Article

The Cayman Islands are seeing a surge in new international insurance companies setting up shop. During the first half of 2025, the Cayman Islands Monetary Authority (CIMA) approved licenses for 21 new insurers. This includes 16 licenses granted between April and June—covering nine Class B(i) captives, six Class B(iii) reinsurers, and one Class C insurer—on … Read more

Encova Insurance is making some changes to its leadership team as a longtime executive gets ready to retire. John Kessler, who has served as Executive Vice President and Chief Strategy Officer for over 40 years, plans to retire at the end of 2026. To prepare for his departure, the company has brought two new senior … Read more

Illinois is facing a serious crisis involving widespread child sexual abuse at juvenile detention centers, with more than 900 survivors coming forward and filing lawsuits. Hundreds of complaints have exposed a pattern of abuse by staff members, stretching from the mid-1990s to 2018 across multiple facilities throughout the state. This week, new lawsuits were filed … Read more

Insurance professionals have plenty to look forward to in the coming months with a series of events designed to keep industry leaders connected and informed. These gatherings offer chances to learn about new trends, celebrate achievements, and build valuable relationships. One of the highlights scheduled for November 13, 2025, is the Insurance Business Canada Awards. … Read more

Florida’s insurance market is showing signs of steady improvement after years of challenges, according to Governor Ron DeSantis. Speaking at the APCIA Annual Meeting in Orlando, DeSantis outlined how legal reforms passed in 2022 and 2023 have helped bring more stability to the state’s insurance scene. He pointed to more competition, lower rate increase requests, … Read more

Johnson & Johnson has been ordered to pay nearly $1 billion following a jury’s ruling that its talc-based baby powder contributed to the death of an elderly California woman. The award is one of the largest so far in the ongoing wave of lawsuits accusing the company’s talc products of causing cancer. The verdict came … Read more

A trial is underway in Miami federal court over a deadly Tesla crash that happened in 2019, raising tough questions about the safety of the company’s Autopilot system. At the center of the case is whether Tesla did enough to prevent drivers from misusing its driver-assist technology. Mary “Missy” Cummings, an engineering professor at George … Read more

Price Forbes, a re/insurance broker based in London, has expanded its exclusive insurance platform, Lectio, to now include construction and builders risk coverage. This new addition supports short-term construction projects in the U.S., Canada, and Australia, following pre-approved Lloyd’s leaders seamlessly across placements. Since its launch in April 2021, Lectio initially covered cargo, specie, financial … Read more

The city of Los Angeles has taken legal action against Airbnb, accusing the company of allowing rental prices to skyrocket during the recent wildfires that hit Southern California. The lawsuit claims that between January 7 and 17, at least 2,000 Airbnb listings in the city increased their prices by more than 10%, violating California’s law … Read more

Florida’s insurance market is showing signs of steady improvement, according to Governor Ron DeSantis. Speaking at the APCIA Annual Meeting in Orlando on October 6, 2025, DeSantis credited recent legal reforms for helping stabilize the state’s insurance landscape, which had long struggled with high litigation rates and rising costs. DeSantis pointed to a series of … Read more