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Columbia Insurance Group (CIG), headquartered in Columbia, Missouri, hired Aaron Rieth as vice president of excess and surplus (E&S). In this newly created position, Rieth leads the development of CIG’s direct-to-agent E&S solution. Rie...
Posted: Nov 20, 2024
Insurance holding company Delphi has announced the appointment of Jeffrey Lebovitz as Executive Vice President and Chief Financial Officer. In his new role, Lebovits will leverage his over 20 years of experience with major investment firms and glo...
Posted: Nov 20, 2024
Florida’s newest legislative leaders on Tuesday rattled some sabers about property insurance rates and claims but offered no agenda for the upcoming session that begins in March, according to state news reports. Incoming Senate President Ben Al...
Posted: Nov 20, 2024
Embroker, a digital insurance platform simplifying the insurance process for businesses, has released its “2024 Cyber Risk Index: Startup Edition,” revealing a steady rise in cyber insurance adoption with a focus on simplicity, resilie...
Posted: Nov 20, 2024
Collaboration focused on helping repairers easily identify OEM-recommended calibrations for collision-damaged vehicles equipped with Advanced Driver-Assistance Systems (ADAS)
Posted: Nov 20, 2024
The acquisition expands Alpine’s offerings to include expertise in complex losses involving electrical equipment and business-critical assets.
Posted: Nov 20, 2024
Agentech takes AI’s potential a step further by offering a hybrid model: 80% out-of-the-box functionality combined with a 20% custom large language model (LLM) tailored to each carrier’s specific guidelines and nuances.
Posted: Nov 20, 2024
Cyber attacks are on the rise in the insurance sector. Here's what industry players should look out for and tips for avoiding a data slip.
Posted: Nov 20, 2024
This expansion complements IMA’s established Employee Benefits and Retirement divisions in the Southeast.
Posted: Nov 20, 2024
Hurricane Wind Speeds Increased by 18MPH Over Past Five Years: Study A new study shows...
Posted: Nov 20, 2024
GULFPORT, Miss. (AP) — A Mississippi Gulf Coast restaurant and its co-owner it were sentenced Monday on federal charges of mislabeling inexpensive imported seafood as local premium fish. Mary Mahoney’s Old French House, founded in Biloxi in 196...
Posted: Nov 20, 2024
The Library of Congress has notified lawmakers of a “cyber breach” of its IT system by an adversary, a hack of emails between some congressional offices and library staff, according to an email obtained by The Associated Press. The librar...
Posted: Nov 20, 2024
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has announced the acquisition of certain assets of EBA Services LLC dba AnchorGroup. Kiehl Hutchings from AnchorGroup will join NFP as Vice President of Benefits and will r...
Posted: Nov 20, 2024
RALEIGH, N.C. (AP) — Almost two months after Hurricane Helene wreaked havoc on western North Carolina, Republican lawmakers grilled officials Monday over how they handled two other hurricanes that hit the state several years ago. As part of a massive...
Posted: Nov 20, 2024
How to Tackle Key Insurance Claims Challenges Claims
Posted: Nov 20, 2024
T-Mobile US Inc. was able to contain a recent network breach before it reached customers’ phones, according to people familiar with the matter. Hackers accessed edge-routing infrastructure and gained unauthorized access to a limited number of d...
Posted: Nov 20, 2024
Technosylva, a provider of wildfire simulation modeller, risk analysis, and operational response software solutions, has acquired global catastrophe modelling software company, KatRisk. The pair will now offer an integrated approach for risk asses...
Posted: Nov 20, 2024
A Northern California city has agreed to pay nearly $1 million to settle a lawsuit alleging police used excessive force after a K-9 dog bit into a woman’s scalp during her arrest, requiring her to get more than 200 stitches …
Posted: Nov 20, 2024
Global broker WTW has announced a partnership with Kayna, an embedded insurance infrastructure platform, and Vibrant to support third-party vendor cybersecurity insurance compliance. US-based vertical SaaS platform Vibrant manages third-party vend...
Posted: Nov 20, 2024
Prosecutors report that a New York insurance broker has admitted his role in a $38 million employment tax fraud scheme involving nursing homes he owned across the country, U.S. Attorney Philip R. Sellinger announced that Joseph Schwartz, of Suffern,...
Posted: Nov 20, 2024
Specialty insurer MS Transverse Insurance Group has announced the appointment of Tanya Korobeinikova as Senior Vice President (SVP), Ceded Reinsurance. Korobeinikova brings more than 20 years of industry experience, specialising in underwriting, p...
Posted: Nov 20, 2024
AI Weather Models Have Shown Promise This Hurricane Season When Hurricane Beryl was rushing acro...
Posted: Nov 20, 2024
Insurance Business Magazine - US
Posted: Nov 20, 2024
Allstate Thinks Outside the Cubicle With Flexible Workspaces After ditching two-th...
Posted: Nov 20, 2024
Insurance Business Magazine - US
Posted: Nov 20, 2024
Struggling Businesses at Corner Where George Floyd Was Murdered Sue Minneapolis Several...
Posted: Nov 20, 2024
The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden’s administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. Although regu...
Posted: Nov 20, 2024
Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has launched Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939. With an initial US$10 million worldwide facility, the product cover...
Posted: Nov 20, 2024
DWF, a provider of combined legal and business services, has announced an agreement to recruit the London market team from Australian law firm Hall & Wilcox, with the move set to take effect by May 2025 at the latest. The team, led by Matt Cur...
Posted: Nov 20, 2024
As insurers grapple with severe weather and emerging risks, advanced location intelligence offers solutions for the P&C industry, according to Nearmap. The post
Posted: Nov 20, 2024
International Game Technology Plc, operator of popular slot machines in casinos, said an unauthorized third party gained access to certain of its systems. The company has experienced disruptions in portions of its internal information technology syst...
Posted: Nov 20, 2024
United Insurance Brokers (UIB) Group has announced the official opening of a new representative office in Kathmandu, Nepal, as part of its ongoing expansion in Asia. With regulatory approvals from the Monetary Authority of Singapore and the Nepal...
Posted: Nov 20, 2024
The lawyer for a former cast member of the “Real Housewives of New York” told a federal judge Thursday that the First Amendment cannot shield the show’s creators from a lawsuit alleging that the show’s participants were subjec...
Posted: Nov 20, 2024
The Supervisory Board of Deutsche Rückversicherung AG (Deutsche Rück) has announced the appointment of Achim Bosch as the new Chief Executive Officer (CEO), effective 1 July 2025. Bosch will succeed Frank Schaar, who has served as CEO since Februa...
Posted: Nov 20, 2024
Reinsurance giant Swiss Re still positions sustainable infrastructure as being “super attractive” as an asset class, despite it still not being deemed as being an official asset class, according to Jérôme Jean Haegeli, Swiss Re’s Group...
Posted: Nov 20, 2024
New research reveals serious privacy flaws in the data practices of new internet connected cars in Australia. It’s yet another reason why we need urgent reform of privacy laws. Modern cars are increasingly equipped with internet-enabled feature...
Posted: Nov 20, 2024
According to analysts at Fitch Ratings, changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority (APRA) could wind up supporting Australian general insurers’ credit profiles over the medium ter...
Posted: Nov 20, 2024
BMS Group, the independent specialist insurance and reinsurance broker, has announced the appointment of Ryan Phillips as Director & African Practice Leader, effective March, 2025. Based in London, Phillips will report to Paul Galvin, Director...
Posted: Nov 20, 2024
The UK’s top financial regulator has spent much of its eleven-year history in combat with the industry it oversees, a tone set by its first chief executive Martin Wheatley, whose zeal for fining banks got him ousted in 2015. Now, …
Posted: Nov 20, 2024
Michael Paczolt, principal actuary at Milliman, shares valuable insights on the evolving role of artificial intelligence and predictive analytics in workers' compensation claims management The post
Posted: Nov 20, 2024
Last month’s catastrophic floods in eastern Spain are likely to have a negative impact of 0.2 percentage points on the country’s gross domestic product in the fourth quarter, the Bank of Spain said on Wednesday. More than 200 people died...
Posted: Nov 20, 2024
Reinsurance broker Lockton Re has partnered with global data analytics and technology provider Verisk, to develop new re/insurance products that address the growing impact of climate change on agriculture. In this collaboration, Lockton Re will le...
Posted: Nov 20, 2024
Tokio Marine’s international business reported Q2 2024 fiscal year profit of JYP 251.4 billion ($1.62 billion), an increase of 24.5% from the same period of the previous year, while net premiums written surged 14.8% to JYP 1,706.7 billion ($10.97...
Posted: Nov 20, 2024
This post is part of a series sponsored by AgentSync. Data is at the core of the insurance industry. From the smallest independent agencies to the largest legacy carriers, insurance organizations of all sizes house data. This includes distribution ch...
Posted: Nov 20, 2024
Rokstone, a global specialty re/insurance MGA under the Aventum Group, has announced the launch of Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939. The initiative begins with a global facility of USD 10 million, offering c...
Posted: Nov 20, 2024
Despite losses from hurricanes Helene and Milton in the second half of the year, underwriting profit margins remain strong for reinsurers and 2024 is poised to be another solid year for the sector, leading ratings agency AM Best to maintain its po...
Posted: Nov 20, 2024
London market technology specialists Ebix Europe has announced the appointment of industry veteran Jeff Ward as its new Sales Director, effective immediately. In his new role, Ward will focus on Ebix Europe’s three flagship products – PlacingHub,...
Posted: Nov 20, 2024
Posted: Nov 20, 2024