Browsing: Business Insurance

Louisiana introduces sweeping captive insurance reform through the CHOICES Law, creating a more competitive and business-friendly environment for captive insurance companies.

ICW Group Insurance Companies has launched ICW Specialty, a new Excess and Surplus (E&S) business unit under VerTerra Insurance, expanding its product strategy and entering new market segments.

Insurance giant Aflac reports a cyberattack by group Scattered Spider, potentially exposing Social Security numbers and health information of customers.

Aflac Incorporated detected suspicious activity on its network and promptly responded to the cyber incident

New legislation requires insurers to redraw territory maps for auto insurance pricing, aiming to eliminate unfair and outdated practices

Insurance premiums for vessels navigating the Strait of Hormuz have surged by over 60% due to escalating tensions between Israel and Iran

Recent mergers and acquisitions in the insurance industry highlight significant moves by major players. Howden acquires Chilean retail insurance broker Ureta & Fernandez Corredores de Seguros Limitada while United Risk purchases Australian facultative reinsurance MGA Pinnacle Underwriting.

The London P&I Club has reported a solid financial performance for 2024/25, with an operating surplus of US$21.3 million and free reserves boosted to US$171.2 million.

Global law firm Kennedys appoints Tracy Watkinson as its first chief operating officer, marking a significant step in the firm’s efforts to scale its operations and leadership capabilities in line with its international growth strategy.

RetailFirst Insurance Group’s insurers receive positive outlook from AM Best due to sustained improvement in operating performance