INSURANCE NEWS
September Marks Rare Absence of Hurricane Landfalls in US
September turned out to be a slumber for hurricane watchers. For the first time in a decade, the month of September produced no hurricane landfalls in the United States. Seven of the previous eight years this occurred, no hurricane made …
People Moves: AXA XL Reinsurance Appoints Kopf From Swiss Re as Senior Underwriter Aviation; Aon Promotes Polanco as Iberia Reinsurance Leader
This edition of International People Moves details appointments at AXA XL Reinsurance and Aon. A summary of these new hires follows here. AXA XL Reinsurance Appoints Kopf From Swiss Re as Senior Underwriter Aviation AXA XL Reinsurance announced that Jennifer …
Missouri Insurance Agent Charged With Fraud
Missouri Attorney General Catherine Hanaway announced today that her Office has filed felony charges against a St. Peters insurance agent following an investigation into deceptive practices. Pamela Walsh faces nine counts of Deceptive Business Practices, a Class E felony under …
World Acquires Indiana’s ACB
World Insurance Associates LLC announced that it acquired the business of ACB Insurance Inc. (“ACB”) of Indianapolis, Indiana on June 1, 2025. Terms of the transaction were not disclosed. ACB provides insurance to individuals, families and businesses. The agency is …
Florida Painting Firm Fined $877,000 After Worker’s Fatal Fall From Savannah Bridge
The U.S. Occupational Safety and Health Administration has fined a Florida commercial painting contractor $877,000 – one of the largest OSHA fines in recent years – six months after a worker fell from a bridge near Savannah, Georgia. Seminole Equipment …
Cyber Tops List of Business Risks With Geopolitical Volatility Surging Into Top 10: Aon
Geopolitical volatility has surged into a top 10 business risk with cyber risk remaining the number one concern globally, followed by business interruption at number two, according to Aon’s 2025 Global Risk Management Survey, which has tracked the most pressing …
AM Best Affirms Performance Assessment of MGA First Indemnity
AM Best has affirmed its Performance Assessment of PA-3 (Strong) of First Indemnity Insurance Agency, Inc. of Boston. AM Best said the outlook of the assessment is stable. The ratings firm said its PA-3 assessment of the Massachusetts-based managing general …
US Government Shutdown Curtails Key Weather and Climate Programs
The closure of the federal government will curtail or halt some US climate disaster preparedness and environmental programs — and even potentially delay real estate transactions within the nation’s flood zones. That’s because the major source of flood insurance for …
New Chapter: Jensen Named CEO of Georgia-Based Southern Trust Insurance
Southern Trust Insurance, a 57-year-old boutique property-casualty insurer with headquarters in Macon, Georgia, has appointed Douglas Jensen president and chief executive officer. Jensen, with more than 30 years in insurance industry leadership roles, will oversee all company operations, including growth …
Connecticut Family Is First to Sue Over Washington Plane Crash That Killed 67
The Connecticut family of one of the 67 people killed when an airliner collided with an Army helicopter over Washington, D.C., sued the government and the airlines involved last week, saying they didn’t recognize the warning signs after more than …
India Native Truck Driver in Fatal Florida Crash Pleads Not Guilty
A commercial truck driver accused of making an illegal U-turn that killed three people on a Florida highway last month waived his first appearance hearing Monday and entered a not guilty plea, court records show. Harjinder Singh, a 28-year-old native …
Deadliest Philippine Quake in 12 Years Kills 69, Rescue Underway
At least 69 people were killed and more than 100 injured after a 6.9 magnitude earthquake struck central Philippines Tuesday night, flattening buildings, as officials hastened search and rescue efforts. Most of the deaths happened as people were crushed in …