Alabama Legislature targets coastal commercial insurance stability with adoption of HJR220

Additionally, Marsh has also announced that Andrew Herring will take on the role of global chair of energy & power, effective January 1, 2026. Herring, who joined Marsh in 2010, has led the UK energy & power team since 2012 and will continue to be based in London. Source link

Lloyd’s 2024 results Gross written premium for the year, meanwhile, rose to £55.5 billion, up from £52.1 billion in 2023, representing a 6.5% increase. The growth was driven primarily by an 8.5% rise in volume, including 7.6% from existing syndicates and 0.9% from new entrants. Source link

Gia Snape of Insurance Business sat down with Kareen Boyadjian (pictured), vice president of personal and healthcare cyber underwriting, to discuss emerging cyber risks for high-net-worth individuals and families, including social engineering, wire transfer, and artificial intelligence-driven threats, and how the cyber insurance market can evolve to address gaps in coverage.  Source link

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…

The survey, fielded in April 2025, underscores the growing mental health challenges faced by insurance employees, particularly in light of the ongoing pressures stemming from economic volatility, geopolitical tensions, extreme weather events and technological disruptions, like AI. Source link

Maine lawmakers are moving forward with a bill that could bring notable changes to how self-insurers manage workers’ compensation obligations in the state. Legislative Document 1195 (LD 1195), introduced on March 20, 2025, proposes to update several provisions of the Maine Workers’ Compensation Act of 1992. The bill is now before the Committee on Labor…