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Spilled oil has washed up along “tens of kilometers” of the Russian Black Sea coast after two tankers were badly damaged in a storm at the weekend, a regional official said on Tuesday, and state media said a third ship …
Posted: Dec 18, 2024
The lead European Union data privacy regulator for Meta fined the social media giant 251 million euros ($263.5 million) on Tuesday for a 2018 Facebook security breach that affected 29 million users. Meta notified Ireland’s Data Protection Commi...
Posted: Dec 18, 2024
An Illinois man accused of defrauding individuals by claiming to be an insurance adjuster doing roof repair after a recent hailstorm was arrested in Florida on Dec. 13. Scott A. Lennington of Morton, Ill. was taken into custody by the …
Posted: Dec 18, 2024
Global specialty and P&C re/insurer Canopius Group has announced the appointment of Olivia Brindle as Head of Sustainability. In her new role, Brindle will report to Lindsay Astor, Chief of Staff and Head of Strategy. She will lead Canopius’ s...
Posted: Dec 18, 2024
Lloyd’s, a marketplace for insurance and reinsurance, recently hosted the inaugural meeting of the UK Government’s Industrial Strategy Advisory Council (ISAC) at its headquarters in London. The meeting brought together UK Chancellor of the Exchequ...
Posted: Dec 18, 2024
Pen Underwriting, a subsidiary of Arthur J. Gallagher & Co., has announced the appointment of Hannah Fry as Chief Operating Officer, effective 6 January, 2025. Fry will join the Executive team of the multi-class, multi-territory specialist und...
Posted: Dec 18, 2024
This post is part of a series sponsored by AgentSync. When you’re shopping for the technology solution that’s going to transform the way your insurance business handles producer lifecycle management, you might look at a lot of things: Tot...
Posted: Dec 18, 2024
Lloyd’s-focused investment vehicle Helios Underwriting has announced the capacity for its 2025 Lloyd’s syndicate portfolio is expected to be £484 million, which is 5% lower compared to 2023, where total capacity stood at £512 million. Accord...
Posted: Dec 18, 2024
Analysts at JMP report that reinsurers are increasingly leaning into the cyber market, a move expected to drive better pricing, and terms and conditions for cedants at the January 1 renewals, building on trends observed at recent renewals. This as...
Posted: Dec 18, 2024
Texas Governor Greg Abbott has a new ambition for the Lone Star State: surpassing France as one of the world’s largest economies. Abbott predicted that economic output in Texas would soon exceed that of the struggling European nation thanks to...
Posted: Dec 18, 2024
Texas agencies reported 252 new cases of groundwater contamination during 2023 in the Texas Groundwater Protection Committee annual report. The latest report compiles 2,870 open cases of groundwater contamination, some of which date back decades. Nea...
Posted: Dec 18, 2024
The Ardonagh Group, an independent insurance broker, has secured an equity investment from funds managed by US-domiciled private equity firm, Stone Point Capital LLC, which values the group at $14 billion. This landmark transaction is expected to...
Posted: Dec 18, 2024
Ardonagh Group has secured new investment from Stone Point Capital, almost doubling the valuation of the UK insurance broker to $14 billion in three years, according to people familiar with the matter. The deal will see Greenwich, Connecticut-based S...
Posted: Dec 18, 2024
The Pacific Catastrophe Risk Insurance Company (PCRIC) has renewed its policy portfolio for 2024, introducing redesigned parametric insurance products developed in collaboration with global experts. These updates include innovative enhancements to...
Posted: Dec 18, 2024
Posted: Dec 18, 2024
Posted: Dec 18, 2024
AM Best, the credit rating agency, has upgraded the outlook for Group Ark Insurance Limited (GAIL) (Bermuda) from stable to positive for its Long-Term Issuer Credit Rating (Long-Term ICR), while affirming the Financial Strength Rating (FSR) of A (...
Posted: Dec 18, 2024
CHICAGO (AP) — A jury awarded nearly $80 million to the family of a 10-year-old Chicago girl who was killed during a police chase and crash in 2020. The city had acknowledged liability in the death of Da’Karia Spicer. The …
Posted: Dec 18, 2024
Roadzen has partnered with Cimarron Underwriters, LLC to expand its insurance offerings across all 50 U.S. states by leveraging Cimarron’s nationwide MGA licenses and infrastructure. Cimarron Underwriters, through its subsidiaries—Cimarron Insuran...
Posted: Dec 18, 2024
Phoenix Financial Ltd., an Israel-based financial, insurance, and investment group, announced a key Loss Portfolio Transfer (LPT) reinsurance agreement with Ayalon Insurance Company Ltd. The move supports the group’s strategic expansion of i...
Posted: Dec 18, 2024
The Biden administration released a key study Tuesday that is likely to complicate President-elect Donald Trump’s plans to quickly approve more exports of liquefied natural gas. The study, which analyzed the economic, environmental and other co...
Posted: Dec 18, 2024
It’s a question that has cropped up in state courts only on rare occasions: If the owner or officer of a subcontractor firm opts out of workers’ compensation coverage for himself, can he then sue the general contractor for negligence R...
Posted: Dec 18, 2024
In May of 2022, as Florida lawmakers debated solutions to the Florida property insurance crisis, a number of Democrats in the state Senate argued that it wasn’t litigation and roof claims that had led to so many insurer insolvencies: It …
Posted: Dec 18, 2024
Schrager Hampson Aviation Insurance Agency LLC, a division of Schrager Hampson Aviation Insurance Group, has announced the acquisition of Charles W. Bilella Agency Ltd, its sixth aviation insurance acquisition. The Charles W. Bilella Agency, in Blue...
Posted: Dec 18, 2024
Hub International Ltd. acquired the assets of Jackson Hole Insurance LLC in Wyoming. Evan Molyneaux, president, and Geoff Whitaker, senior sales executive, will join Hub Mountain. Jackson Hole Insurance will be referred to as Jackson Hole Insurance,...
Posted: Dec 18, 2024
Massachusetts workers’ compensation insurers have filed for a 7.1% increase in average rates for industrial classes beginning July 1, 2025 — the first rate increase since 2016. Why an increase in 2025? According to the industry, it’s beca...
Posted: Dec 18, 2024
The California Division of Occupational Safety and Health issued $276,425 in penalties to Parkwood Landscape Maintenance based in Van Nuys, California, for willfully violating state heat illness prevention regulations. Cal/OSHA determined that the em...
Posted: Dec 18, 2024
Two Washington asbestos removal contractors face losing the ability to legally do future asbestos removal work, plus nearly a half-million dollars in fines, for allegedly knowingly exposing workers to extremely hazardous conditions. The Washington St...
Posted: Dec 18, 2024
Global insurance brokerage WTW has introduced new artificial intelligence (AI) capabilities to its RiskAgility Financial Modeller (RiskAgility FM), a financial modelling and reporting software technology for life and health (L&H) insurers. Lif...
Posted: Dec 18, 2024
This post is part of a series sponsored by Trucordia. Protect your home and finances during a remodel with key insurance tips, from policy updates to builder’s risk coverage. Be prepared for the unexpected! With today’s housing market cre...
Posted: Dec 18, 2024
Amazon.com Inc. leaders rejected internal recommendations that the company relax warehouse worker productivity rates to curb injuries, according to a report from a congressional committee. Released Monday by the majority staff for the Senate Committe...
Posted: Dec 18, 2024
Discover the benefits a streamlined injury triage program can offer in reducing workplace injury burdens and claims costs. The post
Posted: Dec 18, 2024
New York’s largest taxi insurer that is facing serious financial and regulatory challenges has filed a lawsuit seeking more than $450 million against medical providers it alleges have been part of a huge fraud scheme that takes advantage of the...
Posted: Dec 17, 2024
Broken Trust, Insurance Industry Included Leadership ClareCarroll1
Posted: Dec 17, 2024
Insurance Information Institute
For immediate release Mark Friedlander, 904-806-7813, [email protected] MALVERN, Pa., Dec. 18, 2024 – With winter arriving officially on Saturday, Dec. 21, preparing for snow, ice and frigid temperatures should be a priority for homeowners, renters a...
Posted: Dec 17, 2024
Finger’s focus will be on creating a rapid, repeatable implementation process that enhances Penn River’s ability to deploy new products and coverages quickly and efficiently.
Posted: Dec 17, 2024
Stand insurance provides homeowners insurance for climate-impacted properties, where wildfire, flood, and wind impact coverage.
Posted: Dec 17, 2024
Telematics is no longer an industry buzzword. Every top auto insurer has had a telematics program for years. These programs have evolved beyond usage-based insurance to include life-saving crash assistance,...
Posted: Dec 17, 2024
Record Number of Holiday Travelers Expected to Close Out...
Posted: Dec 17, 2024
East Coast High End Car Theft Ring Busted Arraignments announced relating to crime ring believed to be responsib...
Posted: Dec 17, 2024
Insurance Business Magazine - US
Posted: Dec 17, 2024
The American Atlantic Assurance Company is headquartered and domiciled in Malta.
Posted: Dec 17, 2024
NFP, an Aon company, announced its acquisition of Benefits Partner, LLC dba Salus Group, an independent employee benefits consulting, brokerage and administration firm based in Sterling Heights, Michigan. Michael Brillati, CEO of Salus Group, will jo...
Posted: Dec 17, 2024
Massachusetts law enforcement officials report that 12 individuals identified as stealing 63 high-end vehicles totaling more than $2.6 million have been arraigned. Another individual related to the investigation has an outstanding warrant and has not...
Posted: Dec 17, 2024
Wisconsin Kayaker Who Faked Death, Fled Country Charged After Returning to U.S. A Wisconsin man who fak...
Posted: Dec 17, 2024