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BCU Risk Advisors, a Chicago-based personal insurance consulting firm that focuses on high-net-worth individuals and families, has introduced a new service tailored for family offices. With almost 20 years of experience serving affluent clients, the firm is now launching a dedicated family office practice to better meet their unique needs. This new practice aims to … Read more

In August 2023, a steering problem on the multi-purpose carrier BBC Africa caused it to crash into a bulk carrier in the Houston Ship Channel, leading to over $1 million in damage. The BBC Africa lost steering while leaving the channel on August 25 and struck the moored bulk carrier Common Faith. Fortunately, there were … Read more

Christopher Frankland, founder of InsurTech360, has a fresh take on how artificial intelligence will shape the insurance industry. Instead of replacing people, he sees AI as a tool to boost their abilities. Frankland envisions a future where human agents work alongside smart technology to improve service and efficiency. With years of experience in carrier engineering … Read more

Investing in resilience is becoming a key part of how insurers decide on coverage, driven by the growing impact of climate change. Jason Kaminsky, CEO of kWh Analytics, explains that while insurance policies are usually short-term, the increasing number and severity of climate events are changing things. In the renewable energy sector, this means insurers … Read more

A new report from the Canadian Centre for Policy Alternatives reveals that the pay gap between top Canadian CEOs and average workers is wider than ever. In 2024, the highest-paid executives earned a record-breaking average of $16.2 million each. Meanwhile, the typical Canadian worker made just $65,548. This means the top 100 CEOs earned 248 … Read more

Lockton has announced some new leadership moves in its U.S. casualty team. Peter Rapciewicz is stepping in as the leader for the entire U.S. casualty business, while Jessica Cullen will take charge of excess casualty and operations. Rapciewicz will lead the way in shaping and growing Lockton’s casualty services across the country. He reports directly … Read more

Santa Monica city officials are considering a resolution that would declare the city in fiscal distress as it wrestles with rising costs from sexual abuse settlements that have shaken its budget. This move reflects a growing financial strain seen in other local governments facing similar settlement payouts. The trouble stems from settlements exceeding $229 million … Read more

About 15 years ago, Dave Jones was one of the few voices urging the insurance industry to take climate change seriously. Back then, most insurers shrugged off the issue, seeing climate risks as distant concerns and not connecting them to their business. Today, the picture looks very different. Insurers across the U.S. and the world … Read more

As the property and casualty insurance market moves into 2026, brokers are noticing softer pricing in some areas, but the overall picture remains mixed and complicated. Justin Foa, a leader at Alera Group, says the market isn’t simply getting easier across the board. Instead, there are clear differences depending on the type of risk and … Read more

American International Group (AIG) is preparing for a big leadership change in 2026. Peter Zaffino, who has been chairman and CEO since March 2021, plans to step down as CEO and take on the role of executive chair by mid-year. This shift marks the end of an era in which Zaffino helped AIG achieve five … Read more