All Posts

Lemonade CEO Calls 2023 ‘The Year When the Plan Came Together’

Carrier Management

Lemonade CEO Calls 2023 ‘The Year When the Plan Came Together’ Insurtech Lemonade reported a fourth quarte...

Posted: Feb 29, 2024

Insurance Journal’s Jergler Named Editor of Claims Journal

Carrier Management

Insurance Journal’s Jergler Named Editor of Claims Journal Claims Journal, a Wells Media Company...

Posted: Feb 29, 2024

Profit Recovery Will Vary Among U.S. Personal Auto Carriers: Fitch

Carrier Management

Profit Recovery Will Vary Among U.S. Personal Auto Carriers: Fitch Fitch Ratings said it...

Posted: Feb 29, 2024

Progressive is building a home repair network

coverager

Castle is inviting service professionals to join its network.

Posted: Feb 29, 2024

Aviva and Howden partner to offer solar insurance

coverager

Sunsave offers homeowners a solar subscription service. 

Posted: Feb 29, 2024

MSIG Holdings USA CEO Slabbert departs

coverager

Slabbert became CEO of the MS&AD subsidiary in January 2023. 

Posted: Feb 29, 2024

People Moves: Braverman and Bill join Lockton Lawyers Professional Liability Practice

Insurance Journal

Lockton, headquartered in the Kansas City metropolitan area, named Eric Braverman and Eric Bill to its lawyers professional liability practice. Both are based in Chicago. Braverman joins as senior vice president, professional services practice leader...

Posted: Feb 29, 2024

W. Marston Becker to succeed Henry Smith as AXIS non-exec Chair

Reinsurance News

Global specialty underwriter and provider of re/insurance solutions, AXIS Capital has announced the appointment of W. Marston (Marty) Becker as non-executive Chair of its Board of Directors. Becker will take over the position in May 2024, timed to...

Posted: Feb 29, 2024

Toyota Recalls 381,000 Tacoma Pickups Due to Rear Axle Parts That Could Fall Off

Carrier Management

Toyota Recalls 381,000 Tacoma Pickups Due to Rear Axle Parts That Could Fall Off Toyota is recalling abo...

Posted: Feb 29, 2024

Intense Blizzard to Hit Parts of California

Carrier Management

Intense Blizzard to Hit Parts of California Blizzard conditions can be expected throughout the northern po...

Posted: Feb 29, 2024

Triple-I: Lawsuit Abuse Adding to Auto Insurance Rate Hikes

Carrier Management

Triple-I: Lawsuit Abuse Adding to Auto Insurance Rate Hikes Increasing litigation is adding to rat...

Posted: Feb 29, 2024

Insurers Offer Tips for Residents to Navigate Texas Wildfires

Insurance Journal

The Smokehouse Creek Fire has grown to more than 1 million acres in the Texas Panhandle, making it the second-largest wildfire in state history. The fire is 3% contained as of Thursday morning according to officials with the Texas A&M …

Posted: Feb 29, 2024

RT Specialty Adds Cyber Liability to its Proprietary Digital Platform

Insurance Journal

RT Specialty, the wholesale distribution division of Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, announced addition of Cyber Liability to its proprietary digital platform, RT Connector. RT Connector allows retail in...

Posted: Feb 29, 2024

People Moves: Fusion Specialty Appoints Harwood for APAC M&A Team; Specialty MGA Nirvana Hires Garcí...

Insurance Journal

This edition of International People Moves details appointments at the managing general agents Fusion Specialty and Nirvana. A summary of these new hires follows here. Fusion Specialty Appoints Harwood for M&A in Asia Pacific Fusion Specialty, a...

Posted: Feb 29, 2024

RT Specialty adds Cyber Liability to proprietary digital platform, RT Connector

Reinsurance News

RT Specialty, the wholesale distribution division of Ryan Specialty, has announced that it has added Cyber Liability to its proprietary digital platform, RT Connector. The digital platform allows retail insurance agents to efficiently access multi...

Posted: Feb 29, 2024

Lemonade CEO Calls 2023 ‘The Year When the Plan Came Together’

Insurance Journal

Insurtech Lemonade reported a fourth quarter 2023 net loss of $42.4 million and a net loss of about $237 million for the full year but its chief executive said the company has seen “dramatic progress.” Results were in comparison to &#8230...

Posted: Feb 29, 2024

Insurance Agency Denies Liability for Misrepresentations Related to Shooting

Insurance Journal

A Pennsylvania insurance agency is denying allegations by owners of a Pittsburgh apartment building that it is liable for the denial of a 2023 fire insurance claim and cancellation of the property’s policy because of misrepresentations related...

Posted: Feb 29, 2024

Tiptree’s Fortegra posts 37.5% rise in GWP in Q4’23

Reinsurance News

Holding company Tiptree has reported a 37.5% increase in gross written premiums and premium equivalents for its specialty insurance subsidiary, Fortegra, in the fourth quarter of 2023. The gross written premiums and premium equivalents grew in Q4&...

Posted: Feb 29, 2024

Miami Labor Supplier Charged with Underreporting Payroll to Travelers

Insurance Journal

Florida authorities charged a Miami contractor with vastly underreporting his payroll and skipping out on $253,000 in workers’ compensation insurance premiums to Travelers Property and Casualty Co. Gustavo Antonio Munguia, 48, owner of American...

Posted: Feb 29, 2024

Miami Labor Supplier Charged With Underreporting Payroll to Travelers

Insurance Journal

Florida authorities charged a Miami contractor with vastly underreporting his payroll and skipping out on $253,000 in workers’ compensation insurance premiums to Travelers Property and Casualty Co. Gustavo Antonio Munguia, 48, owner of American...

Posted: Feb 29, 2024

AXIS Capital Names Becker as Chair-Elect of Board of Directors, Succeeding Smith

Insurance Journal

AXIS Capital Holdings Ltd., the Bermuda-based specialty re/insurer, announced that W. Marston (Marty) Becker will succeed Henry B. Smith as non-executive chair of its Board of Directors. Smith, who has served as chair since May of 2020, has decided t...

Posted: Feb 29, 2024

Allianz Partners appoints Jacob Fuest as new CMO

Reinsurance News

Allianz Partners, a global insurance and assistance company, has announced the appointment of Jacob Fuest to the position of Chief Markets Officer (CMO) and Member of the Board of Management. In his new role, Fuest will focus on helping Allianz Pa...

Posted: Feb 29, 2024

Florida Bills Moving, But Agents Disagree on One that Bars Cancellations After Storms

Insurance Journal

Florida legislation that has been called an “agents’ bill” because it could perhaps make life a little easier for insurance agents after storms, passed a major hurdle this week, moving it closer to approval by the full Legislature....

Posted: Feb 29, 2024

Florida Bills Moving: Surplus Lines to Get Second Homes; Cancels Barred After Storms

Insurance Journal

Florida legislation that has been called an “agents’ bill” because it could perhaps make life a little easier for insurance agents, passed a major hurdle this week, moving it closer to approval by the full Legislature. But all Flori...

Posted: Feb 29, 2024

Florida Bills Moving, But Agents Disagree on One That Bars Cancellations After Storms

Insurance Journal

Florida legislation that has been called an “agents’ bill” because it could perhaps make life a little easier for insurance agents after storms, passed a major hurdle this week, moving it closer to approval by the full Legislature....

Posted: Feb 29, 2024

PPL looks to accelerate API adoption with new programme

Reinsurance News

Placing Platform Limited (PPL), an electronic trading platform for the London re/insurance market, has launched a broker Early Adoption Programme (EAP), which has a focus on the operationalisation of the platform’s API capabilities and refle...

Posted: Feb 29, 2024

How Network Carriers Benefit From the Progressive Advantage Agency

Carrier Management

How Network Carriers Benefit From the Progressive Advantage Agency...

Posted: Feb 29, 2024

Destination Progressive… or One of These Other Carriers

Carrier Management

Destination Progressive… or One of These Other Carriers Commissi...

Posted: Feb 29, 2024

EPA Directs $1 Billion to 25 Superfund Hazardous Waste Cleanups

Carrier Management

EPA Directs $1 Billion to 25 Superfund Hazardous Waste Cleanups The U.S. environment regulator...

Posted: Feb 29, 2024

Embedded Business Insurance Agency Coverdash Raises $13.5 Million

Insurance Journal

Coverdash, which offers embedded commercial insurance technology with products for startups and small-to-medium businesses, announced $13.5 million in Series A funding. This financing comes within one calendar year of Coverdash’s seed round, br...

Posted: Feb 29, 2024