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DALLAS (AP) — A judge last week denied a effort by Texas Attorney General Ken Paxton to halt the recently announced ban on guns at the State Fair of Texas. Dallas County District Judge Emily Tobolowsky denied the state’s request …
Posted: Sep 25, 2024
Three Tufts University men’s lacrosse players remained hospitalized with a rare muscle injury Monday after participating in a voluntary, supervised 45-minute workout earlier this month, according to a university spokesperson. The players became...
Posted: Sep 25, 2024
Irwin Siegel Agency (ISA), headquartered in Rock Hill, New York, named Nick Greggains as president. ISA is a managing general underwriter and part of Ryan Specialty Underwriting Managers. Greggains is involved in finalizing the launch of ISA’s...
Posted: Sep 25, 2024
This edition of International People Moves details appointments at Price Forbes Re and AXA XL. A summary of these new hires follows here. Price Forbes Re Taps Howden’s Waterhouse as Head of Property Fac Price Forbes Re, the London-based special...
Posted: Sep 25, 2024
Tokio Marine Kiln (TMK), an insurer in special risks underwriting, and Marsh, an insurance broker and risk management expert, have jointly announced the launch of an exclusive insurance facility for ports and terminals, providing protection agains...
Posted: Sep 25, 2024
A Virginia-based construction company converting a Cape Cod hotel into a Margaritaville Resort has reached a settlement with the state of Massachusetts over wage violations affecting 78 workers. Massachusetts Attorney General Andrea Joy Campbell anno...
Posted: Sep 25, 2024
Despite potential headwinds, more stable rates and competition keep pricing favorable for commercial insurance buyers, Lockton reports. The post
Posted: Sep 25, 2024
Cal/OSHA is urging employers to protect workers from unhealthy air due to wildfire smoke. The Line Fire is impacting air quality in areas around San Bernardino and Riverside counties. Employers are required to monitor air quality, adjust work practic...
Posted: Sep 25, 2024
Brown & Brown, Inc., the insurance brokerage firm, has appointed Mike Neal and Mark Abate to its senior leadership team and the retail segment senior leadership team. Neal will serve as the Executive Vice President within Brown & Brown’s R...
Posted: Sep 25, 2024
Axis Isurance Managers Inc., the Vancouver, Canada-based insurance broker, announced it has acquired the O’Neill Group, one of British Columbia’s premier employee group benefits, life insurance, and wealth advisory firms. Financial detail...
Posted: Sep 25, 2024
U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. 1 strike that could jam supply chains …
Posted: Sep 25, 2024
Citizens Property Insurance Corp., Florida’s largest insurer, has suspended policy binding ahead of predicted Hurricane Helene, and a board member asked if the carrier could do more to help policyholders manage flood insurance claims from the l...
Posted: Sep 25, 2024
Credit rating agency AM Best has maintained a stable outlook on Peru’s insurance industry despite the growing perception of risk related to political instability in the country. According to the Best’s Market Segment Report titled “Mar...
Posted: Sep 25, 2024
The product provides rapid cash payouts to policyholders when a high-wind tropical cyclone impacts their insured properties.
Posted: Sep 25, 2024
Marine Cargo UK provides coverage on an all-risks basis.
Posted: Sep 25, 2024
landlords have a Member Perks program where they have access to "affordable landlord insurance services" through Steadily.
Posted: Sep 25, 2024
The company is confident in achieving at least £100 million in gross cost savings by the end of 2025.
Posted: Sep 25, 2024
Sompo, the Bermuda-based provider of commercial and consumer property/casualty insurance and reinsurance, announced the launch of a new national marine insurance proposition for the United Kingdom. Sompo’s Marine Cargo UK policy and its Transpo...
Posted: Sep 25, 2024
For the fourth time in six years, cyber risk ranked highest as a concern for business leaders. In fact, this year cyber as a top concern reached an all time high, according to the 2024 Travelers Risk Index. Cyber was …
Posted: Sep 25, 2024
Analysts at Goldman Sachs have reported that the European multi-lines represent c.60% of the market cap under the company’s coverage and offer diversification of earnings both geographically and by line of business. “In a macro environ...
Posted: Sep 25, 2024
Insurance broker WTW has launched a new China Client Division within Corporate Risk and Broking, North America (CRB NA), as part of its strategy to expand its presence and broaden offerings focused on the Chinese market. The new China Client …
Posted: Sep 25, 2024
Concert Group Holdings (Concert), a privately owned insurance holding company, has announced the establishment of its new risk retention platform, Harmony Re, appointing Katarina Scamborova as President and forming a board of directors. Scamborova...
Posted: Sep 25, 2024
Insurance Business Magazine - US
Posted: Sep 25, 2024
Insurance Business Magazine - US
Posted: Sep 25, 2024
JACKSON, Miss. (AP) — Attorneys for two Black men who were tortured by Mississippi law enforcement officers said Monday that they expect to file more lawsuits on behalf of other people who say they were brutalized by officers from the …
Posted: Sep 25, 2024
WTW is expanding its presence and broadening offerings focused on the Chinese market with its newly launched China Client Division within Corporate Risk and Broking, North America (CRB NA). The new China Client Division, to be led by Jie Yan, is p...
Posted: Sep 25, 2024
Citing initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ), which place the combined insured loss of four catastrophe weather events this summer in Canada at more than CAD 7 billion, the Insurance Bureau of Canada (IBC) has...
Posted: Sep 25, 2024
Northwest Residents Concerned About Wildfire, But About 25% Don’t Prepare The majority of Washington and Oreg...
Posted: Sep 25, 2024
Risks Now in E&S Market May Be There to Stay: AM Best I...
Posted: Sep 25, 2024
The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in September, will be the most severe flood event in about a decade, carrying an insurance price tag of an estimated …
Posted: Sep 25, 2024
Essent Group’s wholly-owned subsidiary, Essent Guaranty, has obtained $363.4 million of fully collateralized excess of loss reinsurance coverage on mortgage insurance policies written in July 2023 through to July 2024 from Radnor Re 2024-1 L...
Posted: Sep 25, 2024
Alkeme, a large insurance brokerage based in California, announced the acquisition of Surry Insurance, one of the oldest insurance agencies in Nouth Carolina. Alkeme officials said in a statement that the move expands Alkeme’s presence in the S...
Posted: Sep 25, 2024
Chedid Capital, an investment group in the insurance and reinsurance industry, has appointed James Illingworth as an Independent NonExecutive Director at Milestone Risk Solutions Ltd in the United Kingdom and a Strategic Committee Member at Moment...
Posted: Sep 25, 2024
A new report from AM Best, a credit rating agency, suggests that Hong Kong’s upcoming risk-based capital regulatory framework will enhance enterprise risk management (ERM) practices for (re)insurers operating in the region. The Best’s Specia...
Posted: Sep 25, 2024
Reciprocal exchanges appear to be in favour following the launch of a notable amount of start-ups in recent years, however, according to a new report from KBRA, the full-service credit rating agency, certain benefits with the ventures can also cre...
Posted: Sep 25, 2024
The latest forecast from the National Hurricane Centre (NHC) is for Tropical Storm Helene to make landfall on the Big Bend region of the Florida panhandle as a major Category 3 or higher hurricane, but as ever, there’s potential for the trac...
Posted: Sep 25, 2024
Several factors, including high commodity prices, volatile inflation, and deteriorating macroeconomic conditions, have challenged the financial strength of sub-Saharan Africa (SSA) reinsurers; however, AM Best highlights their resilience and susta...
Posted: Sep 25, 2024
Australia’s federal court has fined Vanguard Investments Australia Ltd. A$12.9 million ($8.9 million) for making misleading claims about a fund, the highest penalty issued in the country so far over greenwashing. In March, the court found the i...
Posted: Sep 25, 2024
Global specialty broker Price Forbes has appointed Thomas Russell to the newly created role of Director, Head of Australian and New Zealand (ANZ) Wholesale for Price Forbes Asia. Based in Singapore, Russell will be reporting to Phil Johnson, CEO o...
Posted: Sep 25, 2024
According to the latest Lockton Market report, US commercial insurance market conditions favour buyers across most lines of coverage, however, a sense of uncertainty in terms of both the economy and the insurance marketplace looms over the industr...
Posted: Sep 25, 2024
An Ernst & Young (EY) office in western India, which employed a 26-year-old who allegedly died after facing a high workload, has operated since 2007 without a state permit which regulates work hours, a senior government official told Reuters. EY...
Posted: Sep 25, 2024
Paratus Holdings has announced that Paratus Renewables Insurance Limited has been granted regulatory approval by the Guernsey Financial Services Authority (GFSC) to provide insurance cover to the renewable power industry. As a re/insurance group u...
Posted: Sep 25, 2024
Record rainfall leading to flooding that killed 24 people in Europe earlier in September was twice as likely due to manmade climate change, a study has found. The flooding took place across central Europe after Storm Boris stalled over the …
Posted: Sep 25, 2024
Reinsurance market players are divided on whether price increases at the key January 1st renewals will be strong enough to properly account for increasing loss trends in the property catastrophe space, although Fitch Ratings expects reinsurers to...
Posted: Sep 25, 2024