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Progressive introduces Accident Response to customers nationwide

coverager

The feature can be enabled through the Progressive app.

Posted: Nov 19, 2024

Insurance Ranks in the Top 5 Most Affected Industries When it Comes to Identity Fraud

Carrier Management

Insurance Ranks in the Top 5 Most Affected Industries When it Comes to Identity Fr...

Posted: Nov 19, 2024

More Logging Proposed to Curb Wildfires in the Pacific Northwest

Carrier Management

More Logging Proposed to Curb Wildfires in the Pacific Northwest U.S. officials would allow increased l...

Posted: Nov 19, 2024

Florida Home Sales Decline Amid Hurricane Recovery, Surging HOA and Insurance Costs

Carrier Management

Florida Home Sales Decline Amid Hurricane Recovery, Surging HOA and Ins...

Posted: Nov 19, 2024

TWIA Board Reviews 2025 Budget After $455 Million Loss from Hurricane Beryl

Insurance Journal

The Texas Windstorm Insurance Association Board of Directors met last week to review information related to the agency’s 2025 budget. The meeting presented new information on TWIA losses from 2024 storms as projected policy growth in the coming...

Posted: Nov 19, 2024

People Moves: Great American Insurance Group Promotes Gambrell to Divisional President, Excess Liabi...

Insurance Journal

Great American Insurance Group, headquartered in Cincinnati, promoted Todd D. Gambrell to divisional president, excess liability, effective Jan.1, 2025. Gambrell will succeed John V. Bracca, who will retire in January after more than 30 years of serv...

Posted: Nov 19, 2024

Texas Medical Center Settles Racial Hiring Discrimination Case

Insurance Journal

The U.S. Department of Labor and the University of Texas Southwestern Medical Center have entered into a conciliation agreement in which the federal contractor will pay $900,000 in back wages and interest to resolve alleged systemic racial hiring aff...

Posted: Nov 19, 2024

Hydrogen Wildcatters Are Betting Big on Kansas to Strike It Rich

Insurance Journal

A new Gold Rush is taking shape on a quiet stretch of Kansas prairie. There, a clutch of startups backed by the likes of Bill Gates are searching below the surface for naturally occurring hydrogen, a fuel that can generate …

Posted: Nov 19, 2024

Bankruptcy Judge Approves Rockville Centre Diocese $320M Sex Abuse Claims Fund

Insurance Journal

A federal bankruptcy judge has approved a Chapter 11 plan for the Roman Catholic Diocese of Rockville Centre, New York that includes a $320 million fund to compensate victims of clergy sexual abuse and settles insurance issues. Judge Martin Glenn &#8...

Posted: Nov 19, 2024

One80 expands reinsurance offering with MGU Waypoint acquisition

Reinsurance News

Specialty insurance broker One80 Intermediaries has acquired Waypoint Underwriting Management, LLC., a specialty reinsurance Managing General Underwriter (MGU) operating primarily in the United States. Terms of the deal were not disclosed. Jason D...

Posted: Nov 19, 2024

Hokodo to use Munich Re’s Talaria to expand its geographical footprint

Reinsurance News

Hokodo, a digital trade credit provider, has announced that it will use Talaria, the digital trade finance platform of Munich Re, to expand its reach into new European markets. By leveraging Talaria’s credit underwriting algorithms and financing c...

Posted: Nov 19, 2024

Biden Requests $98.6 Billion in Emergency Disaster Aid Funds

Insurance Journal

President Joe Biden’s administration is seeking $98.6 billion in emergency disaster relief funding from Congress to address the devastation from recent back-to-back hurricanes that hammered the US southeast and left billions in damage. The pres...

Posted: Nov 19, 2024

Ford Faces Two Recall Probes as Carmaker Combats Quality Woes

Insurance Journal

US auto safety regulators are probing two recent recalls by Ford Motor Co. as the carmaker struggles to contain quality lapses in its vehicles. The National Highway Traffic Safety Administration is investigating an April recall of more than 450,000 B...

Posted: Nov 19, 2024

Insurers call on Canada’s federal government to move forward with national flood insurance program:...

Reinsurance News

October storms in Southern British Columbia, Canada, resulted in over $110 million in insured damages, as per initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). In response to these escalating costs, insurers urge the fede...

Posted: Nov 19, 2024

Trump Team Is Seeking to Ease US Rules for Self-Driving Cars

Insurance Journal

Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for self-driving vehicles one of the Transportation Department’s priorities, according to people familiar with the matter....

Posted: Nov 19, 2024

From Trust to Technology: The Tipping Point for Insurance Customers

Insurance Thought Leadership

From Trust to Technology: The Tipping Point for Insurance Customers From Our Partners sradomski

Posted: Nov 19, 2024

InsuranceDekho bolsters its leadership team with senior appointments

Reinsurance News

India-domiciled insurtech InsuranceDekho has bolstered its senior leadership team with the appointments of Navneet Bhatt as Chief Business Officer, Vivek Aggarwal as Head of Finance (Vice President), and the promotion of Aman Batra to Chief Strate...

Posted: Nov 19, 2024

Senate Panel to Hold Hearing on Suspected Chinese Hacking Incidents

Insurance Journal

A U.S. Senate Judiciary subcommittee overseeing technology issues will hold a hearing Tuesday on Chinese hacking incidents, including a recent incident involving American telecom companies. The hearing to be chaired by Senator Richard Blumenthal will...

Posted: Nov 19, 2024

Insurance Industry Forecasts Strong Growth and Hiring In Next 12 Months

Risk & Insurance

Insurance industry poised for growth as 79% expect revenue increases and half plan workforce expansion in the coming 12 months, according to report by Jacobson Group and Aon. The post

Posted: Nov 19, 2024

Delos appoints Gloria Hendrickson as Head of Reinsurance

Reinsurance News

Delos Insurance Solutions, a property insurance MGA, has announced the appointment of Gloria Hendrickson as its new Head of Reinsurance. In her new role, Hendrickson will focus on securing reinsurance capacity for new programs and strengthening re...

Posted: Nov 19, 2024

Guy Carpenter to Acquire Athens-Based Reinsurance Broker Carpenter Turner

Insurance Journal

Guy Carpenter, the reinsurance specialist and a business of Marsh McLennan, announced it has entered into an agreement to acquire the remaining 51.5% of shares of Carpenter Turner, an Athens-based regional leader in the reinsurance broking and adviso...

Posted: Nov 19, 2024

FCA Says Ex-Barclays CEO Staley Misled it Over Epstein Contacts During Probe

Insurance Journal

Ex-Barclays CEO Jes Staley gave misleading answers to Britain’s Financial Conduct Authority about his dealings with Jeffrey Epstein when it was investigating his relationship with the disgraced financier, the FCA’s lawyers alleged on Mond...

Posted: Nov 19, 2024

MS Amlin reports HY’24 profit of £87m as CoR improves to 84.5%

Reinsurance News

In its half-year 2024 results, Lloyd’s global re/insurer MS Amlin has reported a profit after tax of £87 million an increase of £83 million from the same period last year amid improved investment returns and lower discounting volatility through ef...

Posted: Nov 19, 2024

Howden acquires Storfield Insurance Consultants

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The acquisition strengthens Howden’s presence in Hong Kong.

Posted: Nov 19, 2024

HUB International acquires R.K. Gore & Associates

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R.K. Gore & Associates is based in Utah.

Posted: Nov 19, 2024

GM Insurance launches in three new states

coverager

Home Factors can provides insights regarding the type of piping, status of electrical systems, and type of flooring.

Posted: Nov 19, 2024

Bermuda plays key role in reinsurance innovation and collaboration: PwC’s Wightman

Reinsurance News

The recent PwC Insurance Summit in Bermuda highlighted the island’s key role in driving reinsurance innovation, growth, and resilience in addressing global challenges such as climate change. Arthur Wightman, PwC Territory Leader, opened the summit...

Posted: Nov 19, 2024

U.S. Product Recalls on Pace to Hit 6-Year High

Carrier Management

U.S. Product Recalls on Pace to Hit 6-Year High If the pace of produc...

Posted: Nov 19, 2024

AM Best Assigns Ratings to New York Healthcare Workers’ Compensation Carrier

Insurance Journal

AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) to Standard and Preferred Insurance Co. of Kew Gardens, New York. The outlook assigned to these ratings is stable. A...

Posted: Nov 19, 2024

Philadelphia Eagles Seek to Extend Covid-19 Business Insurance Bid Into Overtime

Insurance Journal

The Philadelphia Eagles football organization wants to force its case for Covid-19 business interruption insurance against insurer Factory Mutual Insurance Co. into overtime, arguing that its case is unlike any other that already has been decided. Th...

Posted: Nov 19, 2024

Davies continues North American expansion with Barker Claim acquisition

Reinsurance News

Davies, a specialist professional services and technology business serving the insurance market, has acquired North Carolina-based independent loss adjusting firm Budget Claims Services. With headquarters in Greensboro, Barker Claim Services provi...

Posted: Nov 19, 2024

13 Questions on Workers’ Comp Best Practices for Enlyte’s Tammy Bradly

Risk & Insurance

Enlyte's Tammy Bradly spoke to Risk & Insurance about workers' comp best practices at National Comp. The post 13 Questions on...

Posted: Nov 19, 2024

PPL launches new underwriter dashboard to enhance workflows

Reinsurance News

Placing Platform Limited (PPL) has introduced its new underwriter dashboard to help users manage high volumes of business activity on the platform. Functioning like a worklist, the updated dashboard structure and user interface will help underwrit...

Posted: Nov 19, 2024