All Posts

Penn State to Pay $1.25M to Resolve Claims of Cybersecurity Non-Compliance

Insurance Journal

The Pennsylvania State University has agreed to pay $1,250,000 to settle claims that it violated the False Claims Act by failing to comply with cybersecurity requirements in 15 contracts involving the Department of Defense (DoD) or National Aeronauti...

Posted: Oct 24, 2024

80% of Residents Say New York City Is Unprepared for Climate Risks

Insurance Journal

A recent survey reveals that a 80% of New York City residents feel their city is unprepared for climate-related risks. The survey, conducted as part of new Economist Impact research supported by global multiline insurer Zurich Insurance Group, highli...

Posted: Oct 24, 2024

Report Shows Opioid Use in California Workers’ Comp Continues to Go Down

Insurance Journal

A California Workers’ Compensation Institute analysis opioid prescription data between 2017 and 2023 from the California Department of Justice’s Controlled Substance Utilization Review and Evaluation System builds on prior CWCI studies by...

Posted: Oct 24, 2024

Insurance Prices Threaten an Affordable Housing Oasis In Hawaii

Insurance Journal

Lahilahi Heen has lived for decades in a three-bedroom house surrounded by a carefully groomed garden in the lush Hawaiian Shores subdivision in Lower Puna. It’s also downslope from Hawaii’s most active volcano. Her house sits outside Pah...

Posted: Oct 24, 2024

4 in 5 residents feel their city is underprepared for climate-related risks: Zurich

Reinsurance News

A recent report from Zurich Insurance Group and Economist Impact reveals that four out of five people believe their city is underprepared for climate-related risks, with major concerns about heat waves, air pollution, water shortages, and flooding...

Posted: Oct 24, 2024

People Moves: USG Hires Francis As Associate Producer/Broker, Garage Division Team

Insurance Journal

USG Insurance Services, Inc. hired Tiffany Francis as an associate producer/broker with their garage division team. Francis, based in Alpine, California, entered the insurance industry eight years ago. She most recently served as a renewal garage und...

Posted: Oct 24, 2024

Digital Connectivity Helps Improve the Patient Experience and Outcomes. How Can More Workers’ Comp S...

Risk & Insurance

Digitization that aligns technology and data across the workers' compensation industry can revolutionize the way stakeholders collaborate, improving patient care and driving better claims outcomes. The post

Posted: Oct 23, 2024

Insurance Cluster vs. Aggregator: Finding the Right Model for Your Agency

Insurance Journal

This post is part of a series sponsored by Darkhorse Insurance. For independent insurance agents looking to grow and stay competitive, insurance clusters and aggregators offer valuable opportunities. Joining either network provides access to more car...

Posted: Oct 23, 2024

The Big ‘I’ Announces Progressive Insurance® Donation to the Trusted Choice® Relief Fund

IA Magazine

Disaster-affected agencies are encouraged to apply for assistance.

Posted: Oct 23, 2024

Commercial Auto Insurance Declines in Underwriting Profitability; Increasing Economic and Social Inf...

Insurance Information Institute

For immediate release New York Press Office: Loretta Worters, 917-208-8842, [email protected]      NEW YORK, Oct. 24, 2024 – The commercial auto insurance line has struggled to achieve underwriting profitability for years, even before the inflationary...

Posted: Oct 23, 2024

5 Labor Market Trends to Watch as 2024 Ends

IA Magazine

In today’s changing workplace, long-term business readiness revolves around an organization’s ability to attract and retain diverse talent from a wide range of skill sets.

Posted: Oct 23, 2024

Big ‘I’ Experts Preview 2024 Election

IA Magazine

Nathan Riedel, Big “I” senior vice president of federal government affairs, sits down with Molly Abboud, Big “I” director of political affairs, to discuss potential outcomes for the election on Nov. 5.

Posted: Oct 23, 2024

Genetic Insights Could Transform Life Insurance: Genomics CEO Sir Peter Donnelly

IIR

Donnelly tells IIR about MassMutual’s collaboration with Genomics to offer policyholders advanced confidential genetic testing.

Posted: Oct 23, 2024

Insurers face AI Integration Challenges: Datos Insights’ Mitch Wein

IIR

A new C-suite role has emerged to help insurers face data-related challenges that must be solved on the way to production-ready AI.

Posted: Oct 23, 2024

Accident Compensation Corporation Migrates to Guidewire Cloud

IIR

The company originally implemented PolicyCenter and BillingCenter in an on-premises mode; AC is also adopting Guidewire Explore to gather and curate near real-time PolicyCenter data.

Posted: Oct 23, 2024

Genstar Capital increases investment in Likewize

coverager

The company works with several insurance carriers including Zurich and AIG. 

Posted: Oct 23, 2024

Rokstone announces new deal with Aviva

coverager

The facility enables Rokstone to write global property D&F business up to $2 million per risk.

Posted: Oct 23, 2024

Aurora secures funding from QBE Ventures

coverager

The London-based MGA will use the investment to enhance its lead algorithmic trading proposition.

Posted: Oct 23, 2024

This Year’s Florida Citrus Crop to be Lowest on Record Due to Hurricanes

Carrier Management

This Year’s Florida Citrus Crop to be Lowest on Record Due to Hurricanes Early evaluations of the imp...

Posted: Oct 23, 2024

Georgia Legal System Abuse Focus of New Triple-I Awareness Campaign

Carrier Management

Georgia Legal System Abuse Focus of New Triple-I Awareness Campaign To raise aw...

Posted: Oct 23, 2024

How Leveraging Integrated Data Creates Superior Risk Management

Risk & Insurance

Leveraging integrated data empowers organizations to make superior risk management decisions, driving strategic initiatives and enhancing competitive advantages. The post

Posted: Oct 23, 2024

Parking Garage Fires Intensify as Vehicle Composition Changes

Risk & Insurance

Zurich report highlights the growing risk of intense parking garage fires due to the increasing use of plastics and lithium-ion batteries in modern vehicles. The post

Posted: Oct 23, 2024

Affordable Housing in Hawaii Threatened by Rising Insurance Prices

Carrier Management

Affordable Housing in Hawaii Threatened by Rising Insurance Prices Lahilahi Heen has lived for decades...

Posted: Oct 23, 2024

Intoxication Insufficient to Deny Workers’ Comp Claim: NY Court

Risk & Insurance

A New York ruling highlights the heavy burden on employers to prove intoxication was the sole cause of a workplace accident to deny workers' comp coverage. The post

Posted: Oct 23, 2024

American Air Fined Over Treatment of Travelers With Disabilities

Insurance Journal

American Airlines Group Inc. agreed to a $50 million civil penalty to resolve claims by the Biden administration that the carrier violated US rules protecting airline passengers with disabilities. A US Transportation Department investigation found th...

Posted: Oct 23, 2024

Honda Recalling 780,000 Vehicles in North America on Fuel Pump Concern

Insurance Journal

Honda is recalling 780,000 vehicles in North America over concerns that a high-pressure fuel pump may crack and leak fuel. A fuel leak in the presence of an ignition source could increase the risk of a fire, the automaker told …

Posted: Oct 23, 2024

Akron to Pay $4.8M to Family of Black Man Killed by Police

Insurance Journal

The family of Jayland Walker, a Black man killed when eight police officers fired 94 bullets at him after he shot at least one round out his car window, will receive a $4.8 million settlement from the city of Akron, …

Posted: Oct 23, 2024

Helicopter Crashes Into Radio Tower Near Downtown Houston, Killing 4

Insurance Journal

HOUSTON (AP) — Four people aboard a helicopter were killed when it crashed into a radio tower in Houston and burst into flames, officials said. The helicopter went down just before 8 p.m. Sunday in a neighborhood east of downtown …

Posted: Oct 23, 2024

Canada’s economy continues to grow, but challenges still remain, AM Best

Reinsurance News

Canada’s economy continues to see notable growth supported by a still favorable labor market, rising asset prices and falling inflation, according to global credit ratings agency AM Best. However, the agency notes that population growth has...

Posted: Oct 23, 2024

Energy Company Seals Well in West Texas 19 Days After it Exploded

Insurance Journal

ODESSA — A Houston-based energy company has sealed a hemorrhaging well in West Texas 19 days after it exploded, sending a torrent of water and other chemicals dozens of feet into the air. The company, Kinder Morgan, said that workers …

Posted: Oct 23, 2024

AM Best Assigns Superior Credit Rating to Iowa-Based Berkley Luxury

Insurance Journal

AM Best has assigned a Financial Strength Rating (FSR) of A+ (Superior) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) to Berkley Luxury Insurance Company (Berkley Luxury), based in Urbandale, Iowa. The outlook a...

Posted: Oct 23, 2024

CRC Group, Insurance Office of America Add New Faces in the Deep South

Insurance Journal

CRC Group, a wholesale specialty insurance distributor with offices in Birmingham, Alabama, has added three new faces to its Southern U.S. operations. Melissa Waters joined CRC’s Tampa office as an underwriting team leader. She was recently a f...

Posted: Oct 23, 2024

Sircon Compensation empowers carriers to fuel growth and build stronger relationships with independe...

coverager

Vertafore provides the most comprehensive and integrated distribution management platform in the InsurTech industry

Posted: Oct 23, 2024

AIG to expand its Atlanta footprint

coverager

AIG is expanding its operations in Atlanta and hiring local talent for various roles across underwriting, claims, operations, data engineering and AI.

Posted: Oct 23, 2024

Guidewire enhances PartnerConnect Program with new updates and technology innovations

Reinsurance News

Guidewire, a provider of software for property and casualty insurers, has rolled out major enhancements to its PartnerConnect program, alongside new technology innovations. These updates are designed to help insurers modernise their systems, impro...

Posted: Oct 23, 2024