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Insurer USAA Expands Presence in Virginia With Purchase of Building

Insurance Journal

Insurer USAA, which serves military veterans and their families, has purchased a new, larger office space in Chesapeake, Virginia to accommodate its expanding membership and workforce. Through the expansion, USAA said it expects to add 500 new jobs t...

Posted: Jun 13, 2025

Insurance Faces Triple Threat From Climate and Environmental Risks

Risk & Insurance

Swiss Re identifies extreme heat, fungi adaptation and plastics litigation as emerging risks requiring industry attention. The post I...

Posted: Jun 13, 2025

WTW Announces Appointments of Eric McMurray and Anne Pullum

Risk & Insurance

The latest people news in the industry today. The post WTW Announces Appointments of Eric McMurray and Anne Pullum appeared first on

Posted: Jun 13, 2025

US home insurance becoming increasingly unaffordable: IRC

Reinsurance News

The average cost of home insurance in the US has increased faster than inflation over the past 20 years, driven by natural disasters, higher repair costs, supply chain disruptions, and population shifts into high-risk areas, according to the Insur...

Posted: Jun 13, 2025

Chuck Kaiser Appointed Chief Communications Officer at Zurich North America

Risk & Insurance

The latest people news in the industry today. The post Chuck Kaiser Appointed Chief Communications Officer at Zurich North A...

Posted: Jun 13, 2025

Sean Hobson Joins Sedgwick as SVP of National Sales in Canada

Risk & Insurance

The latest people news in the industry today. The post Sean Hobson Joins Sedgwick as SVP of National Sales in Canada appeared first on...

Posted: Jun 13, 2025

ARC’s Board appoints David Maslo as interim CEO

Reinsurance News

The Board of African Risk Capacity Ltd (ARC) has announced the appointment of David Maslo as interim CEO, effective 16th June 2025. Maslo brings a strong combination of actuarial expertise and policy insight to this role. He returns to ARC Ltd aft...

Posted: Jun 13, 2025

Tokio Marine Life Insurance Singapore strengthens leadership

coverager

Tokio Marine Life Insurance Singapore (TMLS) has appointed Joanne Yeo as Chief Financial Officer of TMLS and Koh Wei Lee as CEO of Tokio Marine Financial Advisers Singapore (TMFAS), signaling...

Posted: Jun 13, 2025

Tower taps Sedgwick for storm claims surge

coverager

Sedgwick joins as a backup force to maintain continuity during storm seasons.

Posted: Jun 13, 2025

Hatcher Insurance joins Unison Risk Advisors

coverager

URA now includes more than 1,200 employees across 25+ locations.

Posted: Jun 13, 2025

People Moves: Beazley Taps Swiss Re’s Wunderlich as Head of Parametric Insurance; QBE Promotes Brown...

Insurance Journal

This edition of International People Moves details appointments at Beazley and QBE Insurance. A summary of these executive hires follows here. Beazley, headquartered in London, appointed Stefan Wunderlich as head of parametric insurance. Reporting to...

Posted: Jun 13, 2025

New Oklahoma Law Limits Post-Loss Assignment of Benefits on Property Damage

Insurance Journal

Oklahoma lawmakers this legislative session passed a bill limiting post-loss assignment of benefits for property damage under auto, residential or commercial property insurance policies. House Bill 1084 prohibits the solicitation or acceptance of an...

Posted: Jun 13, 2025

Global reinsurance viewed as stable amid uncertainty: S&P

Reinsurance News

At S&P Global Ratings’ 41st Annual North American Insurance Conference, the key topic of conversation was uncertainty, yet S&P believes the industry is well-positioned to withstand it, viewing global reinsurance and North American life and...

Posted: Jun 13, 2025

California, 10 Other States Sue to Block Trump From Killing 2035 EV Rules

Insurance Journal

A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of the state’s 2035 electric vehicle rules and heavy duty truck requirements. U.S. President Donald Trump on Thursday signed three resolutions approv...

Posted: Jun 13, 2025

European Homeowners Battle Insurers Over $2.9 Trillion Climate Risk

Insurance Journal

When Bernard Weisse first noticed a tiny crack in the outer wall of his house on the outskirts of Paris, he dismissed it as little more than a nuisance. But in the four years since, a spiderweb of fissures has …

Posted: Jun 13, 2025

Families of People Killed in Georgia Ferry Dock Collapse Sue Companies That Built it

Insurance Journal

Relatives of seven people who drowned in waters off a Georgia island after a ferry dock walkway collapsed announced Wednesday they filed a lawsuit against the companies that designed and built it. Dozens of people were standing on the metal …

Posted: Jun 13, 2025

RIQ revealed as official name for AI-native reinsurance platform launched by IHC

Reinsurance News

Global investment firm IHC has announced the official launch of Reinsurance Intelligence Quotient (RIQ), the newly named global reinsurance platform based in ADGM (Abu Dhabi Global Market), the international finance centre in Abu Dhabi. “The...

Posted: Jun 13, 2025

JetZero to Build $4.7B Next-Gen Plane Plant in NC With Up to 14,500 Jobs

Insurance Journal

JetZero Inc. announced plans Thursday to build its first manufacturing plant for a next-generation passenger jet in central North Carolina, a project that if successful would create more than 14,500 jobs there in a decade. The California-based startu...

Posted: Jun 13, 2025

Concirrus launches AI underwriting platform in US specialty market

Reinsurance News

Concirrus, a provider of AI-driven insurance solutions, has expanded its presence in the US specialty market with the launch of its new AI underwriting platform. The company revealed it has deployed the platform with “one of the world’s top ten sp...

Posted: Jun 13, 2025

Greece, UK Urge Ships to Avoid Red Sea, Log Hormuz Voyages, Documents Show

Insurance Journal

Greece and Britain have advised their merchant shipping fleets to avoid sailing through the Gulf of Aden and to log all voyages through the Strait of Hormuz after Israel’s large-scale attacks on Iran on Friday, documents seen by Reuters showed....

Posted: Jun 13, 2025

Update: Ships Warned to Avoid Red Sea, Log Hormuz Voyages After Israel Hits Iran

Insurance Journal

Merchant shipping is continuing to pass through the Strait of Hormuz despite Israel’s large-scale attacks on Iran on Friday, the multinational, U.S.-led Combined Maritime Force said, although some shipowners were looking to avoid the region. Ir...

Posted: Jun 13, 2025

Gallagher Re sees signs of recovery in Florida’s insurance market

Reinsurance News

According to the 2024 Year-End Florida Market Watch Report released by reinsurance broker Gallagher Re, Florida’s property insurance market ended the year showing progress across several key financial indicators despite ongoing underwriting pressu...

Posted: Jun 13, 2025

CDI Announces Investigation of State Farm Wildfire Claims Handling

Carrier Management

CDI Announces Investigation of State Farm Wildfire Claims Handling...

Posted: Jun 13, 2025

Hymans Robertson launches risk transfer and investment service for small pension schemes

Reinsurance News

Hymans Robertson has announced the launch of TRUST, a new end-to-end risk transfer and investment service designed to help smaller pension schemes navigate and execute bulk annuity transactions. The service is aimed at schemes with typically £150m...

Posted: Jun 13, 2025

Regulators Are Harming UK as a Financial Center, Lords Warn

Insurance Journal

A culture of risk aversion and mission creep among UK financial regulators is undermining trust and placing costly burdens on banks and insurers, an influential group of parliamentarians found. The House of Lords Financial Services Regulation Committ...

Posted: Jun 13, 2025

‘I Got Up and Ran’: How One Man Survived Plane Crash That Killed 241

Insurance Journal

As Air India Flight AI171 descended toward its doom on Thursday, Ramesh Vishwaskumar sat in the first row of economy class — headed for one of the most harrowing and luckiest moments of his life. After the Boeing Co. 787 …

Posted: Jun 13, 2025

Hippo targets $2bn+ in GWP by 2028

Reinsurance News

At its 2025 Investor Day, Hippo unveiled a three-year strategic roadmap, setting 2028 financial targets that include gross written premiums exceeding $2 billion, adjusted net income above $125 million, and an adjusted return on equity greater than...

Posted: Jun 13, 2025

Search for Answers Begins in Air India Crash That Killed 241

Insurance Journal

Investigators have started combing the wreckage of Air India flight AI171 as they seek to determine what caused the Boeing Co. Dreamliner to crash shortly after takeoff Thursday afternoon, killing all but one of the 242 people aboard in the …

Posted: Jun 13, 2025

Update: Search for Answers Gathers Pace in Deadly Air India Crash

Insurance Journal

Investigators are combing the wreckage of Air India flight AI171 to determine what caused the Boeing Co. Dreamliner to crash on Thursday, killing all but one of the 242 people aboard and resulting in the deadliest aviation accident in more …

Posted: Jun 13, 2025

Singapore Re secures reinsurance branch license to operate as IIO in India’s GIFT City

Reinsurance News

Singapore Reinsurance Corporation Ltd (Singapore Re) has secured a reinsurance branch license from the International Financial Services Centres Authority (IFSCA) to operate as an IFSC Insurance Office (IIO) in Gujarat International Finance Tec-Cit...

Posted: Jun 13, 2025

Volante Global appoints Peter Montanaro as Non-Executive Director

Reinsurance News

Volante Global, an international Managing General Agent (MGA) and Lloyd’s Syndicate, has announced the appointment of Peter Montanaro as Non-Executive Director, effective 1st July 2025. In this role, Montanaro will work closely with Martin Reith,...

Posted: Jun 13, 2025

Bermuda’s long-term insurance sector maintains stability amid systemic risk concerns: BILTIR

Reinsurance News

A recent independent report commissioned by Bermuda International Long Term Insurers and Reinsurers (BILTIR)—an association representing Bermuda-based long-term re/insurance companies—and conducted by Oliver Wyman, a global management consulting f...

Posted: Jun 13, 2025

Jury Awards $500K to Exploited Guatemalan Laborers in Michigan

Insurance Journal

A jury has awarded more than $500,000 to five men from Guatemala who said they were exploited and underpaid by a labor contractor that brought them to Michigan to plant and harvest fruit and vegetables. Much of the verdict last …

Posted: Jun 13, 2025

IQUW promotes Phil Furlong to Head of Technical Underwriting and Oversight

Reinsurance News

Specialty insurer and reinsurer IQUW has promoted Phil Furlong to the newly created role of Head of Technical Underwriting and Oversight, with Mark McDonach succeeding Furlong as Head of Marine, Energy, and Aviation. According to IQUW, in his new...

Posted: Jun 13, 2025

People Moves: Feller Joins Huntington Insurance as Employee Benefits Senior Managing Director

Insurance Journal

Huntington Insurance Inc., headquartered in Columbus, Ohio, named Zack Feller as employee benefits senior managing director. Feller joins Huntington from Keystone, where he most recently served as president of employee benefits. Over his tenure at Ke...

Posted: Jun 13, 2025

Ryan Specialty acquires J.M. Wilson

Reinsurance News

Ryan Specialty, an international specialty insurance firm, has signed a definitive agreement to acquire the business of J.M. Wilson Corporation, a Michigan-domiciled business offering products from personal lines to surety, and transportation expe...

Posted: Jun 13, 2025

Tax Credit to Offset Insurance Deductibles Is Part of Missouri Legislative Package

Insurance Journal

JEFFERSON CITY, Mo. (AP) — Missouri lawmakers on Wednesday approved hundreds of millions of dollars of financial aid to try to persuade the Kansas City Chiefs and Royals to remain in the state and help the St. Louis area recover …

Posted: Jun 13, 2025

People Moves: Big ‘I’ Names Connors ACT Executive Director; WTW Makes Senior Hires to Insurance Cons...

Insurance Journal

Big ‘I’ Names Connors ACT Executive Director The Big “I” appointed Kasey Connors as executive director of the Big “I” Agents Council for Technology (ACT). Connors is a seasoned executive with over 15 years of exper...

Posted: Jun 13, 2025

Coastal Marine names Joe Battle as Chairman and Callum Clark as CEO

Reinsurance News

The Board of Coastal Marine Asia Holdings Ltd. (Coastal Marine), a specialist marine insurance MGA and risk management consultancy, has announced the appointments of Joe Battle as Chairman of the Board and Callum Clark to the newly created role of...

Posted: Jun 13, 2025

Climate Group Says State Farm Rate Hike to Cost California Homeowners $1,000

Insurance Journal

A report from a climate activist group says State Farm’s rate increases, if approved, would cost the average California homeowner more than $1,000. State Farm upped its rate request in May, a week after getting the OK for a large …

Posted: Jun 13, 2025

Researchers Chase Hail Across Great Plains in Effort to Improve Forecasting

Insurance Journal

Wind roared against the SUV’s windows as its tires sloshed through water dumped onto the road by the downpour. A horizon-wide funnel cloud loomed out the window, several miles away. Then came the loud metallic pings on the roof. First …

Posted: Jun 13, 2025

Majesco report urges shift from legacy models to future-ready foundations

Reinsurance News

Majesco, a provider of cloud-based insurance software, has released a new Thought Leadership report, Strategic Priorities 2025: A New Operating Business Foundation for the New Era of Insurance, which outlines why a shift away from legacy operating...

Posted: Jun 13, 2025

Viewpoint: Recalls and Claims Amid A Sea of Regulatory Change

Insurance Journal

The current regulatory and claims environment for products, food and beverage, automobiles, medical devices, and more, is rapidly shifting amid layoffs at the federal level, slowdowns on inspections, and the potential for reduced enforcement. In resp...

Posted: Jun 13, 2025