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Tembo raises £14 million

coverager

Aviva participated in the round.

Posted: Dec 02, 2024

Hub International to acquire Insuritas

coverager

Allianz will underwrite all general insurance products (excluding travel), and manage claims, under the RAA brand.

Posted: Dec 02, 2024

5 Areas Where Alignment Can Make or Break an Acquisition

IA Magazine

From building a brand to running paid social media ads, the world of marketing has significant nuances that agency staff miss as they concentrate on core activities like sales and service.

Posted: Dec 02, 2024

December ITL Focus: Generative AI

Insurance Thought Leadership

December ITL Focus: Generative AI AI & Machine Learning sradomski

Posted: Dec 02, 2024

Where Gen AI Takes Us Next

Insurance Thought Leadership

Where Gen AI Takes Us Next AI & Machine Learning sradomski

Posted: Dec 02, 2024

New AI Prediction Tool Generates Realistic Satellite Images of Future Floods

Carrier Management

New AI Prediction Tool Generates Realistic Satellite Images of Future Floods Researchers have deve...

Posted: Dec 02, 2024

Triple Threat Targets More Than 30,000 U.S. Homes: CoreLogic

Carrier Management

Triple Threat Targets More Than 30,000 U.S. Homes: CoreLogic Year...

Posted: Dec 02, 2024

Texas Farmers Say Forever Chemicals in Fertilizer Poisoned Their Land

Insurance Journal

JOHNSON COUNTY — Tony Coleman recognizes the signs all too well. A cow drools strings of saliva. Then it starts to limp, each step slower. Then it grows stiff. Then it’s quick. There’s nothing to be done. The cow dies. …

Posted: Dec 02, 2024

AM Best Revises Outlook for U.S. Personal Lines Insurance Segment to ‘Stable’

Insurance Journal

AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, along with solid levels of risk-adjusted capitaliza...

Posted: Dec 02, 2024

AM Best Revises Outlook for US Personal Lines Insurance Segment to ‘Stable’

Insurance Journal

AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, along with solid levels of risk-adjusted capitaliza...

Posted: Dec 02, 2024

Trucordia’s Felix Morgan on Tackling Customer Pain Points in Today’s Market

Risk & Insurance

Felix Morgan, CEO of Trucordia, discusses the company's approach to navigating hard market conditions, the importance of frequent client communication, and the risk mitigation strategies employed to support clients and ensure compliance. Th...

Posted: Dec 02, 2024

Rockford Mutual to Expand Commercial Lines Products in Michigan

Insurance Journal

Rockford Mutual Insurance Company (RMIC) announced a strategic expansion into the state of Michigan for Commercial Lines products in 2025. This decision is part of the company’s ongoing efforts to diversify its portfolio and spread risk across...

Posted: Dec 02, 2024

Energy Department to Loan $7.5B for Electric Vehicle Battery Plants in Indiana

Insurance Journal

The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis STLAM.MI and Samsung SDI 006400.KS to help build two electric vehicle lithium-ion battery plants in Indiana. The &#8230...

Posted: Dec 02, 2024

Outlook remains stable for US commercial lines, says AM Best

Reinsurance News

AM Best, the global credit ratings agency, is maintaining its stable market segment outlook on the US commercial lines insurance sector for 2025, supported by the segment’s strong underwriting performance and improved investment returns, bot...

Posted: Dec 02, 2024

‘Drill, Baby, Drill’ Is Unlikely Under Trump, Exxon Says

Insurance Journal

Oil and gas producers in the US will not raise output significantly in the coming years despite calls from President-Elect Donald Trump to “drill, baby, drill,” said Exxon Mobil Corp.’s Upstream President Liam Mallon. “I think...

Posted: Dec 02, 2024

Cyber Insurance Growth Slows But Opportunities Remain: Swiss Re

Risk & Insurance

Despite cooling growth, the cyber insurance market has significant untapped potential in SME and global markets, according to Swiss Re. The post

Posted: Dec 02, 2024

Carolina Woman Charged with Using Mom’s Name to Get Policy, Filing Bogus Claim

Insurance Journal

A North Carolina woman is set for a court appearance later this month after she was charged with filing a claim on her deceased mom’s house – for damage that occurred before the insurance policy was purchased. Cindy Ramzi Hanna, …

Posted: Dec 02, 2024

CyberCube partners with Penguin Tech to enhance cyber risk solutions

Reinsurance News

CyberCube, a provider of cyber risk analytics, has partnered with Penguin Tech, an integration and consulting provider, to deliver enhanced solutions that help insurers better understand, manage, and mitigate cyber threats. Through this collaborat...

Posted: Dec 02, 2024

Storm Bert triggers rapid parametric payout from FloodFlash

Reinsurance News

With Storm Bert affecting counties across England and Wales, parametric flood insurance provider FloodFlash has revealed that it made a payout to a client in just over 10 hours after a trigger was activated. According to Ian Bartholomew, Chief Und...

Posted: Dec 02, 2024

Shoplifting Ring Allegedly Stole $2M in Cosmetics, Clothes to Sell Abroad

Carrier Management

Shoplifting Ring Allegedly Stole $2M in Cosmetics, Clothes to Sell Abroad A shoplifting ring that stole...

Posted: Dec 02, 2024

Outlook for U.S. Commercial Insurance Segment ‘Stable’ as Profits Stay Strong: AM Best

Insurance Journal

AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly to its persistently strong underwriting performance and improved investment returns, which have bolstered operating profitabil...

Posted: Dec 02, 2024

Outlook for US Commercial Insurance Segment ‘Stable’ as Profits Stay Strong: AM Best

Insurance Journal

AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly to the segment’s persistently strong underwriting performance and improved investment returns, which have bolstered oper...

Posted: Dec 02, 2024

Aon Names McCabe Carolinas Market Leader

Insurance Journal

Rebecca McCabe, with Aon since 2015, has been named Carolinas market leader, based in Charlotte. McCabe has recently served as interim market leader and sales director at Aon, and now replaces Kathleen Lynch, who left Aon earlier this year, according...

Posted: Dec 02, 2024

New Mexico Man Gets $412M Medical Malpractice Payout for Botched Injections

Insurance Journal

Jurors in New Mexico have awarded a man more than $412 million in a medical malpractice case that involved a men’s health clinic that operates in several states. The man’s attorneys celebrated last week’s verdict, saying they are ho...

Posted: Dec 02, 2024

Andre du Preez joins McGill and Partners as Head of Emerging Technology

Reinsurance News

McGill and Partners, the independent global specialty insurance and reinsurance broker, has appointed Andre du Preez as Head of Emerging Technology, who joins the firm from Miller.  Based in London, Preez joins the re/insurance broker with notable...

Posted: Dec 02, 2024

Holborn names Frederic Gindraux SVP, Claims Advisory

Reinsurance News

US-based independent reinsurance broker, the Holborn Corporation has announced the appointment of Frederic Gindraux as Senior Vice President, Claims Advisory. Based in New York, Gindraux will collaborate with Holborn’s clients, client-facing teams...

Posted: Dec 02, 2024

Cardless raises $30 million

coverager

Assurant Ventures participated in the round.

Posted: Dec 02, 2024

Parts of New York, Pennsylvania Buried by Up to 4 Feet of ‘Lake-Effect’ Snow

Insurance Journal

The governors of New York and Pennsylvania have declared disaster emergencies in areas hit with as much as three and four feet of “lake-effect” snow from a fierce winter storm. New York Governor Hochul declared a state of emergency for &#...

Posted: Dec 02, 2024

Potential acquisition of Direct Line by Aviva a credit positive for both groups: Moody’s

Reinsurance News

Analysts at Moody’s Ratings have suggested that the potential acquisition of Direct Line by Aviva could bring credit positive benefits to both firms. Late last month, Direct Line rejected Aviva’s £3.28 billion 100% acquisition proposal, stat...

Posted: Dec 02, 2024

What Is Making—Or Taking—Your Agency’s Moment?

Rough Notes

Are your team members propelling the agency forward or pushing it back? [P]ositive momentum puts you in a better position to succeed. Getting there may not be easy, but the opportunities it brings promise to make it well worth the effort. By Brent Ke...

Posted: Dec 02, 2024

IT TAKES PASSION TO WIN

Rough Notes

Passion, plus innovative thinking It is important to resist the siren call of “assistants” and “ outsourcing” currently tempting you to give up on your best secret weapon for success—great people of your very own … . By Cheryl Koch, CPCU, ARM, AAI, A...

Posted: Dec 02, 2024

STOP SLEEPING ON YOUR BRAND STORY

Rough Notes

The year-end move to own 2025 People don’t just buy insurance; they buy connection. And your story is what bridges that gap. By Carolyn Smith, APR, TRA Stop what you’re doing for a second and think about this: What’s your story? No, I don’t mean your...

Posted: Dec 02, 2024

CLIENT-FOCUSED STRATEGIES FOR BUSINESSCONTINUITY BEFORE AND DURING NATURAL DISASTERS

Rough Notes

From proactive communication to streamlined claims processing By planning ahead and considering both client and operational needs, you can ensure that your agency is ready to face any natural disaster and continue providing the essential services tha...

Posted: Dec 02, 2024