Industry Trades Throw Support Behind Bill to Affirm State Regulation of Insurance July 29, 2025 By Chad Hemenway The National Association of Mutual Insurance Companies (NAMIC) is supporting a bill first introduced more than 18 months ago to...
Michigan Manufacturer Sued for Sexual Harassment July 29, 2025 East Jordan Plastics, Inc., a manufacturer of plastic horticultural containers, violated federal law when it subjected female production employees to...
AM Best Upgrades Credit Rating of Texas’ New Horizon July 29, 2025 AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating...
Marsh Japan Agrees to Acquire Mitsubishi Electric’s Insurance Agency July 29, 2025 Marsh Japan has agreed to purchase Mitsubishi Electric Corp.’s in-house insurance agency, Mitsubishi Electric Insurance Service Co. Ltd., in a...
World Acquires Louisiana’s Lighthouse Insurance Agency July 29, 2025 World Insurance Associates LLC announced that it acquired the business of Lighthouse Insurance Agency of Madisonville, Louisiana on March 1,...
People Moves: Guy Carpenter Taps RenRe’s Flynn as Head of Global Clients, Global Specialties; Tokio Marine HCC International Names Bridges as Chief Claims Officer July 29, 2025 This edition of International People Moves details London-based appointments at the reinsurance broker Guy Carpenter and the insurer Tokio Marine...
People Moves: DOXA Expands Brokerage Vertical Naming Curry EVP July 29, 2025 DOXA, headquartered in Fort Wayne, Indiana, hired Sean Curry as executive vice president of its brokerage vertical. Curry guides DOXA’s...
Traffic Fatalities Dip 6.3% in First Quarter 2025 July 29, 2025 The number of people killed in U.S road crashes was down 6.3% in the first three months of 2025, according...
Top 5 Auto Insurers File for Average 6% Rate Reduction This Year, Florida OIR Says July 29, 2025 Florida may have had some of the highest property and auto insurance rates in the country in recent years, but...
H1 Natural Disasters Had Insured Price Tag of $80B – Driven by US Claims: Munich Re July 29, 2025 By L.S. Howard Natural disasters across the globe cost insurers US$80 billion during the first half of 2025, up from $64 billion in...