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Posted: Jan 07, 2025
More than 500 industry professionals shared the challenges their organizations face in this recent Risk & Insurance® survey. The post
Posted: Jan 07, 2025
A blast of snow, ice, wind and plunging temperatures stirred up dangerous travel conditions in parts of the central U.S as a disruptive winter storm brought the possibility of the heaviest snowfall in a decade to some areas. Snow and …
Posted: Jan 07, 2025
A blast of snow, ice, wind and plunging temperatures stirred up dangerous travel conditions in parts of the central U.S as a disruptive winter storm brought the possibility of the heaviest snowfall in a decade to some areas. Snow and …
Posted: Jan 07, 2025
A winter storm is poised to pummel Texas and the US South later this week, putting the region at risk of blackouts and travel mayhem. About 4 to 6 inches (10 to 15 centimeters) of snow and ice will fall …
Posted: Jan 07, 2025
Twenty miles outside Corpus Christi, Texas — an area so dry the local water company distributes shower timers at high school football games — the world’s richest man is nearly done building a lithium refinery that could require as much …
Posted: Jan 07, 2025
AM Best has removed 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 Sutton Specialty Insurance Company (SSIC) and Sutton Na...
Posted: Jan 07, 2025
Just days after convicted murderer Alex Murdaugh was ordered to pay almost $15 million to Nautilus Insurance Co., his friend and co-conspirator is set to start trial in a civil suit brought by Nautilus for his role in the alleged …
Posted: Jan 07, 2025
Reinsurance buyers generally found ample capacity during the January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate reductions and improved terms and conditions for clients that could demonstrate differentiated stra...
Posted: Jan 07, 2025
Texas has seen surging interest from companies hoping to bury carbon dioxide in its oilfields, putting the state at the vanguard of a government-subsidized program to fight climate change. But pumping CO2 into the ground could exacerbate earthquakes...
Posted: Jan 07, 2025
Insurer Core Specialty and its subsidiaries have entered into a series of transactions with certain subsidiaries of Argo Group International Holdings to acquire the renewal rights and related unearned premium reserves for a significant portion of...
Posted: Jan 07, 2025
Insurance Business Magazine - US
Posted: Jan 07, 2025
Insurance Business Magazine - US
Posted: Jan 07, 2025
Insurance Business Magazine - US
Posted: Jan 07, 2025
Insurance Business Magazine - US
Posted: Jan 07, 2025
Insurance Business Magazine - US
Posted: Jan 07, 2025
Insurance Business Magazine - US
Posted: Jan 07, 2025
Insurance Business Magazine - US
Posted: Jan 07, 2025
World Insurance Associates LLC, headquartered in Iselin, New Jersey, named Adam Miller as its executive vice president, national accounts. Miller, who is based in Chicago, has nearly 20 years of experience in the insurance industry, specializing in s...
Posted: Jan 07, 2025
World Insurance Associates Names Miller EVP, National Accounts World Insurance Associates LLC, headquartered in Iselin, New Jersey, named Adam Miller as its executive vice president, national accounts. Miller, who is based in Chicago, has nearly 20 y...
Posted: Jan 07, 2025
Insurance brokers Aon plc, Guy Carpenter and WTW announced they each have completed previously announced mergers and acquisitions. Aon’s acquisition of Griffiths & Armour, which was first announced in November 2024, officially completed on...
Posted: Jan 07, 2025
Porch Group, a homeowners insurance and vertical software platform, has completed the formation of Porch Insurance Reciprocal Exchange (PIRE), a new homeowners insurance reciprocal exchange, alongside the sale of Homeowners of America Insurance Co...
Posted: Jan 07, 2025
Core Specialty Insurance Holdings Inc. and its subsidiaries have agreed to purchase London Aviation Underwriters Inc. (LAU), in a stock and cash transaction. Financial details of the deal, which is expected to close early in 2025, were not disclosed....
Posted: Jan 07, 2025
Global broking group Aon expects the reinsurance market to remain largely attractive for both buyers and sellers of protection in the months ahead, but has called on reinsurers to demonstrate their value as they target top line growth. In its late...
Posted: Jan 07, 2025
An avalanche killed one skier and injured another after the group they were in triggered the large snowslide while ascending a mountain in western Wyoming. The avalanche happened Saturday in a backcountry area about 20 miles east of Grand Teton ̷...
Posted: Jan 07, 2025
Boosting growth and profitability is a goal for all U.S. insurance agents and brokers, but until recently that has been easier to assert than to achieve consistently. Booking organic growth is difficult, even for firms with strong sales cultures, and...
Posted: Jan 07, 2025
Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year. Velocity Risk, providing coverage for catastrophe-expose...
Posted: Jan 07, 2025
Moody’s Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. and UK as a reason for the upgrade. As for commercial P/C insu...
Posted: Jan 07, 2025
Benoît-Laurent Yerna, Chief Risk Officer (CRO) and Board Member of Belgium domiciled insurer Ethias Group, has revealed that after months of work, Ethias Re, the firm’s brand new reinsurance company, has officially launched. Ethias Group is...
Posted: Jan 07, 2025
London-domiciled, Lloyd’s Approved Coverholder, energy sector managing general agent Volt Underwriting has appointed Louis Scott as Senior Underwriter, Power and Renewable Energy, effective immediately. Scott joins the firm after spending 12 years...
Posted: Jan 07, 2025
PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars. Thursday̵...
Posted: Jan 07, 2025
Lovell Minnick Partners (LMP), a private equity firm focused on investing in financial services, business services and fintech, has signed a definitive agreement to make a strategic growth investment in the independent financial services consultan...
Posted: Jan 07, 2025
The U.S. National Highway Traffic Safety Administration said on Tuesday it had opened a probe into about 2.6 million Tesla vehicles after reports of some crashes linked to its “Actually Smart Summon” driverless feature. The NHTSA’s...
Posted: Jan 07, 2025
The National Highway Traffic Safety Administration said on Tuesday it has opened a probe into 2.6 million Tesla vehicles in the United States over reports of crashes involving a feature that allows users to move their cars remotely. The new …
Posted: Jan 07, 2025
Insurance Business Magazine - US
Posted: Jan 07, 2025
Insurance Business Magazine - US
Posted: Jan 07, 2025
Specialty insurer Ryan Specialty has agreed to acquire Nashville, Tennessee-based managing general underwriter Velocity Risk Underwriters, LLC for $525 million from funds managed by Oaktree Capital Management, L.P., expanding its property catastro...
Posted: Jan 07, 2025
Old Republic International Corp. said it is forming a new subsidiary for cyber and technology errors and omissions insurance products. Old Republic Cyber Inc. will be led by CJ Pruzinsky, formerly of Resilience. He will serve as president of the R...
Posted: Jan 07, 2025