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INSURANCE NEWS
Register: Risky Future AI Tools for Better Billing & Payments ‘Demo Day’ on March 25
Insurance Journal’s Risky Future series is hosting the “AI Tools for Better Billing & Payments for Insurance” Demo Day, a series of free AI tool demonstrations designed exclusively for insurance carriers, retail agencies, MGAs, as well as finance and operations …
Wildfires, Storms, Floods Account for Record 92% of Global Insured Losses: Swiss Re
Wildfires, severe convective storms and floods — also known as secondary perils — accounted for a record 92% of total global natural catastrophe insured losses of US$107 billion in 2025, according to Swiss Re Institute. Wildfires set a new loss …
Hawaii’s Worst Flooding in 20 Years Prompts Evacuations
Hawaii officials urged people in hard-hit areas to evacuate Saturday due to the state’s worst flooding in more than 20 years, after heavy rains fell on soil already saturated by downpours from a winter storm a week ago. Muddy floodwaters …
Relation Insurance Acquires Chinook Insurance Group in Washington
Relation Insurance Services acquired the assets of Chinook Insurance Group, LLC based in Seattle, Washington. Chinook Insurance Group focuses on commercial clients and brings specialized expertise in insurance services for the subsea and aquaculture industry. The company also has additional …
Nebraska Fires Burn Grazing Lands, Threaten Plans to Grow US Cattle Herd
Massive wildfires have burned vast swaths of grazing lands in Nebraska, endangering cattle producers’ plans for production increases that could help ease record-high U.S. beef prices. The loss of grasslands in the second-biggest cattle-producing state removes a feed source for …
Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance
When Thomas A. George and Tamika Hampton decided to defraud an auto insurer in 2019, they went big—claiming that George was so severely injured in a crash that he could no longer walk or talk, according to court documents. The …
P/C Industry Loss Reserves Redundant by More Than $20B: Assured Research
The year-end 2025 carried loss reserve position for the property/casualty insurance industry is more than $20 billion redundant, according to a loss reserve analysis published this week by Assured Research. In the report titled “P&C Loss Reserves at Year-End 2025: …
Trump Suit Against Capital One Dismissed But Can Be Refiled
The Trump Organization’s lawsuit accusing Capital One Financial Corp. of political discrimination and illegally closing its accounts in 2021 was tossed out by a judge, but he said the claims can be refiled if Trump’s company can fix its “deficient” …
Planned Parenthood of Illinois to Pay $500K to End DEI-Related Investigation
Planned Parenthood of Illinois (Planned Parenthood) violated federal law when they segregated employees by race, subjected white employees to harassment, and engaged in disparate treatment against white employees regarding terms, conditions, and privileges of employment, the U.S. Equal Employment Opportunity …
Frustrated Corpus Christi Residents Limit Water Use as Crisis Nears
Not too long ago, Tamala Alejandro said her backyard was lush with a vegetable garden. On the ground, she had watermelons, cantaloupes and potatoes. She loved her herb garden, and her prized possession was her beloved peach tree. But then, …
Chubb Outlines Structure of $20B Gulf Reinsurance Facility, Now Including Liability Cover
Chubb outlined the structure of the new $20 billion maritime reinsurance facility, created to provide marine war risk insurance for ships sailing through the Strait of Hormuz — which has been effectively closed to shipping since the start of the …
People Moves: MSIG USA Appoints Thompson as South Central Distribution Leader
MSIG USA announced the appointment of Matt Thompson as South-Central region distribution leader, responsible for leading MSIG USA’s growth strategy across Texas, Oklahoma, Mississippi, Louisiana, and Arkansas. Thompson will report to Joseph Fitzpatrick, head of distribution for MSIG USA. Thompson …
