All Posts

New $20M Coverage for California Commercial Property E&S Risks in Wildfire Prone Areas

Insurance Journal

Wildfire Defense Insurance Services is offering a $20 million excess and surplus commercial property coverage for E&S risks in wildfire prone areas of California. The coverage is for total insured value up to $20 million. WDIS offers E&S comm...

Posted: May 08, 2024

New $20M Coverage for California Commercial Property E&S Risks in Wildfire Areas

Insurance Journal

Wildfire Defense Insurance Services is offering a $20 million excess and surplus commercial property coverage for E&S risks in wildfire prone areas of California. The coverage is for total insured value up to $20 million. WDIS offers E&S comm...

Posted: May 08, 2024

On-Demand Webinar — Navigating TCPA and DNC Compliance: Balancing Risk and Reach for Insurance Profe...

Risk & Insurance

Learn more about the complexities of TCPA and DNC compliance and get tips on how to empower insurance agents to expand their reach while mitigating risk in an ever-evolving regulatory landscape. The post

Posted: May 07, 2024

Coface reports €68.4m net income in Q1 2024

Reinsurance News

Credit insurer Coface has reported its first quarter of 2024 results with an improved combined ratio of reinsurance and a net income of €68.4m, up 11.9% compared to the same period the year prior. For this year’s Q1, the insurer also recorded a co...

Posted: May 07, 2024

Revolutionizing Insurance Distribution: Efficiency and Innovation through API Integration and Data U...

Insurance Journal

This post is part of a series sponsored by Dyad. In the dynamic landscape of insurance distribution, the convergence of efficiency and innovation is reshaping traditional workflows and elevating user experiences. Amidst this transformation, several k...

Posted: May 07, 2024

Maryland Hopes to Rebuild Baltimore Bridge for $1.9B With Insurance, Federal, Other Funds

Carrier Management

Maryland Hopes to Rebuild Baltimore Bridge for $1.9B Wit...

Posted: May 07, 2024

6 Steps to Success with Email Automation

IA Magazine

Email can be used to help your customers better understand the value of their coverage, foster a positive relationship with you as their insurance agent and ultimately contribute to long-term customer retention and satisfaction.

Posted: May 07, 2024

Genpact and AWS Speed Market Entry of Revol One Financial

IIR

Genpact’s data, technology, and AI expertise combined with AWS services accelerated Revol One’s entry into the fixed annuity insurance sector.

Posted: May 07, 2024

Sun Life Partners with UKG to Automate Absence Management for Employers

IIR

Sun Life clients who use UKG Pro Workforce Management will be able to save hundreds of hours on absence management tasks.

Posted: May 07, 2024

Triple-I: Florida’s Property Insurance Market Improving Due to Legislative Reforms Curbing Legal Sys...

Insurance Information Institute

For immediate release  Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]    ST. JOHNS, Fla., May 8, 2024 – After years of enduring rampant legal system abuse and claim fraud, Florida’s property insurance market is showing signs of i...

Posted: May 07, 2024

Christian Brothers Services Selects Origami Risk for Policy Admin and Billing

IIR

The insurer is using Origami’s core P&C platform to gain efficiency, robust analytical capabilities, and enhanced service to members, agents and brokers.

Posted: May 07, 2024

MPCH partners with Canopius

coverager

MPCH provides the infrastructure that enables financial institutions to secure and manage their digital assets.

Posted: May 07, 2024

Verita adds workers’ comp coverage

coverager

The MGU targets a variety of industries such as real estate, hospitality, and financial services. 

Posted: May 07, 2024

Majority of Business Execs Say Their Company Unprepared for Cyber Threat

Risk & Insurance

Munich Re's survey underscores the urgent need for robust cyber security and insurance amid escalating cyber threats and a widening protection gap The post

Posted: May 07, 2024

Truist completes sale of Truist Insurance Holdings

coverager

The all-cash transaction values TIH at an implied enterprise value of $15.5 billion.

Posted: May 07, 2024

Wayve raises $1.05 billion

coverager

NVIDIA and Microsoft also participated in the round.

Posted: May 07, 2024

Honeycomb raises $36 million

coverager

Honeycomb expects to double its workforce from 90 to 180 over the next 18 months and introduce new products.

Posted: May 07, 2024

Eleos raises $4 million

coverager

The round was led by Fuel Ventures and Indico Capital, with APX as a participant. 

Posted: May 07, 2024

Cox Automotive Ecommerce and Canopy Connect Partner to Enhance Online Car Buying

coverager

Cox Automotive, the leading automotive service provider, has partnered with Canopy Connect, the top insurance verification platform.

Posted: May 07, 2024

Munich Re backs geothermal energy startup Zanskar

coverager

The company raised $30 million in a Series B funding round.

Posted: May 07, 2024

London Underwriters and Foxquilt Insurance Announce Strategic Partnership

coverager

Hallandale, FL — May 7th, 2024 London Underwriters (LU), a leading national insurance wholesale broker, is thrilled to announce a strategic partnership with Foxquilt Insurance, a pioneer in digital insurance...

Posted: May 07, 2024

Rising Star Sean Gabay on What Lies Ahead for Real Estate Insurance — and How to Keep Clients Happy

Risk & Insurance

After years of intense CAT activity, the real estate market is experiencing some stability. Broker Sean Gabay details what insureds can expect over the next year. The post

Posted: May 07, 2024

El Niño Sees African Union Insurance Agency Pay Out $60 Million

Insurance Journal

The African Union’s climate insurance agency will pay out at least $60 million to four southern African nations to help them offset the impact of a drought that’s been driven by the El Niño weather pattern, its director general said. &#82...

Posted: May 07, 2024

Cell Phone Alerts Never Received During Maui Wildfires Prompts Lawsuit Against Carriers

Carrier Management

Cell Phone Alerts Never Received During Maui Wildfires Prompts Lawsuit Against Carriers Had emergency r...

Posted: May 07, 2024

Study: Reflective Black Paint Improves Object Visibility to Autonomous Cars

Carrier Management

Study: Reflective Black Paint Improves Object Visibility to Autonomous C...

Posted: May 07, 2024

TWIA has enough support to finalise reinsurance renewal in next few days

Reinsurance News

The Texas Windstorm Insurance Association (TWIA) has secured enough support to complete its reinsurance renewal in the coming days, and its broker Gallagher Re will work with staff to get lines signed, it was revealed today during a TWIA Board mee...

Posted: May 07, 2024

Michigan Supreme Court Rules Against Couple in Drone Surveillance Case

Insurance Journal

The Michigan Supreme Court unanimously ruled in favor of a local government Friday in a dispute over sending a drone to take pictures of a rural salvage yard without permission. Liberal and conservative groups closely watched the case, even joining &...

Posted: May 07, 2024

Specialist Casualty MGA Casper Secures New Capacity Partners, Chaucer and TMK

Insurance Journal

Casper Specialty UK Ltd., the casualty-focused MGA and independent sister company to the broker Miller, announced it had secured two new capacity providers, as it enters its second year of trading. Chaucer and TMK have joined Argenta to provide addit...

Posted: May 07, 2024

Higginbotham Acquires Texas’ Barnard Insurance Group

Insurance Journal

Higginbotham announced it has acquired Barnard Insurance Group of Wichita Falls, Texas. Family owned and operated since 1931, Barnard is an independent agency with services that include personal, life and health, and commercial coverage. Barnard spec...

Posted: May 07, 2024

Skyward Specialty Announces Pricing of Secondary Offering of Common Stock

Insurance Journal

Skyward Specialty Insurance Group, Inc.announced the pricing of its secondary offering of 4,400,000 shares being offered by The Westaim Corporation, through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the “Selling Stockholder”) at...

Posted: May 07, 2024

US Indicts Leader of Prolific LockBit Ransomware Gang

Insurance Journal

The leader of one of the most prolific ransomware gangs was indicted and sanctioned by the US government on Tuesday, the latest effort by law enforcement authorities to crack down on rampant cybercrime. Dmitry Yuryevich Khoroshev, a 31-year-old Russi...

Posted: May 07, 2024

Flooded East Texas Town Begins Cleanup

Insurance Journal

LIVINGSTON — Clinton Jones looked across the emergency shelter Friday. His children were going stir crazy. His wife, Samantha, and mother-in-law, Lee Farrell, were making the best of the cots and blankets they received from the Red Cross. The 27-year...

Posted: May 07, 2024

Acrisure Expands UK Footprint With Two Deals in Southern England

Insurance Journal

Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, announced it has completed two acquisitions, expanding its southern England region, which is managed by Sutton Winson, Acrisure’s largest UK acquisition to date...

Posted: May 07, 2024

Kevin Rampe Charts the Future of Chubb’s Claims Management

Risk & Insurance

Kevin Rampe from Chubb shares insights on the future of claims management, focusing on the synergy between skilled professionals and advanced digital tools, the role of empathy in claims service, and the impact of data analytics on decision-making...

Posted: May 07, 2024

Westfield Specialty’s Jack Kuhn Discusses Market Challenges and Strategic Growth

Risk & Insurance

Jack Kuhn of Westfield Specialty shares his insights on the shifting dynamics of the insurance market, focusing on the opportunities and challenges in casualty and auto insurance lines. The post

Posted: May 07, 2024

Rising Spring Rains Pose Challenges for Midwest Farmers

Insurance Journal

SABINA, Ohio (AP) — It was just after dark as Ross Woodruff hopped into a truck to haul soybean seeds out to his brother, Mark, whose planter had run out. It was the first day they could plant after heavy …

Posted: May 07, 2024

MEDVIDA Partners acquires VidaCaixa’s life insurance business

Reinsurance News

MEDVIDA Partners, a Spanish life insurance company specialised in the acquisition, integration and optimization of life insurance businesses, has completed the acquisition of Sa Nostra Vida from VidaCaixa. Through this transaction, which was annou...

Posted: May 07, 2024