All Posts
Volvo currently redirects customers to Liberty Mutual.
Posted: Apr 15, 2025
Onboarding and producer license applications are frequently an opportunity for dropped business and lost producers, even after a long and hard-won recruitment process.
Posted: Apr 15, 2025
American Integrity Insurance, one of the largest property insurance carriers in Florida with more than 350,000 policies in force, is going to Wall Street with an initial public offering. The Tampa-based parent company, American Integrity Insurance Gr...
Posted: Apr 15, 2025
A legal advocacy group on Monday asked the U.S. Court of International Trade to block President Donald Trump’s sweeping tariffs on foreign trading partners, arguing the president overstepped his authority. The lawsuit was filed by the nonpartis...
Posted: Apr 15, 2025
An upcoming RIMS session will detail how the development of interpersonal skills contributes to effective decision making and relationship building, which is critical to success in the insurance industry. The post
Posted: Apr 15, 2025
An annual report from law firm BakerHostetler said companies “are starting to win the battle against ransomware.” In its 11th year, the report from the firm’s Digital Assets and Data Management (DADM) Practice Group, who handled ove...
Posted: Apr 15, 2025
Optalitix, a technology company specialising in data analytics and automation for the insurance industry, has announced a new partnership with SortSpoke, an AI-powered document processing platform. This collaboration enables underwriters to extrac...
Posted: Apr 15, 2025
Europe experienced the hottest year on record in 2024, as climate change combined with a strong El Niño to generate a series of extreme weather events and force glaciers into retreat. Half the continent reported new heat records in 2024 …
Posted: Apr 15, 2025
AM Best: Tariff Uncertainty Could Lead to Credit Rating Changes for Insurers A...
Posted: Apr 15, 2025
Is State Farm General Too Big to Fail? Calif. Rate Hearing Concludes "To...
Posted: Apr 15, 2025
After what it says was an investigation that took months, the Delaware Department of Insurance has levied a $300,000 penalty on three Liberty Mutual companies for advertising discounts that they do not offer in the state. The department said the R...
Posted: Apr 15, 2025
Cyber risk company Resilience has announced the appointment of a new Chief Underwriting Officer, Maria Long, whose deep experience in cyber will help to accelerate the company’s growth. Long will report directly to George Kotsiopoulos, president o...
Posted: Apr 15, 2025
This week’s question comes from Dan. If you want an answer to your insurance questions, just respond to this email and watch for an answer in a future email. Has there been any credible data regarding electric vehicles being hacked …
Posted: Apr 15, 2025
China accused a US spy agency of hacking the Asian Winter Games held this year in Harbin, and took the unusual step of identifying individuals it thinks are responsible. The US National Security Agency’s Office of Tailored Access Operations car...
Posted: Apr 15, 2025
A Vermont firm has recalled more than 1,700 pounds of butter because it may be contaminated with coliform, a type of bacteria found in fecal matter. Agri-Mark Inc., of Waitsfield, Vermont, recalled 189 cases of Cabot Creamery 8-ounce premium butter &...
Posted: Apr 15, 2025
At 8.1%, revenue growth in the reinsurance market remained strong in 2024, a slight increase compared to the 7.6% seen in 2023, according to reinsurance broker Gallagher Re. According to the broker’s full-year 2024 reinsurance market report, which...
Posted: Apr 15, 2025
Insurance Business Magazine - US
Posted: Apr 15, 2025
A German court will weigh a request to release a seized oil tanker that is believed to be part of a so-called shadow fleet used by Russia to circumvent oil sanctions, Germany’s finance ministry said on Monday. The Panama-flagged vessel, …
Posted: Apr 15, 2025
FRANKFORT, Ky. (AP) — Signs of renewal are underway at the Buffalo Trace Distillery in Kentucky since floodwaters that inundated the whiskey-making campus receded. But executives say the painstaking task of inspecting any bourbon barrels touched by t...
Posted: Apr 15, 2025
British car insurance startup Marshmallow has almost doubled its valuation to more than $2 billion after a funding round that was backed by new investors BlackRock, Columbia Lake Partners and Portage. The firm, which offers insurance to under-served...
Posted: Apr 15, 2025
SCOR’s large corporate risk insurance arm, SCOR Business Solutions, is supporting a new maritime transport project by TransOceanic Wind Transport (TOWT) aimed at decarbonizing global shipping. Alongside AXA XL Insurance, SCOR Business Soluti...
Posted: Apr 15, 2025
AXA remains a strategic partner, with Deputy CEO George Stansfield staying on as Chairman of AVP’s Board.
Posted: Apr 15, 2025
The deal doesn’t include any premiums, reserves, or employees.
Posted: Apr 15, 2025
The company wrote $121 million in premiums in the state in 2024.
Posted: Apr 15, 2025
Howden Re, the reinsurance division of Howden, continues to expand its Capital & Operational Solutions Practice with several strategic appointments over the past year, most recently naming Paul Ogni as Director – Operational Solutions. In this...
Posted: Apr 15, 2025
The African Reinsurance Corporation (Africa Re) reported an improved net combined ratio of 90.89% for the 2024 financial year, down from 93.51% in 2023, alongside a net underwriting profit of $87.34 million, up 59.37% from $54.81 million the year...
Posted: Apr 15, 2025
Acrisure Re, the re/insurance division of Acrisure, has announced the appointment of Roman Romeo as President, Head of Acrisure Re Bermuda, effective April 7. Based in Bermuda and reporting directly to Michael Cross, President, Acrisure Re North A...
Posted: Apr 15, 2025
Acrisure Re, the re/insurance division of Acrisure, has announced the appointment of Roman Romeo as President, Head of Acrisure Re Bermuda, effective April 7. Based in Bermuda and reporting directly to Michael Cross, President, Acrisure Re North A...
Posted: Apr 15, 2025
Despite a current 90-day reprieve, the recent stock and bond market volatility stemming from U.S. tariff changes could pressure insurers’ balance sheets going forward, causing unrealised losses in equity portfolios and diminished capital bases, ac...
Posted: Apr 15, 2025
Westfield Specialty International, a provider of specialty insurance and reinsurance solutions, has expanded its reinsurance division with the appointment of Chris Gray as Divisional Director. Based in London, Gray will report directly to Jeremy S...
Posted: Apr 15, 2025
AXIS Re, the reinsurance arm of Bermuda-based AXIS Capital Holdings, has announced the appointment of Paul Ng as Reinsurance Treaty Underwriter. Based in Canada, Ng’s new role will include providing AXIS Re’s reinsurance partners and cedents with...
Posted: Apr 15, 2025
This post is part of a series sponsored by AgentSync. Are your producers tired of entering (and re-entering) their answers five different ways into slight variations of the Uniform Producer Application every time they apply for a new license or ̷...
Posted: Apr 15, 2025
Trium, a cyber and property catastrophe underwriter at Lloyd’s of London, has announced its 2024 financial results, reporting a combined ratio of 71.8%. Its “remarkable” performance makes Trium the fifth-best performing syndicate overall within th...
Posted: Apr 15, 2025
Independent specialist re/insurance broker Miller has appointed Judith Zeleny as Global Head of Origination, Strategic Advisory in its reinsurance practice. Zeleny holds over 35 years of industry experience, having previously served as an underwri...
Posted: Apr 15, 2025
Jamie Sahara, President of Applied Underwriters, has announced leadership appointments at United Risk, naming Alex Amezquita as Chief Financial Officer (CFO) and Jay Cahill as CEO of United Risk’s newly formed reinsurance division. These appointme...
Posted: Apr 15, 2025
Canadian property and casualty insurer Definity Financial Corporation has disclosed that catastrophe losses in the first quarter of 2025 would negatively impact operating income by approximately CAD 50 million, net of reinsurance recoveries. The i...
Posted: Apr 15, 2025
The administration of President Donald Trump aims to eliminate the arm of the National Oceanic and Atmospheric Administration that oversees research on climate change, and refocus the U.S. fisheries service to support energy development, according to...
Posted: Apr 15, 2025
Australia’s competition regulator said on Monday Clorox’s local unit had been fined A$8.25 million ($5.19 million) by the Federal Court over falsely claiming its GLAD kitchen and garbage bags were partially made from recycled ocean plasti...
Posted: Apr 15, 2025
Security First Insurance, one of the larger carriers in Florida, with 136,500 policies in force, has elevated two people to key positions. Scot Moore was named chief financial officer, the insurer said in an announcement Monday. Moore has 20 years...
Posted: Apr 15, 2025
Southern California Edison (SCE), a subsidiary of utility Edison International, said on Friday it had submitted an initial plan to rebuild the areas within its service territory that were devastated by the Los Angeles wildfires in January. The prelim...
Posted: Apr 15, 2025
Specialist underwriting agency DUAL Europe has further extended its reach in the maritime insurance market by launching a new Marine hub in Hamburg, Germany. Part of the global DUAL Group, one of the world’s largest international underwriting agen...
Posted: Apr 15, 2025
Five people have been charged in a large-scale insurance fraud scheme involving misrepresented life insurance policies that resulted in fraudulent commissions totaling over $1.4 million. The five, which include a former insurance agent, reportedly fr...
Posted: Apr 15, 2025