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Posted: Oct 22, 2024
Allianz Trade in Asia Pacific has named Harry Edwards as ASEAN Commercial Director effective October 21st, 2024, based in Singapore. He replaces Céline Peredy, who is now Strategic Account Director for Allianz Trade for Multinationals. In his new...
Posted: Oct 22, 2024
The US Securities and Exchange Commission’s examiners will step up scrutiny of financial firms’ use of artificial intelligence next year, the latest sign of regulators’ growing concerns about the emerging technologies. Investment ad...
Posted: Oct 22, 2024
State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%. According to insurance industry ratings firm AM Best, the policy counts of personal and commercial property Fair Ac...
Posted: Oct 22, 2024
Third quarter 2024 net income at W.R. Berkley Corp. increased to about $365.6 million compared to $333.6 million the same period the prior year on underwriting and investments. Net income was a record for the third quarter, the company said. …
Posted: Oct 22, 2024
Weeks after a chemical warehouse fire in Rockdale County, Georgia, released plumes of toxic smoke, nearby residents can now leave their homes at night after officials lifted a shelter in place order. For the lab’s owner and investors, the troub...
Posted: Oct 22, 2024
A federal appeals court has underscored the high bar that expert witnesses must meet before a court can connect the dots between exposure and illness, a ruling that could have an impact on insurance claims and toxic tort litigation. In …
Posted: Oct 22, 2024
Almost two weeks after Hurricane Milton made landfall near Sarasota, Florida, as a Category 3 storm, claims and loss totals continue to rise. As of Oct. 21, the Florida Office of Insurance Regulation said carriers had reported more than 221,582 ̷...
Posted: Oct 22, 2024
Starr Insurance reported that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte. Ltd., Korea branch, a license to operate in Seoul and begin selling commercial property/casualty insurance thro...
Posted: Oct 22, 2024
Hilcorp Energy Co., the privately held oil producer run by billionaire Jeff Hildebrand, will pay a $9.4 million civil penalty for failing to reduce emissions of methane and volatile gases in New Mexico. It’s the first settlement to address viol...
Posted: Oct 22, 2024
INSHUR, a global embedded insurance provider, has raised $19 million in its latest funding round to continue to strengthen market position across the US and Europe, bringing total funding to $78.5 million since 2019. The round was led by Viola Gro...
Posted: Oct 22, 2024
Nearly $75 million in federal grant funds over the next five years will be aimed at helping Alaska Native communities as they grapple with the impacts of climate change. The Alaska Native Tribal Health Consortium is receiving the grant as …
Posted: Oct 22, 2024
A New York town’s highway superintendent is not protected from liability for a collision with another vehicle because he was not actually engaged in work on a highway at the time of the accident, New York’s highest court recently ruled, &...
Posted: Oct 22, 2024
California’s 2025 minimum and maximum temporary total disability rates will increase on Jan. 1, 2025, the Division of Workers’ Compensation announced. The minimum TTD rate will increase from $242.86 to $252.03, and the maximum TTD rate wi...
Posted: Oct 22, 2024
The Vessel, a towering, honeycomb-like sculpture in Manhattan that was popular with tourists before a series of suicides forced its closure in 2021, will reopen Monday with new safety features. The 150-foot (46-meter) structure opened in 2019 as the...
Posted: Oct 22, 2024
McKinsey to Pay at Least $500 Million in DOJ Opioid Probe McKinsey & Co. is nearing a deal wit...
Posted: Oct 21, 2024
Five Ways Technology Can Help Mid-Sized Carriers Reduce Costs From Our Partners sradomski...
Posted: Oct 21, 2024
Streamlined onboarding and advanced driver/passenger classification algorithms drive telematics program engagement and adoption October 21, 2024, Cambridge, MA — Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, toda...
Posted: Oct 21, 2024
U.S. Grants Nearly $2B to Harden Power Grid Against Extreme Weather The U.S. on Friday annou...
Posted: Oct 21, 2024
Business Leaders Rushing AI Adoption Raise Concerns Over Literacy, Et...
Posted: Oct 21, 2024
Chronic pain affects 51.6 million adults. By understanding how this pain intersects with a worker’s daily life, employers can uncover strategies for wellbeing and success. The post
Posted: Oct 21, 2024
Posted: Oct 21, 2024
Beyond risk transfer, cyber insurance providers must better communicate value-added services and engage key decision-makers to enhance cyber resilience, concludes a QBE Zywave report. The post
Posted: Oct 21, 2024
William Berg, an insurance producer and former financial advisor from Waukee, Iowa, was sentenced to nine years in prison on Friday after pleading guilty in federal court to wire fraud and money laundering charges. In addition to his prison sentence,...
Posted: Oct 21, 2024
Texas Attorney General Ken Paxton announced the state has secured a settlement with Marriott International, Inc., that resolves an investigation into a breach of one of the company’s reservation databases. The breach exposed 131 million guest r...
Posted: Oct 21, 2024
Media baron Rupert Murdoch’s Dow Jones and New York Post filed a lawsuit against Perplexity AI on Monday, claiming the AI startup engages in a “massive amount of illegal copying” of their copyrighted work. Perplexity’s search...
Posted: Oct 21, 2024
Applied Underwriters Aerospace, headquartered in Atlanta, has named Richard Parker as chairman of the Washington, D.C.-based group. Parker has over 35 years of experience in space insurance, satellite engineering and satellite and launch vehicle proc...
Posted: Oct 21, 2024
FERMA, the Federation of European Risk Management Associations, represents the interests of risk managers across Europe, and in her opening speech at the FERMA Forum in Madrid, President Charlotte Hedemark urged them to adapt, improve, and innovat...
Posted: Oct 21, 2024
By automating both routine and manual time-consuming tasks, Agentech reduces claim cycle times, increases accuracy, and allows desk adjusters to focus on high-value decision-making and customer service.
Posted: Oct 21, 2024
Flex is available to financial institutions across the globe, excluding US domiciled businesses.
Posted: Oct 21, 2024
Farewill provides an online platform for people to create a will.
Posted: Oct 21, 2024
Life insurance, wills, and estate planning are part of the products and services Uprise offers.
Posted: Oct 21, 2024
The coverage addresses Gen AI risks.
Posted: Oct 21, 2024
Dozens of farmers in Iowa, Minnesota and Wisconsin are scrambling to feed their flocks after a struggling organic broiler chicken producer abruptly closed a year after getting a $39 million federal loan. Pure Prairie Poultry shuttered its Charles Cit...
Posted: Oct 21, 2024