Category: News

July 26, 2024

As the U.S. homeowner’s insurance segment experiences its worst underwriting results since at least 2000, rating agency AM Best has cited the continued shift in population towards catastrophe prone regions of the US, as being a key driver towards this. […]

July 24, 2024

On July 11, NYDFS issued Insurance Circular No. 7 to address the use of AI systems and External Consumer Data and Information Sources (ECDIS) in the underwriting and pricing of insurance policies in New York State. NYDFS outlined its expectations for insurers regarding […]

July 22, 2024

Law enforcement officials are continuing to investigate a July 13 shooting at a Butler, Pa. rally for former President Donald Trump’s 2024 election campaign. During the incident, the former president was injured, one spectator was killed, and two more were […]

July 9, 2024

Specialist Risk Group (SRG), the insurance intermediary, has acquired the ongoing business of Carriagehouse. Established over three decades ago, Carriagehouse plays a key role in supporting the equestrian industry by providing a wide range of specialist products, including, policies for […]

June 21, 2024

Heineken has a new ad campaign, in collaboration with Publicis London, in which it claims it has introduced an ‘innovative’ insurance policy designed to cover football fans who accidentally spill their beer during the more stressful moments of the Euros […]

June 18, 2024

Aon, a global insurance and reinsurance broking group, has released its latest capital poll, highlighting the capital challenges and growth prospects for insurers. The challenges faced in 2023 significantly reduced the financial buffers that many insurers previously benefitted, leading to […]

June 7, 2024

North Carolina authorities have charged a Battleboro insurance agent with 74 counts after they said he forged life insurance applications for 16 people. Jonathan Michael Vlasak, 35, a licensed producer qualified to sell property, casualty, life and accident insurance, took […]

June 6, 2024

Practitioners of Brazilian butt lift surgery, repeatedly in the news after infections and at least two patient deaths in south Florida, must now obtain medical malpractice liability insurance, thanks to a bill signed into law last month. House Bill 1561, […]

June 5, 2024

The California Earthquake Authority (CEA) has renewed $3.73 billion of reinsurance in 2024 so far, having secured almost $1.2 billion in new protection at the April 1st renewals. At the end of 2023, the earthquake insurer had $9.1 billion of […]

June 3, 2024

Broadstone, the independent pensions, employee benefits, investment and insurance consultancy, has launched its standalone Insurance, Regulatory & Risk Advisory division. According to the announcement, this proposition will service the life and non-life insurance sector including Lloyds and the London market, […]

May 29, 2024

Relation Insurance Services has acquired the assets of First Insurance, an affiliate of FirstBank, Inc. First Insurance, based in Durant, Oklahoma, provides a full range of insurance products including commercial, personal, farm and ranch, and manufacturing. Dina Wagner will continue […]

May 28, 2024

World Insurance Associates LLC (World) has announced that Thaddeus Woosley (pictured above) has joined as executive vice president and head of national practice groups. As part of World’s executive leadership team, Woosley will support the growth of the company’s niche […]

May 20, 2024

Smart Choice® has signed a record number of independent insurance agencies in the first quarter of 2024 with 444 agencies partnering with the fastest growing insurance network in the nation. This number eclipses all historical first quarter results. In addition, […]

May 13, 2024

Among the names being bounced around as a potential running mate for former President Donald Trump’s re-election bid is Sen. Marco Rubio (R-Fla.). But what could a Trump-Rubio ticket mean for the insurance industry? As a Republican, Rubio has generally […]

March 21, 2024

Zurich Nordic has announced that it will be offering its insurance and risk mitigation services in the Baltic region, in a move that the company hopes will make a difference for businesses operating in the middle-market segment of Estonia, Latvia, […]

March 18, 2024

2023 was an unremarkable year for insurers. And that’s a good thing. Insurers and their shareholders prefer boring predictable results over unexpected volatile shocks. Property & casualty insurance company stocks performed relatively well. In 2023 the S&P Insurance Stock Index […]

March 14, 2024

California Insurance Commissioner Ricardo Lara said he will allow catastrophe modeling to be used in rate regulation for wildfires, a move he says will help restore insurance options for Californians, including allowing. It was the latest phase of Lara’s Sustainable […]

February 23, 2024

An Iowa school board has reached an agreement resolving a lawsuit over a now-rescinded district policy that allowed students to request a gender support plan to begin socially transitioning at school, without the permission of their parents. Linn-Mar Community Schools’ […]

February 15, 2024

Japanese insurer Mitsui Sumitomo Insurance (MSI), owner of Lloyd’s of London underwriter MS Amlin, is investing in the UK hub as it announces its plans to increase its underwriting capacity to £3 billion in the next five years. According to […]

February 1, 2024

Reinsurance Group of America, Inc. has once again secured a spot on Fortune magazine’s esteemed 2024 list of the World’s Most Admired Companies. Expressing gratitude for this recognition, Tony Cheng, president and CEO of RGA, remarked, “It is both an […]