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Singapore lawmakers passed an amendment to a bill that will effectively block Allianz SE’s proposed S$2.2 billion ($1.7 billion) acquisition of a majority stake in a local insurance firm. Under the amended Insurance Act, the country’s fin...
Posted: Oct 17, 2024
The U.S Federal Trade Commission on Oct. 10 finalized changes to a rule that determines what information companies must hand over when seeking clearance for proposed mergers, paring back a proposal that drew criticism from industry groups. The FTC st...
Posted: Oct 17, 2024
Carmaker Stellantis said on Wednesday it is recalling 54,000 hybrid crossover SUVs worldwide because the brake pedal in the vehicles could disengage and stop working. The recall, the company said, includes some 2024 through 2025 model-year Alfa Romeo...
Posted: Oct 17, 2024
After at least three appeals court decisions in the last four years, homeowner lawsuits that take issue with a Florida insurance carrier’s managed repair program may finally have run their course. “It really should” be a nail in the...
Posted: Oct 17, 2024
The US Supreme Court let the Environmental Protection Agency move ahead with its stringent new emissions limits for power plants, rebuffing businesses and Republican-run states that complained the rule will impose exorbitant compliance costs. The hig...
Posted: Oct 17, 2024
Applied Underwriters Aerospace, a division of Applied Underwriters specialising in insurance and risk management for the aerospace and space exploration industries, has expanded its role as the space insurance market experiences significant change...
Posted: Oct 17, 2024
A man banned for life from the California workers’ compensation system after being twice convicted of fraud was charged with billing nearly $100 million as part of an extensive workers’ comp fraud scheme. David Fish was charged along with...
Posted: Oct 17, 2024
A man banned for life from the California workers’ compensation system after being twice convicted of fraud was charged with billing nearly $100 million as part of an extensive workers’ comp fraud scheme. David Fish was charged along with...
Posted: Oct 17, 2024
The Pennsylvania Supreme Court has let stand a state appeals court ruling that tackled for the first time what is meant by “your computers” under electronic data coverage in a commercial property policy. The case involves claims by Bible...
Posted: Oct 17, 2024
Hub International Limited appointed Andrew Forchelli as executive vice president of HUB California effective January 1, 2025. He will cover existing operations in Northern and Southern California while maintaining his roles as president of HUB LAOC a...
Posted: Oct 17, 2024
The City of Isleton will take part in a community-based flood insurance initiative for as part of a two-year $200,000 grant to provide payouts to residents if floodwaters reach a pre-determined depth. The pilot project is headed by the California ...
Posted: Oct 17, 2024
A Connecticut jury has awarded $30 million to a woman who suffered permanent injuries due to an improper caesarean section surgery 10 years ago. With prejudgment interest, the total award will amount to as much as $68 million, according to …
Posted: Oct 17, 2024
This post is part of a series sponsored by Darkhorse Insurance. Ever wondered what it’s like to be a Farmers Insurance agent? In this eye-opening blog, a former Farmers agent spills the beans on the inside scoop. Get ready for …
Posted: Oct 16, 2024
Comprehensive Strategies for Tackling Existing and Emerging Multifamily Housing Threats Date: Thursday, Nov. 7, 2024 Venue: Zoom Time: 10:30 a.m. – 4 p.m. ET CHESHIRE, CONNECTICUT – HAI Group is pleased to announce its sixth annual Virtual Risk Manag...
Posted: Oct 16, 2024
Insurance Execs See Gen AI Necessary To Compete; Custo...
Posted: Oct 16, 2024
Former Triple-I Exec Alleges Retaliatory Firing; Axed After Testifying Against CEO In Bullying Case...
Posted: Oct 16, 2024
Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk Catastrophe modeler Verisk said it expects...
Posted: Oct 16, 2024
Google Endorses Bill to Reveal Funders Backing Lawsuits Google is endorsing a bill that would re...
Posted: Oct 16, 2024
In general, attitudes around implementing artificial intelligence (AI) are mixed, with 64% of principals interested in how AI can improve their business, says Safeco and Liberty Mutual study.
Posted: Oct 16, 2024
Within insurance NTT Data wants to talk to carriers about how they can apply their enterprise capabilities to transformation initiatives, as well as marketing their BPaaS/TPA services.
Posted: Oct 16, 2024
As the pace of development increases with insurance digitization, quality assurance takes on greater importance.
Posted: Oct 16, 2024
Stiles takes on a newly created role dedicated to enhancing engagement, savings and financial wellness outcomes for participants.
Posted: Oct 16, 2024
Insurance Business Magazine - US
Posted: Oct 16, 2024
IPH is the lesser-known name behind Embrace, Pumpkin, Pets Best, and PetPlace.
Posted: Oct 16, 2024
Saga had ~1.4 million policies in force as of July 31, 2024.
Posted: Oct 16, 2024
The proposed rate adjustment would increase total written premiums by $31.4 million.
Posted: Oct 16, 2024
Insurance Business Magazine - US
Posted: Oct 16, 2024
This comes after recent venture financing from MetLife Ventures, ADP Ventures, and Workday Ventures.
Posted: Oct 16, 2024
The investment will enable the business to continue scaling its operations globally.
Posted: Oct 16, 2024
Myers, Benner specializes in serving towing operations, garages, truck dealerships, and school districts.
Posted: Oct 16, 2024
Texas Insurance Commissioner Cassie Brown issued an order this week disapproving Texas Windstorm Insurance Association’s proposed 10% increase to property and commercial rates. The Department Department of Insurance said in an Oct. 14 order tha...
Posted: Oct 16, 2024
A federal jury convicted former Castroville Police Chief, Christopher Filline, for one count of conspiracy to commit wire fraud, the U.S. Attorney’s Office for the Western District of Texas announced. According to court documents and evidence p...
Posted: Oct 16, 2024
McALLEN — Laredo entered its sixth day of a citywide water boil notice after traces of E. coli were discovered in its public water system. Now officials in this South Texas city are scrambling to repair old water pipes that …
Posted: Oct 16, 2024
This edition of International People Moves details appointments at Aon and Ryan Specialty Underwriting Managers International. A summary of these new hires follows here. Aon Announces New Senior Leadership Roles in U.S. Reinsurance Solutions Team Ins...
Posted: Oct 16, 2024
Fitch Ratings has affirmed the ‘A+’ (Strong) Insurer Financial Strength (IFS) ratings for Cincinnati Financial Corporation’s (CINF) three property/casualty insurance subsidiaries and its life insurance subsidiary the ‘A+’...
Posted: Oct 16, 2024
The U.S. Department of Labor announced this month that its Occupational Safety and Health Administration launched a regional emphasis program to address worker safety in the highly hazardous grain handling industry as preventable injuries and uncheck...
Posted: Oct 16, 2024
MADISON, Wis. (AP) — Wisconsin officials are requiring people in 13 counties to obtain burning permits as dry conditions continue. The state Department of Natural Resources announced Monday that permit requirements will go into effect just after midn...
Posted: Oct 16, 2024
Demand for re/insurance is up as the world experiences increasing uncertainty, and this volatile environment and elevated risk landscape creates both challenges and opportunities for insurers and reinsurers in Europe, said Swiss Re’s Leopoldo Cama...
Posted: Oct 16, 2024
Female board and leadership representation at European companies plunges whens private equity firms invest, according to a study by consultancy LCap Group. The average percentage of women in leadership positions tumbles to 16% by the end of the priva...
Posted: Oct 16, 2024