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India Insurer Star Health Sues Telegram After Hacker Uses App’s Chatbots to Leak Data

Insurance Journal

Top Indian insurer Star Health has sued Telegram and a self-styled hacker after Reuters reported that the hacker was using chatbots on the messaging app to leak personal data and medical reports of policy holders. Star has received a temporary &#8230...

Posted: Sep 26, 2024

AXA XL promotes Peter Ukstins to lead Construction Risk Engineering, Americas

Reinsurance News

AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has announced the promotion of Peter Ukstins to lead its Construction Risk Engineering team in the Americas. Donna Nadeau, Head of Large Commercial at...

Posted: Sep 26, 2024

Lloyd’s and the World Bank Group target increased guarantee issuance

Reinsurance News

Lloyd’s, the specialist insurance and reinsurance marketplace, has partnered with the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) in an effort to boost annual guarantee issuance to $20 billion by 2030. For this i...

Posted: Sep 26, 2024

Sompo expands UK presence with marine insurance proposition

Reinsurance News

Sompo, a global provider of commercial and consumer property and casualty re/insurance, has launched a new national marine insurance proposition for the United Kingdom. This new policy will allow the insurer, for the first time, to write Marine Ca...

Posted: Sep 26, 2024

Monarch E&S Insurance & Obsidian Insurance enhance Knight Protector

Reinsurance News

Monarch E&S Insurance Services, a Specialty Program Group LLC subsidiary, in partnership with Obsidian Insurance Holdings, an insurance holding company, to launch an enhanced and exclusive personal umbrella policy, the Knight Protector. This c...

Posted: Sep 26, 2024

Applied Underwriters’ leaders attribute market gains to top talent and executive advancement

Reinsurance News

Applied Underwriters, a provider of insurance solutions, has recently experienced growth, strong underwriting results, and expanded market presence. According to the company’s leaders, these achievements are due to strategic hiring of high perform...

Posted: Sep 26, 2024

Why US Home Insurance Rates Are Rising Fast – Climate Change Plays a Big Role

Insurance Journal

Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. To...

Posted: Sep 26, 2024

State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P

Insurance Journal

State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis. The outlier result came even as …

Posted: Sep 26, 2024

Investigators Arrest Suspect From Washington Insurance Commissioner’s Most Wanted List

Insurance Journal

An Everett woman on Washington Insurance Commissioner Mike Kreidler’s Insurance Fraud Most Wanted list who failed to appear for her arraignment has been arrested. Shawndlyn Williams, who also goes by Shawndlyn Dyson, was charged by the King Cou...

Posted: Sep 26, 2024

Woman Arrested From Washington Insurance Commissioner’s Most Wanted List

Insurance Journal

An Everett woman on Washington Insurance Commissioner Mike Kreidler’s Insurance Fraud Most Wanted list who failed to appear for her arraignment has been arrested. Shawndlyn Williams, who also goes by Shawndlyn Dyson, was charged by the King Cou...

Posted: Sep 26, 2024

Demex Group’s Chief Scientist to lead Industry Advisory Board of Center for the research of convecti...

Reinsurance News

Stephen Bennett, Demex Group’s Chief Scientist, a risk analytics and intelligence company offering reinsurance solutions for severe convective storms, is to lead the Industry Advisory Board for a new Cooperative Center for Interdisciplinary...

Posted: Sep 26, 2024

Passenger Killed When Horse Smashed Through Windshield on California Highway

Insurance Journal

The passenger in a car was killed when a horse smashed through the windshield during a series of crashes on a Southern California interstate, authorities said. The first collision occurred about 2 a.m. Sunday when a Toyota Tacoma towing a …

Posted: Sep 26, 2024

Snowmobiler Who Crashed Into Black Hawk Helicopter on Path Awarded $3 Million

Insurance Journal

The federal government was mostly responsible for a nighttime collision involving a snowmobiler who nearly died after hitting a Black Hawk helicopter that was parked on a Massachusetts trail, a judge ruled in awarding him $3.3 million in damages. U.S...

Posted: Sep 26, 2024

Norcross Defense Team Pans Racketeering Case as ‘Crime Thriller With No Crime’

Insurance Journal

Lawyers for New Jersey insurance executive and political power broker George Norcross III say the state’s 111-page indictment against him and others for alleged racketeering is a “crime thriller with no crime.” In calling for dismis...

Posted: Sep 26, 2024

Selectsys Max and Hub: The Ultimate End-to-End Solution for Next-Gen Insurance Management

Insurance Journal

This post is part of a series sponsored by Selectsys. Introduction In today’s fast-paced and increasingly digital insurance landscape, the need for an all-encompassing, flexible, and scalable management system is greater than ever. Enter Select...

Posted: Sep 25, 2024

iPipeline, FIDx Expand Relationship to Deliver Holistic Annuity Platform

IIR

iPipeline’s AFFIRM for Annuities expands relationship with FIDx Insurance Exchange to provide firms with streamlined solution for financial advisors’ annuity needs.

Posted: Sep 25, 2024

Government Shutdown Averted, NFIP Reauthorized

IA Magazine

The U.S. House of Representatives and U.S. Senate passed the “Continuing Appropriations and Extensions Act", which will fund the federal government and extend the NFIP through Dec. 20.

Posted: Sep 25, 2024

Bipartisan Wildfire Mitigation Bill Passes the House

IA Magazine

The bill will improve forest management, reduce wildfire risk and protect critical infrastructure through federal, state, tribal and local collaboration.

Posted: Sep 25, 2024

7 Findings from the 2024 Agency Universe Study

IA Magazine

The biennial study reveals gains and challenges in the independent agency channel.

Posted: Sep 25, 2024

2024 Triggers First-Ever Insurance Payout for IFRC Disaster Fund

IIR

Allocations to respond to Super Typhoon Yagi in Asia last week tipped IFRC-DREF spend over the insurance trigger threshold of CHF 33 million.

Posted: Sep 25, 2024

7 Findings From the 2024 Agency Universe Study

IA Magazine

The study looks at the independent agency ecosystem as it gains distance from the pandemic and navigates the obstacles presented by the hard market.

Posted: Sep 25, 2024

Guidewire Appoints Mark Anquillare as Board Member

IIR

The veteran P&C insurance analytics leader brings deep expertise to Guidewire’s board of directors.

Posted: Sep 25, 2024

Farm Bureau Insurance of Michigan launches Ting program

coverager

Farm Bureau Insurance of Michigan will provide Ting to 10,500 policyholders.

Posted: Sep 25, 2024

Columbia Insurance Group to transfer PL business to Safeco

coverager

The transfer will be aided by a majority of Columbia agents currently having Safeco appointments.

Posted: Sep 25, 2024

Ice Age Could Provide Clues on Frequency of El Niño: Study

Carrier Management

Ice Age Could Provide Clues on Frequency of El Niño: Study Extensive gla...

Posted: Sep 25, 2024

Laris Motorsports partners with BriteCore

coverager

Laris Motorsports Insurance is a provider of insurance for car racers.

Posted: Sep 25, 2024

Ledger Investing closes $100 million casualty sidecar with global reinsurer

coverager

Ledger Investing is a marketplace for casualty insurance-linked securities.

Posted: Sep 25, 2024

Coterie Insurance Enables Instant Business Insurance with BTIS  

coverager

“As we put agents first in all we do, connecting with BTIS directly, rather than through another partner, means we’re continuing to make small business insurance easier for everyone,” said Coterie Enterprise Account Manager Jeremie Dobnikar.

Posted: Sep 25, 2024

M3 partners with Vouch

coverager

This partnership will enable M3 to deliver enhanced insurance services to startups.

Posted: Sep 25, 2024

Blackpanda raises $6.7 million

coverager

The financing will accelerate Blackpanda's expansion across Asia and enhance its comprehensive “IR-1” cyber security solution.

Posted: Sep 25, 2024

Zinnia partners with LPL Financial

coverager

Farm Bureau Insurance of Michigan will provide Ting to 10,500 policyholders.

Posted: Sep 25, 2024

THE TOP 5 CRITICISMS I’VE GOTTEN FROM CLIENTS

Rough Notes

 At some point, someone will blame you for their ills, regardless of how well you’re doing your job Hold yourself to a higher standard than any client ever could, and you’ll be less likely to lose a client because of your performance. by Michael Wayn...

Posted: Sep 25, 2024

Southeast U.S. on Hurricane Watch as Helene Surges Its Way

Carrier Management

Southeast U.S. on Hurricane Watch as Helene Surges Its Way Hurricane watches were issued for parts of Cuba and...

Posted: Sep 25, 2024

A Quarter of Small Businesses Report Falling Victim to AI Scams

Carrier Management

A Quarter of Small Businesses Report Falling Victim to AI Sca...

Posted: Sep 25, 2024

Cease and Desist Order Issued Against Iowa Contractor

Insurance Journal

The Iowa Insurance Division has issued a cease-and-desist orderagainst William Campbell and All or Nothing LLC, a Clive, Iowa limited liability company doing business as All or Nothing Roofing and Construction. The order claims that Campbell and his...

Posted: Sep 25, 2024

Oklahoma Supreme Court Denies Rehearing for Survivors of Tulsa Race Massacre Lawsuit

Insurance Journal

OKLAHOMA CITY (AP) — The Oklahoma Supreme Court has rejected a request to reconsider its ruling to dismiss a lawsuit filed by the last two known living survivors of the 1921 Tulsa Race Massacre. Without comment, seven members of the …

Posted: Sep 25, 2024

Oklahoma High Court Denies Rehearing for Survivors of Tulsa Race Massacre

Insurance Journal

OKLAHOMA CITY (AP) — The Oklahoma Supreme Court has rejected a request to reconsider its ruling to dismiss a lawsuit filed by the last two known living survivors of the 1921 Tulsa Race Massacre. Without comment, seven members of the …

Posted: Sep 25, 2024