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Acrisure names Robin Benoit as Chief People Officer following interim tenure

Reinsurance News

Acrisure has announced that Robin Benoit will officially assume the role of Chief People Officer on September 29, 2024, after serving in an interim capacity since March. According to the firm, Benoit will oversee the strategic direction of its hum...

Posted: Sep 27, 2024

Policing Group Says Officers Must Change Use of Physical Force

Insurance Journal

An influential group of law enforcement leaders is pushing police departments across the U.S. to change how officers use force when they subdue people and to improve training so they avoid “consistent blind spots” that have contributed to...

Posted: Sep 27, 2024

Zillow Listings Will Now Highlight Climate Risks, Insurance Info

Insurance Journal

For-sale listings on Zillow will now feature detailed climate risk information for five key categories — flood, wildfire, wind, heat and air quality — along with insurance recommendations, according to the online real estate company. The climate risk...

Posted: Sep 27, 2024

Report: Cybersecurity Claims for Data Loss Vary Broadly

Insurance Journal

Cybersecurity claims reported in recent years vary sharply, with larger claims reaching $500 million of data loss and smaller claims as low $1,000. NetDilligence released its annual report, which analyzes 10,464 claims from incidents between 2019 and...

Posted: Sep 27, 2024

Ransomware, Email Compromise Leading Causes of Cyber Loss: NetDiligence

Insurance Journal

Cybersecurity claims reported in recent years vary sharply, with larger claims reaching $500 million of data loss and smaller claims as low $1,000. NetDilligence released its annual report, which analyzes 10,464 claims from incidents between 2019 and...

Posted: Sep 27, 2024

Chemical Board Still Probing Tennessee Nitriding Plant Blast That Killed Worker

Insurance Journal

Federal safety officials said that almost four months after a fatal explosion at a steel-hardening facility in Tennessee, teams are still trying to determine the exact cause of the incident. One worker was killed in the explosion at the Techniques &#...

Posted: Sep 27, 2024

Appellate Judges Skeptical of New York Civil Fraud Case Against Trump

Insurance Journal

Appeals court judges signaled skepticism on Thursday toward the civil fraud case brought by New York state against Donald Trump as the former president asked them to toss a nearly half-billion dollar judgment against him over real estate business pra...

Posted: Sep 27, 2024

Young professionals see insurance as outdated, urging perception shift: report

Reinsurance News

The insurance industry is facing a recruitment challenge, driven by an ageing workforce nearing retirement and a dwindling talent pipeline, according to The Re Report by Free Partners LLP, a consulting firm specialising in research and strategic i...

Posted: Sep 27, 2024

Connecticut Flood Recovery Centers for Small Businesses Now Open

Insurance Journal

Connecticut Governor Ned Lamont announced that the U.S. Small Business Administration (SBA) has opened two business recovery centers that are now providing in-person assistance to businesses applying for federal disaster aid for damages incurred caus...

Posted: Sep 27, 2024

Pac-12 Files Suit Against Mountain West Over $43 in ‘Poaching’ Penalties

Insurance Journal

The Pac-12 is suing the Mountain West over what it calls an unlawful and unenforceable “poaching penalty” that would cost the rebuilding conference more than $40 million for adding Boise State, Fresno State, Colorado State and San Diego S...

Posted: Sep 27, 2024

Pac-12 Files Suit Against Mountain West Over $40M in ‘Poaching’ Penalties

Insurance Journal

The Pac-12 is suing the Mountain West over what it calls an unlawful and unenforceable “poaching penalty” that would cost the rebuilding conference more than $40 million for adding Boise State, Fresno State, Colorado State and San Diego S...

Posted: Sep 27, 2024

New York City Weighs Slashing Cab Insurance 75% to $50,000 to Aid Drivers

Insurance Journal

The New York City Council will introduce legislation this week that would drastically reduce the amount of insurance coverage taxi and ride-share vehicles are required to maintain, looking to contain potential fallout from the insolvency of the city&...

Posted: Sep 27, 2024

US Court Says Man Can Sue Pennsylvania Over 26 Years of Solitary Confinement

Insurance Journal

A man who spent 26 years in solitary confinement despite a history of mental illness can sue Pennsylvania prison officials for alleged cruel and unusual punishment, a U.S. appeals court said in reviving the man’s lawsuit. Roy Lee Williams spent...

Posted: Sep 27, 2024

Colorado Battles Hotel, Restaurant Industry Trade Groups Over Climate Rules

Insurance Journal

When it comes to climate change, there are two Chipotles. One is the fast-casual burrito chain with a focus on sustainable ingredients, an app that lets customers track the carbon footprint of their orders and a goal to halve its …

Posted: Sep 27, 2024

Streamlining Policy Issuance and Servicing with BPO: Key Benefits for Insurance Carriers

Insurance Journal

This post is part of a series sponsored by Selectsys. In the ever-evolving insurance industry, efficiency and accuracy in policy issuance and servicing are crucial to maintaining competitiveness and delivering a superior customer experience. Insuranc...

Posted: Sep 26, 2024

Can Carriers Tell If a Client Had a Policy Canceled for Nonpayment?

IA Magazine

If a client’s policy is cancelled for nonpayment—whether intentional or not—would it impact that client’s ability to get another policy?

Posted: Sep 26, 2024

Are AI Innovation Platforms the Future for Insurers?

IIR

AI innovation platforms that can streamline the development and deployment of applications across various platforms and devices will deliver reduced complexity, better customer experience, and operational excellence.

Posted: Sep 26, 2024

Demex’s Parametric Solution for Secondary Perils: Q&A with CEO Bill Clark

IIR

The Munich Re spinoff has developed loss accumulation models for the underserved niche of U.S. insurance carriers struggling to find reinsurance solutions for secondary peril losses.

Posted: Sep 26, 2024

Commercial Properties in Helene’s Direct Path Identified by Moody’s

Carrier Management

Commercial Properties in Helene’s Direct Path Identif...

Posted: Sep 26, 2024

Acrisure establishes new unit in Bermuda

coverager

Paul Scope has joined the company to serve as CEO of this entity.

Posted: Sep 26, 2024

Reebelo partners with SquareTrade

coverager

Reebelo is a marketplace for refurbished goods.

Posted: Sep 26, 2024

Gladly secures $40 million in funding led by AVP

coverager

Gladly’s Customer Service Platform aggregates all customer interactions, regardless of channel, into a single lifelong customer record that powers both AI and agent-led support, leading to more personalized and efficient service.

Posted: Sep 26, 2024

Zillow adds climate risk data to its real estate listings

coverager

Climate risk information will be available on the Zillow app for iOS and on the Zillow website by the end of the year.

Posted: Sep 26, 2024

Diamonds Direct partners with Jewelers Mutual

coverager

Diamonds Direct now offers its customers access to jewelry insurance directly through Luxsurance® powered by Jewelers Mutual.

Posted: Sep 26, 2024

Tellez promoted at Mutual of Omaha

coverager

Tellez earned a bachelor’s degree from Buena Vista University.

Posted: Sep 26, 2024

Zillow Listings Will Now Highlight 5 Key Climate Risks, Insurance Info

Carrier Management

Zillow Listings Will Now Highlight 5 Key Climate Risks, Insurance Info For-sale listings on Zillow...

Posted: Sep 26, 2024

E&S Lines See Growth Driven by Admitted Markets’ Declining Capacity: Triple-I

Carrier Management

E&S Lines See Growth Driven by Admitted Markets’ Declining Capacity: Triple-I A surge in double-digit percentage...

Posted: Sep 26, 2024

CARFAX: Nearly 90,000 Cars Damaged in Summer Floods

Carrier Management

CARFAX: Nearly 90,000 Cars Damaged in Summer Floods After a serie...

Posted: Sep 26, 2024

Deadly Central Europe Flooding Made Twice as Likely by Climate Change

Carrier Management

Deadly Central Europe Flooding Made Twice as Likely by Climate Change Human-caused climate change doubl...

Posted: Sep 26, 2024

Columbia Insurance to Transfer Personal Auto, Umbrella Books to Safeco

Insurance Journal

Safeco Insurance, a Boston-based Liberty Mutual Insurance company, said it has entered into a book transfer agreement with Columbia Insurance Group, a Central and Midwest regional carrier. Under the agreement, mutual insurer Columbia will transfer it...

Posted: Sep 26, 2024

Damage Predictions Mount as Helene Strengthens: Atlanta in Its Path

Insurance Journal

As Hurricane Helene gains strength in the unusually warm waters of the northern Gulf of Mexico, forecasters, claims adjusting firms and analytics experts are warning that the storm could be more damaging than other recent storms that hit the same &#8...

Posted: Sep 26, 2024

Chemical Leak Prompts Evacuation Order in Ohio Town

Insurance Journal

CLEVES, Ohio (AP) — Students in school buildings and residents in neighboring homes were told to evacuate after a dangerous chemical began leaking from a railcar Tuesday near Cincinnati. Aerial video showed firefighters spraying down the car, which w...

Posted: Sep 26, 2024

Amwins Commits $100K Towards Univ. of Louisiana Monroe RMI Program

Insurance Journal

Amwins has recommitted to giving the University of Louisiana Monroe’s Risk Management and Insurance program by donating $100,000 over 10 years. Amwins and ULM held a check presentation to commemorate the donation on September 17. David Lavins,...

Posted: Sep 26, 2024

Inszone Acquires First West Insurance Agency in California

Insurance Journal

Inszone Insurance Services acquired First West Insurance Agency in Huntington Beach, California. Originally established in 1968 as Shearer Insurance, the firm merged in 1979 with First West Insurance Agency. Owners Phil and Kristen Shearer will remai...

Posted: Sep 26, 2024

Role of re/insurance when facing nat cats is clear despite concerns of uninsurable risks: Guernsey F...

Reinsurance News

With the increase of extreme natural catastrophes, the importance of re/insurance in providing creative risk management solutions for climate-related disasters has become clear despite concerns that some of these risks can be uninsurable, Rupert P...

Posted: Sep 26, 2024