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Study: Risk Perception Drops After Hurricanes

Carrier Management

Study: Risk Perception Drops After Hurricanes As time passes after...

Posted: Apr 12, 2024

Nationwide partners with EnforcerOne

coverager

Nationwide's agriculture insurance customers can now receive a 20% discount on a variety of EnforcerOne and FIREBULL products. 

Posted: Apr 12, 2024

People Moves: RT Specialty Promotes Murrey to President of Commercial Lines Binding Authority

Insurance Journal

RT Specialty, the wholesale distribution division of Ryan Specialty, headquartered in Chicago, promoted Jason Murrey to president of commercial lines binding authority. Murrey joined RT Specialty in 2017 through the acquisition of N-Surance Outlets w...

Posted: Apr 12, 2024

Lawyers Want Ohio Residents to Wait for Details of $600M Derailment Settlement

Insurance Journal

The lawyers who negotiated a $600 million settlement with Norfolk Southern over that railroad’s disastrous 2023 derailment in Ohio want residents to talk with them before deciding the historic deal isn’t enough. They said Wednesday that t...

Posted: Apr 12, 2024

Litigation Causing Increased Construction Liability Claims and Challenges

Risk & Insurance

RT Specialty Environmental and Construction Practice releases 2024 report on liability insurance market conditions. The post

Posted: Apr 12, 2024

R&Q to Sell Stake in Obra Joint Venture for $30M, Expects “Significant Pre-Tax Loss”

Insurance Journal

R&Q Insurance Holdings, (R&Q) the Bermuda-based non-life speciality insurer that focuses on program management and legacy insurance business, announced it has agreed to sell its stake in a joint venture with Obra Capital for $30 million. At t...

Posted: Apr 12, 2024

Storms Bring Floods and Damaging Wind Across the South

Insurance Journal

SLIDELL, La. (AP) — Severe storms blamed for a death in Mississippi spawned a tornado that demolished buildings in one Louisiana city Wednesday while inundating streets in low-lying New Orleans with hours of steady rain that snarled traffic and strai...

Posted: Apr 12, 2024

DeSantis Signs Bill Barring Local Worker Heat Protection Measures

Insurance Journal

Florida Gov. Ron DeSantis this week signed into law a prohibition on local governments requiring worker protections from heat exposure, a law that could potentially lead to more workers’ compensation claims from stricken laborers. At the same t...

Posted: Apr 12, 2024

Oklahoma Sues Natural Gas Companies Over Price Spikes During Winter Storm Uri

Insurance Journal

OKLAHOMA CITY (AP) — Two Texas-based natural gas companies are being sued by Oklahoma, which alleges they fraudulently reduced gas supplies to send prices soaring during Winter Storm Uri, making huge profits while thousands shivered across the state....

Posted: Apr 12, 2024

Ford Recall of 43,000 SUVs Due to Fire Risk Won’t Remedy Gas Leaks

Carrier Management

Ford Recall of 43,000 SUVs Due to Fire Risk Won’t Remedy Gas Leaks Ford is recalling nearly 43,000 smal...

Posted: Apr 12, 2024

La Nina 60% Likely to Develop Between June-August

Carrier Management

La Nina 60% Likely to Develop Between June-August A U.S. government weather forecaster expects an about 60 perce...

Posted: Apr 12, 2024

Georgia Regulator Bars Home Warranty Company for Failing to Secure Bond

Insurance Journal

A home warranty firm is now prohibited from doing business in Georgia after a cease-and-desist order was issued, the state insurance commissioner announced. Choice Home Warranty did not secure a $100,000 surety bond as required by law, despite warnin...

Posted: Apr 12, 2024

USAA to Lay Off 220 Employees

Insurance Journal

USAA is laying off 220 employees in an effort to reprioritize positions amid changing business needs, the San Antonio-based insurer announced this week. This is the latest round of layoffs at USAA, which let go of nearly 1,000 employees in …

Posted: Apr 12, 2024

Amy Bowman Promoted to Head of Multinational at Berkshire Hathaway Specialty Insurance

Risk & Insurance

The latest hiring announcement in the industry today. The post Amy Bowman Promoted to Head of Mul...

Posted: Apr 12, 2024

Jason Murrey Promoted to President of Commercial Lines Binding Authority at RT Specialty

Risk & Insurance

The latest people news in the industry today. The post Jason Murrey Promoted to President of Com...

Posted: Apr 12, 2024

Florida Peninsula Insurance announces 2% reduction in homeowners premiums

Reinsurance News

Florida Peninsula Insurance Company has announced a 2% statewide decrease in homeowners insurance premiums. This reduction is partly due to recent legislative changes and the diligent efforts of the analyst team at Florida Peninsula Insurance, who...

Posted: Apr 12, 2024

Aon completes blockchain pilot

coverager

Aon has been developing innovative solutions and products with the overarching goal of promoting safety and trust to help foster institutional adoption of Web3.

Posted: Apr 12, 2024

MetLife Pet Insurance partners with the Association of Animal Welfare Advancement

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This Collaboration will focus on producing podcasts, blog posts, newsletters and other content.

Posted: Apr 12, 2024

AXIS Canada appoints Ludwig Nagata to lead expansion into Environmental Impairment Liability

coverager

The expansion into EIL in Canada is supported by the existing Environmental team that is well established within AXIS in the US.

Posted: Apr 12, 2024

Progressive reports 84.3% CR for March

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Nationwide's agriculture insurance customers can now receive a 20% discount on a variety of EnforcerOne and FIREBULL products. 

Posted: Apr 12, 2024

Dane Lopes Appointed as Head of U.S. Partnership Engagement & Strategy at Ascot Group

Risk & Insurance

The latest people news in the industry today. The post Dane Lopes Appointed as Head of U.S. Partnershi...

Posted: Apr 12, 2024

Travelers Survey: Distracted Drivers Making US Roads More Dangerous

Insurance Journal

Nearly 80% of respondents to a recent Travelers survey said inattentive driving is more of a problem now than it has been in past years. Travelers noted the pandemic triggered a new wave of dangerous habits. The 2024 Travelers Risk …

Posted: Apr 12, 2024

SC’s Top Officer: No Details on 2012 Hack That Forced $12M in Cyber Insurance

Insurance Journal

COLUMBIA, S.C. (AP) — Twelve years after a hacker stole personal data from more than 3.6 million people in South Carolina by obtaining Social Security numbers and credit card information from tax returns, the state’s top police officer said Wed...

Posted: Apr 12, 2024

SCS April events to drive economic & insured losses into the hundreds of millions or higher: Aon

Reinsurance News

The recent strong winds and severe convective storms that struck the central and southern United States between April 6-11, are estimated to drive economic and insured losses into the hundreds of millions or higher, USD, according to Aon’s w...

Posted: Apr 12, 2024

US Senate Committee to Hold Hearing on Boeing Safety Culture Report

Insurance Journal

The U.S. Senate Commerce Committee said it would hold a hearing next week with members of an expert panel that released a report in February criticizing Boeing’s safety culture and calling for significant improvements. The hearing next Wednesda...

Posted: Apr 12, 2024

Malcolm Roberts Named Chair of FM Global Board of Directors

Risk & Insurance

The latest people news in the industry today. The post Malcolm Roberts Named Chair of FM Global Board of Directors appear...

Posted: Apr 12, 2024

Progress Reported in Salvage Operations at Baltimore Bridge Site

Insurance Journal

Salvors continue to remove containers from the cargo ship Dali and clear wreckage at the Francis Scott Key Bridge incident site, according to the Unified Command, the group of U.S. Army, Coast Guard and federal, state and local transportation, energy...

Posted: Apr 12, 2024

Progressive Records Five-Fold Increase in Q1 Net Income

Insurance Journal

Progressive Corp. today reported strong first quarter 2024 results with net income of $2.3 billion and a combined ratio of 86.1 Last year, net income for the first three months at the Mayfield Village, Ohio-based insurer was $447.9 million and &#8230...

Posted: Apr 12, 2024

Investigators Focus on Electrical System of Ship That Hit Baltimore Bridge

Insurance Journal

During the initial stages of a federal probe into the deadly collapse of Baltimore’s Francis Scott Key Bridge, investigators are focusing on the electrical power system of the massive container ship that veered off course. Jennifer Homendy, cha...

Posted: Apr 12, 2024

R&Q announces sale of interest in Joint Venture and update on Accredited sale

Reinsurance News

R&Q Insurance Holdings (R&Q) has announced it has agreed to sell all the interests held by R&Q and its affiliates in the Joint Venture between Obra and R&Q, Sag Main, to Obra Capital, Inc. The non-life specialty insurer has also pr...

Posted: Apr 12, 2024

NHTSA Opens Investigation Into Recall of Certain Ford SUVs Over Fuel Leaks

Insurance Journal

The National Highway Traffic Safety Administration (NHTSA) said on Friday it was opening an investigation into the recall of 42,652 Ford SUVs over concerns of a fuel leak that could lead to fire hazards. The NHTSA’s recall query, or a …

Posted: Apr 12, 2024

Verita adds Barry and Adolph to Claims leadership team

Reinsurance News

Verita, a Managing General Underwriting (MGU) company, is strengthening its Claims team with the appointments of William (Bill) Barry as Chief Claim Manager and Chris Adolph Head of Property Claims. Barry brings more than three decades of experien...

Posted: Apr 12, 2024