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As insurers look to 2025, several trends are emerging that affect premium and deductible costs — leading to lengthy conversations between insurance agents and brokers and their customers. For worship facilities, some of the most prevalent trend...
Posted: Nov 17, 2024
I remember 1994 when I was running for the United States Senate. My campaign consultants thought I should publish my tax returns and challenge my opponent to do the same. He had a very checkered business career. I was unenthusiastic …
Posted: Nov 17, 2024
The federal Occupational Safety and Health Administration (OSHA) must do more to address ergonomic hazards at warehouses and delivery companies, where the number of injured workers in the growing sector are on the rise, a new report advises. The Gove...
Posted: Nov 17, 2024
Four men have been charged with defrauding New York auto insurers by allegedly submitting more than $10 million in fraudulent claims for psychological services –and then laundering the proceeds of that fraud through a network of illicit check c...
Posted: Nov 17, 2024
Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided. The U.S. 11th Circuit Court of Appeals on Wednesday …
Posted: Nov 17, 2024
Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’ losses in Hurricanes Helene and Milton. But that won’t trigger a surcharge on premiums. And a...
Posted: Nov 17, 2024
By William Rabb A recent photograph of destruction left by Hurricane Milton’s wind tells the story: An entire roof section on a residential complex in Bradenton, Florida – including rafters and ceiling joists – was ripped off, expos...
Posted: Nov 17, 2024
Here are the differences between cyber warranties and cyber insurance, some issues with cyber warranties, and why cyber insurance is the only comprehensive risk transfer solution.
Posted: Nov 17, 2024
Tees-to-Green flood insurance automatically triggers payments as soon as flooding inundates a golf course.
Posted: Nov 17, 2024
While the fast-rolling D&O soft-market train continued through 2024, agents and clients should be aware that insurers are starting to approach underwriting with a more cautious lens.
Posted: Nov 17, 2024
Explore the transformative power of generative artificial intelligence (AI) and how insurance agents help businesses smoothly navigate its integration.
Posted: Nov 17, 2024
The new release is designed to help streamline claims management and increase agility across the insurance lifecycle.
Posted: Nov 17, 2024
Cloverleaf’s GenBI-powered Insurance Intelligence platform will enable Bamboo to have a holistic view of insurance data in Guidewire Cloud.
Posted: Nov 17, 2024
By aligning AI initiatives with customer-centric and organizational objectives and following a structured framework for goal setting and measurement, insurers can harness AI’s full potential to improve risk management, enhance customer experience, an...
Posted: Nov 17, 2024
Three daughters of Malcolm X have accused the CIA, FBI, the New York Police Department and others in a $100 million lawsuit Friday of playing roles in the 1965 assassination of the civil rights leader. In the lawsuit filed in …
Posted: Nov 17, 2024
Lloyd’s of London Shakes Up IT, Operations Teams Commercial insurance market Lloy...
Posted: Nov 17, 2024
Fewer Worker Deaths Investigated by OSHA in FY 2024 The Occupat...
Posted: Nov 17, 2024
Marichal served as Vice President of Operations Strategy and Call Center at OneAmerica Financial.
Posted: Nov 17, 2024
F&G reported a record-breaking $3.5 billion in Q3 retail sales.
Posted: Nov 17, 2024
Fortegra is a specialty insurer and subsidiary of Tiptree.
Posted: Nov 17, 2024
Plymouth Rock will provide auto insurance renewal offers to eligible Providence Mutual policyholders in Connecticut and New Hampshire.
Posted: Nov 15, 2024
Cincinnati's life insurance subsidiary posted net income of $20 million and a 4% increase in term life insurance earned premiums.
Posted: Nov 15, 2024
Cyber Crime Climbs, 90% of Americans Have Been Targeted A majority of Americans were targe...
Posted: Nov 15, 2024
Wildfires that are raging across New York and New Jersey highlight a new threat to one of the world’s most affluent regions. Climate change is regarded by scientists as the pre-eminent factor driving long-term changes in weather, and the New &#...
Posted: Nov 15, 2024
Thankfully, research that aids best practices in workers' compensation is available. The post Three Studies to Help You Rethink Workers’ Compensa...
Posted: Nov 15, 2024
AXIS is leveraging AI to improve submission and underwriting processes, partnering with Mea for data and document automation.
Posted: Nov 15, 2024
D2C division aims to generate over 750,000 life insurance leads in 2025.
Posted: Nov 15, 2024
U.S. Inflation Rose Slightly in October Inflation in the United States ticked up in October, driven by...
Posted: Nov 15, 2024
Insurance Industry Labor Market Remains Stable: Report A majority of c...
Posted: Nov 15, 2024
Posted: Nov 15, 2024
GIC Re, the Indian public sector reinsurer, has reported an underwriting loss of approximately ₹2,376.95 crore for the half year ended on September 30th, 2024, (H1 2024), as compared to a loss of around ₹3,029.04 crore for the same period in 2023....
Posted: Nov 15, 2024
Product recalls surge across key industries in 2024, with over 580 million units affected through September alone, Sedgwick's quarterly analysis reveals. The post
Posted: Nov 15, 2024
Oklahoma Insurance Commissioner Glen Mulready issued a bulletin providing insurers with regulatory guidance on the use of artificial intelligence. The bulletin, which was adopted by the National Association of Insurance Commissioners (NAIC), outlines...
Posted: Nov 15, 2024
Houston-baed Skyward Specialty Insurance Group announced the launch of its new life sciences liability coverage. The strategic addition to the Company’s healthcare solutions underwriting unit offers comprehensive and adaptable protection specif...
Posted: Nov 15, 2024
Aon, a global professional services firm, has been certified by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) to launch its new Florida Flood v3.0 model statewide to assess flood exposures in the state and inform re/insu...
Posted: Nov 15, 2024
An Iowa pizza restaurant has agreed to pay $99,000 in fines after a Department of Labor investigation found the business assigned teenage employees to dangerous duties. Investigators found Pizza Parlor and owner Michelle Drougas illegally employed 11...
Posted: Nov 15, 2024
A large majority of carriers intend to increase or maintain staff sizes in the next 12 months, according to Jacobson’s Q3 2024 Insurance Labor Market Study. While the industry continues to add jobs, the employment growth remains relatively mode...
Posted: Nov 15, 2024
U.S. Federal Trade Commissioner Melissa Holyoak said on Thursday the agency should look into how artificial-intelligence products use the data they gather from younger users, amid privacy and safety concerns. Holyoak, one of two Republicans on the co...
Posted: Nov 15, 2024
The Supervisory Board of R+V Versicherung AG, the parent company of the German R+V Group, has named Holger Nieswandt as a member of the Management Board. Effective April 2025, Nieswandt will oversee R+V Re. Currently serving as Head of Research &#...
Posted: Nov 15, 2024