People Moves: Delos Insurance Promotes, Hires Leadership Team Members
Delos Insurance Solutions made several promotions and appointments within its leadership team Co-founder Shanna McIntyre will move from chief data officer to become chief strategy officer, and Andrew Notohamiprodjo was promoted from head of data to chief data officer. Valencia …
Former California Insurance Agent Arraigned on Grand Theft And Embezzlement Charges
A former insurance agent has been charged with pocketing more than $100,000 of premiums. Andre De Gazon, 56, of Bellflower, was arraigned this week in Orange County Superior Court on multiple felony counts of grand theft and embezzlement after allegedly …
Canada’s Desjardins Scouts for Hires and Deals to Expand Wealth, Capital Markets
Quebec’s Desjardins Group wants to expand further in the rest of Canada, its top executive said, an ambition that means it needs to make deals and add staff in wealth management and capital markets. The financial co-operative is flush: it …
Marsh Awarded Injunction Against Former Employees Now With Howden US
A federal judge this week granted Marsh its request to prohibit a group of employees who left for Howden US from using its confidential information, soliciting other former employees, and trying to acquire current and prospective Marsh clients. An opinion …
NC State Workers Should Seek Comp Benefits, Not Constitutional Claims, Court Told
College workers stricken with cancer should seek remedy through the workers’ compensation system, and injured students can bring negligence lawsuits, not claims that their constitutional rights have been violated, attorneys for North Carolina State University said in asking a court …
AI Lost Out to Traditional Models in Forecasting NYC’s Blizzard
Two days before New York’s biggest snowstorm in a decade began, forecasters were still unsure how much snow would fall. One traditional US model had consistently predicted a major hit, while newer artificial intelligence systems weren’t so certain. The long-running …
Munich Re Plans to Return €5.3 Billion to Investors
German reinsurer Munich Re announced plans to return €5.3 billion ($6.3 billion) to shareholders through a new buyback program and a higher dividend. The firm aims to repurchase as much as €2.25 billion of its stock, according to a statement …
Markets/Coverages: Liberty Mutual, Floodbase Partner on Parametric Flood
Floodbase and Liberty Mutual announced the launch of an instant quoting application for parametric flood insurance in the U.S., allowing wholesale and retail brokers to price parametric flood covers in minutes Designed specifically for the U.S. market, Liberty’s pricing engine …
Blizzard Caused Up to $38 Billion in Estimated Damage, Economic Loss: AccuWeather
The winter storm that brought several feet of snow and blizzard conditions to parts of the Northeast this week resulted in $34 billion to $38 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. More …
Sompo Holdings Completes Acquisition of Aspen, Taking it Private
A wholly owned subsidiary of Sompo International Holdings Ltd. (SIH) has finalized its $3.5 billion acquisition of Aspen Insurance Holdings Ltd., taking the insurer private. Under the terms of the deal, which was first announced in August 2025, 100% of …
California Seeks Injunction to Stop Amazon’s Alleged Stifling of Price Competition
California asked a state judge on Tuesday to stop Amazon.com from inflating prices for consumers through an alleged campaign to bully merchants not to sell goods more cheaply elsewhere. The state’s attorney general, Rob Bonta, sought a preliminary injunction in …
Mexico’s Cartel Violence Could Hit Economy and Insurance Segment: AM Best
Ongoing violence from criminal groups in Mexico, which disrupted travel and attacked businesses in Puerto Vallarta during the weekend, could create headwinds for a country where tourism represents approximately 10% of the economy, AM Best said in a commentary. Violence …
People Moves: Rodriguez To Lead EPIC National Real Estate; AXA XL Names Carnazza Head of Construction Property, Americas; Wischmeyer Joins Marsh’s Digital Infrastructure Practice
EPIC Names Rodriguez National Real Estate Program Development Leader EPIC Insurance Brokers & Consultants, headquartered in San Francisco, California, appointed Miranda Rodriguez to the newly created role of program development leader within its national real estate practice. Rodriguez will focus …
Premium Slowdown, Inflation Factors to Lead to Higher P/C Combined Ratio: AM Best
Success for the property/casualty industry in 2025 was marked by rate increases and investment income, but plateauing or softening rates in many lines of business in 2026 may pressure financial results in 2026, said AM Best. In a new report, …
Waymo to Debut in Biggest Texas Cities After New York Setback
Alphabet Inc.’s Waymo will start offering commercial robotaxi service in the three biggest cities in Texas, pushing ahead with its aggressive expansion plan after a recent setback in New York. The rollout of rides with no safety driver will begin …
Mississippi Hospital System Closes All Clinics After Ransomware Attack
A ransomware attack forced the University of Mississippi Medical Center to close all of its roughly three dozen clinics around the state and cancel elective procedures for a second day on Friday, hobbling one of the state’s largest health care …
Mexico Visitors Shaken as Cartel Death Fuels Travel Chaos
Despite assurances from President Claudia Sheinbaum and her security minister Monday that Mexico was returning to normal after a weekend of cartel violence, many vacationers to Puerto Vallarta and other cities still faced canceled flights and shelter-in-place warnings. The travel …
NC House Fire That Killed Hamlin’s Father Ruled Accidental But Cause Unknown
The North Carolina house fire that killed NASCAR driver Denny Hamlin’s father and injured his mother has been ruled accidental but it’s still unclear what started it. A report released by Gaston County Emergency Management & Fire Services said the …
UK Sanctions New Zealand Insurer Maritime Mutual After Reuters Report
Britain on Tuesday sanctioned Maritime Mutual, the New Zealand-based marine insurer that was the subject of a Reuters special report into how it had helped in the trade of tens of billions of dollars of Iranian and Russian oil. “(Maritime …
Over 2,000 Flights Canceled, 380,000 Homes Without Power as Storm Effects Continue
U.S. airlines canceled over 2,000 flights on Tuesday, far fewer than a day earlier, as a powerful winter storm that disrupted airports across the Northeast was expected to ease by evening, with strong winds expected to continue into the early …
Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Suscribirse a Fuente de noticias Insurance Journal