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Price Forbes Re appoints Oliver Waterhouse as Head of Property Fac

Reinsurance News

Price Forbes Re has announced the appointment of Oliver Waterhouse as Head of Property Facultative (Fac). Waterhouse will be based in the firm’s London office and will report directly to Nikki Melbourne, Head of Facultative at Price Forbes Re. In...

Posted: Sep 24, 2024

Hurricane John Makes Landfall in Mexico as Major Category 3 Storm

Insurance Journal

Hurricane John hit Mexico’s southern Pacific coast late on Monday as a major category 3 storm, with authorities warning residents to protect themselves against potentially deadly storm surges and torrential rain. The storm, packing maximum sust...

Posted: Sep 24, 2024

WTW adds Kaur as Global Leader of Operations, Strategy Execution & Data, Neuron

Reinsurance News

Global insurance broker WTW has appointed Parveen Kaur in the newly created role of Global Leader of Operations, Strategy Execution and Data to Neuron, its commercial digital trading solution. This follows WTW’s commitment to advance the sco...

Posted: Sep 24, 2024

Flood Damage on Key Austrian Rail Link to Take Months to Repair

Insurance Journal

Austria’s national railways will need months to restore the country’s busiest train line after catastrophic floods wrecked infrastructure, throttling the capacity to move people and goods. Commuters and supply chains will need to adapt af...

Posted: Sep 24, 2024

McGill and Partners to expand into Nordics with new office in Sweden

Reinsurance News

Global specialty insurance and reinsurance broker McGill and Partners has revealed it will be expanding into the Nordics with the opening of a new branch office in Sweden. According to the firm, the new branch will be part of its European entity,...

Posted: Sep 24, 2024

Aon launches new US severe convective storm catastrophe model

Reinsurance News

Global insurance and reinsurance broker Aon has launched a new catastrophe model to analyse the impact of increasingly costly Severe Convective Storms (SCS) in the US, which the firm says reflects re/insurers “true exposures” to the pe...

Posted: Sep 24, 2024

British Water Companies Fight $2 Billion Lawsuits Over Sewage Pollution

Insurance Journal

Six British water companies under-reported sewage discharges and overcharged millions of customers up to 1.5 billion pounds ($2 billion) as a result, lawyers bringing a landmark lawsuit told a London tribunal on Monday. The utilities companies, inclu...

Posted: Sep 24, 2024

Canada’s Insurance Czar Has ‘Harsh’ Message About Climate: You May Have to Move

Insurance Journal

The soaring cost and difficulty of insuring against climate risks may force people to relocate, the head of Canada’s main financial regulator warned. Rising damages from extreme weather don’t seem to be a regulatory problem, but rather a...

Posted: Sep 24, 2024

BHSI expands in Italy with new Milan office and leadership appointments

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance, recently announced the opening of a new office in Milan, appointing Leonardo Castrichino as Country Manager to lead its business i...

Posted: Sep 24, 2024

Asia Pacific re/insurers saw more rating upgrades than downgrades in 2023, says AM Best 

Reinsurance News

Long-Term Issuer Credit Rating (Long-Term ICR) upgrades exceeded downgrades for AM Best-rated Asia-Pacific re/insurers in 2023, primarily driven by improved balance sheet strength and favorable operating performance. A new report released by AM Be...

Posted: Sep 24, 2024

CRC Group appoints Abby Daugherty as Vice President to lead new office in Phoenix

Reinsurance News

CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointment of Abby Daugherty as Vice President. Daugherty will establish and oversee a new binding office in Phoenix, Arizona. This expansion reinforces CR...

Posted: Sep 24, 2024

Mutually Beneficial: How One Midwest Mutual Insurer Recovered From Financial Storms

Insurance Journal

When Iowa mutual GuideOne Insurance began assessing ways to add an infusion of capital to strengthen its balance sheet, the company went to the usual places a mutual of its size might turn to for financial backing. “We were working …

Posted: Sep 24, 2024

Environmental Groups, California Sue Exxon Over Global Plastic Pollution

Insurance Journal

California and several environmental groups sued Exxon Mobil on Monday and accused the oil giant of engaging in a decades-long campaign that helped fuel global plastic waste pollution. Speaking at an event during Climate Week in New York City, Califo...

Posted: Sep 24, 2024

Judge Dismisses Suit Seeking to Protect Dolphins Along Miss. Gulf Coast

Insurance Journal

GULFPORT, Miss. (AP) — A federal judge has dismissed a lawsuit that sought to protect dolphins along the Mississippi Gulf Coast after dozens were killed or sickened in 2019 following the prolonged opening of a spillway used for flood control. …

Posted: Sep 24, 2024

A-G Specialty Expands With Acquisition of eSportsInsurance Brokerage

Insurance Journal

A-G Specialty Insurance, a brokerage specializing in coverage for niche industries, is expanding its reach in the amateur sports world with the acquisition of eSportsInsurance, based in Lilburn, Georgia. A-G Specialty, headquartered in Berwyn, Pennsy...

Posted: Sep 24, 2024

FSLA Names New Directors for 2024-2025

Insurance Journal

The Florida Surplus Lines Association, which notes it provides a safety valve for Florida’s property insurance industry, named new officers for 2024-2025 at its recent annual convention in Tampa. President: Virginia Clancy, TAPCO Underwriters P...

Posted: Sep 24, 2024

Jury Awards $116M in Death of Passenger in No-Door Helicopter Crash

Insurance Journal

A jury has awarded $116 million to the family of one of five people killed in a no-door helicopter that crashed and sank in a New York City river, leaving passengers trapped in their safety harnesses. The verdict came Thursday …

Posted: Sep 24, 2024

Westfield appoints Andy Rose as VP of Small Business

Reinsurance News

Westfield, a US property and casualty insurer, has announced the appointment of Andy Rose as Vice President (VP) of Small Business. In his new role, Rose will lead Westfield’s Small Business division, focusing on driving profitable growth by...

Posted: Sep 24, 2024

Town Expects Insurance Will Help Cover $14.9M Wrongful Conviction Settlement

Insurance Journal

A Massachusetts town has agreed to pay $14.9 million to a citizen who spent 36 years in prison for a crime he did not commit. Town officials in Braintree said they hope to recover much of that payment from its …

Posted: Sep 24, 2024

Town Expects Insurance Will Help Cover $14.9M Wrongful Incarceration Settlement

Insurance Journal

A Massachusetts town has agreed to pay $14.9 million to a citizen who spent 36 years in prison for a crime he did not commit. Town officials in Braintree said they hope to recover much of that payment from its …

Posted: Sep 24, 2024

Pacific Northwest Residents Concerned About Wildfire, But One-in-Four Say They Don’t Prepare

Insurance Journal

The majority of Washington and Oregon (82%) have some level of concern about growing wildfire dangers, but only about one-in-four are taking precautions to combat the impacts of smoky air or fire before it becomes an immediate threat, a new …

Posted: Sep 24, 2024

Northwest Residents Concerned About Wildfire, But About 25% Don’t Prepare

Insurance Journal

The majority of Washington and Oregon residents (82%) have some level of concern about growing wildfire dangers, but only about one-in-four are taking precautions to combat the impacts of smoky air or fire before it becomes an immediate threat, a &#8...

Posted: Sep 24, 2024

Brown & Brown names Veronica Jimenez as national personal lines sales leader

coverager

Jimenez began her career at Brown & Brown in 2013.

Posted: Sep 23, 2024

CAC Group acquires Media Guarantors

coverager

Media Guarantors specializes in completion guarantees for independent film and television projects.

Posted: Sep 23, 2024

Filling a Perceived Void, Aon Launches U.S. Severe Convective Storm Model

Carrier Management

Filling a Perceived Void, Aon Launches U.S. Severe Convective Storm Model Just a fe...

Posted: Sep 23, 2024

Hastings Direct Expands Relationship with Carpe Data

IIR

The expanded engagement marks the evolution from a successful pilot to a trusted, long-term relationship focusing on innovation and mutual growth.

Posted: Sep 23, 2024

Triple-I Offers Preparedness Tips for Impacts of Hurricane Helene

Insurance Information Institute

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]    ST. JOHNS, Fla., Sept. 24, 2024 — Residents of Florida, Georgia and the Carolinas should finalize preparations for significant impacts of Hurricane Helene, w...

Posted: Sep 23, 2024

Nationwide backs arqu

coverager

Founded in 2020, arqu currently works with 20 of the largest retail brokerages.

Posted: Sep 23, 2024

Relation Insurance acquires Whitney Oaks

coverager

Relation Insurance specilizes in construction insurance.

Posted: Sep 23, 2024

Enstar ends “go-shop” period for $5.1 billion acquisition by Sixth Street

coverager

Sixth Street, a global investment firm, will acquire Enstar for $5.1 billion as part of a previously agreed merger.

Posted: Sep 23, 2024

Jump raises $12 million

coverager

The startup currently serves over 2k freelancers. 

Posted: Sep 23, 2024

A Paradigm Shift for Agents and Brokers

Insurance Thought Leadership

A Paradigm Shift for Agents and Brokers Agent & Broker sradomski

Posted: Sep 23, 2024

Underwater Robots Confirm Warming Oceans

Carrier Management

Underwater Robots Confirm Warming Oceans New research of data collected by...

Posted: Sep 23, 2024

Software Crackdown Leads to Proposed Ban on Chinese Vehicles From U.S. Roads

Carrier Management

Software Crackdown Leads to Proposed Ban on Chinese Vehicles From U.S....

Posted: Sep 23, 2024

New Frontiers for Generative AI

Insurance Thought Leadership

New Frontiers for Generative AI PaulCarroll

Posted: Sep 23, 2024

Sikich partners with VIPR Solutions

coverager

The partnership aims to enhance local implementation and provide first-line support across various time zones, supporting VIPR's growing presence in North America. 

Posted: Sep 23, 2024

Company Information on Dark Web Correlates to Higher Cybersecurity Threat: Study

Risk & Insurance

Compromised user data, market listings, and outgoing traffic on the dark web significantly increase an organization's risk of cyberattacks, Marsh report shows. The post

Posted: Sep 23, 2024

Arrests Made in $2.5M Florida Car Theft Ring

Carrier Management

Arrests Made in $2.5M Florida Car Theft Ring A group that stole nearly $2.5 million worth of vehicles in the...

Posted: Sep 23, 2024

FBI Disrupts Vast Chinese Hacking Operation That Infected Consumer Devices

Insurance Journal

The FBI has disrupted a group of hackers working at the direction of the Chinese government who targeted universities, government agencies and other organizations, Director Chris Wray said last week. The hacking campaign known as Flax Typhoon install...

Posted: Sep 23, 2024

Cards Against Humanity Sues Elon Musk’s SpaceX Over Alleged Trespassing on Texas Land

Insurance Journal

The maker of the popular party game Cards Against Humanity is accusing Elon Musk’s SpaceX of trespassing on and damaging a plot of vacant land the company owns in Texas. In a lawsuit filed this week at a Texas court, …

Posted: Sep 23, 2024

Cards Against Humanity Sues Elon Musk’s SpaceX Over Alleged Trespassing in Texas

Insurance Journal

The maker of the popular party game Cards Against Humanity is accusing Elon Musk’s SpaceX of trespassing on and damaging a plot of vacant land the company owns in Texas. In a lawsuit filed this week at a Texas court, …

Posted: Sep 23, 2024

J&J’s Bankruptcy Effort Fails Supreme Court Test, Holdouts Say

Insurance Journal

Johnson & Johnson’s third effort to end lawsuits claiming its baby powder caused thousands of women to get cancer should be dismissed because it violates US Supreme Court precedent and twists the purpose of the American bankruptcy system, h...

Posted: Sep 23, 2024