All Posts
A little nonsense, now and then, is relished by the wisest men ” [The NAIC says its] “priorities aim to foster an innovative, competitive, and secure insurance marketplace, enhance access to insurance … and strengthen coordination between the federal...
Posted: Jul 01, 2025
Illinois Attorney General Kwame Raoul announced a settlement with Midway Staffing Inc. (Midway) that resolves allegations the temporary staffing agency entered into no-poach agreements and engaged in wage fixing with other staffing agencies. This set...
Posted: Jul 01, 2025
Empathy is essential in your leadership toolkit [I]t might be helpful to think of empathy as sympathy’s street-smart, cooler cousin. She’s been through stuff, so to speak, and she knows things. By Meg McKeen, CIC Earlier this spring, my partner and...
Posted: Jul 01, 2025
Tesla Inc. Chief Executive Officer Elon Musk said a Tesla Model Y SUV drove itself from the company’s factory near Austin to a customer’s home in the company’s latest move to showcase its push into autonomous driving. In a post R...
Posted: Jul 01, 2025
Specialty re/insurance rates remain adequate on average and are trending downward, though a soft market is likely still 2–3 years away, according to a recent report by Peel Hunt. Following their participation in the recent Lloyd’s Tour, Peel Hunt...
Posted: Jul 01, 2025
A 20-year-old man’s life appeared to have begun to unravel in the months before authorities say he fatally shot two firefighters and severely wounded a third as they responded to a wildfire near Coeur d’Alene, Idaho. Wess Roley was living...
Posted: Jul 01, 2025
Global insurer Chubb has announced the appointment of Mark Shaw as Division President of Chubb Workplace Benefits (CWB). CWB offers a portfolio of streamlined solutions tailored for mid-to-large-sized businesses and the brokers who serve them. Its...
Posted: Jul 01, 2025
July 2025 ITL FOCUS: IoT IOT fishman@theins… Tue, 07/01/2025 - 11:26 ...
Posted: Jul 01, 2025
Texas’ medical marijuana dispensaries entered into this year’s legislative session with a two-prong strategy to expand: to loosen the state’s rules on their industry that has made the program largely inaccessible to those who need i...
Posted: Jul 01, 2025
Bishop Street Underwriters announced that it has acquires Ohio-based Aerospace Insurance Managers, a general aviation insurance services provider, from Hallmark Financial. This acquisition marks Bishop Street’s entry into the aviation insurance...
Posted: Jul 01, 2025
The independent specialist insurance and reinsurance broker, BMS Group, has expanded its global presence with the acquisition of Queensland-based Corporate and Commercial Insurance Brokers. Founded in 2006, Corporate and Commercial Insurance Broke...
Posted: Jul 01, 2025
The Ardonagh Group, the London-based independent insurance distribution platform, announced the completion of a $2.5 billion equity investment led by funds managed by Stone Point Capital LLC, the US-based private equity firm. The investment, which va...
Posted: Jul 01, 2025
President Donald Trump’s Department of Government Efficiency initiative has pushed the U.S. markets watchdog to loosen Wall Street rules around blank-check companies and confidential reporting by private investment funds, according to two peopl...
Posted: Jul 01, 2025
A misused and overlooked asset for creating positive customer experiences “The physical spaces we inhabit influence us in various ways, not only affecting our mood and comfort but also impacting our productivity and social interactions.” —Yi-Chun Li...
Posted: Jul 01, 2025
For two airlines, each with a different thrust, quality reigns supreme [T]rain and educate your people as if someone’s life depended on it. By Cheryl Koch, CPCU, ARM, AAI, ACSR, AFIS, and Mary Belka, CPCU, ARM, ARe, RPLU, CIC Most road warriors, suc...
Posted: Jul 01, 2025
Munich Re Group has finalised the acquisition of NEXT Insurance, integrating it into the management structure of ERGO Group AG, its major primary insurance business. The transaction, announced earlier in the year, was completed with the companies...
Posted: Jul 01, 2025
The U.S. Supreme Court delivered setbacks to environmental interests in a series of recent rulings including by further restricting the Environmental Protection Agency’s authority and relaxing requirements for environmental impact studies for p...
Posted: Jul 01, 2025
Vienna Insurance Group (VIG) has announced that Peter Thirring will assume the role of Chairman of the VIG Supervisory Board, effective 1st July 2025. The decision was made during the constituent meeting following VIG’s 33rd Annual General Meeting...
Posted: Jul 01, 2025
At a trucking school in New Jersey, students are maneuvering 18-wheelers around traffic cones. Other future drivers look under hoods to perform safety checks, narrating as they examine steering hoses for cracks and leaks. An instructor glides between...
Posted: Jul 01, 2025
South Carolina’s Department of Insurance is reminding carriers that it may soon give extra scrutiny to liquidity and capital as well as investments in subsidiaries’ securities, thanks to a law approved by state legislators this year. R...
Posted: Jul 01, 2025
Total losses and expenses in California’s workers’ compensation system incurred in 2024 were $16.7 billion, or 108% percent of earned premium, a report out today shows. The Workers’ Compensation Insurance Rating Bureau of California...
Posted: Jul 01, 2025
Total losses and expenses in California’s workers’ compensation system incurred in 2024 were $16.7 billion, or 108% percent of earned premium, a report out today shows. The Workers’ Compensation Insurance Rating Bureau of California...
Posted: Jul 01, 2025
The Republican-led U.S. Senate voted overwhelmingly on Tuesday to remove a 10-year federal moratorium on state regulation of artificial intelligence from President Trump’s sweeping tax-cut and spending bill. Lawmakers voted 99-1 to strike the b...
Posted: Jul 01, 2025
Navigating gaps between faulty workmanship and contractors professional liability By Natalie Sherod, CPCU, CRM, CIC Faulty workmanship and contractors professional liability (CPrL) exposures continue to challenge construction firms and insurance adv...
Posted: Jul 01, 2025
Howden, the global insurance and reinsurance broking group, has announced the appointment of Lee Vanderson as Head of Specialty for the Philippines. In his new role, Vanderson will focus on expanding Howden Specialty’s presence in the Philippines...
Posted: Jul 01, 2025
The Heritage Insurance Agency team This Chico, California, agency loves and protects the people who grow and raise our food “[W]e truly understand the market that we serve; we speak their language. But to maintain this advantage, we have to continual...
Posted: Jul 01, 2025
A buildup of unsold houses sitting on the market for weeks is becoming a new reality in once-booming housing areas across the Sun Belt. Real estate agents in the South and Southwest say they’re seeing more people list homes, giving …
Posted: Jul 01, 2025
Despite comprising a majority of the workforce in the insurance sector, finding women who have advanced to the C-suite is difficult By Lori Widmer On its surface, the news is exciting: According to figures shared by the Insurance Information Institut...
Posted: Jul 01, 2025
Gaining the clarity and wisdom needed to run an independent insurance agency By Carey Wallace The average adult is estimated to make 35,000 decisions in each day. It is tough to think about how many decisions we each make in a year. As our world is c...
Posted: Jul 01, 2025
A young woman embraces her authenticity and overcomes barriers to carve out her place in the industry’s nonprofit sector By Elisabeth Boone, CPCU “I was in a math class in college and the student sitting next to me asked if I’d heard of actuarial sci...
Posted: Jul 01, 2025
Significant developments in the market have led to emerging risks By Jude Sedliak During the last few years, significant developments in the real estate market have led to emerging risks and an increasingly challenging professional liability insuranc...
Posted: Jul 01, 2025
Two industry thought leaders develop AI product specifically trained on insurance knowledge By Christopher W. Cook As someone who had never worked in the insurance industry prior to being hired onto the editorial team for Rough Notes magazine, on my...
Posted: Jul 01, 2025
Strategies for creating an “environment” for employees who rarely connect in person By Lindsey Jordan As remote and hybrid work models continue to reshape the modern workplace, team dynamics are evolving in profound ways. These flexible arrangements...
Posted: Jul 01, 2025
U.S. cyber insurance premiums fell 2.3% to $7.075 billion in 2024 as pricing cuts reshape market dynamics while demand remains steady, AM Best reports. The post
Posted: Jul 01, 2025
Earnings diversity and robust capital has led S&P to upgrade its long-term issuer and financial strength ratings on Arch’s core re/insurance subsidiaries to ‘AA-’ from ‘A+’ and issuer credit rating on the holding company, Arch Capital Group Lt...
Posted: Jul 01, 2025
New Hampshire residents will soon be able to carry an electronic version of their driver’s license in their cell phones or other devices, although they will still have to also keep a physical license on their person while driving. Legislation &...
Posted: Jul 01, 2025
Mead credits his predecessor Richard Smith with navigating the challenges of COVID. The post Six Questions for Outgoing VCIA President Kevin Mead
Posted: Jul 01, 2025
Old Republic Specialty Insurance Group, the largest business segment of Old Republic International Corporation and which specialises in the property and casualty market, has appointed Daniela James as Senior Vice President, Chief Reinsurance Offic...
Posted: Jul 01, 2025
Accelerant has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed underwritten initial public offering (IPO). While the timing of the offering, number of Class A common shares t...
Posted: Jul 01, 2025
Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, announced that Rod Fox is stepping down as executive chairman and is leaving the business. He is succeeded by Elliot Richardson, who steps into the role with ...
Posted: Jul 01, 2025
Global reinsurer Swiss Re has announced Gianfranco Lot will take on the additional role of Country President Switzerland, succeeding Urs Baertschi. In this expanded capacity, Lot will be responsible for representing Swiss Re’s interests in Switzer...
Posted: Jul 01, 2025
More than a thousand schools were closed in France on Tuesday and the top floor of the Eiffel Tower was shut to tourists as a severe heatwave continued to grip Europe, triggering health alerts across the region. The Mediterranean Sea …
Posted: Jul 01, 2025
AXA has completed the sale of AXA Investment Managers (AXA IM) to BNP Paribas for cash proceeds of €5.1 billion. AXA has also finalised the sale of Select to AXA IM for €0.3 billion, bringing the total value to the previously announced €5.4 billio...
Posted: Jul 01, 2025
A “bomb cyclone” has lashed Australia’s most populous state with heavy rain and strong winds, forcing airlines to cancel domestic flights and prompting evacuation warnings in coastal communities. Authorities on Tuesday warned that p...
Posted: Jul 01, 2025
BNP Paribas SA has finalized its purchase of AXA SA’s investment unit, creating one of Europe’s largest asset managers. The newly formed business will have more than €1.5 trillion ($1.8 trillion) in assets under management, according to a...
Posted: Jul 01, 2025