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This post is part of a series sponsored by Dyad. In today’s rapidly evolving digital landscape, customer experience is paramount across all industries, including insurance. While traditionally viewed as a transactional service, insurance compan...
Posted: Jul 26, 2024
New Survey Highlights Top States for Road Rage California, Missouri and Uta...
Posted: Jul 26, 2024
AM Best: No Relief for Homeowners Line Hit With $15.2B U/W Loss in 2023 The U.S. homeowner's insurance segm...
Posted: Jul 26, 2024
California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high value commercial coverage option with limits up to $20 million per building and other steps that he said …
Posted: Jul 26, 2024
Insurance Business Magazine - US
Posted: Jul 26, 2024
Insurance Business Magazine - US
Posted: Jul 26, 2024
Church Insurance Rates Skyrocket Due to Increased Disasters, High Rebuild Costs The Rev. John Parks was...
Posted: Jul 26, 2024
Three brokers – NFP, Clear Group, and Strategic Risk Group – each announced acquisitions during July. In reverse chronological order, the acquisitions are listed as follows: NFP, the New York-based insurance broker and Aon subsidiary, announced on Ju...
Posted: Jul 26, 2024
According to a recent poll from Reinsurance News, the re/insurance industry appears to be unsure in regards to how big of an impact the recent CrowdStrike IT global outage will have on the standalone cyber insurance market. For those who need a re...
Posted: Jul 26, 2024
USAA has announced that Jeff Wallace, the firm’s current Chief Financial Officer (CFO), will take on a new role as Chief Audit Executive. Brett Seybold, who is currently the Senior Vice President and Senior Financial Officer for USAA’s prope...
Posted: Jul 26, 2024
Trains to and from Paris, including the international Eurostar service, were hit by what authorities called a “massive attack aimed at paralyzing the network” of France’s super-fast trains just hours ahead of the inauguration ceremo...
Posted: Jul 26, 2024
$0.96 billion industry-wide loss experienced by US cyber insurance policyholders impacted by the CrowdStrike IT outage has been forecasted by cyber insurance provider Coalition, a low figure compared to the losses of natural catastrophe events tha...
Posted: Jul 26, 2024
Novocuff has raised $26 million in a Series A funding round.
Posted: Jul 26, 2024
Anthony Kuczinski, former CEO of Munich Re US, will join Hagerty's Board of Directors, effective July 9, 2024.
Posted: Jul 26, 2024
Hutchings will oversee the IT organization’s administration, daily operations, and strategic planning.
Posted: Jul 26, 2024
Flimp is a provider of employee benefits communications, educational content, texting, and decision-support tools.
Posted: Jul 26, 2024
Johnson & Johnson lost its bid in a federal appeals court to revive a plan to settle tens of thousands of talc cancer lawsuits by placing a subsidiary into bankruptcy. The ruling Thursday upheld a bankruptcy judge’s dismissal last year R...
Posted: Jul 26, 2024
ALKEME, a national insurance broker, has acquired Morris & Templeton in Savannah, Georgia, expanding ALKEME’s footprint in the Southeast. Morris & Templeton was founded in 1981, offering commercial and personal insurance coverage, inclu...
Posted: Jul 26, 2024
CHARLESTON, W.Va. (AP) — A West Virginia woman died Wednesday more than a week after an accident at a southern West Virginia coal mine, Gov. Jim Justice said. Ashley Cogar, 33, of Erbacon, was injured at the Wyco Surface Mine, …
Posted: Jul 26, 2024
Ivans, a division of Applied Systems, has released the results for the second quarter of 2024 from the Ivans Index, which showed that premium renewal rate change for all major commercial lines of business, except Workers’ Compensation, are up year...
Posted: Jul 26, 2024
Private Client Select Insurance Services (PCS) said it has entered into an agreement with Ryan Specialty on a distribution partnership. The independent managing general underwriter started by American Internal Group (AIG) and Stone Point Capital will...
Posted: Jul 26, 2024
Cincinnati Financial Corporation has announced its financial results for the second quarter of 2024 reporting a net income of $312mn, 42% lower when compared to the $534mn reported in the same period last year. The $222mn decrease in Q2 2024 net i...
Posted: Jul 26, 2024
Aon reported net income attributable to shareholders of $524 million during the second quarter, a 6% decrease from $560 million in Q2 2023. Adjusted net income attributable to Aon shareholders increased 9% during Q2 2024 to $624 million, compared to...
Posted: Jul 26, 2024
A massive wildfire in Northern California has destroyed an undetermined number of buildings and is threatening thousands or properties, prompting thousands of evacuations orders, as it continued to rage on Friday morning. The Park fire, which became...
Posted: Jul 26, 2024
While property reinsurance renewals experienced modest price declines at the mid-year renewals, casualty classes saw the greatest renewal premium increases, which could keep advancing, broker Gallagher has observed. Talking about the reinsurance m...
Posted: Jul 26, 2024
The latest people news in the industry today. The post Toby Smith Joins Mosaic Insurance as Americas CEO appeared first on
Posted: Jul 26, 2024
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported that premiums, which include the reinsurance and global risks businesses, increased by 5.5%, reaching over €4.3 billion, in the first half of 2024. Of the €4.3 bil...
Posted: Jul 26, 2024
Major freight railroads are rushing railcar inspections, reinforcing known safety concerns raised by unions for years, but at a House hearing Tuesday they’ll present new evidence from federal inspectors that railcar checks are routinely less th...
Posted: Jul 26, 2024
As the U.S. homeowner’s insurance segment experiences its worst underwriting results since at least 2000, rating agency AM Best has cited the continued shift in population towards catastrophe prone regions of the US, as being a key driver to...
Posted: Jul 26, 2024
NEW ORLEANS (AP) — Proponents of a nearly $3 billion project to restore part of southeast Louisiana’s rapidly vanishing coastline released a study Tuesday touting the expected economic benefits of its construction, even as the project faces pus...
Posted: Jul 26, 2024
Private Client Select Insurance Services LLC (PCS), an independent Managing General Underwriter mainly owned by American International Group, Inc. (AIG) and Stone Point Capital LLC, has revealed a new partnership with Ryan Specialty. In this partn...
Posted: Jul 26, 2024
A police investigation into the crash and explosion that killed two people in a high-powered luxury car at a Niagara Falls border crossing last year has concluded with the crash’s cause still a mystery, authorities said. The probe into the R...
Posted: Jul 26, 2024
A manufacturing flaw led to a turbine blade failure at the Vineyard Wind offshore project off the coast of Massachusetts this month, the part’s producer, GE Vernova, said on Wednesday. The turbine blade broke on July 13 and left potentially ...
Posted: Jul 26, 2024