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Insurance and reinsurance broker McGill and Partners has named Samuel Harris, who joined the firm in 2022, as a Partner in its Complex Property and Casualty team. Harris joined the brokerage two years ago as an Associate with a focus on mining and...
Posted: Apr 26, 2024
Global insurance and reinsurance broker Aon has reported a 5% increase in total revenue in the first quarter of 2024 to $4.1 billion, reflecting 5% organic growth and a strong performance its Reinsurance Solutions arm. Aon attributes the $199 mill...
Posted: Apr 26, 2024
Vantage Group Holdings Ltd. recently announced the launch of its U.S. Large Property offering via its U.S. subsidiaries, which builds on its existing property expertise and sustained portfolio growth. The new offering has been designed to serve a...
Posted: Apr 26, 2024
The use of smartphones while driving continues to rise. Risk & Insurance spoke with Arity’s director of outbound product management about how telematics can help us understand driver behavior — and save lives. The post
Posted: Apr 26, 2024
According to Fitch Ratings, German non-life insurers’ profitability will start to recover from historical lows in 2025, with weak returns continuing to be seen in 2024 due to low investment income and higher reinsurance costs. However, the a...
Posted: Apr 26, 2024
Cincinnati Financial Corporation announced a notable surge in its first-quarter 2024 net income, reaching $755 million, a significant improvement compared to $225 million in the first quarter of 2023. This increase was primarily driven by a $484 m...
Posted: Apr 26, 2024
The World Bank has priced a catastrophe bond that provides $150 million in insurance coverage for the Government of Jamaica against named storm events. IBRD CAR Jamaica 2024 is a renewal of The World Bank’s 2021 cat bond for Jamaica, IBRD CAR 130,...
Posted: Apr 26, 2024
Insurer The Hartford has reported strong Q1 2024 results with net income of $748 million, up 41% on the $530 million seen a year earlier, as P&C written premiums increased 9% in the quarter on the back of 8% growth in commercial lines and 13%...
Posted: Apr 26, 2024
Insurance Business Magazine - US
Posted: Apr 26, 2024
Posted: Apr 26, 2024
Posted: Apr 26, 2024
Universal Insurance Holdings has announced net income of $33.7 million for the first quarter of 2024, an increase of more than 39% on the prior year quarter, as the company’s combined ratio strengthened by 4.5 percentage points to 95.5%. As...
Posted: Apr 26, 2024
JEFFERSON CITY, Mo. (AP) — The manufacturer of a popular weedkiller won support Wednesday from the Missouri House for a proposal that could shield it from costly lawsuits alleging it failed to warn customers its product could cause cancer. The …...
Posted: Apr 26, 2024
Global insurance broker A. J. Gallagher & Co. has reported net earnings of $612.7 million for the first quarter of 2024, an increase of 26% on the $486.6 million seen a year earlier, driven by a strong performance in both its brokerage and ris...
Posted: Apr 26, 2024
An active weather pattern could bring destructive tornadoes, heavy rains, large hail and strong wind gusts to parts of the central United States over the next several days, according to meteorologists at the National Weather Service and Accuweather....
Posted: Apr 26, 2024
Global insurance and reinsurance brokerage Aon has completed the previously announced acquisition of NFP, a middle-market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor. This acquisition expands Aon&#...
Posted: Apr 26, 2024
Reinsurance giant Swiss Re, as part of a partnership with automotive tech firm Luminar, has recently completed a milestone in the safety performance assessment of Luminar’s LiDAR (Light Detection And Ranging) and software driving system. Las...
Posted: Apr 26, 2024
HOUSTON (AP) — A judge has declined to dismiss hundreds of lawsuits filed against rap star Travis Scott over his role in the deadly 2021 Astroworld festival in which 10 people were killed in a crowd surge. State District Judge …
Posted: Apr 26, 2024
With cloud seeding, it may rain, but it doesn’t really pour or flood — at least nothing like what drenched the United Arab Emirates and paralyzed Dubai, meteorologists said. Cloud seeding, although decades old, is still controversial in the wea...
Posted: Apr 26, 2024
US regulators reinstated net neutrality rules that aim to ensure everything on the internet is equally accessible, reclaiming authority over broadband service and setting the stage for legal challenges. The Federal Communications Commission’s D...
Posted: Apr 26, 2024
Berkshire Hathaway Specialty Insurance (BHSI), a property and casualty insurer (P&C), has announced the appointment of Hart Humble to the newly created position of Head of Customer & Broker Engagement for the South Central U.S. In her new...
Posted: Apr 26, 2024
A simulated cyber catastrophe highlights the benefits and problems cyber insurance carriers will encounter as a result, according to a report released by Lockton Re. The report, “A Kaleidoscope of Possibilities: Preparing for Ivan Wiper,”...
Posted: Apr 26, 2024
Previous workers’ compensation claims can present an opportunity for agents serving small-business clients. The Hanover’s “2024 Small Business Risk Report: A Focus on Workers’ Compensation,” which surveyed 300 small busi...
Posted: Apr 26, 2024
French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum capital rules to banks and insurers so that they are not too risk-averse and Europe is put at an economic disadvantage. The Basel Committee of …
Posted: Apr 26, 2024
An employer cannot deny a workers’ compensation claim on the grounds that a shooting injury was not work-related then turn around and argue it has immunity from a tort lawsuit because the incident happened at work, a Florida appeals court ̷...
Posted: Apr 26, 2024
The family of a Nigerian business leader who died in a Southern California helicopter crash that killed five others in February filed a lawsuit claiming the flight should have been grounded because of treacherous weather. Relatives of Abimbola Ogunba...
Posted: Apr 26, 2024
The family of a Nigerian business leader who died in a Southern California helicopter crash that killed five others in February filed a lawsuit claiming the flight should have been grounded because of treacherous weather. Relatives of Abimbola Ogunba...
Posted: Apr 26, 2024
A Boston man has been charged with a fraud scheme in which prosecutors say he collected about $45,000 in unearned sales commissions on insurance policies he created using personally identifiable information stolen from individuals. The state attorney...
Posted: Apr 26, 2024
Orion180 is expanding its homeowners insurance services to Arizona under a push by the company into the Western U.S. Orion180 currently operates in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina and South Carolina through its two ins...
Posted: Apr 26, 2024
Merritt Healthcare Advisors, a Connecticut mergers and acquisitions (M&A) advisory firm for healthcare practices, has agreed to a $1.525 million settlement of a class action stemming from a 2022 data breach. The money will go into a fund to compe...
Posted: Apr 26, 2024
A jury on Wednesday rejected a woman’s lawsuit seeking tens of millions of dollars from Virginia’s largest school system over allegations that she was raped multiple times as a middle schooler. The woman, who was identified in court paper...
Posted: Apr 26, 2024
Omaha National Group Inc., the tech-enabled provider of workers’ compensation insurance, has acquired Sutter Insurance Company, a California-domiciled inusrer. Sutter has been renamed to Omaha National Casualty Company, owned by Omaha National whi...
Posted: Apr 26, 2024
A three-alarm fire in Newton, Massachusetts this week was most likely caused by the combustion of oily rags used during renovations on the unoccupied home, according to Newton Fire Chief Gregory J. Gentile. The Newton Fire Department responded to 8 &...
Posted: Apr 26, 2024
The Workers’ Compensation Insurance Rating Bureau of California submitted its Sept. 1, 2024, pure premium rate filing to the California Department of Insurance, proposing advisory rates on average 0.9% above the average approved Sept. 1, 2023 r...
Posted: Apr 26, 2024
A US insurance firm with at least $2 billion in exposure to Thames Water Utilities Finance Plc is working with bondholders and advisers to protect their interests ahead of potential debt talks, according to people familiar with the matter. Assured &#...
Posted: Apr 25, 2024
Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said, as Moscow seeks to facilitate trade with India ami...
Posted: Apr 25, 2024
The world’s forum for banking regulators on Thursday tightened up its rulebook to focus better on spotting risks from climate change, the rise of non-banks, and digitalisation of finance. The Basel Committee on Banking Supervision, made up of b...
Posted: Apr 25, 2024
Aon plc said late Thursday that it has completed its $13 billion acquisition of middle-market P/C broker NFP. The purchase price will be funded by $7 billion in cash and $6 billion of Aon stock. Closing was earlier than originally …
Posted: Apr 25, 2024
ALKEME announced the acquisition of Ralph Weiner & Associates, a retail insurance agency based in Wheeling, Illinois. Established in 1951, Ralph Weiner & Associates has earned acclaim for its specialized focus on the long-term health care fac...
Posted: Apr 25, 2024
The CyberShock consortium is designed to offer up to $50 million of per-program capacity providing tailored, event-based protection for cyber insurers worldwide.
Posted: Apr 25, 2024
An agency is getting regular requests from homeowners associations (HOAs) to list the HOA as an additional insured on its tenants’ renters insurance policies. However, the carriers will only list the HOAs as certificate holders or additional interest...
Posted: Apr 25, 2024
The technology industry veteran will lead iPipeline’s financial management to drive its long-term growth strategy.
Posted: Apr 25, 2024
Amy Zupon emphasized change and unprecedented investment in products, with a focus on three key industry trends.
Posted: Apr 25, 2024
Selerix is a benefits administration platform.
Posted: Apr 25, 2024