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Chamber of Commerce Sues to Block FTC’s Non-Compete Ban Business groups...
Posted: Apr 25, 2024
Zurich NA Names Higginbotham Head of Professional Liability & Cyber Zurich North America, headquartered in Schaumburg, Illinois, has named Kara Higginbotham as head of professional liability and cyber for U.S. national accounts, leading a team of...
Posted: Apr 25, 2024
Tokio Marine HCC has selected Akur8’s Core Platform Solution to fuel innovation and to build high-performing pricing models, produce analytics and report with ease for powerful insights, and facilitate knowledge sharing across entities. Akur8 buil...
Posted: Apr 25, 2024
Global insurance broker WTW has announced 5% organic revenue growth to more than $2.34 billion for the first quarter of 2024, although Group net income fell by 6% year-on-year to $194 million. Alongside the slight dip in net income, WTW has report...
Posted: Apr 25, 2024
Insurance Business Magazine - US
Posted: Apr 25, 2024
Lockton, an independent insurance broker, has recently announced two senior promotions within its Crisis Management team: Helen Sandford as Head of Special Crime and Freddie Schlesinger as Head of Product Recall and Reputational Risk. In their new...
Posted: Apr 25, 2024
This post is part of a series sponsored by AgentSync. It’s not a secret. Insurance has a talent crisis. Not that people who work in insurance aren’t talented – whooooo boy. But that there aren’t enough people who stick around, ̷...
Posted: Apr 25, 2024
Goosehead Insurance, Inc., an independent personal lines insurance agency, has posted a net income of $1.8 million in their results for the first quarter of 2024, compared to a net loss of $0.2 million from the prior year period. At the same time,...
Posted: Apr 25, 2024
A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has relaunched with a new name and weaker membership requirements in response to companies fleeing over allegations of collusion by Republican politicians...
Posted: Apr 25, 2024
Lockton, the independent insurance broker, announced two key senior promotions within its Crisis Management team in London. Helen Sandford has been appointed as head of Special Crime, and Freddie Schlesinger has been appointed head of Product Recall...
Posted: Apr 25, 2024
R&Q Insurance Holdings has announced that it has entered into a lock-up agreement with several parties relating to debt restructuring and a number of other issues, as it seeks their approval to sell Accredited to Onex Corporation’s Onex Partne...
Posted: Apr 25, 2024
ICEYE, a provider of satellite-powered disaster management solutions, has announced a multi-year flood and wildfire data collaboration with Juniper Re, the reinsurance broking arm and an indirect subsidiary of BRP Group, Inc. Juniper Re will lever...
Posted: Apr 25, 2024
Hiscox Re & ILS and Ariel Re have launched CyberShock, a new cyber catastrophe consortium designed to improve certainty of coverage in the cyber insurance space. This new consortium will offer up to USD 50 million of per-programme capacity pro...
Posted: Apr 25, 2024
Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the launch of CyberShock, a cyber catastrophe consortium. The CyberShock consortium is designed to offer up to US$50 million...
Posted: Apr 25, 2024
Global insurer AIG recently appointed Gero Michel, previously Group Chief Risk Officer (CRO) of AIG Re, as its Head of Underwriting Analytics based in Bermuda. Michel has been with AIG since early 2020, when he joined the firm’s reinsurance...
Posted: Apr 25, 2024
Insurance Business Magazine - US
Posted: Apr 25, 2024
Posted: Apr 25, 2024
Posted: Apr 25, 2024
Citigroup Inc. Chief Executive Officer Jane Fraser warned that there’s a risk to the growing number of insurers piling funds into direct lending opportunities. It’s one of many risks tied to the rise of the private credit industry that Fr...
Posted: Apr 25, 2024
Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by China’s Fosun International Ltd., said it’s planning to carry out an initial public offering in 2025. That share sale would take place after Fidelidade completes a pla...
Posted: Apr 25, 2024
The property insurance market in hurricane-prone Louisiana faces escalating challenges due to rising premiums and the expenses of claims following severe weather events, according to analysts at Moody’s Investors Service. Moody’s recent report hig...
Posted: Apr 25, 2024
The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of damage. The country may take out climate insurance or establish a contingency fund to deal with &#...
Posted: Apr 25, 2024
Susan Morisato has joined Sentry’s Board of Directors. Sentry is headquartered in Steven’s Point, Wisconsin. Morisato, based in Des Plaines, Illinois, brings over 30 years of health insurance experience to Sentry’s board. She is a f...
Posted: Apr 25, 2024
SageSure, a managing general underwriter focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“SURE”), a policyholder-owned reciprocal exchange, announced the close of the Gateway Re 2024-2 second and s...
Posted: Apr 25, 2024
Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of Australia-based Prasidium Credit Insurance (Prasidium). Prasidium is a specialist trade credit insurance broker serving clients throughout Australia. Establi...
Posted: Apr 25, 2024
CFC, an insurance provider specialising in emerging and cyber risks, has expanded its transaction liability practice with the creation of a dedicated team focused on underwriting representations and warranties insurance in the renewable energy mar...
Posted: Apr 25, 2024
Upgrading or changing legacy platforms and enterprise software can be a nightmare to disentangle, particularly when dealing with existing operating systems, data storage, and payment processing software. When planning an upgrade, there have historica...
Posted: Apr 25, 2024
Florida-based insurtech HCI Group has announced a five-year Executive Employment Agreement with Paresh Patel, who serves as its Chairman and Chief Executive Officer (CEO). This new agreement includes a long-term equity incentive with a vesting thr...
Posted: Apr 25, 2024
McKinsey & Co is under criminal investigation in the United States over allegations that the consulting firm played a key role in fueling the opioid epidemic, with federal prosecutors homing in on its work advising OxyContin maker Purdue Pharma a...
Posted: Apr 25, 2024
Marsh McLennan Agency, a subsidiary of Marsh, has entered into a definitive agreement to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) from Trustmark National Bank, in a $345 million all-cash deal that values FBBINSURANCE at almost...
Posted: Apr 25, 2024
New legislation aimed at reducing workplace violence in California vastly increases employers’ responsibilities and hands workers’ compensation insurers an unprecedented oversight role that is likely to trigger lawsuits and affect rates a...
Posted: Apr 25, 2024
Two south Florida lawsuits against property insurers argue that two major carriers have employed a business strategy of hiring inexperienced or even unlicensed claims adjusters after storms, practices that have led to “lowball” damage est...
Posted: Apr 25, 2024
Two south Florida lawsuits against property insurers argue that two major carriers employed a business strategy of hiring inexperienced or even unlicensed claims adjusters after storms, practices that have led to “lowball” damage estimate...
Posted: Apr 25, 2024
PCF Insurance Services in Utah closed $400 million in incremental debt financing led by Blue Owl. The financing was materially oversubscribed and was upsized from $300 million to $400 million in response to demand from new and existing lenders. The &...
Posted: Apr 25, 2024
OMAHA, Neb. (AP) — Former Nebraska women’s basketball assistant coach Chuck Love denied ever having a sexual relationship with former Cornhuskers player Ashley Scoggin but acknowledged in a court document that he did meet with her late at night...
Posted: Apr 25, 2024
OMAHA, Neb. (AP) — Former Nebraska women’s basketball assistant coach Chuck Love denied ever having a sexual relationship with former Cornhuskers player Ashley Scoggin but acknowledged in a court document that he did meet with her late at night...
Posted: Apr 25, 2024
A youth organization and a pair of environmental groups are suing the state of Maine to try to force the state to reduce carbon emissions in the era of climate change. Maine Youth Action, the Conservation Law Foundation and the …
Posted: Apr 25, 2024
Timothy Folk has joined Alliant Insurance Services, headquartered in Irvine, California, as executive vice president, Alliant Specialty, in the firm’s agribusiness industry vertical. Folk focuses on food and beverage manufacturers and distribut...
Posted: Apr 25, 2024
Blue Marble, a climate insurer, has partnered with the U.S. Agency for International Development (USAID) to introduce an innovative financial solution in Kenya, aimed at enhancing the climate resilience of coffee farmers connected to global supply...
Posted: Apr 25, 2024
A federal jury said BNSF Railway contributed to the deaths of two people who were exposed to asbestos decades ago when tainted mining material was shipped through a Montana town where thousands have been sickened. The jury awarded $4 million …
Posted: Apr 25, 2024
The Liberty Company Insurance Brokers named Neal Rubin senior vice president, benefits. Rubin is based in Irvine, California. Rubin has more than 40 years of experience in the Southern California employee benefits sector. He spent seven years as vice...
Posted: Apr 25, 2024
Early PT can be the key to improved injured worker outcomes and lower claims costs. How can workers’ comp promote quicker access to care? The post
Posted: Apr 24, 2024
General Motors Co. has ended its OnStar Smart Driver program after customers complained it violated their privacy. OnStar had cut deals with LexisNexis and Verisk to share personal driving data as part of the program, which they then shared with R...
Posted: Apr 24, 2024
The independent agency channel accounts for 88% of all commercial lines written premium.
Posted: Apr 24, 2024
The company has partnered with Equitable and Brighthouse Financial.
Posted: Apr 24, 2024