All Posts
Employers Holdings, Inc., a provider of workers’ compensation insurance, has announced the appointment of Michael Pedraja as Executive Vice President and Chief Financial Officer (Designate), effective February 3, 2025. He will assume the rol...
Posted: Oct 14, 2024
African Development Bank Group’s Board of Directors has approved $34.8 million, ($34,796,402.40) in grants to enhance resilience and adaptation to climate disaster risks for vulnerable communities in Malawi and Zimbabwe. Under the Bank Group’s Afr...
Posted: Oct 14, 2024
Insurance Business Magazine - US
Posted: Oct 14, 2024
Global specialty re/insurance group Chaucer has announced the appointment of marine insurance specialist Nicola Miles as Class Underwriter Ports and Terminals. Miles joins the Marine team reporting to James Irvine, Leader of Global Hull Lines, and...
Posted: Oct 14, 2024
Land Bank Insurance Company (LBIC) has partnered with CelsiusPro to pilot index insurance in South Africa, offering affordable drought-risk coverage for smallholder crop and livestock farmers. Index insurance is a cost-effective way to protect sma...
Posted: Oct 14, 2024
The number of buildings in Florida impacted by Hurricane Milton are similar to, or even more than Helene which totalled over 150,000, according to ICEYE’s initial data. Hurricane Milton made landfall on the 9th of October in Florida’s Sarasota Cou...
Posted: Oct 14, 2024
According to a new Morningstar DBRS report, Hurricane Milton is expected to result in insured losses approaching $60 billion, likely causing the stabilisation of reinsurance prices seen during mid-year renewals to revert to their upward trajectory...
Posted: Oct 14, 2024
Price Forbes Re, an independent reinsurance broker, is excited to announce the appointment of Colin Kelley as its new Chief Commercial Officer (CCO), a role specifically created to support the company’s expansion. In this position, Kelley wi...
Posted: Oct 14, 2024
This post is part of a series sponsored by Old Republic Surety. To some of my fellow insurance professionals, the surety business has always had an air of mystery about it. Perhaps it is the exotic language we use referring …
Posted: Oct 14, 2024
Chubb, the global property and casualty insurer, has launched its new Construction Industry Practice in the UK and Ireland, bringing together specialist underwriters, risk engineers and claims executives across multiple risk areas to create one cu...
Posted: Oct 14, 2024
With insured losses from Hurricane Milton anticipated to be manageable for the larger carriers, analysts at Morgan Stanley have suggested that pricing is less likely to increase for property catastrophe going into 2025. However, the prior expectat...
Posted: Oct 14, 2024
Global credit rating agency AM Best has upgraded and revised the credit rating outlooks for Indian public sector reinsurer, General Insurance Corporation of India (GIC Re), to stable from positive. Specifically, AM Best has upgraded the reinsurer&...
Posted: Oct 14, 2024
London-domiciled, Lloyd’s Approved Coverholder, energy sector managing general agent (MGA) Volt Underwriting launches today to support clients active in the energy transition sector, with initial capacity of $25 million for US and international on...
Posted: Oct 14, 2024
Home insurance firm Hippo has announced it will expand home builder access to its New Homes Program in California, Florida, and Texas by the end of the year. Hippo’s New Homes Program expects to provide access to insurance for almost 50,000...
Posted: Oct 14, 2024
Arc Legal Group, a member of the AmTrust Financial Group and a prominent provider of ancillary products and services in the UK, has announced the immediate appointment of Lee Taylor as Chief Executive Officer, pending regulatory approval. With two...
Posted: Oct 14, 2024
Broadstone, an independent financial services consultancy, has announced the appointment of Rahul Choudhary as Director of Regulatory Analytics in its Insurance, Regulatory & Risk division. In this role, Choudhary will help expand the division...
Posted: Oct 14, 2024
The US commercial insurance sector saw a composite rate increase of 3.8% in Q3 2024, with property insurance up 5.7% and commercial auto and transportation risks experiencing the highest rise at 7.3%. MarketScout notes that although insurers expec...
Posted: Oct 14, 2024
Duck Creek Technologies, a provider of SaaS core systems for the P&C insurance industry, has acquired Risk Control Technologies, Inc. (RCT), a Toronto-based provider of risk management and loss control solutions. According to the announcement,...
Posted: Oct 14, 2024
Carriers that have the depth of experience and the vision to create and maintain stable portfolios will be better partners to buyers and distributors of insurance in the long run. The post
Posted: Oct 13, 2024
A Season of Change for Life Insurance and Annuities Life & Health ClareCarroll1
Posted: Oct 13, 2024
A New Era in Life Insurance Underwriting Life & Health ClareCarroll1
Posted: Oct 13, 2024
Steps to Begin Transforming Claims Claims ClareCarroll1
Posted: Oct 13, 2024
Trends in Data Breach and Privacy Risk Cyber ClareCarroll1
Posted: Oct 13, 2024
While cyber exposure is dangerously prevalent, there are still tactics that businesses can use to protect their business and their clients.
Posted: Oct 13, 2024
The new yacht product provides protection against common boating risks, accidents unique to watercraft, theft and environmental damage.
Posted: Oct 13, 2024
Small businesses may be tempted to eliminate professional liability coverage, especially when they haven't had any claims—that is not a good idea.
Posted: Oct 13, 2024
Explore how the CrowdStrike event reshapes the understanding of risk and the evolving landscape of digital security.
Posted: Oct 13, 2024
Cybercrime isn’t going away, so individuals and businesses need to ensure they have protection. These 5 tips will help you guide customers in the right direction.
Posted: Oct 13, 2024
AI and GenAI, when deployed effectively, can mimic the minds of our industry’s best underwriters and help all underwriters make better decisions, write better policies and protect the bottom line.
Posted: Oct 13, 2024
With the new product, which builds on VOOM’s motorcycle insurance offering, e-bike and other bicycle owners will pay get a flexible and comprehensive insurance coverage.
Posted: Oct 13, 2024
Claims technology veteran Ken Tolson will serve as CEO of the new company.
Posted: Oct 13, 2024
Currently, the company is licensed in 48 states and the District of Columbia.
Posted: Oct 13, 2024
This marks the 24th consecutive year Foresters has maintained this rating.
Posted: Oct 13, 2024
Insurance Business Magazine - US
Posted: Oct 11, 2024
Insurance Business Magazine - US
Posted: Oct 11, 2024
Insurance Business Magazine - US
Posted: Oct 11, 2024
Homeowners Insurers Argue for a 42% Average Rate Hike in North Carolina With many western North Carol...
Posted: Oct 11, 2024
New App Developed by USF Researchers Tracked Coastal Flooding During Hurricane Helene A web-base...
Posted: Oct 11, 2024
Posted: Oct 11, 2024
The latest people news in the industry today. The post Will Thomas-Ferrand to Lead Marsh’s Captive Insurance Business appeared f...
Posted: Oct 11, 2024
The latest people news in the industry today. The post Pete Galla Joins Alliant Insurance S...
Posted: Oct 11, 2024
The latest people news in the industry today. The post Jeremy Gallant and Bradley Parrish Promoted to Senior Vic...
Posted: Oct 11, 2024
A follow-up inspection by federal workplace safety investigators in April 2024 found a Janesville, Wisconsin recycling company continuing to expose employees to unsafe levels of lead and cadmium while they dismantled cathode ray tubes from older TVs,...
Posted: Oct 11, 2024
Inszone Insurance Services announced its acquisition of San Antonio Insurance Services, Texas-based agency known for its strong focus on trucking insurance and a broad array of property and casualty solutions. Founded in 2012 as a mother-daughter age...
Posted: Oct 11, 2024