Latest News & Insights

People Moves: W. R. Berkley Makes Executive Appointments; Everest Group Names Habayeb CFO

W.R. Berkley Corp., headquartered in Greenwich, Connecticut, named Lee Iannarone executive vice president. He is succeeded by Stephen Kennedy, who has been named senior vice president and general counsel. Iannarone began his tenure with the company in 2023 as senior …

Volkswagen, Porsche Recall Over 500,000 Vehicles With Rearview Camera Glitch

Problems with the rearview mirror have forced Porsche and now parent company Volkswagen to recall over half a million vehicles collectively in the United States, where the National Highway Traffic Safety Administration announced the latest round of measures on Tuesday. …

Relief But Questions on Agents’ Duties to Insureds After Florida Court Ruling

Florida insurance agents and brokers can breathe at least a little easier after a state appeals court effectively reversed hefty damages in a case that had threatened to expand agents’ duties to insureds as well as their liability in coverage …

New Jerseyans Get $86 Million in Medical Debt Relief

New Jersey Governor Phil Murphy announced that more than 53,000 residents will see a combined $86 million in medical bills abolished as a result of the state’s ongoing partnership with national nonprofit Undue Medical Debt. This marks the state’s sixth …

New York Regulates Consumer Litigation Financing

New York State has a new law that regulates the industry that provides consumers with funds for living expenses while their legal cases are in process in exchange for a share of any settlement or judgment. Under such contracts, consumers …

MAPFRE Accuses AAA of Violating Long-Time Exclusive Marketing Agreement

The biggest auto insurer in Massachusetts is at odds with the AAA Northeast division it says is violating an exclusive 20-year joint marketing agreement that is worth $200 million a year in premiums to the insurer. In a lawsuit in …

Southern California Aerospace Firm to Pay $1.5M to Resolve False Claims Act Allegations

An aerospace and defense electronics company based in Chatsworth, California, agreed to pay $1.5 million to resolve allegations that it violated the False Claims Act by supplying aircraft parts to the military that did not meet contract specifications. Teledyne RISI …

Their Homes Survived The LA Wildfires; A Year Later They Fear Living in Them

“DANGER: Lead Work Area” reads a sign on a front door of an Altadena home. “May damage fertility or the unborn child. Causes damage to the central nervous system.” Block after block there are reminders that contaminants still linger. House …

JPMorgan, Citi Extending Mortgage Relief for LA Wildfire Victims

California Gov. Gavin Newsom said a group of major banks have agreed to extend mortgage relief for Los Angeles wildfire victims, as the area struggles to rebuild one year after the devastating blazes. Wells Fargo & Co., JPMorgan Chase & …

Trucordia Acquires First Texas Agency

Trucordia announced the acquisition of the First Texas Agency business, based in Houston, Texas. With a commitment to guiding clients with education about insurance solutions, First Texas Agency builds strong client relationships throughout the Houston area and beyond. Helfer & …

Houston Homeowners Win Hurricane Harvey Appeal Against Feds

A federal appeals court has ruled that the government is liable for damage to homes that flooded upstream of the Addicks and Barker dams after Hurricane Harvey unleashed more than 50 inches of rainfall on the Houston region in 2017. …

Zurich and Players Health Form Injury Insurance for NIL Era of College Sports

Zurich North America and Players Health, a provider of athlete safety and insurance solutions, have teamed up to introduce a critical injury protection insurance solution for colleges, universities, collectives and their student athletes who receive name, image and likeness (NIL) …

People Moves: Westfield Specialty Taps Sompo’s Röskau for New Company Market Unit

Westfield Specialty announced the appointment of Cornelia Röskau as chief executive officer of the newly formed Europe company market, Westfield Specialty Europe, which will begin underwriting business in April, subject to regulatory approval. She will be based in Luxembourg and …

Morningstar: A Year Later, LA Wildfires Were ‘Significant Stress Event’ for Insurance

In a report one year on from the Los Angeles area wildfires in 2025, which started on Jan. 7, Morningstar DBS Research issued a perspective that called the fires “a significant stress event” for California’s property/casualty insurance sector. The industry …

Xceedance Acquires Illinois-Based Marble Box

Xceedance, a global provider of technology-driven business solutions for the insurance industry, today announced its acquisition of Marble Box, a company delivering tailored operational support and process optimization solutions to independent insurance agencies and brokers. This acquisition marks Xceedance’s entry …

Millions at Risk of Los Angeles-Style Wildfires in Australia

Millions of people living on the expanding outskirts of Australia’s major cities face an increasing risk of urban wildfires similar to the deadly blazes in Los Angeles last year. Suburbs on the fringes of centers including Sydney, Melbourne and Perth …

AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In

American International Group Inc. said Peter Zaffino intends to retire as chief executive officer by midyear, ending a five-year run of improved returns that was marred by recent managerial turmoil. He’ll be replaced by Aon Plc’s Eric Andersen. The announcement …

German Insurers Report Below-Average Natural Disaster Claims in 2025

Heavy rain, flooding, storms and hail – also known as severe convective storms (SCS) – brought below-average claims for German insurers in 2025, defying the long-term trend for such perils, given the impact of climate change, according to the German …

UK Investment Group Kelso Buys Stake in Travel and Insurance Firm Saga

Investment firm Kelso Group Holdings said on Tuesday it had bought 400,000 shares in British travel company firm and submitted proposals to its board aimed at boosting value, including attracting more U.S. investors. Kelso’s investment, worth 1.55 million pounds ($2.1 …

Europe Backs Greenland After Trump Resumes Takeover Threats

European officials pledged to support Greenland after US President Donald Trump restarted his campaign to take the self-governed island in the wake of his strike on Venezuela. Across the continent, Europe’s biggest powers expressed solidarity with Greenland, a semi-autonomous territory …

UK’s Admiral Group Completes Sale of US Motor Business to PE Firm J.C. Flowers

UK insurer Admiral Group plc announced it has completed the sale of its U.S. motor insurance business – including Elephant Insurance Co. and Elephant Insurance Services – to J.C. Flowers & Co., the private equity firm, effective from December 31, …

Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says

As the artificial intelligence trade continues to push the stock market to new highs, investors are increasingly asking if we’re living through another financial bubble that’s destined to burst. The answer isn’t so simple, at least according to history. The …

Germany Sees Russian Covert Attacks as Prelude to Wider Conflict

Russia is intensifying covert attacks on key infrastructure in Germany in a campaign of hybrid warfare that Berlin views as a possible prelude to a wider conflict, according to a military document obtained by Bloomberg. As Germany positions itself as …

Oil Tankers Sail From Venezuela With no Flag or Safety Documents, Shipping Data Show

Tankers loaded with Venezuelan crude and fuel that left the country’s waters in recent days are sailing in international waters without a known flag or ship safety documentation in place, shipping data showed. The location of the vessels is unknown …

High-Net-Worth Provider PCS Gets Former PURE CEO Buchmueller as Chairman

Ross Buchmueller, founder and former CEO of PURE Insurance, will be joining the board of managing general underwriter Private Client Select Insurance Services as chairman. Buchmueller announced Jan. 5 on LinkedIn that he agreed to serve as chair of the …

Former Exec Sues Insight Partners for Being ‘Impossible for Women’

A former vice president at Insight Partners has sued the venture capital firm for wrongful termination and gender discrimination, accusing the prominent investor of keeping women from its highest levels. Katherine Lowry, a consultant and tech company strategist who joined …

SCDOI Says Uninsured Motorist Fund Payments Should Be Considered ‘Other Income’

Auto insurers in South Carolina should soon start receiving checks from the state to help defray the cost of providing uninsured motorist coverage, but carriers must properly calculate and account for the money. The state Department of Insurance announced in …

Viewpoint: Georgia Reforms May Reshape Markets in Unintended Ways

Georgia lawmakers enacted two consumer-focused statutes that have gone into effect with the New Year that acknowledge and address one simple, but critical fact of life: Time is money. Approved by legislators in May 2025, Georgia Act 277 makes a …

People Moves: Alliant Hires Ellison as SVP, Employee Benefits

Jason Ellison has joined Alliant Insurance Services as senior vice president within its employee benefits group. Based in Nashville, Tennessee, Ellison will serve a national client base, providing strategic guidance across all aspects of employee benefits and total rewards programs. …

Judge Rejects Amazon’s Bid to Dismiss Price Gouging Lawsuit

A U.S. judge on Monday rejected Amazon.com’s bid to dismiss a proposed class-action lawsuit accusing the online retailer of price gouging during the COVID-19 pandemic. U.S. District Judge Robert Lasnik in Seattle, Amazon’s hometown, found “unpersuasive” a claim that Washington …