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Aux Alentours by MAIF

coverager

This is part of Skyward's Healthcare Solutions unit - led by Julie Miglin.

Posted: Nov 18, 2024

E&S Market Growth: More Choices for Challenging Risks

Risk & Insurance

When standard lines insurers pull out of states or risk, it often creates a gap in the insurance market. This is where the E&S market plays a crucial role. The post

Posted: Nov 18, 2024

Workers’ Compensation System Remains Strong Despite Concerns: NCCI

Risk & Insurance

Workers' compensation enjoys strong financial health, while medical inflation remains a key industry concern. The post Workers’ C...

Posted: Nov 18, 2024

California Wildfire Destroys 243 Structures, Cancellation Moratorium Issued

Insurance Journal

California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 200,000 policyholders affected by the Mountain Fire, which has destroyed 243 structu...

Posted: Nov 18, 2024

New York Judge Rejects Climate Concerns in Effort to Shutter Bitcoin Mine

Carrier Management

New York Judge Rejects Climate Concerns in Effort to Shutter Bitcoin Mine A cryptocurrency plant in cen...

Posted: Nov 18, 2024

Mitigating Flood Risk 10x More Cost Effective Than Rebuilding: Swiss Re

Carrier Management

Mitigating Flood Risk 10x More Cost Effective Than Rebuilding: Swiss Re Flood damage-related ec...

Posted: Nov 18, 2024

Biden Administration Urges Congress to Fund Disaster Relief

Carrier Management

Biden Administration Urges Congress to Fund Disaster Relief President Joe Biden's budget director called on...

Posted: Nov 18, 2024

TSLA Announces Election of Officers & Directors at Annual Meeting

Insurance Journal

The Texas Surplus Lines Association, Inc. announces the election of the following Officers and Directors at its 69th Annual Meeting held at the Four Seasons Hotel Austin on November 11, 2024. President – Robert McEwen, MBA, CIC, The Parks Group, &#82...

Posted: Nov 18, 2024

Inszone Acquires LIA of Texas

Insurance Journal

Inszone Insurance Services announced the acquisition of LIA Texas, LLC, an agency based in Dallas, Texas. This strategic acquisition enhances Inszone’s footprint in Texas, enhancing the company’s ability to provide personalized service an...

Posted: Nov 18, 2024

Beware the Algorithm!

Insurance Thought Leadership

Beware the Algorithm! PaulCarroll

Posted: Nov 18, 2024

Aon unveils new application to drive tech-driven cyber risk management

Reinsurance News

Global professional services firm Aon has launched its Cyber Risk Analyzer, a digital application allowing risk managers to make technology-enabled decisions to mitigate cyber risk. According to the firm, the Cyber Risk Analyzer provides clients a...

Posted: Nov 18, 2024

USGS: Pair of Small Quakes in Southern California’s Inland Empire

Insurance Journal

A pair of small earthquakes were reported in Southern California’s Inland Empire on Saturday, according to the U.S. Geological Survey. The first magnitude 3.5 earthquake occurred at 2:17 p.m. northwest of Fontana. It was 1. 7 miles deep, accord...

Posted: Nov 18, 2024

Allianz launches global program to combat polarisation in societal institutions

Reinsurance News

Following an active electoral year worldwide, Allianz has announced the launch of “Power of Unity,” a global program aimed at restoring trust in societal institutions and fostering confidence in a better economic future. According to Allianz Resea...

Posted: Nov 18, 2024

NHTSA Opens Probe Into Over 110,000 Ford SUVs on Seat Belt Concern

Insurance Journal

The U.S. auto safety regulator said on Monday it had initiated a recall query into about 112,567 Ford SUVs over an issue with seat belt retractors. The National Highway Traffic Safety Administration said it had received three complaints, alleging an...

Posted: Nov 18, 2024

Aon adds Brian Gillin to its Cyber Reinsurance Solutions team

Reinsurance News

Global insurance and reinsurance broker Aon has announced the appointment of Brian Gillin to its Cyber Reinsurance Solutions team as Managing Director – Cyber, Reinsurance, a New York based role. Gillin brings to his new role extensive exper...

Posted: Nov 18, 2024

Lloyd’s appoints Nathan Adams as Chief People Officer

coverager

Nathan has over 20 years of experience as an HR and transformation leader.

Posted: Nov 18, 2024

Onda Selects Five Sigma to Elevate Cyber Claims Handling

coverager

Onda, a global leader in cyber insurance, has partnered with Five Sigma to transform its claims operations with AI and automation. This empowers Onda to streamline processes, reduce claim cycle times, and scale as cyber threats continue to grow.

Posted: Nov 18, 2024

HUB International acquires ANCO Insurance Managers

coverager

ANCO Insurance Managers is headquartered in Texas.

Posted: Nov 18, 2024

Evident partners with PRISM

coverager

Evident’s technology automates the collection, verification, and monitoring of third-party risk data.

Posted: Nov 18, 2024

Enstar expands partnership with James River

coverager

Completion of the transaction is subject to regulatory approval and satisfaction of other customary closing conditions.

Posted: Nov 18, 2024

Mercedes-Benz partners with Wrisk

coverager

Mercedes-Benz Insurance Services UK Limited reported £3.3 million in insurance brokerage commissions in 2023.

Posted: Nov 18, 2024

Progressive reports 94.1% CR for October

coverager

Phil Witherington was appointed as his successor and joining the Board of Directors at that time.

Posted: Nov 18, 2024

Spain’s Record-Breaking Floods Push Insured Losses Above €4 Billion ($4.2 Billion)

Insurance Journal

Total insured losses from recent floods in Spain are expected to exceed €4 billion (US$4.2 billion), according to credit rating agency Morningstar DBRS. This insured price tag includes losses absorbed by the Consorcio de Compensación de Seguros (CCS)...

Posted: Nov 18, 2024

Allstate Thinks Outside the Cubicle With Flexible Workspaces

Insurance Journal

After ditching two-thirds of its office space and selling its Chicago headquarters, Allstate Corp. realized that even employees who prefer working remotely still need a place to gather with their coworkers from time to time. In the coming months, a &...

Posted: Nov 18, 2024

Insurers gain access to impact investment strategies through Nuveen & state regulator partnership

Reinsurance News

Nuveen, the investment manager of TIAA, is collaborating with a coalition of state regulators in the US to develop strategies designed to pair capital from insurance companies and other sources for positive social and environmental impact. The sta...

Posted: Nov 18, 2024

Generali GC&C hires Chubb’s Nicholas Selff as Head of Underwriting, Asia

Reinsurance News

Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has appointed Nicholas Selff as Head of Underwriting for Asia, effective immediately. He joins the organisation from Chubb where he most recently s...

Posted: Nov 18, 2024

SI Re appoints Dr. Arnold Löw as its new CEO

Reinsurance News

Zug, Switzerland-based reinsurer SIGNAL IDUNA Reinsurance Ltd. (SI Re) has appointed Dr. Arnold Löw as its new Chief Executive Officer, with Bertrand R. Wollner remaining in the role until his retirement on April 30, 2025, and Dr. Löw taking over...

Posted: Nov 18, 2024

Companies Using New Approaches to Analyze, Communicate Interconnected Risks

Risk & Insurance

As businesses face increasing 'polycrisis' threats, traditional risk management approaches need an update for today's interconnected challenges, per a RIMS executive report. The post

Posted: Nov 18, 2024

Marsh McLennan Completes $7.75B Buy of McGriff Insurance Services

Insurance Journal

Marsh McLennan said Friday it has completed the $7.75 billion acquisition of McGriff Insurance Services. The purchase of Charlotte, North Carolina-based McGriff, founded in 1886, adds to Marsh McLennan’s position as the biggest U.S. broker, wit...

Posted: Nov 18, 2024

US P&C insurance sector sees 5.3% post-election surge amid policy uncertainty

Reinsurance News

In a recent report by RBC Capital Markets, a financial services firm specialising in analysing the impact of political, economic, and regulatory developments across various sectors, titled Insurance Observations, the firm examines the potential im...

Posted: Nov 18, 2024

Worker Rescued From Rubble After Construction Accident in Kentucky

Insurance Journal

LOUISVILLE, Ky. (AP) — Firefighters in Kentucky’s largest city rescued a construction worker on a demolition team who fell into a void Thursday and became trapped in rubble, requiring a tedious, hours-long operation to dig him out. The rescue w...

Posted: Nov 18, 2024

WTW names Hart as Cyber Leader for PE&TS, CRB NA

Reinsurance News

Global advisory, broking, and solutions company WTW has appointed Ashley Hart as Cyber Leader for Private Equity and Transactional Solutions (PE&TS), Corporate Risk and Broking, North America (CRB NA). As the Cyber Leader, Hart will be respons...

Posted: Nov 18, 2024

Voluntary Evacuations Help Firefighters Contain New York State Forest Wildfire

Insurance Journal

A voluntary evacuation of homes over the weekend helped New York firefighters continue their progress in containing a state park wildfire near the New Jersey border. The state requested that residents in about 165 homes in Warwick, New York evacuate...

Posted: Nov 18, 2024

Climate change to drive multi-year pricing cycle for Australian personal lines insurers: BofA Securi...

Reinsurance News

Analysts at BofA Securities are forecasting a multi-year pricing cycle for Australian personal lines insurers, which will be primarily driven by concerns surrounding the impacts of climate change and rising peril exposures. The firm highlighted ho...

Posted: Nov 18, 2024

Saudi reinsurers to get first refusal on 30% of overall cession of reinsurance agreements

Reinsurance News

In a new circular, The Insurance Authority of Saudi Arabia has issued new rules on reinsurance cessions, requiring local insurers entering into reinsurance agreements to offer 30% of the overall cession to domestic reinsurers first. Effective Janu...

Posted: Nov 18, 2024

AdvantageGo announces strategic alliance with CyberCube

Reinsurance News

AdvantageGo, a commercial re/insurance software provider, has announced a strategic alliance with CyberCube, a provider of cyber risk analytics to the re/insurance industry, as it joins its Ecosystem to provide additional cyber-specific data and a...

Posted: Nov 18, 2024