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Study: Medical Costs Double in California Comp Claims Associated With Functional Restoration Program...

Insurance Journal

Claims associated with functional restoration programs in California’s workers’ compensation system averaged $234,003 total, 59% higher than matched non-FRP claims, a new study shows. A study from the California Workers’ Compensatio...

Posted: Sep 15, 2025

Medical Costs Double in California Comp Claims With Functional Restoration Programs

Insurance Journal

Claims associated with functional restoration programs in California’s workers’ compensation system averaged $234,003 total, 59% higher than matched non-FRP claims, a new study shows. A study from the California Workers’ Compensatio...

Posted: Sep 15, 2025

Extreme Weather Emerges as Top Business Risk, With Billion-Dollar Disasters More Than Tripling in Fi...

Risk & Insurance

Enterprise risk management leaders face mounting pressure to prepare organizations for both physical and transitional climate impacts: Gartner. The post

Posted: Sep 15, 2025

Lloyd’s Reinsurance Profits Surge Despite Looming California Wildfire Impact

Risk & Insurance

Market reports £1.7 billion underwriting profit with 88% combined ratio as segment faces critical test in 2025, AM Best reports. The post

Posted: Sep 15, 2025

AXA XL announces Donnacha Smyth as new Global Chief Underwriting Officer, Casualty

coverager

Smyth currently serves as Head of Casualty for the Americas region.

Posted: Sep 15, 2025

Health In Tech names AI and growth leaders, files Ask Tim trademark

coverager

Health In Tech offers a platform to design, quote, and bind self-funded and level-funded health plans.

Posted: Sep 15, 2025

AmTrust and Blackstone announce deal for AmTrust’s MGA and fee businesses

coverager

Seyna exceeded €91 million in gross written premiums in 2024.

Posted: Sep 15, 2025

Analysis Shows AI Chatbots Can Craft Convincing Phishing Scams: Reuters Special Report

Carrier Management

Analysis Shows AI Chatbots Can Craft Convincing Phishing Scams: Reut...

Posted: Sep 15, 2025

Joint Letter to Congress Opposes Heavier Tractor-Trailer Trucks

Carrier Management

Joint Letter to Congress Opposes Heavier Tractor-Trailer Trucks More than 2,200 local governm...

Posted: Sep 15, 2025

Skyward Specialty Names Zitzmann as President of Inland Marine and Transactional Property

Insurance Journal

Skyward Specialty Insurance Group recruited Christopher Zitzmann as President of Inland Marine and Transactional Property. With more than two decades of experience in the property and inland marine markets, Zitzmann is known for his deep industry exp...

Posted: Sep 15, 2025

Skyward Specialty Names Zitzmann President of Inland Marine, Transactional Property

Insurance Journal

Skyward Specialty Insurance Group recruited Christopher Zitzmann as president of Inland Marine and Transactional Property. With more than two decades of experience in the property and inland marine markets, Zitzmann is known for his deep industry exp...

Posted: Sep 15, 2025

People Moves: World Insurance Associates Adds Posey as Lead of Market Relationships

Insurance Journal

World Insurance Associates announced today that Zach Posey has joined as its new leader of market relationships. Posey, who is based in Chicago, will engage with contingent capital providers to include insurers in developing unique solutions for clie...

Posted: Sep 15, 2025

2024 Workers’ Compensation Benchmarking Study: Balancing Digital Transformation & Human-Centered Cla...

Risk & Insurance

The latest annual report reveals how top payers use AI to amplify human capacity, insight, and connection while preparing teams for the future of work. The post

Posted: Sep 15, 2025

California Extending Cap-And-Trade Program Aimed at Advancing State Climate Goals

Insurance Journal

California will extend a key climate program under a bill state lawmakers passed Saturday, sending the measure to Gov. Gavin Newsom, who has championed it as a crucial tool to respond to the Trump administration’s environmental rollbacks. The D...

Posted: Sep 15, 2025

Six States to Receive Federal Disaster Aid From Summer Floods

Insurance Journal

President Donald Trump has approved federal disaster aid for six states and tribes following storms and floods that occurred this spring and summer. The disaster declarations, announced Thursday, will allow federal funding to flow to Kansas, North Ca...

Posted: Sep 15, 2025

School Bus Carrying Oklahoma Softball Team Crashes, Injuring 7

Insurance Journal

A school bus carrying softball team members in Oklahoma crashed into a deer and overturned, ejecting some passengers and injuring seven people, the state highway patrol said. The crash happened Monday night on State Highway 152 near Minco in Grady &#...

Posted: Sep 15, 2025

Reinsurance industry needs sustainable margins & responsible structures: Aon reinsurer panel

Reinsurance News

The global insurance and reinsurance markets are “all in this together” and as discipline and innovation drive relevance in an increasingly uncertain world, it’s vital that the industry has sustainable margins and responsible str...

Posted: Sep 15, 2025

AI Lets Call Center Agents Focus on Customers

Carrier Management

AI Lets Call Center Agents Focus on Custome...

Posted: Sep 15, 2025

Trump Files to Cancel Approval of Maryland Offshore Wind Farm

Insurance Journal

The Trump administration asked a federal court to cancel the approval of a $6 billion wind project planned off the coast of Maryland as part of a wider effort to halt the development of the offshore clean- energy resource. The …

Posted: Sep 15, 2025

Allianz UK introduces generative AI tool BRIAN

Reinsurance News

Allianz UK, part of the financial services group Allianz SE, has introduced a generative AI tool, BRIAN, to help underwriters respond to customer enquiries, enhancing speed and confidence in decision-making processes. Allianz UK says its new tool...

Posted: Sep 15, 2025

US Political Violence Surges to Record, Bloomberg Analysis Shows

Insurance Journal

Political violence in a polarized US is surging, with the past five years of assassinations and attempts on the lives of politicians the highest on records dating back to the 1960s, a Bloomberg Geo-Economic analysis shows. Since the start of …

Posted: Sep 15, 2025

Exclusive Member of Reinsurance Class of 2025: Duperreault’s Cedar Trace

Insurance Journal

There are certain traits of hard reinsurance market cycles: prices rise, terms and conditions tighten, and new Bermuda reinsurers are formed to help fill capacity needs — known in the past by the market as the “class of 1992,” &#822...

Posted: Sep 15, 2025

AXA XL names Sophie Farhane as Global CUO, Cyber Direct & Indirect

Reinsurance News

AXA XL, the property, casualty and specialty risk division of AXA, has announced the appointment of Sophie Farhane as Global Chief Underwriting Officer (CUO), Cyber, Direct and Indirect. In this role, Farhane will oversee AXA XL’s cyber insurance...

Posted: Sep 15, 2025

Fitch reports seventh year of double-digit growth for US E&S insurance in 2024

Reinsurance News

Fitch Ratings, a credit rating agency and provider of financial research, reported that the US excess and surplus (E&S) insurance market continued its remarkable growth streak in 2024, with direct written premiums rising 11 percent. Although t...

Posted: Sep 15, 2025

Georgia Church Leaders Charged With Buying Homes With False Documents

Insurance Journal

Leaders of a Georgia-based church with congregations in five states have been charged by federal prosecutors with swindling millions of dollars in veterans benefits from parishioners serving in the military. An indictment unsealed in U.S. District Co...

Posted: Sep 15, 2025

Reuters: AI Chatbots Were Happy to Help Craft a Phishing Scam

Insurance Journal

The email seemed innocent enough. It invited senior citizens to learn about the Silver Hearts Foundation, a new charity dedicated to providing the elderly with care and companionship. “We believe every senior deserves dignity and joy in their g...

Posted: Sep 15, 2025

Georgia Judge Won’t Award Attorney Fees to Governments in Rivian Lawsuit

Insurance Journal

A judge has rejected an attempt by the state of Georgia and a local development agency to force people who unsuccessfully sued to block an electric vehicle plant to pay the government’s legal fees. State government and the development authority...

Posted: Sep 15, 2025

The Fidelis Partnership announces senior promotions for Bermuda Treaty team

Reinsurance News

The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has announced senior promotions for both its Bermuda Treaty team and Bermuda based underwriting leadership. These promotions will see Paget Hengesbaugh become Hea...

Posted: Sep 15, 2025

West Virginia Approves More Mining in Area Residents Say is Already Contaminated

Insurance Journal

In 2023, dirty mine water gushed out of the ground behind James Christian’s home, flooding his yard in Wyoming County, West Virginia. Sinkholes formed, a strong sulfur-like odor lingered in the air and oily sheens began coating the creek. Resid...

Posted: Sep 15, 2025

West Virginia Approves More Mining in Area Residents Say Is Already Contaminated

Insurance Journal

In 2023, dirty mine water gushed out of the ground behind James Christian’s home, flooding his yard in Wyoming County, West Virginia. Sinkholes formed, a strong sulfur-like odor lingered in the air and oily sheens began coating the creek. Resid...

Posted: Sep 15, 2025

Underwriting discipline key for re/insurers to fulfil growth aspirations: Morningstar DBRS

Reinsurance News

The key challenge for both insurers and reinsurers as they set out to fulfil their growth aspirations will be to maintain underwriting discipline, Morningstar DBRS observed in a recent report. According to a new report from the firm, despite the i...

Posted: Sep 15, 2025

Rolling Stone, Billboard Owner Penske Sues Google Over AI Overviews

Insurance Journal

The owner of Rolling Stone, Billboard and Variety sued Google on Friday, alleging the technology giant’s AI summaries use its journalism without consent and reduce traffic to its websites. The lawsuit by Penske Media in federal court in Washing...

Posted: Sep 15, 2025

AmTrust, Blackstone Credit & Insurance strike deal to spin off MGA and fee businesses

Reinsurance News

AmTrust Financial Services has entered into a definitive agreement with Blackstone Credit & Insurance (BXCI) to spin off certain Managing General Agencies and fee-based businesses in the U.S., U.K., and Continental Europe into a new independen...

Posted: Sep 15, 2025

Markets/Coverages: MGA Arrow Launches Tech E&O Practice With Bridgehaven Capacity

Insurance Journal

Arrow Risk Management, the London-based specialist MGA underwriting platform, announced a strategic partnership with Bridgehaven Specialty UK Ltd. to launch its tech E&O underwriting practice. The practice will be led by Graeme King, who is one o...

Posted: Sep 15, 2025

NA property a “market of opportunity” despite softening: Howden Re’s Gulbransen

Reinsurance News

In a recent interview with Reinsurance News during RVS 2025, Howden Re’s Wade Gulbransen, CEO North America, offered an optimistic perspective on the current reinsurance market in the region, describing it as a “market of opportunity” despit...

Posted: Sep 15, 2025