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A technology issue at Alaska Airlines resulted in the temporary grounding of flights in Seattle on Monday morning and problems into the afternoon for people trying to book flights on its website, the airline said. The Seattle-based company said in &#...
Posted: Dec 04, 2024
A technology issue at Alaska Airlines resulted in the temporary grounding of flights in Seattle on Monday morning and problems into the afternoon for people trying to book flights on its website, the airline said. The Seattle-based company said in &#...
Posted: Dec 04, 2024
Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 billion versus a loss of $32.1 billion last year. A...
Posted: Dec 04, 2024
Growth in net earned premiums outpaced a slight increase in losses and loss adjustment expenses to result in the U.S. property/casualty industry posting a nine-month 2024 underwriting profit of $4.1 billion versus a loss of $32.1 billion last year. A...
Posted: Dec 04, 2024
Bermuda-based Lancashire Holdings Limited has appointed James Flude as Chief Executive Officer (CEO) of Lancashire Insurance U.S., succeeding Huw Jones, who has been appointed to the new role of Chief Underwriting Officer (CUO) for Lancashire U.S....
Posted: Dec 04, 2024
Global credit ratings agency AM Best has revised its outlook for the US personal lines insurance segment to stable from negative, in line with a corresponding change in the personal auto outlook to stable from negative. According to the agency, th...
Posted: Dec 04, 2024
Insurance Business Magazine - US
Posted: Dec 04, 2024
AM Best Revises Outlook for U.S. Personal Lines Insurance Segment to ‘Stable’ AM Best has revised it...
Posted: Dec 04, 2024
More than 5,500 RIA firms have access to DPL's insurance marketplace, either directly or through integrations with wealth management platforms.
Posted: Dec 04, 2024
Flavored Vape Products Dispute Goes Before U.S. Supreme Court A dispute over the U.S. Food and D...
Posted: Dec 04, 2024
The Prudential Regulation Authority has granted Fortegra approval to establish its subsidiary in the United Kingdom.
Posted: Dec 04, 2024
The transaction is expected to be completed by the first half of 2025.
Posted: Dec 04, 2024
Washington proves just how much noncompliance can cost you.
Posted: Dec 04, 2024
Manhattan District Attorney Alvin Bragg, Jr. announced the indictment of officers of Inter-Insurance Agency Services Ltd. and the firm for their roles in an eight-year scheme in which they allegedly provided more than $250 million in coverage to clie...
Posted: Dec 04, 2024
Mexico’s state-run oil company, facing heightened scrutiny over a string of deadly accidents at its facilities, set an ambitious goal early this year: No more fatalities. Just weeks after announcing that target, an explosion at a Petroleos Mexi...
Posted: Dec 04, 2024
Hymans Robertson has reported that the total value of buy-in and buy-out deals completed in the third quarter of 2024 reached nearly £20 billion, marking the highest volume ever recorded for this period in any calendar year. This record quarter fo...
Posted: Dec 04, 2024
Mattel was sued on Tuesday by a South Carolina mother for mistakenly putting a link to a pornographic website on packaging for dolls tied to the blockbuster movie “Wicked.” In a proposed class action filed in federal court in Los …
Posted: Dec 04, 2024
Zurich Resilience Solutions (ZRS), the commercial risk advisory unit of Zurich Insurance Group, has partnered with GoImpact Capital Partners, a sustainability-focused organisation, to assist businesses in the Asia Pacific region in navigating the...
Posted: Dec 04, 2024
According to Morningstar DBRS, an independent provider of credit ratings and financial analysis, the Italian insurance sector is on track to sustain its strong performance into 2025. Key drivers include a significant recovery in life insurance pre...
Posted: Dec 04, 2024
The Fortegra Group Inc., the Jacksonville, Florida-based specialty insurer and subsidiary of Tiptree Inc., announced it has received regulatory approval to launch a UK subsidiary, called Fortegra Insurance Company UK. The Prudential Regulation Author...
Posted: Dec 04, 2024
The Prudential Regulation Authority (PRA) has granted Fortegra, a global specialty insurer and subsidiary of Tiptree, approval to establish Fortegra Insurance Company UK, its new subsidiary in the United Kingdom. Fortegra has established a strong...
Posted: Dec 04, 2024
Australian insurer QBE has announced the appointment of Claire Lill as Portfolio Manager to lead and strengthen the firm’s US Casualty offering. Lill brings to her new role over three decades of London Market Casualty experience and is joining QBE...
Posted: Dec 04, 2024
After overseeing the merger of RISCS with Cutts-Watson Consulting (RISCS CWC) and serving as Chair for two years, Malcolm Cutts-Watson is stepping down at the end of December to retire following an illustrious five-decade career. Malcolm Cutts-Wat...
Posted: Dec 04, 2024
Italian insurer Generali has reached an agreement for the sale of its 100% stake in Generali Life Assurance Philippines, Inc. to The Insular Life Assurance Company, Ltd. According to Generali, the agreement is aligned with its strategic plan to dr...
Posted: Dec 04, 2024
Enact Mortgage Insurance Corporation, the flagship legal entity of mortgage insurer Enact Holdings, Inc., has entered into two quota share reinsurance agreements with a broad panel of highly rated reinsurers, subject to certain conditions. Under t...
Posted: Dec 04, 2024
State-by-state variations of laws, compliance protocols, industry transparency, and general regulatory culture can lend one the impression that keeping up with industry changes is a little bit like herding cats. So, what better way to wrangle some of...
Posted: Dec 04, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Sabrina Veau as a Senior Broker in its growing Capital Advisory team, based in London. She was most recently focused on the Strategic Advisory arm of the Capital Ad...
Posted: Dec 04, 2024
Fitch Ratings has revealed that its outlook for the European insurance sector remains ‘neutral’ for 2025, which according to the agency, reflects resilient operational and business conditions, and disciplined pricing, amid falling bond...
Posted: Dec 04, 2024
Executive Summary: With over 70% of insurers planning to deploy gen-AI tools over the next two years, AI promises much, and the keen adopters likely will be rewarded – but it’s a path that must be navigated carefully, keeping a …
Posted: Dec 04, 2024
According to analysts at international insurance law firm, DAC Beachcroft, proposals to develop a UK captive market are expected to progress further in 2025. Analysts noted that the new UK Labour government has signalled that it could be receptive...
Posted: Dec 04, 2024
Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Andrew Hopper as Head of Financial Institutions, UK, and the promotion of Chris Nixon to Underwriting Manager, Executive & Professional Lines, UK. Nixon will be tak...
Posted: Dec 04, 2024
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Posted: Dec 04, 2024
Worldlink Specialty, LLC, a provider of specialised insurance products for the aviation and aerospace industry, has revealed its new digital portal, offering easy access to its exclusive range of aviation insurance solutions. Brokers and their avi...
Posted: Dec 04, 2024
Tokio Marine Kiln (TMK) has announced the appointment of Georgina Furness-Smith as Cyber Underwriter in APAC, a Singapore-based role. She will take up her role on 2 January. Furness-Smith is a cyber insurance specialist with over five years of und...
Posted: Dec 04, 2024
Investment firm Sixth Street, the principal shareholder of Lifetri, and financial provider Achmea, have established a pension and life insurance joint venture in the Netherlands. According to the announcement, this move will see Lifetri, with a ba...
Posted: Dec 04, 2024
The owners of Inigo Ltd. are exploring options for the British specialist insurance group including a potential sale, according to people familiar with the matter. The shareholders, which include buyout firm JC Flowers & Co. and Qatar Investment...
Posted: Dec 04, 2024
A senior U.S. official who is among those working to evict alleged Chinese hackers from American telecom companies has a word of advice for his fellow Americans: Use encryption. During a call with reporters on Tuesday, Cybersecurity and Infrastructur...
Posted: Dec 04, 2024
The Federal Trade Commission said it has issued an order prohibiting data brokers Mobilewalla and Gravy Analytics from selling consumer data without consent—including location information related to visits to healthcare facilities, places of worship,...
Posted: Dec 04, 2024
A new report on emerging risks affecting wealthy households — those with assets of $500,000 to $5 million — highlights climate change, theft of collectibles and cybersecurity as top concerns. Chubb’s new “2024 Wealth Report: Cultivating R...
Posted: Dec 04, 2024
Despite continued uncertainty over the future of federal tax rules on micro-captive insurance companies, the instruments seem to be increasingly popular for small businesses, especially in Florida, where rates for traditional commercial insurance hav...
Posted: Dec 04, 2024