Insurer and Risk - Insurance Industry Brief

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Property Insurance Coverage Law

MARCH 18, 2025

Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Policyholder

Policyholder Risk Property Insurance Insurance Companies

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Property Insurance Coverage Law

MARCH 18, 2025

Seeing firsthand the devastating aftermath and hearing the deeply emotional stories from these homeowners is heartbreakingbut whats even worse is witnessing how some insurance companies continue to compound their customers’ trauma … The post Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Policyholder

Policyholder Risk Property Insurance Insurance Companies

Ryan Specialty Completes Buy of Velocity Risk Underwriters

Insurance Journal

FEBRUARY 4, 2025

Specialty insurance provider Ryan Specialty reported it has completed the acquisition of Velocity Risk Underwriters, LLC from funds managed by Oaktree Capital Management, L.P. Based in Nashville, Tennessee, Velocity is a managing general underwriter (MGU) providing first-party insurance coverage for …

Underwriter

Underwriter Underwriting Risk Insurance

People Moves: Willis Promotes Easton to Global Head of ART and Head of Western Europe, Risk & Analytics; Arch Insurance UK Division Promotes 4 Senior Leaders

Insurance Journal

FEBRUARY 7, 2025

This edition of International People Moves details appointments at Willis and Arch Insurance UK. Willis Promotes Easton to Global Head of ART and Head of Western Europe, Risk & Analytics Willis, a … A summary of these new hires follows here.

Risk

Risk Insurance Insurer Insured

Take the Hassle Out of Claims Management

Advertiser: Trellis

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks.

Claim

UK’s Specialist Risk Group Acquires Specialist Schemes Broker, Brentacre Insurance

Insurance Journal

MARCH 4, 2025

Specialist Risk Group (SRG), the London-based insurance intermediary, announce the acquisition of Brentacre Insurance, a specialist broker with deep expertise in providing insurance for modified and performance vehicles, subject to regulatory approval. Financial details of the transaction were not disclosed.

Broker

Broker Risk Insurance Insurer

Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses: Allianz

Insurance Journal

APRIL 10, 2025

Soaring levels of civil unrest and political violence are a key concern for businesses of all sizes as well as their insurers, according to report published by Allianz Commercial. The impact of civil unrest or strikes, riots and civil commotion …

Risk

Risk Commercial Insurance Insured

Specialist Risk Group Acquires UK-Based Anthony James Insurance Brokers

Insurance Journal

AUGUST 20, 2024

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Anthony James Insurance Brokers, subject to regulatory approval. This latest acquisition further expands and strengthens SRG’s retail pillar, Specialist Risk …

Insurance Broker

Insurance Broker Broker Risk Insurance

King Risk Partners Acquires Connecticut’s Suzio Insurance

Insurance Journal

OCTOBER 30, 2024

Florida-based insurance broker King Risk Partners reports it has acquired Suzio Insurance Center, Inc., an independent insurance agency based in Meriden, Connecticut. Suzio Insurance Center was started in 1974 by the late Franklin Suzio and is currently headed by James …

Risk

Risk Insurance Broker Insurance Agency Broker

Specialist Risk Group Acquires Renewal Rights of London-Based Taxi Insurance Broker

Insurance Journal

AUGUST 30, 2024

Specialist Risk Group (SRG) announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since 1987. Financial details of the transaction were not disclosed. The acquisition strengthens …

Insurance Broker

Insurance Broker Broker Risk Insurance

Pennsylvania’s Enders Insurance Joins Unison Risk Advisors

Insurance Journal

OCTOBER 17, 2024

Unison Risk Advisors (URA) has acquired Enders Insurance, a family-run property/casualty insurance agency based in Harrisburg, Pennsylvania. Enders has more than 60 employees throughout its central Pennsylvania office locations including Lancaster, Reading and Middleburg. Currently led by Andrew Enders, the …

Risk

Risk Casualty Insurance Insurance Agency Insurance

Risk Strategies Acquires Felsen Insurance of New Jersey

Insurance Journal

NOVEMBER 13, 2024

North American specialty insurance brokerage Risk Strategies reports it has acquired Felsen Insurance Services, Inc., a New Jersey-based agency offering commercial and personal property/casualty insurance. Terms of the deal were not disclosed. Established in 1985, Felsen is based in Denville, …

Risk

Risk Personal Property Casualty Insurance Commercial

Peril Based Risk Scoring Is a Growing Trend

Property Insurance Coverage Law

MARCH 23, 2025

Every once in a while, a piece of nerdy insurance legislation catches my eye, not because it disrupts the industry overnight, but because it signals a trend about risk and how property insurance is going to operate. Colorados newly passed HB 25-1182 is a bill that may not make national headlines, but it should.

Risk

Risk Property Insurance Insurance Insurer

Private Equity Tie-Ups With Insurers Create Risks, BOE Says

Insurance Journal

DECEMBER 2, 2024

Private equity’s advance into the insurance sector exacerbates the risk of “fire sales” that disrupt the functioning of financial markets, the Bank of England warned. A growing number of PE firms in the US have acquired life insurers, while British …

Risk

Risk Life Insurance Insurance Insurer

Cyber Insurance Market to Expand as Risks Evolve: Gallagher

Insurance Journal

JANUARY 16, 2025

While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance …

Cyber

Cyber Risk Insurance Carrier Insurance

UK’s Extremely Dry Start to Year Raises Crop and Wildfire Risks

Insurance Journal

APRIL 24, 2025

The UK’s driest start to the year in four decades is threatening the country’s grain crops and increasing the risk of wildfires. Total precipitation of about 20.5 centimeters (8.1 inches) during the first quarter was the lowest since 1985, according …

Risk

Risk Insurer Insured Insurance

Risks Too Big for Insurers Just Fed a $200 Billion Market Boom in Captives

Insurance Journal

SEPTEMBER 3, 2024

As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive insurance, where companies create their own coverage vehicles, …

Risk

Risk Insurance Insurer Insured

China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers

Insurance Journal

FEBRUARY 10, 2025

China’s National Financial Regulatory Administration on Saturday issued guidelines for insurance groups to manage “concentration risks,” asking insurers to hold sufficient capital and liquidity buffers.

Insurance

Insurance Insurer Insured Risk

Risk Digitization Top Tech Priority for US Insurers

Insurance Journal

APRIL 3, 2025

Risk digitization was cited as the primary technology priority for revenue growth in a recent study from insurtech Cytora. Cytora surveyed 200 senior leaders from global insurance firms and found that 76% of respondents saw risk digitization (encompassing new business, …

Risk

Risk Insurance Insured Insurer

Risk Strategies Adds Blaisdell Insurance to Benefits Practice in New England

Insurance Journal

OCTOBER 23, 2024

National specialty insurance broker Risk Strategies reported it has acquired George W. Blaisdell Insurance, an employee benefits agency based in Hampton Falls, New Hampshire. The acquisition expands the Risk Strategies Employee Benefits Practice in its New England region. Terms of …

Risk

Risk Insurance Broker Broker Insurance

Risk Theory Launches New High Value Homeowners Insurance

Insurance Journal

DECEMBER 3, 2024

Dallas, TX, December 3, 2024 — Jupiter Risk Services, an affiliate of Risk Theory, is proud to launch its High Value Homeowners Insurance, a new insurance product designed specifically for single-family, high-value homeowner properties with coverage ranging from $800,000 to …

Risk

Risk Insurance Insurer Insured

Risk & Insurance Education Alliance and BrokerTech Ventures Launch New Insurtech Insurance Course

Insurance Journal

OCTOBER 14, 2024

October 15, 2024 – The Risk & Insurance Education Alliance, in collaboration with BrokerTech Ventures (BTV), is proud to introduce its latest educational initiative, the Introduction to Insurance for Insurtech Professionals module. Austin, TX., First announced in June 2024, the …

Risk

Risk Insurance Insurer Insured

Howden Said in Talks to Buy Insurance Broker Risk Strategies

Insurance Journal

JANUARY 31, 2025

Howden, one of the world’s largest closely held insurance brokers, is in talks to acquire Risk Strategies, according to people with knowledge of the matter. The talks to acquire Risk Strategies, which is ultimately backed by private equity firm Kelso …

Insurance Broker

Insurance Broker Broker Risk Insurance

Ryan Specialty Forms Contingency Unit, Joining Paradiso Risks and Alive Risk

Insurance Journal

DECEMBER 13, 2024

Ryan Specialty, Chicago-based specialty insurance services firm, announced that Paradiso Risks is joining Alive Risk, Ryan Specialty’s sports, leisure and entertainment managing general underwriter. London-based Paradiso became part of Ryan after its acquisition of Castel Underwriting Agencies in May 2024.

Risk

Risk Underwriter Underwriting Insurance

Western States Top Wildfire Risk Scores in New Analysis

Insurance Journal

SEPTEMBER 2, 2024

California, Oregon, Colorado, Washington and Arizona are the states most at risk for wildfires, earning an “F” rating, according to a new analysis by Guidewire detailing wildfire risk in the U.S. at local, state, and national levels. Guidewire’s HazardHub data …

Risk

Risk Property Insurance Insurance Insurer

Viewpoint: CrowdStrike Failure Highlights Potential Aggregation Risks for Reinsurers

Insurance Journal

SEPTEMBER 9, 2024

The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years. The recent CrowdStrike software failure underscored the dormant threats posed by aggregation risk, and the …

Risk

Risk Cyber Premium Insurance

Risk Strategies Acquires Michigan’s Comprehensive Benefits, Gabrielson Insurance

Insurance Journal

JANUARY 30, 2025

Risk Strategies announced the acquisition of Comprehensive Benefits, Inc. and Gabrielson Insurance & Financial Services, both located in the Greater Detroit area. The joint acquisition preserves an established working relationship between the two partner companies, providing increased capabilities for the …

Risk

Risk Insurance Insured Insurer

Novatae Risk Buys Up Ajax Specialty Insurance in Atlanta

Insurance Journal

APRIL 11, 2025

Dallas-based Novatae Risk Management, part of World Insurance Associates, has purchased Ajax Specialty Insurance, a wholesaler based in Atlanta. Andy Bierbaum is the owner of Ajax. He founded the company in 2012 and in 2018 brought in co-owner and partner …

Risk

Risk Insurance Insurer Insured

King Risk Acquires Talbert Insurance Services Agency in North Georgia

Insurance Journal

DECEMBER 18, 2024

King Risk Partners, one of the largest U.S. insurance brokers, has acquired Talbert Insurance Services in Duluth, Georgia, expanding King’s presence in the Southeast. Talbert, in business in north Georgia since 1982, offers personal and commercial insurance. Larry Talbert II …

Risk

Risk Commercial Insurance Insurance Broker Commercial

Clashing Risk Predictions Cast Doubt on Black Box Climate Models

Insurance Journal

AUGUST 11, 2024

These tools can allow owners and investors to better anticipate risks of flooding, wind, wildfire and other disasters. Insurers have been among the adopters of climate-risk models, in a sign … Many companies offer detailed climate projections tailored to property-level precision.

Risk

Risk Insurance Insured Insurer

Wildfire Risk Upends California’s Cannabis Heartland as Insurance Vanishes

Insurance Journal

SEPTEMBER 18, 2024

Hannah Whyte is one of thousands of Californians who have struggled to insure their property in the event of wildfire. Her 77-acre farm nestled deep in a wildfire-vulnerable forest lost its coverage from State Farm after the mountainous region burned …

Risk

Risk Insurance Insured Insurer

Risk Strategies Acquires Ohio’s Cornerstone

Insurance Journal

NOVEMBER 21, 2024

Risk Strategies announced it has acquired the assets of Ohio-based employee benefits specialty organization Cornerstone Broker Insurance Services Agency, Inc., an Ohio-based national provider of employee benefits solutions. The sale also included the assets of ARC Benefit Solutions, which provides …

Risk

Risk Broker Insurance Insured

Mistakes in setting sums insured / declared value where the Insured elects an Indemnity Period of less than 12 months.

Prof. Allan Manning

FEBRUARY 10, 2025

I recall the very first business interruption claim I did was for a risk in Toowoomba and to my horror found that the Insured had only declared 3 months insurable gross profit with a 3-month Indemnity Period. Where a client, sought to insure for less than 12 months they would offer a discount on the premium rate.

Business Interruption

Business Interruption Claim Insurance Insurer

New York Updates Financial Services Cybersecurity Regulation to Address AI Risks

Insurance Journal

OCTOBER 17, 2024

The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 firms including insurers it regulates in addressing cybersecurity risks arising from artificial intelligence (AI). In a letter to letter companies, DFS Superintendent …

Risk

Risk Insurance Insured Insurer

The Wartime Risk Insurers Making Fortunes Keeping Trade Moving

Insurance Journal

JANUARY 6, 2025

Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of dollars in commodity trade moving through some of the world’s most dangerous waters. As conflicts rage in the Middle East …

Risk

Risk Building Insurance Insured

New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown

Insurance Journal

SEPTEMBER 4, 2024

In an unassuming white and blue office building in Freeport, a few miles into Nassau County, sits the headquarters of American Transit Insurance Co. The 52-year-old, family-owned firm is hardly a household name, but it’s vital to how New Yorkers …

Risk

Risk Building Insurance Insured

King Risk Partners Acquires Kerr Agency in Connecticut

Insurance Journal

FEBRUARY 19, 2025

Florida-based insurance broker King Risk Partners announced its acquisition of the Kerr Agency Inc., an independent insurance agency located in Simsbury, Connecticut. This strategic acquisition furthers King Risk Partners’ expansion across the Northeast. Kerr is King’s fifth agency in Connecticut.

Risk

Risk Insurance Broker Insurance Agency Broker

BIMCO adopts reviews of war risk clauses

Splash: Finance and Insurance

APRIL 9, 2025

The documentary committee of BIMCO has approved revisions to its war risk clauses for voyage and time charters to reflect changes in the geopolitical challenges facing the shipping industry.

Risk

Risk Premium Insurance Insured

Unison Risk Advisors Adds Avondale as First to Join Its Non-Retail Division

Insurance Journal

OCTOBER 22, 2024

Unison Risk Advisors (URA) reports that Avondale Insurance Associates has joined the firm and is the first company to join URA’s non-retail division. Established in 2006, Avondale Insurance Associates is an excess and surplus lines underwriting management company across all …

Risk

Risk Underwriter Underwriting Insurance

Specialist Risk Group Acquires UK-Based MGA NW Re

Insurance Journal

NOVEMBER 5, 2024

Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition of specialist reinsurance firm NW Re. Financial details of the deal were not disclosed. SRG said the acquisition reinforces its …

Risk

Risk Broker-Agent Insurance Insured

Specialist Risk Group Acquires Bloodstock and Livestock Specialist Broker Stonehatch

Insurance Journal

OCTOBER 30, 2024

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Stonehatch, a leading specialist bloodstock and livestock insurance broker. Financial details of the transaction were not disclosed. Founded in 2014 by Chris Williamson, London-headquartered Stonehatch has built a …

Broker

Broker Risk Insurance Broker Broker-Agent

Specialist Risk Group Acquires UK Claims Specialist One Claim Ltd.

Insurance Journal

NOVEMBER 12, 2024

Specialist Risk Group (SRG), the London-based specialist insurance intermediary, announced the acquisition of One Claim Ltd. Based in Essex, England, One Claim provides broker partners and their clients with claims management support from initial notification through to settlement. The One …

Claim

Claim Risk Broker Broker-Agent

80% of Residents Say New York City Is Unprepared for Climate Risks

Insurance Journal

OCTOBER 23, 2024

A recent survey reveals that a 80% of New York City residents feel their city is unprepared for climate-related risks. The survey, conducted as part of new Economist Impact research supported by global multiline insurer Zurich Insurance Group, highlights significant …

Risk

Risk Insurance Insurer Insured

Best Agency to Work For – East Gold Winner: Mackoul Risk Solutions

Insurance Journal

NOVEMBER 25, 2024

At Mackoul Risk Solutions, ‘Employees Come First’ Instead of becoming a major league umpire, Ed Mackoul chose to help his father build an insurance empire. Ed wasn’t sure how his life would turn out before joining Mackoul & Associates in …

Risk

Risk Building Insurance Insured

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Why Are California Insurers Putting Their Policyholder Customers at Risk For Their Health?

Trending Sources

Ryan Specialty Completes Buy of Velocity Risk Underwriters

People Moves: Willis Promotes Easton to Global Head of ART and Head of Western Europe, Risk & Analytics; Arch Insurance UK Division Promotes 4 Senior Leaders

Take the Hassle Out of Claims Management

UK’s Specialist Risk Group Acquires Specialist Schemes Broker, Brentacre Insurance

Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses: Allianz

Specialist Risk Group Acquires UK-Based Anthony James Insurance Brokers

King Risk Partners Acquires Connecticut’s Suzio Insurance

Specialist Risk Group Acquires Renewal Rights of London-Based Taxi Insurance Broker

Pennsylvania’s Enders Insurance Joins Unison Risk Advisors

Risk Strategies Acquires Felsen Insurance of New Jersey

Peril Based Risk Scoring Is a Growing Trend

Private Equity Tie-Ups With Insurers Create Risks, BOE Says

Cyber Insurance Market to Expand as Risks Evolve: Gallagher

UK’s Extremely Dry Start to Year Raises Crop and Wildfire Risks

Risks Too Big for Insurers Just Fed a $200 Billion Market Boom in Captives

China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers

Risk Digitization Top Tech Priority for US Insurers

Risk Strategies Adds Blaisdell Insurance to Benefits Practice in New England

Risk Theory Launches New High Value Homeowners Insurance

Risk & Insurance Education Alliance and BrokerTech Ventures Launch New Insurtech Insurance Course

Howden Said in Talks to Buy Insurance Broker Risk Strategies

Ryan Specialty Forms Contingency Unit, Joining Paradiso Risks and Alive Risk

Western States Top Wildfire Risk Scores in New Analysis

Viewpoint: CrowdStrike Failure Highlights Potential Aggregation Risks for Reinsurers

Risk Strategies Acquires Michigan’s Comprehensive Benefits, Gabrielson Insurance

Novatae Risk Buys Up Ajax Specialty Insurance in Atlanta

King Risk Acquires Talbert Insurance Services Agency in North Georgia

Clashing Risk Predictions Cast Doubt on Black Box Climate Models

Wildfire Risk Upends California’s Cannabis Heartland as Insurance Vanishes

Risk Strategies Acquires Ohio’s Cornerstone

Mistakes in setting sums insured / declared value where the Insured elects an Indemnity Period of less than 12 months.

New York Updates Financial Services Cybersecurity Regulation to Address AI Risks

The Wartime Risk Insurers Making Fortunes Keeping Trade Moving

New York City’s Biggest Taxi Insurer Is Insolvent, Risking Transit Meltdown

King Risk Partners Acquires Kerr Agency in Connecticut

BIMCO adopts reviews of war risk clauses

Unison Risk Advisors Adds Avondale as First to Join Its Non-Retail Division

Specialist Risk Group Acquires UK-Based MGA NW Re

Specialist Risk Group Acquires Bloodstock and Livestock Specialist Broker Stonehatch

Specialist Risk Group Acquires UK Claims Specialist One Claim Ltd.

80% of Residents Say New York City Is Unprepared for Climate Risks

Best Agency to Work For – East Gold Winner: Mackoul Risk Solutions

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