Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs across California. According to Moody’s, the state’s already noticeable insurance pricing and availability challenges are likely to intensify, with negative …

Oklahoma Insurance Commissioner Glen Mulready announced new details regarding the launch of OKReady, the Strengthen Oklahoma Homes (SOH) program, that went into effect on November 1, 2024. Over the past several months, the Oklahoma Insurance Department (OID) has been working …

Anneren Family Holding Company, established to perpetuate the Ansay family’s legacy, has announced the appointment of Angela Sikowski as President and Nikki Kiss as Chief Operating Officer (COO). This transition marks a significant step in the company’s evolution, with a …

A top European insurance executive slammed a piece of regulation that has emerged as key driver behind a recent slate of asset management acquisitions by banks. The rule known as Danish Compromise gives the region’s lenders “an advantage” when buying …

Everest Group Ltd., the Bermuda-based property/casualty and specialty re/insurer, announced that its Board of Directors has appointed Jim Williamson as president and chief executive officer, effective immediately. Williamson was most recently Everest’s acting CEO, a position he assumed when Juan …

Storm Éowyn will bring a “weather bomb” to Ireland and the UK, unleashing destructive winds and heavy rain, the Met Office forecaster said. People across Ireland were told to stay home Friday, with schools closing as severe weather warnings come …

The governing committee of the Automobile Insurers Bureau of Massachusetts (AIB) appointed William H. Scully as president. Scully served as interim president succeeding Kim A. Barber who retired in April 2024. Scully has been with the AIB since August 2000 …

China is guiding local mutual funds and insurers to boost their stock purchases in the government’s latest initiative to shore up its ailing equity market as it confronts the threat of higher tariffs. Mutual funds should raise their holdings of …

Dutch insurance companies and other financial institutions that want to invest in the defense industry can expect guidance from the government, said Defense Minister Ruben Brekelmans. “What I’ve experienced so far with insurers like NN, but also with banks, is …

India widened backing for Russian insurers as the largest buyer of Moscow’s seaborne crude strives to keep discounted barrels flowing, after the US imposed fresh sanctions earlier this month. As well as extending approvals for some sanctioned providers, India’s Directorate …

While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion and $45 billion. Moody’s RMS, in …

After Hurricane Milton swept through parts of southwestern Florida in October, aerial drone images showed condominium buildings with large sections of their roof membranes peeled back like blankets on a beach, exposing the buildings to water intrusion. Builders and commercial …

Washington State Insurance Commissioner Patty Kuderer made six additions to her executive team. Kuderer was sworn in as the state’s ninth insurance commissioner on January 15. She replaces Washington Commissioner of Insurance Mike Kreidler, the nation’s longest serving insurance commissioner. …

A cannabis growing company has lost its bid to have its insurer cover $1.3 million in claimed business income losses after a building fire damaged almost 1,000 of its marijuana plants and shuttered one of its “flowering” rooms. A federal …

Toni Boucher threw up the first time she saw the charred remains of her home and neighborhood after this month’s deadly Los Angeles-area wildfires. Now she wonders if it’s worth it to go back to sift through the ashes and …

A man broke into a Philadelphia church and stole a 125-year-old bejeweled crown from atop a marble statue of the Virgin Mary, city police said earlu this week.. The burglary at St. John the Evangelist Roman Catholic Church occurred around …

Microsoft’s LinkedIn has been sued by Premium customers who said the business-focused social media platform disclosed their private messages to third parties without permission to train generative artificial intelligence models. According to a proposed class action filed on Tuesday night …

Specialty wholesaler Flow Specialty said its artificial intelligence model has passed the Registered Professional Liability Underwriter (RPLU) exams for cyber, errors & omissions, and executive liability modules. “For far too long, the middle market segment of specialty business has been …

Proposed legislation aimed at protecting South Dakota farmers from potential “agro-terrorism” activities could have a secondary effect of limiting access to some information about the state’s largest animal feeding operations. Senate Bill 14 seeks to strengthen a set of existing …

Highstreet Insurance Partners announced its acquisition of Siebert Agency Ltd, and its sister companies Russ Siebert Insurance and Mary Siebert Insurance Agency (collectively, “Siebert Insurance”). The terms of the transaction were not disclosed. Under the leadership of Bill Siebert, his …