Insurance

Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded five years earlier, AM Best said in a special report. According to the report, “China’s New Energy Vehicle Boom Transforms …

Broker McGill and Partners has launched a commercial property war risk reinsurance program for Ukraine, which it said on Thursday was the first of its kind since Russia’s invasion of the country in Feb 2022. Companies in Ukraine have found …

Canopius, headquartered in Chicago, appointed Laura Burke as U.S. head of cyber and technology. Burke assumes the role after serving as the company’s executive vice president, cyber and technology, since joining Canopius in 2020. Burke brings more than a decade …

There is a risk crisis affecting the insurance industry. Hurricanes Helene and Milton left a trail of tens of billions of dollars of destruction across the southeastern United States. These latest storms have shown that no region is safe from …

A residual property insurer and regulators in two Southeastern states are emphasizing roof integrity, more signs that mitigation and prevention are increasingly recognized as ways to reduce insured losses as storms escalate in frequency and severity. “The goal is to …

California businesses are suing to halt a new state law that bars them from requiring employees to attend anti-union meetings at work. The state’s Chamber of Commerce and California Restaurant Association filed the suit in federal court on New Year’s …

The last time a president was inaugurated, there was a global pandemic and a violent siege at the very spot at the U.S. Capitol where the ceremony takes place. This time, the event was part of an unprecedented string of …

Hub International Ltd. has acquired the assets of Woods Insurance Services Inc. in Farmington, New Mexico. Lyle Love, owner and president, and the Woods Insurance Services team, will join Hub Southwest. Woods Insurance Services will be referred to as Woods …

Juan C. Andrade is USAA’s new president and chief executive officer, said the insurance provider to millions of active military, veterans, and their families. Andrade will assume the role on April 2 and take over for Wayne Peacock, who announced …

Managing general underwriter Private Client Select Insurance Services, majority owned by Stone Point Capital and American International Group (AIG), said Ross Bowie has been appointed chief executive officer, effective immediately. Bowie joined Private Client Select in February 2024 as president …