first...
Posted: Aug 22, 2025
American Integrity Insurance Group, a specialist residential property insurer, has surpassed 15,000 policies in-force in South Carolina, representing a major milestone in its Southeast growth strategy. This growth in South Carolina underscores the...
Posted: Aug 22, 2025
Concern Rises as Self-Inspected Aging U.S. Railroad Bridges Findings Kept Secret This story was produce...
Posted: Aug 22, 2025
Police Nab Massive $4.5M Cargo Theft Ring Using LA Store as Front An unassuming hardware store was t...
Posted: Aug 22, 2025
The latest people news in the industry today. The post Tara Long Appointed Senior Vice President, Chief Information Officer at...
Posted: Aug 22, 2025
Is your agency a great place to work? Would you call your agency a “Best Place to Work?” Then it’s time to nominate your agency for Insurance Journal’s “Best Agency to Work For” award. To nominate your agency, you...
Posted: Aug 22, 2025
Firefighters will battle intense heat and dry weather Friday as they work to control a fast-moving blaze in the heart of California’s wine country. The Pickett Fire exploded in the hills above the tourist town of Calistoga in the Napa …
Posted: Aug 22, 2025
This edition of International People Moves details appointments at the broker Aon and the MGA Optio Group. A summary of these new hires follows here. Aon’s Commercial Risk Business Promotes Smaje to Lead Transportation & Logistics Insurance...
Posted: Aug 22, 2025
The New Jersey Compensation Rating & Inspection Bureau is mostly back online following a cybersecurity event that caused it to shut down its network more than two weeks ago. The workers’ compensation agency said it “experienced suspic...
Posted: Aug 22, 2025
A new, Dubai-based reinsurance broker, Atrea Risk Solutions DIFC Ltd, has chosen the Dubai International Financial Centre (DIFC) as its strategic base to serve clients across the Middle East, Africa, and Southern Asia (MEASA) region. Atrea Risk sp...
Posted: Aug 22, 2025
The U.S. gymnastics world was only just recovering from a devastating sexual abuse scandal when a promising young coach moved from Mississippi to Iowa to take a job in 2018 at an elite academy known for training Olympic champions. Liang …
Posted: Aug 22, 2025
Postal services across the world are suspending parcel deliveries to the US, citing confusion about how to process millions of low-value packages that will lose their duty-free treatment next week. As of Aug. 29, President Donald Trump is ending the...
Posted: Aug 22, 2025
Nearly seven weeks ago on July 4, the Guadalupe River raged out of its banks and killed more than 130 people, including two teenage counselors and 25 young girls at Camp Mystic who had been asleep in their cabins before …
Posted: Aug 22, 2025
The US will stop issuing worker visas for commercial truck drivers, Secretary of State Marco Rubio said Thursday, the latest in a series of Trump administration moves to clamp down on foreign workers. “Effective immediately we are pausing all i...
Posted: Aug 22, 2025
Viceroy Preferred Insurance Company becomes the 15th property and casualty insurer to enter Florida’s market since the passage of the state’s impactful legislative reforms. Viceroy is domiciled in Florida and is now approved to write insurance in...
Posted: Aug 22, 2025
Marsh Appoints Glod as Global Head of Aviation and Space; Ambrose as Global Chairman; Kline to Lead US Aviation and Space Business Marsh appointed Brian Glod as global head of aviation and space and Tony Ambrose as global chairman of …
Posted: Aug 22, 2025
Two homes on the North Carolina Outer Banks sit precariously in the high waves with their days seemingly numbered. Since 2020, 11 neighboring homes have fallen into the Atlantic Ocean. While the swells from storms like Hurricane Erin make things R...
Posted: Aug 22, 2025
Market leaders maintain strong performance despite record $320 billion in global natural catastrophe losses, AM Best reports. The post
Posted: Aug 22, 2025
David Flandro, Managing Director, Head of Industry Analysis and Strategic Advisory at reinsurance broker Howden Re, has said that “if it wasn’t obvious already, we are now firmly in the hard market softening phase of the rating cycle,&...
Posted: Aug 22, 2025
Reinsurance underwriting remains disciplined, with terms and conditions and attachment points largely intact, despite signs of rate moderation, according to an AM Best market segment report. During the January 2023 renewals, the global reinsurance ma...
Posted: Aug 22, 2025
Two construction workers who contracted Legionnaires’ disease while working at a site in New York City have filed lawsuits against two construction management firms they allege should be held responsible for the workplace conditions that caused...
Posted: Aug 22, 2025
Insurance broker Clear Group has appointed Barbara Duffy as Group Chief People & Performance Officer, effective 8th September 2025, and expanded Victoria Gallimore’s responsibilities as Group Chief of Staff. In her new role, Duffy will lead th...
Posted: Aug 22, 2025
Slovenian-domiciled reinsurer Sava Re reported gross written premiums (GWP) of €91.4 million for the first half of 2025, representing a 13.5% increase compared to €80.5 million a year earlier. The company attributed the premium increase to seizing...
Posted: Aug 22, 2025
Among Europe’s Big Four reinsurers—Swiss Re, Munich Re, Hannover Re and SCOR—life and health (L&H) reinsurance earnings remained consistent in H1’25, supported by steady releases of contractual service margin (CSM) and risk adjustment, accordi...
Posted: Aug 22, 2025
Concirrus, provider of AI-centric insurance solutions, has become the first insurtech company worldwide to secure three major internationally recognised certifications: ISO/IEC 42001 (AI Governance), ISO/IEC 27001 (Information Security Management)...
Posted: Aug 22, 2025
Governments and employers should take urgent action to help protect the health of workers who are increasingly exposed to extreme heat, the United Nations said on Friday. Climate change is making heatwaves more common and intense, and workers worldwi...
Posted: Aug 22, 2025
Aon has revealed that in October 2025, Phil Smaje will assume the role of Global Industry Specialty Leader, Transportation & Logistics, succeeding Lee Meyrick, who will become Chair of a newly created Risk Capital Transportation & Logistic...
Posted: Aug 22, 2025
Hurricane Erin is muddling computer models and making forecasters, analysts and traders question the accuracy of the outlook for heat, wind and storms across Europe next week. Erin, which churned through the Atlantic 330 kilometers (205 miles) off th...
Posted: Aug 22, 2025
Moody’s Ratings, the credit rating agency, has upgraded Ryan Specialty, LLC, a provider of specialty insurance solutions, to reflect the company’s stronger market position and improved financial profile. Ryan Specialty’s corporate family rating wa...
Posted: Aug 22, 2025
Bermuda-domiciled insurer and reinsurer Everest Group has appointed Laura Hay as an independent, Non-Executive member of its Board of Directors. Hay has over three decades of industry experience, and before her retirement in 2023 she was Global He...
Posted: Aug 22, 2025
Green Shield Risk Solutions, a managing general agent (MGA) focused on high-risk insurance markets, has launched its new homeowners programme, Guardian Elite Home. Developed specifically for wildfire-prone areas in Colorado and California, the pro...
Posted: Aug 22, 2025
The Board of Directors of US-based independent reinsurance broker, Holborn Corporation, have unanimously approved the promotion of Stephanie Rabin to Executive Vice President (EVP) and Chief Operating Officer (COO). In the new role, she will conti...
Posted: Aug 22, 2025
Yet another property insurance carrier has been approved to do business in Florida, this one a sister company to Monarch National Insurance, based in Tallahassee. Viceroy Preferred Insurance Co. is at least the 15th new insurer to enter the Florida &...
Posted: Aug 22, 2025
Yet another property insurance carrier has been approved to do business in Florida, this one a sister company to Monarch National Insurance, based in Tallahassee. Viceroy Preferred Insurance Co. is at least the 15th new insurer to enter the Florida &...
Posted: Aug 22, 2025
The Oregon Division of Financial Regulation (DFR) recently received its five-year accreditation from the National Association of Insurance Commissioners (NAIC). The purpose of NAIC accreditation is to ensure that state insurance departments meet base...
Posted: Aug 22, 2025
Brokers in western states take note: there is new help for wildfire risks. Specialty re/insurer SiriusPoint Ltd. is offering capacity to managing general underwriter Arden Insurance Services LLC for a wildfire exposed risks program that includes embe...
Posted: Aug 22, 2025
Volvo Launches Independent Agency Auto manufacturer Volvo has launched an independent insurance agency offering not just car insurance for Volvos but also home and umbrella insurance. The Mahwah, New Jersey-based Volvo Car Insurance Services represen...
Posted: Aug 22, 2025
When Hurricane Helene barreled across several southern states last fall, it destroyed homes and killed more than 150 people. The storm also took out one of the country’s main factories producing intravenous fluid bags widely used in hospitals....
Posted: Aug 22, 2025
According to a new report from AM Best, Asia’s reinsurers are actively expanding to mature overseas markets as part of a move to diversify and be more agile with underwriting cycle management, which is seen as credit positive. With economic moment...
Posted: Aug 22, 2025
Health officials are working to alert hundreds of people in dozens of states and several countries who may have been exposed to rabies in bat-infested cabins in Wyoming’s Grand Teton National Park over the past few months. As of Friday, …
Posted: Aug 22, 2025
Investigators on Tuesday were trying to determine what caused an explosion aboard a cargo ship laden with coal as it departed Baltimore’s harbor for East Africa. Officials said no one was injured in the blast Monday evening, which prompted a &#...
Posted: Aug 22, 2025
Montoya Joins Liberty Naranjo as VP, Producer The Liberty Company Insurance Brokers (Liberty), headquartered in Gainesville, Florida, named Brittany Montoya vice president and producer at Liberty Naranjo, Liberty’s high-growth Northern Californ...
Posted: Aug 22, 2025
As President Donald Trump attempts to reshape college admissions, he’s promising a new era of fairness, with an emphasis on merit and test scores and a blind eye toward diversity. Yet the Republican president’s critics — and some allies —...
Posted: Aug 22, 2025
The shift to autonomous vehicles represents a great unknown for the auto insurance industry, but to analysts at Bank of America Corp. it will be a potential goldmine. Investors are concerned about liability when driverless cars become more mainstream...
Posted: Aug 22, 2025
Less than one percent of customers who filed detailed complaints about checking or savings account closures with the U.S. Consumer Financial Protection Bureau over the last 13 years accused banks of acting for political or religious reasons, even as...
Posted: Aug 22, 2025
$100B-Plus and Growing: Aon Reports on MGA Market Aon published a report...
Posted: Aug 21, 2025
The integration embeds digital disbursements into Klear.ai’s system, enabling insurers and TPAs to issue payments without leaving the platform.
Posted: Aug 21, 2025
The Chicago-based digital insurer begins writing policies in Minnesota as part of a planned five-state expansion through early 2026.
Posted: Aug 21, 2025