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The Baldwin Group has announced that its indirect subsidiary, Westwood Insurance Agency LLC, has entered into an agreement to acquire the homebuilder distribution network from Hippo Holdings, Inc. and its affiliates, expected to close on or around...
Posted: Jun 12, 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has congratulated Ian Wrigglesworth on his election as President of the Aviation Insurance Association (AIA) for the 2025–2027 term. The AIA is a professional organisation dedicated to...
Posted: Jun 12, 2025
First-quarter data shows sustained upward pricing momentum across most coverage lines, with notable variations by business segment, WTW reports. The post
Posted: Jun 12, 2025
It could take $151 million to repair the Dockside condominium tower in Charleston, which was evacuated in February after an engineering assessment found major structural problems. The Post and Courier newspaper reported that the 19-story building – C...
Posted: Jun 12, 2025
Most countries in the Group of Seven nations are prepared to go it alone and lower the G-7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said. …
Posted: Jun 12, 2025
A wildfire in Oregon prompted officials to issue evacuation orders for hundreds of homes and to close nearly 20 miles of an interstate in the Columbia River Gorge on Wednesday. Gov. Tina Kotek invoked the state’s Emergency Conflagration Act for...
Posted: Jun 12, 2025
A wildfire in Oregon prompted officials to issue evacuation orders for hundreds of homes and to close nearly 20 miles of an interstate in the Columbia River Gorge. Gov. Tina Kotek invoked the state’s Emergency Conflagration Act for the Rowena &...
Posted: Jun 12, 2025
Specialist Risk Group (SRG), an insurance intermediary backed by Warburg Pincus and Temasek, has announced the appointment of Neil Nimmo as CEO – UK. In his new role, Nimmo will oversee SRG’s Retail, Wholesale, and Underwriting businesses in the U...
Posted: Jun 12, 2025
Optio Group, the London-based, independent specialty MGA, announced the launch of new political violence and terrorism (PVT) binders, backed by 100% Lloyd’s of London capacity. The new product provides a US$150 million limit, ensuring comprehen...
Posted: Jun 12, 2025
Swiss Re, a reinsurance company, has issued a warning in its newly published 2025 SONAR report: extreme heat now poses a greater threat to human life than floods, earthquakes, and hurricanes combined. The annual report, which monitors emerging ris...
Posted: Jun 12, 2025
A Boeing Co. 787 Dreamliner aircraft operated by Air India that was bound for London crashed shortly after taking off in Ahmedabad, in what stands to be the worst accident involving the US planemaker’s most advanced widebody airliner. Flight AI...
Posted: Jun 12, 2025
More than 200 bodies have been recovered at the crash site of a Boeing Co. 787 Dreamliner operated by Air India that was bound for London, according to police officials. Flight AI171 crashed shortly after taking off in Ahmedabad in …
Posted: Jun 12, 2025
More than 200 bodies have been recovered at the crash site of a Boeing Co. 787 Dreamliner operated by Air India that was bound for London, according to police officials. Flight AI171 crashed shortly after taking off in Ahmedabad in …
Posted: Jun 12, 2025
Asta, a third-party managing agent at Lloyd’s, has appointed Stuart Logue as Chief Financial Officer (CFO) of Asta Managing Agency, subject to regulatory approval. Logue replaces Richard Barke, who is moving to a senior leadership role at Asta’s o...
Posted: Jun 12, 2025
UK risk managers identified five key themes that could affect their businesses, topped by “technology, AI and cyber,” according to AIRMIC, the British risk management group, which conducted a survey of its members. Nearly 90% of responden...
Posted: Jun 12, 2025
Just Group has completed a c. £150m pensioner buy-in with the MGN Pension Scheme, sponsored by Reach plc, which provides pensions for former employees of Mirror Group Newspapers. The buy-in, which was completed in November 2024, reportedly insures...
Posted: Jun 12, 2025
The Managing General Agents’ Association (MGAA) has partnered with market intelligence platform Insurance DataLab to provide valuable insights to its members and empower the community to make more informed, data-driven decisions. In line with the...
Posted: Jun 12, 2025
Global reinsurance giant Swiss Re views legacy as a long-term business built on trusted relationships, and while positive steps have been taken to improve the resilience and perception of the market, there’s more work to do, according to Janic Sch...
Posted: Jun 12, 2025
Global insurance and reinsurance broker Aon has appointed Chalisa Maythangkul as Director of its Natural Resources team in Asia. Maythangkul brings three decades of industry experience. She joins Aon from Howden Maxi / Howden Singapore, where she...
Posted: Jun 12, 2025
Mercury Insurance’s Climate Science Team Aims to Say...
Posted: Jun 12, 2025
Why FEMA Keeps Denying Disaster Preparedness Aid to States The...
Posted: Jun 12, 2025
Uber Alleges Insurance Fraud Scheme in Florida as It Goes on Legal Offensive Uber Te...
Posted: Jun 12, 2025
For decades, Taiwan’s life insurance companies boasted of above-average returns from their heavy investment in US bonds. That reliance is now a major risk threatening more than $700 billion of assets. Unlike insurers in other countries like Jap...
Posted: Jun 12, 2025
Former NFL player Kelvin Joseph is facing charges for his involvement in a crash that killed a female motorcyclist on a Dallas-area freeway, The Dallas Morning News reported. Police in the Dallas suburb of Richardson said on social media that …
Posted: Jun 12, 2025
Zurich-domiciled catastrophe insurance data provider PERILS AG has disclosed its second industry loss estimate for Cyclone Alfred to AUD 2.25 billion, a 12% dip from its initial loss estimate of AUD 2.568 billion issued in April 2025, six weeks af...
Posted: Jun 12, 2025
New underwriting talent brings decades of expertise and strong broker relationships to support Alta’s continued growth in the excess space. OVERLAND PARK, KS (June 12, 2025) – Alta Risk today announced the addition of two seasoned excess...
Posted: Jun 12, 2025
Compre, a Bermuda-domiciled international specialty reinsurance group, has appointed Rachel Bardon to the newly-created role of chief underwriting officer (CUO), effective 1st September 2025. Based in Bermuda, Bardon will join Compre’s executive c...
Posted: Jun 12, 2025
Tesla Inc. already had a lot riding on its highly anticipated robotaxi launch long before Elon Musk decided to swing a wrecking ball through his alliance with President Donald Trump — and the company’s share price. Now investors are looking ...
Posted: Jun 12, 2025
Howden Re, the reinsurance and strategic advisory division of global broking group Howden, has appointed John Philipsz as Managing Director (MD), Head of Howden Re Australia and New Zealand, effective July 1st, 2025, reporting to Andy Souter, Head...
Posted: Jun 12, 2025
Fabcon, a Delaware corporation with a manufacturing facility in Ohio, was sentenced to pay a $500,000 fine, the statutory maximum, after pleading guilty to willfully violating an Occupational Safety and Health Administration (OSHA) rule, the Departme...
Posted: Jun 12, 2025
Lockton Re, the reinsurance arm of independent insurance broker Lockton, has appointed Daryl Polenz as a Senior Broker, based in Kansas City. Polenz has over three decades of extensive experience in the property & casualty (P&C) reinsuranc...
Posted: Jun 12, 2025
Michigan State University has reached settlements worth about $30 million with three students who survived a mass shooting in 2023, attorneys said Tuesday. Three students were killed and five more were wounded when a man with no connection to the ...
Posted: Jun 12, 2025
Ryan Specialty Underwriting Managers, the specialty underwriting arm of Ryan Specialty, has announced the launch of Ryan Specialty Renewables, a new international business unit that brings together several renewable energy managing general underwr...
Posted: Jun 12, 2025
When an S&P Global Ratings executive asked the leader of Travelers how current challenges like tariff uncertainty, inflation, geopolitical risks influence the insurer’s strategy, Alan Schnitzer delivered an answer that Larry Wilkinson may n...
Posted: Jun 12, 2025
The Trump administration is increasingly skipping a form of federal disaster aid that helps states better prepare for future storms, flooding and wildfires. The Federal Emergency Management Agency rejected requests for such resiliency money, known as...
Posted: Jun 12, 2025
President Donald Trump said his team will move forward with winding down much of the Federal Emergency Management Agency—but not until after a hurricane season that some projections show could be particularly deadly. “We’re going to do it...
Posted: Jun 12, 2025
Regional carrier Silver Airways announced Wednesday it is shutting down operations after a failed attempt at restructuring through bankruptcy, leaving some passengers stranded at airports in Florida, the Bahamas and the Caribbean. “Please do no...
Posted: Jun 12, 2025
Walt Disney and Comcast’s Universal filed a copyright lawsuit against Midjourney on Wednesday, calling its popular AI-powered image generator a “bottomless pit of plagiarism” for its use of the studios’ best-known characters....
Posted: Jun 12, 2025
A new class action lawsuit alleges that digital insurer Lemonade has violated the privacy of as many as 190,000 drivers by disclosing their license numbers to cybercriminals through its online auto insurance quote platform. The complaint filed in fed...
Posted: Jun 12, 2025
A new class action lawsuit alleges that digital insurer Lemonade has violated the privacy of as many as 190,000 drivers by disclosing their license numbers to cybercriminals through its online auto insurance quote platform. The complaint filed in fed...
Posted: Jun 12, 2025
A new class action lawsuit alleges that digital insurer Lemonade has violated the privacy of as many as 190,000 drivers by exposing license numbers to cybercriminals through its online auto insurance quote platform. The complaint filed in federal cou...
Posted: Jun 12, 2025
The former owner and manager of the Royal India Cuisine restaurants in Kirkland and Lynnwood, Washington, face multiple felony theft charges for failing to pay employees nearly $45,000 from 2021 to 2023. Mohammad Rashid Bhatti, 74, and Aeisha Bhatti,...
Posted: Jun 12, 2025
Coalition hired Ilsa Derfus as its director of capacity. At Coalition, Derfus will be responsible for managing relationships with carrier partners and will serve as the primary point of contact for all capacity-related matters. Derfus joins Coalition...
Posted: Jun 12, 2025
Ping An Healthcare and Technology has rebranded as and introduced a new annual healthcare service brand. The new service brand is anchored on three core offerings: “Proactive Family Doctor Care,”...
Posted: Jun 11, 2025
Philadelphia Insurance Co. is currently experiencing a network outage that is affecting its systems. This outage has knocked out the insurer’s phone and email systems, as well as customer access to online applications. “We are working to...
Posted: Jun 11, 2025
Philadelphia Insurance Co. is currently experiencing a network outage that is affecting its systems. This outage has knocked out the insurer’s phone and email systems, as well as customer access to online applications. “We are working to...
Posted: Jun 11, 2025
On Wednesday Erie Indemnity Co. reported that the network outage that has affected all of its systems for five days and is continuing to do so was the result of a data security breach. In a filing with the Securities …
Posted: Jun 11, 2025