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FTI Consulting Strengthens Global Insurance Services Practice with Senior Hire

IIR

The former New York State Department of Financial Services executive joins as senior managing director.

Posted: Oct 07, 2024

Blink Parametric Partners with Berlin Direkt Versicherung

IIR

The German insurer will offer a new travel insurance bundle including flight disruption coverage and real-time lost luggage assistance.

Posted: Oct 07, 2024

Hurricane Helene Demands a Rethink

Insurance Thought Leadership

Hurricane Helene Demands a Rethink PaulCarroll

Posted: Oct 07, 2024

FM partners with Boston Common Golf

coverager

FM is a commercial property insurer.

Posted: Oct 07, 2024

Tesla reports Q3 2024 production

coverager

Tesla is scheduled to release its full Q3 financial results after market close on October 23, 2024.

Posted: Oct 07, 2024

Heritage Insurance vs. 60 Minutes

coverager

Keith joins Medica from Walmart.

Posted: Oct 07, 2024

Hurricane Milton Ramping Up to Cat 5

Carrier Management

Hurricane Milton Ramping Up to Cat 5 The latest advisory from the National Hurricane Center indicates...

Posted: Oct 07, 2024

AM Best: Temporary Extension Protects NFIP Through Hurricane Season, Private Flood Insurers Wary

Carrier Management

AM Best: Temporary Extension Protects NFIP Through Hurricane Season, Private Flood Insurers Wary Th...

Posted: Oct 07, 2024

TIH and Starwind launch Fractal Re

coverager

Fractal Re will participate in a diversified portfolio of casualty and specialty risks underwritten by Starwind.

Posted: Oct 07, 2024

Aegon appoints Michele Bareggi as Chief Strategy, Transformation & Growth Officer

coverager

Michele succeeds Duncan Russell who took on the role of CFO in September 2024. 

Posted: Oct 07, 2024

Zego to stop offering its B2B product

coverager

FM is a commercial property insurer.

Posted: Oct 07, 2024

U.S. D&O Insurance Profitable Despite Falling Premiums

Risk & Insurance

Declining premiums and accelerating price deterioration pose potential performance challenges for the profitable U.S. D&O liability insurance segment, Fitch Ratings reports. The post

Posted: Oct 07, 2024

Climate Change at Forefront of U.S. Presidential Campaign After Hurricane Helene

Carrier Management

Climate Change at Forefront of U.S. Presidential Campaign After Hurricane Helene The devastation wrough...

Posted: Oct 07, 2024

Uber, Lyft Bid to Avoid California Driver Lawsuits Over Misclassification Rebuffed by U.S. Supreme C...

Carrier Management

Uber, Lyft Bid to Avoid California Driver Lawsuits Over Misclass...

Posted: Oct 07, 2024

People Moves: Coalition Appoints AIG’s Simonsen as European Head of Insurance

Insurance Journal

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, has appointed Tine Simonsen as the company’s head of Insurance for Continental Europe. As an experienced cyber underwriter and broking leader, Simonsen wil...

Posted: Oct 07, 2024

AM Best Downgrades Credit Rating of Shelter Mutual

Insurance Journal

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Shelter Mutual Insurance Company (Shelter...

Posted: Oct 07, 2024

Bowen, Miclette & Britt Acquires Texas’ M Surety Services

Insurance Journal

Bowen, Miclette & Britt Insurance Agency, LLC (BMB) has completed the acquisition of M Surety Services, a provider of contract surety bonds. BMB said the acquisition further strengthens its position in the surety bond market, following a series o...

Posted: Oct 07, 2024

MNK Group Launches Labuan, Malaysia-Based Reinsurance Unit

Insurance Journal

MNK Group has launched a specialty reinsurance subsidiary in Labuan, Malaysia, called Pt Mekong Re. The business will offer flexible reinsurance solutions across Asia Pacific in addition to South Asia, the Gulf Cooperation Council (CGC) and Eastern E...

Posted: Oct 07, 2024

Baltimore Unveils Details of $45M Opioid Litigation Settlement With Walgreens

Insurance Journal

Baltimore Mayor Brandon M. Scott has unveiled the terms of the settlement reached last month with Walgreens to resolve the city’s claims against the company for its role in fueling the opioid epidemic in Baltimore. The city also said it …

Posted: Oct 07, 2024

US Supreme Court Rebuffs Uber, Lyft Bid to Avoid California Driver Suits

Insurance Journal

The U.S. Supreme Court declined on Monday to hear a challenge by Uber and Lyft to lawsuits by the state of California on behalf of drivers who signed agreements to keep legal disputes with the ride-hailing companies out of court …

Posted: Oct 07, 2024

People Moves: Walsh Joins Lockton as New England Market Leader

Insurance Journal

Lockton, headquartered in Kansas City, Missouri, named Michael Walsh to the company’s Northeast region team as its New England market leader, property/casualty, focusing on the greater Boston market. Walsh has over 20 years of experience in var...

Posted: Oct 07, 2024

Teen Concedes Cutting Off Tanker in Crash That Killed 5 in Illinois

Insurance Journal

SPRINGFIELD, Ill. (AP) — A federal report on a tanker-truck crash a year ago in central Illinois that spilled a toxic chemical and killed five people includes an interview with a 17-year-old Ohio girl who concedes that the truck was …

Posted: Oct 07, 2024

Milton landfall along central west coast of Florida will be a major event for re/insurers: BMS

Reinsurance News

Hurricane Milton is now a Category 5 with maximum sustained winds estimated at 160 mph with higher gusts, and while there remains much uncertainty as to how strong Milton will be at landfall and the exact location of this, BMS Group’s Andrew...

Posted: Oct 07, 2024

FTI Consulting expands Global Insurance Services with Maria Filipakis as Senior Managing Director

Reinsurance News

FTI Consulting, Inc., a business advisory firm, has announced the expansion of its Global Insurance Services practice with the appointment of Maria Filipakis as a Senior Managing Director in the company’s Forensic and Litigation Consulting segment...

Posted: Oct 07, 2024

Supreme Court Rejects ‘Pharma Bro’ Shkreli’s Appeal of $64.6 Million Penalty

Insurance Journal

The U.S. Supreme Court declined on Monday to hear former pharmaceutical company CEO Martin Shkreli’s challenge to a $64.6 million financial penalty imposed by a judge after he raised a lifesaving drug’s price by more than 4,000%. The just...

Posted: Oct 07, 2024

How MGAs can boost speed to market strategies

coverager

Insights from industry experts on how MGAs can navigate the systems challenges that hinder efficiency.

Posted: Oct 07, 2024

Acrisure Re expands international reinsurance division with new appointment

coverager

The company announced the appointment of Peter Sharpe as the new Head of the London-based Specialty Reinsurance team.

Posted: Oct 07, 2024

Zego exits commercial business

coverager

Fractal Re will participate in a diversified portfolio of casualty and specialty risks underwritten by Starwind.

Posted: Oct 07, 2024

Cyber insurance demand to rise as new threats emerge, says Bloomberg Intelligence

Reinsurance News

Bloomberg Intelligence reveals that demand for cyber insurance is set to grow amid a series of high-profile cyber attacks. Analysts noted that Beazley, the specialist cyber insurance provider, sees 18% compound annual growth for that cover in 2024...

Posted: Oct 07, 2024

Inside the Caroline Mountain Town that Helene Nearly Wiped Off the Map

Insurance Journal

CHIMNEY ROCK VILLAGE, N.C. (AP) — The stone tower that gave this place its name was nearly a half billion years in the making — heated and thrust upward from deep in the Earth, then carved and eroded by wind …

Posted: Oct 07, 2024