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Family Dollar agreed this week to pay $41.7 million for holding food, drugs, medical devices, and cosmetics under insanitary conditions at company’s West Memphis, Arkansas, distribution center. A criminal information unveiled Feb. 26 in federal...
Posted: Feb 27, 2024
In a recent earnings call, Munich Re CEO Joachim Wenning highlighted the imperative need for governmental intervention in the face of escalating cybersecurity threats, shedding light on the limitations of private insurance in covering these risks....
Posted: Feb 27, 2024
Insurance Business Magazine - US
Posted: Feb 27, 2024
Insurance Business Magazine - US
Posted: Feb 27, 2024
Pittsburgh Faulted for Poor Inspection, Upkeep of Bridge That Collapsed The city of Pittsburgh, Pennsyl...
Posted: Feb 27, 2024
Large Scale Auto Insurance Fraud Scheme Busted in Massachusetts Six people have been indicted in connection with t...
Posted: Feb 27, 2024
Millennials Most Likely to Embrace AI in P&C Insurance Out of any other generation, millennials...
Posted: Feb 27, 2024
Coello established K2 Financial from startup to a $65 million premium business over the last decade.
Posted: Feb 27, 2024
DES MOINES, Iowa (AP) — U.S. authorities have accused another sanitation company of illegally hiring at least two dozen children to clean dangerous meat processing facilities, the latest example of illegal child labor that officials say is increasing...
Posted: Feb 27, 2024
The owner of a suburban Chicago insurance agency has been sentenced to seven years in federal prison for swindling more than $1 million from clients by collecting annuity premiums for policies that he never purchased, the U.S. Attorney’s Office...
Posted: Feb 27, 2024
Chubb, in collaboration with the National Center for the Middle Market (NCMM), has unveiled the latest insights from the 2023 Year-End Middle Market Indicator (MMI), shedding light on the resilience and growth of middle market companies amidst a b...
Posted: Feb 27, 2024
Six people have been indicted in connection with the alleged filing of fraudulent insurance claims through their auto body repair business in Everett, Massachusetts. Four of the defendants were arraigned this week in Middlesex Superior Court, while t...
Posted: Feb 27, 2024
Signers National, the New York-based parent of several insurance companies, said it has acquired Ballantyne Insurance Group in Charlotte, North Carolina. Ballantyne specializes in coverage for human service organizations. It is own by William Bradley...
Posted: Feb 27, 2024
Southern California Edison agreed to pay the United States $80 million to cover costs and damages incurred by the U.S. Forest Service from the 2017 Thomas wildfire in California’s Los Padres National Forecast, the Department of Justice said on...
Posted: Feb 27, 2024
The Stonybrook Capital and Weild & Co. North American Insurance Composite showed a notable increase of 1.5% during the week of February 16th-23rd, maintaining its record setting performance from the preceding week (Feb 9th-16th), which saw a r...
Posted: Feb 27, 2024
MONTGOMERY, Ala. (AP) — Lawmakers began scrambling for ways to protect Alabama in vitro fertilization services after multiple providers paused treatment in the wake of a state Supreme Court ruling that frozen embryos could be considered children unde...
Posted: Feb 27, 2024
Removing Hesitancy Around Telematics Auto Insurance ClareCarroll1 Tue, 02/27/2024 - 10...
Posted: Feb 27, 2024
The European Parliament on Tuesday approved tougher penalties for environmental crimes such as illegal timber trade, with offenses punishable by up to 10 years in prison and company directors prosecuted for corporate wrongdoing. “It is about ti...
Posted: Feb 27, 2024
10 Pivotal Challenges Facing Insurers in 2024 Leadership ClareCarroll1 Tue, 02/27/2024 - 1...
Posted: Feb 27, 2024
Steadfast Group, a leading Australian insurance brokerage network, announced a 21.4% increase in unaudited underlying Earnings Before Interest, Taxes, and Amortization (EBITA) for 1H24 compared to the same period last year. The underlying EBITA wa...
Posted: Feb 27, 2024
A Reality Check for Generative AI AI & Machine Learning ClareCarroll1 Tue, 02/27/...
Posted: Feb 27, 2024
(Bloomberg) — When Chris Malachowsky, a billionaire founder of chip giant Nvidia Corp., bankrolled one of the world’s biggest supercomputers at the University of Florida, Ron DeSantis predicted the machine would be a magnet for artificial...
Posted: Feb 27, 2024
AXA’s 2023 Earnings Miss Forecasts on Higher Costs, Lifts Dividend 16% France's AXA, Europe's second-biggest...
Posted: Feb 27, 2024
Beazley Creates Cyber Risk Management Company Beazley, the Lond...
Posted: Feb 27, 2024
Global insurance provider RSA Insurance has announced a number of changes to its Commercial Lines leadership team, who will lead the combined business following the acquisition of NIG/FarmWeb. In September 2023 RSA agreed to acquire Direct Line’s...
Posted: Feb 27, 2024
To compete against international reinsurers’ better prices, and increase profitability, insurers in countries part of the Commonwealth of Independent States (CIS), will likely grow their reinsurance business, but this would also bring new risks, a...
Posted: Feb 27, 2024
An exception to the workers’ compensation “coming-and-going” rule applies where the employer provides the transportation even if the employer says there was no explicit agreement that he would supply rides. The exception can apply w...
Posted: Feb 27, 2024
Rating agency AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Marco Re Limited (Guernsey), simultaneously assigning a stable outlook to these ratings. Macro Re, a wholl...
Posted: Feb 27, 2024
Insurance Business Magazine - US
Posted: Feb 27, 2024
Insurance Business Magazine - US
Posted: Feb 27, 2024
Coello established K2 Financial from startup to a $65 million premium business over the last decade.
Posted: Feb 27, 2024
The number of worldwide mergers and acquisitions in the insurance sector in 2023 dropped to 346 in 2023, down from 449 in the previous year, according to a new report from Clyde & Co. But the global law firm believes …
Posted: Feb 27, 2024
Swiss Re, a global reinsurance firm, recently released a report highlighting key insights from the insurance-linked securities (ILS) market in 2023, which emphasises a surge in new issuance and strong investment performance in the catastrophe bond...
Posted: Feb 27, 2024
Global specialty broker Price Forbes appointed Sarah Horler as its new Deputy Chief Executive Officer, effective May 2024. Horler’s appointment marks a significant addition to the leadership team of Ardonagh Specialty’s insurance segme...
Posted: Feb 27, 2024
After another year of more than $100 billion of insurance and reinsurance industry losses from natural catastrophes in 2023, and with no major influx of fresh capital, the hard market environment is expected to persist, according to Munich Re̵...
Posted: Feb 27, 2024
AXA XL has announced that it’s US Mid-Market insurance business is extending its general liability coverage for mid-size businesses by rolling out its new XL Plus broadening endorsement, which offers more than two dozen expanded protections....
Posted: Feb 27, 2024
"Some of these tools are incredibly promising, with proven results. So, what’s keeping some insureds from taking advantage of these programs? Insurers and insureds tell me the same: Employees don’t want Big Brother watching them." The post...
Posted: Feb 27, 2024
K2 Insurance Services, an independent specialty insurance program manager, has announced the appointment of Richard Coello as CEO of K2 Group Holdings Limited (K2 International), effective March 1, 2024. Coello has a successful track record of bui...
Posted: Feb 27, 2024
In the latest update from Gallagher Specialty on the global property insurance market, significant shifts are noted, particularly in the USA region. Reports indicate smoother treaty renewals towards the end of the year, with reinsurers largely mai...
Posted: Feb 27, 2024