All Posts

Best Agency to Work For – East Gold Winner: Mackoul Risk Solutions

Insurance Journal

Instead of becoming a major league umpire, Ed Mackoul chose to help his father build an insurance empire. Ed wasn’t sure how his life would turn out before joining Mackoul & Associates in 1995. College didn’t give him an answer. &#823...

Posted: Nov 25, 2024

Swiss Re’s Xabier Gallardo joins WTW’s Natural Resources, CRB NA team

Reinsurance News

Global insurance brokerage WTW has announced the appointment of Xabier Gallardo as Senior Director of Client Relationship Management within the Natural Resources division of Corporate Risk and Broking, North America (CRB NA). In this role, Gallard...

Posted: Nov 25, 2024

Chinese Hackers Preparing for Conflict, Says US Cyber Official

Insurance Journal

Chinese hackers are positioning themselves in U.S. critical infrastructure in the event of a clash with the United States, a top American cybersecurity official said on Friday. Morgan Adamski, the executive director of U.S. Cyber Command, said ongoin...

Posted: Nov 25, 2024

Canadian life insurance new premium climbs to CAD 478m in Q3: LIMRA

Reinsurance News

Total Canadian life insurance new annualised premium jumped 4% to (CAD) $478 million in the third quarter of 2024, according to LIMRA’s Retail Canadian Life Insurance Sales Survey. During Q3’24, policy count dropped 17%, which was largely du...

Posted: Nov 25, 2024

Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Softening

Carrier Management

Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Sof...

Posted: Nov 25, 2024

Florida Citizens’ Brass Tired of ‘Clickbait’ News on Its Hurricane Claims Denials

Carrier Management

Florida Citizens’ Brass Tired of ‘Clickbait’ News on Its Hurricane Claims Denials Officials with Florida's...

Posted: Nov 25, 2024

Conversations at PLUS. Nine questions for Jeff Kulikowski of Westfield Specialty

Risk & Insurance

At the PLUS Conference in Chicago, Jeff Kulikowski of Westfield Specialty shared some of his thoughts on wholesale distribution and professional lines coverage. The post

Posted: Nov 25, 2024

UK Expands Sanctions Against Russian Oil Fleet and Its Insurers

Insurance Journal

The UK government expanded its sanctions against Russia’s energy industry on Monday, blacklisting dozens of tankers responsible for moving the nation’s oil as well as two insurers involved in the trade. The measures ban any cooperation wi...

Posted: Nov 25, 2024

Von Mesterhazy named as new MD for Allianz UK Specialty business

Reinsurance News

Allianz UK has announced the appointment of Isabella Von Mesterhazy as Managing Director for its Specialty business, effective 1 December 2024, subject to regulatory approval. Von Mesterhazy will be taking over the role from Kieran O’Keeffe, incum...

Posted: Nov 25, 2024

Contentious COP29 Deal Shows Climate Cooperation Fraying at Edges

Insurance Journal

When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday morning, hoping to clinch a hard-fought agreement on global climate finance, he carried with him two speeches. One was crafted &#82...

Posted: Nov 25, 2024

US insurers to benefit from Nearmap peril models following approval in 27 jurisdictions

Reinsurance News

Nearmap, a provider of property intelligence to insurers, has received regulatory approval for its predictive AI-powered peril models and scores to be adopted for rating and pricing in 26 states, plus Washington, D.C. The AI models developed by Ne...

Posted: Nov 25, 2024

Reinsurers can differentiate themselves beyond price competition: Aon’s Attard

Reinsurance News

Reinsurers are poised to leverage a disciplined market and differentiate themselves by actively assisting insurers in managing risks and pursuing growth, moving beyond price competition, Aon’s George Attard shared in his comments following the Sin...

Posted: Nov 25, 2024

Howden Re appoints Aon’s Thomas Kroely as Managing Director, Continental Europe

Reinsurance News

Howden Re, the reinsurance arm of Howden, has announced the appointment of Thomas Kroely as Managing Director, Continental Europe. In his new role, Kroely will initially focus on supporting Howden Re’s European expansion, with plans to build...

Posted: Nov 25, 2024

M&G completes ‘first of its kind’ Value Share BPA transaction

Reinsurance News

M&G has launched a Value Share Bulk Purchase Annuity (BPA) proposition by completing a £500 million transaction with a private Corporate Sponsor and its UK Pension Scheme, insuring around 3,200 pensioner and deferred members. This newly launch...

Posted: Nov 25, 2024

At National Comp 2024 with Sompo’s Melissa Hill

Risk & Insurance

Melissa Hill, SVP and head of workers' compensations claims, North America for Sompo International, talks the evolving role of artificial intelligence in claims management. The post

Posted: Nov 25, 2024

Cyber-attacks cost UK businesses £44bn in last five years: Howden

Reinsurance News

Half (52%) of UK businesses, representing 1.3 million private sector companies, have endured at least one cyber-attack in the past five years, equating to £44 billion of lost revenue, according to Howden, the international insurance intermediary g...

Posted: Nov 25, 2024

Gallagher expands marine P&I team with key appointments

Reinsurance News

Insurance and reinsurance broking group Gallagher has expanded its marine P&I team with several key appointments. James Giles has been named Divisional Director. In his new role, he will be seconded to Gallagher Singapore, where he will work w...

Posted: Nov 25, 2024

MARYLAND NOMINEE NAMED 2024 NATIONAL OUTSTANDING CSR OF THE YEAR

Insurance Journal

Danielle Webber, CISR Elite, Client Manager for Maury, Donnelly & Parr in Cockeysville, Maryland, has been awarded the most prestigious honor available to insurance customer service representatives: National Outstanding CSR of the Year. The Socie...

Posted: Nov 25, 2024

Loss and Damage Fund to begin financing projects in 2025: COP29 Presidency

Reinsurance News

The COP29 Presidency of Azerbaijan has succeeded in getting the Fund for Loss and Damage up and running and ready to distribute money in 2025. The establishment of the Loss and Damage Fund was first agreed upon during COP27 in Egypt, aiming to pro...

Posted: Nov 25, 2024

AI’s role in tackling inefficiencies in insurance data processing: Root Automation

Reinsurance News

Roots Automation’s recent whitepaper highlights how artificial intelligence (AI) can help insurers address the costly inefficiencies of processing unstructured data, ultimately improving underwriting and claims operations. The whitepaper underscor...

Posted: Nov 25, 2024

Insurance consultants Lignum Risk Partners contribute to UK’s first commercial timber guidebook

Reinsurance News

A collaboration between insurers, property developers, and technical experts has led to the launch of the UK’s first Commercial Timber Guidebook, which aims to promote the use of structural timber in office construction. The project is spear...

Posted: Nov 25, 2024

Politics and policy dominates Swiss Re’s macro outlook for 2025

Reinsurance News

Swiss Re’s November 2024 Macro Outlook highlights the dominance of politics and policy, with key developments including its revision to US inflation and interest rate forecasts due to President-elect Trump’s victory, increased UK polic...

Posted: Nov 25, 2024

Class Action Lawsuit on AI-Related Discrimination Reaches Final Settlement

Insurance Journal

Mary Louis’ excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her tenancy. That third-party servi...

Posted: Nov 25, 2024

Hyundai Issues Recalls of Electric Cars for Loss of Power, SUVs Over Wiring Issue

Insurance Journal

South Korean carmaker Hyundai Motor is recalling about 145,235 electrified vehicles in the United States due to a loss of drive power, the National Highway Traffic Safety Administration said on Friday. The recall includes certain IONIQ 5 and IONIQ 6...

Posted: Nov 25, 2024

Nissan Persuades Appeals Court to Decertify Brake Defect Class Actions

Insurance Journal

Nissan persuaded a federal appeals court on Friday to decertify 10 class actions accusing the Japanese automaker of selling cars and SUVs with defective automatic emergency braking systems that caused vehicles to stop suddenly for no reason. The 6th...

Posted: Nov 25, 2024

SEC’s Penalties, Relief Hit All-Time Record of $8.2 Billion

Insurance Journal

The US Securities and Exchange Commission’s fines and investor relief hit an all-time record in fiscal 2024. The agency’s enforcement actions led to $8.2 billion in penalties and reimbursement to investors, though the number of cases decl...

Posted: Nov 25, 2024

My Safe Florida Condo Program Runs Out of Funding in One Week

Insurance Journal

Just a week after a pilot program for strengthening Florida condominiums was launched it reached maximum capacity and is no longer accepting applications. The overwhelming response could underscore the need for wind mitigation and could set the stage...

Posted: Nov 25, 2024

Suit Claiming Racial, Income Bias in Rental Algorithm Settled for $2.2 Million

Insurance Journal

Mary Louis’ excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her tenancy. That third-party servi...

Posted: Nov 25, 2024

Starr joins Octaviant Financial and Marsh as lead carrier on drug warranty platform

Reinsurance News

Octaviant Financial has announced that Starr Insurance will join its partnership with Marsh to offer drug warranty services that enable pharmaceutical companies to guarantee the effectiveness of high-cost therapies. Through this partnership, Octav...

Posted: Nov 25, 2024

People Moves: Hendrickson Appointed Head of Reinsurance for Delos

Insurance Journal

Delos Insurance Solutions named Gloria Hendrickson as its new head of reinsurance. Hendrickson has a catastrophe modeling and risk background and was most recently chief operating officer and chief underwriting officer at NormanMax Insurance Holdings...

Posted: Nov 25, 2024

Trucking Firm Owner Sentenced Over Crash That Killed 7 Bikers

Insurance Journal

The owner of a trucking company was sentenced Thursday to two months in prison followed by one year of supervised release for lying to investigators after one of his trucks was accused of causing a crash that killed seven motorcyclists …

Posted: Nov 25, 2024

Why Nonprofit Clients Need D&O Coverage

IA Magazine

Nonprofit organizations face many of the same legal exposures as for-profit organizations, including conflicts of interest, breach of fiduciary duty and theft.

Posted: Nov 24, 2024

Mitigating and Managing Workers Comp Claims

IA Magazine

Insurance agents play a key role in helping their clients prevent injuries, reduce claims, protect the health of their employees and safeguard the financial health of their businesses.

Posted: Nov 24, 2024

Innovate With Generative AI: Secure and Smart Strategies

IA Magazine

Understand the benefits of generative artificial intelligence (AI) and the proactive measures insurance agents take to manage risks effectively.

Posted: Nov 24, 2024

Earnix Survey: Insurers Embrace AI But Face Legacy Technology Hurdles

IIR

Earnix’s new trends survey reveals the insurance industry’s push for modernization amid regulatory changes.

Posted: Nov 24, 2024

Unprofitable Insurance—Tail Effect Hits Auto Lines

IIR

Carriers must balance profitability with growth and market share capture strategies, but thus far, there are no signs of such a reversal—and the tail effect is just beginning to unfold.

Posted: Nov 24, 2024

6 Ways to Modernize Mobile Apps for Policyholders

Insurance Thought Leadership

6 Ways to Modernize Mobile Apps for Policyholders Customer Experience

Posted: Nov 22, 2024