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Latest Articles
Shared grid connections concentrate battery insurance risk
2+ hour, 51+ min ago (485+ words) Shared grid connections at co-located solar-plus-storage sites are concentrating insured revenue into a growing risk for BESS insurers, said Olly Litterick, head of renewables at TMGX, a green transformation underwriting business that Japan’s Tokio Marine group launched in 2025. Such projects…...
Carraway v. Government Employees Insurance Company: Court Dismisses FCRA Claims but Allows Defamation Suit
4+ hour, 4+ min ago (1523+ words) ACA International is governed by a Council of Delegates, consisting of representatives from each regional Unit and each Division of membership, and Board of Directors, chosen by the Council of Delegates. The Board of Directors empowers and oversees a variety…...
Missing billing proof stalls medical benefits in mold claim: Judge
2+ hour, 5+ min ago (187+ words) A Tennessee workers compensation judge on Wednesday denied immediate payment of medical bills in a municipal employee’s mold exposure claim despite finding sufficient evidence that she would likely prevail at trial. An environmental consultant found moisture damage and multiple types…...
Parametrics firm hires former Allianz cyber leader
2+ hour, 22+ min ago (80+ words) businessinsurance.com Parametrix, a provider of parametric insurance coverage for digital infrastructure and technology risks, Thursday named former Allianz executive Tresa Stephens as head of U.S. underwriting. Ms. Stephens will lead U.S. underwriting and support product strategy and development, the New York-based…...
AXA XL launches dedicated E&S insurance company
4+ hour, 42+ min ago (314+ words) AXA XL has launched the AXA XL Excess & Surplus Lines Insurance Company (AXA XL E&S) dedicated to serving wholesale brokers. The entity will operate alongside AXA XL’s existing companies and participate in the same AXA XL pool as the Indian…...
Applied's new CEO says standalone tools are a dead end - and he is betting billions to prove it
6+ hour, 44+ min ago (892+ words) The following article was written in association with Applied Systems. Graham Blackwell (pictured) had been CEO of Applied Systems for a matter of weeks when he stood on stage at AppliedNet 2026 in Washington DC and made a statement that will…...
Court dismisses intentional-tort claims in propane explosion
2+ hour, 46+ min ago (183+ words) A Louisiana appeals court on Wednesday dismissed intentional-tort claims against an energy company over a propane explosion after the plaintiffs acknowledged they no longer wished to pursue those claims against the facility owner. The facility was owned by XTO Energy…...
ICC, Axa cut ties amid Trump campaign against court
2+ hour, 45+ min ago (277+ words) (Reuters) – The International Criminal Court has ended its contract with French insurer Axa starting Oct. 1 and will now be using a new health insurance provider, a spokesperson for the Hague-based court said. The spokesperson gave no reason for the decision,…...
Insurtech firm sells another Michigan benefits agency as divestiture strategy continues
8+ hour, 3+ min ago (201+ words) The Altruis sale follows two earlier transactions: the September 11 sale of Southwestern Montana Insurance Center for $2.625 million, and the December 2025 sale of Employee Benefits Solutions and US Benefits Alliance, two Michigan benefits subsidiaries whose terms were not disclosed. The buyer…...
USI launches property facility
2+ hour, 56+ min ago (116+ words) USI Insurance Services on Thursday launched a commercial property facility offering up to $50 million in capacity when combined with the brokerage’s existing excess property facility. The Flex Property Facility is available nationwide and can include flood, earthquake, named storm, equipment…...