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Insurance Business Magazine - US
Posted: Oct 10, 2024
Canopy Connect and MarshBerry announce a new strategic partnership developed to enhance FirstChoice, a MarshBerry Company (FirstChoice), membership’s ability to efficiently and effectively intake insurance data.
Posted: Oct 10, 2024
Davies’ new operational center will provide scalable claims TPA and loss adjusting solutions for the Lloyd’s of London Market as well as Italian & global insurers with operations in Italy.
Posted: Oct 10, 2024
The Canopy Group specializes in personal lines and commercial property and casualty insurance for small businesses.
Posted: Oct 10, 2024
Mylo will offer insurance solutions to approximately 1,000 emerging franchises.
Posted: Oct 10, 2024
This new growth capital will enable Beam to continue to scale operations and fund growth initiatives.
Posted: Oct 10, 2024
First MainStreet Insurance L.C. (FMSI) announced addition of two new agencies, one in Minnesota and the other in Iowa. Joining in September was Kozlowski Insurance Agency, headquartered in Pipestone, Minnesota and two satellite offices in Luverne, MN...
Posted: Oct 10, 2024
Exxon Mobil Corp. won the right to pump carbon dioxide beneath Texas state waters in the Gulf of Mexico, in what will be the largest concession of its kind in the US. The lease granted by the Texas General Land …
Posted: Oct 10, 2024
Johnson & Johnson’s bold move to skirt a US court in New Jersey and seek a potentially friendlier venue in Texas to settle claims its baby powder gave women cancer faces a key decision as soon as Thursday. A federal …
Posted: Oct 10, 2024
It wasn’t immediately clear what chemicals erupted into the air from the Channelview fire. The most anyone knew was that the large plume of black smoke billowing across the late afternoon sky — visible for miles just east of Houston …
Posted: Oct 10, 2024
Michael Vecchio, age 50, of Sioux Center was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) and Todd Meendering, age 61, of Boyden was charged with one count of Insurance Fraud – Conspiracy (Class …
Posted: Oct 10, 2024
Hurricane Milton made landfall Wednesday night, centered near Sarasota as a Category 3 storm with maximum sustained winds of 120 mph, a less-powerful storm than had been feared but one that brought some storm surge, flooding, multiple tornadoes and p...
Posted: Oct 10, 2024
After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted as recently as Wednesday. Estimates that had indicated the bonds would lose as much as 15% have now been replaced...
Posted: Oct 10, 2024
AXIS Capital Holdings Limited, a provider of specialty insurance and reinsurance solutions, has announced new leadership appointments for its Irish legal entities, AXIS Re SE and AXIS Specialty Europe SE, both based in Ireland and regulated by the...
Posted: Oct 10, 2024
WTW characterized commercial insurance rates as balances and stable but, as Hurricane Milton approached, the broker warned of upcoming disruption. “The current state of affairs might only be one major hurricane away from being upended, and with...
Posted: Oct 10, 2024
Howden Re, the reinsurance arm of Howden, has announced the hire of Grange Turner and Tom Finch who will be joining its Motor Reinsurance and Prospective Capital Solutions, respectively. Sebastian Cook, Deputy CEO, Howden Re International, comment...
Posted: Oct 10, 2024
Global insurance and reinsurance broker Aon has announced the appointment of Emma Crookes as Global Head of the insurance vertical. The insurance vertical delivers Aon’s full range of capabilities to re/insurance clients, offering relevant insight...
Posted: Oct 10, 2024
Hurricane Milton can still drive property catastrophe reinsurance prices higher at January 1 renewals, but perhaps only at a low pace, analysts at Keefe, Bruyette & Woods (KBW) suggest. Late last night Hurricane Milton made landfall as a Categ...
Posted: Oct 10, 2024
A series of Russian missile strikes on Ukrainian Black Sea port infrastructure and commercial vessels has led to a jump in insurance costs and forced some shipowners to cancel bookings, insurance sources and a broker said on Thursday. Russian ballist...
Posted: Oct 10, 2024
As wildfires continue to pose significant challenges for the insurance industry, innovative technologies are emerging to address this growing threat. The post
Posted: Oct 10, 2024
Zurich North America, a commercial property and casualty insurer, has appointed Nora Hattauer as Head of Financial Lines for its U.S. National Accounts and Middle Market businesses. Based in Atlanta, Hattauer will oversee the direction, management...
Posted: Oct 10, 2024
The new program leverages Floodbase's AI monitoring technology to offer scalable payouts based on the severity of flooding.
Posted: Oct 10, 2024
The company plans to begin underwriting in 2025.
Posted: Oct 10, 2024
Phillip brings over 25 of experience in the insurance industry, with a strong background in accident and health underwriting, product development, and market expansion.
Posted: Oct 10, 2024
Insurance Business Magazine - US
Posted: Oct 10, 2024
S&P Global Ratings said potential losses from Hurricane Milton could fully deplete the 2024 natural catastrophe budgets for rated U.S. property/casualty insurers, affecting underwriting margins and earnings. In a report titled “Hurricane Mi...
Posted: Oct 10, 2024
Six months after a three-judge panel of the Delaware Supreme Court said an insurance agency deserved another shot at proving its claims of professional negligence against a law firm, the full state high court has agreed. On October 8, the …
Posted: Oct 10, 2024
Munich Re Specialty, part of the Munich Re Group insurance operations, has established a Spanish branch of Munich Re Risk Solutions Ireland Limited, making its first steps into commercial market for primary specialty insurance in the country. The...
Posted: Oct 10, 2024
PGIM Multi-Asset Solutions (PMA), the solutions specialist of PGIM, has announced the appointment of Mao Dong as Co-Head of Portfolio Management. PGIM was recently selected as the asset manager for an $11 billion reinsurance transaction by Prudent...
Posted: Oct 10, 2024
A new study conducted by insurance and reinsurance broking group Aon and the National Center for the Middle Market (NCMM), has revealed two key trends that are supporting the growth of middle market businesses: workforce dynamics and technology ad...
Posted: Oct 10, 2024
Hurricane Milton Has Reshaped Storm Science Even Before Making Landfall Long after the winds...
Posted: Oct 10, 2024
Hurricane Milton Spawns Tornadoes, Leaves Millions Without Power in Florida Hurricane Milton marched ac...
Posted: Oct 10, 2024
The insurance industry faces significant challenges in covering catastrophic risks, especially as climate change drives more extreme weather events. With soaring premiums and increasing exclusions, the need for an accurate assessment of these risks i...
Posted: Oct 10, 2024
Britain on Thursday launched a trade sanctions unit with new powers to penalize companies that fail to comply with restrictions on exporting services to Russia. Britain has announced sanctions on more than 20 billion pounds ($26 billion) worth of tra...
Posted: Oct 10, 2024
As the US presidential election approaches, the potential for political violence, including large-scale protests, is increasing due to the current volatile political landscape, according to data from Verisk’s global risk unit. This election is one...
Posted: Oct 10, 2024
This edition of International People Moves details appointments at the insurance broker Miller and the insurer Markel. A summary of these new hires follows here. Miller Promotes Nagle to Head of Miller Europe, Succeeding Holloway Miller, the London-b...
Posted: Oct 10, 2024
The Lloyd’s insurance market’s only product writing cover for the rescue of miners trapped underground has more than doubled its available cover from $10 million to $25 million with a launch of a new consortium led by AEGIS London. AEGIS...
Posted: Oct 10, 2024
Blue Ocean Reinsurance Group, the newly established managing general agent (MGA) platform, has added three key professionals to its expanding team: Nico Kleine Punte, joins the leadership group to oversee the firm’s accounting operations, De...
Posted: Oct 10, 2024
With Hurricane Milton recently making landfall near Sarasota, Florida, as a Category 3 major hurricane, Icosa Investments has updated its estimates for insured losses to between $20 billion and $60 billion, adding the range is still subject to cha...
Posted: Oct 10, 2024