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Skuld appoints Thea Thorstensen & Nicola Kingman to key roles

Reinsurance News

Global marine insurer Skuld has appointed Thea Thorstensen to its global business development team and Nicola Kingman as Global Head of Yachts. Thorstensen has been with Skuld for over a decade, holding various roles including Underwriter Executiv...

Posted: Apr 11, 2025

Pennsylvania Approves Workers’ Compensation Loss Costs Drop of 8.67%

Insurance Journal

The Pennsylvania Insurance Department (PID) has approved a workers’ compensation filing with an 8.67% reduction in loss costs. New or renewal policies issued on or after April 1, 2025 will be subject to the new loss costs. Because loss costs &#...

Posted: Apr 11, 2025

Utah Insurance Department Warns of Phony Policies Sold on Social Media

Insurance Journal

The Utah Insurance Department’s Fraud Division is warning consumers about an increase in fake auto insurance policies being marketed to the Hispanic community using WhatsApp. The department has not identified the sellers, but they believe them...

Posted: Apr 11, 2025

California’s Effort to Hold Oil Companies Liable for Natural Disasters Stalls

Insurance Journal

California lawmakers have blocked a bill to make oil and gas companies liable for damage to homes from natural disasters caused by climate change, warning it could raise gas prices. The bill would have allowed victims of natural disasters, including...

Posted: Apr 11, 2025

New Hampshire PFAS Case Sent Back to State Court

Insurance Journal

The First Circuit Court of Appeals has blocked the 3M Co.’s attempt to remove New Hampshire’s PFAS chemical case to federal court. The appeals court affirmed a 2023 order by the U.S. District Court for the District of New Hampshire &#8230...

Posted: Apr 11, 2025

If a Tree Falls on a House, Is the City Liable?

Insurance Journal

An insurer has succeeded in holding a Massachusetts city responsible for $40,000 in damages caused by a tree that fell from city property onto an insured’s home. Citation Insurance Co. paid the homeowner’s damages claim and then sought re...

Posted: Apr 11, 2025

Canadian Exporters Inquire About Trade Credit Insurance as Trump’s Tariffs Raise Risk

Insurance Journal

A little-known insurance product is gaining traction in Canada as exporters seek to guard against losses and bankruptcies of their suppliers and customers due to U.S. President Donald Trump’s tariffs, insurers said. Trade credit insurance for i...

Posted: Apr 11, 2025

The Top 5 Takeaways from INTRConnect 2025

Insurance Journal

This post is part of a series sponsored by Cotality. While the Los Angeles wildfires disrupted and devastated so many lives, they also highlighted the urgent need for property insurance stakeholders to come together and start addressing the insurance...

Posted: Apr 10, 2025

Should Subcontractor-Caused Damage Be Covered by General Contractor’s CGL Installation Floater?

IA Magazine

A subcontractor called the general contractor and told him he moved a water supply line, after which a leak occurred. The sub filed a claim, but now denies he ever touched the supply line. The sub's carrier won't follow through with the claim.

Posted: Apr 10, 2025

ACORD Releases Gen 2.0 Data Standards for Global (Re)Insurance

IIR

The standards aim to support end-to-end digitalization across the industry.

Posted: Apr 10, 2025

Majesco Spring ’25 Release: Insights to Impact

IIR

The new release expands the capabilities of Majesco Copilot and introduces other AI-enabled automation and operational tools for improved efficiency and scalability.

Posted: Apr 10, 2025

Elysian Launches AI-Orchestrated Platform For Third-Party Claims Administration

IIR

Insurance veteran Grace Hanson seeks to fix broken claims handling processes with an AI-driven solution.

Posted: Apr 10, 2025

Aon Launches Profitable Growth Tool for Insurer Benchmarking

IIR

The diagnostic tool helps insurers assess performance and develop strategies for sustainable growth.

Posted: Apr 10, 2025

Liberty Mutual Offers Smart Water Leak Protection with Moen

IIR

Through the partnership, the insurer seeks to reduce water damage claims and promote conservation.

Posted: Apr 10, 2025

Willis Names Dom Spinelli Head of Transactional Insurance Claims

IIR

Spinelli will lead North American claims operations within the Alternative Asset Insurance Solutions group.

Posted: Apr 10, 2025

Helicopter Crashes Into Hudson River With Multiple Fatalities

Insurance Journal

A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety. “At this time, all six victims …

Posted: Apr 10, 2025

Crum & Forster expands TripExcess

coverager

TripExcess provides a "fast, flexible" alternative to traditional annual excess policies.

Posted: Apr 10, 2025

Seamless submissions with Sembley and HawkSoft

coverager

Pre-fill ACORD Forms and ensure consistency across submissions HawkSoft and Sembley are announcing a new integration that streamlines the insurance submission process for independent agencies. This partnership enables agencies to...

Posted: Apr 10, 2025

Bridging the Babel: How AI-Powered Voice Translation Will Improve Claims

Risk & Insurance

This is not simply about translation. It's about building bridges of understanding, fostering trust, and ushering in an era of inclusive claims management. The post

Posted: Apr 10, 2025

People Moves: Markel Promotes Brooke to Senior Underwriter of War and Terrorism; BHSI Promotes Kidd...

Insurance Journal

Markel Promotes Brooke to Senior Underwriter of War and Terrorism Markel, the insurance operations within Markel Group Inc., announced that Matthew Brooke has been promoted to senior underwriter, War and Terrorism, effective immediately. Reporting to...

Posted: Apr 10, 2025

Lloyd’s approves OAK Re’s increased business plan for Syndicate 2843

Reinsurance News

London-based reinsurance firm, OAK Re has received Lloyd’s approval to increase the 2025 business plan of Syndicate 2843 to over $400 million of gross written premium. OAK Re’s syndicate business forecast (SBF) was resubmitted after the comp...

Posted: Apr 10, 2025

Ethos Capital, BCI, and White Mountains to partner with BroadStreet

coverager

BroadStreet is a middle-market insurance brokerage focused on commercial and personal property & casualty and employee benefits.

Posted: Apr 10, 2025

Meanwhile raises $40 million

coverager

The company's first offering is a whole life insurance product with premiums and claims entirely denominated in bitcoin. 

Posted: Apr 10, 2025

California Wildfires Had Little Impact on Reinsurers’ Risk Appetite During April Renewals

Carrier Management

California Wildfires Had Little Impact on Reinsurers’ Risk Appetite...

Posted: Apr 10, 2025

$5 Million Recovered for Union Hit by Spoofed Email

Insurance Journal

The Department of Justice recently recovered approximately $5.3 million for a union hit by a business email compromise (BEC) scheme. The judgment was the result of a civil forfeiture complaint filed by the United States in June 2024 seeking the &#823...

Posted: Apr 10, 2025

Wisconsin Roofing Contractor Faces $262K Fine for Failing to Protect Employees

Insurance Journal

The U.S. Department of Labor has cited Wisconsin roofing contractor Bacilio Rios Almanza for failing to protect employees atop a residential roof from fatal fall hazards in Appleton in September 2024. After its investigation, the department’s O...

Posted: Apr 10, 2025

Markets/Coverages: The Hanover, Hagerty Partner to Provide Collector Car Protection

Insurance Journal

The Hanover Insurance Group announced a collaboration with Hagerty to provide specialized insurance for classic cars. Hanover Collector Car, powered by Hagerty, combines the total account protection The Hanover is known for with Hagerty’s exper...

Posted: Apr 10, 2025

Rhonda Hasell appointed General Manager and CFO of Hannover Re Bermuda

Reinsurance News

Rhonda Hasell has been appointed to lead Hannover Re Bermuda as General Manager and Chief Financial Officer. Hasell brings to her new role over two decades of experience across New Zealand, Australia and the UK. In the past decade, she has focused...

Posted: Apr 10, 2025

Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses: Allianz

Insurance Journal

Soaring levels of civil unrest and political violence are a key concern for businesses of all sizes as well as their insurers, according to report published by Allianz Commercial. The impact of civil unrest or strikes, riots and civil commotion &#823...

Posted: Apr 10, 2025

Energy sector highly attractive to capital providers, profitability a challenge for insurers: Willis

Reinsurance News

With capacity at an all-time high, the energy insurance market continues to soften, driven by a delicate balance between profitability concerns and the pursuit of market share, a recent Willis report has stated. According to the Energy Market Revi...

Posted: Apr 10, 2025

California Bill Seeks to Beef up Consumer Privacy Protections for Insurance

Insurance Journal

A new bill introduced in California aims to increase transparency and accountability in California’s insurance market by bolstering consumer privacy protections and establishing a privacy rights framework for insurance licensees and their third...

Posted: Apr 10, 2025

EEOC Chief Shifts Focus to Investigating DEI but Methods Provoke an Outcry

Insurance Journal

The acting chief of the top federal agency for protecting worker rights has signaled a pivot toward prioritizing President Donald Trump’s campaign to stamp out diversity, equity and inclusion programs in the private and public sectors. The init...

Posted: Apr 10, 2025

Howden appoints Southern as Group Chief People Officer

Reinsurance News

Global insurance and reinsurance broker Howden has announced the appointment of Kirk Southern as Group Chief People Officer, and will be reporting to David Shalders, Group Chief Operating Officer. Southern has been leading the Group’s People...

Posted: Apr 10, 2025