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The environmental insurance market is facing a significant challenge. Despite a long history of high supply, many businesses are still unable to secure the coverage they need. This issue has become increasingly pressing as the demand for environmental insurance grows due to evolving risks. According to industry experts, about 80% of companies do not purchase … Read more

Air Lease Corp., an aircraft leasing company, announced on Monday that it has received $328.5 million in cash as part of insurance settlements. This payment is related to aircraft that were stranded in Russia after the country invaded Ukraine in 2022. Before the invasion, Russia was an important market for aircraft leasing companies. They would … Read more

Argo Group International Holdings has appointed Chris Donahue as its new CEO. This change comes after Donahue joined the company as chief financial officer in November 2023, right when Brookfield Reinsurance finalized its acquisition of Argo Group. Jessica Buss, who was the CEO at that time, is stepping down from her role. Jonathan Bayer, chair … Read more

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

For small businesses, finding affordable workers’ compensation insurance can be quite challenging, especially in high-risk industries. Katherine Antonello, the president and CEO of EMPLOYERS, believes that while options might seem limited, they are not as scarce as many think. She emphasizes that there are carriers focused on high-risk industries that have the expertise and resources … Read more

Insurance Business America recently released its 2025 report on the best wholesale brokers and managing general agents (MGAs), highlighting a significant trend in the insurance industry. The report shows that more retail brokers are turning to wholesalers and MGAs for their business needs. This year, 33% of brokers reported that they conduct over half of … Read more

Texas is becoming a key player in the excess and surplus (E&S) insurance market as the U.S. faces an increase in catastrophic events. According to Chris Davis, writing for Insurance Business, the E&S market in the U.S. saw a significant growth of 19.2% in 2022, reaching $98.5 billion in direct premiums. Texas stands out as … Read more