Insurance Journal News Feed

Insurance Journal news feed

1. Arson Suspect Timed Spokane, Washington, Fire for High Wind Day

   The 37-year old man suspected of starting one of the fires burning around Spokane, Washington told a detective that he planned the arson attack for Sunday to coincide with a “high winds” day, according to court documents. That blaze was …

2. AIG’s General Insurance Q2 Underwriting Income Up 10%

   Second quarter 2026 underwriting income in American International Group’s (AIG) General Insurance segment increased nearly 10% compared with the prior year, to $686 million. Insurance financial results for Q2 included catastrophe losses of $210 million, and increase over the $170 …

3. Munich Re Posts Better-Than-Expected Profit Amid Low Loss Claims

   German reinsurer Munich Re on Friday posted a 6% rise in net profit in the second quarter, defying expectations for a drop and lifted by low major loss claims. Net profit in the quarter of €2.211 billion ($2.55 billion) compares …

4. AXA XL to Acquire Corporate Intelligence and Cybersecurity Consultancy, S-RM

   AXA XL announced it has entered into an agreement to acquire S-RM, the London-based specialist corporate intelligence and cybersecurity consultancy — raising its shareholding from approximately 49% to 100% ownership. Financial details of the deal, which is expected to close …

5. Proposed Hormuz Passage Deal Not Feasible for Shipping Industry, Sources Say

   A proposed deal between Iran and Oman that would give Tehran control over ships entering the Gulf through the Strait of Hormuz is not easily workable due to U.S. sanctions and restrictive insurance clauses on any payments, four industry sources …