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Stanley Choi says insurance is a relationship business, and building those relationships through service, care and expertise is essential to both career and development. The post
Posted: Jan 10, 2025
The latest people news in the industry today. The post Ben Sloop to Succeed James Drinkwater as President of Amwins Group appeare...
Posted: Jan 10, 2025
The latest people news in the industry today. The post Erin Lynch to Succeed Mike Rice as CEO of CAC Group appeared first on
Posted: Jan 10, 2025
The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) has partnered with Swiss Re to enhance its life underwriting process with Swiss Re’s Underwriting Ease solution, a digital tool that summarises key risk factors for underwriter...
Posted: Jan 10, 2025
The latest people news in the industry today. The post Jon Tellekamp Named Chief Underwriting Officer, Construction an...
Posted: Jan 10, 2025
ASHEVILLE, N.C. (AP) — North Carolina governments are receiving over $1.65 billion in federal block grant money to help address historic levels of damage caused by Hurricane Helene in western North Carolina. The money — $1.43 billion for North Caroli...
Posted: Jan 10, 2025
Cybersecurity and technological disruption are identified as the top threats to business growth, with over 89% of executives planning to expand their cyber insurance coverage to address increasing technological vulnerabilities, according to a repo...
Posted: Jan 10, 2025
ATLANTA (AP) — After years of stalled efforts to limit civil lawsuits, Georgia Gov. Brian Kemp and Republican lawmakers are doubling down with a new push. Supporters, most prominently business groups, call the state a “judicial hellhole,”...
Posted: Jan 10, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Katherine Gerber as Head of Energy Transition in the Americas. In this role, Gerber will leverage AXA XL’s expertise an...
Posted: Jan 10, 2025
BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for its efforts on global warming. The money manager has decided to leave the Net Zero Asset Managers initiati...
Posted: Jan 10, 2025
The longer-term impact on California’s insurance market from the Los Angeles County wildfires may be substantial, as insurers will further re-examine their appetites for wildfire risk as it has become highly unpredictable concerning location...
Posted: Jan 10, 2025
Southern California Edison said on Thursday it had received notices from insurance companies to preserve evidence related to the Eaton Fire that is still burning in Los Angeles, but said no fire agencies have pointed the utility’s connection to...
Posted: Jan 10, 2025
The European Union Aviation Safety Agency warned airlines to steer clear of several cities in Russia following the fatal crash of an Azerbaijan Airlines passenger jet that was likely shot down by Russian forces. EASA advised carriers to avoid five &#...
Posted: Jan 10, 2025
Xceedance, a global provider of technology and digital solutions, has announced the appointment of Brandon Nuttall as Chief Digital & AI Officer. In his new role, Nuttall will collaborate with clients to leverage Generative AI in designing, bu...
Posted: Jan 10, 2025
Before it suffered the deadliest crash in South Korea’s history, budget airline Jeju Air was moving fast: racking up record passenger numbers and flying its aircraft more than domestic rivals and many of its global peers, data show. The high &#...
Posted: Jan 10, 2025
New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has partnered with Topsoe to become the preferred insurance provider for its hydrogen electrolyzer business. NER will assist i...
Posted: Jan 10, 2025
Specialty insurer Mosaic Insurance has announced the appointments of Karen Reilly as Head of US, Environmental Liability, and David Barr as Head of International, Environmental Liability. Reilly and Barr will focus on developing innovative product...
Posted: Jan 10, 2025
Pen Underwriting, a provider of tailored insurance solutions, has announced the appointment of Robert Dobson as Marine Claims Manager. He will oversee the diverse range of specialisations within Pen’s rapidly growing marine division. The company’s...
Posted: Jan 10, 2025
Earth’s warming exceeded 1.5C on an annual basis for the first time in 2024, according to two major climate science agencies. It’s the most potent evidence yet that countries are failing to meet a Paris Agreement goal of limiting global &...
Posted: Jan 10, 2025
Analysts at Berenberg believe the California wildfires are unlikely to result in a material impact on 2025 earnings for the reinsurers it covers. In a recent report, Berenberg highlighted three key reasons why the impact of the current wildfires o...
Posted: Jan 10, 2025
CAC Group, a national insurance broker and advisor comprised of CAC Specialty and CAC Agency, has announced the appointment of Erin Lynch as Chief Executive Officer, effective in the first quarter of 2025. Mike Rice, the current CEO, will take on...
Posted: Jan 10, 2025
S&P has noted that while significant losses from the wildfires engulfing Los Angeles County in the first two weeks of 2025 could rapidly deplete the catastrophe budgets of U.S. primary insurers, the impact will be manageable for global reinsur...
Posted: Jan 10, 2025
The Los Angeles County wildfires are still burning and have now destroyed more than 10,000 structures, according to the Cal Fire authority, with insurance industry loss estimates still ranging from $10 billion to $20 billion, or higher if the fire...
Posted: Jan 10, 2025
AM Best, a credit rating agency specialising in the insurance industry, has announced the appointment of Kenneth J. Johnson as Senior Managing Director and Chief Ratings Officer, overseeing AM Best’s global ratings operations. Johnson will b...
Posted: Jan 10, 2025
A nasty dose of winter weather has pummeled much of the U.S. from Kansas to the East Coast, leaving many Americans to dig out of the blizzard — including farmers. And more is on the way, with the polar air …
Posted: Jan 10, 2025
Posted: Jan 10, 2025
Posted: Jan 10, 2025
Posted: Jan 10, 2025
Texas refineries are bracing for an onslaught of cold, snow and freezing rain as the US South’s first major winter storm sweeps in during what’s projected to be a frigid month. While temperatures in the upcoming storm aren’t expecte...
Posted: Jan 10, 2025
West P&I Club, a global insurance provider for the maritime and offshore industries, has fully acquired Nordic Marine Insurance. Nordic provides fixed premium insurance for the marine industry, specialising in Delay Insurance, Primary Loss of...
Posted: Jan 10, 2025
General agency Warner Pacific said it has acquired five general agencies from broker and fintech specialist, Acrisure, effective Dec. 1 2024. Financial terms were not disclosed. Westlake Village, California-based Warner Pacific’s Jan. 7 announc...
Posted: Jan 10, 2025
Arch Insurance International has announced the promotion of Tim Watson to the position of Credit Underwriting Manager, effective immediately. In his new role, Watson will oversee all credit-related underwriting activities within the Credit & P...
Posted: Jan 10, 2025
Nassau Financial Group, an insurance and financial services company, and Golub Capital, a credit asset management firm, have closed their strategic partnership, with Nassau receiving a $200 million minority non-voting common equity investment from...
Posted: Jan 10, 2025
American International Group (AIG) said Christopher Flatt, currently head of AIG North America alternative channels, has been named global chief underwriting officer, effective immediately. Flatt also held the the position of interim CEO of managing...
Posted: Jan 10, 2025
The California Division of Occupational Safety and Health cited Safeway $182,000 in proposed penalties for safety violations that reportedly put roughly 1,700 workers at risk of serious injuries at the company’s warehouse in Tracy, their larges...
Posted: Jan 10, 2025
The California Division of Occupational Safety and Health cited Safeway $182,000 in proposed penalties for safety violations that reportedly put roughly 1,700 workers at risk of serious injuries at the company’s warehouse in Tracy, their larges...
Posted: Jan 10, 2025
If insurance carriers want to have dibs on a company’s assets as premium security or collateral, they had better specify that those assets include potential tort-claim settlements, a federal appeals court said Wednesday. In a case that involved...
Posted: Jan 10, 2025
The wildfires sweeping through Los Angeles are unlikely to trigger significant losses for catastrophe bonds designed to capture such risks. Roughly 12% of the $50 billion cat-bond market is currently exposed to wildfire risk, according to Florian Ste...
Posted: Jan 10, 2025
Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark Zuckerberg, a group of authors alleged in newly disclosed court papers. Ta-Nehisi Coates, comedian Sarah Silverman...
Posted: Jan 10, 2025
Despite all the attention on technologies that reduce the hands-on role of humans at work – such as self-driving vehicles, robot workers, artificial intelligence and so on – researchers in the field of neuroergonomics are using technology to improve...
Posted: Jan 10, 2025
AM Best has upgraded the Financial Strength Rating (FSR) of Reno, Nevada-based Employers Holdings Inc.’s subsidiaries to A (Excellent) from A- (Excellent) and their Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent)...
Posted: Jan 10, 2025
The Nevada Division of Insurance’s Consumer Services section recovered $9.4 million for Nevada consumers during 2024, the division announced this week. The Consumer Services team processed a significant number of consumer complaints, successful...
Posted: Jan 10, 2025
The New Jersey Supreme Court recently ruled that an insurer had no duty to defend an insured employer against an injured employee’s personal injury lawsuit alleging negligence and intentional harm. The high court found that Hartford Underwriter...
Posted: Jan 10, 2025
Massachusetts Governor Maura Healey recently signed legislation increasing the minimum coverage limits of auto insurance for some mandatory coverages. These new limits will apply to policies issued or renewed on or after July 1, 2025: Bodily Injury C...
Posted: Jan 10, 2025
Maryland Attorney General Anthony G. Brown is making legislation protecting seniors in assisted living facilities and enforcement of fair wages and safe working conditions for workers as priorities for 2025. Additionally, he is promising to “sh...
Posted: Jan 10, 2025
MS Reinsurance (MS Re), a global reinsurer domiciled in Switzerland, has announced the appointments of Lisa Lewis as Head of Marketing and Client Experience, and Thomas Kruppa as Senior Actuary – Projects. In her new role, Lewis will oversee...
Posted: Jan 10, 2025