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The Mexican navy tall ship that struck the Brooklyn Bridge was underway for less than 5 minutes before its masts crashed into the historic span, and radio calls indicating it was in distress went out only 45 seconds before the …
Posted: May 21, 2025
Insurance broker Marsh has announced the launch of its Data Centre Insurance and Risk Management Services, to support global clients across data centre and digital infrastructure lifecycle to safeguard critical assets. This new offering has been d...
Posted: May 21, 2025
Jon Kattman has been appointed Head of Inland Marine at Aspen Insurance, where he will lead the underwriting team, overseeing its strategy and risk management operations. Kattman, who holds over 14 years of dedicated underwriting experience, has s...
Posted: May 21, 2025
In what is currently regarded as the costliest severe weather event of 2025, a widespread tornado outbreak across the U.S. Midwest and Southeast has resulted in substantial economic and insured losses, with Cotality estimating that approximately 6...
Posted: May 21, 2025
Insurance Europe supports the European Insurance and Occupational Pensions Authority (EIOPA)’s draft AI Opinion for providing clarity on applying existing insurance legislation to AI systems; however, it warns that the current draft may unintentio...
Posted: May 21, 2025
Data analytics and technology provider Verisk has revealed that Christopher J. Perry and Sabra R. Purtill have been elected to the company’s Board of Directors, effective immediately. Perry, who has over 25 years of experience in banking, brokerag...
Posted: May 21, 2025
Third Point LLC, the New York based alternative asset manager, has proposed an all-share combination with Malibu Life Reinsurance SPC, a Cayman Islands-based life and annuity reinsurance platform launched by Third Point in May 2024. The proposed t...
Posted: May 21, 2025
Global fintech Acrisure has entered into a definitive agreement for the issuance of new convertible senior preferred stock in a $2.1 billion capital raise led by Bain Capital. These funds will be used to refinance a portion of its existing non-con...
Posted: May 21, 2025
Marks & Spencer Group Plc is facing a £300 million ($403 million) hit to operating profit this fiscal year from a cyberattack that’s still disrupting the company’s sales and operations. The British retailer will try to mitigate the im...
Posted: May 21, 2025
Jo Williams, a seasoned leader in property catastrophe and risk modelling, has been appointed as the new Head of Insurance Sales at Reask, a science and technology company focusing on extreme weather modelling. Williams’ extensive experience...
Posted: May 21, 2025
Great American announces the promotion of Daniel M. Keenan to Divisional President, Trucking.
Posted: May 21, 2025
Ryan Specialty, an international specialty insurance firm, has acquired 360° Underwriting, a managing general underwriter (MGU) specialising in commercial construction. 360, founded in 2027 and based in Dublin and Galway, Ireland, will become a pa...
Posted: May 21, 2025
Thoma Bravo-backed Nearmap has agreed to buy insurance technology provider itel from private equity firm GTCR, the companies said on Tuesday, as it looks to expand its offerings across property portfolios. The deal values itel at over $1.3 billion, i...
Posted: May 21, 2025
The European Union’s agriculture industry is losing €28 billion ($31.5 billion) a year due to increasing climate risks, such as droughts and flooding, according to a new study. Those losses from adverse weather equate to about 6% of production,...
Posted: May 21, 2025
New Jersey-based World Insurance Associates, one of the larger brokerages in the country, has continued its expansion plans with the recent acquisition of two agencies in South Carolina, the firm announced this week. Owens Insurance Agency, in Greer,...
Posted: May 21, 2025
Roots, a provider of AI-powered solutions for the insurance industry, has announced the appointment of Robin Spaulding as Head of Insurance. In this role, Spaulding will lead the ongoing development of Roots’ insurance capabilities, focusing on he...
Posted: May 21, 2025
Alphabet’s self-driving unit Waymo said on Monday it received approval from California to expand its robotaxi operations in more areas of the San Francisco Peninsula and further south, including San Jose. Waymo’s permission from Californi...
Posted: May 21, 2025
Until reforms are in place insurers will need to remain on top of the latest judiciary trends. The post Legal Syste...
Posted: May 20, 2025
Insurance Gap Highlights Texas’ Growing Flood Risk Texas is facing a critical sho...
Posted: May 20, 2025
State Attorneys General Oppose AI Regulation Ban Over Risk...
Posted: May 20, 2025
Progressive Acknowledges Passing of Former CEO Renwick The Progressive...
Posted: May 20, 2025
Insurance Business Magazine - US
Posted: May 20, 2025
The P&C insurer has implemented the Finys Suite to enhance agent workflows and support homeowners and farm owners policies.
Posted: May 20, 2025
The insurer will use Neutrinos’ platform to reach underserved U.S. consumers.
Posted: May 20, 2025
The capital will support refinancing, M&A, and technology expansion for the $32 billion fintech and insurance services firm.
Posted: May 20, 2025
The American Property Casualty Insurance Association (APCIA) recently launched a public awareness compaign on the importance of parents encouraging teens to be safe behind the wheel.
Posted: May 20, 2025
With the roll out of roadside assistance.
Posted: May 20, 2025
The LM Re-developed livestock farming product leverages the expertise of parametric flood platform Floodbase and EarthDaily.
Posted: May 20, 2025
Capsule will facilitate access to cyber insurance coverage for UK organizations deploying Sophos’ cybersecurity solutions via a managed services provider.
Posted: May 20, 2025
The transaction values Itel at about $1.3 billion including debt.
Posted: May 20, 2025
[b]The Next Era of Insurance Operations[/b] ITL Editorial Team Tue, 05/20/2025 - 14:59 ...
Posted: May 20, 2025
The Next Era of Insurance Operations AI & Machine Learning
Posted: May 20, 2025
AI in Insurance: Hype, Risk or Real Transformation? AI & Machine Learning
Posted: May 20, 2025
Telemedicine and Remote Monitoring Life & Health
Posted: May 20, 2025
The Businesses Insurers Are Overlooking Commercial Lines
Posted: May 20, 2025
How AI Helps With Climate Uncertainty AI & Machine Learning
Posted: May 20, 2025
3 Ways AI Can Help Insurance Agents Sell More Agent & Broker
Posted: May 20, 2025
The U.S. Senate will move this week to block California from enforcing a series of vehicle emissions standards that are tougher than the federal government’s, including first-in-the-nation rules phasing out the sale of new gas-powered cars by 2...
Posted: May 20, 2025
The U.S. Senate will move this week to block California from enforcing a series of vehicle emissions standards that are tougher than the federal government’s, including first-in-the-nation rules phasing out the sale of new gas-powered cars by 2...
Posted: May 20, 2025
A multiday severe weather outbreak across the central U.S. caused an estimated $9 billion to $11 billion in total damages and economic loss, according to AccuWeather preliminary estimates. More than 70 tornadoes have been reported since May 16. Autho...
Posted: May 20, 2025
Ryan Specialty, the Chicago-based international specialty insurance firm, announce that it has acquired 360° Underwriting (360), a managing general underwriter specializing in commercial construction. 360 is based in Dublin and Galway, Ireland, and w...
Posted: May 20, 2025
Insurance industry financial strength rating agency AM Best said today that a decision to stop updating a National Oceanic and Atmospheric Administration disaster database could be detrimental to insurers and may require the rethinking of some produc...
Posted: May 20, 2025
An Iowa-based ice cream manufacturer has recalled nearly 18,000 containers of ice cream and frozen yogurt over concerns they could contain pieces of plastic. Wells Enterprises issued the voluntary recall last month, according to recently released inf...
Posted: May 20, 2025