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There were about 44,450 motor vehicle fatalities in the United States in 2023—down from 2022 but still very high—according to a preliminary analysis released by the National Safety Council (NSC). Fatalities were down 4% from 2022 but still up 13.6% &...
Posted: Feb 28, 2024
There were about 44,450 motor vehicle fatalities in the United States in 2023—down from 2022 but still very high—according to a preliminary analysis released by the National Safety Council (NSC). Fatalities were down 4% from 2022 but still up 13.6% &...
Posted: Feb 28, 2024
The United States and the Philippines are the countries hit hardest by climate-driven extreme weather, measured as a percentage of their economies, according to a report released Wednesday by global reinsurance giant Swiss Re. The US currently experi...
Posted: Feb 28, 2024
AXIS Capital has announced the appointment of Stephen Lord as Global Chief Information Officer (CIO) and Robert Barriero as Global Head of Strategic Sourcing and Corporate Real Estate. In his new role as Global CIO, Lord will report directly to CE...
Posted: Feb 28, 2024
A coal company owned by West Virginia’s governor has been found in contempt of court and must face fines of $2,500 a day until it pays its contractual obligations to its workers’ compensation insurance carrier, a federal judge decided. Br...
Posted: Feb 28, 2024
Credit and economic risks top the concerns for Canada's financial sector, with cyber risk and technology/innovation risk emerging as significant threats, reveals a Global Risk Institute survey. The post
Posted: Feb 28, 2024
Where Insurtech Went Wrong Future of Risk sradomski Wed, 02/28/2024 - 11:19...
Posted: Feb 28, 2024
In a recent analysis, Fitch Ratings forecasts that the UK life sector will maintain its cautious approach towards funded reinsurance (Funded Re) for bulk annuity transactions, keeping its usage below 30% of premiums from 2024 to 2026. This strateg...
Posted: Feb 28, 2024
Insurance Business Magazine - US
Posted: Feb 28, 2024
Insurance Business Magazine - US
Posted: Feb 28, 2024
New York, NY — February 28, 2024 — Stere, a leading innovator in insurance technology, has enabled AutoPylot, an FAA-approved B4UFLY and LAANC service provider, to launch a pioneering embedded...
Posted: Feb 28, 2024
The company ended the year with 2,026,918 customers.
Posted: Feb 28, 2024
PoloPartners will provide tech-enabled end to end insurance management services, covering services such as actuarial, claims management, risk and compliance, and finance.
Posted: Feb 28, 2024
Brussels headquartered insurer Ageas has confirmed that it is in the initial stages of considering a possible offer to acquire the entire issued and to be issued share capital of UK insurer Direct Line Insurance Group Plc. According to Ageas, the...
Posted: Feb 28, 2024
The U.S. environment regulator said on Tuesday it is launching new cleanup projects at 25 hazardous waste sites from New Jersey to Oregon with $1 billion in funds. The sites are in the Environmental Protection Agency’s Superfund program, origin...
Posted: Feb 28, 2024
Boeing it must develop a comprehensive action plan to address “systemic quality-control issues” within 90 days, the U.S. Federal Aviation Administration said Wednesday, following an all-day meeting with the planemaker’s CEO Dave Cal...
Posted: Feb 28, 2024
This edition of International People Moves details appointments at AXIS Capital Holdings and Xenia Broking Group. A summary of these new hires follows here. AXIS Names Lord as Global CIO, Barriero as Head of Strategic Sourcing, Corporate Real Estate...
Posted: Feb 28, 2024
LOOP, a Public-Benefit Corporation and Artificial Intelligence-powered auto insurer, has successfully renewed its reinsurance program and will go into effect for an extended 15-month term. The renewed program is led by the same tier-one reinsurers...
Posted: Feb 28, 2024
OpenAI Says New York Times ‘Hacked’ ChatGPT to Build Copyright Lawsuit OpenAI has asked a federal judge to d...
Posted: Feb 28, 2024
Clyde & Co: M&A Activity to ‘Start to Increase Through 2024’ The number of worldwide mergers and acquisition...
Posted: Feb 28, 2024
Financial services holding company Ambac has posted a net loss of $16 million and an adjusted net income of $10 million for the fourth quarter of 2023. Included in the company’s Q423 results is Everspan, the organisation’s specialty pr...
Posted: Feb 28, 2024
The U.S. Department of Justice said a record 543 settlements and judgements under the False Claims Act resulted in about $2.7 billion in the fiscal year ending Sept. 30, 2023. The amount of settlements and judgements was a 54% increase …
Posted: Feb 28, 2024
A Virginia deputy sheriff must face a jury over whether his shooting to death of a dog was justified or if it was unconstitutional before it can be determined if he is entitled to qualified immunity, a federal appeals court …
Posted: Feb 28, 2024
Lemonade, a digital insurance firm powered by AI, has reported a 20% year-on-year rise in in-force premium to $747 million for the fourth quarter of 2023, while its gross loss ratio fell 12% to 77% in the quarter. Lemonade’s customer count increas...
Posted: Feb 28, 2024
Ageas said it is considering a possible offer for Direct Line Insurance Group Plc, outlining a bid for the UK insurer that would be at a premium of 42.8% to the Tuesday closing price. The Belgian insurer said in a …
Posted: Feb 28, 2024
Belgian insurer Ageas made an approach to buy Direct Line Insurance Group Plc in recent weeks that was rejected, according to people familiar with the matter. Ageas has been working with advisers on the potential acquisition, they said, asking not &#...
Posted: Feb 28, 2024
Direct Line Insurance Group Plc said its board unanimously rejected a bid from Ageas, describing the offer as “uncertain” and “unattractive.” The Belgian insurer said in a regulatory filing Wednesday that “it is in the p...
Posted: Feb 28, 2024
The Geneva Association (GA) and Wellcome have recently published a joint report providing a clear framework for understanding how climate change impacts people’s health. This report also offers recommendations for health and life insurance c...
Posted: Feb 28, 2024
International insurance group Ageas has reported an improved reinsurance segment combined ratio of 84.1% for 2023, which is considerably stronger than the 103.3% seen in 2022, attributed to significantly lower claims. Year-on-year, Ageas Re’...
Posted: Feb 28, 2024
PoloWorks, a member of the Marco Capital Group, has launched PoloPartners, a joint venture combining the expertise, capability and experience of PoloWorks and PwC UK. PoloPartners has been created to provide the insurance market with a bespoke, te...
Posted: Feb 28, 2024
AgentSync is making waves in the way carriers and agencies handle routine compliance and producer management. Join the revolution.
Posted: Feb 28, 2024
In a recent report by Morgan Stanley’s analyst team, it’s estimated that social inflation caused $13.3-24.5 billion of excess losses for commercial auto liability from 2013-2022, accounting for 7-13% of total losses in the period. On a...
Posted: Feb 28, 2024
Apparently, some people speak of unfortunate events “that could only happen to Roger.” Here’s one. The post
Posted: Feb 28, 2024
Fusion Specialty (Fusion), a global specialist in M&A insurance and a subsidiary of POP Group Holdings, has appointed Steven Harwood as Managing Partner for M&A in the Asia Pacific (APAC) region. In this new role, Harwood will lead Fusion&...
Posted: Feb 28, 2024
LIIBA, the representative body for London market insurance brokers, has named Andy Bragoli, Global Head of Placement at Howden, as its new chair. At a meeting of LIIBA’s board in February, Bragoli took over the role from Alastair Swift of WTW, who...
Posted: Feb 28, 2024
Company headquarters moved to Denver, CO Denver, CO, February 28, 2024 – FTP of California, LLC, announced today it has rebranded to Hinterland Insurance (‘Hinterland’), and moved company headquarters to Denver, Colorado’s Tech Cent...
Posted: Feb 28, 2024
The Swiss Re Institute has predicted that climate change will have a larger impact on economic losses in the future, with the US and Philippines anticipated to be the hardest hit. As per the firm’s report, four key weather perils, namely flo...
Posted: Feb 28, 2024