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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
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
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 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
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 …...
Posted: Apr 11, 2025
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
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
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
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
The standards aim to support end-to-end digitalization across the industry.
Posted: Apr 10, 2025
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
Insurance veteran Grace Hanson seeks to fix broken claims handling processes with an AI-driven solution.
Posted: Apr 10, 2025
The diagnostic tool helps insurers assess performance and develop strategies for sustainable growth.
Posted: Apr 10, 2025
Through the partnership, the insurer seeks to reduce water damage claims and promote conservation.
Posted: Apr 10, 2025
Spinelli will lead North American claims operations within the Alternative Asset Insurance Solutions group.
Posted: Apr 10, 2025
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
TripExcess provides a "fast, flexible" alternative to traditional annual excess policies.
Posted: Apr 10, 2025
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
Insurance Business Magazine - US
Posted: Apr 10, 2025
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
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
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
BroadStreet is a middle-market insurance brokerage focused on commercial and personal property & casualty and employee benefits.
Posted: Apr 10, 2025
The company's first offering is a whole life insurance product with premiums and claims entirely denominated in bitcoin.
Posted: Apr 10, 2025
Insurance Business Magazine - US
Posted: Apr 10, 2025
California Wildfires Had Little Impact on Reinsurers’ Risk Appetite...
Posted: Apr 10, 2025
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 ̷...
Posted: Apr 10, 2025
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
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 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
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 ̷...
Posted: Apr 10, 2025
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
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
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
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