Natural disasters across the globe cost insurers US$80 billion during the first half of 2025, up from $64 billion in H1 2024, according to Munich Re’s mid-year natural disaster report. On the other hand, overall economic losses (which include insured …
H1 Natural Disasters Had Insured Price Tag of $80B – Driven by US Claims: Munich Re Read More »
Applied Underwriters said it has launched Innovation Risk, a new managing general agent (MGA) platform that will focus on casualty, accident, and life underwriting. The MGA, while firmly rooted in proven, traditional insurance fundamentals, will incorporate the enhanced approaches developed …
Applied Underwriters Starts MGA Platform Innovation Risk Read More »
Two youths at a Miami sailing camp were killed and two others were hospitalized after a barge struck a sailboat Monday. The Associated Press, The Miami Herald and other news sites reported that one adult and five kids were pulled …
Two Youths Killed, Two in Critical Condition After Barge Hits Sailboat in Miami Read More »
All three people aboard a small twin-engine plane that crashed into the Pacific Ocean off California’s central coast perished, law enforcement officials said. The Monterey County Sheriff’s Office confirmed late Sunday that the three occupants of the plane that went …
All 3 Aboard Small Plane That Crashed in Ocean off California Died, Officials Say Read More »
The Trump administration is set to announce its plans to abolish the US government’s authority to regulate greenhouse gases, threatening to strike a deep blow at Washington’s ability to fight climate change. The Environmental Protection Agency will unveil a proposal …
EPA Set to Unravel US Authority to Regulate Greenhouse Gases Read More »
Second quarter 2025 net income at Cincinnati Financial Corp. was $685 million—more than double the $312 million in net income booked a year ago during the same time. “It was a solid quarter, showing the strength of our agent-centered strategy …
Cincinnati Financial More Than Doubles Q2 Net Income Read More »
Insurance broker Aon reported second quarter revenue of $4.2 billion, an 11% increase from $3.8 billion in Q2 2024. Aon said its Q2 revenue reflected 6% organic revenue growth (versus 5% in Q2 2024), along with the contribution from last …
Aon Reports 6% Organic Revenue Growth, Boosted by Commercial, Reinsurance Lines Read More »
This post is part of a series sponsored by AgentSync. For high-growth insurance agencies and carriers, acquisitions are a core part of business expansion. Yet, if you don’t keep your acquisition strategy streamlined and efficient, you end up with an …
5 Reasons to Centralize Your Compliance and Producer Management After an Acquisition Read More »
Hong Kong issued its highest rainstorm warning, effectively closing down the city, just over a week after a typhoon downed trees in the financial center. The local observatory hoisted the black rainstorm alert at 9:10 a.m. local time on Tuesday. …
Hong Kong Shuts Down for Second Time in a Week Due to Heavy Rain Read More »
India issued guidelines to protect solar power equipment from potential cyberattacks, responding to industry concerns that imported China-made parts may be putting the grid at risk. Suppliers of inverters — devices that turn direct current into electricity for homes and …
India Moves to Shield Power Grids From Solar Equipment Malware Read More »
