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Specialty re/insurance group Chaucer has announced the appointment of Ivan Sit, an Asian Marine insurance market veteran that has been recruited to launch the company’s regional Marine offering via Chaucer’s Lloyd’s Singapore platform. Sit is rega...
Posted: Nov 01, 2024
FORT STOCKTON — Zachary Swick plucked a pecan from one of the 78,000 trees at a sprawling West Texas farm — a rare sight in the desert known for oil rigs and pump jacks. He peeled away the pecan’s layers, …
Posted: Nov 01, 2024
FORT STOCKTON — Zachary Swick plucked a pecan from one of the 78,000 trees at a sprawling West Texas farm — a rare sight in the desert known for oil rigs and pump jacks. He peeled away the pecan’s layers, …
Posted: Nov 01, 2024
VibraLife of Katy, LLC, a rehabilitation and assisted living facility in Katy, Texas, will pay $80,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) disability discrimination and retaliation lawsuit, the fed...
Posted: Nov 01, 2024
Ed Sheeran, his record label Warner Music WMG.O and music publisher Sony Music Publishing 6758.T persuaded a U.S. appeals court on Friday to uphold a decision that his 2014 hit “Thinking Out Loud” did not illegally copy Marvin Gaye’...
Posted: Nov 01, 2024
Lemonade, the digital insurance firm powered by artificial intelligence (AI), has reported a net loss in Q3 2024 of $67.7 million, compared to a loss of $61.5 million in the third quarter of 2023, while it’s in-force premium (IFP) increased...
Posted: Nov 01, 2024
You may think you have your professional liabilities covered, but emerging threats have the potential to blow the lid off your limits. The post
Posted: Nov 01, 2024
Insurance Business Magazine - US
Posted: Nov 01, 2024
InsurTech's once-disruptive influence has done a full 180, shifting from sidelining independent insurance agents to empowering them as essential partners in transforming the channel.
Posted: Nov 01, 2024
Several regional lenders allocated loan-loss provisions in the third quarter to cover potential defaults by borrowers grappling with recent hurricanes, primarily in Florida, highlighting the risks extreme weather and climate change pose to banks. Two...
Posted: Nov 01, 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 01, 2024
Global reinsurer Hannover Re has announced the appointment of Rael Davis as Chief Financial Officer of the Hannover Re UK Life Branch. Davis brings extensive expertise in global accounting standards, a strong understanding of the financial drivers...
Posted: Nov 01, 2024
Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all three distribution channels to do it. Due to rising trends in the frequency and severity of weather-related losses and in …
Posted: Nov 01, 2024
Cybersecurity, AI governance, and geopolitical risks emerge as top concerns in Riskconnect's 2024 New Generation of Risk Survey. The post
Posted: Nov 01, 2024
The latest people news in the industry today. The post The Hartford Announces Leadership Roles Within Its Global Specialty...
Posted: Nov 01, 2024
The latest people news in the industry today. The post Matt Merna Expands Role at Chubb Limited appeared first on Ri...
Posted: Nov 01, 2024
The latest people news in the industry today. The post Steve Wrinkle Appointed as SVP of Strategy and Business Trans...
Posted: Nov 01, 2024
Enstar Group Limited, a company specialising in managing runoff insurance and reinsurance portfolios, recently confirmed that one of its wholly-owned subsidiaries has finalised a previously announced loss portfolio transfer agreement with subsidia...
Posted: Nov 01, 2024
InsurTech's once-disruptive influence has done a full 180, shifting from sidelining independent insurance agents to empowering them as essential partners in transforming the channel.
Posted: Nov 01, 2024
The latest people news in the industry today. The post Christopher Lang Steps into New Role as Digital Leader for Marsh appeared fi...
Posted: Nov 01, 2024
Global insurance and reinsurance broker Aon has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour, a move that aligns with its UK and Ireland expansion strategy. Upon completion of the transaction, Griffiths...
Posted: Nov 01, 2024
A military contractor accused of contributing to the abuse of detainees at Iraq’s Abu Ghraib prison two decades ago is again on trial in a federal courtroom after a long-awaited civil case earlier this year ended with a hung jury. …
Posted: Nov 01, 2024
Solid underwriting conditions, combined with a turnaround in unrealised losses drove reinsurers to a 22% return on equity (ROE) in 2023, states global ratings agency AM Best. However, the agency has also said that higher attachment points would ma...
Posted: Nov 01, 2024
The Natural Disaster Fund (NDF), managed by Global Parametrics, is playing a crucial role in supporting food security in drought-prone African countries by supporting African Risk Capacity Ltd. (ARC) with risk capacity for the UN World Food Progra...
Posted: Nov 01, 2024
A guide for agents and brokers on the peril, its impact, mitigation steps and response By Thomas Brocksmith As natural catastrophes go, hail probably isn’t at the top of the list of perils that keep most people up at night. Yet, every year, hail is...
Posted: Nov 01, 2024
“By keeping our customers focused on what they are buying and why, we create a relationship that is based on service, communication, and choice.” —Cyrus Jaffery Founder and CEO Family agency in Omaha becomes personal lines powerhouse in just five yea...
Posted: Nov 01, 2024
It takes time to design the perfect forms and content management system for producers. Visionaries say 35 years ought to do it. By Lori Widmer If Amazon Prime, Netflix, and Etsy morphed together into an insurance app, the result would be inchanted. S...
Posted: Nov 01, 2024
Texas agency owner appreciative of those who helped shape his journey By Christopher W. Cook In the insurance industry, certain dedicated young professionals stand out among their peers and are members of an elite squad of individuals. These are thei...
Posted: Nov 01, 2024
With Veterans Day observing its 70th anniversary, two insurance professionals share their military experiences By Christopher W. Cook Seventy years ago, in 1954, President Dwight Eisenhower signed a bill presented by U.S. Representative Ed Rees (Kans...
Posted: Nov 01, 2024
Customizable data analytics platform built internally by one agency goes public to help others succeed By Christopher W. Cook Back in 2018 and 2019, I wrote a series about the misadventures of Ernie and Oliver, two inexperienced agency owners who had...
Posted: Nov 01, 2024
Recommendations to share with clients to lower their risk profile By Eric Spacek Winter is fraught with risk for your customers. From slips and falls on ice, to vehicle troubles, to the threat of carbon monoxide poisoning, there are myriad reasons wh...
Posted: Nov 01, 2024
How to create a healthier workplace through philanthropy Agencies that also weave charitable giving into an environment of inclusivity will create an even more enriching workplace, paving the path to better business results. By Lisa Lounsbury What’s...
Posted: Nov 01, 2024
A look at your crucial role in helping organizations identify and manage risks I realized that no amount of insurance could heal a serious injury or loss of life, and there were several risks where insurance wasn’t even a solution. By Randy Boss, CRM...
Posted: Nov 01, 2024
QBE Re, the reinsurance arm of QBE Insurance Group, has announced the appointments of Meredith Ramcharan as VP Casualty Treaty Team Leader and Grace Beveridge as Lead Treaty Underwriter. These key hires will strengthen the firm’s North America (NA...
Posted: Nov 01, 2024