INSURANCE NEWS
Enterprise Risk Associates Buys up Florida-Based Insurance Solutions of America
Enterprise Risk Associates, the New York-based insurance brokerage that has focused on expansion through agency acquisitions, said it has acquired Insurance Solutions of America, headquartered in Oviedo, Florida. ISOA was founded in 2007 by Scott Lugering and Amber LaSota. It …
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success
The U.S. property/casualty industry posted its best underwriting profit and combined ratio in a decade in 2025, building upon the $1 trillion of total direct premiums written logged the prior year for the first time. According to a new report …
Chemical Tanker Stolt Magnesium Hit by Explosion off Omani Coast, Manager Says
The chemical tanker Stolt Magnesium caught fire on Tuesday following the “explosion of an unidentified external device” as it was sailing in the Arabian Sea off the coast of Oman, according to its manager Stolt Tankers, the main unit of …
RockRose Risk Launches Mitigation-First Insurance Model for California Homeowners
RockRose Risk launched a “human-in-the-loop” assessments product to provide the algorithms need to price risk accurately in California. RockRose Risk, an insurance brokerage that offers property owners discounts for wildfire mitigation, launched its homeowners insurance product in California, which follows …
UAE Oil Tankers Attacked While Sailing Dark Through Hormuz
Two United Arab Emirates-linked supertankers came under attack while sailing “dark” through the Strait of Hormuz, threatening one of the main methods of getting non-Iranian crude to the global market during the war. A seafarer died and several were injured, …
Iran and US launch New Missile Attacks, Battle Over Control of Strait of Hormuz
Iran fired ballistic missiles at a U.S. air base in Jordan on Tuesday and the United States attacked Iranian targets for five hours in a battle for control of the Strait of Hormuz that has pushed up oil prices to …
People Moves: Clifford Takes On Expanded Role for NFP’s Construction Unit
NFP’s Clifford Named U.S. Brokerage and Account Management Leader Tom Clifford assumed an expanded leadership role as leader of U.S. brokerage and account management in the construction and infrastructure (C&I) group at NFP, an Aon company. Based in New York, …
Canada Regulator Warns Banks About Cyber Risks of Anthropic’s Claude Mythos
Canada’s federal banking regulator warned the country’s largest financial institutions about the risks of Anthropic’s Claude Mythos and other advanced AI models, saying the new technology could increase cyber threats and reduce the time institutions have to identify and fix …
KKR Joins US Consortium to Buy Australian Broker Steadfast in $5.3 Billion Deal
Australia’s Steadfast said on Tuesday that the global investment firm KKR has joined the consortium of Amwins Group and Dragoneer Investment in their A$7.7 billion ($5.33 billion) proposal to buy out the insurance broker. Here are some more details: KKR …
People Moves: The Baldwin Group Hires Pierce as West Regional President for Insurance Advisory Solutions
The Baldwin Group announced the appointment of Phil Pierce as west regional president for its Insurance Advisory Solutions (IAS) segment. This appointment further underscores the firm’s sustained growth as well as the evolving scale of its IAS business. In this …
FDA Urges Infant-Formula Makers to Tighten Supplier Oversight After Product Recalls
The U.S. FDA on July 13 urged the infant-formula industry and supply-chain partners to exercise substantive oversight of their suppliers following multiple product recalls and recent botulism cases – the first outbreaks in the country linked to baby formula in …
Florida Property Tax Cut Plan Relies on Population Boom That Has Slowed Dramatically
From 2020 to 2024, Florida’s population grew by 8.5%, from 21.6 million to 23.4 million. This is nothing new: The state’s warm weather, amenities that include world-class golf courses and beaches, and lack of income tax have long attracted newcomers, …