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Category: Insurance Journal

AI-Driven MGA ‘Augmented UW’ Launches to Serve Smart-Follow Insurance Market
Insurance Journal | July 10, 2025
AI-Driven MGA ‘Augmented UW’ Launches to Serve Smart-Follow Insurance Market
Augmented UW Ltd., the AI-driven managing general agent, has launched in London to serve the smart-follow insurance market. The MGA was founded by Chief Executive Officer Daniel Prince, a leading executive in the London insurance market, who was formerly CEO …
Extreme Weather Could Cause 5% Drop in Euro Zone GDP, Bank Watchdogs Find
Insurance Journal | July 10, 2025
Extreme Weather Could Cause 5% Drop in Euro Zone GDP, Bank Watchdogs Find
Extreme weather events such as heatwaves, flooding and wildfires could wipe as much off euro zone GDP in the next five years as the global financial crisis or the COVID-19 pandemic, a senior European Central Bank official said on Wednesday. …
Northeast Cities Ranked Riskiest in National Allstate Driving Report
Insurance Journal | July 10, 2025
Northeast Cities Ranked Riskiest in National Allstate Driving Report
The five U.S. cities with the riskiest drivers are all located in the Northeast, according to Allstate’s 2025 America’s Best Drivers Report. The insurer listed Boston as the city where drivers were most likely to experience a collision, followed by …
Texas Agencies Missed Opportunities to Fund Flood Warning System
Insurance Journal | July 10, 2025
Texas Agencies Missed Opportunities to Fund Flood Warning System
Over the last decade, an array of Texas state and local agencies missed opportunities to fund a flood warning system intended to avert a disaster like the one that killed dozens of young campers and scores of others in Kerr …
Low Water Still Hindering Rhine River Shipping in Germany After Rainfall
Insurance Journal | July 10, 2025
Low Water Still Hindering Rhine River Shipping in Germany After Rainfall
Low water levels following a drought and heatwave in western Europe continue to hinder shipping through the Rhine river in Germany, commodity traders said on Wednesday, with rain in past days generating only a moderate rise in water levels. Low …
M&S Says April Cyberattack Caused by Third-Party Impersonation
Insurance Journal | July 10, 2025
M&S Says April Cyberattack Caused by Third-Party Impersonation
The cyberattack that derailed Marks & Spencer Group Plc’s operations for weeks was the result of a “sophisticated impersonation” of one of the retailer’s third-party users, according to Chairman Archie Norman. The hackers entered M&S’s systems on April 17 and …
Qantas Says Passenger Addresses, Meal Choices Among Stolen Data
Insurance Journal | July 10, 2025
Qantas Says Passenger Addresses, Meal Choices Among Stolen Data
Qantas Airways Ltd. said personal information belonging to 5.7 million customers, ranging from names and addresses to phone numbers and meal preferences, were stolen in last week’s cyberattack, as the fallout from the latest airline security breach becomes clearer. The …
Texas Counties Have Little Power to Stop Building in Flood-Prone Areas
Insurance Journal | July 9, 2025
Texas Counties Have Little Power to Stop Building in Flood-Prone Areas
Camp Mystic, the private summer camp that now symbolizes the deadly Central Texas floods, sat on a tract of land known to be at high risk for a devastating flood. Nearly 1.3 million Texas homes are similarly situated in parts …
Kansas Insurance Commissioner Schmidt Announces Run for Governor
Insurance Journal | July 9, 2025
Kansas Insurance Commissioner Schmidt Announces Run for Governor
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. She has worked for over 40 years …
Lemonade Expands Car Insurance to Indiana
Insurance Journal | July 9, 2025
Lemonade Expands Car Insurance to Indiana
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. Lemonade’s existing customers in the state already account …