All Posts

Boy Swept Away as Virginia and Maryland Hit With Heavy Rains and Flooding

Insurance Journal

Officials found the body of a 12-year-old boy who was swept away by rushing water on a Virginia roadway during a storm system that also forced a dozen students to stay overnight at a Maryland high school due to heavy …

Posted: May 16, 2025

Ex-FDNY Chief Gets 3 Years for Taking Bribes to Fast-Track Safety Inspections

Insurance Journal

A former New York City Fire Department chief was sentenced to three years in prison Wednesday for accepting tens of thousands of dollars in bribes to fast-track fire safety inspections at restaurants, hotels and other city businesses. Anthony Saccavi...

Posted: May 16, 2025

Army Working to Fix Military and Traffic Controllers Communications at DC Airport

Insurance Journal

A hotline between military and civilian air traffic controllers in Washington, D.C., that hasn’t worked for more than three years may have contributed to another near miss shortly after the U.S. Army resumed flying helicopters in the area for t...

Posted: May 16, 2025

Marsh McLennan stockholders re-elect full slate of Board of Directors

Reinsurance News

Marsh McLennan, a global insurance and reinsurance broker, has elected the entire slate of 2025 director nominees at its 2025 Annual Meeting of Stockholders. The eleven members have been elected for a one-year term expiring at next year’s annual m...

Posted: May 16, 2025

Davis & Towle Acquires New Hampshire’s Tobey & Merrill Insurance

Insurance Journal

Insurance agency Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, announced its acquisition of Tobey & Merrill Insurance in Hampton. While the agency will operate under Davis & Towle’s ownership, it will keep...

Posted: May 16, 2025

Cyber threats and contract weaknesses dominate supply chain risk agenda in 2025: WTW

Reinsurance News

WTW, an advisory, broking, and solutions firm, has revealed its latest Global Supply Chain Risk Survey, capturing a major pivot in how large corporations are approaching supply chain risk in 2025. The report, based on responses from 1,000 senior e...

Posted: May 16, 2025

Guy Carpenter appoints Lukas Müller as Chairman MEA

Reinsurance News

Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the appointment of Lukas Müller as a Chairman MEA, effective September 1, 2025. Based in Zurich, Müller brings significant experience in client engagement across all lines...

Posted: May 16, 2025

Swiss Re Profits Up Despite Losses from California Wildfires

Insurance Journal

Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive performance across the business. Net income increased to $1.3 billion from $1.1 billion a year earlier, well ahead of the $952 &#8230...

Posted: May 16, 2025

Sanjay Mehra joins Gallagher India as Head of Marine

Reinsurance News

Insurance and reinsurance broking group Gallagher has announced the appointment of Sanjay Mehra as Head of Marine in India. Mehra, who has 15 years in the insurance industry, with a strong focus on marine specialty, is joining the company from Aon...

Posted: May 16, 2025

It’s still attractive but start of softening cycle is clear: Malmström, Swiss Re CFO

Reinsurance News

Year-to-date, reinsurance giant Swiss Re has seen a net price reduction of 1.5%, and although it’s clear the reinsurance sector is at the beginning of a softening cycle, it’s still an attractive marketplace, according to Anders Malmstr...

Posted: May 16, 2025

Rogue Communication Devices Found in Chinese Solar Power Inverters

Insurance Journal

U.S. energy officials are reassessing the risk posed by Chinese-made devices that play a critical role in renewable energy infrastructure after unexplained communication equipment was found inside some of them, two people familiar with the matter sai...

Posted: May 16, 2025

Hiscox appoints Jane Guyett as new Senior Independent Director

Reinsurance News

International specialist insurer Hiscox has appointed Jane Guyett to the role of Senior Independent Director with immediate effect. Guyett succeeds Lynn Pike following the conclusion of the 2025 Annual General Meeting, at which both Pike and fello...

Posted: May 16, 2025

USAA names Brian Goldman as Chief Risk Officer

Reinsurance News

USAA, a provider of insurance, banking, and financial services for military members and their families, has announced the appointment of Brian Goldman as its new Chief Risk Officer, effective May 27th, 2025. With nearly 30 years of experience in g...

Posted: May 16, 2025

Cyberattack-Hit M&S Says Food Availability Improving Every Day

Insurance Journal

British retailer Marks & Spencer said on Thursday food volumes flowing from its distribution centers to its stores were back to normal levels after product availability was hit by last month’s cyberattack. “In chilled areas of our sto...

Posted: May 16, 2025

Swiss Re posts 16% rise in net income and P&C CoR of 86% for Q1’25

Reinsurance News

Global reinsurer Swiss Re generated net income of $1.3 billion for the first quarter of 2025, an increase of 16% year on year with a solid performance across life and health (L&H) and property and casualty (P&C) reinsurance, despite the la...

Posted: May 16, 2025

Morton Salt Settles Ohio Discrimination Case with $75,000 Payment

Insurance Journal

Morton Salt, Inc. will pay $75,000 and provide other relief to settle a race, disability and retaliation discrimination case filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s...

Posted: May 16, 2025

Morton Salt Settles Ohio Discrimination Case With $75,000 Payment

Insurance Journal

Morton Salt, Inc. will pay $75,000 and provide other relief to settle a race, disability and retaliation discrimination case filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s...

Posted: May 16, 2025

Christian Dior Couture Client Data Breached in Cyberattack

Insurance Journal

Christian Dior Couture has been hit by a cyberattack, with hackers obtaining some of its customers’ data. LVMH’s second biggest fashion label said it recently discovered that an “unauthorized external party” accessed some of i...

Posted: May 16, 2025

Texas Sweetens Pitch to CEOs, Boards With New State Protections

Insurance Journal

Texas is trying to entice more companies to ditch Delaware and incorporate in the state, just like Tesla Inc. and Space Exploration Technologies Corp. did last year at the behest of Elon Musk. Governor Greg Abbott is poised to sign …

Posted: May 16, 2025

Slide secures its largest cat bond yet with $250m Purple Re

Reinsurance News

Slide Insurance, a technology-enabled insurance firm, has finalised pricing for its $250 million Purple Re Ltd. (Series 2025-1) catastrophe bond, the fourth and largest issuance from the company to date. The firm confirmed that the Series 2025-1 c...

Posted: May 16, 2025

Former XL CEO McGavick Returns to Insurance With AI Firm Mea Platform

Carrier Management

Former XL CEO McGavick Returns to Insurance With AI Firm Mea Platform M...

Posted: May 16, 2025

Zurich NA Names New U.S. National Accounts, Underwriting Leaders

Carrier Management

Zurich NA Names New U.S. National Accounts, Underwriting Leaders Zurich North America announced k...

Posted: May 16, 2025

New Jersey Announces $450M PFAS Settlement With 3M Days Before Trial

Carrier Management

New Jersey Announces $450M PFAS Settlement With 3M Days Before Trial New Jersey officials announced a la...

Posted: May 16, 2025

Report: California Workers Comp Combined Ratio Highest in 14 Years

Carrier Management

Report: California Workers Comp Combined Ratio Highest in 14 Years Written premiums in California stabili...

Posted: May 16, 2025

Sedgwick Experts Outline Key Workers’ Comp Claims Trends

Insurance Journal

At last week's RIMS RISKWORLD conference in Chicago, experts from risk and claims administration partner Sedgwick outlined a few key workers' comp trends.

Posted: May 16, 2025

Estonia Says Russia Sent Jet After Attempt to Stop Sanction-Breaking Ship

Insurance Journal

Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a “shadow fleet” defying Western sanctions on …

Posted: May 16, 2025

California DoorDash Driver Pleads Guilty to Stealing $2.5M in Deliveries Scam

Insurance Journal

A former food delivery driver pleaded guilty to conspiring with others to steal more than $2.5 million from DoorDash by getting the company to pay for deliveries that never occurred, federal prosecutors said. Sayee Chaitanya Reddy Devagiri pleaded gu...

Posted: May 16, 2025

GTCR partners with Synova to accelerate JMG’s expansion across UK insurance market

Reinsurance News

Private equity firm GTCR has signed a definitive agreement to acquire leading UK insurance broker JMG Group, in partnership with existing European mid-market investor Synova. The transaction is expected to close in the third quarter of 2025. Headq...

Posted: May 16, 2025

People Moves: Delos Insurance Solutions Names Coffman CRO; Venbrook Promotes Lang

Insurance Journal

Delos Insurance Solutions Appoints Coffman CRO Delos Insurance Solutions appointed Jeremy Coffman to the newly created role of chief revenue officer. As CRO, Coffman focuses on expanding Delos’ agency, carrier, and business to business relation...

Posted: May 16, 2025

Pilot’s Lack of Oxygen Cited as Likely Factor in 2023 Private Jet Crash in Virginia

Insurance Journal

A lack of oxygen that incapacitated the pilot and three passengers is likely what caused a private jet to become unresponsive before flying over the nation’s capital and prompting the military to scramble fighter jets in 2023, according to a &#...

Posted: May 16, 2025

Coinbase Hackers Had Access to Customer Data Since January

Insurance Journal

Hackers had near-constant access to some of Coinbase Global Inc.’s most valuable customer data since January, according to a person familiar with the incident who asked not to be named discussing company matters. The largest US crypto exchange...

Posted: May 16, 2025

Conflagration’s role in the wildfire equation

Insurance Journal

This post is part of a series sponsored by Cotality. There’s a blurry line between where a wildfire ends and a conflagration begins. But, without an understanding of both types of fires, their dynamics, and their unique risks, it is …

Posted: May 15, 2025

AEU appoints Steven Ritchie as Managing Director

coverager

AEU is a provider of workers’ compensation insurance for waterfront employers.

Posted: May 15, 2025

Aon names Amanda Lyons CEO of Bermuda Reinsurance

coverager

She will work with Aon Bermuda CEO Nick Moore to expand access to capital for clients.

Posted: May 15, 2025

Cable Insurance partners with TruckerCloud

coverager

Cable Insurance has partnered with TruckerCloud to integrate telematics data into its commercial auto insurance operations.

Posted: May 15, 2025

AXA Commercial enhances management liability offering

coverager

It now supports businesses with up to £100 million in turnover.

Posted: May 15, 2025

Talage has been acquired

coverager

The company provides distribution software solutions for commercial insurance.

Posted: May 15, 2025

Ardonagh Advisory rebrands as Everywhen

coverager

Thorsten Mairhofer joins Resilience.

Posted: May 15, 2025

Faura, Adjusto Apply Empathy to Claims and Resilience Tech

IIR

Company leaders shared how personal experience and mental health considerations are shaping new approaches to property resilience and claims adjusting, with the aim of rebuilding trust.

Posted: May 15, 2025

Fidelity National Home Warranty Selects Origami Risk for Core Platform

IIR

The company will use the SaaS solution to streamline operations and support growth.

Posted: May 15, 2025

Clear Capital Launches PropertyNova to Deliver Insurance-Ready Property Intelligence

IIR

The new data solutions business provides carriers with high-quality insights to support underwriting, pricing, and risk decisions.

Posted: May 15, 2025

Does an HO3 Cover a Dwelling Being Built in Another State?

IA Magazine

An insured lives in Connecticut but is building a new one-family home on their property in Massachusetts.

Posted: May 15, 2025