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Worker Injured While Drunk on the Job Wins Claim Approval

Insurance Journal

A worker injured when he fell from a ladder is entitled to workers’ compensation benefits despite the fact he was intoxicated at the time of the accident. An appellate court in New York has upheld a decision of the Workers’ …

Posted: Oct 18, 2024

Year-To-Date Natural Disaster Costs Below Average; Frequency Up: Report

Carrier Management

Year-To-Date Natural Disaster Costs Below Average; Frequency Up: Report Altho...

Posted: Oct 18, 2024

The ‘Waffle House Index’ Helps Residents, FEMA Gauge Storm Severity

Carrier Management

The ‘Waffle House Index’ Helps Residents, FEMA Gauge Storm Severity Golden hashbrowns, gravy-smothered bisc...

Posted: Oct 18, 2024

Wuuii Partnering with IBHS on Wildfire Prepared Home Option for Californians

Insurance Journal

Wuuii is partnering with the Insurance Institute for Business and Home Safety to combine IBHS’ Wildfire Prepared Home program and Wuuii’s Madronus Wildfire Defense network to offer an option for California property owners designed to help...

Posted: Oct 18, 2024

People Moves: RT Specialty Promotes Kochmer, Jackson and Fagan

Insurance Journal

RT Specialty, headquartered in Chicago, promoted three team members in its RT Specialty Environmental and Construction Professional (RT ECP) Practice office in Hamilton, New Jersey. Justin Kochmer has been promoted to senior account manager. Kochmer...

Posted: Oct 18, 2024

IDF announces Whalley & Carpenter as SHS Co-Chairs among other leadership moves

Reinsurance News

The Insurance Development Forum (IDF) has appointed Karina Whalley, Head of Public Sector at AXA Climate, and Ruth Lux, Head of Public Sector IMEA at Guy Carpenter, as new private sector Co-Chairs of the Sovereign and Humanitarian Solutions (SHS)...

Posted: Oct 18, 2024

IDF announces Whalley and Lux as SHS Co-Chairs among other leadership moves

Reinsurance News

The Insurance Development Forum (IDF) has appointed Karina Whalley, Head of Public Sector at AXA Climate, and Ruth Lux, Head of Public Sector IMEA at Guy Carpenter, as new private sector Co-Chairs of the Sovereign and Humanitarian Solutions (SHS)...

Posted: Oct 18, 2024

Moody’s RMS, CoreLogic Add to Modelers’ Take on Milton Insured Losses

Insurance Journal

Moody’s RMS has pegged private insured losses from Hurricane Milton to between $22 billion and $36 billion, with a best guess of $26 billion. The Newark, California-based catastrophe modeler also narrowed its range for insured losses from hurri...

Posted: Oct 17, 2024

Travelers Triples Q3 Net Income, Reverses Underwriting Loss

Carrier Management

Travelers Triples Q3 Net Income, Reverses Underwriting Loss Travelers on Thursday...

Posted: Oct 17, 2024

Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M For Helene

Carrier Management

Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M For Helene Allstate Corp...

Posted: Oct 17, 2024

Should an Agency Record Phone Calls With Insureds?

IA Magazine

Should an agency record phone conversations with insureds in the event documentation is needed in an errors & omissions claim? What is the current best practice for storing those recordings in an agency management system (AMS)?

Posted: Oct 17, 2024

Elephant Insurance Expands Life Insurance Options through eFinancial and Fidelity Life

IIR

The new partnership allows its customers access to a network of insurance providers to obtain life insurance quickly and easily, including Fidelity Life’s RAPIDecision Life.

Posted: Oct 17, 2024

CastleBay Adds Software Engineering and Delivery Expertise to Its Team

IIR

Brenda Roberts, a professional with deep experience and expertise in Guidewire, joins the consultant as Manager, Software Engineering & Delivery.

Posted: Oct 17, 2024

Wuuii Announces Integration with IBHS and Expanded Service Provider Network

IIR

A Wildfire Prepared Home full-service option is now available to help California homeowners meet underwriting requirements and reduce premiums

Posted: Oct 17, 2024

INSHUR Secures $19 Million in Latest Funding Round led by Viola Growth

IIR

(Image Source: Unsplash) INSHUR, a New York-based global embedded insurance provider, has raised USD $19m in its latest funding round. The round was led by Viola Growth, with the participation of MS&AD Ventures and existing investors. It brings INSHU...

Posted: Oct 17, 2024

Revolutionizing Submission Automation for MGAs and Wholesalers with AI-Powered Technology: From Emai...

Insurance Journal

This post is part of a series sponsored by Selectsys. In the fast-paced insurance industry, MGAs and wholesalers are constantly challenged with managing large volumes of submissions from agents. Typically, gatekeepers spend significant time manually...

Posted: Oct 17, 2024

Elevator Door Was ‘Broken’ During Colorado Mine Tour Accident That Killed 1 And Trapped 12

Insurance Journal

Investigators are trying to figure out what led to an elevator accident inside a former Colorado gold mine that killed a tour guide, injured four others and left a separate group of 12 people trapped for hours at the bottom …

Posted: Oct 17, 2024

Colorado Mine Elevator Door Was ‘Broken’ in Accident That Killed 1, Trapped 12

Insurance Journal

Investigators are trying to figure out what led to an elevator accident inside a former Colorado gold mine that killed a tour guide, injured four others and left a separate group of 12 people trapped for hours at the bottom …

Posted: Oct 17, 2024

Root partners with Arity

coverager

Embrace currently offers pet health insurance plans underwritten by American Modern.

Posted: Oct 17, 2024

Insurers Rapidly Adopt Generative AI Despite Potential Risks

Risk & Insurance

Insurers globally are racing to adopt generative AI, but they must address a disconnect between their priorities and customer expectations for use of AI, an IBM report concludes. The post

Posted: Oct 17, 2024

People Moves: Tokio Marine HCC Appoints Perez to Launch US Excess Casualty Business

Insurance Journal

Tokio Marine HCC (TMHCC), based in Houston, Texas, has announced the expansion of its specialty product offering with its entry into the Excess Casualty market. David Perez has been appointed as President, Excess Casualty, to lead the launch and buil...

Posted: Oct 17, 2024

Hurricane Milton private market insured loss seen at $22bn to $36bn by Moody’s RMS

Reinsurance News

Moody’s RMS Event Response has estimated that total private insurance industry losses from hurricane Milton will fall between $22 billion and $36 billion, as the firm trims its combined Helene and Milton insured loss range to $30 billion to $50 bi...

Posted: Oct 17, 2024

Pennsylvania’s Enders Insurance Joins Unison Risk Advisors

Insurance Journal

Unison Risk Advisors (URA) has acquired Enders Insurance, a family-run property/casualty insurance agency based in Harrisburg, Pennsylvania. Enders has more than 60 employees throughout its central Pennsylvania office locations including Lancaster, R...

Posted: Oct 17, 2024

Oil Field Service Companies Face Lawsuit for Alleged Sexual and Racial Harassment

Insurance Journal

Oil field service companies Bigfoot Energy Services and Iron Mountain Energy Services, operating as a single employer, violated federal law by failing to prevent widespread sexual and racial harassment in their workforce, the U.S. Equal Employment Op...

Posted: Oct 17, 2024

Gallagher Re hires new Head of Agriculture EMEA & Parametric Sales International

Reinsurance News

Global reinsurance broker Gallagher Re has announced the appointment of Abdessamad El Angoudi as Head of Agriculture EMEA and Senior Parametrics Sales for International. In his new role, El Angoudi will collaborate closely with Shilpa Pankaj, Inte...

Posted: Oct 17, 2024

Nicolas Darveau-Garneau joins iA Financial Group as AI Strategic Advisor

coverager

Mr. Darveau-Garneau had been a director with iA Financial Group and a member of the Human Resources and Compensation Committee since May 2018.

Posted: Oct 17, 2024

AIR Parametric launches Milkshake

coverager

AIR Parametric offers financial protection from extreme weather events like heat spells, cold snaps, and excess rainfall.

Posted: Oct 17, 2024

Beat Capital Partners launches Fallow Grove Insurance Services

coverager

The company has partnered with former CrossCover executive Brett Dupre to launch US-based Fallow Grove Insurance Services.

Posted: Oct 17, 2024

Treehouse raises $16.6 million

coverager

Treehouse has completed thousands of installations and supports dozens of partners across the country, including CarMax, Holman, Emporia, and Quilt.

Posted: Oct 17, 2024