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Following an announcement in November 2024, Lynn O’Leary has officially transitioned into her role as President, US, Global Specialty Lines at Intact Insurance Specialty Solutions , following a two-year stint as Chief Executive Officer (CEO)...
Posted: Apr 02, 2025
Swiss financial market watchdog FINMA has revamped its organizational structure with immediate effect, the regulator said on Tuesday, as it gears up for future challenges including supervision of the enlarged UBS. Switzerland has pledged to step up r...
Posted: Apr 02, 2025
Global insurance and reinsurance broker Howden has announced the launch of Howden Auto Tracker, a new automated follow-form facility that combines tracker capacity and connected algorithmic capacity, giving brokers direct access to both from the s...
Posted: Apr 02, 2025
The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain’s financial industry billions of pounds in fresh legal costs and potential customer compensation. The Court of Appeal ruled in...
Posted: Apr 02, 2025
Italy’s insurance regulator IVASS needs more details about internal control and governance systems as it reviews domestic leader Generali’s proposed asset management tie-up with French bank BPCE, two sources close to the matter told Reute...
Posted: Apr 02, 2025
Willis, a business of WTW, and The Nature Conservancy (TNC) have launched a new $2.5 million wildfire resilience insurance for the Tahoe Donner Association in Truckee, California. Described as “first-of-its-kind,” this policy directly...
Posted: Apr 02, 2025
Sweden’s largest insurer Folksam said on Wednesday it has sold its stake in electric car maker Tesla over concerns about the company’s stance on workers’ rights. Tesla, headed by billionaire Elon Musk, is facing a backlash from unio...
Posted: Apr 02, 2025
UK home and motor insurance firm Esure Group Plc sees further growth in the country after a £200 million ($258 million) revamp program, according to its Chief Executive Officer David McMillan. The company, backed by private equity firm Bain Capital,...
Posted: Apr 02, 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has launched a new cyber product, Cyber Proactive Response (CPR), aimed at businesses with revenues up to £250 million. CPR delivers broad and clear cyber coverage, with 30...
Posted: Apr 02, 2025
Rokstone, the international re/insurance MGA of the Aventum Group, has signed a five-year capacity agreement with Allianz Commercial, further expanding their existing partnership across multiple Commercial insurance lines. The agreement, executed...
Posted: Apr 02, 2025
The Insurance Council of Australia (ICA) has reported that insurance losses from ex-Tropical Cyclone Alfred and the North Queensland floods in February have now surpassed AU$ 1.2 billion. According to the ICA, insurers have received over 95,000 cl...
Posted: Apr 02, 2025
According to a recent report from BMO Capital Markets, social inflation is expected to persist for most insurers in 2025, marking the third consecutive year requiring additional reserves. BMO anticipates additional speed-bumps in 2025 due to lawsu...
Posted: Apr 02, 2025
J.S. Held has announced Lee Spirer, the company’s current President and Chief Operating Officer (COO) is to become the company’s next Chief Executive Officer (CEO) as Jonathon Held intends to step down from the role. J.S. Held is a global consulti...
Posted: Apr 02, 2025
Zep-Re (PTA Reinsurance Company) and African Export-Import Bank (Afreximbank) have launched the Trans-Africa Bond Alliance (TABA), a transformative initiative that aims to bridge the insurance capacity gap and empower African contractors to secure...
Posted: Apr 02, 2025
Democrats on the U.S. House of Representatives oversight committee opened an investigation on Tuesday into health secretary Robert F. Kennedy Jr.’s handling of the federal response to bird flu, according to a letter sent to Kennedy and released...
Posted: Apr 02, 2025
The head of the Federal Communications Commission ordered an investigation into Walt Disney Co. and its ABC network over their diversity, equity and inclusion practices, broadening his examination of media and telecom companies for perceived discrimi...
Posted: Apr 02, 2025
Increased competition, capacity and engagement have improved the Indian reinsurance market conditions at the recent April renewals, according to a market update by Aon, a risk management and professional services firm. Aon disclosed that reinsurer...
Posted: Apr 02, 2025
More than half of small business leaders believe artificial intelligence will play a “crucial role” in worker safety over the next five years, according to a new report from Pie Insurance. A survey of decision-makers from just over a thou...
Posted: Apr 02, 2025
North Carolina Insurance Mike Causey said Tuesday that he had negotiated a lower average rate increase for mobile home policies than the North Carolina Rate Bureau had asked for. “I am happy to announce that North Carolina mobile homeowners wil...
Posted: Apr 02, 2025
One of California’s most famed art institutions, the Getty, is turning to the bond market for $500 million to help preserve its masterpieces as the state prepares for another fire-prone summer. The J. Paul Getty Trust is expected to sell …...
Posted: Apr 02, 2025
The question has come up wondering if smoke damage is covered for those homes that were impacted by the Los Angeles wildfires but were not damaged by the actual fires. A cloud of smoke from a fire is larger than …
Posted: Apr 02, 2025
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Westminster American Insurance Co. AM Best assigne...
Posted: Apr 02, 2025
Tokio Marine HCC (TMHCC) International, part of the Tokio Marine HCC group of companies, has announced the promotion of David Feldman to Regional Head of Compliance, UK and Europe, at Tokio Marine Group, effective April 1, 2025. Feldman brings ext...
Posted: Apr 02, 2025
The new multi-carrier network platform provides real-time fraud and risk insights from shared claims data.
Posted: Apr 01, 2025
The former EverQuote executive will oversee marketing, underwriting, service, and claims operations.
Posted: Apr 01, 2025
Through this relationship London Underwriters’ agents can serve a broader range of small businesses, including home-based businesses, online retailers and contractors.
Posted: Apr 01, 2025
With restrictions on new business, carriers pulling out of the market, agency commissions taking cuts and underwriting giving the word “difficult” a whole new meaning, it’s no wonder coastal agencies have felt the impact of the last few years.
Posted: Apr 01, 2025
The Des Moines based distribution innovation-promoting organization has also launched BrokerTech Connect: Chicago for insurance innovators.
Posted: Apr 01, 2025
The new release adds tools for predictive analytics, faster claims, and tailored policy coverage.
Posted: Apr 01, 2025
Insurers Invest in Esoteric Asset-Backed Securities Operational Efficiency
Posted: Apr 01, 2025
[insert headline here] ITL Editorial Team Tue, 04/01/2025 - 18:56 ...
Posted: Apr 01, 2025
Outlook for Insurance Rates in 2025 Commercial Lines
Posted: Apr 01, 2025
The sale of Employer Voluntary Benefits generated a financial book gain of about $625 million.
Posted: Apr 01, 2025
The startup serves hundreds of employers and tens of thousands of employees.
Posted: Apr 01, 2025
GEICO plans to bring over 1,000 jobs to the area, and the lease fully occupies the campus.
Posted: Apr 01, 2025
INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS Insureds fail to use thousands in insurer payments A wildfire occurred near the home of Hovik Gharibian and Caroline Minasian. Although debris entered the home an...
Posted: Apr 01, 2025
INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS No coverage for inherent diminished value Jeffrey Cubberley and Philip Seaver filed suit against The Commerce Insurance Company, seeking declaratory relief for al...
Posted: Apr 01, 2025
INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS Did title policy cover the use of gates? In August 2016, Roger and Therese Hutchinson purchased rural property in Madison County, Montana, which included an easem...
Posted: Apr 01, 2025
The solution to dealing with stress in today’s whitewater world of work At a time when we need to be getting stronger at handling stress, people seem to be growing increasingly fragile. By Kimberly Paterson, CEC Today’s business environment is in a c...
Posted: Apr 01, 2025
Prevention-first strategies in a rising premium market By Randy Boss, CRA, CRM, MWCA, SHRM-SCP The commercial auto market is at a crossroads, with rising claims, increasing premiums, and disruptive new risks; yet every challenge presents an opportun...
Posted: Apr 01, 2025
Approaches to consider to introduce a new engagement model and strengthen agency culture This year, independent agencies have a great opportunity to be involved and continue to enhance their community engagement and impact. By Bill Ross With 2024 wel...
Posted: Apr 01, 2025
April 2025 ITL FOCUS: AI AI & Machine Learning sradomski Tue, 04/01/2025 - 14:30 ...
Posted: Apr 01, 2025
Strategies for connecting with people who already want to hear from you Even if you’re the best producer in the world, cold calling puts you at a disadvantage. You’re starting the conversation as an outsider. By Carolyn Smith, APR, TRA Let’s get one...
Posted: Apr 01, 2025
Drowsy Driving Impacts 14% of Americans: Survey New data indic...
Posted: Apr 01, 2025