All Posts

Guy Carpenter pegs insured loss from Central Europe floods at up to €2.1bn

Reinsurance News

Modern infrastructure, dams, and flood barriers significantly mitigated the impact of the 2024 flooding across Central and Eastern Europe, according to reinsurance broker Guy Carpenter, who has estimated an insured loss between €1.6 billion and €2...

Posted: Sep 25, 2024

Consilium names Marie McCutcheon as new COO

Reinsurance News

Consilium, the global speciality re/insurance broking arm of the Aventum Group, has appointed Marie McCutcheon as its new Chief Operations Officer (COO). McCutcheon joins the leadership team with a focus on achieving operational excellence. In her...

Posted: Sep 25, 2024

SURE and SageSure launch new business owners policy in California

Reinsurance News

SureChoice Underwriters Reciprocal Exchange (SURE), in collaboration with SageSure, has launched its first non-admitted business owners policy (BOP) in California. This new BOP solution comes as California faces fewer insurance options and increas...

Posted: Sep 25, 2024

Patrick Brennan joins Selective Insurance as CFO

Reinsurance News

Selective Insurance Group, Inc. has appointed Patrick S. Brennan as Chief Financial Officer (CFO), effective October 1st, 2024. As Brennan takes over the new position, Tony Harnett, who served as the interim CFO, will continue as Selective’s Senio...

Posted: Sep 25, 2024

A ‘Real Race for Talent’ in E&S Industry, Says WSIA’s Kelley [Video]

Insurance Journal

Brady Kelley, president and CEO of the Wholesale & Specialty Insurance Association, said the organization has been doing a lot to promote the E&S segment in hopes of attracting talent “There is no doubt a real race for talent in …

Posted: Sep 25, 2024

Insurance CEOs Talk Gen AI, Growth, Workforce Strategies

Insurance Journal

A much higher percentage of insurance chief executives say that generative AI is a top investment priority for their firms than peers in other industries, according to a survey report published by professional services firm KPMG. Roughly eight-in-10...

Posted: Sep 25, 2024

Purdue Settlement Talks With Sacklers Extended to November

Insurance Journal

Purdue Pharma LP said its making progress in settlement talks with members of the Sackler family who own the company and won another extension of a breathing spell that’s shielded the family from civil lawsuits for years. Judge Sean Lane &#8230...

Posted: Sep 25, 2024

Highstreet Acquires Mitchell Agency in Florida

Insurance Journal

Michigan-based Highstreet Insurance Partners has acquired the Mitchell Agency, headquartered in Largo, Florida, near St. Petersburg. Highstreet said in a news release that the Florida agency and its eight employees will be under the direction of Gulf...

Posted: Sep 25, 2024

Critics Say Lawmakers Watered Down California’s Lemon Car Law After Secret Negotiations

Insurance Journal

Californians for the past 54 years have relied on the state’s “lemon law” to fight back against car makers that sell them defective vehicles. Now, critics say Californians’ ability to recoup their money after buying a clunker...

Posted: Sep 25, 2024

Critics Say Lawmakers Watered Down California’s ‘Lemon Law’ After Secret Negotiations

Insurance Journal

Californians for the past 54 years have relied on the state’s “lemon law” to fight back against car makers that sell them defective vehicles. Now, critics say Californians’ ability to recoup their money after buying a clunker...

Posted: Sep 25, 2024

Vandal’s Rampage at Car Dealer Causes Damage to 75 Vehicles

Insurance Journal

A Maine man damaged 75 vehicles at an automobile dealership, smashing windows and denting hoods of vehicles before he was arrested, police said. The 25-year-old man from Auburn was charged with aggravated criminal mischief early Sunday, police said....

Posted: Sep 25, 2024

Vandal in Rampage at Car Dealer Damages 75 Vehicles

Insurance Journal

A Maine man damaged 75 vehicles at an automobile dealership, smashing windows and denting hoods of vehicles before he was arrested, police said. The 25-year-old man from Auburn was charged with aggravated criminal mischief early Sunday, police said....

Posted: Sep 25, 2024

Global Marine Insurance premiums hit $38.9bn in 2023, reports IUMI

Reinsurance News

At its 150th annual conference in Berlin, Germany, the International Union of Marine Insurance (IUMI), a global association representing marine insurers, presented its analysis of the latest trends in the marine insurance market. In 2023, the glob...

Posted: Sep 25, 2024

Efforts to Build More Electric Vehicle Charging Stations in Nevada Sputtering

Insurance Journal

At the 2016 dedication of the first state-sponsored electric vehicle charging station in Beatty, former Gov. Brian Sandoval demonstrated how easy it was to charge an electric Ford Focus. “This is the first electric highway in the United States,...

Posted: Sep 25, 2024

US Court Declines to Dismiss Mandarin Hotel COVID-19 Claim Against Insurers

Insurance Journal

Insurers have failed to win dismissal of a federal COVID-19 business interruption lawsuit against them by the luxury hotel chain Mandarin Oriental. Judge John P. Cronan of U.S District Court in New York found that endorsement language about coverage...

Posted: Sep 25, 2024

Hundreds Sue Over Alleged Sexual Abuse at Illinois Juvenile Detention Centers

Insurance Journal

CHICAGO (AP) — More than 200 men and women were sexually abused as children while in custody at juvenile detention centers in Illinois, according to lawsuits filed Monday, the latest in a string of complaints alleging decades of systemic child &#8230...

Posted: Sep 24, 2024

A Fresh Perspective: How the New CEO Is Finding Growth Opportunities in Tech, Talent and More

Risk & Insurance

Matt Wolfe joined the Optum Workers’ Comp and Auto No-Fault team in July and already sees the groundwork laid for a great path ahead. The post

Posted: Sep 24, 2024

How Data Analysis Enhances the Underwriting Process

Insurance Journal

This post is part of a series sponsored by Selectsys. In the ever-evolving insurance industry, data analysis has become a cornerstone of the underwriting process. By leveraging data, underwriters can make more informed decisions, assess risks more ac...

Posted: Sep 24, 2024

Donegal Insurance Boosts Commercial Lines Underwriting through Genpact Engagement

IIR

The initiative seeks to optimize the efficiency and accuracy of underwriting processes within Donegal’s instance of Guidewire Software.

Posted: Sep 24, 2024

Quadient Inks €6.5M Deal with Major P&C Insurer

IIR

The agreement over an initial period of 5 years includes the adoption of Quadient Inspire as a managed service.

Posted: Sep 24, 2024

Western & Southern Financial Adds Group Term Life Product to Thumbscore

IIR

By offering the life insurance product on Thumbscore’s platform and leveraging its technology, Western & Southern aims to provide an even more streamlined and user-friendly experience for policyholders.

Posted: Sep 24, 2024

Getting to the Heart of Hail: How Forensic Data Optimizes Hail Claim Verification

Insurance Journal

This post is part of a series sponsored by CoreLogic. In the summer of 2023, there were several hailstorms in the Minneapolis area that each caused more than a billion dollars in damage. The Minneapolis area wasn’t alone. There were …

Posted: Sep 24, 2024

Building Trust in Insurance with Technology

Insurance Thought Leadership

Building Trust in Insurance with Technology From Our Partners sradomski

Posted: Sep 24, 2024

Envelop launches Envelop Risk Solutions

coverager

Envelop Co-founder Paul Guthrie will lead the business area on an interim basis.

Posted: Sep 24, 2024

Orion180 brings homeowners insurance offerings to North Carolina

coverager

North Carolina homeowners policies are available through Orion180’s admitted insurer.

Posted: Sep 24, 2024

Mesa raises $9.2 million

coverager

Assurant Ventures participated in the round.

Posted: Sep 24, 2024

HawkSoft Welcomes Rhodian Group to Solution Partner Program

coverager

Rhodian delivers accessible, reliable, and secure managed IT environments to agencies. Rhodian Group, one of the leading providers of managed IT and cybersecurity services to the independent insurance industry –...

Posted: Sep 24, 2024

Cyber Threats Top Business Risk Concern in 2024

Risk & Insurance

Cyber threats top the list of business concerns for a fourth time in the 2024 Travelers Risk Index, as a record 62% of U.S. companies cited worries about cyber risks. The post

Posted: Sep 24, 2024

Hurricane John Makes Landfall in Mexico as Major Category 3 Storm

Carrier Management

Hurricane John Makes Landfall in Mexico as Major Category 3 Storm H...

Posted: Sep 24, 2024

Insurance CEOs Talk Gen AI, Growth, Workforce Strategies

Carrier Management

Insurance CEOs Talk Gen AI, Growth, W...

Posted: Sep 24, 2024

MrBeast, Amazon Sued by $5M Reality Show Competitors Over Alleged ‘Unsafe’ Conditions

Carrier Management

MrBeast, Amazon Sued by $5M Reality Show Competitors Over Alleged ‘Unsafe’ Conditions MrBeast is accuse...

Posted: Sep 24, 2024

Survey: U.S. Homes Unprepared for Extreme Weather, Homeowners Prioritize Cosmetic Updates

Carrier Management

Survey: U.S. Homes Unprepared for Extreme Weather, Homeowners Prioritize Cosmetic Updates A new survey show...

Posted: Sep 24, 2024

Lowering Speed Limit May Not Slow Drivers: Study

Carrier Management

Lowering Speed Limit May Not Slow Drivers: Study A before-and-after study in one Minnesota city shows th...

Posted: Sep 24, 2024

Report: Experts Worry California’s Wildfire Season Could Get Worse

Insurance Journal

Despite several early blazes and one of the state’s largest so far, experts worry California’s wildfire season could get worse when the seasonal winds responsible for fanning some of the biggest fires arrive. A CNN report out this week qu...

Posted: Sep 24, 2024

Kansas County Reports Unauthorized Access to Personal Information in Ransomware Attack

Insurance Journal

A Kansas county said it found unauthorized access and acquisition of personal information maintained by the bounty, including protected health information related to individuals who received services. Franklin County, located southeast of Kansas City...

Posted: Sep 24, 2024

Kansas County Says Ransomware Attack Exposed Personal Information

Insurance Journal

A Kansas county said it found unauthorized access and acquisition of personal information maintained by the county, including protected health information related to individuals who received services. Franklin County, located southeast of Kansas City...

Posted: Sep 24, 2024

JetBlue Flight Makes Emergency Landing In Kansas After False Alarm

Insurance Journal

SALINA, Kansas (AP) — A JetBlue flight from New York to San Diego landed safely in Kansas after the crew received an alert about smoke in the cargo area, authorities said. The airline said it turned out to be a …

Posted: Sep 24, 2024

Jury Clears Most Defendants in Trump Train Trial

Insurance Journal

An Austin jury cleared all but one of six Donald Trump supporters who were accused of breaking federal law when they surrounded a Joe Biden campaign bus driving down a Texas highway days before the 2020 election. The seven-person jury, …

Posted: Sep 24, 2024

Suit Alleges Services Outsourcing Firm Discriminated Against Blind Employee at Texas Call Center

Insurance Journal

The Results Companies, LLC, a services outsourcing firm, violated federal law when it refused to provide a reasonable accommodation for a blind call center employee and then fired her, the U.S. Equal Employment Opportunity Commission (EEOC) charged i...

Posted: Sep 24, 2024