Daily news and analysis on insurance industry trends, regulations, and market insights
Latest national property crime data from the Insurance Council of Australia (ICA) shows that residents of the state of Victoria are bearing the brunt of a growing crime crisis, with the state recordin
Starbucks has been sued by consumers who said the coffee chain falsely advertised eight protein beverages as “sugar-free” because they contain lactose, a naturally occurring sugar in milk.
Specialty insurance broker Amwins has launched illumin Specialty, a managing general agency (MGA) offering primary general liability and excess liability insurance. The MGA will work exclusively with
Catastrophe claims could lose some 40% of deployable resources by 2027, says senior Sedgwick executive, just as insurers face a broader spread of severe events
The next Ferma Forum will be held in Milan in 2028. Ferma president Philippe Cotelle made than announcement during his closing speech at this year’s forum in Rotterdam. Gabriella Fraire, Ferma board m
Restricting exposure to shared technology providers could help preserve cover after a major loss
San Diego County has filed a lawsuit against mobile advertising technology company AppLovin Corp., alleging that it bypassed parental controls to serve ads for adult dating services, alcohol, vaping a
AmTrust Financial Services on Tuesday launched East Reinsurance Services, a treaty property reinsurance operation focused on U.S. property and specialty business. East Re will provide proportional tre
Blackstone-backed platform acquires the UK's dominant MGA ahead of regulatory changes due in April 2027
A Florida injury attorney known for suing insurance companies in medical malpractice, wrongful death and auto claims, has been suspended from practice after he was linked to a murder-for-hire plan. Fr
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Buckeye State Mu
The insurance industry is well positioned to help businesses prepare and respond to the polycrisis through an integrated approach to risk transfer, threat intelligence and crisis response services, ac
A 10th-grade girl and a motorist were killed Monday morning when a car hit a school bus full of high school students in central Florida, causing the bus to swerve and overturn. Polk County Sheriff Gra
A combination of the new EU Product Liability Directive (PLD) and Representative Actions Directive (RAD) will significantly impact the European liability market at a time of emerging AI risks and ongo
Allianz Insurance Singapore has promoted Ong Bi Ying to the role of CEO. Ong joined Allianz Insurance Singapore in 2019, and has held progressively senior roles, most recently serving as COO. “With he
Electrified cars took 58% of September's registrations as repair costs keep climbing
The D&O market for European firms is likely to stabilise in 2027 as exposures continue to rise, with increased regulation, insolvencies and emerging risks, Sompo International told Commercial Risk
The risk transfer industry is not keeping pace with the needs of its customers and is in a historic battle for relevance, according to Aon president and CEO Greg Case. He told the Ferma Forum that the
Indemni's coverholder launch ties driver verification to cover as fraud-led losses double
The company managing Dolly Parton’s estate alleges the late singer’s nephew, Bryan Seaver, used barbed wire and yellow caution tape to help keep a process server at bay, according to Rolling Stone. Th
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