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Yemen’s Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red Sea once Israel ends its “aggression” in the Gaza Strip. Asked if they would halt the attacks if a cease...
Posted: Feb 28, 2024
Credit insurer Coface has reported its full-year 2023 results, with flat net income at €240.5 million and underwriting income growth of more than 13% to €395.4 million and a combined ratio, net of reinsurance, of 64.3%. Alongside flat net income,...
Posted: Feb 28, 2024
Climate activists are putting pressure on the European Union to reconsider its decision to exclude banks from a landmark deforestation rule, in a move designed to preempt an official review of the regulation next year. UK-based nonprofit Global Canop...
Posted: Feb 28, 2024
Ryan Specialty has reported full year 2023 revenue of around $2.08 billion, up 20.4%, compared to the $1.73 billion reported in 2022. The firm’s adjusted net income also increased in 2023, growing 20.4% to $375.6 million, compared to $312 mi...
Posted: Feb 28, 2024
Posted: Feb 28, 2024
Barbuss a provider of specialised financial, claims services and specialised coverage for the risk industry, has announced that it has acquired 100% of the shares of KVDS, an independent marine surveyor based in Antwerp, Belgium. From what we unde...
Posted: Feb 28, 2024
Southern Water was fined £330,000 on Tuesday after admitting a raw sewage spill that killed thousands of fish on the edge of England’s South Downs National Park. Southern, which supplies more than 4.6 million people in England, acknowledged tha...
Posted: Feb 28, 2024
According to credit ratings agency AM Best, a staggering number of insurers are relying on outside asset managers to handle a portion of their investment portfolios. In a recent report released by the firm, it highlights that the percentage of lif...
Posted: Feb 28, 2024
ReSource Pro, a provider of business process solutions for the insurance industry, has appointed Ernie Feirer to the position of Senior Vice President (SVP), Carrier Practice. In this role, he will lead a team of expert insurance professionals ded...
Posted: Feb 28, 2024
The UK has the highest proportion of “fragile firms” out of all major European economies, another sign of the headwinds facing Prime Minister Rishi Sunak as he attempts to boost growth. About 15% of small and medium-sized enterprises in t...
Posted: Feb 28, 2024
FWD Group, a pan-Asian life insurance business, has announced it is extending its partnership with Microsoft to provide access to the latest generative artificial intelligence (AI) innovations, while continuing to support FWD’s cloud-first t...
Posted: Feb 28, 2024
Officials have ordered nearly 5,000 residents in the Panhandle cities of Canadian, Fritch and Glazier to shelter in place Tuesday as four separate wildfires engulfed the region, burning more than 280,000 acres. Residents in Hemphill County, where Can...
Posted: Feb 28, 2024
A cyberattack that has disrupted Change Healthcare’s computer networks for nearly a week is creating a growing administrative problem for pharmacies and health-care providers around the nation. Change Healthcare, a division of UnitedHealth Grou...
Posted: Feb 28, 2024
David Loughran has been promoted to Chief Operating Officer (COO) of Praedicat, the liability emerging risk analytics company. Loughran, who previously served as Praedicat’s Senior Vice President of Product & Chief Economist, has been wi...
Posted: Feb 28, 2024
OpenAI has asked a federal judge to dismiss parts of the New York Times’ copyright lawsuit against it, arguing that the newspaper “hacked” its chatbot ChatGPT and other artificial-intelligence systems to generate misleading evidence...
Posted: Feb 28, 2024
Legal & Contingency Ltd. (L&C), the London-based MGA that specializes in underwriting legal indemnities and title risks, announced the launch of an insurance policy which will cover the installation of electric vehicle charging points in Engl...
Posted: Feb 28, 2024
Two state insurance departments have named new people to high-level positions. North Carolina Insurance Commissioner Mike Causey this week announced that Amy Funderburk, a longtime attorney for a number of state government agencies and a credit union...
Posted: Feb 28, 2024
A Florida Senate committee on Tuesday approved an amended bill that could potentially reduce workers’ compensation costs for first responders in the state, people who are at increasing risk of exposure to accidental fentanyl overdoses. Senate B...
Posted: Feb 28, 2024
The Equal Employment Opportunity Commission (EEOC) is suing a Boston property management firm for allegedly violating federal law by failing to provide a reasonable accommodation to a new hire with a disability and subsequently withdrawing her job of...
Posted: Feb 28, 2024
Snow was expected to pick up across portions of Oregon, Northern California and northwestern Nevada by Wednesday night, according to AccuWeather meteorologists, who are forecasting heavy snow to expand through the northern and central Sierra on Thurs...
Posted: Feb 28, 2024
Several multilateral financial organisations have collaborated to establish the Alliance of African Multilateral Financial Institutions (AAMFI), under the patronage of Nana Addo Dankwa Akufo-Addo, the President of Ghana. This significant initiativ...
Posted: Feb 28, 2024
An earthquake of 4.9 magnitude struck north of Boise, Idaho, reportedly causing no major damage or injuries, authorities confirmed. The quake happened at 10:25 a.m. on Monday and was centered about 6.2 miles north of Smiths Ferry, according to the &#...
Posted: Feb 28, 2024
A review of 14 horse deaths at Saratoga Race Course last summer found no definitive cause of why they happened, saying rainfall “could not be overlooked” as a factor. The Horseracing Integrity and Safety Authority, in a report released Mo...
Posted: Feb 28, 2024
A review of 14 horse deaths at Saratoga Race Course last summer found no definitive cause of why they happened, saying rainfall “could not be overlooked” as a factor. The Horseracing Integrity and Safety Authority, in a report released Mo...
Posted: Feb 28, 2024
A New Mexico judge has set a trial date for Alec Baldwin on an involuntary manslaughter charge stemming from the 2021 deadly shooting on the set of the Western movie “Rust.” The scheduling order calls for jury selection to begin …
Posted: Feb 28, 2024
Chris Hudnall has joined Alliant Insurance Services as vice president within its Alliant Americas division. Hudnall is based in Denver. Before joining Alliant, Hudnall was vice president at Moreton & Company and worked as an associate producer at...
Posted: Feb 28, 2024
This post is part of a series sponsored by AgentSync. The insurance industry has been slow to adopt digital-first frameworks for doing business, and the part of the business that deals with compliance and regulation change management even more so. &#...
Posted: Feb 28, 2024
Clearsurance.com recently released a guide to deductibles in which they reported that a deductible is not necessary for insurance to cover damage to another vehicle when the policyholder causes a crash.
Posted: Feb 27, 2024
The mutual insurer sought to efficiently build high-performing, explainable pricing models.
Posted: Feb 27, 2024
Insurers should be focused on conveniently offering customers a variety of insurance options that go beyond their core business solutions in order to more broadly meet the expectations of today’s consumers.
Posted: Feb 27, 2024
Every independent insurance agency owner wants to improve the value of their agency. Here are the top ways to improve your agency value in 2024.
Posted: Feb 27, 2024
Sara Kane of CAC Specialty delves into insurance and risk trends in power and renewable energy in 2024.
Posted: Feb 27, 2024
How are average weekly wages calculated when that injured worker is juggling multiple jobs?
Posted: Feb 27, 2024
Attendees at the 2024 Complex Claims and Litigation Forum learned why organizational adaptability is critical when navigating intricate insurance disputes.
Posted: Feb 27, 2024
The insurtechs on the publication’s Fintech 50 2024 list are each using technology in novel ways in an effort to make insurance more accessible.
Posted: Feb 27, 2024
Insurance industry news from Higginbotham, RT Specialty, RIMS and more.
Posted: Feb 27, 2024
Insurers and their partners face challenges when it comes to integrating AI into business processes, Xceedance reports.
Posted: Feb 27, 2024
Building on a collaboration beginning in 2022, One Inc’s ClaimsPay has been integrated with Sapiens ClaimsPro, enabling rapid implementation of digital payment solutions.
Posted: Feb 27, 2024
eurochange is a British foreign exchange company.
Posted: Feb 27, 2024
Digisure attracted over $20 million in funding.
Posted: Feb 27, 2024
Posted: Feb 27, 2024
CRC Group, headquartered in Birmingham, Alabama, hired Vince Colosimo as executive vice president in the company’s New York City downtown office. Colosimo will assume the role of office president in mid-2025, with current Office President Fred...
Posted: Feb 27, 2024
This edition of International People Moves details appointments at the brokers Price Forbes and Marsh. A summary of these new hires follows here. Ardonagh’s Price Forbes Taps Horler From Lockton as Deputy CEO Sarah Horler has been appointed as...
Posted: Feb 27, 2024