All Posts

HDI partners with Flight Safety Foundation to strengthen pro-active risk management

Reinsurance News

To enhance the operational safety of its aviation clients, global insurance provider HDI has established a collaborative partnership with the Flight Safety Foundation’s Basic Aviation Risk Standard (BARS) Program. As a BARS Member Organizati...

Posted: Oct 11, 2024

As industry losses from Milton rise, more will flow to reinsurers: Moody’s

Reinsurance News

A new report from Moody’s has suggested that insured losses from Hurricane Milton will affect both primary insurers and the reinsurance sector, with the proportion of losses ceded to reinsurers increasing as losses increase. Milton made land...

Posted: Oct 11, 2024

Cybersecurity and regulation identified as top risks for the TMT sector: WTW

Reinsurance News

Cyber and data privacy have emerged as the top risks in the technology, media, and telecom (TMT) sectors, which are increasingly relying on innovations like artificial intelligence (AI) to drive growth, according to a recent report by WTW. The rep...

Posted: Oct 11, 2024

Fecal Contamination in Perrier Well Adds to $300 Billion Sector’s Hurdles

Insurance Journal

In the arid highlands near the town of Vergèze in southern France, the sun beats down on a small stone house as the buzz of cicadas fills the air. Until a few months ago, beneath this tile-roofed structure, a pump …

Posted: Oct 11, 2024

Perrier Well Contamination Sparks Scrutiny for Luxe Water Brand

Insurance Journal

In the arid highlands near the town of Vergèze in southern France, the sun beats down on a small stone house as the buzz of cicadas fills the air. Until a few months ago, beneath this tile-roofed structure, a pump …

Posted: Oct 11, 2024

Tim Nagle promotes as the Head of Miller Europe

Reinsurance News

Independent specialist insurance and reinsurance broker Miller has promoted Tim Nagle as Head of Miller Europe. Nagle joined the broker in 2020, his additional responsibilities will include building on his relationships with Miller’s European part...

Posted: Oct 11, 2024

Fresh Appetite for Risk Can Help Arrest Britain’s Downward Spiral, Think Tank Says

Insurance Journal

Britain’s decade-long economic downward spiral could be reversed with a fresh appetite for risk that might help boost annual investment by a required 100 billion pounds ($131 billion) over the next decade, a leading think tank said on Friday. I...

Posted: Oct 11, 2024

People Moves: Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines; Aon Promotes Leaders Within...

Insurance Journal

Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines Zurich North America hired Nora Hattauer as head of financial lines for Zurich’s U.S. national accounts and middle market businesses. Hattauer officially starts her role at Zurich o...

Posted: Oct 11, 2024

People Moves: Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines; Aon Promotions in Financial...

Insurance Journal

Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines Zurich North America hired Nora Hattauer as head of financial lines for Zurich’s U.S. national accounts and middle market businesses. Hattauer officially starts her role at Zurich o...

Posted: Oct 11, 2024

Resilience in Florida’s property insurance market amid hurricane challenges

Reinsurance News

After Hurricanes Helene and Milton made landfall along Florida’s coast, Insurance Commissioner Michael Yaworsky shared encouraging updates regarding the state’s property insurance market. Recent announcements from Progressive, State Farm, and the...

Posted: Oct 11, 2024

Howden Alleged to Have Poached Insurance Rival’s Team in UK Suit

Insurance Journal

One of the UK’s top insurers is accused of using a team of “recruiting sergeants” to poach talent from a rival that led to mass resignations in Brazil and London. Aon UK Ltd. sued Howden Group Holdings Ltd. in the …

Posted: Oct 11, 2024

Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows

Insurance Journal

Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber insurance provider. Coalition published its 2024 Cyber Claims Report: Mid-Year Update, which details emerging cyber trends and their impact...

Posted: Oct 11, 2024

CRC Group continues expansion plans with three new hires

Reinsurance News

CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointments of three new professionals to its team. Sam Sigmon has been appointed as an underwriter in CRC Group’s Dallas, TX (Walnut Hill) office. He join...

Posted: Oct 11, 2024

Group of Scientists Say Climate Change Drove Helene Impacts

Insurance Journal

Climate change was a key driver of the devastating impacts of Hurricane Helene, a group of scientists said this week. Hurricane Helene made landfall as a Category 4 major hurricane west-southwest of Perry, Taylor County, Florida on Sept. 27, with &#8...

Posted: Oct 11, 2024

Anaheim Marriott Cited $12.5M for Violating California Worker Recall Law

Insurance Journal

A state investigation found that Anaheim Marriott hotel violated California’s worker recall law, resulting in estimated damages for the violations of $12.5 million. The damages will go to 28 workers who were laid off during the pandemic and wer...

Posted: Oct 11, 2024

Distinguished and Berkley Program Specialists expand partnership

Reinsurance News

Distinguished Programs, a national insurance program manager, announced an expanded partnership with Berkley Program Specialists, to underwrite its Community Associations Crime and D&O products. Starting January 1, 2025, Distinguished will ini...

Posted: Oct 11, 2024

Former California Agent Pleads Guilty to 90 Counts of Insurance Fraud

Insurance Journal

A former insurance broker has pleaded guilty to a number of charges including insurance fraud for collecting premiums without placing coverage. Karen Marie Dondanville, 56, a former broker from Mission Viejo, pleaded guilty to 90 counts including gra...

Posted: Oct 11, 2024

Ex-New York Fire Chief Pleads Guilty to Accepting Bribes to Speed Inspections

Insurance Journal

A former New York City Fire Department chief pleaded guilty Tuesday to a federal conspiracy charge, admitting that he and others solicited tens of thousands of dollars over two years to give preferential treatment in scheduling safety inspections. Br...

Posted: Oct 11, 2024

American Water Cyberattack Renews Focus on Protecting Critical Infrastructure

Insurance Journal

A cyberattack continues to affect the largest regulated water and wastewater utility company in the United States, renewing a focus on the importance of protecting critical infrastructure sites. New Jersey-based American Water paused billing to custo...

Posted: Oct 11, 2024

Second Umpire Sues MLB, Alleges Retaliation for Sexual Assault Complaint

Insurance Journal

A second minor league umpire joined a lawsuit against Major League Baseball, alleging he was fired after he reported he was sexually assaulted by a female umpire. Brandon Cooper, an umpire who worked in the minor league Arizona Complex League …

Posted: Oct 11, 2024

Transforming Cyber and Tech E&O Insurance with Our RQB Platform

Insurance Journal

This post is part of a series sponsored by Selectsys. The demand for Cyber and Technology Errors & Omissions (Tech E&O) insurance is rapidly growing as businesses face an increasing array of digital threats and regulatory challenges. To stay...

Posted: Oct 10, 2024

Louisiana Contractor Charged for Allegedly Damaging Homeowners’ Roof

Insurance Journal

On an early August morning, a roofing contractor arrived at a Lafayette, Louisiana couple’s house and requested permission to inspect the home’s roof. The roofer’s arrival wasn’t unexpected. The couple, who go by Jordan and Sa...

Posted: Oct 10, 2024

Coterie Insurance Now Offers Commercial Cyber Insurance to Address Emerging Risks

coverager

“Now Coterie users can easily add cyber insurance to new policies quickly and efficiently, further safeguarding their small business clients," said Bobbie Collies, Chief Insurance Officer at Coterie Insurance.

Posted: Oct 10, 2024

InsurTech100 – Five Sigma Recognized as a Leading Insurance Technology Innovator by Fintech Global

coverager

Five Sigma, a leading AI-native SaaS claims management software company, has been recognized by research firm FinTech Global as one of the most innovative companies in the insurance technology sector for 2024 in the prestigious InsurTech 100 list.

Posted: Oct 10, 2024

Catastrophe Bonds Dodge Worst-Case Scenario After Milton

Carrier Management

Catastrophe Bonds Dodge Worst-Case Scenario After Milton After fearing the worst fr...

Posted: Oct 10, 2024

Can a Property Manager Be an Additional Insured on Landlord’s DP3 Policy?

IA Magazine

A landlord’s property management firm wants to be added as an additional insured to the policy, but the carrier requires that the property manager is listed on the deed.

Posted: Oct 10, 2024

Sollers Consoluting Names Brian Moore Head of North America

IIR

The former Convr Chief Customer Officer will be responsible for customer success and business development in the U.S. insurance industry.

Posted: Oct 10, 2024

EIS Partners with AbsenceSoft to Enhance Disability and Absence Management

IIR

The unified solution is purpose-built to address the comprehensive needs of both HR depts and Group & Voluntary Benefits carriers.

Posted: Oct 10, 2024

Court Orders Start to Expose ‘Startling’ Data on Litigation Funding Sources

Carrier Management

Court Orders Start to Expose ‘Startling’ Data on Litigation Funding Sources There is no federal law that requ...

Posted: Oct 10, 2024

Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows

Carrier Management

Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows Ransomware claims sev...

Posted: Oct 10, 2024

COVU raises $12.5 million

coverager

The funding will enable COVU to further enhance its platform.

Posted: Oct 10, 2024

Farther raises $72 million

coverager

The new round gives the startup a post-money valuation of $542 million.

Posted: Oct 10, 2024

CrashBay partners with Turo

coverager

This collaboration allows Turo hosts to access CrashBay’s network of certified repair shops.

Posted: Oct 10, 2024

Unlock the Full Potential of State-Certified Managed Care Plans

Risk & Insurance

Unlock the full potential of state-certified managed care plans with Enlyte's free comprehensive guide. The post Unlock the Full Potent...

Posted: Oct 10, 2024

5 Dead After Small Plane Crashes on Island off Southern California Coast

Insurance Journal

Five people were killed when a small plane crashed during takeoff from Santa Catalina Island off the Southern California coast, authorities said. The twin-engine Beechcraft 95 crashed shortly after 8 p.m. Tuesday, just moments after it departed from...

Posted: Oct 10, 2024

Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s

Carrier Management

Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s T...

Posted: Oct 10, 2024