Insurance Journal

JANUARY 24, 2025

January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” ” Geoeconomics refers to the intersection of geopolitical forces and economic policies.

Insurance 96

Insurance 96

Insurance Journal

APRIL 18, 2025

is spending six figures on advertisements in New York in its latest appeal to lawmakers to address issues stemming from the insolvency of the city’s largest taxi insurer. Uber Technologies Inc. The rideshare giant launched the campaign on Tuesday as …

Insurance 91

Insurance Technology 91

Insurance Journal

FEBRUARY 27, 2025

Tennessee-based Selectsys, an insurtech specializing in business process outsourcing for insurers, has acquired Expert Insured, an artificial intelligence-led insurance management system for wholesalers, carriers and managing general agents. With headquarters in Boston, Expert Insured also has …

Insurance 90

Insurance 90

Insurance Journal

FEBRUARY 5, 2025

Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global Insurance Market Index published …

Insurance 92

Insurance 92

Insurance Journal

FEBRUARY 4, 2025

The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insurance industry, with technology serving as a cornerstone for many of these operations. An AM Best survey of its …

Insurance 110

Insurance Technology 110

Insurance Journal

MARCH 20, 2025

The Doctors Company, the Napa, California-based, physician-owned medical malpractice insurer, announced it has entered an agreement to acquire ProAssurance Corp. billion, taking the company private. Under the terms of the agreement, ProAssurance stockholders will receive $25.00 in cash …

Insurance 104

Insurance 104

Insurance Journal

APRIL 6, 2025

World Insurance Associates LLC has acquired Royalty Insurance Services in Van Nuys, California. Royalty has been providing commercial trucking insurance for over 23 years. World Insurance Associates is a national financial services organization headquartered in Iselin, New Jersey operating from …

Insurance 59

Insurance 59

Insurance Journal

FEBRUARY 10, 2025

China’s National Financial Regulatory Administration on Saturday issued guidelines for insurance groups to manage “concentration risks,” asking insurers to hold sufficient capital and liquidity buffers.

Insurance 81

Insurance 81

Insurance Journal

APRIL 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 Group, founded in 2006, …

Insurance 66

Insurance 66

Insurance Journal

FEBRUARY 14, 2025

the international specialty insurer and reinsurer, announced it has received in-principle approval to launch Lloyd’s Syndicate 1984, which will commence underwriting in April 2025. Convex Group Ltd., Convex said it has worked with its advisers Gallagher Re and Asta, which …

Insurance 80

Insurance 80

Insurance Journal

MARCH 24, 2025

million in cash, as part of certain insurance settlements related to its aircraft which were blocked from leaving Russia after the country’s invasion of Ukraine. Aircraft lessor Air Lease Corp. said on Monday it has received $328.5 Before the invasion …

Insurance 78

Insurance 78

Attorney at Work

APRIL 15, 2025

Learn how law firm disability insurance can safeguard your firm's financial stability. The post Law Firm Disability Insurance Explained: 3 Risks Attorneys Often Overlook appeared first on Articles, Tips and Tech for Law Firms and Lawyers. Is your law practice protected?

Insurance 146

Insurance 146

Insurance Journal

APRIL 21, 2025

Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses across the globe, according to …

Insurance 66

Insurance 66

Insurance Journal

JANUARY 20, 2025

World Insurance Associates LLC acquired the business of Business Contractors Insurance Services in Santee, California. The firm provides insurance services to individuals and businesses. World Insurance Associates is headquartered in Iselin, N.J., … BCIS was founded more than 15 years ago.

Insurance 52

Insurance 52

Insurance Journal

MARCH 13, 2025

Ahead of a decision from California’s insurance commissioner on a State Farm General request for emergency rate increases, company executives and representatives of a consumer group pled their opposing cases in letters to Commissioner Ricardo Lara. News outlets in California …

Insurance 71

Insurance 71

Insurance Journal

APRIL 14, 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 The five, which include a former insurance agent, reportedly fraudulently obtained more than $1.4 million …

Insurance 124

Insurance 124

Insurance Journal

MARCH 4, 2025

Global cyber insurance provider Coalition announced a new $30 million equity investment from Insurance Co., MSI), a member of MS&AD Insurance Group. The investment anchors a strategic partnership aimed at bringing what San Francisco-based Coalition calls its “Active Insurance” …

Insurance 64

Insurance 64

Insurance Journal

FEBRUARY 7, 2025

This edition of International People Moves details appointments at Willis and Arch Insurance UK. A summary of these new hires follows here. Willis Promotes Easton to Global Head of ART and Head of Western Europe, Risk & Analytics Willis, a …

Insurance 94

Insurance 94

Insurance Journal

MARCH 28, 2025

MS&AD Insurance Group Holdings Inc. announced it will merge two of its non-life insurance company subsidiaries Mitsui Sumitomo Insurance Co. and Aioi Nissay Dowa Insurance Co. The aim of the merger is to build a more robust …

Insurance 59

Insurance 59

Insurance Journal

APRIL 16, 2025

excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the London market which could help counteract some possible headwinds, according to a report from AM Best. “Excess and surplus …

Insurance 66

Insurance 66

Insurance Journal

MARCH 4, 2025

Specialist Risk Group (SRG), the London-based insurance intermediary, announce the acquisition of Brentacre Insurance, a specialist broker with deep expertise in providing insurance for modified and performance vehicles, subject to regulatory approval. Financial details of the transaction were not disclosed.

Insurance 59

Insurance 59

Insurance Journal

FEBRUARY 9, 2025

million fine and take action to improve claims handling and prevent balance billing for out-of-network treatment after a state Department of Insurance investigation detailed multiple allegations. UnitedHealthcare of North Carolina has agreed to pay a $3.4 “Patients receiving emergency room …

Insurance 66

Insurance 66

Insurance Journal

MARCH 18, 2025

Baloise Holding AG and Helvetia Holding AG have been exploring a possible combination that could create one of Switzerland’s largest insurers, according to people familiar with the matter. The companies have held on-and-off discussions in recent months about a potential …

Insurance 59

Insurance 59

Insurance Journal

FEBRUARY 19, 2025

Howden, the London-based global insurance intermediary group, announced the acquisition of aviation specialists Forbes Insurance Ltd., and the acquisition of the book of business from Hill Aviation Insurance Services Ltd. Forbes Insurance … Financial details of the acquisitions were not disclosed.

Insurance 59

Insurance 59

Insurance Journal

APRIL 7, 2025

Florida’s insurance commissioner on Monday announced another entry into the warming waters of the Florida property-casualty market the 12th new insurer in the last two years. Apex Star Reciprocal Exchange is part of Starlight Insurance Group, based in New …

Insurance 118

Insurance 118

Insurance Journal

APRIL 16, 2025

A consumer advocacy group has sued the California Department of Insurance and Commissioner Ricardo Lara to block hundreds of millions of dollars in surcharges that could soon appear on California homeowners’ insurance bills. Consumer Watchdog said in a press release …

Insurance 119

Insurance 119

Insurance Journal

APRIL 15, 2025

Florida’s property insurance market is an example of the powerful impact that strong legislative reforms can have in addressing a crisis. Other states, like Georgia, have seen the benefits of Florida’s legal system abuse reforms and are following suit with …

Insurance 122

Insurance Litigation 122

Insurance Journal

APRIL 3, 2025

Key Insurance, a Kansas-based insurer specializing in non-standard auto, was placed into liquidation this week after a court ruled the company insolvent. The Shawnee County District Court ordered the liquidation of Key on March 31 after reviewing significant evidence that …

Insurance 101

Insurance Court Rules Evidence 101

Insurance Journal

APRIL 14, 2025

Munich Re said in a recent report it expects the global cyber insurance market to reach about $16.3 billion gross premiums in 2025, with continued growth that will have the market at more than $32 billion in 2023. In “Cyber …

Insurance 111

Insurance 111

Insurance Journal

APRIL 10, 2025

Soaring levels of civil unrest and political violence are a key concern for businesses of all sizes as well as their insurers, according to report published by Allianz Commercial. The impact of civil unrest or strikes, riots and civil commotion …

Insurance 105

Insurance 105

Insurance Journal

APRIL 2, 2025

While Allstate’s CEO Tom Wilson named GEICO and Progressive when asked about the ability to grow auto insurance in 2025 as competitors do the same, no one on Allstate or Progressive’s earning calls addressed competition from Lemonade. The insurtech recently …

Insurance 111

Insurance 111

Insurance Journal

JANUARY 30, 2025

Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes earlier this month. This week …

Insurance 128

Insurance 128

Insurance Journal

APRIL 11, 2025

Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie for Europe Arch Insurance announced the appointment of Paul Seip as head of Fine Art & Specie, European Markets, with immediate effect. Seip joins Arch Insurance (EU) …

Insurance 103

Insurance 103

Insurance Journal

FEBRUARY 9, 2025

Just as many Florida property insurers had hoped to see a boost to the private market with a maximum rate increase for Citizens Property Insurance Corp., state regulators have slashed the rate hike by more than half. After an unusually …

Insurance 100

Insurance 100

Insurance Journal

APRIL 14, 2025

A Connecticut agent for Allstate Insurance may be sued by an insured who faults the agent for not renewing a flood insurance policy in a timely fashion, thereby depriving the insured of the benefit of lower “grandfathered” flood insurance coverage.

Insurance 98

Insurance 98

Insurance Journal

APRIL 15, 2025

OneDigital, an insurance brokerage, financial services, and HR consulting firm, has acquired Fortune Insurance, a property and casualty firm headquartered in Tacoma, Washington. A press release announcing the news said that with an established presence in employee benefits, HR, and …

Insurance 89

Insurance 89

Insurance Journal

JANUARY 20, 2025

AP) Base rates for North Carolina homeowners’ insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the industry. The agreement announced Friday by …

Insurance 98

Insurance 98