JPMorgan, Citi Extending Mortgage Relief for LA Wildfire Victims
California Gov. Gavin Newsom said a group of major banks have agreed to extend mortgage relief for Los Angeles wildfire victims, as the area struggles to rebuild one year after the devastating blazes. Wells Fargo & Co., JPMorgan Chase & …
POSTED JANUARY 06, 2026 9:04 PM |
Trucordia Acquires First Texas Agency
Trucordia announced the acquisition of the First Texas Agency business, based in Houston, Texas. With a commitment to guiding clients with education about insurance solutions, First Texas Agency builds strong client relationships throughout the Houston area and beyond. Helfer & …
POSTED JANUARY 06, 2026 5:05 PM |
Houston Homeowners Win Hurricane Harvey Appeal Against Feds
A federal appeals court has ruled that the government is liable for damage to homes that flooded upstream of the Addicks and Barker dams after Hurricane Harvey unleashed more than 50 inches of rainfall on the Houston region in 2017. …
POSTED JANUARY 06, 2026 5:01 PM |
Zurich and Players Health Form Injury Insurance for NIL Era of College Sports
Zurich North America and Players Health, a provider of athlete safety and insurance solutions, have teamed up to introduce a critical injury protection insurance solution for colleges, universities, collectives and their student athletes who receive name, image and likeness (NIL) …
POSTED JANUARY 06, 2026 4:53 PM |
People Moves: Westfield Specialty Taps Sompo’s Röskau for New Company Market Unit
Westfield Specialty announced the appointment of Cornelia Röskau as chief executive officer of the newly formed Europe company market, Westfield Specialty Europe, which will begin underwriting business in April, subject to regulatory approval. She will be based in Luxembourg and …
POSTED JANUARY 06, 2026 4:51 PM |
Morningstar: A Year Later, LA Wildfires Were ‘Significant Stress Event’ for Insurance
In a report one year on from the Los Angeles area wildfires in 2025, which started on Jan. 7, Morningstar DBS Research issued a perspective that called the fires “a significant stress event” for California’s property/casualty insurance sector. The industry …
POSTED JANUARY 06, 2026 4:08 PM |
Xceedance Acquires Illinois-Based Marble Box
Xceedance, a global provider of technology-driven business solutions for the insurance industry, today announced its acquisition of Marble Box, a company delivering tailored operational support and process optimization solutions to independent insurance agencies and brokers. This acquisition marks Xceedance’s entry …
POSTED JANUARY 06, 2026 3:44 PM |
Millions at Risk of Los Angeles-Style Wildfires in Australia
Millions of people living on the expanding outskirts of Australia’s major cities face an increasing risk of urban wildfires similar to the deadly blazes in Los Angeles last year. Suburbs on the fringes of centers including Sydney, Melbourne and Perth …
POSTED JANUARY 06, 2026 3:11 PM |
AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In
American International Group Inc. said Peter Zaffino intends to retire as chief executive officer by midyear, ending a five-year run of improved returns that was marred by recent managerial turmoil. He’ll be replaced by Aon Plc’s Eric Andersen. The announcement …
POSTED JANUARY 06, 2026 1:12 PM |
German Insurers Report Below-Average Natural Disaster Claims in 2025
Heavy rain, flooding, storms and hail – also known as severe convective storms (SCS) – brought below-average claims for German insurers in 2025, defying the long-term trend for such perils, given the impact of climate change, according to the German …
POSTED JANUARY 06, 2026 12:48 PM |
UK Investment Group Kelso Buys Stake in Travel and Insurance Firm Saga
Investment firm Kelso Group Holdings said on Tuesday it had bought 400,000 shares in British travel company firm and submitted proposals to its board aimed at boosting value, including attracting more U.S. investors. Kelso’s investment, worth 1.55 million pounds ($2.1 …
POSTED JANUARY 06, 2026 12:12 PM |
Europe Backs Greenland After Trump Resumes Takeover Threats
European officials pledged to support Greenland after US President Donald Trump restarted his campaign to take the self-governed island in the wake of his strike on Venezuela. Across the continent, Europe’s biggest powers expressed solidarity with Greenland, a semi-autonomous territory …
POSTED JANUARY 06, 2026 11:45 AM |
UK’s Admiral Group Completes Sale of US Motor Business to PE Firm J.C. Flowers
UK insurer Admiral Group plc announced it has completed the sale of its U.S. motor insurance business – including Elephant Insurance Co. and Elephant Insurance Services – to J.C. Flowers & Co., the private equity firm, effective from December 31, …
POSTED JANUARY 06, 2026 11:32 AM |
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says
As the artificial intelligence trade continues to push the stock market to new highs, investors are increasingly asking if we’re living through another financial bubble that’s destined to burst. The answer isn’t so simple, at least according to history. The …
POSTED JANUARY 06, 2026 11:04 AM |
Germany Sees Russian Covert Attacks as Prelude to Wider Conflict
Russia is intensifying covert attacks on key infrastructure in Germany in a campaign of hybrid warfare that Berlin views as a possible prelude to a wider conflict, according to a military document obtained by Bloomberg. As Germany positions itself as …
POSTED JANUARY 06, 2026 10:30 AM |
Oil Tankers Sail From Venezuela With no Flag or Safety Documents, Shipping Data Show
Tankers loaded with Venezuelan crude and fuel that left the country’s waters in recent days are sailing in international waters without a known flag or ship safety documentation in place, shipping data showed. The location of the vessels is unknown …
POSTED JANUARY 06, 2026 9:58 AM |
High-Net-Worth Provider PCS Gets Former PURE CEO Buchmueller as Chairman
Ross Buchmueller, founder and former CEO of PURE Insurance, will be joining the board of managing general underwriter Private Client Select Insurance Services as chairman. Buchmueller announced Jan. 5 on LinkedIn that he agreed to serve as chair of the …
POSTED JANUARY 06, 2026 6:21 AM |
Former Exec Sues Insight Partners for Being ‘Impossible for Women’
A former vice president at Insight Partners has sued the venture capital firm for wrongful termination and gender discrimination, accusing the prominent investor of keeping women from its highest levels. Katherine Lowry, a consultant and tech company strategist who joined …
POSTED JANUARY 06, 2026 6:06 AM |
SCDOI Says Uninsured Motorist Fund Payments Should Be Considered ‘Other Income’
Auto insurers in South Carolina should soon start receiving checks from the state to help defray the cost of providing uninsured motorist coverage, but carriers must properly calculate and account for the money. The state Department of Insurance announced in …
POSTED JANUARY 06, 2026 6:02 AM |
Viewpoint: Georgia Reforms May Reshape Markets in Unintended Ways
Georgia lawmakers enacted two consumer-focused statutes that have gone into effect with the New Year that acknowledge and address one simple, but critical fact of life: Time is money. Approved by legislators in May 2025, Georgia Act 277 makes a …
POSTED JANUARY 06, 2026 6:02 AM |
People Moves: Alliant Hires Ellison as SVP, Employee Benefits
Jason Ellison has joined Alliant Insurance Services as senior vice president within its employee benefits group. Based in Nashville, Tennessee, Ellison will serve a national client base, providing strategic guidance across all aspects of employee benefits and total rewards programs. …
POSTED JANUARY 06, 2026 6:02 AM |
Judge Rejects Amazon’s Bid to Dismiss Price Gouging Lawsuit
A U.S. judge on Monday rejected Amazon.com’s bid to dismiss a proposed class-action lawsuit accusing the online retailer of price gouging during the COVID-19 pandemic. U.S. District Judge Robert Lasnik in Seattle, Amazon’s hometown, found “unpersuasive” a claim that Washington …
POSTED JANUARY 06, 2026 6:01 AM |
Massachusetts Fire Deaths Decline to 44; Toll Includes 10 Lost in Gabriel House Tragedy
Fire deaths in Massachusetts declined in 2025 from a seven-year high in 2024, according to state fire officials. Excluding fatal motor vehicle collisions with an ensuing fire, Massachusetts recorded 44 fire deaths in 30 fires during 2025, State Fire Marshal …
POSTED JANUARY 06, 2026 6:00 AM |
Woman Who Lost Home in LA Wildfire Sowed Hope Where Her Home Once Stood
Missi Dowd-Figueroa brought life back to the fire-ravaged plot where her home once stood—one sunflower at a time. The registered nurse and mother of three lost her 1898 farm-style house in the Eaton Fire, one of two deadly wildfires that …
POSTED JANUARY 06, 2026 6:00 AM |
Massachusetts Credit Union Completes Buy of Maryland’s Peoples Bank, Insurance
Massachusetts-based Hanscom Federal Credit Union reported it closed on its previously announced purchase of The Peoples Bank in Maryland, following receipt of all regulatory and shareholder approvals. In its 2024 annual report, Peoples Bank said the purchase price would be …
POSTED JANUARY 06, 2026 6:00 AM |