News Archives - Insurance Journal

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9 10, 2025

French Wine Output to Fall Below 2024 After Fires Ravage Vines

By | October 9th, 2025|Uncategorized|Comments Off on French Wine Output to Fall Below 2024 After Fires Ravage Vines

France further cut its estimate for this year’s wine production, putting output below 2024’s historically low level, after summer heat waves and wildfires hit vineyards. With the grape harvest nearly complete, output is now seen at 36 million hectoliters, the …

9 10, 2025

Tokio Marine Weighs More Than $10 Billion of International M&A

By | October 9th, 2025|Uncategorized|Comments Off on Tokio Marine Weighs More Than $10 Billion of International M&A

Tokio Marine Holdings Inc., Japan’s top property and casualty insurer, could spend more than $10 billion on acquisitions to boost its international business, according to Brad Irick, who co-heads the unit. The firm, which generates about 80% of its overseas …

9 10, 2025

Bank of England Says Soaring AI Valuations Risk Sharp Market Correction

By | October 9th, 2025|Uncategorized|Comments Off on Bank of England Says Soaring AI Valuations Risk Sharp Market Correction

Stretched valuations for artificial intelligence companies and challenges to the Federal Reserve’s independence have fueled the risks of a “sharp market correction,” the Bank of England said on Wednesday. In its quarterly financial stability update, the UK central bank said …

9 10, 2025

World Is Far More Ablaze Now With Damaging Fires Than in 1980s: Study

By | October 9th, 2025|Uncategorized|Comments Off on World Is Far More Ablaze Now With Damaging Fires Than in 1980s: Study

Earth’s nastiest and costliest wildfires are blazing four times more often now than they did in the 1980s because of human-caused climate change and people moving closer to wildlands, a new study found. A study in the journal Science looks …

9 10, 2025

People Moves: Liberty Specialty Markets Promotes Nelson as Active U/W for Syndicate 4472; Westfield Specialty Int’l Taps Faraday’s Richardson to Lead Open Market Property

By | October 9th, 2025|Uncategorized|Comments Off on People Moves: Liberty Specialty Markets Promotes Nelson as Active U/W for Syndicate 4472; Westfield Specialty Int’l Taps Faraday’s Richardson to Lead Open Market Property

This edition of International People Moves details appointments at Liberty Specialty Markets and Westfield Specialty International. A summary of these new hires follows here. Liberty Specialty Markets Promotes Nelson as Active U/W for Syndicate 4472 Liberty Specialty Markets (LSM), part …

9 10, 2025

CyberCube Gains a New $180M Investor in Spectrum Equity

By | October 9th, 2025|Uncategorized|Comments Off on CyberCube Gains a New $180M Investor in Spectrum Equity

Cyber risk modeler CyberCube has gained a new investor to support its long-term growth. The software-as-a-service cyber risk analytics provider said Spectrum Equity is investing more than $180 million, subject to regulatory approvals. It equity firm with join ForgePoint Capital, …

9 10, 2025

FurtherAI Raises $25M to Alleviate Insurance Industry’s ‘Busywork’ Burden

By | October 9th, 2025|Uncategorized|Comments Off on FurtherAI Raises $25M to Alleviate Insurance Industry’s ‘Busywork’ Burden

San Francisco-based insurance AI start up FurtherAI announced a $25 million Series A funding round led by Andreessen Horowitz to improve insurance workflows through AI. Claiming that those who run the $7 trillion insurance industry are “doing trillion-dollar work with …

9 10, 2025

Kentucky AG Suit Says Roblox Fails to Protect Children on Gaming Platform

By | October 9th, 2025|Uncategorized|Comments Off on Kentucky AG Suit Says Roblox Fails to Protect Children on Gaming Platform

Kentucky’s attorney general claimed Tuesday that the online gaming platform Roblox has become a “playground for predators” as he announced a lawsuit accusing the company of lax child safety measures. The Kentucky suit, filed by his office Monday in a …

9 10, 2025

Fortegra Begins Operating From Box 388 at Lloyd’s of London

By | October 9th, 2025|Uncategorized|Comments Off on Fortegra Begins Operating From Box 388 at Lloyd’s of London

Fortegra Group Inc., a global specialty insurer and subsidiary of Tiptree Inc., announced it has secured a box in the underwriting room at Lloyd’s. Effective immediately, Fortegra will operate from Box 388 on the third gallery in the Lloyd’s underwriting …

9 10, 2025

Virginia Appeals Court Nixes $2.5 Million Jury Award Against Anesthesiologist

By | October 9th, 2025|Uncategorized|Comments Off on Virginia Appeals Court Nixes $2.5 Million Jury Award Against Anesthesiologist

A Virginia appellate court has ordered a new trial in a malpractice case in which a jury awarded a $2.5 million in damages against a doctor for alleged failure to properly administer anesthesia to a woman undergoing an emergency caesarian …