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Ventis, a Managing General Agent (MGA) specialising in Commercial and Residential insurance, has reported strong growth in its first full year of trading, underwriting £12 million in gross written premiums. Since its January 2024 launch, Ventis ha...
Posted: Mar 26, 2025
Maritime risks insurer Falvey Insurance Group has announced the appointment of Gina Perini to its Board of Directors. Perini currently serves as Chair of the Board and Chief Executive Officer at Somos, Inc., where she has worked for the past 12 ye...
Posted: Mar 26, 2025
Legacy acquirer DARAG Group has signed an agreement with UK-based insurer Soteria Insurance Limited (SIL), formerly the underwriting arm of the Co-operative Group. Under the Loss Portfolio Transfer (LPT), DARAG Deutschland AG will reinsure a portf...
Posted: Mar 26, 2025
Australian Reinsurance Pool Corporation (ARPC) has provided preliminary loss estimates on ex-Tropical Cyclone Alfred, with initial modelling indicating that total losses covered by the Cyclone Reinsurance Pool are approximately A$1.7 billion. The...
Posted: Mar 26, 2025
The Cincinnati Insurance Companies have grown business for 75 years through relationships with a carefully selected set of regional independent agents—and business in the surplus lines segment is no exception, executives report. That sets the insurer...
Posted: Mar 26, 2025
Kroger Co. is fighting back against a lawsuit brought by Albertsons Cos. over its failed $24.6 billion takeover of the rival grocery chain, escalating a dispute that began after US antitrust enforcers succeeded in blocking the deal last year. Alberts...
Posted: Mar 26, 2025
Allianz Global Investors, the smaller of the two asset managers owned by German insurance giant Allianz SE, is cutting some roles as it looks to make changes to its organizational structure. “Some tasks and elements of our operation may no R...
Posted: Mar 26, 2025
Spain’s antitrust watchdog said on Tuesday it had opened an investigation into Italian insurer Generali and local health insurance provider Sanitas over potential anti-competitive practices. The CNMC watchdog said the probe focused on an agreem...
Posted: Mar 26, 2025
The Florida Office of Insurance Regulation provides a rate comparison tool on its website for homeowners’ and auto insurance, allowing consumers to view estimated premiums for limited types of properties and policyholders. Under a bill approved...
Posted: Mar 26, 2025
New bursts of yellow dot the hills of Mendocino County. Smears of burnt orange now span the aqueduct near Bakersfield. A fresh splash of crimson juts east of Chico like a fresh wound. With the release of its fourth and …
Posted: Mar 26, 2025
Ardonagh Group Ltd. is nearing a deal to raise as much as $2.5 billion from investors to help fuel the private equity-backed insurance broker’s rapid growth. The London-based firm is expected to close the capital-raise this summer in an oversub...
Posted: Mar 26, 2025
Los Angeles is looking to California for financial help as the city faces a nearly $1 billion budget deficit projected for the next fiscal year. Mayor Karen Bass and a group of city council members went to Sacramento, the state …
Posted: Mar 26, 2025
Delaware lawmakers approved on Tuesday an overhaul of the state’s corporate law in a bid to keep powerful business leaders like Mark Zuckerberg from moving their companies’ legal home to another state, although opponents call it a giveawa...
Posted: Mar 26, 2025
Earlier this month wind damaged the iconic Apex pyramid building in Pawtucket Rhode Island prominently visible from Interstate 95. Now, the city of Pawtucket has removed the remaining exterior panels of the iconic structure, leaving only the skeletal...
Posted: Mar 26, 2025
New analysis by Johns Hopkins researchers finds some bridges are likely to sustain catastrophic hits within the next few decades Ships are highly likely to collide with major bridges across the United States, with potentially catastrophic collisions...
Posted: Mar 25, 2025
This post is part of a series sponsored by Darkhorse Insurance. Ever wonder how much you’re really earning every time you close a deal? Understanding your insurance agent commission structure is the key to knowing where your income comes from &...
Posted: Mar 25, 2025
AI Can Fix Everything in Insurance. Right? AI & Machine Learning ClareCarroll1 Tue, 03/2...
Posted: Mar 25, 2025
The solution’s newly released suite of accelerators empowers insurers to drive efficiency, accuracy, and smarter decision-making.
Posted: Mar 25, 2025
The firms say they will collaborate on underwriting-, claims-, and risk management- related innovations that will benefit their clients globally.
Posted: Mar 25, 2025
While more than 2 in 3 (69%) say the insurance industry is a great place to work and 4 out of 5 (81%) say they are satisfied with their job, high rates of burnout are threatening to dampen job satisfaction, according to Liberty Mutual and Safeco.
Posted: Mar 25, 2025
Two insurance industry reports revealed that the overall property & casualty insurance industry is returning to profitability after years of hard market conditions and weather-related losses.
Posted: Mar 25, 2025
The right technology provider can be a game-changer for your agency, delivering positive downstream impacts that extend beyond operational efficiency.
Posted: Mar 25, 2025
Thotopalli has held technical leadership roles at Nationwide Insurance, State Farm, State Auto, and most recently Great American Insurance Group.
Posted: Mar 25, 2025
Two insurance industry reports revealed that the overall property & casualty insurance industry is returning to profitability after years of hard market conditions and weather-related losses.
Posted: Mar 25, 2025
This post is part of a series sponsored by EZLynx. Are you juggling multiple systems to manage client data, policies, and communications? Maybe your business is stuck with outdated legacy systems or you’re relying on a mix of spreadsheets, emai...
Posted: Mar 25, 2025
There is no excerpt because this is a protected post. The post Protected: On-Demand Webinar — Focused Driving Awa...
Posted: Mar 25, 2025
"We're focused on delivering exceptional value to our customers, not just within the US but on a global scale. Exploring new ways to serve our clients better is a top priority." The post
Posted: Mar 25, 2025
The Lloyd’s executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5% premium growth while maintaining underwriting discipline. Lloyd’s saw a continuation of positive returns with profit before t...
Posted: Mar 25, 2025
Global executives fear rising financial crime risks while compliance programs struggle to keep pace with AI threats, Kroll survey finds. The post Financ...
Posted: Mar 25, 2025
QBE North America Introduces Media Liability Endorsement QBE North America announced a new media liability endorsement for media organizations facing legal actions brought under consumer protection laws. This endorsement provides affirmative coverage...
Posted: Mar 25, 2025
Policy discussions on the use of artificial intelligence in insurance are “unfounded” and “detrimental to policyholders,” according to a analysis from the National Association of Mutual Insurance Companies. The use of AI in in...
Posted: Mar 25, 2025
Armchair analysts prognosticating the impending collapse of property & casualty insurance companies were proven wrong by recently released 2024 financial performance results. The overall industry’s underwriting results were profitable. The...
Posted: Mar 25, 2025
The Oklahoma Insurance Department (OID) has expanded their initial pilot launch of OKReady, the Strengthen Oklahoma Homes (SOH) program. The application process opened earlier this month, and the first testing period has been successful, OID said. Tw...
Posted: Mar 25, 2025
The Missouri Department of Commerce and Insurance (DCI) said that consumer specialists will participate in a Multi-Agency Resource Center (MARC) to answer insurance questions and help those impacted by the severe storms in Phelps County. An EF-2 torn...
Posted: Mar 25, 2025
AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” (Excellent) from “a” (Excellent) of Cities and Villages Mutual Insurance Company (Cities...
Posted: Mar 25, 2025
The findings were stark. In one investigation, the U.S. Department of Housing and Urban Development concluded that a Texas state agency had steered $1 billion in disaster mitigation money away from Houston and nearby communities of color after Hurric...
Posted: Mar 25, 2025
Wildfires have hit several regions in western Japan, injuring at least two people, forcing dozens of residents to evacuate and damaging a number of homes as hundreds of firefighters battled the widening blazes in the mountainous areas. The fires in &...
Posted: Mar 25, 2025
As Los Angeles-area residents recover from one of the costliest natural disasters in U.S. history, California’s insurer of last resort is careening toward another hot and dry summer with its coffers already strained. That’s raising the pr...
Posted: Mar 25, 2025
Millions of Americans who sent their saliva to 23andMe in the hopes of finding lost relatives or identifying health risks buried in their DNA now face seeing their genetic information sold to the highest bidder as part of the company’s …
Posted: Mar 25, 2025
Several residents of Los Angeles who were affected by the deadly Palisades wildfire sued city authorities over claims that municipal utility power lines ignited the fire, according to a lawsuit filed Monday. The suit cited a Washington Post article d...
Posted: Mar 25, 2025
Jana, Konrad, Laurence and Martinho — the unprecedented string of four named storms that barreled through the Iberian peninsula in the past three weeks — came with a silver lining: the likely end of Spain’s worst drought in recorded history. &#...
Posted: Mar 25, 2025
Pennsylvania’s Union County is dealing with a ransomware attack that has likely exposed personally identifiable information, mostly related to individuals involved with the county’s law enforcement, courts, and other county business. Offi...
Posted: Mar 25, 2025
Insurance Information Institute
For Immediate Release: Loretta Worters, 917-208-8842, [email protected] MALVERN, Pa., March 25, 2025 – Three-quarters of consumers have had their personal information lost or stolen in some form of cybercrime. Twenty-eight percent of consumers had...
Posted: Mar 24, 2025
Quantum computing is now mainstream for certain high end cryptographic, operational and financial stochastic models, and insurance will eventually benefit from quantum computing.
Posted: Mar 24, 2025
Signs of an 'Insurtech Spring' PaulCarroll Mon, 03/24/2025 - 18:28 While the search for innova...
Posted: Mar 24, 2025
Redefining Risk Via Continuous Underwriting Underwriting
Posted: Mar 24, 2025
Leveraging face-to-face relationships with potential insurance clients When you are giving the rundown of coverage, do so by using examples of incidents that anyone can understand. … [R]eal-world scenarios that you can walk a prospect through to exp...
Posted: Mar 24, 2025
Unprecedented weather shifts and soaring reconstruction costs force property insurers to reimagine risk assessment strategies, Verisk reports. The post
Posted: Mar 24, 2025
Lemonade, Hippo and Root Are Back, but.... Telematics ClareCarroll1 Sun, 03/23/2025 - 23:14 ...
Posted: Mar 23, 2025
Increasing auto insurance premiums have been a concern over the past couple of years. Here are four insurance reports agents can use discussing the current state of personal auto insurance with their clients.
Posted: Mar 23, 2025