insurance-journal – Page 9 – Ben Few & Company, Inc.

Insurance Journal | July 31, 2025

Broker WTW Beats Q2 Profit Estimates on Robust Product Demand

Willis Towers Watson beat Wall Street estimates for second-quarter profit on Thursday, driven by a strong performance in its risk and brokerage business. Despite rising premium costs, businesses increased spending on insurance products as they prioritized financial protection in response …

Insurance Journal | July 30, 2025

Verisk’s $2.35B Buy of AccuLynx ‘Natural Fit’ for Claims Management Solutions

Insurance data analytics and technology firm Verisk said it has an agreement in place to acquire AccuLynx, a software-as-a-service platform designed for residential roofing contractors, for $2.35 billion. Verisk said in a July 30 announcement that both companies play key …

Insurance Journal | July 30, 2025

Cotality Estimates $1.1B in Damage to Residential Buildings from Central Texas Floods

Cotality estimates that the recent Central Texas flash floods caused $1.1 billion in damage to residential buildings, with the National Flood Insurance Program providing as much as $135 million in insurance recoveries to home and business owners across the impacted …

Insurance Journal | July 30, 2025

People Moves: LSM Hires Nelson, Ciraci and Prout to Boost Renewables Offering; BMS Promotes Wookey to Managing Director, Bermuda Product Line Development

This edition of International People Moves details appointments at Liberty Specialty Markets and the broker BMS. A summary of these new hires follows here. Liberty Specialty Hires Nelson, Ciraci and Prout to Boost Renewables Offering Liberty Specialty Markets (LSM), part …

Insurance Journal | July 30, 2025

Two Georgia Men Denied Bond After Charged With Large Cache of Homemade Bombs

Two Georgia men, denied bond, are in jail awaiting court action after they were charged with possessing a large amount of homemade explosive devices. The Georgia Office of Insurance Commissioner and State Fire Marshal’s Office, along with the Floyd County …

Insurance Journal | July 30, 2025

South African State Insurer Builds $1.1 Billion Riot Buffer

South Africa’s state-owned risk insurer, which the government bailed out so it could meet claims stemming from riots four years ago, has built up a 20 billion-rand ($1.1 billion) buffer to safeguard its finances in the event of anticipated future …

Insurance Journal | July 30, 2025

Huge Quake Rocks Russia’s Far East, Triggering Tsunami Warnings Around Pacific

A very powerful magnitude 8.8 earthquake off Russia’s Far Eastern Kamchatka coast on Wednesday triggered tsunami warnings as far away as French Polynesia and Chile, and was followed by an eruption of the most active volcano on the peninsula. The …

Insurance Journal | July 30, 2025

Brown & Brown’s Profit Climbs on Fee and Commission Growth

Brown & Brown (BRO.N) posted a rise in second-quarter profit on Monday as the insurance broker benefited from higher commissions and fees driven by growing demand. Insurance spending has continued to grow, even as businesses and individuals pull back in …

Insurance Journal | July 30, 2025

Derechos: An Uncommon And Destructive Weather Event

Prolonged wind events that unleash heavy rainfall and travel far distances sometimes qualify as derechos. Derechos can happen almost anywhere in the United States but are most common in the central and eastern regions of the country. Winds typically gust …

Insurance Journal | July 30, 2025

Palo Alto Networks Reaches $25 Billion Deal for CyberArk

Palo Alto Networks Inc. agreed to buy CyberArk Software Ltd. in a cash-and-stock deal valuing the Israeli cybersecurity company at about $25 billion. Palo Alto will pay CyberArk investors $45 per share and 2.2005 shares of Palo Alto stock, according …