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2025 robust bulk annuity market to benefit UK life insurers: Fitch

Reinsurance News

Strong bulk annuity volumes are expected for 2025, which will continue to benefit UK life insurers despite potential challenges from regulatory changes, according to a recent Fitch Ratings report. Driven by favourable market conditions and signifi...

Posted: Apr 25, 2025

Lockton welcomes back Robert Reiff as Regional Executive, People Solutions

Reinsurance News

Insurance brokerage Lockton is strengthening its People Solutions team with the return of Robert Reiff as Regional Executive. Reiff is rejoining Lockton from Soluta Inc., where he most recently served as Chief Revenue Officer, leading revenue deve...

Posted: Apr 25, 2025

Goosehead Insurance reports strong Q1’25 results with 17% revenue growth

Reinsurance News

Goosehead Insurance, an independent personal lines insurance agency, has reported robust financial results for the first quarter of 2025, with total revenues reaching $75.6 million – up 17% from the same period last year. Core revenues, whic...

Posted: Apr 25, 2025

Markel Insurance Restructures Markel Specialty, Appoints Leaders

Carrier Management

Markel Insurance Restructures Markel Specialty, Appoints Leaders Markel...

Posted: Apr 25, 2025

Keeping Humanity Alive in Tech-Forward Insurance Teams

Carrier Management

Keeping Humanity Alive i...

Posted: Apr 25, 2025

Global Q1 Commercial Insurance Rates Drop 3%, but US Casualty Bucks the Trend

Carrier Management

Global Q1 Commercial Insurance Rates Drop 3%, but US Casualty Bu...

Posted: Apr 25, 2025

Forecast Calls for Wildfires to Burn More Land Across US This Year

Insurance Journal

A Long-range forecast predicts wildfires will burn more land across the U.S. this year, with a potentially active spring in places and a build up into summer.

Posted: Apr 25, 2025

Riskonnect & MAPTYCS partner to enhance property and climate risk management

Reinsurance News

Riskonnect, a provider of integrated risk management software solutions, has formed a strategic partnership with MAPTYCS, a geospatial platform for property risk analysis and event response, to offer a faster, more efficient approach to managing p...

Posted: Apr 25, 2025

Dog Bite Claims Soar in Frequency and Cost: Report

Insurance Journal

Insurers in the U.S. paid out about $1.6 billion in dog-related injury claims in 2024, according to data compiled by the Insurance Information Institute (Triple-I) and State Farm. The number of dog bite and related injury claims last year totaled &#8...

Posted: Apr 25, 2025

Florida Class Action Targets Litigation Funding Firm Over Data Breach

Insurance Journal

Third-party litigation financing have become big business across the country, much to the chagrin of businesses and insurance companies that have been on the receiving end of multi-million lawsuit verdicts. But now one Florida-based litigation fundin...

Posted: Apr 25, 2025

People Moves: Virginia’s Workers’ Comp Commission Names Two Deputy Judges

Insurance Journal

The Virginia Workers’ Compensation Commission Names Two New Deputy Commissioners The Virginia Workers’ Compensation Commission (VWCC) has named two new deputy commissioners, Frederick T. Schubert II and Christopher R. Wilson. Schubert and...

Posted: Apr 25, 2025

Medical Evaluator Demand Grows in California Workers’ Comp System

Insurance Journal

The number of qualified medical evaluators in California’s workers’ compensation system has increased since 2019, but the demand for their services has overtaken this growth, a new analysis shows. Between 2019 and 2024, the number of stat...

Posted: Apr 25, 2025

More Russian Insurers Seek Indian Nod for Oil Tanker Coverage

Insurance Journal

Four new Russian companies have sought India’s approval to provide insurance for crude oil tankers docking at ports in the South Asian nation, according to people familiar with the matter. India’s shipping ministry is considering applicat...

Posted: Apr 25, 2025

Falcon Risk appoints Laura Coppola as EVP, Head of Management Liability

Reinsurance News

Falcon Risk Services, a wholly owned managing general agent (MGA) of HDI Global SE, has appointed Laura Coppola as Executive Vice President (EVP), Head of Management Liability, based in New York City. In the new role, Coppola oversees growth, port...

Posted: Apr 25, 2025

New Jersey Sues RealPage, Claiming Collusion With Landlords Drives Up Rents

Insurance Journal

New Jersey sued the property management software company RealPage, accusing it and 10 of the state’s largest landlords of conspiring to drive up residential rents, violating federal and state antitrust laws and New Jersey consumer fraud laws. T...

Posted: Apr 25, 2025

Why New York and New Jersey Are at Risk of Spring Wildfires

Insurance Journal

The wildfire scorching southern New Jersey ignited despite a series of downpours in recent weeks — and the region is ripe for more blazes. April’s rains didn’t soak into the ground enough to prevent the fire from erupting at the …

Posted: Apr 25, 2025

Two Sentenced for Roles in Catalytic Converter Theft Ring

Insurance Journal

Prosecutors in Connecticut announced sentencing of two men involved in catalytic converter theft and trafficking. Alexander Kolitsas, 31, of Wolcott, was sentenced in Hartford to 60 months in prison, followed by two years of supervised release, for o...

Posted: Apr 25, 2025

Meanwhile Bets on Bitcoin to Reinvent Life Insurance

IIR

The first fully regulated BTC-denominated life insurer is expanding globally with fresh funding and an ambitious vision.

Posted: Apr 24, 2025

ACV or RC for CGL Property Damage Claims?

IA Magazine

A contractor with an ISO commercial general liability policy experienced a property damage claim. The carrier says it owes the actual cash value (ACV) for repairs but the agent believes the carrier owes the full cost to repair.

Posted: Apr 24, 2025

Vitech Unveils Platform for Supplemental Health Insurance

IIR

The cloud-based solution supports accident, critical illness, and hospital indemnity product lines.

Posted: Apr 24, 2025

M2 Recovery Launches ‘No Win, No Fee’ Crypto Recovery Service

IIR

The U.K.-based firm expands access to legal recourse for crypto fraud victims with a contingency-based model.

Posted: Apr 24, 2025

Embark Launches Embedded Insurance Program on Cogitate Platform

IIR

The new home builder insurance product debuts in Florida using Cogitate’s DigitalEdge Policy and Billing system.

Posted: Apr 24, 2025

Dream Payments Launches Insurance Payment Network Across North America

IIR

The DreamPay Insurance Payment Hub enables premium collection and claims disbursement in the U.S. and Canada through J.P. Morgan Payments.

Posted: Apr 24, 2025

Philipp Rüede appointed CEO of SCOR L&H

coverager

Philipp is replacing Frieder Knüpling who stepped down in July 2024.

Posted: Apr 24, 2025

Dream Payments launches insurance payment network

coverager

The solution leverages the payment rails and infrastructure of J.P. Morgan Payments.

Posted: Apr 24, 2025

Cowbell launches professional indemnity offering for UK tech firms

coverager

This new coverage marks the company’s first move beyond standalone cyber insurance in the UK.

Posted: Apr 24, 2025

With its exceptional commitment to customer success, Vertafore receives the 2025 Excellence in Custo...

coverager

InsurTech leader recognized for its customer-first mindset for the third straight year

Posted: Apr 24, 2025

They Don’t Want to Log in, Silly: Friction-Free Access for a New World

coverager

Traditional logins are unable to properly address the breadth of transactional scenarios in today’s omnichannel environment. Encourage self service and speed up transactions with friction-free access.

Posted: Apr 24, 2025

MSI launches commercial general liability insurance

coverager

This new product offers general liability coverage to owners of various types of residential dwellings, including eligible apartments, condominiums, and townhomes.

Posted: Apr 24, 2025

Volkswagen and Uber announce long-term strategic partnership

coverager

The companies will deploy a fleet of thousands of all-electric, fully autonomous ID. Buzz AD vehicles.

Posted: Apr 24, 2025

King Risk Partners secures investment from Lightyear

coverager

King Risk Partners is one of the fastest-growing insurance brokerages in the US.

Posted: Apr 24, 2025

AI Could Save Insurers $160 Billion in Fraud Prevention by 2032

Risk & Insurance

Deloitte report reveals how multimodal AI technologies across text, audio, video and IoT data are transforming fraud detection in the P&C sector, where 10% of claims are fraudulent. The post

Posted: Apr 24, 2025

Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive

Carrier Management

Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive A...

Posted: Apr 24, 2025

No Escape From Tariffs — Not Even for D&O Liability Insurers

Carrier Management

No Escape From Tariffs — Not Even for D&O Liability Insurers Whil...

Posted: Apr 24, 2025

Lawsuits Accuse Insurers of Colluding to Drop Coverage in Fire-Prone Areas of California

Carrier Management

Lawsuits Accuse Insurers of Colluding to Drop Coverage in Fire-Prone Areas of California Two lawsuits f...

Posted: Apr 24, 2025

Cyber Crime Costs Increased to $16B in 2024

Carrier Management

Cyber Crime Costs Increased to $16B in 2...

Posted: Apr 24, 2025

Federal Bill Seeks to Block Speed Limiter Requirement on Trucks, Buses

Carrier Management

Federal Bill Seeks to Block Speed Limiter Requirement on Trucks, Buses Federal legislation...

Posted: Apr 24, 2025

PG&E Misses 1Q Profit Estimates on Higher Expenses, LA Wildfire Worries Linger

Insurance Journal

PG&E Corp. missed first-quarter profit estimates on Thursday, as the power company was hurt by higher operating and interest expenses. Higher-for-longer interest rates push up borrowing costs for utility companies, which typically need more capit...

Posted: Apr 24, 2025

People Moves: Ryan Specialty Appoints Kelleher President of SUITELIFE Underwriting Managers

Insurance Journal

Ryan Specialty, headquartered in Chicago, Illinois, appointed Chris Kelleher president of SUITELIFE Underwriting Managers effective June 30. The hotel and resort industry-focused managing general underwriter is a part of the Ryan Specialty Underwriti...

Posted: Apr 24, 2025

Mid-year renewal trading conditions more favourable for reinsurers than Jan 1: RenRe CUO

Reinsurance News

David Marra, Executive Vice President and Group Chief Underwriting Officer (CUO) of Bermuda-based reinsurer RenaissanceRe (RenRe), said today that the firm is encouraged with trading conditions ahead of the mid-year property renewals, with more ba...

Posted: Apr 24, 2025