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How Sports are Insured

Insurance Thought Leadership

How Sports are Insured Personal Lines ClareCarroll1

Posted: Oct 21, 2024

Steve Ballmer's Classic Mistake

Insurance Thought Leadership

Steve Ballmer's Classic Mistake PaulCarroll

Posted: Oct 21, 2024

McKinsey to Pay at Least $500 Million in DOJ Opioid Probe

Carrier Management

McKinsey to Pay at Least $500 Million in DOJ Opioid Probe McKinsey & Co. is nearing a deal wit...

Posted: Oct 21, 2024

Tom Rasmussen Talks about Carpe Data’s Evolving Product Lineup

IIR

Rasmussen spoke with Tom Benton about Online Injury Alerts, Investigative Reports, and the companies work to incorporate AI and develop data-sharing initiatives.

Posted: Oct 21, 2024

ACORD Solutions Group Modernizes Insurance DataExchange

IIR

Mark Bennett, SVP of Global Business Development at ACORD, recently shared insights into the organization’s role and ongoing efforts with Tom Benton at ITC Vegas 2024.

Posted: Oct 21, 2024

Tune Protect and bolttech Insurance Launch AirAsia Travel Insurance in Hong Kong

IIR

The strategic collaboration aims to provide comprehensive travel protection for Hong Kong travelers.

Posted: Oct 21, 2024

A Novel Approach to Curbing Healthcare Costs

Insurance Thought Leadership

A Novel Approach to Curbing Healthcare Costs Future of Risk sradomski

Posted: Oct 21, 2024

Five Ways Technology Can Help Mid-Sized Carriers Reduce Costs

Insurance Thought Leadership

Five Ways Technology Can Help Mid-Sized Carriers Reduce Costs From Our Partners sradomski...

Posted: Oct 21, 2024

Cambridge Mobile Telematics Announces Enhanced Driver Experiences, Crash Capabilities, and Developer...

coverager

Streamlined onboarding and advanced driver/passenger classification algorithms drive telematics program engagement and adoption October 21, 2024, Cambridge, MA — Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, toda...

Posted: Oct 21, 2024

U.S. Grants Nearly $2B to Harden Power Grid Against Extreme Weather

Carrier Management

U.S. Grants Nearly $2B to Harden Power Grid Against Extreme Weather The U.S. on Friday annou...

Posted: Oct 21, 2024

Business Leaders Rushing AI Adoption Raise Concerns Over Literacy, Ethics and Preparedness: Report

Carrier Management

Business Leaders Rushing AI Adoption Raise Concerns Over Literacy, Et...

Posted: Oct 21, 2024

Understanding Chronic Pain in the Workplace: How Employers Can Better Promote Employee Wellbeing

Risk & Insurance

Chronic pain affects 51.6 million adults. By understanding how this pain intersects with a worker’s daily life, employers can uncover strategies for wellbeing and success. The post

Posted: Oct 21, 2024

Cyber Insurance Market Grows, But Adoption of Risk Management Services Lags

Risk & Insurance

Beyond risk transfer, cyber insurance providers must better communicate value-added services and engage key decision-makers to enhance cyber resilience, concludes a QBE Zywave report. The post

Posted: Oct 21, 2024

Former Iowa Insurance Producer Sentenced for Wire Fraud and Money Laundering

Insurance Journal

William Berg, an insurance producer and former financial advisor from Waukee, Iowa, was sentenced to nine years in prison on Friday after pleading guilty in federal court to wire fraud and money laundering charges. In addition to his prison sentence,...

Posted: Oct 21, 2024

Texas Reaches $3.5M Settlement With Marriott Over Customer Data Breach

Insurance Journal

Texas Attorney General Ken Paxton announced the state has secured a settlement with Marriott International, Inc., that resolves an investigation into a breach of one of the company’s reservation databases. The breach exposed 131 million guest r...

Posted: Oct 21, 2024

Murdoch Firms Dow Jones and New York Post Sue Perplexity AI

Insurance Journal

Media baron Rupert Murdoch’s Dow Jones and New York Post filed a lawsuit against Perplexity AI on Monday, claiming the AI startup engages in a “massive amount of illegal copying” of their copyrighted work. Perplexity’s search...

Posted: Oct 21, 2024

People Moves: Applied Underwriters Aerospace Names Parker Chairman

Insurance Journal

Applied Underwriters Aerospace, headquartered in Atlanta, has named Richard Parker as chairman of the Washington, D.C.-based group. Parker has over 35 years of experience in space insurance, satellite engineering and satellite and launch vehicle proc...

Posted: Oct 21, 2024

FERMA Forum 2024 calls for a transformative approach to risk management

Reinsurance News

FERMA, the Federation of European Risk Management Associations, represents the interests of risk managers across Europe, and in her opening speech at the FERMA Forum in Madrid, President Charlotte Hedemark urged them to adapt, improve, and innovat...

Posted: Oct 21, 2024

Agentech Secures $3 Million to Revolutionize Insurance Claims with AI-Driven Workforce

coverager

By automating both routine and manual time-consuming tasks, Agentech reduces claim cycle times, increases accuracy, and allows desk adjusters to focus on high-value decision-making and customer service.

Posted: Oct 21, 2024

Beazley launches new combined cyber and financial institutions consortium

coverager

Flex is available to financial institutions across the globe, excluding US domiciled businesses.

Posted: Oct 21, 2024

Dignity to acquire Farewill

coverager

Farewill provides an online platform for people to create a will.

Posted: Oct 21, 2024

Uprise raises $3.3 million

coverager

Life insurance, wills, and estate planning are part of the products and services Uprise offers. 

Posted: Oct 21, 2024

AXA XL launches new cyber insurance coverage

coverager

The coverage addresses Gen AI risks.

Posted: Oct 21, 2024

Midwest Chicken Farmers Struggle to Feed Flocks After Closure of Producer

Insurance Journal

Dozens of farmers in Iowa, Minnesota and Wisconsin are scrambling to feed their flocks after a struggling organic broiler chicken producer abruptly closed a year after getting a $39 million federal loan. Pure Prairie Poultry shuttered its Charles Cit...

Posted: Oct 21, 2024

Train Derails in South Louisiana, Causing Chemical Leak

Insurance Journal

DONALDSONVILLE, La. (AP) — Seventeen cars of a train derailed in south Louisiana on Friday, and several leaked a chemical used to sanitize swimming pools, but authorities said it was not a threat to the public. It was not immediately …

Posted: Oct 21, 2024

AXA Climate renews parametric insurance to safeguard marine protected areas

Reinsurance News

AXA Climate has announced the renewal of parametric insurance coverage for 88 Marine Protected Areas (MPAs) in the Philippines. In partnership with Blue Alliance Marine Protected Areas and Howden, this initiative bolsters the financial stability o...

Posted: Oct 21, 2024

Cuba Hit by Tropical Storm Oscar as It Struggles to End Blackout

Insurance Journal

Cuba was dealing with heavy rains and winds today from Tropical Storm Oscar, even as it continues to deal with a prolonged blackout affecting a large swath of the island. According to the U.S. National Hurricane Center, Oscar made landfall …

Posted: Oct 21, 2024

Thomas McShane named Head of Technology and Media E&O at Tokio Marine Kiln

Reinsurance News

Tokio Marine Kiln (TMK), an international insurer, has appointed Thomas McShane as Head of Technology and Media E&O, a newly created position. McShane will officially join the company in January and will report to Laila Khudairi, Head of Cyber...

Posted: Oct 21, 2024

Reinsurers regain leverage as late storms drive up nat cat losses: Bloomberg

Reinsurance News

With a series of late storms causing natural catastrophe losses to rise, pressure on reinsurers to cut pricing and offer more generous terms has eased, according to a new report from Bloomberg Intelligence (BI). As per Charles Graham, BI Senior In...

Posted: Oct 21, 2024

Ping An reports 4.5% growth in P&C insurance revenue in 9M 2024

Reinsurance News

Chinese insurer Ping An has reported its results for the first nine months of 2024, showing a solid 4.5% year-on-year growth in property & casualty (P&C) insurance revenue, reaching RMB246,022 million. At the same time, its P&C operati...

Posted: Oct 21, 2024

90% of Insurers Have GenAI Budgets; 10% Can Fully Comply With AI Regs

Insurance Journal

Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to comply with regulations or to monitor AI results....

Posted: Oct 21, 2024

Colorado Mine Where Tour Guide Was Killed and Tourists Trapped Ordered Closed by Regulators

Insurance Journal

A former Colorado gold mine where a tour guide was killed and a group of tourists was trapped for hours after an elevator accident has been ordered to remain closed and not conduct tours while its operations are reviewed, state …

Posted: Oct 21, 2024

Colorado Mine Where Guide Was Killed, Tourists Trapped Ordered Closed by Regulators

Insurance Journal

A former Colorado gold mine where a tour guide was killed and a group of tourists was trapped for hours after an elevator accident has been ordered to remain closed and not conduct tours while its operations are reviewed, state …

Posted: Oct 21, 2024

FBI Arrests Man Over SEC Hack, Alleging Bitcoin Manipulation

Insurance Journal

A 25-year-old Alabama man was arrested on Thursday for hacking the U.S. Securities and Exchange Commission’s X account this year as part of an alleged conspiracy to manipulate bitcoin prices, U.S. prosecutors said. In January, a hacker posted f...

Posted: Oct 21, 2024

Markets/Coverages MGA Pen Underwriting Relaunches Large Corporate Cyber Offering

Insurance Journal

Pen Underwriting has relaunched its cyber proposition for large corporate clients with a comprehensive rebuild that sees it re-enter primary cover for this end of the market, double its excess of loss (XOL) limit and introduce a significantly broader...

Posted: Oct 21, 2024

South Africa Mulls Rules for Catastrophe Bonds, Climate Cover

Insurance Journal

South Africa’s National Treasury is exploring regulations to encourage the use of financial instruments to tackle climate change, including catastrophe bonds and parametric insurance. “We are looking at how best we can get investors into...

Posted: Oct 21, 2024

China approves new insurance ventures from BNP Paribas and Prudential

Reinsurance News

China is further opening its massive insurance market by approving the establishment of separate insurance units for BNP Paribas and Prudential Financial. The National Financial Regulatory Administration (NFRA) greenlit a BNP Paribas joint venture...

Posted: Oct 21, 2024