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Category: Insurance Journal

Takeaways From AP Analysis on the Flaws in National Flood Insurance
Insurance Journal | October 1, 2026
Takeaways From AP Analysis on the Flaws in National Flood Insurance
The nation’s flood insurance program struggles to balance affordability, flood protection and cost to taxpayers, leaving millions vulnerable at a time when climate change is driving flood risk higher. Nationwide, just 2.4% of properties are covered by 4.5 million federal …
AXA XL Launches Insurance Company, AXA XL E&S
Insurance Journal | October 1, 2026
AXA XL Launches Insurance Company, AXA XL E&S
AXA XL said it launched AXA XL Excess & Surplus Lines Insurance Company (AXA XL E&S), dedicated to exclusively serve wholesale brokers. This strategic move enhances AXA XL’s underwriting focus and capabilities within the Excess & Surplus (E&S) insurance market. …
Passengers Avert Crash Tackling Pilot Who Stabbed Colleague
Insurance Journal | September 30, 2026
Passengers Avert Crash Tackling Pilot Who Stabbed Colleague
A pilot of a jet carrying more than 170 passengers to Tel Aviv stabbed his colleague and tried to crash the plane in what Israeli Prime Minister Benjamin Netanyahu branded a serious security incident. Catastrophe was narrowly avoided after a …
People Moves: Howden Re Launches Danish Office, Naming Ellborg as MD; Re/Insurance Broker Cogent Names Holberry as CEO Designate
Insurance Journal | September 30, 2026
People Moves: Howden Re Launches Danish Office, Naming Ellborg as MD; Re/Insurance Broker Cogent Names Holberry as CEO Designate
This edition of International People Moves details appointments at Howden Re and the re/insurance broker Cogent. A summary of these new hires follows here. Howden Re Launches Danish Office, Naming Ellborg as MD Howden Re, the London-based reinsurance unit of …
Griffin’s University Plan Turbocharges Miami Transformation
Insurance Journal | September 30, 2026
Griffin’s University Plan Turbocharges Miami Transformation
Ken Griffin has spent years trying to reshape Miami from a playground for the world’s wealthy into a high-finance and technology hub. That effort has largely centered on the city’s burgeoning Brickell financial district, where Griffin is constructing a headquarters …
Bank of England Sees Growing Risk That Dangers From AI and Debt Will Materialize
Insurance Journal | September 30, 2026
Bank of England Sees Growing Risk That Dangers From AI and Debt Will Materialize
The Bank of England on Wednesday warned of an increase in the risk that interconnected weaknesses in the financial system will crystallize, highlighting the re-escalation of the conflict in Iran and increased AI-related debt issuance. Rises in oil and gas …
Tooker to Succeed Swift as CEO of The Hartford
Insurance Journal | September 30, 2026
Tooker to Succeed Swift as CEO of The Hartford
The Hartford President A. Morris “Mo” Tooker is to succeed Christopher Swift as CEO in March 2027. Swift will transition to the role of executive chair of the board after nearly 13 years as CEO. Tooker will join the board, …
AIG’s Lexington Starts Financial Institutions Practice
Insurance Journal | September 30, 2026
AIG’s Lexington Starts Financial Institutions Practice
American International Group’s excess & surplus subsidiary Lexington Insurance has set up a dedicated financial institutions practice to support wholesale produced private company banks, asset managers, broker dealers, and others. Kevin Ware has been hired as head of financial institutions, …
Connecticut Weighs 4.9% Workers’ Comp Loss Cost Decrease for 2027
Insurance Journal | September 30, 2026
Connecticut Weighs 4.9% Workers’ Comp Loss Cost Decrease for 2027
Connecticut’s insurance regulator is weighing whether to approve a workers’ compensation industry proposal for an overall average decrease of 4.9% to the current voluntary loss costs and an average decrease of 5.8% to the current assigned risk rate level. If …
New Jersey Employers Should Prepare Now for Oct. 1 Independent Contractor Rule
Insurance Journal | September 30, 2026
New Jersey Employers Should Prepare Now for Oct. 1 Independent Contractor Rule
On May 5, 2026, the New Jersey Department of Labor and Workforce Development (NJDOL) adopted N.J.A.C. 12:11, a rule addressing the framework of the ABC test—the test for determining whether a worker has been properly classified as an employee under …