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Is Parametric Coverage An Innovative Solution To Rising Deductibles?

Rough Notes

Product that addresses challenges of severe weather events gains traction By combining parametric with traditional property insurance, insurance professionals can offer clients a more robust risk management strategy … . By Dustyne Bryant, CIC, CISR I...

Posted: Apr 01, 2025

California Wildfires to Hit Bermuda Reinsurers Hard: Fitch

Risk & Insurance

California wildfires will add pressure to Bermuda reinsurers' 2025 earnings despite strong capital positions and disciplined underwriting practices, the rating agency said. The post

Posted: Apr 01, 2025

MOVING YOUR APPLICATION TO THE TOP OF THE STACK

Rough Notes

Creating high-quality commercial submissions for underwriters When it comes to commercial account submissions, there’s no such thing as too much information. By Cheryl Koch, CPCU, ARM, AAI, ACSR, AFIS, and Mary Belka, CPCU, ARM, ARe, RPLU, CIC When i...

Posted: Apr 01, 2025

There’s Much To Gain, Nothing To Lose By Engaging Employees

Rough Notes

Employee engagement goes deeper than having employees who are happy and believe in an organization After you’ve asked for input, always acknowledge it. It’s so important to let people know they’ve been heard. By Kari Glennon If you’re an insurance ag...

Posted: Apr 01, 2025

What Talent Gap? Making Adjuster Management a Recruiting Point with AgentSync

coverager

By automating and simplifying the licensing and compliance process with AgentSync, this P&C and liability insurance services firm made life easier for their adjusters and internal staff members alike.

Posted: Apr 01, 2025

Zurich to invest in ICEN Risk

coverager

The transaction will see Zurich take a “significant minority” in Icen.

Posted: Apr 01, 2025

Monzo launches renters insurance

coverager

The coverage will be rolled out over the next few weeks.

Posted: Apr 01, 2025

How Independent Agents Can Adapt to Meet Changing Consumer Expectations

IA Magazine

From the long-lasting impact of the pandemic to the turmoil of the hard market, personal lines consumer preferences are shifting. Here’s how independent agents can keep up.

Posted: Apr 01, 2025

6 Ways to Boost Client Retention With a Renewal and Remarketing Plan

IA Magazine

From the long-lasting impact of the pandemic to the turmoil of the hard market, personal lines consumer preferences are shifting. Here’s how independent agents can keep up.

Posted: Apr 01, 2025

BlackRock Plans for Texas ETF Amid Its Push Into Lone Star State

Insurance Journal

BlackRock Inc. is going even bigger in Texas. The world’s biggest asset manager applied for the iShares Texas Equity exchange-traded fund, according to a Friday filing with the Securities and Exchange Commission. The planned ETF would be passiv...

Posted: Apr 01, 2025

J&J Plunges After Plan to Settle Baby Powder Suits Fails

Insurance Journal

Johnson & Johnson shares fell the most in five years after the company’s plan to settle thousands of talc-related lawsuits through bankruptcy was shot down in court. The ruling means J&J will have to fight roughly 60,000 claims brought...

Posted: Apr 01, 2025

People Moves: JM Wilson Promotes Staruch, Dodd and Ladik and Re-Hires Snyder-Knutson; Huntington Hir...

Insurance Journal

JM Wilson Promotes Staruch, Dodd and Ladik and Re-Hires Snyder-Knutson JM Wilson, headquartered in Portage, Michigan, Natalie Staruch was promoted to executive property & casualty (P&C) underwriter. She underwrites new and renewal commercial...

Posted: Apr 01, 2025

WTW acquires Global Commercial Credit

Reinsurance News

Global advisory, broking, and solutions firm WTW has announced the acquisition of Global Commercial Credit, LLC (GCC) into Willis, a WTW business. The move significantly bolsters WTW’s capabilities in trade credit and political risk insuranc...

Posted: Apr 01, 2025

Trial to Hash Out $600M Settlement Payment in Deadly Norfolk Southern Derailment

Carrier Management

Trial to Hash Out $600M Settlement Payment in Deadly Norfolk Southern Derailment Norfolk Southern wants...

Posted: Apr 01, 2025

Maryland, NY and Washington D.C. Ranked Highest for Car Insurance Premiums

Carrier Management

Maryland, NY and Washington D.C. Ranked Highest...

Posted: Apr 01, 2025

Another Kentucky Farmer Pleads Guilty to Crop Insurance Fraud

Insurance Journal

A Kentucky farmer is awaiting sentencing after pleading guilty to defrauding the federal crop insurance program of almost $1.5 million. Robert Thomas Hunt, of Taylor County in central Kentucky, asked grain haulers to sell his soybean, corn and wheat...

Posted: Apr 01, 2025

Big four to deliver earnings growth in 2025 despite LA wildfire losses: Moody’s

Reinsurance News

Despite sizable claims from the LA wildfires in January, Moody’s anticipates strong earnings prospects for the four largest European reinsurers, Munich Re, Swiss Re, Hannover Re, and SCOR, in 2025, driven by persistently strong demand for re...

Posted: Apr 01, 2025

Japan Warns Potential Megaquake Could Kill Nearly 300,000

Insurance Journal

A long-feared megaquake off Japan’s southern coast could result in almost 300,000 deaths, according to a new model released by the government. In the worst-case scenario, a megaquake in the Nankai Trough would destroy 2.34 million buildings and...

Posted: Apr 01, 2025

The ‘Answer Economy’ Changes Everything

Insurance Thought Leadership

The ‘Answer Economy’ Changes Everything AI & Machine Learning sradomski Tue, 04/01/2025...

Posted: Apr 01, 2025

California’s Snowpack Data Likely Signals Another Fire-Prone Summer

Insurance Journal

California is emerging from its wettest time of the year with new fire and drought risks. The state is scheduled to measure the snowpack amassed over winter on Tuesday — April 1 is the typical peak point before springtime melting. …

Posted: Apr 01, 2025

Looking beyond BMI in modern life insurance

Insurance Thought Leadership

Looking beyond BMI in modern life insurance From Our Partners sradomski Tue, 04/01/2025 - 11:0...

Posted: Apr 01, 2025

Australia Outback Lashed by Year’s Worth of Rain in Week, With Many Livestock Killed

Insurance Journal

Australia’s remote outback in western Queensland has been swamped by flooding after being lashed with a year’s worth of rainfall in a week, sweeping away tens of thousands of livestock. Up to 500 millimeters (19.7 inches) of rain has floo...

Posted: Apr 01, 2025

Geopolitical pressures impact confidence among financial services leaders: KPMG Survey

Reinsurance News

KPMG, a provider of audit, tax, and advisory services, has revealed the findings of its latest UK Financial Services Sentiment survey, showing a decline in confidence among financial services leaders regarding future profitability. As geopolitical...

Posted: Apr 01, 2025

WTW Acquires Michigan’s Global Commercial Credit

Insurance Journal

WTW announced the acquisition of Global Commercial Credit, LLC (GCC) into Willis, a WTW business. This strategic acquisition will accelerate performance by expanding into specialized businesses that align with the company’s technical, industry-...

Posted: Apr 01, 2025

People Moves: The Hartford Expands Roles of Tech Leadership; Everest Appoints Fobert to Lead US Reta...

Insurance Journal

The Hartford of Hartford, Connecticut said Shekar Pannala was named the company’s chief information officer and leads technology, as well as cybersecurity, infrastructure and cloud modernization. Prior to joining The Hartford, Pannala was globa...

Posted: Apr 01, 2025

Apollo names Mike Krefta as Non-Executive Director

Reinsurance News

Apollo, an insurance platform, has announced the appointment of Mike Krefta as Non-Executive Director of Apollo Syndicate Management Limited, pending regulatory approval. With over two decades of experience in the insurance industry, spanning both...

Posted: Apr 01, 2025

Allianz Partners forms strategic partnership with MSI NZ

Reinsurance News

Allianz Partners New Zealand has formed a strategic partnership with Mitsui Sumitomo Insurance Company Limited New Zealand Branch (MSI NZ), part of the MS&AD Insurance Group, to enhance and diversify insurance solutions in New Zealand. Effecti...

Posted: Apr 01, 2025

State Farm Wins Dismissal of Homeowners’ Class Action Over Use of Xactimate Software

Carrier Management

State Farm Wins Dismissal of Homeowners’ Class Action Over Use of Xactimate Software A federal judge...

Posted: Apr 01, 2025

E&S Insurer Ategrity Files for IPO

Carrier Management

E&S Insurer Ategrity Files for IPO New York-based Ategrity Specialty Insurance Co., a na...

Posted: Apr 01, 2025

SERVING THE FOUR C’S

Rough Notes

Strengthening good relationships leads to exponential growth for this Ohio agency By Dennis H. Pillsbury When Matt Simon, CIC, CPCU, took over leadership of Hill & Hamilton, Bellefontaine, Ohio, in 2020, he was assuming the presidency of a succes...

Posted: Apr 01, 2025

CONNECTING WITH THE COMMUNITY

Rough Notes

Iowa-based young pro develops and expands agency’s public entity practice “I think it’s one thing to be good at insurance and know coverage forms, but the reality is, we want to be applicable to the things our clients are concerned about and [know th...

Posted: Apr 01, 2025

OPPORTUNITIES AND CHALLENGES

Rough Notes

What lies ahead for construction firms through the rest of this year By Mark Wooditch It doesn’t take a crystal ball to foretell what construction industry professionals—and their insurance and risk management partners—might expect over the balance o...

Posted: Apr 01, 2025

“PLEASE DON’T MAKE ME STAY; I’VE BEEN HERE ONE WHOLE DAY”

Rough Notes

Claims trends and risk management best practices for summer youth camps By Christopher W. Cook This writer never went to summer camp growing up, although I vaguely know about what happens there through other media. I recall that Ernest P. Worrell, pl...

Posted: Apr 01, 2025

DRIVING AUTOMATION

Rough Notes

Putting AI-powered automation to work, Gaya streamlines data and speeds the commercial quoting process By Lori Widmer What started as an idea by a student with a need became an AI-driven software company serving the insurance industry. In 2021, Carl...

Posted: Apr 01, 2025

Gallagher Re appoints Michael Pickel as Executive Chair for DACH and Italy

Reinsurance News

Gallagher Re has announced the appointment of Dr. Michael Pickel as Executive Chair for DACH and Italy, where he will work together with the leadership teams in both regions. Pickel brings a total of 36 years in the reinsurance industry, represent...

Posted: Apr 01, 2025