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Iran Warns Strait of Hormuz Is a ‘Red Line’ and Will Resist Until the End
Iran said on Thursday that the Strait of Hormuz was an inviolable “red line,” warning that if U.S. President Donald Trump carried out his threat to attack Iran’s infrastructure, it would strike all infrastructure across the Gulf region. The U.S. …
POSTED JULY 16, 2026 10:04 AM |
People Moves: MEMIC Expands Northeast Underwriting Team with New Hire Rutledge
The MEMIC Group, headquartered in Portland, Maine, hired Sean Rutledge to its Northeast underwriting team as a production underwriter. Based in Massachusetts, Rutledge will partner with agents and employers across Massachusetts, Rhode Island and Connecticut, specializing in small business accounts. …
POSTED JULY 16, 2026 10:00 AM |
India Bars Seafarers From Hormuz Voyages After Attacks
India has directed ship owners, ship managers and recruitment agencies to stop deploying the country’s seafarers on vessels going through the Strait of Hormuz following an upsurge in attacks. Among precautions, there should be no deployment of Indian crew members …
POSTED JULY 16, 2026 9:37 AM |
People Moves: Canopius Appoints Moore US CEO; Sogliuzzo Hired to Head Howden Re North America Marine, Energy; ACORD Solutions Announces New Board of Directors
Canopius Appoints Moore US CEO Canopius Group, headquartered in Chicago, Illinois, appointed Nadine Moore as CEO of its U.S. business. Based in Chicago, Moore will lead Canopius’ U.S. operations across both its retail and wholesale businesses. Moore will assume leadership …
POSTED JULY 16, 2026 6:11 AM |
Farmers Looks to Make it Easier for Consumers to Understand Insurance
Farmers Insurance has launched a new initiative designed to make insurance easier to understand and more transparent for consumers. Farmers said the enterprise-wide effort reflects its continuing commitment to helping consumers better understand their options so they can make more …
POSTED JULY 16, 2026 5:41 AM |
Cover Genius Raises $100M in Capital From Vista Credit Partners
Cover Genius, the insurtech for embedded insurance, said on July 15 it raised $100 million in capital, backed by Vista Credit Partners, a subsidiary of Vista Equity Partners. The raise ups the business to a $1.9 billion valuation, said Cover …
POSTED JULY 16, 2026 5:11 AM |
Progressive Q2 2026 Net Income Up 4%
Second quarter 2026 net income at Progressive Corp. increased 4% compared to the same period a year ago to about $3.3 billion. Progressive reports results monthly. Net income for June was down 31% to about $779 million. The Mayfield Village, …
POSTED JULY 16, 2026 5:07 AM |
Florida Regulators Mulling New Rules on Market Conduct Exams, Reporting
Florida regulators are considering three rule changes, one on how market-conduct examinations are triggered, one on an expanded claims-dispute mediation system, and one that would require certain quarterly reports even when the insurer has not engaged in the type of …
POSTED JULY 16, 2026 5:02 AM |
New Jersey Insurance Agents Not Exempt From Consumer Fraud Act: State’s High Court
The New Jersey Supreme Court has ruled unanimously that insurance brokers, producers, and agents are not exempt from liability under the state’s Consumer Fraud Act (CFA). The court found that “extending the learned professional exception to insurance brokers would unduly …
POSTED JULY 16, 2026 5:00 AM |
Risk Theory Launches Jupiter Platinum Home E&S Product in California
Risk Theory Insurance Services launched Jupiter Platinum Home, a primary excess and surplus product for high-net-worth homeowners in California. The program, with capacity from Amherst Specialty Insurance, is built for homes with a $750,000 dwelling limit up to $25 million …
POSTED JULY 16, 2026 5:00 AM |
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