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From Administrator to Career Development Partner—How This Key Role in Insurance Licensing is Evolvin...

IIR

Minus a robust approach to streamlining the licensing management process, carriers risk exposing their organizations to ever-increasing fines, license revocations, and reputational damage bottlenecking, not to mention holding back their agents’ poten...

Posted: Dec 08, 2024

AVP backs Ethyca

coverager

Ethyca provides data privacy and AI governance solutions, focusing on scalable systems designed for modern enterprises.

Posted: Dec 07, 2024

CFC launches excess insurance solution for secondary transactions

coverager

We're excited to introduce this comprehensive solution for secondary transactions, which further augments our leadership in this important, emerging part of the transaction liability market

Posted: Dec 07, 2024

Sammons Financial Group names Casey Decker to new role as COO

coverager

The new COO role will oversee agency services, new business, underwriting, policy administration, claims, information technology, and human resources.

Posted: Dec 06, 2024

Secret Powers Behind Super Insurance Agents

Insurance Thought Leadership

Secret Powers Behind Super Insurance Agents Agent & Broker

Posted: Dec 06, 2024

Dynamic Pricing Gives Insurers a Competitive Edge

Insurance Thought Leadership

Dynamic Pricing Gives Insurers a Competitive Edge Underwriting

Posted: Dec 06, 2024

U.S. Judge Rejects Boeing Plea Deal in Fatal 737 MAX Crashes Due to DEI Provision

Carrier Management

U.S. Judge Rejects Boeing Plea Deal in Fatal 737 MAX Crashes Due to DEI Pro...

Posted: Dec 06, 2024

Economic Threats Top Global Business Leaders’ Risk Concerns

Risk & Insurance

Business leaders rank economic downturn, inflation and labor shortages as top risks for 2024, according to World Economic Forum survey. The post

Posted: Dec 06, 2024

GEICO to Add 500 New Jobs at New North Texas Hub

Carrier Management

GEICO to Add 500 New Jobs at New North Texas Hub GEICO announced the addition of 500 new jobs in North Texas to...

Posted: Dec 06, 2024

P&C Insurance Industry Posts Major Turnaround in First Nine Months of 2024

Risk & Insurance

U.S. P&C insurers post dramatic $36.2 billion underwriting turnaround in first nine months of 2024, AM Best reports. The post

Posted: Dec 06, 2024

Antares Announces Leadership Team for New Commercial Division

Insurance Journal

Antares Global Management Ltd. announced three key appointments for its new Commercial Division, which comprises Syndicate 1274 and Bermuda-based Antares Re. Antares announced in November that it was restructuring its underwriting operations by spitt...

Posted: Dec 06, 2024

American Integrity Insurance appoints Jon Ritchie as President

Reinsurance News

American Integrity Insurance Group, a provider of residential property insurance in Florida, has announced the promotion of Jon Ritchie to President. Ritchie, who joined the company in 2019 as Chief Operating Officer, has reportedly been instrumen...

Posted: Dec 06, 2024

3 Reasons for Property Insurance Professionals to Attend INTRConnect 2025

Insurance Journal

This post is part of a series sponsored by CoreLogic. With 2025 in plain sight, it’s time to solidify our strategies for the new year. Next year will undoubtedly bring challenges, but it will also present many opportunities—if you position &#82...

Posted: Dec 06, 2024

Aviva CEO Amanda Blanc Conquers Detractors and Direct Line

Insurance Journal

Amanda Blanc is determined to steer Aviva Plc to one of the biggest takeovers in its history, a highlight in a storied insurance career where she’s stood up to challenges including activist shareholders and sexist barbs. If her £3.6 billion &#8...

Posted: Dec 06, 2024

UK Issues Red Warning as Storm Darragh Brings Hurricane-Strength Winds

Insurance Journal

Storm Darragh has triggered a red weather warning for the west coast of Wales and the Bristol Channel on Saturday, with hurricane-force winds forecast. Wind speeds are expected to reach as high as 90 miles (145 kilometers) per hour, according …

Posted: Dec 06, 2024

Trustees urged to look beyond price when selecting insurers: Hymans Robertson

Reinsurance News

A new paper from Hymans Robertson, a leading pensions and financial services consultancy, advises trustees of defined benefit (DB) pension schemes to look beyond price when selecting an insurer for buy-in or buy-out transactions. While cost remain...

Posted: Dec 06, 2024

October U.S. Labor Market Highlights: Hiring Slowed While Job Openings Rose

Carrier Management

October U.S. Labor Market Highlights: Hiring Slowed While Job Openings...

Posted: Dec 06, 2024

After 23 Years as CEO, Craft Moves to Producer Role at Palomar as Williford Takes Helm

Insurance Journal

Alabama-based Palomar Insurance, a 70-year-old agency with offices across the state and in Mississippi and Georgia, announced that longtime CEO Tony Craft will step down to be a producer in the company. Replacing Craft at the top is Jim Williford, &#...

Posted: Dec 06, 2024

Insured Losses From Natural Disasters Top US$100B for 5th Consecutive Year: Swiss Re

Insurance Journal

Estimated insured losses from natural catastrophes are on track to surpass US$135 billion in 2024 – for the fifth consecutive year, according to Swiss Re Institute. A warming climate is contributing to the occurrence of many of the natural catastroph...

Posted: Dec 06, 2024

Failure to Produce Proof of Purchase Dooms Insurer’s Product Liability Case

Insurance Journal

A federal court in Pennsylvania recently affirmed that plaintiffs seeking to hold a seller or distributor liable for a faulty product must provide clear evidence of where they purchased their product. In a homeowners insurance subrogation case over w...

Posted: Dec 06, 2024

Goldman Sachs Quits Global Climate Coalition for Banks

Insurance Journal

Goldman Sachs said it has quit a sector coalition aimed at aligning bank lending and investment activities with global efforts to fight climate change, marking the latest high-profile departure of a U.S. financial firm from the group. The U.S. invest...

Posted: Dec 06, 2024

Fraud Ringleader in Washington Sentenced, Ordered to Pay $7.1M in Restitution

Insurance Journal

A Washington man has been sentenced to a dozen years in prison and ordered to pay $7.1 million for leading a fraud scheme that involved staged collisions. A U.S. District Judge sentenced William Oldham Mize to 144 months in federal …

Posted: Dec 06, 2024

Missouri to See Reduction in Workers’ Comp Rates in 2025

Insurance Journal

The Missouri Department of Commerce and Insurance (DCI) announced that employers should see a reduction in workers’ compensation rates in 2025, marking the fourth straight year of decreased rates. The projected rate reduction is based off preli...

Posted: Dec 06, 2024

Aviva reaches agreement to acquire Direct Line

coverager

Citizens is Florida’s insurer of last resort.

Posted: Dec 06, 2024

Andy Bills to serve as Chief Revenue Officer of Risk Solved

Reinsurance News

Global risk engineering and risk data solution provider, Risk Solved, has appointed Andy Bills to the newly created role of Chief Revenue Officer, designed to build on its existing sales and revenue generation activity. Bills is a market veteran a...

Posted: Dec 06, 2024

Texas Tire Distributor Faces $288K Fine After Forklift Operator’s Death

Insurance Journal

A U.S. Department of Labor investigation revealed that proper workplace safety training and correct storage of pallets taller than 16 feet could have prevented the fatal injuries suffered by a forklift operator at a tire distribution center in Elm Mo...

Posted: Dec 06, 2024

Texas Senate to Pursue Ban on THC Products in 2025

Insurance Journal

Lt. Gov. Dan Patrick announced Wednesday that lawmakers in the state Senate would move to ban all forms of consumable tetrahydrocannabinol, or THC, in Texas. Patrick, who presides over the Senate and largely controls the flow of legislation in the &#...

Posted: Dec 06, 2024

Georgia Parents and Teen Indicted in Fatal Drunk Driving Crash

Insurance Journal

DECATUR, Ga. (AP) — A Georgia couple has been charged with involuntary manslaughter after authorities say they let their daughter and her friends drink alcohol before they got in a fatal car crash that left one of them dead. Hannah …

Posted: Dec 06, 2024

J.P. Morgan forecasts positive growth outlook for life insurance sector

Reinsurance News

Despite life insurance facing a challenging decade, analysts at J.P. Morgan expect a better growth outlook for the sector moving forward. In its recent report, the firm noted that most advanced life markets, including developed markets in Asia lik...

Posted: Dec 06, 2024

Baltimore First Responders Rush to Contain Fire in City’s Wood Refuse Area

Insurance Journal

Baltimore firefighters last night rushed to the scene of a fire spotted at a wood waste collection yard run by the city. At approximately 5:10 p.m. on Thursday, December 5, a Baltimore parks department employee called 911 after observing a …

Posted: Dec 06, 2024

China Aims to Boost Foreign Investment in Property Insurance Market

Insurance Journal

China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement. The country will support qualified foreign financial institutions to invest i...

Posted: Dec 06, 2024