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Storms, wildfires and withdrawals: How E&S is filling the Texas insurance gap
Gordy Bunch (pictured), CEO of The Woodlands Financial Group (TWFG), told IB that a rise in catastrophic events including the 2025 California wildfires coupled with Hurricanes Milton, Helen, Beryl, multiple tornado derecho events, and increased frequency of severe convective storms, means that the Lone Star State will continue to see an expanded dependency on the…

Regulator warns of WhatsApp insurance scam
Consumers who unknowingly purchase the fraudulent policies not only lose their money, but may face serious consequences for driving without valid insurance, officials said. That includes vehicle registration revocation or impoundment by law enforcement. Source link

Insurance hires at Zurich US, Lockton and Global Aerospace
In his new role, Beresheim will focus on aligning leadership with evolving client needs, streamlining operations, and driving innovation across Lockton’s risk offerings. He has played a pivotal role in developing the firm’s specialty practices, with a focus on cyber & technology, transaction liability, and private equity. Source link

PERILS adds severe convective storm data in 2025 Exposure Database
The updated database encompasses insured property assets with a total value of US$108 trillion, spread across 67 market portfolios in 21 countries. The countries include major markets such as the United Kingdom, Germany, the United States, and Japan. For the first time, SCS-related exposures have been broken down to include both property and motor hull…

HDI taps Guidewire and EY for cloud-based policy system transformation
Kashif Syed, HGIC’s chief information and transformation officer, said that the cloud-based system allows the company to focus internal resources on functions that provide value to employees, brokers, and policyholders while Guidewire handles system maintenance and updates. Source link