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The 2025 Atlantic hurricane season is shaping up to be more intense than usual, with forecasts predicting 17 named storms, nine hurricanes, and four major hurricanes. This information comes from Colorado State University (CSU) in collaboration with the Insurance Information Institute (Triple-I). Phil Klotzbach, a senior research scientist at CSU and a non-resident scholar at … Read more

RYZE Claim Solutions has made a significant move by acquiring Leading Edge Claims Service, a company located in Southlake, Texas. This acquisition, announced recently, is part of RYZE’s strategy to expand its services and strengthen its position in the claims management industry. Leading Edge Claims Service, founded in 2007, is known for providing high-quality claims … Read more

MS&AD Insurance Group Holdings Inc. has announced plans to merge two of its non-life insurance subsidiaries, Mitsui Sumitomo Insurance Co. Ltd. and Aioi Nissay Dowa Insurance Co. Ltd. This move, revealed on March 28, aims to create a dominant player in Japan’s non-life insurance market. For the past 15 years, Mitsui Sumitomo and Aioi Nissay … Read more

What you flush down your toilet could end up on farm fields across the United States. This is because of a substance called biosolids, which are the solid leftovers from the wastewater treatment process. These materials are rich in nutrients and can be used as fertilizer for crops or compost for gardens. However, the way … Read more

The California Surplus Lines Market Index has shown strong signs of resilience and flexibility, even as the state faces various economic and environmental challenges. This index serves as an important measure of the health of the surplus lines market, which includes insurance products that are not available through standard carriers. The findings from the index … Read more

Tori Sarmiento, a young professional at INSTANDA, recently shared her journey into the insurance industry in a podcast episode. She discussed her growing passion for the field and highlighted the challenges the industry faces in attracting younger talent. Sarmiento emphasized that many young people view insurance as outdated and unexciting. She believes that for the … Read more

In today’s fast-paced world, artificial intelligence (AI) is changing how businesses operate, especially in the insurance sector. Brokers are feeling the pressure to embrace technology or risk falling behind. However, many in the industry are still debating how much of the process should be automated and how much should involve human interaction. Douglas Weisskopf, a … Read more

Everest Re and Aqueous Underwriting have recently made significant appointments aimed at strengthening their leadership teams and enhancing their service offerings. Alex Haines has joined Everest Re as the global head of Engineering. He comes with over 20 years of experience in construction and engineering, having previously worked at Guy Carpenter as managing director. In … Read more

AM Best has made a significant update regarding The Pie Insurance Company and its affiliate, Pie Casualty Insurance Company. The ratings agency has affirmed their Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent). This comes after the ratings were put under review with negative implications earlier this year … Read more

State Farm has reported a staggering $2.5 billion in payouts related to the wildfires that swept through Los Angeles in January. This amount is more than double what the company had announced just weeks earlier. As of late March, State Farm noted that it had received over 12,300 claims linked to the fires. The California … Read more