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It’s Open Enrollment Time Again! Prepare Your Clients to Make Good Choices About Benefits

Insurance Journal

This post is part of a series sponsored by AgentSync. Open enrollment is an important time for employers and employees, which means it’s an important time for anyone who sells benefit policies, including insurance agents, carriers, brokers, and...

Posted: Dec 07, 2023

GBLI suspends the exploration of the sale or merger of Penn-America and Global Indemnity

coverager

In June, the company shared that multiple parties indicated preliminary interest in exploring an acquisition or merger.

Posted: Dec 07, 2023

Legal challenges against Tesla Insurance

coverager

A new class-action lawsuit against Tesla Insurance Services alleges inflated car insurance premiums based on "misleading" collision warnings.

Posted: Dec 07, 2023

Southampton Financial acquires aha insurance

coverager

Aha offers online car and home insurance in Ontario, Alberta, and British Columbia.

Posted: Dec 07, 2023

Sompo International further expands into France with appointment of Jean-Marie Guegan

coverager

Mr. Guegan joins Sompo International from Generali.

Posted: Dec 07, 2023

Humanity on Verge of 5 Climate Tipping Points, Report Warns

Carrier Management

Humanity on Verge of 5 Climate Tipping Points, Report Warns Five maj...

Posted: Dec 07, 2023

Howden acquires Haakon AG

coverager

Haakon was formerly part of the Baloise Group.

Posted: Dec 07, 2023

Road Risk Alert: It’s the Most Distracted Time of the Year

coverager

Distracted driving on New Year’s Day in 2022 tells a slightly different story. Distracted driving on New Year’s Day was 14.6% higher during the early morning hours compared to the...

Posted: Dec 07, 2023

SiriusPoint partners with ProVerity Underwriters

coverager

ProVerity provides specialty products to underserved areas of professional liability business.

Posted: Dec 07, 2023

Mulberri raises $6.75 million

coverager

Mulberri's platform enables HR, benefits and payroll providers to offer a variety of insurance products.

Posted: Dec 07, 2023

People Moves: Standard Lines Services Names Lakey as Division Leader

Insurance Journal

Standard Lines Services named Joshua Lakey division leader. Standard Lines Services is a division of Graham-Rogers Insurance, based in Bartlesville, Okla. Lakey has 18 years of insurance experience and previously served as senior territory manager at...

Posted: Dec 07, 2023

WCRI: Wisconsin’s Medical Payments per Claim Remain Stable but Highest Among 17 States

Insurance Journal

Medical payments for treatment of injured Wisconsin workers were the highest of 17 study states, according to a recently released report from the Workers Compensation Research Institute (WCRI). The study, CompScope™ Medical Benchmarks for Wisconsin,...

Posted: Dec 07, 2023

New England’s Foy Insurance Group Acquired by World Insurance

Insurance Journal

New England’s Foy Insurance Group has been acquired by national broker World Insurance Associates. The Foy agency, headquartered in Exeter, New Hampshire, has been doing business in New Hampshire for more than 100 years. Today it is one of New...

Posted: Dec 07, 2023

New Orleans Marsh Fire Blamed For Fatal Highway Crashes is Out After Burning For Weeks

Insurance Journal

NEW ORLEANS (AP) – A stubborn, smoky marsh fire that contributed to fatal car crashes on fogbound highways and sometimes fouled New Orleans air with a pervasive stench has been completely extinguished after burning for over a month, the New …

Posted: Dec 07, 2023

Higginbotham Acquires Ohio’s Botson’s Insurance Group

Insurance Journal

Higginbotham has acquired Botson Insurance Group of Avon, Ohio. This move extends the Texas firm’s presence across Ohio, as Higginbotham formed a similar collaboration with western Ohio’s Community Insurance Group, Ltd. earlier this year....

Posted: Dec 07, 2023

CEA hopes to renew $2.2bn of reinsurance limit at Jan 1

Reinsurance News

The California Earthquake Authority (CEA) is hopeful it will be able to successfully renew $2.2 billion of expiring reinsurance limit at the upcoming January 1st, 2024, renewals, which is its largest syndicated placement, amid a continuation of hi...

Posted: Dec 07, 2023

Unrecalled Takata Inflators Monitored After Another Bursts, Injuring Driver

Carrier Management

Unrecalled Takata Inflators Monitored After Another Bursts, Injuring Driver U.S. auto safet...

Posted: Dec 07, 2023

Road Safety Advocates Call for Speed Limiters, Auto Alerts to Stem Aggressive Driving

Carrier Management

Road Safety Advocates Call for Speed Limiters, Auto Alerts to Stem Aggressive Driving Membe...

Posted: Dec 07, 2023

AI-Driven Embedded Platform Mulberri Announces $6.75M Series A

Carrier Management

AI-Driven Embedded Platform Mulberri Announces $6.75M Series A Mulberri...

Posted: Dec 07, 2023

Next phase of Blueprint Two to launch in April 2025: Lloyd’s

Reinsurance News

After a request from the Lloyd’s Market Association (LMA) Board, Velonetic and the Lloyd’s marketplace have decided to move the launch date of phase two of Blueprint Two digital services (which includes the Digital Gateway) to April 2025. Earlier...

Posted: Dec 07, 2023

Allstate poised for strategic downsizing in Florida amidst regulatory changes: CEO Tom Wilson

Reinsurance News

Allstate’s CEO, Tom Wilson, unveiled key insights into the company’s underwriting and growth strategy at the Goldman Sachs 2023 US Financial Services Conference, expressing confidence in the overall trajectory of the business while sim...

Posted: Dec 07, 2023

People Moves: Ardonagh Group Announces Senior Management and Structural Shakeup; QBE Promotes Purkis...

Insurance Journal

This edition of International People Moves details appointments at the broker Ardonagh and QBE Europe. A summary of these new hires follows here. Ardonagh Group Announces Senior Management and Structural Shakeup The Ardonagh Group, the London-based i...

Posted: Dec 07, 2023

Howden Ventures invests in Rosetta Risk Management to support MGA transition

Reinsurance News

Rosetta Risk Management (RRM) has secured investment from Howden Ventures, which is set to “accelerate its transition to a fully tech-enabled construction insurance MGA.” Currently a SaaS platform, RRM said it will aggregate constructi...

Posted: Dec 07, 2023

Concert promotes Alison Davidsen to COO

Reinsurance News

Concert Group Holdings, Inc. a privately owned insurance holding company, has promoted Alison Davidsen to the newly created role of Chief Operating Officer. Davidsen joined Concert in July 2022 taking on the role of Vice President, Client Manageme...

Posted: Dec 07, 2023

Costs of Small Business Cyberattacks Are Down But Frequency Is Up, Says Hiscox

Insurance Journal

The less-than-encouraging news: Only a third (33%) of US small businesses consider cyber risk high or very high. The somewhat encouraging news: 53% of U.S. small businesses have either a standalone cyber insurance policy or have cyber coverage throug...

Posted: Dec 07, 2023

Global Insured Losses From Severe Convective Storms Hit New High of $60B: Swiss Re

Insurance Journal

Global insured losses from severe thunderstorms have hit a new all-time high of US$60 billion in 2023, with overall natural catastrophe claims surpassing $100 million, according to Swiss Re Institute in a new report. As the US is particularly prone &...

Posted: Dec 07, 2023

IUA names McDonald as Chair, announces three new Deputies

Reinsurance News

The International Underwriting Association (IUA) has welcomed Claire McDonald, a Member of the Executive Board for HDI Global SE, as the new Chair. She will formally take over the position on January 1, 2024. McDonald – who is replacing Phil...

Posted: Dec 07, 2023

New Mexico Sues Meta, CEO Zuckerberg Over Child Protection Failures

Insurance Journal

New Mexico Attorney General Raul Torrez on Wednesday said the state sued Facebook and Instagram parent Meta Platforms META.O and CEO Mark Zuckerberg, saying the social media company had failed to protect children from sexual abuse, online solicitatio...

Posted: Dec 07, 2023

Exploration of sale or merger of Penn-America and Global Indemnity suspended

Reinsurance News

Global Indemnity Group, LLC, a provider of specialty property and casualty insurance coverages, has suspended the exploration of the sale or merger of Penn-America, Global Indemnity’s insurance group, and Global Indemnity itself at this time. Saul...

Posted: Dec 07, 2023

Markets/Coverages: Driver Technologies Launches Video Telematics-Based Driver Score

Insurance Journal

Driver Technologies, Inc., an AI-based mobility tech company, has announced its Driver Technologies Rating Service Inc. (DTRS) is rolling out its newly launched driver score to commercial fleets and insurance partners. In a press release, Driver Tech...

Posted: Dec 07, 2023

Florida Family Sues Panera Bread Over Caffeinated Lemonade After Man’s Death

Insurance Journal

FLEMING ISLAND, Fla. (AP) –The family of a 46-year-old Florida man has filed a wrongful death and negligence lawsuit against one of the biggest fast-casual restaurant chains in the U.S., claiming Panera Bread Company`s caffeine-filled lemonade...

Posted: Dec 07, 2023

Specialist Risk Group to acquire CBC Partnership

Reinsurance News

B.P. Marsh has agreed to sell its shareholding in Paladin, the parent company of CBC Partnership, the London-based Insurance Broker, to Specialist Risk Group Limited (SRG), subject to regulatory approval. Once completed, this will be SRG’s 19th ac...

Posted: Dec 07, 2023

North Carolina Hog Farms Were Properly Permitted, State Appeals Court Says

Insurance Journal

RALEIGH, N.C. (AP) — Several hog farms in North Carolina were properly allowed to collect energy from the animals` waste, a state appeals court said Tuesday, ruling that their permit applications were scrutinized appropriately before their appr...

Posted: Dec 07, 2023

UK Data Protection Watchdog Warns Companies Over AI Use and Privacy

Insurance Journal

Britain’s data protection watchdog warned companies to consider people’s privacy rights whenever they use artificial intelligence (AI) or face not just fines but losing the public’s trust in the technology. The country’s Infor...

Posted: Dec 07, 2023

Report: Kentucky Fund Made $239,000 in Erroneous Tornado Relief Payments

Insurance Journal

FRANKFORT, Ky. (AP) — A report released Tuesday by state officials on the disbursement of Kentucky`s tornado relief fund found that it sent out about $239, 000 in mistaken payments. The review of the fund by State Auditor Mike Harmon`s …

Posted: Dec 07, 2023

Fitch revises 2024 outlook for U.S. mortgage insurers to ‘Neutral’

Reinsurance News

In a recent outlook report, Fitch Ratings has adjusted its 2024 sector outlook for U.S. mortgage insurers from deteriorating to neutral, citing continued strong profitability despite a potential economic slowdown. Fitch’s analysis anticipate...

Posted: Dec 07, 2023