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Get Covered raises $6 million

coverager

Get Covered currently operates in 48 states.

Posted: Dec 06, 2022

Florida Session Agenda Calls for Claims Process Changes, More Oversight of Insurers

Insurance Journal

Florida legislative leaders posted a proclamation Tuesday painting the broad outlines of the special session scheduled to begin Monday, Dec. 12. And it quickly had tongues wagging around the industry. As expected, the proclamation from Sen. President...

Posted: Dec 06, 2022

Carputty raises $12.3 million

coverager

The startup has attracted over 14k members since launching. 

Posted: Dec 06, 2022

The Hanover introduces The Hanover Small Business Digital Exchange Gateway

coverager

The company plans to expand the Small Business Gateway to include additional product lines.

Posted: Dec 06, 2022

Now More Than Ever, Employers Must Ensure the Mental Wellbeing of Employees. Here’s How

Risk & Insurance

From a pandemic whose effects are still being felt to continued labor shortages, there have never been more reasons for employers to look after their workers’ mental health. The post

Posted: Dec 06, 2022

Carbon Monoxide Leak at Chicago Church Sends 12 to Hospitals

Insurance Journal

CHICAGO (AP) – Twelve people were hospitalized after a carbon monoxide leak at a church on Chicago’s South Side, fire officials said. The Chicago Fire Department said that just after 1 p.m. it was called to the New Philadelphia Church …

Posted: Dec 06, 2022

Texas Court: Plaintiffs Alleging Brain Damage Must Submit to Independent Tests

Insurance Journal

A family seeking $33 million in economic damages for alleged brain injuries caused by exposure to carbon monoxide must submit to a battery of neuropsychological tests by the defendant’s doctor, the Texas Supreme Court ruled. The high court on F...

Posted: Dec 06, 2022

Texas Leaders Diverge on How to Fix Power Grid

Insurance Journal

The legislative session is more than a month away, but fault lines are already emerging between Texas’ top two Republican leaders on two major issues. Both Gov. Greg Abbott and Lt. Gov. Dan Patrick want to use the state’s massive …

Posted: Dec 06, 2022

Florida and Reinsurance – Pulling Back the Covers

Insurance Journal

The Florida Legislature will conduct a special session during the week of December 12 focusing on fixes for a failing, flailing insurance market in the state that has reached crisis levels. Symptoms of the crisis include the financial collapse of &#8...

Posted: Dec 06, 2022

Hurricane Ian magnifies Florida homeowners’ re/insurance vulnerability: Fitch

Reinsurance News

According to Fitch Ratings, the Florida homeowners’ insurance market’s already uncertain position is set to weaken further with the destruction caused by Hurricane Ian, which is potentially the second-largest hurricane in terms of insured losses....

Posted: Dec 06, 2022

Argo Group sees support towards director nominees

Insurance Business Magazine - US

Exec formerly served as director of risk management

Posted: Dec 06, 2022

Neptune Flood names new chief risk officer

Insurance Business Magazine - US

Grants were awarded to non-profits that support workplace development and safety training

Posted: Dec 06, 2022

Texas Mutual hands out $3.5 million in grants

Insurance Business Magazine - US

Models expand broker's Health & Benefits Scout tool

Posted: Dec 06, 2022

WTW launches models to highlight climate risks to employee health

Insurance Business Magazine - US

Its 'deep client relationships' align with Marsh's customer-centric approach, says CEO

Posted: Dec 06, 2022

The case for digital self-investment in an economic downturn

coverager

We’ve learned a lot of valuable lessons from the 2008 recession and the recent pandemic that can be applied to the current economic downturn. At this juncture, we’ve seen strategic investment in digital isn’t only wise, but necessary.

Posted: Dec 06, 2022

iFarm Underwriting Partners with Reserv to digitize and transform its claims service

coverager

The technology that Reserv brings to the table is going to change the standard of claims customer service and reporting in the UK.

Posted: Dec 06, 2022

Simply Business partners with Appalachian Underwriters

coverager

Appalachian Underwriters currently works with 30,000 insurance agencies and over 110,000 individually appointed agents.

Posted: Dec 06, 2022

Next Insurance announces first chief insurance officer

coverager

Rhodes joins Next with twenty years of property and casualty insurance experience.

Posted: Dec 06, 2022

Coterie Insurance Leverages Weather Data from Opterrix to Make Real-Time Catastrophe Underwriting a...

coverager

Days before Hurricane Ian made landfall in late September, Coterie worked with Opterrix to leverage real-time emerging data about impacted property in the projected hurricane path.

Posted: Dec 06, 2022

Apple Sued By Women Who Say AirTag Lets Stalkers Track Victims

Insurance Journal

Apple Inc. has been sued by two women who said its AirTag devices have made it easier for their former partners and other stalkers to track down victims. In a proposed class action filed on Monday in San Francisco federal …

Posted: Dec 06, 2022

AM Best maintains negative outlook on US Personal Lines insurance

Reinsurance News

Global credit rating agency AM Best has announced it is maintaining its negative outlook on the US personal lines insurance segment for 2023. It was recently revised to negative in September 2022. According to the announcement, AM Best’s dec...

Posted: Dec 06, 2022

A Near-Term Return to Underwriting Profit in Auto ‘Highly Unlikely’: AM Best

Insurance Journal

Apparently nothing has changed within the last several months to change AM Best’s negative outlook on the U.S. personal lines insurance segment. Tuesday the insurance industry rating agency said it was maintaining its view, first revised in Sep...

Posted: Dec 06, 2022

Amwins appoints Jennifer Nuest as transportation practice leader

Reinsurance News

Amwins, a global distributor of specialty insurance products and services, has announced the appointment of Jennifer Nuest to the newly created position of transportation practice leader. Nuest has over a decade of transportation insurance industr...

Posted: Dec 06, 2022

FloodFlash Eyes Parametric Splash in U.S.

Insurance Journal

Parametric flood insurance is still in its infancy in the United States, but one index-based insurer is preparing to make a splash in five states in early 2023. FloodFlash is set to begin offering parametric coverage for commercial businesses in &#82...

Posted: Dec 06, 2022

KCC launches climate conditioned catalogs for hurricanes, floods & wildfires

Reinsurance News

Karen Clark & Company (KCC) has announced the launch of complete stochastic climate-conditioned catalogs for the weather-related perils most impacted by climate change, hurricanes, floods, and wildfires. There are five associated climate catal...

Posted: Dec 06, 2022

New Mexico Approves Decrease in Workers’ Comp Loss Costs

Insurance Journal

The New Mexico Office of Superintendent of Insurance approved a rate proposal submitted by the National Council on Compensation Insurance that will reduce voluntary workers’ compensation loss costs by an average of 10.7%, to become effective fo...

Posted: Dec 06, 2022

Many Insurtechs Exit the Marketplace, and Other 2023 Predictions From Forrester

Insurance Journal

More than a quarter of insurtechs will leave the insurance marketplace in 2023 – just a couple years after investments in the space were at an all-time high, according to predictions from research and consulting firm Forrester. “It’ll be...

Posted: Dec 06, 2022

FTX collapse a “sobering warning” for insurers: AM Best

Reinsurance News

The bankruptcy of cryptocurrency exchange FTX is the latest example of a corporate collapse resulting from governance failures, and carries some tough lessons for insurers, according to AM Best. Although FTX is not an insurance company, the rating...

Posted: Dec 06, 2022

The Future of Insurance: PLUS Conference Recap

Carrier Management

The Future of Insurance: PLUS Conference Recap Technology is on everyone's mind. Whether it's using bi...

Posted: Dec 06, 2022

Uvalde Shooting Victims Seek $27B, Class Action Status

Carrier Management

Uvalde Shooting Victims Seek $27B, Class Action Status Victims of the Uvalde school shoo...

Posted: Dec 06, 2022

Lemonade Car maintains its slow pace in Illinois

coverager

We’ve learned a lot of valuable lessons from the 2008 recession and the recent pandemic that can be applied to the current economic downturn. At this juncture, we’ve seen strategic investment in digital isn’t only wise, but necessary.

Posted: Dec 06, 2022

Fire Damages Commercial Buildings in Indiana Town

Insurance Journal

A fire in downtown Columbus destroyed a commercial building containing offices and a photo studio and left three firefighters with minor injuries early Sunday. A passerby discovered the fire and called 911 around midnight. When firefighters arrived w...

Posted: Dec 06, 2022

People Moves: Bailey Named Chair of Aon UK Ltd. Board; AXA XL Promotes Casby to Head of Upstream Ene...

Insurance Journal

Bailey Named Chair of Aon UK Ltd. Board Aon plc, a leading global professional services firm, today announced that it has named Marshall Bailey as non-executive chair of the Aon UK Limited Board, effective Jan. 31, 2023. Bailey replaces Simon …

Posted: Dec 06, 2022

Union Bay Acquires Pennsylvania’s LaBrozzi Insurance

Insurance Journal

Union Bay Acquisition, an aggregator of insurance agencies agent based in Princeton, New Jersey, has acquired LaBrozzi Insurance Group, Inc. of Bradford, Pennsylvania. Terms were not disclosed. Debra LaBrozzi is the founder of LaBrozzi Insurance Grou...

Posted: Dec 06, 2022

Eruption of Indonesia’s Highest Volcano Buries Homes, Destroys Bridge

Insurance Journal

SUMBERWULUH, Indonesia (AP) – Improved weather conditions Monday allowed rescuers to resume evacuation efforts and a search for possible victims after the highest volcano on Indonesia’s most densely populated island erupted, triggered by monsoo...

Posted: Dec 06, 2022

Insurers need to ensure they develop and use AI ethically: WTW’s Chapman

Reinsurance News

Artificial Intelligence (AI) and machine learning is a growing topic within both the insurance and reinsurance industry, with more companies using the technology to manage manual, low complexity workflows and dramatically increase operational effi...

Posted: Dec 06, 2022

Former Wirecard Executives in the Dock as Germany’s Biggest Fraud Trial Begins

Insurance Journal

Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s biggest post-war fraud scandal and sent shockwaves through the country’s political and financial establishmen...

Posted: Dec 06, 2022

Arbol’s parametric solution delivers $10m payout for Hurricane Ian damages

Reinsurance News

Arbol, a global climate risk solutions platform, has announced its parametric reinsurance solution has delivered one of the first payouts for loss or damage attributed to Hurricane Ian. The $10 million payout to Centauri Insurance, a property and...

Posted: Dec 06, 2022

Xenia to Buy UK Trade Credit Insurance Broker Linda Scott Associates

Insurance Journal

Xenia Broking Group Ltd. (XBGL) announced it has agreed to acquire the trade credit insurance business of Linda Scott Associates Limited (LSA). The transaction is expected to complete on Dec. 22, subject to certain closing conditions, following which...

Posted: Dec 06, 2022

Hertz to Settle Most False-Arrest Claims for $168 Million

Insurance Journal

Hertz Global Holdings Inc. will spend $168 million to settle hundreds of claims that it falsely reported rental customers to the police for car theft when a vehicle was not returned on time. The company had been fighting to bottle …

Posted: Dec 06, 2022

Aon appoints Karl DeGiovanni as director of client solutions for EMEA

Reinsurance News

Aon has appointed Karl DeGiovanni as director of client solutions for EMEA. DeGiovanni made the announcement on LinkedIn where he also says that he has been with the firm for nearly fifteen years. Based in Malta, he will focus on insurance managem...

Posted: Dec 06, 2022

Bloomberg says European P&C insurers to struggle on portfolio returns

Reinsurance News

A senior analyst at Bloomberg Intelligence says that European P&C insurers may struggle to register positive returns on their portfolios. Speaking on a Bloomberg Intelligence, Matthew Palazola, senior analyst for P&C insurance, spoke about...

Posted: Dec 06, 2022