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US commercial insurance to remain stable, property performs despite cat losses: Lockton

Reinsurance News

According to a new Lockton Market Update report, while the US commercial insurance market remains generally stable and predictable for buyers, a sense of fragility persists as insurers and business leaders monitor natural catastrophes, rising soci...

Posted: Dec 17, 2024

Missouri Insurance Director Lindley-Myers to Retire at End of Year

Insurance Journal

Missouri Department of Commerce and Insurance (DCI) Director will retire at the end of the year, Missouri Governor Mike Parson announced. Lindley-Myers was appointed Director of the Missouri Department of Insurance, Financial Institutions, and Profes...

Posted: Dec 17, 2024

Baltic Sea Countries to Start Checking Insurance Status of Tankers Moving Russian Oil

Insurance Journal

Twelve European countries are set to clamp down on tankers that move millions of barrels of Russian petroleum around the world — by asking to see how they’re protected against oil spills and other high-cost claims. Nations including Denmark, Es...

Posted: Dec 17, 2024

Newline expands operations in Hong Kong

Reinsurance News

Specialty insurer Newline Group (Newline) has expanded its operations in Asia with the establishment of Newline Hong Kong Services Limited, appointing Carson Choi as Head of Financial Lines. The company has had a presence in Asia since 2007, when...

Posted: Dec 17, 2024

Rohan Bhappu to succeed Goh Chye Huat as CEO of Howden Asia

Reinsurance News

Global insurance and reinsurance broking group Howden has appointed Rohan Bhappu as Deputy Chief Executive Officer (CEO), Howden Asia, reporting to current CEO of the business, Goh Chye Huat, effective June 2025, based in Hong Kong. Bhappu will be...

Posted: Dec 17, 2024

Commercial property renewal rates dip amid rising trends: Ivans

Reinsurance News

Ivans, a provider of cloud-based software for the insurance industry, has released the November 2024 results of its Ivans Index, a key indicator of premium renewal rate changes, which reveals year-over-year increases in average renewal rates for n...

Posted: Dec 17, 2024

AXIS enters $2.3bn LPT reinsurance agreement with Enstar

Reinsurance News

Global insurer and reinsurer AXIS Capital Holdings Limited and global legacy re/insurance specialist Enstar Group Limited have entered into a 75% ground-up quota share loss portfolio transfer (LPT) reinsurance agreement, designed to cover a portfo...

Posted: Dec 17, 2024

People Moves: JM Wilson Promotes and Hires for Underwriting Positions

Insurance Journal

JM Wilson, headquartered in Portage, Michigan, promoted several team members and made new hires to its underwriting team. Priya Albert was promoted to property and casualty underwriter. Albert works with carrier underwriters and independent insurance...

Posted: Dec 17, 2024

Four P/C Insurers Are ‘AI Titans’; AI Impact Leaders Revealed: Research

Carrier Management

Four P/C Insurers Are ‘AI Titans’; AI Impact Leaders Reve...

Posted: Dec 17, 2024

Embroker CEO Reflects on Tech, Insurance Journey

Carrier Management

Embroker CEO Reflects on Tech, Insurance Journey When it...

Posted: Dec 17, 2024

Louisiana Home Care Companies to Pay $355K in Back Wages

Insurance Journal

More than 100 people working as home care companions will receive their share of nearly $355,000 in back wages and damages after investigations by the U.S. Department of Labor’s Wage and Hour Division of two southern Louisiana home care provide...

Posted: Dec 17, 2024

Cincinnati Financial announces leadership promotions for key insurance operations

Reinsurance News

Insurer Cincinnati Financial Corporation is strengthening its leadership team to drive profitable growth in its insurance operations. Effective January 1, 2025, the company will promote experienced leaders to shape the strategies for its commercia...

Posted: Dec 17, 2024

Severe Weather Brings Snow, Ice to Midwest and a Tornado in California

Insurance Journal

OMAHA, Neb. (AP) — A tornado near a mall in central California swept up cars, uprooted trees and sent several people to the hospital. In San Francisco, authorities issued the first-ever tornado warning. Elsewhere, inclement weather plagued areas of t...

Posted: Dec 17, 2024

Advocacy Groups Ask FIO to Release Homeowners Insurance Data Collected by NAIC

Insurance Journal

A coalition of consumer, environmental, and fair housing groups have called upon the Treasury’s Federal Insurance Office to release homeowners insurance data before it may be too late. The nationwide data was collected by the National Associati...

Posted: Dec 17, 2024

NTSB: Turbulence Hit Hawaiian Air Flight Due to Decision to Fly Over Storm Cell

Insurance Journal

A Hawaiian Airlines flight crew’s decision to fly over a hazardous storm cell instead of deviating around it was the probable cause for hitting severe turbulence that injured passengers and crewmembers in 2022, the National Transportation Safet...

Posted: Dec 17, 2024

Risk Solved partners with TCG Process to enable end-to-end automation of inbound docs

Reinsurance News

Global risk management platform provider Risk Solved, and TCG Process, an international intelligent document processing and automation solutions provider, have partnered to enable greater end-to-end process automation of inbound documents, such as...

Posted: Dec 17, 2024

Lawsuit Challenges Law Shielding Doctors Prescribing Abortion Pills Via Telemedicine

Insurance Journal

Texas has sued a New York doctor for prescribing abortion pills to a woman near Dallas, launching one of the first challenges in the U.S. to shield laws that Democrat-controlled states passed to protect physicians after Roe v. Wade was …

Posted: Dec 17, 2024

Oregon Lawmakers OK $218M in Emergency Wildfire Funding

Insurance Journal

Oregon lawmakers approved $218 million in emergency wildfire funds during special session that was convened to address unpaid bills stemming from the state’s 2024 record wildfire season. As wildfires still rage in California, Oregon is among se...

Posted: Dec 17, 2024

Walmart’s DEI Compromise Holds Lessons for Corporate America

Insurance Journal

“Robby Starbuck has viewed your profile.” The LinkedIn alerts for Walmart Inc. executives started appearing on Nov. 18, offering an early signal that the anti-DEI campaigner was setting his sights on the biggest US private employer. Just...

Posted: Dec 17, 2024

Top 9 Insurance Agent Software Tools You Should Be Using

Insurance Journal

This post is part of a series sponsored by Darkhorse Insurance. Imagine juggling multiple clients and endless paperwork. You face constant pressure to meet deadlines while providing excellent service. This overwhelming scenario is all too familiar fo...

Posted: Dec 17, 2024

Eyeing Specialty Focus, AXIS Transfers $2.3B of Re Reserves to Enstar

Carrier Management

Eyeing Specialty Focus, AXIS Transfers $2.3B of Re Reserves to Enstar AXIS Capital Holdings Limited and E...

Posted: Dec 16, 2024

Tech Bytes: New Partnerships at ACORD, ZestyAI, Clearwater

Carrier Management

Tech Bytes: New Partnerships at ACORD, ZestyAI, Clearwater Ping Data Technology...

Posted: Dec 16, 2024

Equisoft Names Brian Simpson VP, Insurance Solutions

IIR

Simpson will leverage his decades of expertise in the life, health, and annuity sectors to guide insurers through modernization initiatives with Equisoft’s suite of solutions.

Posted: Dec 16, 2024

Broken Trust—Insurance Industry Included

IIR

The insurance industry must take action to foster greater public trust at a time when public confidence in institutions is at a low point.

Posted: Dec 16, 2024

Woody Allen’s Personal Chef Sues Over Firing

Insurance Journal

Woody Allen ‘s former personal chef claims in a lawsuit that the filmmaker and his wife fired him because of his service in the U.S. Army Reserves and questions about his pay, then “rubbed salt on the wounds” by saying …

Posted: Dec 16, 2024

The Third Wave of AI

Insurance Thought Leadership

The Third Wave of AI PaulCarroll ...

Posted: Dec 16, 2024

Aroo Sivasubramaniam Discusses Resilience and the Insurance Gap with Risk & Insurance

Risk & Insurance

Arooran “Aroo” Sivasubramaniam, who is the Head of Zurich Resilience Solutions, speaks with Risk & Insurance about a new climate resilience tool. The post

Posted: Dec 16, 2024

Protected: Not Your Average Workers’ Compensation and Auto PPO

Risk & Insurance

There is no excerpt because this is a protected post. The post Protected: Not Your Average Workers’ Compensation and Auto PPO appeared...

Posted: Dec 16, 2024

Workers’ Comp Mega Claims Rise Across Industries

Risk & Insurance

Workers' compensation claims greater than $2 million surge in frequency and cost, despite representing less than 0.1% of total claims, study finds. The post

Posted: Dec 16, 2024

Allianz withdraws offer to acquire majority stake in Income Insurance

Reinsurance News

Following the Singapore Government’s announcement during the parliament sitting on October 14th and subsequent changes to the Insurance Act, Allianz Group has withdrawn its pre-conditional voluntary cash general offer to acquire a majority stake i...

Posted: Dec 16, 2024