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Boards Aim to Balance Growth, Innovation, and Risk Oversight

Risk & Insurance

Boards focus on driving growth through emerging technologies and managing heightened cybersecurity and fraud risks, a survey by BDO reveals. The post

Posted: Nov 12, 2024

Retail Workers Consider Quitting Due to Safety Concerns Ahead of Holiday Shopping Season

Carrier Management

Retail Workers Consider Quitting Due to Safety Concerns Ahead of Holiday Shopping Season...

Posted: Nov 12, 2024

Job Search Strategy Varies By Generation: Survey

Carrier Management

Job Search Strategy Varies By Generation: Survey A new survey of 500 job seekers' search habits finds that ne...

Posted: Nov 12, 2024

UK Solvency updates to boost life insurers with further flexibility, says AM Best

Reinsurance News

According to ratings agency AM Best, the upcoming changes to the UK’s solvency regulations –  which are expected to be finalised in November – are likely to bring positive impacts to UK insurers. The reforms follow the Prudential...

Posted: Nov 12, 2024

World Insurance Associates Expands Louisiana Texas With 5 Acquisitions

Insurance Journal

World Insurance Associates LLC (“World”), announced today that it acquired the business of five entities with locations across Louisiana and Texas on August 1, 2024. The agencies are The Firm of Louisiana P&C, LLC (Lake Charles), McFa...

Posted: Nov 12, 2024

World Insurance Associates Expands in Louisiana, Texas With 5 Acquisitions

Insurance Journal

World Insurance Associates LLC (“World”), announced today that it acquired the business of five entities with locations across Louisiana and Texas on August 1, 2024. The agencies are The Firm of Louisiana P&C, LLC (Lake Charles), McFa...

Posted: Nov 12, 2024

Supreme Court Lets Stand Ruling Curbing Bid-Rigging Prosecutions

Insurance Journal

The US Supreme Court left intact a ruling that curbs the Justice Department’s ability to use federal antitrust law to prosecute people and companies for bid-rigging, price-fixing and other collusion. The justices, without comment, turned away a...

Posted: Nov 12, 2024

Hub Acquires Texas’ ANCO Insurance

Insurance Journal

Hub International Limited announced that it has acquired the assets of ANCO Insurance Managers, Inc. (ANCO Insurance). Terms of the transaction were not disclosed. Headquartered in Bryan, Texas with six additional offices, ANCO Insurance is one of th...

Posted: Nov 12, 2024

Michigan Jury Awards $12M to Woman Fired for Refusing to Get COVID Vaccine

Insurance Journal

DETROIT (AP) — A jury awarded more than $12 million Friday to a woman who lost her job at a Michigan insurance company after declining to get a COVID-19 vaccination. Much of the award — $10 million — is for …

Posted: Nov 12, 2024

Obama Relatives Settle Racial Bias Suit With Private School in Milwaukee

Insurance Journal

Former first lady Michelle Obama’s brother and his wife have settled a lawsuit they filed in 2022 alleging a private school in Milwaukee refused to reenroll their children after the couple raised concerns about racism and inappropriate conduct...

Posted: Nov 12, 2024

Fire Crews on Both US Coasts Battle Wildfires; 1 Death in New York-New Jersey fire

Insurance Journal

Fire crews on both coasts of the United States continued battling wildfires on Sunday, including a blaze in New York and New Jersey that killed a parks employee and another in Southern California that destroyed more than 130 structures and …

Posted: Nov 12, 2024

Fire Crews on Both US Coasts Battle Wildfires; 1 Death in New York-New Jersey Fire

Insurance Journal

Fire crews on both coasts of the United States continued battling wildfires on Sunday, including a blaze in New York and New Jersey that killed a parks employee and another in Southern California that destroyed more than 130 structures and …

Posted: Nov 12, 2024

Aspen Insurance promotes Borg to Head of Power and Midstream

Reinsurance News

Aspen Insurance Group, a specialty insurer and reinsurer, has announced the promotion of Lesley Borg to Head of Power and Midstream, a London-based role. Borg has been part of Aspen since 2016, when she joined the company as Head of International...

Posted: Nov 12, 2024

NYC Man Charged With Insurance Fraud in Staged Car Crash Captured by Dashcam

Carrier Management

NYC Man Charged With Insurance Fraud in Staged Car Crash Captured by Dashcam A New York City man has been charged...

Posted: Nov 12, 2024

Maiden Holdings posts $34.5m net loss in Q3, NPW climbs to $8.8m

Reinsurance News

Maiden Holdings, Ltd. has posted a $34.5 million net loss for the third quarter of 2024, compared to a net loss of $3.5 million for the third quarter of 2023. The firm attributes the net loss towards an underwriting loss of $18.8 million in Q3 202...

Posted: Nov 12, 2024

Envelop Risk Launches Underwriting Division, Naming Ex-Dale Underwriter Peters CEO

Insurance Journal

Envelop Risk, the reinsurance managing general agent and analytics specialist, announced the launch of Envelop Underwriting, which will encompass all existing underwriting activities: Envelop Risk Bermuda and Envelop at Lloyd’s, including the E...

Posted: Nov 12, 2024

Suvivors Want to Rebuild Safer, But Cost Misperceptions Can Stand in the Way

Insurance Journal

As Florida and the Southeast begin recovering from 2024’s destructive hurricanes, many people are asking: How can we rebuild sustainably and in a way that avoids the same damage, costs and trauma in future storms? There are proven ways to &#823...

Posted: Nov 12, 2024

Emerald Bay partners with Vanderbilt to launch premium casualty program for luxury real estate

Reinsurance News

Emerald Bay Risk Solutions, a collaborative underwriting carrier specialising in tailored insurance solutions, has formed a strategic partnership with Vanderbilt Properties Associates, Inc., a risk purchasing group managing a significant portfolio...

Posted: Nov 12, 2024

TransRe appoints Swiss Re’s Abdeladim Bousselam as Head of MEA

Reinsurance News

TransRe, a reinsurance company wholly owned by Alleghany Corporation, has announced the appointment of Abdeladim Bousselam as Head of MEA, effective January 1, 2025. In his new role, Bousselam will report directly to Julien Mollinier, President of...

Posted: Nov 12, 2024

Ondo InsurTech Plc has expanded its partnership with Nationwide

coverager

Ondo is a home insurance claims prevention technology company.

Posted: Nov 12, 2024

Emerald Bay Risk Solutions launches inaugural casualty program

coverager

The program will provide capacity for an excess liability facility for high-end co-op and condominium buildings in New York City.

Posted: Nov 12, 2024

Principal names Deanna Strable next president and CEO

coverager

Strable succeeds Dan Houston, who will continue to serve as executive chair of the Board.

Posted: Nov 12, 2024

Progressive Home to discontinue Dwelling Fire line of business

coverager

DP-3 policies represented 3.6% of all Progressive property policies as of September 30, 2024.

Posted: Nov 12, 2024

SelectQuote reports Q1 2025 financial results

coverager

Treasury management platform Agicap announced a $48 million Series C funding round led by AVP.

Posted: Nov 12, 2024

Containment Increases on California Blaze That Has Destroyed at Least 168 Structures

Insurance Journal

Firefighters battled strong driving a fast-moving Southern California wildfire that forced the evacuations of thousands of people and destroyed at least 168 structures. Containment of the Mountain Fire in Ventura County increased to 48%. The fire has...

Posted: Nov 12, 2024

Containment Increases on California Fire That Has Destroyed 168 Structures

Insurance Journal

Firefighters battled strong driving a fast-moving Southern California wildfire that forced the evacuations of thousands of people and destroyed at least 168 structures. Containment of the Mountain Fire in Ventura County increased to 48%. The fire has...

Posted: Nov 12, 2024

KCC US Flood Model 2.0 approved by Florida Hurricane Loss Projection Commission

Reinsurance News

Karen Clark & Company, a provider of catastrophe risk modelling and analytics, has announced that its KCC US Flood Reference Model Version 2.0 has received certification from the Florida Commission on Hurricane Loss Projection Methodology (FCH...

Posted: Nov 12, 2024

Fitch revises outlook on QBE & subsidiaries to positive

Reinsurance News

Fitch Ratings has revised the outlook on all the ratings of Australia-based QBE Insurance Group Limited and its subsidiaries to Positive from Stable, while affirming QBE’s Long-Term Issuer Default Rating at ‘A-‘ and the Insurer F...

Posted: Nov 12, 2024

Chipotle Shareholders Sue Over Fallout From Skimping on Portion Sizes

Insurance Journal

Chipotle Mexican Grill was sued on Monday by shareholders for concealing how many of its restaurants were skimping on portions, forcing the chain to spend more on ingredients and hurting its stock price. In a proposed class action filed in …

Posted: Nov 12, 2024

Lockton Re appoints Guy Carpenter’s Jemima Hopper as Cyber Reinsurance Broker

Reinsurance News

Lockton Re, the reinsurance arm of the independent insurance broker, has announced the appointment of Jemima Hopper as a Broker in its Cyber Practice. Hopper, who is ACII qualified, brings valuable expertise in cyber reinsurance broking, along wit...

Posted: Nov 12, 2024

Meta’s Zuckerberg Not Liable in Lawsuits Over Social Media Harm to Children

Insurance Journal

A federal judge said Meta Platforms CEO Mark Zuckerberg is not personally liable in 25 lawsuits accusing his company of addicting children to social media. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California rejected accusations on Thur...

Posted: Nov 12, 2024