Fri.Aug 08, 2025

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Zurich Insurance Reports Record H1 Profit of $4.2B, Driven by Middle Market, Specialty

Insurance Journal

Zurich Insurance Group reported some record numbers during the first half: business operating profit (BOP) was up 6% to a record US$4.2 billion and core return on equity hit a best-ever number of 26.3%.

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Norway to demand insurance disclosure from foreign tankers

Splash: Finance and Insurance

Norwegian authorities will require foreign-flagged tankers operating within the country’s economic zone to disclose their insurance arrangements starting August 11. The new rule, announced by Norway’s coastal administration, is part of a broader push to enhance maritime safety and environmental protection amid mounting concerns over the growing presence of shadow tankers in northern European waters.

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ALKEME Acquires Virginia’s Innovative Insurance Group

Insurance Journal

California-based insurance brokerage ALKEME announced its acquisition of Innovative Insurance Group, one of Virginia’s largest insurance agencies. This acquisition marks a significant expansion of ALKEME’s commitment to the East Coast, according to Curtis Barton, CEO of ALKEME.

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Commercial Insurance in a Soft Market: Guide for UK Brokers & SMEs | Protect CommercialStanding Strong When Everyone Else is Cutting Corners

Protect Commercial Insurance

Standing Strong When Everyone Else is Cutting Corners Right, let’s talk about something we’re all feeling at the moment—this soft market everyone keeps mentioning. Premiums are under pressure, clients are shopping around more than ever, and it feels like everyone’s racing to the bottom on price. Sound familiar? Here in Cardiff, we’ve been having plenty of conversations with mortgage brokers and small business owners who are scratching their heads about insurance right now

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Homeowners Insurers Still Boosting Rates; Top Carriers Ranked: AM Best

Insurance Journal

Last year’s sub-100 combined ratio for the homeowners line broke a five-year string of 100-plus figures for the U.S. insurance industry in aggregate—and homeowners insurers are sticking to rate increases to keep profits going, a new report says.

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Smith Brothers Acquires Moscato & Associates

Insurance Journal

Connecticut-based Smith Brothers Insurance announced it acquired Moscato & Associates of Ithaca, New York on August 1, 2025. Moscato & Associates, an independent agency specializing in employee benefits, individual health, and Medicare, will maintain its location in Ithaca.

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What to Look for When Choosing Your Small Business Shipping Services

Central Insurance

Learn what to look for in small business shipping services, reduce risk, and discover how insurance, like a BOP, can help protect your shipments and profits. The post What to Look for When Choosing Your Small Business Shipping Services appeared first on Central Insurance Blog.

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Two South Carolina Women Charged With Fake Hit-and-Run Scam

Insurance Journal

Two South Carolina women filed an auto accident claim with First Acceptance Insurance Co. in May and were paid more than $25,500 for bodily injury medical expenses.

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How To Find the Best Insurance Lawyer

Property Insurance Coverage Law

Finding the best insurance lawyer to represent you may start with a warning: “How to avoid hiring a bad lawyer.” I was thinking about that topic while reading a recent case from Texas about an advertising lawyer. In that case, a judge sanctioned the attorney and his law firm for filing a property insurance lawsuit … The post How To Find the Best Insurance Lawyer appeared first on Property Insurance Coverage Law Blog.

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Take the Hassle Out of Claims Management

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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Why Experts Say States Need to Get in the Business of Floodplain Buyouts

Insurance Journal

As flooding becomes an increasingly common and destructive feature of Texas life, housing experts are calling for the creation of a statewide, voluntary buyout program to move residents out of the most high-risk areas.

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Which City Has the Cheapest Car Insurance in California?

Top Insurance Blogs

If you’ve ever wondered where in California you can pay the least for car insurance, you’re asking a smart question. California dropdown menus list countless cities, but insurance rates vary wildly, often by thousands of dollars per year. Let me walk you through what the data shows, why these cities cost less, and how one […] The post Which City Has the Cheapest Car Insurance in California?

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Former Ironshore, Lexington CEO Kevin Kelley Dies

Insurance Journal

Long-time industry leader Kevin H. Kelley has died. Kelley was last in the industry with Liberty Mutual Insurance, where he was vice chairman, Global Risk Solutions after joining the company in 2017 when Ironshore was acquired by Liberty Mutual.

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Blog Post: The Future of Legal AI: Answers to Your Top Questions about the LexisNexis and Harvey Alliance

LexisNexis

By Tony Muljadi | VP of Large Law, LexisNexis As LexisNexis deepens its investment in innovative legal technology, our strategic alliance with Harvey has sparked plenty of thoughtful questions from our customers. Below, I’m pleased to address some of the most common topics raised, detailing what this collaboration means for the future of legal AI. Summary Why Harvey and LexisNexis® Chose to Form a Strategic Alliance The Pivotal Role of the LexisNexis and Harvey Alliance What the LexisNexis

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Ontario Teachers’ Sells Stake in French Broker Diot-Siaci to Private Equity Firm Ardian

Insurance Journal

Ontario Teachers’ Pension Plan has signed a definitive agreement to sell its stake in Diot-Siaci, a Paris-based corporate insurance brokerage group, to French private equity firm Ardian. Financial details of the deal were not disclosed.

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Blog Post: Lexis® Create+ for Microsoft® Outlook®: AI-Powered Legal Drafting That Starts in Your Inbox

LexisNexis

By Muthuraman KasiViswanathan | Group Product Manager, LexisNexis Legal & Professional Your inbox isn’t just for correspondence: it’s where legal work begins. Deals move forward, clients ask tough questions, and contracts start taking shape—often in the middle of messy, multi-threaded email chains. For many attorneys, Outlook is the front line of legal activity.

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3 Ways for Insurers to Spread Catastrophe Risk Literacy to Homeowners, Minimal Lift Required

Insurance Journal

This post is part of a series sponsored by Cotality. Homeownership has long been synonymous with the American Dream.

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Splash Wrap: Flags, fines and fakes

Splash: Finance and Insurance

Sanctions, the shadow fleet, and the many ways authorities are trying to clamp down on this illicit trade kept Splash reporters busy all week, with clear evidence that the dark fleet is growing quicker than the West can contain.

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NC Residents Can Now Seek State Aid After Tropical Storm Chantal

Insurance Journal

RALEIGH, N.C. (AP) — Individuals in central North Carolina counties whose homes and belongings were damaged by massive rains last month from Tropical Storm Chantal can now seek state-funded financial grants for temporary assistance.

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Australia’s Privacy Regulator Sues Optus Over 2022 Data Breach

Insurance Journal

An Australian regulator has sued Optus, alleging the Singapore Telecommunications-owned carrier breached privacy laws during a 2022 cyber attack that compromised the personal data of millions of customers, both parties confirmed on Friday.

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People Moves: Kingstone Appoints Patten CFO

Insurance Journal

Kingstone Companies Inc., headquartered in Kingston, New York, appointed Randy L. Patten as chief financial officer (CFO), effective August 25. Patten joins Kingstone Companies, Inc. from NEXT Insurance Inc.

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Second California Wildfire Prompts Evacuations, Threatens Thousands of Structures

Insurance Journal

A brush fire in a mountainous area north of Los Angeles has forced thousands of evacuations, becoming one of two ongoing blazes of concern in California.

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Tesla Secures Texas Rideshare Permit for Robotaxi Operation

Insurance Journal

Tesla Inc. has been granted a rideshare license in Texas, paving the way for the electric-vehicle maker to operate its robotaxi service under new regulations governing autonomous vehicles in the state.

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Minnesota Cities Consider Government-Run Marijuana Shops

Insurance Journal

As some Minnesota cities fret over regulating newly legalized and normalized marijuana sales, others see an opportunity. Elk River is among 13 Minnesota cities considering opening municipally owned cannabis stores.

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2 South Carolina Deputies Hurt by Live Rounds Kept in Baggie in Desk Drawer

Insurance Journal

COLUMBIA, S.C.

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Great Barrier Reef Records Largest Annual Coral Loss in 39 Years

Insurance Journal

The Great Barrier Reef has experienced its greatest annual loss of live coral across most of its expanse in four decades of record-keeping, Australian authorities say.

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Iowa AG Secures Pair of Environment Case Settlements

Insurance Journal

Iowa Attorney General Brenna Bird announced settlements in two cases her office prosecuted on behalf of the Iowa Department of Natural Resources.