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Bank of Japan Governor Kazuo Ueda said on Thursday central banks must be mindful that technological advances, such as in the area of artificial intelligence (AI), could bring new risks to financial stability. “As financial services grow more di...
Posted: Nov 21, 2024
Global professional services firm Aon has appointed Magnus Roe as its Global Chief Data and Analytics officer, supporting the firm’s strategy to enhance commercial solutions through advanced analytical capabilities. Based in Singapore, Aon’s globa...
Posted: Nov 21, 2024
Reinsurance Group of America (RGA) and John Hancock, a subsidiary of Manulife Financial Corporation (Manulife), have entered into a $5.4 billion coinsurance transaction, including $2.4 billion of long-term care (LTC) reserves. The transaction incl...
Posted: Nov 21, 2024
Zurich Insurance Group AG set new targets for profitability and profit growth for the next three years, after a better-than-expected market environment put it on track to exceed its existing guidance a year ahead of plan. The insurer pledged to ̷...
Posted: Nov 21, 2024
Latin American insurance growth is projected to decelerate in 2025, with total insurance premiums in the region expected to grow 3.8% in real terms, down from an estimated 7.6% in 2024, according to a new report from Swiss Re Institute. The firm...
Posted: Nov 21, 2024
Commercial Lines Profit Growth: Executi...
Posted: Nov 21, 2024
Posted: Nov 21, 2024
Posted: Nov 21, 2024
Assurex Global, a privately held commercial insurance, risk management, and employee benefits brokerage group, has announced the election of Kristy Furrer as Chairwoman of its Board of Directors. Furrer, who is Senior Vice President at Woodruff Sa...
Posted: Nov 21, 2024
Coalition, an active insurance provider aimed at preventing digital risks before they occur, has released its 2024 Cyber Claims Report: Mid-Year Update, which highlights new trends in cyber threats and their effects on Coalition policyholders in t...
Posted: Nov 21, 2024
CFC, an insurance provider specialising in cyber risk, has expanded its rapidly growing transaction liability team by appointing Janine Fenwick as Transaction Liability Practice Leader, Asia Pacific (APAC). Based in Melbourne, Fenwick will provide...
Posted: Nov 21, 2024
General Mills Inc. is planning to engage federal officials over potential restrictions on food dyes that it uses in some of its cereals, as Robert F. Kennedy Jr., the nominee to run the Department of Health and Human Services, calls …
Posted: Nov 21, 2024
As the costs of nuclear and thermonuclear verdicts explode in the U.S., organizations are examining ways to predict, prevent and avoid the liabilities that light the fuse on multi-million-dollar court cases. Areas critical to watch include pharma cla...
Posted: Nov 21, 2024
The 22 acquirers that make up the Sica Fletcher Index were involved in 142 agent-broker deals in the third quarter to match the amount of deal from the same quarter last year. Members completed 385 acquisitions for the year as …
Posted: Nov 21, 2024
The five U.S. metropolitan areas with the biggest drop in home sales are all in Florida, the result of a perfect storm of rising insurance costs, homeowner association fees and repeat storms, a home sales tracking service reported Wednesday. Redfin,...
Posted: Nov 21, 2024
A recent report by AM Best maintains its estimate of ultimate net asbestos losses at $100 billion and environmental losses at $46 billion, based on year-end 2023 data. AM Best observed that while incurred losses rose slightly in 2023, paid losses...
Posted: Nov 21, 2024
KBRA downgraded the insurance financial strength ratings (IFSR) of Oregon Mutual Insurance Co. and its wholly owned subsidiary, Western Protectors Insurance Co. to BBB+ from A-. The outlooks for both ratings remain negative. The downgrades reflect th...
Posted: Nov 21, 2024
KBRA downgraded the insurance financial strength ratings (IFSR) of Oregon Mutual Insurance Co. and its wholly owned subsidiary, Western Protectors Insurance Co. to BBB+ from A-. The outlooks for both ratings remain negative. The downgrades reflect th...
Posted: Nov 21, 2024
CompScience hired Jeremy Silver as senior vice president of client service and success. Silver has decades of experience scaling customer success, services and support teams. He is currently a founding limited partner at Success Venture Partners, and...
Posted: Nov 21, 2024
A California assisted living facility for seniors was fined more than $137,000 after an investigation by the U.S. Department of Labor’s Wage and Hour Division reportedly found the facility failed to properly account and pay for all overtime hou...
Posted: Nov 21, 2024
Challenging market conditions are driving insureds to captives. Vermont offers a reliable domicile. The post Vermont’s Future Is Golden appeared first on...
Posted: Nov 21, 2024
This post is part of a series sponsored by Darkhorse Insurance. Ever wonder how some insurance agents seem to glide through potential pitfalls without breaking a sweat? It’s not just about luck; it’s about having the right coverage. Error...
Posted: Nov 21, 2024
This post is part of a series sponsored by Selectsys. In the competitive insurance industry, Wholesalers, MGAs, and Brokers are always seeking ways to streamline operations, integrate new technology with legacy systems, and provide faster, more accur...
Posted: Nov 21, 2024
The new marketplace offers insurance enterprises access to an ever-expanding library of pre-built solutions on the Neutrinos platform.
Posted: Nov 20, 2024
The transaction, which includes $2.4 billion of long-term care, validates LTC reserves and assumptions and will result in a $0.8 billion release to shareholders via share buybacks.
Posted: Nov 20, 2024
Four Big “I" members were recognized for bold approaches to solving problems, willingness to be first adopters of innovative technology and commitment to giving back.
Posted: Nov 20, 2024
If those experiencing the pain points aren’t involved in validating the proposed tech solution, a lot of time and money can be wasted.
Posted: Nov 20, 2024
New York Life has paid in excess of $1 billion in total dividends every year since 1990 and more than $50 billion in total dividends over that time.
Posted: Nov 20, 2024
With a 96% success rate and $2.5 million disbursed to 278 federal campaigns, InsurPac continues its mission to amplify the voices of independent agents by supporting candidates who champion the insurance industry.
Posted: Nov 20, 2024
IAPM is using the Clearwater Analytics Risk & Performance Solution to perform in-depth factor-based attribution and ex-ante risk analyses.
Posted: Nov 20, 2024
The collaboration will provide the seamless integration of U.S. Bank’s money movement and banking capabilities with One Inc’s ClaimsPay® and PremiumPay® solutions.
Posted: Nov 20, 2024
The solution is powered by Air Doctor.
Posted: Nov 20, 2024
Reputational risk remains one of the most fearsome risks that board members and their institutions can face. Captives may be a solid way of managing those risks. The post
Posted: Nov 20, 2024
Survey Finds Home Hunters’ Search Fueled by Climate, Crime and Safety Concerns House hunters ready to move...
Posted: Nov 20, 2024
The latest annual report quantifies the challenges, motivations, and experiences of 1,300-plus frontline claims professionals based on their firsthand survey responses. The post
Posted: Nov 20, 2024
The funding is intended to support bolttech’s market expansion, technology development, and operational flexibility.
Posted: Nov 20, 2024
Coverdash’s embedded technology enables SMBs to access instant quotes from the "nation’s most recognized carriers."
Posted: Nov 20, 2024
Citing the devastating impacts of Hurricane Helene in southwest Virginia, Governor Glenn Youngkin submitted a request to President Joseph Biden, President-elect Donald Trump and Congressional appropriators for $4.4 billion in federal support. Youngki...
Posted: Nov 20, 2024