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New York High Court Upholds Uber Arbitration Mandate For Previously-Filed Injury Case

Insurance Journal

In a 5-2 decision, New York State’s high court this week upheld Uber’s “clickwrap” agreement requiring arbitration of all disputes in a case of a passenger who was injured by another vehicle after exiting an Uber car. The woma...

Posted: Nov 26, 2024

Nissan Persuades U.S. Court to Decertify Brake Defect Class Actions

Carrier Management

Nissan Persuades U.S. Court to Decertify Brake Defect Class Actions Nissan persuaded a federal appeal...

Posted: Nov 26, 2024

Ohio Man Sentenced in $229K Insurance Fraud Scheme

Insurance Journal

An Ohio man was sentenced to five years in prison and ordered to pay restitution for filing 24 fraudulent claims with multiple insurance companies, totaling more than $229,000, the Ohio Department of Insurance announced. Justin Mack, a native of Buff...

Posted: Nov 26, 2024

Kansas Commissioner Schmidt to Serve as NAIC Midwest Zone Chair

Insurance Journal

Kansas Insurance Commissioner Vicki Schmidt will be serving as the Midwest Zone Chair for the National Association of Insurance Commissioners (NAIC) in 2025. Committee assignments will be announced in January of 2025. “I look forward to leading...

Posted: Nov 26, 2024

Texas Public Utility Commission Releases Report on CenterPoint Energy’s Beryl Response

Insurance Journal

When Hurricane Beryl swept through southeast Texas on July 8, its damaging 80-mile-per-hour winds took down thousands of trees and knocked out much of the electricity system. More than 2.6 million Texas power customers went without electricity for da...

Posted: Nov 26, 2024

Texas Public Utility Commission Reports on CenterPoint Energy’s Beryl Response

Insurance Journal

When Hurricane Beryl swept through southeast Texas on July 8, its damaging 80-mile-per-hour winds took down thousands of trees and knocked out much of the electricity system. More than 2.6 million Texas power customers went without electricity for da...

Posted: Nov 26, 2024

How to Better Prepare for Market-Driven Disruptions

Insurance Thought Leadership

How to Better Prepare for Market-Driven Disruptions Customer Experience

Posted: Nov 26, 2024

Walmart, World’s Biggest Retailer, Will Curb Diversity Efforts

Insurance Journal

Walmart Inc. is reversing course on diversity, equity and inclusion initiatives, joining a growing list of businesses retreating on DEI programs targeted by conservative activists. The world’s biggest retailer will no longer consider race and g...

Posted: Nov 26, 2024

Rising Star Michelle Landver Talks How Becoming a Subject Matter Expert in Retail Helped Shape Her C...

Risk & Insurance

Newfront's Michelle Landver says transparency is critical in this industry, as it builds better relationships and solidifies trust between client and insurance partner. The post

Posted: Nov 26, 2024

PartnerRe appoints Chris Shanahan as CEO of Life & Health

Reinsurance News

Bermuda-based reinsurance company PartnerRe has promoted Chris Shanahan to Chief Executive Officer (CEO) of its Life & Health operations, succeeding Marc Archambault, effective January 1st, 2025. Since September 2021, Shanahan has served as Pa...

Posted: Nov 26, 2024

Getty Realty closes $125 million private placement of senior unsecured notes

coverager

The financing helps Getty manage its upcoming debt payments and fund future investments.

Posted: Nov 26, 2024

MoneyLion secures $70 million loan facility

coverager

Progressive is a client.

Posted: Nov 26, 2024

Abacus Life closes $100 million public offering

coverager

Abacus Life is the only life settlement company that's publicly traded.

Posted: Nov 26, 2024

Hamilton Re expands Into Credit, Bond and Political Risk Reinsurance

coverager

The company has appointed Sergio Lottimore to the role of Vice President, Credit, Bond and Political Risk Reinsurance.

Posted: Nov 26, 2024

Range raises $28 million

coverager

Range offers a wealth management platform.

Posted: Nov 26, 2024

Aon to acquire insurance agency of Mitsubishi Chemical Group

coverager

The firms will continue to operate independently until the transaction is completed, which is expected in early 2025.

Posted: Nov 26, 2024

People Moves: HUB Int’l Names Mark Dutton as President for HUB Canada West; Von Mesterhazy Named Man...

Insurance Journal

This edition of International People Moves details appointments at HUB International and Allianz UK Specialty. A summary of these new hires follows here. HUB International Names Mark Dutton as President for HUB Canada West HUB International (HUB), th...

Posted: Nov 26, 2024

People Moves: HUB Int’l Names Mark Dutton of President for HUB Canada West; Von Mesterhazy Named Man...

Insurance Journal

This edition of International People Moves details appointments at HUB International and Allianz UK Specialty. A summary of these new hires follows here. HUB International Names Mark Dutton as President of HUB Canada West HUB International (HUB), the...

Posted: Nov 26, 2024

People Moves: HUB Int’l Names Dutton President of HUB Canada West; Von Mesterhazy Appointed Managing...

Insurance Journal

This edition of International People Moves details appointments at HUB International and Allianz UK Specialty. A summary of these new hires follows here. HUB International Names Mark Dutton as President of HUB Canada West HUB International (HUB), the...

Posted: Nov 26, 2024

Precision Underwriting Transforms Risk Assessment

Insurance Thought Leadership

Precision Underwriting Transforms Risk Assessment Data Analytics

Posted: Nov 26, 2024

Risk Managers with Financial Lines Exposures: Pay Attention to These Key Risks

Risk & Insurance

From the changing regulatory environment to the risks of new technologies, Westfield Specialty's Vincent Cisternino delves into the key financial risks and coverage nuances in financial lines insurance for various entity types. The post

Posted: Nov 26, 2024

Rising Star Paul Martinez Shares Insight on the Successes of Employee Benefits Brokering

Risk & Insurance

Newfront's Paul Martinez finds joy in his job as a broker when his clients find benefit in the services he provides. The post

Posted: Nov 26, 2024

AI Used for Good and Bad — Like Making Trickier Malware, Says Report

Insurance Journal

While the insurance industry is quickly adopting AI technologies to improve the speed and accuracy of routine functions, analyze data and assess risk, malicious actors use the same tech to disrupt business and profit from cyberattacks. Recognizing th...

Posted: Nov 26, 2024

Winter Storms Could Complicate Thanksgiving Travel

Carrier Management

Winter Storms Could Complicate Thanksgiving Travel Another round of wintry weather could complicate tra...

Posted: Nov 26, 2024

Abu Dhabi Re expands product suite

Reinsurance News

Abu Dhabi Reinsurance Company (ADRe), a reinsurance service provider in the Abu Dhabi Global Markets platform, has announced the expansion of its product suite to include Commercial General Liability. From what Reinsurance News understands, the ad...

Posted: Nov 26, 2024

Disney Settles Suit Over Women’s Pay for $43 Million

Insurance Journal

Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs’ lawyers said in a statement on Mon...

Posted: Nov 26, 2024

Stuart Dale joins David Martin to lead Volante Re

Reinsurance News

Stuart Dale has joined international managing general agent Volante Global to head the firm’s new Volante Re platform as CUO Treaty Reinsurance alongside David Martin. Volante Re will formally commence operations on June 1st, 2025. The company wil...

Posted: Nov 26, 2024

EU Seeks to Streamline ESG Regulations Amid Growing Backlash

Insurance Journal

The next European Commission will urgently seek to streamline the bloc’s many environmental, social and governance rules, as it responds to complaints that excessive regulations are gutting industry competitiveness. Simplification will be at th...

Posted: Nov 26, 2024

Insurer Says Pollution Exclusion Sinks Coverage for Pool Chemical Injuries

Insurance Journal

A commercial general liability policy with a pollution exclusion does not protect a Virginia homeowners association from lawsuits filed by swimmers alleging they were injured by chemicals discharged into the community pool. That is the argument made...

Posted: Nov 26, 2024

Oak Reinsurance Gets Permission From Lloyd’s to Begin Underwriting in January

Insurance Journal

Oak Reinsurance (OAK Re), the London-based reinsurance company, announced that its Lloyd’s Syndicate 2843 has received permission to begin underwriting business incepting from Jan. 1, 2025. This follows the approval in principle that was receiv...

Posted: Nov 26, 2024

Ransomware Hits Supply Chain Software Firm Blue Yonder

Insurance Journal

Blue Yonder, a provider of supply chain software to manufacturing, logistics, and retail customers said it has been working “around the clock” to address disruptions caused by a ransomware incident. Blue Yonder said it “experienced...

Posted: Nov 26, 2024

VIG’s 9M’24 GWP rises to €11.5bn

Reinsurance News

Vienna Insurance Group (VIG) has disclosed that gross written premiums (GWP) increased by 8% to €11.5 billion for 9M 2024, compared to last year’s €11.4 billion, as insurance service revenue grew more than 9% year-on-year to €9 billion. The insure...

Posted: Nov 26, 2024