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

Insurance Journal

A federal class action lawsuit filed this week in Texas accused Toyota and an affiliated telematics aggregator of unlawfully collecting drivers’ information and then selling that data to Progressive. The lawsuit alleges that Toyota and Connecte...

Posted: Apr 23, 2025

Chubb ‘mindful’ of potential tariff impacts on short tail lines: CEO Greenberg

Reinsurance News

Evan Greenberg, Chief Executive Officer (CEO) of large US insurer Chubb, said today that with much uncertainty surrounding tariffs and inflation, the company is watching closely for potential impacts on short tail lines of business. “I don&#...

Posted: Apr 23, 2025

Openly adds online quote feature

coverager

The new feature enables prospective customers to get a quote through an agency partner appointed by Openly.

Posted: Apr 23, 2025

Assaf Wand resigns from Hippo board

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Wand is a cofounder of the company and has served on the board since October 2015.

Posted: Apr 23, 2025

Sentra raises $50 million

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The startup helps organizations discover and remediate the top data security risks in their public environments.

Posted: Apr 23, 2025

NSM brand to retire as company splits into two new entities

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The new entities are **Ignyte Insurance** and **Novacore**.

Posted: Apr 23, 2025

Accelerant Risk Exchange adds QBE and Tokio Marine America to network

coverager

Accelerant operates a risk exchange that connects specialty insurance underwriters with risk capital partners.

Posted: Apr 23, 2025

Steadily raises $30 million

coverager

has signed an agreement to acquire , a no-code enterprise software company, to expand its cloud-based capabilities across specialty insurance lines including Surety, Cyber, and Marine. The acquisition will enhance...

Posted: Apr 23, 2025

Helvetia and Baloise merger to create major Swiss insurance group

Reinsurance News

Swiss composite insurance groups, Helvetia and Baloise have announced their intention to join forces in a merger of equals, proposing the formation of “Helvetia Baloise Holding Ltd”. The proposed entity will create the second-largest i...

Posted: Apr 23, 2025

Delta Plane Catches Fire at Orlando Airport in Latest Incident for Airline

Insurance Journal

ORLANDO, Fla. (AP) — A Delta Air Lines airplane caught fire on Monday before it was supposed to take off at a central Florida airport, forcing the evacuation of passengers, airport officials said. There were no reports of any injuries …

Posted: Apr 23, 2025

Minnesota Senior Living Facility Fined $73K for Pregnancy Discrimination

Insurance Journal

White Pine Senior Living, an assisted living facility in Minnesota, has agreed to pay $73,000 and provide other equitable relief to settle a pregnancy discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (E...

Posted: Apr 23, 2025

Outsourcing Firm to Pay $250K For Discriminating Against Blind Employee in Texas

Insurance Journal

The Results Companies, A business services outsourcing firm agreed to pay $250,000 to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. According to the EEOC’s sui...

Posted: Apr 23, 2025

ZestyAI expands access to insurance coverage with AI-powered risk analytics

Reinsurance News

ZestyAI, a provider of AI-driven insurance risk analytics, played a key role in helping carriers and insurers of last resort extend coverage to over 511,000 properties previously considered uninsurable in 2024. In the coming year, the company aims...

Posted: Apr 23, 2025

U.S. P&C Insurance Outlook: Cautious Optimism for 2025-2026 Amid Tariff Threats

Risk & Insurance

P&C insurers projected to maintain 10% ROE through 2026 despite slowing premium growth, tariff-driven auto parts inflation, catastrophe losses, and ongoing reserve challenges: Swiss Re. The post

Posted: Apr 23, 2025

AXA XL Appoints Lindsay Hermann as Head of Property for Central Zone

Risk & Insurance

The latest people news in the industry today. The post AXA XL Appoints Lindsay Hermann as Head of Property for Central Zone app...

Posted: Apr 23, 2025

Novacore launches as independent insurer to transform specialty market

Reinsurance News

As part of the continued evolution of NSM Insurance Group, Novacore has been launched as an independent specialty insurance provider, leveraging advanced technology, automation, and analytics to drive performance, fuel growth, and transform niche...

Posted: Apr 23, 2025

Willis Appoints Dom Spinelli as Head of Transactional Insurance Claims for North America

Risk & Insurance

The latest people news in the industry today. The post Willis Appoints Dom Spinelli as Head of Transactional In...

Posted: Apr 23, 2025

Jen Kyung Appointed to Lead Property and Casualty Business Performance Office at Nationwide

Risk & Insurance

The latest people news in the industry today. The post Jen Kyung Appointed to Lead Property and Casualty Bus...

Posted: Apr 23, 2025

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

Insurance Journal

Two lawsuits filed in Los Angeles allege major home insurance companies have colluded to limit coverage in California communities at high risk for wildfires and force homeowners onto the state’s last-resort insurance plan that offers basic cove...

Posted: Apr 23, 2025

Global Parametrics becomes coverholder to Canopius Lloyd’s Syndicate 4444

Reinsurance News

Global Parametrics, part of the CelsiusPro Group, and Canopius, an international specialty lines and P&C re/insurer, have announced the signing of a Lloyd’s syndicate coverholder partnership. Under this collaboration, Global Parametric becomes...

Posted: Apr 23, 2025

Jeannie Sullivan Appointed Head of Technology for Zurich North America’s U.S. Middle Market

Risk & Insurance

The latest people news in the industry today. The post Jeannie Sullivan Appointed Head of Technology for Zuric...

Posted: Apr 23, 2025

Researchers Testing Textured Seawall in Miami to Hold Back Rising Seas

Insurance Journal

Morningside Park, a beloved neighborhood park in Miami with sweeping views of Biscayne Bay, will soon pilot an innovative approach to coastal resilience. BIOCAP tiles, a 3D-printed modular system designed to support marine life and reduce wave impact...

Posted: Apr 23, 2025

Top 5 Ways Brokers Can Shield Clients’ Coverage From Inflation

Rough Notes

 Expertise, education and other strategies come into play  [C]lients love a superhero who swoops in after the fact to save them from a crisis. They think even more highly of a superhero who ensures they’re always ready.    By Michael Wayne From Augus...

Posted: Apr 23, 2025

DXC Technology hires industry leader William Pieroni

Reinsurance News

Global technology services provider DXC Technology has appointed William Pieroni as Global Strategy and Growth Leader for Insurance Software & Business Process Services (BPS). Pieroni holds more than 25 years of experience, having most recentl...

Posted: Apr 23, 2025

Markel Insurance Restructures US, Bermuda Operations, With Leadership Appointments

Insurance Journal

Markel Insurance announced that its U.S. and Bermuda operations, previously known as Markel Specialty, are being divided into two business divisions: US Wholesale and Specialty, and Programs and Solutions. The changes follow the appointment of Simon...

Posted: Apr 23, 2025

Markel Insurance Restructures Markel Specialty, Appoints Leaders

Insurance Journal

Markel Insurance announced that its U.S. and Bermuda operations, previously known as Markel Specialty, are being divided into two business divisions: US Wholesale and Specialty, and Programs and Solutions. The changes follow the appointment of Simon...

Posted: Apr 23, 2025

Jury Again Finds NY Times Not Liable in Sarah Palin Defamation Case

Insurance Journal

A federal jury in Manhattan on Tuesday found the New York Times NYT.N not liable for allegedly defaming Sarah Palin in a 2017 editorial about gun control, dealing the former Republican U.S. vice presidential candidate a second loss at trial. …

Posted: Apr 23, 2025

Amphitrite expands Marine War offering with $40m Lloyd’s capacity

Reinsurance News

Amphitrite Underwriting London, a marine specialist managing general agent (MGA), has expanded its Marine War offering with an additional $40m in Lloyd’s capacity. The added capacity provides brokers and clients with more options and extends the r...

Posted: Apr 23, 2025

Thai-Chinese Firm Denies Flouting Safety Measures in Probe of Skyscraper Collapse

Insurance Journal

A Thai-Chinese company denied Monday allegations its steel rods did not pass safety standard tests after nationwide criticism prompted an investigation into the collapse of a high-rise building under construction after an earthquake last month in Ban...

Posted: Apr 23, 2025

CRC Group appoints Aon’s Todd Jones as Chief Growth Officer

Reinsurance News

CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointment of Todd Jones as Chief Growth Officer, effective June 2025. In this role, Jones will lead CRC Group’s strategic initiatives aimed at drivi...

Posted: Apr 23, 2025

FBI Says Cybercrime Costs Rose to at Least $16 Billion in 2024

Insurance Journal

Cybercrime of all stripes cost victims globally more than $16 billion dollars last year, the Federal Bureau of Investigation said in a report released on Wednesday. The losses—a one-third increase over 2023—were largely driven by low tech scams, such...

Posted: Apr 23, 2025

Accelerant adds QBE and Tokio Marine America to Risk Exchange

Reinsurance News

Accelerant, a services and data platform for the specialty insurance market, has announced the addition of QBE and Tokio Marine America to its Accelerant Risk Exchange, significantly enhancing the platform’s capabilities and reach. Accelerant’s Ri...

Posted: Apr 23, 2025

New Jersey Wildfire Forces 3,000 to Evacuate, Threatens 1,320 Structures in Ocean County

Insurance Journal

A major wildfire in southern New Jersey’s Ocean County expanded last night and has led to the evacuation of 3,000 people and is threatening more than 1,320 structures. The New Jersey Forest Fire Service reported last night at 10 p.m. …

Posted: Apr 23, 2025

New Jersey Wildfire Forces 3,000 to Evacuate, Threatens 1,320 Structures

Insurance Journal

A major wildfire in southern New Jersey’s Ocean County expanded last night and has led to the evacuation of 3,000 people and is threatening more than 1,320 structures. The New Jersey Forest Fire Service reported last night at 10 p.m. …

Posted: Apr 23, 2025

Update on New Jersey Wildfire: 30% Contained, Evacuation Orders Lifted

Insurance Journal

A major wildfire in southern New Jersey’s Ocean County expanded last night, leading to the evacuation of 5,000 people and threats to more than 1,320 structures. The New Jersey Forest Fire Service reported last night at 10 p.m. that about &#8230...

Posted: Apr 23, 2025

Goosehead Insurance appoints Bill Wade to its Board of Directors

Reinsurance News

Goosehead Insurance, a personal lines insurance distribution, has announced the appointment of Bill Wade to its Board of Directors, to help drive the company’s technology-driven expansion. Wade will leverage his deep expertise in leveraging emergi...

Posted: Apr 23, 2025

Swiss Re CorSo to close Hong Kong office as part of operational streamlining

Reinsurance News

As part of its ongoing efforts to optimise operations, Swiss Re Corporate Solutions has made a strategic decision to consolidate services for Chinese corporations within its mainland China offices. With this in mind, Swiss Re CorSo has noted it wi...

Posted: Apr 23, 2025

Arundo Re joins open-source cat modelling platform Oasis LMF

Reinsurance News

Open-source catastrophe modelling platform, Oasis Loss Modelling Framework, has expanded across Europe through a series of new partnerships, model innovations, and industry collaborations. Namely, Oasis LMF has welcomed Arundo Re as its newest mem...

Posted: Apr 23, 2025

Chaucer and Armilla launch new AI liability insurance product

Reinsurance News

Chaucer Group, a global specialty insurance and reinsurance group, has partnered with Armilla AI, a provider of specialised insurance and risk management solutions for AI, to launch a new standalone third-party liability (TPL) insurance product. T...

Posted: Apr 23, 2025

Top Japanese Firms Scrap Employment System That Held Women Back

Insurance Journal

Japan’s biggest financial firms are abolishing decades-old practices that kept women off the corporate ladder. Nippon Life Insurance Co., Japan’s largest insurer, and MUFG Bank Ltd., a unit of the nation’s biggest banking group, are...

Posted: Apr 23, 2025

Xceedance names Gavin Lillywhite Operating Leader UKI and Europe

Reinsurance News

Xceedance, a global provider of technology and digital solutions, has announced the appointment of Gavin Lillywhite as SVP, Operating Leader UKI and Europe. Lillywhite’s three decades of international experience in the London, Lloyd’s,...

Posted: Apr 23, 2025

Chubb’s Q1’25 net income down 37% amid $1.5bn LA wildfire loss

Reinsurance News

Global insurer Chubb has announced its financial results for the first quarter of 2025, reporting a net income of $1.33 billion, impacted by total pre-tax net catastrophe losses of $1.64 billion, which includes $1.47 billion from the California wi...

Posted: Apr 23, 2025

U.S. Excess & Surplus Lines Boost London Market Re/Insurers’ Top-Line Growth

Carrier Management

U.S. Excess & Surplus Lines Boost London Market Re/Insurers’ Top-Line...

Posted: Apr 23, 2025

Brit appoints Jonathan Mudd as Active Underwriter for Syndicate 2988

Reinsurance News

Brit Group Holdings Limited has appointed Jonathan Mudd as Active Underwriter for Syndicate 2988. Mudd, who joined Brit in 2003, currently serves as Managing Director for FinPro and Cyber. He will retain this position alongside his new responsibil...

Posted: Apr 23, 2025

PERILS estimates Cyclone Alfred insurance losses at AUD 2.57bn

Reinsurance News

Zurich-based catastrophe insurance data provider PERILS AG has issued its initial industry loss estimate for Cyclone Alfred, placing the total insurance market loss at AUD 2.568 billion. For those unaware, Cyclone Alfred impacted the Australian st...

Posted: Apr 23, 2025

Guidewire announces $60m investment to advance growth and modernisation in Japan

Reinsurance News

Guidewire, a provider of cloud-based platform solutions for property and casualty (P&C) insurers, has announced a $60 million investment over the next five years to expand its footprint in Japan and accelerate the development of capabilities t...

Posted: Apr 23, 2025

SCOR appoints Philipp Rüede as CEO of L&H

Reinsurance News

French reinsurer SCOR has appointed Philipp Rüede as the Chief Executive Officer (CEO) of its Life & Health (L&H) division and a member of the Executive Committee, effective June 1st, 2025. He succeeds Frieder Knüpling, who stepped down in...

Posted: Apr 23, 2025

The reinsurance pie in India will increase: Azeem Kanjiani, Prudent Insurance Brokers

Reinsurance News

Insurance companies in India continue to grow and as the primary market expands, insured sizes are on the rise, driving more and more mega and ultra mega insurance policies in the country, all of which suggests growth for India’s reinsurance...

Posted: Apr 23, 2025

Polo Managing Agency appoints Gordon Reid as Operational & New Business Manager

Reinsurance News

Gordon Reid is joining Polo Managing Agency as Operational & New Business Manager to reinforce the company’s continued growth and deepening of its Lloyd’s market expertise. In his new role, Reid will have operational and new business res...

Posted: Apr 23, 2025

SCR rebrands as Atlantic Re to strengthen presence across Africa

Reinsurance News

Société Centrale de Réassurance (SCR) has officially rebranded as Atlantic Re as part of its dynamic strategic transformation aimed at strengthening its position in Morocco and accelerating its influence across the African continent. Since its est...

Posted: Apr 23, 2025