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IICF Raises $1.4 Million for Northeast Nonprofits

Insurance Journal

The Insurance Industry Charitable Foundation (IICF) reports that it raised more than $1.4 million at its 18th Annual Northeast Benefit Event last week in New York City. The gala hosted more than 600 professionals from the insurance industry for an &#...

Posted: Dec 10, 2024

L&G posts £10bn in bulk annuity volumes for Institutional Retirement division

Reinsurance News

Legal and General Plc (L&G) has revealed that its shares have climbed higher after the organisation posted an update on its Institutional Retirement division, which specialises in bulk annuities. The company has reaffirmed its solid outlook fo...

Posted: Dec 10, 2024

How Underground Abandoned Mines Pose Danger When Land Collapses

Insurance Journal

Swaths of Pennsylvania and many other states are honeycombed with old, unstable mines that can cause the earth to suddenly give way and threaten people and property. That’s what searchers in Westmoreland County, just southeast of Pittsburgh, fe...

Posted: Dec 10, 2024

Alliant Acquires Union First in California

Insurance Journal

Alliant Insurance Services acquired Union First in Irvine, California. Union First will join Alliant’s Employee Benefits Group – West Region. Union First is a benefits consulting and third-party administration firm serving public safety labor a...

Posted: Dec 10, 2024

California Investing $100M to Build Safe Walking And Biking Routes

Insurance Journal

The California Transportation Commission awarded $101.2 million to projects across the state to improve walking and biking safety. The 13 projects awarded are intended to contribute to healthier communities, connect neighborhoods, and improve quality...

Posted: Dec 10, 2024

10 Injured When Police Motorcycle Officer Crashed into California Parade Bystanders

Insurance Journal

Ten people were injured after a police traffic officer on a motorcycle crashed into bystanders at a weekend holiday parade in Palm Springs, California, authorities said. All of the injured were taken to hospitals Saturday night for treatment of injur...

Posted: Dec 10, 2024

People Moves: DUAL North America Appoints Casualty Underwriting Leaders

Insurance Journal

DUAL North America, headquartered in Naples, Florida, appointed Andreas Graham as executive vice president of the EIURS team, a division of DUAL, and Ed Frey as senior vice president of professional liability. Based in Boston, Graham will lead the EI...

Posted: Dec 10, 2024

Gallagher to Buy AssuredPartners for $13.5B to Increase Mid-Market Reach

Carrier Management

Gallagher to Buy AssuredPartners for $13.5B to Increase Mid-Market Reach Arthur J. Gallagher this morning said i...

Posted: Dec 09, 2024

Ping Data Technology and ACORD Solutions Announce Strategic Partnership

IIR

The two companies have combined Ping’s SOV ingestion software and ACORD’s data extraction and AI tools to enhance P&C Underwriter Workflows.

Posted: Dec 09, 2024

Aon Names Ciaran Healy Global Captive Leader, Commercial Risk Solutions

IIR

Healy succeeds John English, who has been appointed chairman of Aon Global Risk Consulting, effective Jan. 1, 2025.

Posted: Dec 09, 2024

Shelter Insurance Selects Guidewire to Transform Business Operations

IIR

The selection and implementation of Guidewire is a key component of Shelter’s Monarch business transformation.

Posted: Dec 09, 2024

Liberty Mutual Names Nicole Arangio EVP, Chief Compliance Officer

IIR

Current Executive Vice President and Chief Compliance Officer Karen Morton Announces Retirement in March 2025

Posted: Dec 09, 2024

Centana Growth Partners closes Fund III

coverager

The latest closing builds on the successes of Centana’s previous funds, including its Fund II, which closed with $375 million in limited partner commitments.

Posted: Dec 09, 2024

Improving Safety Measurement System Results

Risk & Insurance

One way to improve your Safety Measurement System (SMS) results is through clean inspections over time. To do this, consider three approaches: training, teamwork, and metrics. The post

Posted: Dec 09, 2024

The Very Real Benefits of an In-Person Vermont Captive Board Meeting

Risk & Insurance

Board meetings enable company officials to glean information and help grow their business. Vermont captive board meetings make the captive the centerpiece of the action. The post

Posted: Dec 09, 2024

6 Principles for Customer Experience Excellence

Insurance Thought Leadership

6 Principles for Customer Experience Excellence Agent & Broker

Posted: Dec 09, 2024

New York Expands Workers’ Compensation For Mental Health to All Workers

Insurance Journal

New York Governor Kathy Hochul has signed legislation to expand workers’ compensation benefits to people who are facing job-related mental health crises. The new law, which goes into effect January 1, 2025, allows any worker to file for workers...

Posted: Dec 09, 2024

Retail Workers Most Likely to Suffer Injuries First Year on the Job: Survey

Carrier Management

Retail Workers Most Likely to Suffer Injuries First Year on the Job: Survey As retailers scurry to high...

Posted: Dec 09, 2024

New Employee Lawsuit Accuses Apple of Silencing Workers, Spying on Personal Devices

Carrier Management

New Employee Lawsuit Accuses Apple of Silencing Workers, Spying on Personal Devices A...

Posted: Dec 09, 2024

People Moves: Generali Global Corporate & Commercial Appoints Key Leaders in Mediterranean & LatAm;...

Insurance Journal

This edition of International People Moves details appointments at Generali Global Corporate & Commercial and Ryan Specialty. A summary of these new hires follows here. Generali Global Corporate & Commercial Appoints Key Leaders in Mediterran...

Posted: Dec 09, 2024

People Moves: GC&C Appoints Key Leaders in Mediterranean & LatAm; Ryan Financial Lines Names Winborn...

Insurance Journal

This edition of International People Moves details appointments at Generali Global Corporate & Commercial and Ryan Financial Lines. A summary of these new hires follows here. Generali Global Corporate & Commercial Appoints Key Leaders in Medi...

Posted: Dec 09, 2024

Texas’ Push to Meet Power Demand Could Spark Uranium Mining Revival

Insurance Journal

In the old ranchlands of South Texas, dormant uranium mines are coming back online. A collection of new ones hope to start production soon, extracting radioactive fuel from the region’s shallow aquifers. Many more may follow. These mines are th...

Posted: Dec 09, 2024

Ohio Manufacturer Faces $182K Fine for Workers’ Amputations

Insurance Journal

U.S. Department of Labor inspectors found a Cleveland, Ohio bakeware manufacturer failed to prevent two workers from suffering injuries that resulted in amputations, incidents that could have been avoided with proper safety measures. The department&#...

Posted: Dec 09, 2024

MetLife partners with Workday

coverager

Additional details about MetLife’s participation in the Workday Wellness program will be shared in 2025.

Posted: Dec 09, 2024

Horace Mann now available to New Jersey teachers

coverager

Auto and home insurance will be available through a partnership with Plymouth Rock Assurance.

Posted: Dec 09, 2024

Graham to lead DUAL NA’s EIURS as EVP, Frey named SVP of Professional Liability

Reinsurance News

DUAL North America has announced two new underwriting leadership appointments in its casualty divisions, Andreas Graham as Executive Vice President of the EIURS team, a division of DUAL, and Ed Frey as Senior Vice President of Professional Liabili...

Posted: Dec 09, 2024

Snack Maker Hearthside Settles Illinois Child Labor Probe

Insurance Journal

Private equity-backed snack producer Hearthside Food Solutions has agreed to pay $4.5 million to end an investigation by Illinois authorities into allegations the business used child labor at facilities in the state. Hearthside, which filed for bankr...

Posted: Dec 09, 2024

Identities of Shadow Banks That Use New BOE Tool to Remain Secret

Insurance Journal

The Bank of England will hide the identities of any pension funds, insurers or hedge funds bailed out under a new financial stability tool to prevent a wider crisis engulfing the economy, Deputy Governor Dave Ramsden said. The BOE has …

Posted: Dec 09, 2024

Settlement Offered to Nursing Home Residents Kept in Warehouse During Ida

Insurance Journal

NEW ORLEANS (AP) — Some of the elderly residents of seven Louisiana nursing homes who were sent in 2021 to ride out Hurricane Ida in a crowded, ill-equipped warehouse are being offered shares of a nearly $9 million settlement after …

Posted: Dec 09, 2024

Davies to acquire Premier Claims Management to expand North American claims services

Reinsurance News

Davies, a professional services and technology specialist, has announced its acquisition of Premier Claims Management, LLC (PCM), a claims service provider specialising in professional and general liability claims. Based in Santa Ana, California,...

Posted: Dec 09, 2024

Connecticut Court Upholds $965 Million Sandy Hook Verdict Against Jones

Insurance Journal

The Connecticut Appellate Court on Friday affirmed a $965 million verdict from 2022 against conspiracy theorist Alex Jones, determining there’s “sufficient evidence” to support the damages awarded to relatives of the Sandy Hook Elem...

Posted: Dec 09, 2024

NHTSA Closes Probe Into 7,745 Fisker Ocean SUVs After Software Update

Insurance Journal

The U.S. auto safety regulator said on Monday it has closed a preliminary evaluation into 7,745 Fisker Ocean SUVs over failure to shift vehicles into the park gear, after the electric-vehicle startup issued recalls and released a software update. Ear...

Posted: Dec 09, 2024

Businesses must ensure they take a considered approach when they implement AI: Beazley’s Cox

Reinsurance News

Despite the excitement surrounding artificial intelligence’s (AI) potential, businesses should take stock and ensure that they are taking a considered approach as they implement the technology into their systems, says Adrian Cox, Chief Execu...

Posted: Dec 09, 2024