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Taking a Step Back: Why It’s Important to Take Time to Unwind In an Industry That Never Stops

Insurance Journal

Like every kid, I looked forward to the freedom and relaxation of summer vacation with great anticipation when I was growing up. The idea of being completely free from the pressure to perform and the deadlines of assignments was always …

Posted: May 18, 2025

New North Dakota Law Shields Bayer From Roundup Lawsuits

Insurance Journal

By David A. Lieb A new first-of-its-kind law enacted in North Dakota could shield agrochemical manufacturer Bayer from lawsuits claiming it failed to warn customers that its popular weedkiller Roundup could cause cancer. Though the immediate effect m...

Posted: May 18, 2025

Orion180’s New FLEX Home Insurance Gives Policyholders More Control

IA Magazine

Policyholders can choose from various deductible and co-pay options to balance upfront home insurance costs with long-term savings.

Posted: May 18, 2025

Why the E&S Market Continues to Grow

IA Magazine

The hard market is among the causes for the growth of the excess & surplus market that had previously been considered a safety valve for the admitted market.

Posted: May 18, 2025

P&C Insurance Market Reports Best Underwriting Results Since 2013

IA Magazine

U.S. property & casualty insurers recorded an underwriting gain of $24.8 billion in 2024, showing significant improvement compared to the underwriting loss of $21.8 billion in 2023.

Posted: May 18, 2025

Triple-I: Resilience, Collaboration and Investment Essential to Mitigate Growing Wildfire Risk in US

Insurance Information Institute

For Immediate Release: California Press Office, Janet Ruiz, 707-490-9365, [email protected]   SAN DIEGO, May 19, 2025 – The Insurance Information Institute (Triple-I) today published its latest wildfire Issues Brief highlighting how fire risk is escalat...

Posted: May 18, 2025

Duck Creek Names Tyler Jones Chief Marketing Officer

IIR

Jones will lead global marketing strategy as Duck Creek expands its global presence.

Posted: May 18, 2025

Indigo Adds Expert Witness Liability to Malpractice Coverage

IIR

The new policy feature offers protections for physicians who testify.

Posted: May 18, 2025

Bridge Collapses, Labor Shortages, and Rising Costs: The Insurance Battle Behind Public Projects

Risk & Insurance

Supporting public entity infrastructure may seem like a tall task, but insurers and brokers can play a vital role in moving mega projects forward. The post

Posted: May 18, 2025

AXA partners with Hong Kong Swimming Academy

coverager

The HKSA is located next to AXA Dreamland, a venue within GO PARK Sai Sha sponsored by AXA.

Posted: May 17, 2025

Acera Insurance appoints Hugh Watt as COO

coverager

Hugh started with Acera Insurance on May 1, 2025.

Posted: May 17, 2025

Wall Street’s Next Crash Won’t Be Human-Induced: The Looming Threat of AI-Triggered Market Meltdowns

Risk & Insurance

AI is increasingly used by traders to make fast decisions and maximize profits, but the speed of these decisions and the lack of human oversight means that the ripple effects of just a few transactions can quickly amplify and send markets into a t...

Posted: May 17, 2025

Severe Storm Batters St. Louis, Leaving At Least 4 Dead

Insurance Journal

At least four people died and authorities were searching from building to building for people who were trapped or hurt after severe storms including a possible tornado swept through St. Louis. The storms Friday afternoon tore roofs off buildings, rip...

Posted: May 16, 2025

NormanMax acquires FloodFlash

coverager

FloodFlash will continue operating as an MGA and Lloyd’s coverholder.

Posted: May 16, 2025

Bridge Specialty Group acquires Tim Parkman, Inc.

coverager

Founder Tim Parkman will remain involved in the business in an oversight capacity.

Posted: May 16, 2025

Edison Plans $6.2 Billion Fire-Prevention Plan After LA Blazes

Insurance Journal

Four months after devastating wildfires swept across Los Angeles, Edison International’s Southern California utility submitted a $6.2 billion mitigation plan that includes installing hundreds of miles of underground distribution lines, among ot...

Posted: May 16, 2025

Workers Express Lower Tolerance for Toxic Environments

Carrier Management

Workers Express Lower Tolerance for Toxic Environments One week into a new job, Lisa Grouette discovere...

Posted: May 16, 2025

FEMA Chief Says Agency Will Raise State Burden for Disasters to 50%

Carrier Management

FEMA Chief Says Agency Will Raise State Burden for Disasters to 50% David Richardson, the new head of the Fede...

Posted: May 16, 2025

CIAB reports moderation in commercial insurance premium increases for Q1’25

Reinsurance News

The latest market survey from The Council of Insurance Agents & Brokers reveals a noticeable easing in premium increases across all commercial insurance account sizes in the first quarter of 2025. According to their findings, premium increases...

Posted: May 16, 2025

QBE’s Julie Minor Talks to Risk & Insurance

Risk & Insurance

Clear communication with her broker partners is something that QBE's Julie Minor treasures. The post QBE’s Julie Minor Talks to Risk & Insurance...

Posted: May 16, 2025

Widow of Arkansas Airport Director Killed in Raid Sues ATF Over Husband’s Death

Insurance Journal

The widow of an Arkansas airport director who was killed during a Bureau of Alcohol, Tobacco, Firearms and Explosives raid on his home last year sued the agency and several officials, claiming the agency and officers acted recklessly and negligently....

Posted: May 16, 2025

Severe Storms Sweep Through Midwest, Leaving Thousands Without Power

Insurance Journal

Storms accompanied by deep, booming thunder, lightning displays and powerful winds swept through parts of Wisconsin, Illinois, northern Indiana and Michigan overnight — leaving scores of trees down and thousands of homes without power. The National W...

Posted: May 16, 2025

Zurich NA’s Fox to lead US National Accounts, Caminiti promoted to CUO

Reinsurance News

Zurich North America (NA), a provider of insurance and risk management services, has strengthened its leadership with Heather Fox now set to lead the US National Accounts business. Most recently, Fox was the Chief Underwriting Officer (CUO) for Zu...

Posted: May 16, 2025

Louisiana Plant at Center of Environmental Justice Fight Halts Operations

Insurance Journal

A petrochemical plant in Louisiana accused of increasing cancer risks for a majority Black community indefinitely suspended operations largely due to the high cost of reducing toxic pollution. Japanese firm Denka announced Tuesday that its synthetic...

Posted: May 16, 2025

Florida High Court Lets Stand Ruling on Damage Estimates in Supplemental Claims

Insurance Journal

The Florida Supreme Court on Thursday declined to consider a petition in a condominium insurance case, leaving in place conflicting rulings from Florida appeals courts. The non-decision in American Coastal Insurance vs. Patios West One Condominium As...

Posted: May 16, 2025

Arthur J. Gallagher acquires Dean R. Casey & Associates

coverager

Terms of the transaction were not disclosed.

Posted: May 16, 2025

Property & nat cat lines competitive but environment remains healthy: Swiss Re CEO

Reinsurance News

Andreas Berger, CEO of Swiss Re, has suggested that while the firm’s property and natural catastrophe lines faced tougher competitive pressures so far in 2025, the overall environment remains healthy. During Swiss Re’s Q1 2025 conference call, Ber...

Posted: May 16, 2025

Supply Chain Vulnerabilities Persist Despite Enhanced Risk Management

Risk & Insurance

WTW survey reveals shift in priorities as pandemic concerns recede; most organizations still struggle with unexpected supply chain losses. The post

Posted: May 16, 2025

David Lofstrom Named Deputy Regional Leader, New England at Willis Corporate Risk and Broking

Risk & Insurance

The latest people news in the industry today. The post David Lofstrom Named Deputy Regional Leader, New Eng...

Posted: May 16, 2025

Angelo Colombo Named Chief Executive Officer for Latin America and Caribbean at AIG

Risk & Insurance

The latest people news in the industry today. The post Angelo Colombo Named Chief Executive Officer for Latin Americ...

Posted: May 16, 2025

Lloyd’s Has ‘Laser Focus’ on Oversight of Coverholders to Proactively Avoid Market Risk

Insurance Journal

Lloyd’s has “a laser focus” on the oversight of delegated underwriting authorities to make sure these facilities do not drag down the market in the same way that poor management of managing general agents did in the past, according...

Posted: May 16, 2025

David Castillo Named EVP and Head of Construction and Surety Solutions at Protecdiv

Risk & Insurance

The latest people news in the industry today. The post David Castillo Named EVP and Head of Construction and Surety...

Posted: May 16, 2025

Nick Mabunay Named SVP and Head of Digital Partnerships at Hiscox

Risk & Insurance

The latest people news in the industry today. The post Nick Mabunay Named SVP and Head of Digital Partnerships at Hiscox appeared...

Posted: May 16, 2025

Concirrus appoints O’Reilly to drive AI product innovation & business growth

Reinsurance News

Concirrus, a provider of AI-centric insurance solutions, has announced the appointment of Steve O’Reilly as Product Manager. As part of his new responsibilities, O’Reilly will lead product initiatives designed to enhance the underwriti...

Posted: May 16, 2025

Judge Orders Restoration of Health Program for West Virginia Coal Miners

Insurance Journal

A judge on Tuesday ordered the restoration of a health monitoring program for coal miners in West Virginia and rescinded layoffs the federal government implemented in a unit of a small U.S. health agency. U.S. District Judge Irene Berger issued &#823...

Posted: May 16, 2025

Asbestos Clinic in Montana Forced to Close to Pay for BNSF Jury Award

Insurance Journal

An asbestos screening clinic in a small Montana town where thousands have been sickened by toxic dust from a nearby mine has been abruptly shuttered by authorities following a court order to seize the clinic’s assets to pay off a …

Posted: May 16, 2025

DeSantis Signs Law Making Florida 2nd State to Ban Fluoride From Water Systems

Insurance Journal

Florida Republican Gov. Ron DeSantis signed a measure Thursday prohibiting local governments from adding fluoride to their water systems, making it the second state in the country after Utah to implement a statewide ban on the mineral. DeSantis signe...

Posted: May 16, 2025

EPA to Rollback Limits on ‘Forever Chemicals’ in Drinking Water

Insurance Journal

The Environmental Protection Agency said Wednesday that it plans to weaken limits on some “forever chemicals” in drinking water that were finalized last year, while maintaining standards for two common ones. The Biden administration set t...

Posted: May 16, 2025

US P&C industry achieves best underwriting result in over a decade in 2024: Milliman

Reinsurance News

Milliman, a consulting and actuarial firm, reports that the US property & casualty (P&C) insurance industry achieved its strongest underwriting performance since 2013 in 2024. The net combined ratio (NCR) for the year stood at 96.6, repres...

Posted: May 16, 2025

US P&C industry achieves best underwriting result in over a decade in 2024: Triple-I

Reinsurance News

The Insurance Information Institute (Triple-I) reports that the US property & casualty (P&C) insurance industry achieved its strongest underwriting performance since 2013 in 2024. The net combined ratio (NCR) for the year stood at 96.6, re...

Posted: May 16, 2025

Alabama Lawmakers Approve Additional Legal Protections for Police Officers

Insurance Journal

MONTGOMERY, Ala. (AP) — Alabama lawmakers on Wednesday approved enhanced legal protections for police officers, changes that Republicans said show support for law enforcement but Democrats called “a green light to kill Black folks.” The A...

Posted: May 16, 2025