During the upcoming renewals, S&P Global Ratings expects a moderate decline in pricing for short-tail lines but that global reinsurers will hold firm on terms and conditions. Risks arising from geopolitical tensions could affect both sides of global reinsurers’ balance …

Philippine and Chinese vessels collided Tuesday near a disputed South China Sea shoal, where Chinese coast guard ships fired water cannons as tensions escalate over the rivals’ long-running maritime dispute. The China Coast Guard accused Manila of illegally intruding into …

Kering SA, whose luxury brands include Gucci, Saint Laurent and Balenciaga, said Monday it was the victim of a data breach that was discovered in June, the latest in a string of attacks on the consumer goods sector. Hackers accessed …

Angela Ripley, owner and president of Maryland-based VW Brown Insurance Service, is the new chair of the Independent Insurance Agents & Brokers of America (the Big “I”). Ripley became the second woman to serve as chair at the organization’s Fall …

AmTrust Financial Services has a busy day on Sept. 15 as it expanded its excess & surplus division to include new lines, appointed leadership, and announced an agreement with Blackstone Credit & Insurance to spin off certain managing general agencies …

Australia will spend A$9 billion ($6 billion) on climate adaptation through 2030 as it braces for more frequent, severe and overlapping hazards caused by global warming, the government said in two climate-related reports on Monday. The money is earmarked for …

Pressure may be mounting on Florida’s Citizens Property Insurance Corp. to reduce its use of state-agency arbitration for claims disputes, following new class-action lawsuits, court rulings and national news reports suggesting the alternative dispute resolution avenue is proving to be …

California lawmakers passed a bill over the weekend that would allow the construction of thousands of new oil wells annually in the Golden State in a bid to make oil supply more affordable for refineries and keep fuel prices in …

California Insurance Commissioner Ricardo Lara is urging Gov. Gavin Newsom to sign several wildfire and health-related bills that have passed the Legislature and are now awaiting the governor’s approval. “They reflect our collective responsibility to help individuals, communities, and businesses …

Claims associated with functional restoration programs in California’s workers’ compensation system averaged $234,003 total, 59% higher than matched non-FRP claims, a new study shows. A study from the California Workers’ Compensation Institute out this week examines FRPs, multidisciplinary treatments aimed …

Skyward Specialty Insurance Group recruited Christopher Zitzmann as President of Inland Marine and Transactional Property. With more than two decades of experience in the property and inland marine markets, Zitzmann is known for his deep industry expertise, leadership and building …

World Insurance Associates announced today that Zach Posey has joined as its new leader of market relationships. Posey, who is based in Chicago, will engage with contingent capital providers to include insurers in developing unique solutions for clients, trading partners …