Swiss hailstorm pegged at CHF 1bn insured loss
Last month’s hailstorm in Switzerland caused insured damage of just under CHF 1bn (€1.06bn), according to the Swiss Insurance Association, double the last major hail event in the country in 2023. The
Insurance News
Resilience projects show insurance benefits, challenges remain
Efforts to make properties and communities more resilient to natural catastrophes and climate-related risks are beginning to deliver measurable insurance benefits, but projects remain fragmented and r
New Jersey Fines Data Center $1 Million Over Generators It Says Were Not Permitted
The New Jersey Department of Environmental Protection (DEP) announced that it is ordering a $1.07 million fine against the DataOne data center in Vineland for allegedly installing and operating 62 lar
Insurance moves: AXIS, Sedgwick, Lumos, InsurBanc, Arcadian and William Blair
They include a new CEO and a new managing director
Zurich’s Beazley acquisition wins U.K. court approval
The High Court of England and Wales on Tuesday approved Switzerland-based Zurich Insurance Group AG’s acquisition of British firm Beazley plc under a court-sanctioned arrangement, Investing.com report
CII: Insurance market still sending too much claims waste to landfill
Research finds sustainable claims practices are spreading, but cost, speed and awareness hold the market back
Munich Re Specialty continues Europe growth with Italy launch
Munich Re Specialty is to enter Italy’s primary specialty insurance market from early 2027, starting with construction and engineering, property and surety risks across SME, mid-market and upper mid-m
Employers face linked dependent care, Trump Account rules
A single IRS rulemaking governs both DCAP testing and Trump Account contributions. Most brokers are treating them as separate items
ACA cuts push more workers to employer health plans
Only 67% of workers at lower-wage firms are eligible
FBI hacked – sensitive agent data leaked
Hackers behind NAIC breach now claim FBI agents' data, including spy-hunting roles
Why experience and expertise matter more than price in an MGA
Renovation Underwriting’s Douglas Brown on why price alone shouldn’t decide which MGA a broker trusts with complex risk
Must love dog, or get dumped
A prospective partner might win over the family and still fail the sniff test.
How to build a foundation for growth
Head of transformation takes innovation to a new level
German auto protests draw nearly 180,000 workers
Nearly 180,000 German automotive workers protested nationwide on Monday, urging the government and management to protect jobs and factories amid growing Chinese competition, weak domestic demand and U
Cornell Capital Acquires Hancock Claims Consultants
Cornell Capital LLC has acquired Hancock Claims Consultants. Hancock Claims Consultants is a national provider of outsourced claims field services to residential property/casualty insurance carriers h
People Moves: Brown & Riding Adds Williamson to Casualty Practice
Brown & Riding has added Jarrod Williamson to its national casualty practice. With 14 years of experience, Williamson focuses on large, complex casualty risks, specializing in real estate, constru
Survey reveals 20% of UK firms fail to report cyberattack
One in five UK businesses has not reported a serious cyber incident, risking a breach of data protection laws, according to Databarracks. Under the UK GDPR and the Data Protection Act 2018, businesses
Insured flood losses estimated at $314 million
Toronto-based Catastrophe Indices and Quantification Inc. has issued its third industry loss estimate of 442 million Canadian dollars ($314 million) for the June 2026 flooding in Montreal’s West Islan
IUMI weighs bigger role in freight forwarding liability
The subline still lacks the aggregated premium and loss data marine cargo insurance has long had
Insured losses from Prairie storms hit $1.3B
Ten summer storms in Canada’s Prairies caused 1.8 billion Canadian dollars ($1.3 billion) in insurance claims payments, including CAD900 million in insured losses from the June 9 to 10 storms in Saska
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