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Newline Group adds Malcolm Newman as a Non-Exec Director

Reinsurance News

Newline Group, a specialty insurance provider, has appointed Malcolm Newman as a new Non-Executive Director. Newman is a re/insurance industry veteran with over four decades of experience, most recently serving as the Chairman of Tindall Riley &#3...

Posted: Jan 06, 2025

US Sanctions Chinese Cyber Firm Linked to Botnet Attack

Insurance Journal

The US Treasury Department sanctioned Chinese cybersecurity firm Integrity Technology Group for its alleged role in a state-sponsored botnet attack known as Flax Typhoon. Integrity Technology, which is traded on the Shanghai Stock Exchange, was invol...

Posted: Jan 06, 2025

Boeing, DOJ Tell US Judge They Have Not Reached Agreement on Revised Plea Deal

Insurance Journal

The U.S. Justice Department and Boeing told a court on Friday they have not reached agreement on a revised plea deal after a U.S. judge in December rejected the deal, faulting a diversity and inclusion provision. Boeing and the government …

Posted: Jan 06, 2025

Strate Insurance in Tennessee Merges with Main Street Insurance Group

Insurance Journal

Strate Insurance Group, a personal lines agency with offices in five Tennessee cities, is merging with Main Street Insurance Group, a 127-year-old agency with locales in North Carolina. Strate officers said in a news release that the merged firm will...

Posted: Jan 06, 2025

Strate Insurance in Tennessee Merges With Main Street Insurance Group

Insurance Journal

Strate Insurance Group is merging with Main Street Insurance Group, a 127-year-old agency with locales in North Carolina. Strate officers said in a news release that the merged firm will operate as Strate Insurance Group, a Main Street Insurance Grou...

Posted: Jan 06, 2025

Allianz Australia to sell Hunter to private equity firm Pemba Capital Partners

Reinsurance News

Australian private equity firm Pemba Capital Partners has agreed to acquire Allianz Australia Limited’s wholly owned subsidiary, Hunter Premium Funding. Hunter allows businesses to pay their insurance premiums in regular instalments rather than as...

Posted: Jan 06, 2025

AI in Insurance: 2025 Predictions

Insurance Thought Leadership

AI in Insurance: 2025 Predictions AI & Machine Learning ClareCarroll1

Posted: Jan 05, 2025

3 Reasons to Unify Financial Operations

Insurance Thought Leadership

3 Reasons to Unify Financial Operations Operational Efficiency ClareCarroll1

Posted: Jan 05, 2025

Help Clients Understand the Importance of an Umbrella in a Turbulent Market

IA Magazine

Volatility is making it harder for agents to find coverage for their customers, whose demand has increased as awareness of large jury verdicts grows.

Posted: Jan 05, 2025

Old Republic Launches Cyber and Technology Underwriting Company

IIR

The new company, Old Republic Cyber, Inc., will focus on providing specialized Cyber- and Technology-related coverage.

Posted: Jan 05, 2025

Earnix Joins MGAA to Support Innovation and Growth in the MGA Sector

IIR

The Managing General Agents Association is a prominent association representing over 400 MGAs across the U.K. and the Republic of Ireland.

Posted: Jan 05, 2025

New Beginnings: Insurance Innovation 2025

IIR

Overestimating the impact of changes in the short term, while underestimating them over the long haul could be a fateful mistake for IT leaders and the companies they support now.

Posted: Jan 05, 2025

State High Court Nixes Policy Cancellation Over ‘Ambiguous’ Communications

Insurance Journal

An insurer failed to properly cancel a workers’ compensation policy because its multiple notices and other conduct were not “definite, certain, and unambiguous” as to the status of the coverage. As a result, Ace America Insurance Co...

Posted: Jan 04, 2025

Unlocking the Impact of Effective Medical Case Management

Risk & Insurance

Understanding what high-performance medical case management can accomplish provides a clearer, more effective path to lowering claim costs & optimizing service delivery to payers and injured workers. The post

Posted: Jan 03, 2025

Trends That are Paving the Way for Successful Managed Care Programs in 2025

Risk & Insurance

As workers' compensation leaders prepare for the coming year, key trends in managed care programs are rapidly emerging. By proactively identifying and responding to these developments, leaders can significantly enhance long-term claims outcomes.

Posted: Jan 03, 2025

Colorado Governor Wants to Privatize State’s Workers’ Comp Carrier

Insurance Journal

Colorado Gov. Jared Polis wants to spin off the state’s stake in Pinnacol Assurance, privatizing the workers’ compensation carrier of last resort to help it make more money and plug government budget holes. The big idea is that pulling up...

Posted: Jan 03, 2025

US E&S insurance market poised to maintain upward trajectory, says Conning

Reinsurance News

The Excess and Surplus (E&S) insurance market has experienced significant growth, achieving a 21% compound annual growth rate over the past five years, surpassing $104 billion in premiums in 2023, and is expected to continue its upward traject...

Posted: Jan 03, 2025

Campbell Named Acting Director of Missouri Department of Commerce and Insurance

Insurance Journal

Governor Mike Parson announced that Mick Campbell will take over as the Acting Director of the Department of Commerce and Insurance (DCI) effective January 1, 2025. Campbell currently serves as the Commissioner of Finance for DCI. “We have anno...

Posted: Jan 03, 2025

Sanford Health to Pay $220K in Back Wages and Damages

Insurance Journal

The Minnesota Department of Labor and Industry (DLI) announced it has entered into a consent order with medical clinic Sanford to require that it comply with Minnesota laws that provide pregnant employees with reasonable workplace accommodations and...

Posted: Jan 03, 2025

Rescuers Describe Scene at a Hawaii Home After Deadly Fireworks Blast

Insurance Journal

Emergency crews arrived to a chaotic and gruesome scene in a Honolulu neighborhood after a large New Year’s firework tipped over after being lit and ignited a fiery, shrapnel-studded blast that killed three people and injured more than 20 other...

Posted: Jan 03, 2025

EVs, Nuclear and Forever Chemicals: Climate Predictions for 2025

Insurance Journal

From record solar installations to rising electric vehicle sales, the world is in many ways ramping up the fight against global warming. Yet there are coal-black swans waiting to disrupt the green transition this year. From the US to Japan, …

Posted: Jan 03, 2025

Troutman Pepper and Locke Lord merge to form new global law firm

Reinsurance News

Law firms Troutman Pepper and Locke Lord have announced their merger to form Troutman Pepper Locke LLP, a firm with over 1,600 attorneys and 33 offices across the US and Europe. Tom Cole, Chair of Troutman Pepper Locke, said, “This merger is...

Posted: Jan 03, 2025

ASIC earns AM Best’s affirmation of A- rating with stable outlook

Reinsurance News

AM Specialty Insurance Company has announced that AM Best has reaffirmed its Financial Strength Rating (FSR) of A- (Excellent) with a stable outlook. This recognition highlights ASIC’s focus on underwriting quality, disciplined risk manageme...

Posted: Jan 03, 2025

People Moves: Fairfax Insurance Names Young as President, Barnard as Chair; Acrisure Appoints Indust...

Insurance Journal

This edition of International People Moves details at Fairfax Insurance Group and Acrisure’s Volante. A summary of these new hires follows here. Fairfax Insurance Group Names Young as President, Barnard as Chair Fairfax Financial Holdings Ltd....

Posted: Jan 03, 2025

Craig Hanrahan Appointed to Lead North America Insurance Field Operations at Everest

Risk & Insurance

The latest people news in the industry today. The post Craig Hanrahan Appointed to Lead North America Insurance Fie...

Posted: Jan 03, 2025

Uber Not Liable: Driver Was Not Logged in at Time of Accident, Florida Court Says

Insurance Journal

A Florida man may have been an occasional driver for Uber, the ride-hailing company, but he was not working at the time that he struck and killed his former girlfriend, and Uber is not liable for the wrongful death, a …

Posted: Jan 03, 2025

CEE cat loss-free property reinsurance treaties renew -2.5% to +5% at 1.1: Gallagher Re

Reinsurance News

According to reinsurance broker Gallagher Re, Central and Eastern Europe (CEE) catastrophe loss-free property reinsurance treaties were renewed -2.5% to up 5%, while catastrophe loss-hit reinsurance rates increased 10% to 20% at the January 1, 202...

Posted: Jan 03, 2025

Nicole Arangio Appointed as EVP and Chief Compliance Officer at Liberty Mutual Insurance

Risk & Insurance

The latest people news in the industry today. The post Nicole Arangio Appointed as EVP and Chief Compliance Of...

Posted: Jan 03, 2025

Sandy Bigglestone to Assume Role as Acting Commissioner of the Department of Financial Regulation in...

Risk & Insurance

The latest people news in the industry today. The post Sandy Bigglestone to Assume Role as...

Posted: Jan 03, 2025

Europe Braces for Snow and Ice With UK Facing Amber Warnings

Insurance Journal

Northern Europe is facing freezing temperatures and snow, boosting heating demand and putting more pressure on the region’s depleting gas inventories. There are yellow weather alerts over Scotland on Friday, with the risk of blizzard conditions...

Posted: Jan 03, 2025

Kristen Peed Appointed as President of RIMS for 2025 Term

Risk & Insurance

The latest people news in the industry today. The post Kristen Peed Appointed as President of RIMS for 2025 Term appeared first on

Posted: Jan 03, 2025

Encik Zaid appointed Officer in Charge, Labuan Re

Reinsurance News

Labuan Reinsurance (L) Ltd (Labuan Re) has appointed Encik Zaid Aziz Ibrahim as its Officer in Charge, following the recent departure of Puan Johana Era Zainuddin on December 31, 2024. Encik Zaid currently serves as the firm’s Chief Underwri...

Posted: Jan 03, 2025

South Carolina Leads Country in People Moving in, U-Haul Says

Insurance Journal

U-Haul, one of the best-known providers of trucks, vans and moving supplies, also tracks where that equipment is being used. And in 2024, Southeastern states led the nation, with South Carolina ranking as the state with largest number of customers. &...

Posted: Jan 03, 2025

A $24 Billion Fund Puts Its Religious Stamp on Corporate America

Insurance Journal

Jim Lake, a devout Christian in Washington state, said his religious beliefs have always made him opposed to practices such as abortion, transgender transitions or embryonic stem cell research. But until this past year, it didn’t cross the reti...

Posted: Jan 03, 2025

Palomar Holdings acquires First Indemnity of America Insurance Company

Reinsurance News

Specialty property insurer Palomar Holdings has completed its acquisition of First Indemnity of America Insurance Company (FIA). Founded in 1979, FIA is an independent surety company specialising in providing bonding solutions for contractors, bus...

Posted: Jan 03, 2025