Two weeks into the expiration of the National Flood Insurance Program, one of the insurance industry’s trade associations is once again calling for a reauthorization. The National Association of Mutual Insurance Companies (NAMIC) on Oct. 16 issued a statement directed …
NAMIC to Federal Lawmakers: Do Your Job on Flood Insurance Program Read More »
Top Republicans in the Texas Legislature have announced the creation of committees tasked with “getting to the bottom of” the July flooding that killed more than 130 people, including 25 young girls and two teenage counselors at Camp Mystic. Lt. …
Texas Legislature Forms Committees to Investigate July Deadly Floods Read More »
Arthur J. Gallagher & Co. announced the acquisition of Rochester Hills, Michigan-based Strategic Services Group, Inc. Terms of the transaction were not disclosed. Strategic Services Group provides employee benefits consulting services across a range of industries in Michigan and the …
Arthur J. Gallagher & Co. Acquires Michigan’s Strategic Services Group Read More »
Global insured losses from natural catastrophes during the first nine months of 2025 are estimated to hit US$105 billion, bringing the sixth consecutive calendar year with losses topping US$100 billion and the eighth year since 2017, according to Gallagher Re. …
Natural Disaster Claims in 2025 to Again Top $100B Despite ‘Abnormally Low’ Q3 Events Read More »
A former Crum & Forster executive and a London-based underwriter incubator have teamed up to launch a new specialty insurance company based in Charlotte, North Carolina. 1889 Specialty Insurance plans to offer professional lines coverage and management liability policies to …
Incubator, Former C&F Exec Launch Specialty Insurer for Insurers, Financial Managers Read More »
The blast that killed 16 workers at a military explosives plant in Tennessee last week likely could have been prevented with better safety measures and accountability, the National Council for Occupational Safety and Health said in a statement. “This is …
Tennessee Plant Explosion That Killed 16 Was Preventable, National COSH Says Read More »
Third quarter net income at The Travelers Cos. increased 50% compared with the same period a year ago, to about $1.9 billion on lower catastrophe losses. Catastrophe losses for the third quarter this year were $402 million pretax, compared with …
Travelers Q3 Net Income Soars 50% on Lower Catastrophe Losses Read More »
HSB Canada, a specialty insurer and part of Munich Re, introduced HSB CyberPro™, a new solution that provides comprehensive insurance coverage and services for businesses. HSB CyberPro combines specialized cyber claims service, active threat monitoring, and risk mitigation tools developed …
Markets/Coverages: HSB Canada Launches Cyber Insurance Coverage for Businesses Read More »
Medical costs per claim have begun to rise following a period of relative stability post-pandemic, a new report shows. A new Workers Compensation Research Institute report shows medical payments per claim recently started increasing, fueled by an increase in medical …
Workers’ Compensation Medical Claims Costs Rising Across Most States: WCRI Read More »
A record amount of renewable energy capacity was added globally last year, but that still left countries short of targets towards meeting a U.N. climate goal to triple capacity by 2030, a report by global renewable groups showed on Tuesday. …
Record Global Renewable Energy Growth Remains Short of Climate Target: Report Read More »
