Heavy rainfall has unleashed deadly floods across Southeast Asia, damaging crops and stranding tourists, with more downpours expected into early next week. Flooding in southern Thailand has killed at least 13 people and swamped around 800,000 households and rubber- and palm oil-producing areas. In Peninsular Malaysia, more than 16,000 people have been displaced, while floods … Read more
Farmers Insurance announced it will eliminate the cap on the number of homeowners insurance policies it offers in California. The move is part of a new filing, and the cap removal is effective immediately, made in anticipation of an improved homeowners insurance market in California, according to the carrier. Farmers homeowners offerings had been capped … Read more
This post is part of a series sponsored by IAT Insurance Group. In this episode of IAT Insurance Group’s What’s Brewing Podcast, IAT Loss Control Specialist Dewayne R. and Claims Analyst Mark H. join host Nicole K. to discuss the growing role of cameras and telematics in trucking. They explore how technology is transforming accident … Read more
If heat-trapping pollution from burning coal, oil and gas continues unchecked, thousands of hazardous sites across the United States risk being flooded from sea level rise by the turn of the century, posing serious health risks to nearby communities, according to a new study. Researchers identified 5,500 sites that store, emit or handle sewage, trash, … Read more
Tokio Marine Holdings, Inc. announced that it has signed a definitive agreement to acquire Commodity & Ingredient Hedging (“CIH”), a leading provider of risk management solutions for the agricultural and commodity sectors, from Falfurrias Capital Partners (“Falfurrias”). The transaction is expected to close during the first quarter of calendar year 2026, subject to customary regulatory … Read more
The Oklahoma Insurance Department (OID) recently announced the reopening of previously designated zip codes for the pilot launch of the Strengthen Oklahoma Homes (SOH) Program, an initiative aimed at helping Oklahoma homeowners fortify their residences to resist storm, wind, and hail damage. Looking ahead, OID also confirms the program will scale to a full statewide … Read more
This edition of International People Moves details appointments at Tokio Marine Kiln and Hampden Risk Partners. A summary of these new hires follows here. Tokio Marine Kiln Taps Beresford From CNA Hardy as Life Sciences U/W Tokio Marine Kiln (TMK), an international specialist Lloyd’s insurer, announced the appointment of Adele Beresford as an underwriter within … Read more
Skyward Specialty Insurance Group Inc., headquartered in Houston, Texas, promoted John Burkhart to president, U.S. property & casualty, Skyward Specialty Insurance. In this expanded role, Burkhart will assume oversight of the Company’s captives & specialty programs divisions in addition to his current responsibilities for professional lines, industry solutions, surety, accident & health, and transactional E&S. … Read more
Another fire ignited on Thursday at Novelis’ aluminum plant in Oswego, New York, that supplies Ford’s lucrative F-150 truck line, about two months after a blaze halted much of the facility’s production. Ford in October cut its profit forecast, citing a gross hit of up to $2 billion from the incident. The Dearborn, Michigan, automaker … Read more
State Farm Mutual Automobile Insurance Co. submitted a rate filing to reduce personal auto insurance rates by 6.2%. The filing has a targeted effective date of Feb. 23, 2026, and is pending approval from the California Department of Insurance. State Farm said recent trends involving less costly physical damage claims are what enabled the carrier … Read more