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Progressive reports 85.3% CR for July

coverager

Progressive added around 318k policies to its overall count.

Posted: Aug 20, 2025

AI and Life Insurance Sales — How Will AI Impact the Future of the Industry?

coverager

Artificial intelligence (AI) has made enormous strides in recent years and is now used in almost every industry. From education to cybersecurity and marketing, organizations are finding uses for generative AI...

Posted: Aug 20, 2025

A Surety Thing

Best's Review

Posted: Aug 20, 2025

Rising Rates, Shrinking Capacity Highlight Commercial Transportation Woes: Report

Carrier Management

Rising Rates, Shrinking Capacity Highlight Commercial Transportation Woes: Report The fleet m...

Posted: Aug 20, 2025

EV Charging Infrastructure Emerges as Major Risk Factor Despite Lower Fire Rates

Risk & Insurance

New vulnerabilities surface as electric vehicle adoption accelerates toward projected 200 million units by 2030: Allianz Commercial The post

Posted: Aug 20, 2025

Heat-Related Worker Deaths Surge as Construction Industry Faces Mounting Crisis

Risk & Insurance

Analysis of data reveals construction workers are nearly four times more likely to die from heat exposure than workers in other industries, with fatalities climbing 77% over the past decade, the CPWR reports. The post

Posted: Aug 20, 2025

Favourable market conditions drive peak P&C profitability for European reinsurers: Fitch

Reinsurance News

Fitch Ratings has reported that property and casualty (P&C) reinsurance has reached peak profitability, with a record low average combined ratio of 81.5% for Europe’s big four reinsurers. This “reflects healthy attritional performance an...

Posted: Aug 20, 2025

Small Biz Customers Rank Erie, Cincy, Philly Top Insurers; Industry Scores Flat

Carrier Management

Small Biz Customers Rank Erie, Cincy, Philly Top Insurers; Industry Sco...

Posted: Aug 20, 2025

States Reconsider Setting Speed Limits Based on the 85% Rule

Carrier Management

States Reconsider Setting Speed Limits Based on the 85% Rule Rose Hammond pushed authorities for years...

Posted: Aug 20, 2025

Hot Topics at In2Risk in New Orleans This November

Risk & Insurance

The CPCU’s Society’s flagship event, In2Risk, held in New Orleans, will feature sessions about emerging topics, AI applications, and technical deep dives. The post

Posted: Aug 20, 2025

AM Best Maintains Under Review With Negative Implications Status for UNAIC

Insurance Journal

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Universal North America Insurance Company (UNAIC) based in Ar...

Posted: Aug 20, 2025

People Moves: Texas Mutual Elects Cogan to Board of Directors

Insurance Journal

Doug Cogan, of Cypress, Texas, has been elected to the Texas Mutual Insurance Company board of directors. He was elected at the company’s annual policyholder meeting. Cogan’s board terms for Texas Mutual, the state’s leading provide...

Posted: Aug 20, 2025

Midwest Gas Station to Pay $35K in Discrimination Case

Insurance Journal

Kwik Trip Inc., a family-owned gasoline station and convenience store with over 800 locations in the upper Midwest, agreed to resolve a discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency annou...

Posted: Aug 20, 2025

People Moves: NFP Tabs Ryan to Lead Complex Risk Business in Central and West Regions

Insurance Journal

NFP, an Aon company and leading property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, has appointed Tom Ryan as managing director of Complex Risk for its Central and West regions. Based in the Chicago area, Ry...

Posted: Aug 20, 2025

Southern California Faces Record Heat and Braces for Wildfires

Insurance Journal

A days-long heat wave rolling across parts of the US West is expected to ramp up wildfire risk, prompting California to pre-deploy crews as record-dry vegetation potentially acts as kindling for blazes. Temperatures in Southern California are expecte...

Posted: Aug 20, 2025

People Moves: Trucordia Promotes Greve to SVP of Marketing

Insurance Journal

Trucordia, headquartered in Lindon, Utah, promoted Leslie Greve to senior vice president of marketing. Greve previously served as vice president of marketing. Greve will continue to support the growth of the business along with the Trucordia brand am...

Posted: Aug 20, 2025

ZhongAn Online net profit soars over 1,100% in H1’25

Reinsurance News

China’s largest online-only insurer, ZhongAn Online P&C Insurance Co., Ltd., reported a net profit attributable to shareholders of RMB 668 million (~USD 93 million) in the first half of 2025, soaring 1,103.5% year over year. The company attrib...

Posted: Aug 20, 2025

Delta, United Sued for Selling Windowless ‘Window Seats’

Insurance Journal

Delta Air Lines and United Airlines were sued on Tuesday by passengers who claimed they paid extra money to sit in “window” seats, only to find themselves placed in seats next to a blank wall. Proposed class actions were filed …

Posted: Aug 20, 2025

Adding Compassion to Workers’ Compensation: A Combat Veteran’s Call for Change

Risk & Insurance

In a conversation with National Comp Chair Michelle Kerr, this year's keynote speaker Noah Galloway shares insights on the critical role of mental health, and why compassion should be at the core of workers' compensation. The post

Posted: Aug 20, 2025

Philippine insurers FPG and Mercantile announce merger

Reinsurance News

FPG Insurance Co Inc (FPG) and The Mercantile Insurance Co Inc, two of the largest non-life insurance providers in the Philippines, have announced their plans to merge, forming FPG Mercantile. With a combined GWP of PHP 10 billion, FPG Mercantile...

Posted: Aug 20, 2025

Court Invalidates Maryland Digital Ad Tax for Blocking Tech Firms From Telling About It

Insurance Journal

Maryland’s first-in-the-nation tax on digital advertising violated the Constitution, a federal appeals court says, because blocking Big Tech from telling customers about the tax violates the companies’ right to free speech. Supporters say...

Posted: Aug 20, 2025

KCC identifies US coastal cities at risk of $100bn hurricane losses

Reinsurance News

Karen Clark & Company (KCC), a provider of catastrophe risk modelling, has examined the likelihood of hurricanes causing insured losses exceeding $100 billion in the United States, highlighting the most vulnerable regions and what these exposu...

Posted: Aug 20, 2025

Connecticut House Fire Kills 2 Adults and 2 Children, Injures 5 Others

Insurance Journal

A fast-moving fire roared through a Connecticut home early Monday, killing two adults and two children and injuring five other people, including a firefighter, authorities said. The fire in Hartford broke out around 2:30 a.m., and firefighters found...

Posted: Aug 20, 2025

ADB, UNCDF, UNDP to create parametric climate insurance for MSMEs in Fiji

Reinsurance News

The Asian Development Bank (ADB), the United Nations Capital Development Fund (UNCDF), and the UN Development Programme (UNDP) have partnered to develop parametric insurance solutions for extreme weather for micro, small, and medium-sized enterpri...

Posted: Aug 20, 2025

Beshear Bans Designer Xanax Drug in Kentucky as AGs Urge Emergency Action

Insurance Journal

Kentucky Gov. Andy Beshear took emergency action Monday to ban the sale of “designer Xanax,” responding to a request from his state’s attorney general who is leading a broader effort to combat the highly potent synthetic drug linked...

Posted: Aug 20, 2025

Chaucer goes live with WCL’s Alternate Solution ahead of Blueprint 2

Reinsurance News

Chaucer Group is now live with Web Connectivity Limited’s (WCL) messaging solution Alternate, in preparation for Blueprint 2, the transformation project in the London market that plans to update the central market messaging infrastructure. Alterna...

Posted: Aug 20, 2025

ASR accredited to offer reinsurance capacity in Rwanda

Reinsurance News

Africa Specialty Risks (ASR), a developing markets-focused re/insurance group, announced it will now offer reinsurance capacity and support to the Rwandan insurance market, following accreditation by the National Bank of Rwanda (NBR). This signifi...

Posted: Aug 20, 2025

Rising wildfire risk puts millions of western US homes in danger: Cotality

Reinsurance News

Wildfires, once primarily associated with a seasonal pattern, are now a year-round threat across the Western United States, according to the 2025 Cotality Wildfire Risk Report: Priced Out & Burned Out. The report, released today by Cotality, a...

Posted: Aug 20, 2025

Pivix Specialty Launches E&S Brokerage Unit With Gramm at Helm

Insurance Journal

Pivix Specialty Insurance Services Inc., a Scottsdale-based excess and surplus managing general agent distributing through wholesale brokers, has opened a brokerage division. Pivix, which is backed by Ambac Financial Group, Inc., entered the market l...

Posted: Aug 20, 2025

People Moves: Markel Canada Taps Berkeley’s Paris as VP, Product Line Leader – Primary Casualty; His...

Insurance Journal

This edition of International People Moves details appointments at Markel Canada and Hiscox. A summary of these new hires follows here. Markel Canada Taps Berkeley’s Paris as VP, Product Line Leader – Primary Casualty Markel Insurance, th...

Posted: Aug 20, 2025

States Rethink Practice of Setting Speed Limits Based on How Fast Drivers Travel

Insurance Journal

Rose Hammond pushed authorities for years to lower the 55 mph speed limit on a two-lane road that passes her assisted living community, a church, two schools and a busy park that hosts numerous youth sports leagues. “What are you …

Posted: Aug 20, 2025

Reinsurance market will continue to thrive in 2025 despite modest softening: AM Best

Reinsurance News

AM Best has noted that the property reinsurance market remains stable at mid-year 2025, with modest softening appearing at the highest attachment layers, yet the agency expects overall conditions to remain robust through year-end. Following years...

Posted: Aug 20, 2025

Ventis expands capacity to £70m per location

Reinsurance News

Ventis, a commercial and residential real estate MGA, has increased its underwriting limits and can now cover single buildings or assets up to £70 million per location. Despite the higher limits, Ventis is committed to keeping things simple. The c...

Posted: Aug 20, 2025

Markets/Coverages: MGA Coalition Launches Cyber Insurance in France

Insurance Journal

Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, announced the launch of its Active Cyber Insurance in France through its subsidiary, Coalition Insurance Solutions GmbH. French companies with revenues of up to €...

Posted: Aug 20, 2025

Coalition launches its Active Cyber Insurance in France

Reinsurance News

Coalition, an active insurer focused on preventing digital risks, has announced the launch of its Active Cyber Insurance in France through its subsidiary, Coalition Insurance Solutions GmbH. With capacity provided by Allianz Commercial via Allianz...

Posted: Aug 20, 2025

Rokstone Agriculture launches equine mortality product line with new capacity

Reinsurance News

Rokstone Agriculture, a MGU specialising in agriculture and livestock, part of re/insurance MGA Rokstone, has secured new capacity to launch a new equine mortality product line for the US market across 19 states. The new product has USD 1,000,000...

Posted: Aug 20, 2025

People Moves: CNA Appoints Haas, Nardiello and Kim to Leadership Roles

Insurance Journal

CNA Financial Corp., headquartered in Chicago, made several leadership appointments across key business segments. David Haas has been appointed president global specialty, where he will oversee financial lines, healthcare, affinity and warranty. A se...

Posted: Aug 20, 2025

QBE promotes Virginie Massé to Head of European Claims

Reinsurance News

Australian insurer QBE has announced the promotion of Virginie Massé to Head of European Claims, effective 1st September 2025. In her new role, Massé will remain based in Paris and report to Mike East, Claims Director at QBE European Operations (E...

Posted: Aug 20, 2025

Hijacked Satellites, Orbiting Space Weapons: In 21st Century, Space Is New Battlefield

Insurance Journal

As Russia held its Victory Day parade this year, hackers backing the Kremlin hijacked an orbiting satellite that provides television service to Ukraine. Instead of normal programing, Ukrainian viewers saw parade footage beamed in from Moscow: waves o...

Posted: Aug 20, 2025

Aon names Tony DeMarco as Reinsurance MD

Reinsurance News

Aon, a global insurance and reinsurance broking group, has hired Tony DeMarco from Gallagher Re as Managing Director within its Reinsurance Solutions division, based in New York. In his new role, DeMarco will support the design and execution of ca...

Posted: Aug 20, 2025

Allianz Raises $1.25 Billion in Perpetual-Bond Litmus Test

Insurance Journal

Allianz SE sold $1.25 billion of perpetual notes Tuesday, the German insurer’s latest batch of risky bonds that investors said could set the tone for the subordinated debt market. The Restricted Tier 1 bond has an annual coupon of 6.55%, &#8230...

Posted: Aug 20, 2025