All Posts
Insurance Business Magazine - US
Posted: Dec 20, 2024
Insurance Business Magazine - US
Posted: Dec 20, 2024
Insurance Business Magazine - US
Posted: Dec 20, 2024
Posted: Dec 20, 2024
has announced plans to acquire , an AI-driven platform for disability and injury claims management. The deal – expected to close in Q1 2025 – is valued at $730 million,...
Posted: Dec 20, 2024
Montana’s Supreme Court upheld a landmark climate ruling that said the state was violating residents’ constitutional right to a clean environment by permitting oil, gas and coal projects without regard for global warming. The justices, in...
Posted: Dec 20, 2024
Insurance Business Magazine - US
Posted: Dec 20, 2024
Insurance Business Magazine - US
Posted: Dec 20, 2024
Auto Insurer Files $450M Fraud RICO Case in NY Commercial automobile li...
Posted: Dec 20, 2024
AI Scams, Emerging New Threats Among McAfee’s 2025 Cybersecur...
Posted: Dec 20, 2024
Posted: Dec 20, 2024
The U.S. Department of Labor obtained a consent judgment and order in the U.S. District Court for the Northern District of Illinois on Dec. 2, 2024, that requires D’Nuez Corp. and owners Antonio Rendon and Albino Rendon – operators of ...
Posted: Dec 20, 2024
The reinsurance industry should expect to see fairly stable conditions at the upcoming January 1st reinsurance renewals, with property catastrophe reinsurance pricing anticipated to be somewhere close to flat due to losses from recent hurricanes H...
Posted: Dec 20, 2024
Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing by 57% during the past decade and nuclear verdicts rising in frequency, said Swiss Re, pointing to jury awards above …
Posted: Dec 20, 2024
Despite some near-term uncertainties surrounding tax regulations, Keefe, Bruyette & Woods analysts remain optimistic about the Bermuda reinsurance market and maintain their outperform ratings on several leading reinsurers. This conclusion was...
Posted: Dec 20, 2024
Congress’ Funding Deal Includes More Than $100B in Disaster Aid Congressional leaders have unveiled a s...
Posted: Dec 20, 2024
Tesla said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system (TPMS). The TPMS warning light may not remain illuminated between drive cycles, failing to warn the driver of …
Posted: Dec 20, 2024
Liberty Mutual Holding Co. is considering a sale of its businesses in Thailand and Vietnam as the US insurer seeks to streamline its operations, according to people familiar with the matter. Liberty Mutual is working with a financial adviser on ̷...
Posted: Dec 20, 2024
It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo...
Posted: Dec 20, 2024
The Cleveland Clinic, a health care system with hospitals and clinics around the world, said it plans to build a 150-bed hospital in the Palm Beach area and will quadruple the size of an outpatient clinic there. Cleveland has operated …
Posted: Dec 20, 2024
The US Federal Reserve Board has announced seven appointments to its Insurance Policy Advisory Committee (IPAC), consisting of three new faces alongside four returning members. The new appointments include Jonathan Kelly, Partner at Sidley Austin;...
Posted: Dec 20, 2024
Insurance Business Magazine - US
Posted: Dec 20, 2024
Insurance Business Magazine - US
Posted: Dec 20, 2024
Insurance Business Magazine - US
Posted: Dec 20, 2024
Post-election protests rocking Mozambique since late October have interrupted trade and hampered a major aluminum smelter, with the southeast African nation braced for more disruption next week. The Constitutional Council is set to validate the dispu...
Posted: Dec 20, 2024
In his movies, Sylvester Stallone has taken on drug cartels, Soviet troops and boxer Apollo Creed. But in real life, he had to beat a retreat against the Palm Beach Town Council. The movie star appeared Thursday before the council …
Posted: Dec 20, 2024
A computer scientist who falsely claims to be the inventor of Bitcoin was handed a suspended prison termafter being found in contemptof court by a London judge after a stinging lawsuit loss. The Cryptocurrency Open Patent Alliance, a nonprofit crypto...
Posted: Dec 20, 2024
Years of toxic waste dumping in a Jersey Shore community where childhood cancer rates rose caused at least $1 billion in damage to natural resources, according to an environmental group trying to overturn a settlement between New Jersey and the ̷...
Posted: Dec 20, 2024
Cyclone Chido, which struck several countries in Southeast Africa between December 13-16, is estimated to cause insured losses between €650 million and €800 million, according to French public reinsurer Caisse Centrale de Réassurance (CCR). The cy...
Posted: Dec 20, 2024
BMS Group, an independent specialist insurance and reinsurance broker, has completed the acquisition of UK-based insurance broker David Roberts & Partners (DR&P). Initially announced in July 2024, BMS Group has acquired DR&P from Europ...
Posted: Dec 20, 2024
Westchester, a Chubb Company and Chubb’s excess and surplus lines division, named Nick Gatt, previously chief operating officer (COO) for Westchester Programs, as head of Westchester Programs. Gatt will oversee strategy, underwriting and profit...
Posted: Dec 20, 2024
The US commercial property insurance market is showing signs of improvement, with stable growth expected despite challenges such as climate change and inflation, according to the Insurance Information Institute (Triple-I). Triple-I highlighted tha...
Posted: Dec 20, 2024
Global insurtech bolttech has revealed a new $100 million Series C funding round, led by Dragon Fund, alongside Baillie Gifford and Generali. According to bolttech, the strategic support of these investors will empower the company to enhance its p...
Posted: Dec 20, 2024
CatX, the digital marketplace that connects re/insurers and brokers with alternative capital, has adopted catastrophe risk analytics from the Extreme Event Solutions group at Verisk, a global data analytics and technology provider. New insurance i...
Posted: Dec 20, 2024
Pension Insurance Corporation (PIC), the specialist insurer of defined benefit pension schemes, has concluded its first full scheme buy-in with Mosaic. Mosaic is PIC’s streamlined service for pension schemes with assets under £100 million. A...
Posted: Dec 20, 2024
Insurance and reinsurance broking group Gallagher has announced the appointment of Hassan Ashtari as Chief Client Officer for its Middle East and Africa specialty and facultative reinsurance operations. This newly created role reflects Gallagher’s...
Posted: Dec 20, 2024
MAPTYCS, a provider of advanced geospatial analytics solutions for the insurance sector, has announced the appointment of Daniel Grimwood-Bird as its Chief Revenue Officer. In this role, Grimwood-Bird will spearhead the company’s sales and marketi...
Posted: Dec 20, 2024