The exponential growth of liability claims costs and social inflation in the United States, in part, is being driven by changing juror sentiment and shifts in societal norms, according to analysis from Swiss Re. “Liability claims costs in the United …

A federal judge in California on Thursday preliminarily approved a landmark $1.5 billion settlement of a copyright class action brought by a group of authors against artificial intelligence company Anthropic, according to the authors’ representatives. The proposed deal marks the …

ACORD announced that Chris Newman has been appointed chief executive officer of ACORD Solutions Group (ASG). Newman has led (re)insurance company operations across both the retail and specialty markets, including setting up operations in North America, Latin America, Asia and …

Donegal Insurance Group and ECM Insurance Group announced that ECM will acquire the renewal rights to Donegal’s entire book of farmowners insurance business in the states of Pennsylvania, Delaware, Virginia, Ohio and Indiana in 2026. The book represents approximately $8 …

Bracing himself against the current in waist-deep water, Clancy Loorham wrestles a broken length of PVC pipe from the rocky bottom of the French Broad River and peers inside. “I got a catfish in the pipe,” the 27-year-old with wispy …

A jury has awarded $205 million to the parents of a 6-year-old girl who fell to her death at a Colorado amusement park after she wasn’t strapped into a ride. The verdict was reached in Glenwood Springs, where Wongel Estifanos …

From cultivation to cash registers, cannabis-related claims can face special challenges. When asked about the biggest exposures in the cannabis industry, Beth Ossino, claims manager at Golden Bear Insurance Company, pointed to theft and robbery. During Insurance Journal’s annual Insuring …

This edition of International People Moves details appointments at Covéa Insurance and Ryan Re Underwriting Managers. A summary of these new hires follows here. Laurent to Succeed De Macedo as CEO of Covéa Insurance in UK Covéa Insurance, the UK …

Attorneys for the family of a man who died last week after riding a roller coaster at Universal Orlando Resort’s newest theme park said Monday that they believe he smacked his head on a restraint during downward thrusts and was …

Britain’s government is considering providing financial support for carmaker Jaguar Land Rover’s suppliers after a shutdown caused by a cyberattack was extended until October, a government source said on Thursday. The luxury carmaker owned by India’s Tata Motors has three …

Denmark’s Prime Minister Mette Frederiksen warned Danes to brace for more hybrid attacks, pointing to Russia as Europe’s main security threat, just before a suspected drone sighting disrupted air traffic in Denmark for the third time in a week. Authorities …

MSIG Holdings USA Names Sullivan Board Chair MSIG USA, headquartered in Warren, New Jersey, appointed Martin J. Sullivan, chairman by the board of MSIG Holdings (U.S.A.), Inc. With more than five decades of experience in insurance and financial services, Sullivan …

Despite increasing corporate efforts to hire from more diverse backgrounds, private school alumni remain dominant among the most powerful positions in British society, according to a sprawling new report on social mobility in the United Kingdom. New data from social …

Meta Platforms Inc. is set to face a charge sheet from the European Union for failing to adequately police illegal content, risking fines for violating the bloc’s content moderation rulebook. The European Commission is preparing to issue preliminary findings saying …

Amazon.com Inc. agreed to pay $2.5 billion in penalties and refunds and change its process for how to cancel its Prime subscription to settle a lawsuit by the US Federal Trade Commission. The company will pay $1 billion in civil …

Specialty Program Group LLC, an operator of specialty insurance distribution, underwriting, and consulting businesses, is consolidating its wholesale businesses under a single division called SPG Wholesale. Monarch E&S, Beacon Hill Associates, Specialty Wholesale Insurance Solutions (SWIS), Capitol Special Risk, and …

Another Florida-based insurance-related company has announced it is going public. Exzeo Group, a technology subsidiary of Tampa-based HCI Group, parent of Homeowners Choice Property & Casualty Insurance Co., filed an initial public offering registration on Thursday. That makes the third …

Heather Clark has juggled working full-time for an insurance agency and caring for her young daughter for the past five years. “When you have a kid at home, you can’t answer the phones, and you can’t have that personal interaction,” …

California-based ALKEME Insurance announced it has acquired Alliance Brokerage Corp., a Melville, New York-based property/casualty agency. The acquisition strengthens ALKEME’s presence on the East Coast and adds insurance and risk management expertise in both real estate and construction insurance. Alliance …

Tom Pratt, head of public policy and government affairs at property insurance MGA Delos Insurance Solutions, has been appointed to the legislative committee of the Surplus Line Association of California. Delos is headquartered in San Francisco, California. The Surplus Line …