Wed.Jul 09, 2025

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Three Killed in Houthi Attacks on Cargo Ships, One Vessel Sinks in Red Sea

Insurance Journal

Houthi attacks on cargo ships in the Red Sea killed three crew members, sank one vessel, and left a second without propulsion in signs the Tehran-backed group is once again escalating assaults in the vital trade route.

Risk 233
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Meet Mike Morse, Director of Small Business Underwriting at Central Insurance

Central Insurance

Learn how Mike Morse leads Central’s strategy to scale small business with innovative tools and specialized teams. The post Meet Mike Morse, Director of Small Business Underwriting at Central Insurance appeared first on Central Insurance Blog.

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Markets/Coverages: Markel Launches Pre-Loss Services for UK Cyber Clients

Insurance Journal

Markel Insurance, the insurance operations within Markel Group Inc., announced the launch of its pre-loss services for UK Cyber360 policyholders.

Cyber 238
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When Life Insurance Isn’t Tax-Free: 6 Situations That Create Tax Liability

The Insurance Pro

Life insurance has earned a well-deserved reputation as one of the most tax-advantaged financial vehicles available. The ability to grow cash value tax-deferred and access it tax-free has made whole life and universal life insurance popular choices for building wealth. However, it's crucial to understand that not every life insurance transaction is tax-free.

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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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UK Companies Should Have to Disclose Major Cyberattacks, M&S Says

Insurance Journal

British businesses should be legally required to report material cyberattacks to the authorities, the chairman of retailer Marks & Spencer said on Tuesday, claiming two recent major attacks on large UK firms had gone unreported.

Claim 212

More Trending

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MGAs by the Numbers: Fronting Biz, Nonaffiliated MGAs Drive Growth

Insurance Journal

Direct premiums written by U.S. managing general agents jumped to over $114 billion in 2024, according to the latest installment of an annual research series on the MGA market.

Agents 195
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What You Should Know About Barmenia Versicherungen in Germany

Top Insurance Blogs

When it comes to choosing a reliable insurance provider in Germany, Barmenia Versicherungen is a name that deserves serious consideration. With over a century of history and a strong focus on personal service, digital innovation, and sustainable growth, Barmenia stands out in Germany’s competitive insurance market. Barmenia is one of the most customer-focused insurers in […] The post What You Should Know About Barmenia Versicherungen in Germany appeared first on My Top Insurance Blog

Insured 52
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Insurtech Inshur Raises $35 Million From Trinity Capital for US Expansion, AI Tech

Insurance Journal

Inshur said it as received a $35 million capital raise from alternative asset manager Trinity Capital to invest in research and development of artificial intelligence technology to support its embedded auto insurance policies within the autonomous vehicle market.

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Eternity C and Magic Seas both sunk by Houthis

Insurance Marine News

Maritime security and risk management firms Ambrey and Diaplous had launched a mission on Wednesday July 9th to evacuate the crew of the bulk carrier Eternity C (IMO 9588249), which was hit by Houthi rebels off Yemen two days ago, reported Reuters, citing sources close to the mission. Rescuers pulled six crew members alive from the Red Sea on. The post Eternity C and Magic Seas both sunk by Houthis appeared first on Insurance Marine News.

Marine 52
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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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Villages Health System Sees $350 Million in Medicare Overcharges

Insurance Journal

A health-care system serving the largest retirement community in the US has filed for bankruptcy after disclosing it potentially overbilled Medicare by at least $350 million, according to court filings.

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Al Seer Marine secures $207m in funding to spearhead tanker expansion

Splash: Finance and Insurance

Abu Dhabi’s Al Seer Marine has bolstered its capital structure, securing a $207m financing facility from Abu Dhabi Commercial Bank (ADCB) to support diversified fleet growth and strategic investments. The ADX-listed subsidiary of the International Holding Company (IHC) said the eight-year loan is backed by first-priority mortgages on a selected group of operating vessels.

Marine 87
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AM Best Revises Outlook to Negative for Texas’ Service Insurance Group

Insurance Journal

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Service Lloyds Insurance Company, a Stock Company and Service American Indemnity …

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ITIC reimburses yacht broker after costly phishing scam leads to €58,000 loss

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post ITIC reimburses yacht broker after costly phishing scam leads to €58,000 loss appeared first on Insurance Marine News.

Broker 52
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Washington Insurance Commissioner’s Office Recovered $100M for Consumers Over Two Years

Insurance Journal

The Washington Office of the Insurance Commissioner reported it recovered more than $100 million for consumers during a two-year period.

Insurer 146
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Prior Authorization Expands to Traditional Medicare in 2026

PSM Brokerage

Starting in 2026, CMS will require prior approvals for select services in six pilot states under a new model. Starting January 1, 2026 , the Centers for Medicare & Medicaid Services (CMS) will roll out a major policy shift: prior authorization requirements will now apply to some services under Traditional (Original) Medicare in six pilot states— New Jersey, Ohio, Oklahoma, Texas, Arizona, and Washington.

Agents 59
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Online Ticket Seller to Pay $85K for Violating Connecticut’s New Data Privacy Law

Insurance Journal

Connecticut Attorney General William Tong announced a settlement with TicketNetwork, Inc. as a result of an investigation into violations of the Connecticut Data Privacy Act.

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Surety Bonds Insurance with Distinguished: High Limits, Fast Approvals, and Agent-Focused Service 

Distinguished

Whether your client is bidding on a public works contract, applying for a professional license, or navigating a private equity-backed obligation, having access to the right surety bond program can make or break the deal.  At Distinguished, we’ve built a flexible, agent-friendly Surety Bond Program that covers both commercial and contract surety needs, with high capacity, fast approvals, and the underwriting expertise to handle everything from standard requests to complex accounts.

Agents 40
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Former California Insurance Agent Sentenced for $3.7M Fine Art Policy Scam

Insurance Journal

A former California insurance agent was sentenced to 50 months in federal prison for defrauding a lender out of $3.7 million with bogus applications for fine art insurance policies.

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Kerala sues MSC for $1.1bn MSC Elsa 3 sinking

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Kerala sues MSC for $1.1bn MSC Elsa 3 sinking appeared first on Insurance Marine News.

Marine 52
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Corps Revises Pearl River Flood Study in Mississippi, Sets New Comment Period

Insurance Journal

The U.S.

Insured 178
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How to Sell an Insurance Agency in 2025: 8 Steps to Win For Agency Owners

Agency Height

Selling soon? Here’s how to sell your insurance agency online—get top dollar, avoid legal issues, and close confidently with.

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Kansas Insurance Commissioner Schmidt Announces Run for Governor

Insurance Journal

Kansas Insurance Commissioner Vicki Schmidt announced her bid to run for Governor of Kansas in 2026. Schmidt, a lifelong Republican, began her career as a pharmacist after graduating from the University of Kansas.

Insurer 248
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Marine round-up : 10th July 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 10th July 2025 appeared first on Insurance Marine News.

Marine 52
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Lemonade Expands Car Insurance to Indiana

Insurance Journal

Lemonade announced this week the expansion of its car insurance product in Indiana. With this addition, Lemonade Car is now available in states representing approximately 42% of the U.S. car insurance market.

Insurer 164
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Belgian pilot critically injured in fall from pilot ladder

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Belgian pilot critically injured in fall from pilot ladder appeared first on Insurance Marine News.

Marine 52
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Credit Fund’s Collapse Leads to $1 Billion Lawsuit Against EY

Insurance Journal

Bridging Finance Inc.’s receiver is suing Ernst & Young LLP for C$1.4 billion ($1 billion), alleging the auditor failed to detect fraud and misstatements that contributed to the Toronto private lender’s collapse.

Claim 178
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Blog Post: What Are Contract Lifecycle Management Benefits?

LexisNexis

Summary Contract Lifecycle Management is an enterprise legal management software application delivering a comprehensive approach to managing contracts from initial creation through execution and renewal or termination. The software streamlines the entire contract process throughout drafting, automation, contract negotiation, and execution with centralized oversight, helping organizations reduce risk, improve compliance, and maximize contract value.

Risk 52
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People Moves: Lawley Names 4 Professionals to Northeast Offices

Insurance Journal

Insurance agency Lawley, headquartered in Buffalo, New York, named several new professionals across the agency. Anto Almasian is a new surety executive in the Buffalo office.

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FEMA Flood Insurance VS Private Flood Insurance: Which is Better? 

Agency Height

Compare FEMA and private flood insurance to find the best option for your property.

Insurer 40
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Washington Insurance Commissioner Recovered $100M for Consumers Over 2 Years

Insurance Journal

The Washington Office of the Insurance Commissioner reported it recovered more than $100 million for consumers during a two-year period.

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Facebook Ads for Insurance Agents: Your Strategic Guide to Lead Generation 

Agency Height

Discover proven Facebook Ads for Insurance Agents strategies to generate high-quality leads and grow your business. Learn how to optimize.

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Covenir Continues Innovation Spree to Better Serve Insurer Needs Amidst Industry Headwinds

Insurance Journal

New IntelliClaims Advantage Solution Helps Insurers Close Claims Faster, Improve Customer Satisfaction and Reduce Costs by up to 60% BOSTON, MA, July 9, 2025 — CovenirBPO, the leading provider of onshore business process outsourcing services for claims, call center, FNOL, …

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