INSURANCE NEWS
Houston Homeowners Win Hurricane Harvey Appeal Against Feds
A federal appeals court has ruled that the government is liable for damage to homes that flooded upstream of the Addicks and Barker dams after Hurricane Harvey unleashed more than 50 inches of rainfall on the Houston region in 2017. …
Zurich and Players Health Form Injury Insurance for NIL era of College Sports
Zurich North America and Players Health, a provider of athlete safety and insurance solutions, have teamed up to introduce a Critical Injury Protection Insurance solution for colleges, universities, collectives and their student athletes who receive name, image and likeness (NIL) …
People Moves: Westfield Specialty Taps Sompo’s Röskau for New Company Market Unit
Westfield Specialty announced the appointment of Cornelia Röskau as chief executive officer of the newly formed Europe company market, Westfield Specialty Europe, which will begin underwriting business in April, subject to regulatory approval. She will be based in Luxembourg and …
Morningstar: A Year Later, LA Wildfires Were ‘Significant Stress Event’ for Insurance Sector
In a report one year on from the Los Angeles area wildfires in 2025, which started on Jan. 7, Morningstar DBS Research issued a perspective that called the fires “a significant stress event” for California’s property/casualty insurance sector. The industry …
Xceedance Acquires Illinois-Based Marble Box
Xceedance, a global provider of technology-driven business solutions for the insurance industry, today announced its acquisition of Marble Box, a company delivering tailored operational support and process optimization solutions to independent insurance agencies and brokers. This acquisition marks Xceedance’s entry …
Millions at Risk of Los Angeles-Style Wildfires in Australia
Millions of people living on the expanding outskirts of Australia’s major cities face an increasing risk of urban wildfires similar to the deadly blazes in Los Angeles last year. Suburbs on the fringes of centers including Sydney, Melbourne and Perth …
AIG CEO Zaffino to Transition to Executive Chair, Replaced by Aon’s Andersen
American International Group said on Tuesday CEO Peter Zaffino will step down by mid-year and move into the role of executive chair of the board. It named insurance industry veteran Eric Andersen as its new president and CEO-elect to replace …
German Insurers Report Below-Average Natural Disaster Claims in 2025
Heavy rain, flooding, storms and hail – also known as severe convective storms (SCS) – brought below-average claims for German insurers in 2025, defying the long-term trend for such perils, given the impact of climate change, according to the German …
UK Investment Group Kelso Buys Stake in Travel and Insurance Firm Saga
Investment firm Kelso Group Holdings said on Tuesday it had bought 400,000 shares in British travel company firm and submitted proposals to its board aimed at boosting value, including attracting more U.S. investors. Kelso’s investment, worth 1.55 million pounds ($2.1 …
Europe Backs Greenland After Trump Resumes Takeover Threats
European officials pledged to support Greenland after US President Donald Trump restarted his campaign to take the self-governed island in the wake of his strike on Venezuela. Across the continent, Europe’s biggest powers expressed solidarity with Greenland, a semi-autonomous territory …
UK’s Admiral Group Completes Sale of US Motor Business to PE Firm J.C. Flowers
UK insurer Admiral Group plc announced it has completed the sale of its U.S. motor insurance business – including Elephant Insurance Co. and Elephant Insurance Services – to J.C. Flowers & Co., the private equity firm, effective from December 31, …
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says
As the artificial intelligence trade continues to push the stock market to new highs, investors are increasingly asking if we’re living through another financial bubble that’s destined to burst. The answer isn’t so simple, at least according to history. The …