Patricia Wells

CoreLogic, a well-known property data provider, has announced a significant change: it is rebranding itself as Cotality. This new identity comes with a fresh logo and a new tagline, “Intelligence beyond bounds.” Patrick Dodd, the president and CEO of Cotality, shared his thoughts on the rebrand, emphasizing the importance of the property ecosystem for individuals, … Read more

Cybersecurity risks from third-party vendors are causing significant problems for businesses, according to new findings from Resilience, a cyber solutions company based in San Francisco. In 2024, 31% of the claims they handled were linked to third-party risks, which include issues like ransomware attacks and outages affecting vendors. Vishaal "V8" Hariprasad, the co-founder and CEO … Read more

Recreational boating is a popular activity in the United States, with nearly 12 million registered vessels. Florida leads the way as the state with the most boats. Alongside these motorized vessels, millions of people also enjoy kayaking, canoeing, and sailing, with 18.6 million kayakers and 9.6 million canoers reported. While boating can be a fun … Read more

Bird flu has been found in a sheep in northern England, marking the first known case of this kind globally. The British government announced this development, raising concerns about the spread of the disease among mammals and the potential for a pandemic. The H5N1 bird flu virus has already caused deaths in various mammals worldwide, … Read more

AM Best has made a significant update regarding Westfield Insurance Company and its affiliates, now giving them a stable outlook for their Long-Term Issuer Credit Ratings. This change comes after a period of negative outlook and reflects improvements in the company’s financial health. Westfield, which is based in Westfield Center, Ohio, is a subsidiary of … Read more

Florida lawmakers are stepping up to address growing concerns about property insurance in the state. In early March, legislative leaders gathered in Tallahassee, responding to public pressure and media scrutiny. They committed to investigating the financial practices of property insurers, particularly their dealings with managing general agents (MGAs). House Speaker Danny Perez announced this investigation, … Read more

A Texas man has been sentenced to over 13 years in prison for his role in a large insurance fraud scheme that cost companies around $5 million. Jordan Ford, 32, was charged in June 2024 and pleaded guilty to conspiracy to commit wire fraud in September 2024. On Thursday, U.S. District Judge Mark Pittman sentenced … Read more

Marsh, a leading global insurance broker based in New York City, has announced key leadership changes in its U.S. operations. Fran Curran has been appointed as the new U.S. surety leader, while Todd Schweitzer takes on the role of U.S. construction claims leader. Fran Curran, who has been with Marsh for 24 years, previously led … Read more

The U.S. property and casualty insurance sector has seen a significant turnaround, reporting its first full-year underwriting profit in four years. This shift has contributed to a remarkable rise in net income, reaching $170 billion for the year 2024, as highlighted in a recent report from Verisk and the American Property Casualty Insurance Association (APCIA). … Read more

MS Amlin, a global re/insurer based in Lloyd’s, has announced a significant reinsurance scheme designed to support Ukraine’s small and medium-sized enterprises (SMEs). This initiative could provide up to €1 billion (approximately $1.1 billion) annually in coverage, aimed at revitalizing the war risk insurance market in Ukraine. The scheme is a collaboration between MS Amlin, … Read more