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Manulife Financial Corporation (Manulife) has announced the closure of its transaction to reinsure two blocks of legacy business, including a younger block of long-term care (LTC), with Reinsurance Group of America (RGA). The $4.1 billion reinsura...
Posted: Jan 02, 2025
Investment bank Morgan Stanley said on Thursday it had decided to leave the Net-Zero Banking Alliance, becoming the latest U.S. lender to quit the sector’s top global climate coalition. While the bank gave no reason for its decision, top banks...
Posted: Jan 02, 2025
A federal judge in Connecticut refused to dismiss a long-running lawsuit accusing the former Nestle Waters North America of defrauding consumers by labeling its Poland Spring bottled water as “spring water.” While rejecting some claims in...
Posted: Jan 02, 2025
According to global insurance and reinsurance broking group Howden, risk-adjusted global property-catastrophe reinsurance rates-on-line decreased by 8% on average at the January 1st, 2025, reinsurance renewals, in comparison to +3% that was recor...
Posted: Jan 02, 2025
Leaders from a US dockworkers’ union and the group that represents their employers are set to resume contract talks on Jan. 7 as the threat of a strike looms, according to a person familiar with the negotiations. Facing a mid-January …
Posted: Jan 02, 2025
Leaders from a US dockworkers’ union and the group that represents their employers are set to resume contract talks on Jan. 7 as the threat of a strike looms, according to a person familiar with the negotiations. Facing a mid-January …
Posted: Jan 02, 2025
Leaders from a US dockworkers’ union and the group that represents their employers are set to resume contract talks on Jan. 7 as the threat of a strike looms, according to a person familiar with the negotiations. Facing a mid-January …
Posted: Jan 02, 2025
Alliant Insurance Services has named Johnny Osborne senior vice president for its Americas division. Based in Huntsville, Alabama, Osborne will open the Alabama market for Alliant, further expanding the company’s reach in the Southeast. Osborne...
Posted: Jan 02, 2025
Aon, a large global insurance and reinsurance broking group, has announced the successful completion of its acquisition of Griffiths & Armour. The deal, finalised on January 1, 2025, enhances Aon’s strategy to broaden its regional footprint in...
Posted: Jan 02, 2025
With an expected return on equity (ROE) of 17.3% for 2024, reinsurers are projected to remain strong through 2026, with the annual ROE forecasted to consistently exceed the cost of equity, according to data from Guy Carpenter, the reinsurance brok...
Posted: Jan 02, 2025
Hawkes Bay Underwriting (HBU) Marine, a Managing General Agent (MGA) in the Asia-Pacific region, has resumed its status as a Lloyd’s of London Coverholder after several years on pause. Established in 2008, HBU has been delivering specialised...
Posted: Jan 02, 2025
Taiping Reinsurance Co., Ltd sponsored the issuance of Asia’s first dual-peril, dual-trigger catastrophe bond on 31st December 2024 in Hong Kong, enhancing its catastrophe risk management capabilities. The $35 million sized cat bond was issued thr...
Posted: Jan 02, 2025
Global property reinsurance renewals were largely orderly at the January 1st, 2025, renewals, and although reduced risk adjusted pricing was greater than many sellers planned for, is “entirely rational and expected” given plentiful cap...
Posted: Jan 02, 2025
According to Howden’s 2025 market report, the January 1 reinsurance renewals experienced notable softening overall, reflecting strong price adequacy and reinsurers’ ambitions for growth. Howden explained that over the past 12 months, favoura...
Posted: Jan 02, 2025
Nexus Underwriting, a Brown & Brown group business, announced it has entered into an agreement to acquire Arma Fusion Ltd., the parent company of Arma Underwriting Ltd. Arma is a leading specialty reinsurance MGA based in the Dubai International...
Posted: Jan 02, 2025
LULING, La. (AP) — The crew of a tugboat was quickly rescued when their vessel sank into the Mississippi River following a collision with a tanker ship in Louisiana. The U.S. Coast Guard said Monday that it is investigating the …
Posted: Jan 02, 2025
ICICI Prudential Life Insurance, in collaboration with Reinsurance Group of America (RGA), has developed and launched ICICI Pru Wish, a first-of-its-kind health product in the life insurance industry that addresses critical illnesses and surgeries...
Posted: Jan 02, 2025
Posted: Jan 02, 2025
Posted: Jan 02, 2025
The owner of an oil tanker seized by Finland on suspicion of breaking an undersea power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer representing the company said …
Posted: Jan 02, 2025
Arthur J. Gallagher & Co. has acquired the Illinois-domiciled Afina Insurance Advisors Inc., a property & casualty insurance broker serving clients in greater Chicago, in an undisclosed transaction. As per the announcement, George Van Dene...
Posted: Jan 02, 2025
Hiscox hired Frank Lamantia as chief technology officer, effective January 21. He will report to Mary Boyd, CEO of Hiscox USA, as well as Chris Loake, chief information officer of Hiscox Group, and will serve on both the Hiscox US …
Posted: Jan 02, 2025
Setting aside the populist flavor of his campaign rhetoric, Donald J. Trump’s previous service as the nation’s 45th president presents a remarkable opportunity to make educated guesses about the impact of his expected policies on the prop...
Posted: Jan 02, 2025
BTW Solutions bills itself as a drug wholesaler and billing service – and as a way for physicians to maximize profits on workers’ compensation and personal-injury-protection patients through the use of topical creams and durable medical equipme...
Posted: Jan 02, 2025
State Compensation Insurance Fund in California announced that it will declare a $149 million dividend to qualifying policyholders with policies that took effect between Jan. 1 and Dec. 31, 2024. This dividend equals roughly 15% of the estimated annu...
Posted: Jan 02, 2025
A federal judge is signaling that Rudy Giuliani’s contempt hearing on Friday might not end so well for the former New York City mayor and onetime personal lawyer for President-elect Donald Trump as two Georgia election poll workers try to ̷...
Posted: Jan 02, 2025
The Massachusetts Legislature approved a bill Monday aimed at closing loopholes in the state’s health care market regulatory process exposed by the collapse of Steward Health Care. The bill is also designed to increase financial transparency by...
Posted: Jan 02, 2025
This post is part of a series sponsored by Darkhorse Insurance. Ever felt like a bird with clipped wings, singing the same song for the same company year after year? You’re not alone. Many captive insurance agents, while enjoying the …
Posted: Jan 02, 2025
Independent agents can transform how customers perceive value in insurance, guiding them through a challenging and evolving market.
Posted: Jan 01, 2025
Independent agents can transform how customers perceive value in insurance, guiding them through a challenging and evolving market.
Posted: Jan 01, 2025
An employee who was injured when rescuing chocolate candies from the heat in his employer-owned delivery truck is not due workers’ compensation benefits. The Virginia Workers’ Compensation Commission (WCC) upheld a deputy commissionerR...
Posted: Jan 01, 2025
4 Reasons Digital Transformations Are Failing Going Digital ClareCarroll1
Posted: Dec 31, 2024
How AI Can Maximize Unstructured Data AI & Machine Learning ClareCarroll1
Posted: Dec 31, 2024
Karnina Szymanski leads all aspects of customer experience for Bold Penguin. Her personal and professional mission is to elevate the next generation of leaders within the insurance industry.
Posted: Dec 31, 2024
Emergency Fund Vs. Safe Money Life & Health ClareCarroll1
Posted: Dec 31, 2024
The Role of Data Cleansing in Insurance Data Analytics ClareCarroll1
Posted: Dec 31, 2024
Posted: Dec 31, 2024
An investigation by the U.S. Department of Labor’s Wage and Hour Division found Methodist Family Health in Little Rock, Ark. terminated a worker while out on family medical leave, a violation of the Family Medical Leave Act. The worker had R...
Posted: Dec 31, 2024
The U.S. District Court for the Eastern District of Missouri entered an order on Dec. 17 requiring Ameren Missouri to spend $61 million on projects intended to mitigate violations of the federal Clean Air Act (CAA), including 14 years of …
Posted: Dec 31, 2024
Officials assessed the damage on Sunday after a strong storm system moved across the southern U.S. over the weekend, spawning tornadoes and killing at least four people. There were at least 45 reports of tornado damage across Texas, Louisiana, Missis...
Posted: Dec 31, 2024
Federal inspectors have again cited a Zion, Illinois contractor with an extensive history of endangering workers by exposing them to fall hazards. The latest violations were discovered when employees were found roofing a residential structure without...
Posted: Dec 31, 2024
Ratings agency Moody’s has changed its outlook for the global property and casualty (P&C) insurance sector to stable from negative for 2025. The stable outlook is driven by factors such as improved personal lines pricing adequacy, commercial l...
Posted: Dec 31, 2024
South Korean authorities are investigating airport infrastructure at the site of the country’s worst civil air accident as questions grow over the role played in the disaster by a concrete wall at the end of the runway. Transport officials said...
Posted: Dec 31, 2024
Commercial aviation has suffered its deadliest year since 2018 after the Jeju Air Co. disaster in South Korea and last week’s downing of an Azerbaijan Airlines plane. Fatalities onboard passenger aircraft jumped to 318 this year with the two re...
Posted: Dec 31, 2024
Florida consumers, already fuming in recent years from higher property insurance premiums, repair costs and homeowner association fees, could soon see another burden on their pocketbooks: Duke Energy has filed a plan with the Florida Public Service C...
Posted: Dec 31, 2024
Nearly all of Puerto Rico was without power Tuesday after a widespread failure in the fragile electricity grid triggered an island-wide blackout. The outage began at 5:30 a.m., leaving about 1.3 million of Puerto Rico’s 1.4 million customers in...
Posted: Dec 31, 2024