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Insurance Business Magazine - US
Posted: Nov 22, 2024
Insurance Business Magazine - US
Posted: Nov 22, 2024
Thanksgiving Travel Expected to Exceed Pre-Pandemic Levels: AAA A projected 79.9 million...
Posted: Nov 22, 2024
One Meter Sea Level Rise by 2100 Could Affect Over 14M People, $1T Wort...
Posted: Nov 22, 2024
Even amid political goings on, there are more important things we all should be concerned with Passion drives businesses and the entrepreneurs that start them. That, unquestionably, is where their focus should be—on what they are passionate about. B...
Posted: Nov 22, 2024
The US Supreme Court dismissed an appeal by Meta Platforms Inc., leaving it to face a lawsuit that accuses the company of misleading shareholders about the data-harvesting scandal involving political consulting firm Cambridge Analytica. Investors cla...
Posted: Nov 22, 2024
Aqueous Underwriting, the London-based MGA, has secured major new capacity in a three-year deal with A+ rated insurers Allied World and Sompo. The move to a syndicated capacity arrangement provides the MGA with the opportunity to significantly develo...
Posted: Nov 22, 2024
Nearly one in seven (13.7%) US home hunters say a concern for natural disasters or climate risks within their area is a reason they are likely to move in the next year, according to a new report from Redfin, the technology-powered real estate brok...
Posted: Nov 22, 2024
Before joining Mutual, Schmitz was Legal Counsel at Hudl.
Posted: Nov 22, 2024
ExamOne supports the life insurance industry with risk assessment solutions.
Posted: Nov 22, 2024
This edition of International People Moves details appointments at Markel and Generali Global Corporate & Commercial. A summary of these new hires follows. Markel Taps AEGIS London’s Pressman as Senior Underwriter, Marine Cargo Markel, the...
Posted: Nov 22, 2024
Pending arbitration claims against liquefied natural gas exporter Venture Global LNG Inc. from several of its customers have grown to nearly $6 billion, according to a bond document seen by Bloomberg. Claims in cases by eight separate companies, incl...
Posted: Nov 22, 2024
North Dakota Insurance Commissioner Jon Godfread will serve as the president of the National Association of Insurance Commissioners (NAIC) for 2025 after serving as president-elect in 2024. As NAIC president, Godfread will lead the chief insurance re...
Posted: Nov 22, 2024
World Insurance Associates LLC announced that it acquired the business of First International Insurance (“FI Insurance”) -a division of First International Bank & Trust of Watford City, North Dakota on October 1, 2024. Terms of the tr...
Posted: Nov 22, 2024
Texas Attorney General Ken Paxton has filed another lawsuit to prevent decriminalizing marijuana-related offenses, this time against the city of Dallas. Paxton has previously sued the cities of San Marcos, Austin, Killeen, Elgin and Denton over simil...
Posted: Nov 22, 2024
A month after wildfires ravaged Maui in August 2023, Gov. Josh Green issued an emergency proclamation to postpone the adoption of any new building codes that might exacerbate a housing shortage that had just gotten worse. The governor’s office...
Posted: Nov 22, 2024
Weiss Ratings, a Palm Beach Gardens financial ratings firm, sparked some outrage from the Florida insurance industry in recent weeks after it released reports contending that some of Florida’s largest property insurers were closing almost half...
Posted: Nov 22, 2024
The 2024-2026 outlook for reinsurers’ earnings looks positive following the robust operating results seen in 2023 where reinsurers achieved their highest profits in years, S&P analysts stated in a recent report. Growth in 2023 was fueled by de...
Posted: Nov 22, 2024
California City to Pay Nearly $1M to K-9 Dog Bite Victim A Northern California city has agreed to pay nearly $...
Posted: Nov 22, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, is providing $30 million in insurance to the Bahamas conservation debt swap, which aims to unlock $124 million for ocean protection. In a bold move to...
Posted: Nov 22, 2024
Insurance Business Magazine - US
Posted: Nov 22, 2024
Insurance Business Magazine - US
Posted: Nov 22, 2024
Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk over the past several years in response to elevated claims, according to Swiss Re’s sigma. “Premium rates are now mod...
Posted: Nov 22, 2024
Legal & General has completed a record $2.2 billion in Pension Risk Transfer (PRT) business in the US in 2024, marking its largest year in the market to date. Having entered the US PRT market nine years ago, Legal & General completed its f...
Posted: Nov 22, 2024
NeighborShare expands to Boston, partnering with six new local nonprofits.
Posted: Nov 22, 2024
Gunmaker Sig Sauer Inc. was ordered by a Pennsylvania jury to pay $11 million to a customer who alleged defects in one of the company’s pistols led it to go off without him pulling the trigger. Jurors in state court …
Posted: Nov 22, 2024
Ratings agency AM Best maintains a positive market segment outlook for the delegated underwriting authority enterprise (DUAE) segment, driven by sustained growth and niche expertise, despite potential challenges arising from capacity issues and ra...
Posted: Nov 22, 2024
Brazilian reinsurer Austral Re has achieved steady growth since launching its strategic plan for Guarantee Insurance in Latin America (LatAm) two years ago, with subscribed premiums reaching R$ 100 million by September and an expected R$ 110 milli...
Posted: Nov 22, 2024
Cyber attacks against Nordic banks, likely perpetrated by Russia-linked hackers, pose the biggest threat to financial stability in the region, a top Danish central bank official said. Financial institutions should be prepared for an “arms race&...
Posted: Nov 22, 2024
Itasca MGA Limited, an aviation-focused managing general agent formed by Castlelake and Pine Walk Capital, a subsidiary of The Fidelis Partnership, announced its insurance support for Elevate Capital Partners in securing a financing solution for t...
Posted: Nov 22, 2024
Sweden’s Navy completed a survey of the seabed near one of the damaged data cables in the Baltic Sea as the Nordic country investigates potential sabotage against the underwater infrastructure. A high-speed fiber optic cable connecting Finland...
Posted: Nov 22, 2024
At National Comp 2024, Risk & Insurance spoke with Joe Berardo Jr., CEO of Carisk Partners, on the eighth anniversary of his company's founding. The post
Posted: Nov 22, 2024
Hanwha Life, a South Korean life insurance company, has agreed to acquire a 75% stake in the parent of Velocity Clearing, an US-based global financial services firm. The Velocity Clearing management team will retain the remaining minority stake in...
Posted: Nov 22, 2024
The overall ability of insurance to offset financial risks stemming from catastrophic events, including climate-related events, is relevant to the creditworthiness of issuers and debt instruments outside of the insurance sector, according to S&...
Posted: Nov 22, 2024
Oceanview Reinsurance Ltd., the Bermuda-domiciled reinsurance subsidiary of Oceanview Holdings Ltd., has promoted Stelian Dragan to the newly created role of President and Chief Executive Officer (CEO) of its Bermuda operations, effective immediat...
Posted: Nov 22, 2024
Fitch Ratings has stated that the recently proposed capital surcharges by the European Insurance and Occupational Pensions Authority (EIOPA) on fossil fuel-related assets will not impact the ratings of European insurers. These surcharges are unlik...
Posted: Nov 22, 2024
Posted: Nov 22, 2024
Posted: Nov 22, 2024
CFC, an insurance provider specialising in cyber risk, has announced the launch of a new office in Amsterdam as part of its ongoing expansion in Europe. This new office will focus on strengthening CFC’s transaction liability offering for brokers a...
Posted: Nov 22, 2024