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Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the first country in the region since COVID-19 to pull its budget deficit firmly below the 3% of GDP cap set …
Posted: Sep 20, 2024
Australian insurance broker AUB Group has announced the appointments of Tom Wilson as CEO of Tysers and Bob Pybus as CEO of AUB UK Retail, both effective from 1 October 2024 and subject to regulatory approval. As Wilson takes his new role, Mike Em...
Posted: Sep 20, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has expanded its cyber capabilities across the UK with a series of key hires in its underwriting and claims divisions. Vanessa Leemans, who has led th...
Posted: Sep 20, 2024
Thousands of pagers and other devices exploding in Lebanon this week mark a new and deadly escalation in the use of supply chains against adversaries, giving new urgency to global leaders’ drive to reduce their dependence on technologies from r...
Posted: Sep 20, 2024
Monarch E&S Insurance Services, a division of Specialty Program Group LLC, has expanded its operations by acquiring the assets of Professional Insurance Executives (PIE). Founded by Bruce Hart, PIE is a contract binding/brokerage firm based in...
Posted: Sep 20, 2024
QBE, the business insurer, has named Mario Díaz-Guardamino as the next Managing Director for QBE Iberia. In his new role, Díaz-Guardamino will oversee QBE’s operations in Spain, leading teams in the Madrid and Barcelona offices. His responsibiliti...
Posted: Sep 20, 2024
Global insurance and reinsurance broking group Aon has announced the appointment of Chris Simmons as Head of Health UK. In a recent LinkedIn post, Aon stated, “Chris has spent almost three decades in the health industry, with his most recent role...
Posted: Sep 20, 2024
BAM Mutual, a bond insurer specialising in lowering the cost of debt for essential infrastructure projects, is expanding by opening an office in Melbourne. The company will now provide insurance for bonds and loans used to finance projects across...
Posted: Sep 20, 2024
Insurtech wefox Holding AG has appointed Joachim Müller as its new Chief Executive Officer (CEO), effective immediately, while Mark Hartigan, who has served as both Chairman of the Board and interim CEO during the recent restructuring, will contin...
Posted: Sep 20, 2024
Posted: Sep 20, 2024
In a recent interview with Reinsurance News, Amitabha Ray, Market Head of India at global reinsurance giant Swiss Re, described India’s economy as resilient despite the current high consumer price inflation, with insurance sector growth abov...
Posted: Sep 20, 2024
Business insurer QBE has officially launched its new Leeds office situated at West Village, the largest European site for the global insurer outside of London, with more than 450 employees, representing a 40% increase in the Yorkshire hub’s...
Posted: Sep 20, 2024
ST. LOUIS (AP) — A man used construction equipment to drop a heavy boom lift onto a sculpture that has stood for 25 years outside St. Louis’ Cathedral Basilica, badly damaging it, police said. It wasn’t immediately clear whether the ̷...
Posted: Sep 20, 2024
Deer Park, Texas, police confirmed that human remains were recovered from a vehicle that crashed into a natural gas liquids pipeline Monday, triggering a fire that continues to burn. “Medical examiners will now begin working through their ident...
Posted: Sep 20, 2024
The Association of Bermuda International Companies (ABIC) has announced the appointment of Christian Dunleavy as its new Chair, succeeding Patrick Tannock. ABIC represents the internationally owned businesses that are based in Bermuda but operate...
Posted: Sep 20, 2024
Guidewire, a provider of software solutions to the insurance industry, has released critical data and maps detailing hurricane risk in the United States, with this being available at the national, state, and local levels. Guidewire’s service...
Posted: Sep 20, 2024
AIG Appoints Walsh Executive Vice President, Chief Financial Officer American International Group, Inc. (AIG), headquartered in New York City, named Keith Walsh as executive vice president and chief financial officer, effective October 21. Walsh, bas...
Posted: Sep 20, 2024
Johnson & Johnson has boosted to more than $8.2 billion its offer to settle thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter. The offer, an increase from the …
Posted: Sep 20, 2024
With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly 7 in 10 actuaries and underwriters are worried about being replaced by artificial intellig...
Posted: Sep 20, 2024
Live Nation Entertainment has asked a federal judge in New York to dismiss several states’ claims that the live event promoter harmed event-goers by stifling competition with its ticket-selling arm, Ticketmaster. Live Nation seeks to dismiss pa...
Posted: Sep 20, 2024
The Tennessee Department of Commerce and Insurance will host the 2024 Southeastern Regulators Association conference in Nashville, promising a number of familiar faces in the insurance and legal industries as keynote speakers. The Nov. 3-5 conference...
Posted: Sep 20, 2024
A long-awaited federal report on the causes of the Champlain Towers South condominium collapse, which killed 98 people in 2021 and upended Florida condo regulations and market, will have to wait at least another year. Officials with the National Inst...
Posted: Sep 20, 2024
General Motors’ self-driving unit Cruise said on Thursday it will begin supervised testing with up to five autonomous vehicles in fall this year in California’s Bay Area. Cruise will deploy several manual mapping vehicles in Sunnyvale and...
Posted: Sep 20, 2024
California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for 750,000 policyholders affected by the Airport, Bridge, and Line fires in the counties of Orang...
Posted: Sep 20, 2024
California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for 750,000 policyholders affected by the Airport, Bridge, and Line fires in the counties of Orang...
Posted: Sep 20, 2024
Markel, the insurance arm of global re/insurer Markel Group Inc., has announced the appointment of April Tam as Senior Underwriter, Professional Financial Risk (PFR) & Cyber and Head of Financial Institutions in Asia. In this role, Tam will fo...
Posted: Sep 20, 2024
A bill introduced after a mass shooting in Maine would require the Army to use state crisis intervention laws to remove the weapons of a service member who is deemed to be a serious threat to themselves or others, U.S. …
Posted: Sep 20, 2024
A Connecticut aquarium where three beluga whales died in recent years has agreed to settle a federal investigation over alleged animal care and water quality violations by paying a $12,200 fine while not admitting or denying the accusations. The whal...
Posted: Sep 20, 2024
With a plethora of technology and innovation on the horizon for workers’ compensation, it’s important to pause and review the core competencies that built this industry and how good data can be used to enhance each. The post
Posted: Sep 19, 2024
This post is part of a series sponsored by Selectsys. Introduction In the insurance industry, quality and consistency are key drivers of customer satisfaction and business success. However, maintaining these standards across all operations can be cha...
Posted: Sep 19, 2024
Would liability and physical damage coverages cover a rental car? Would there be a coverage gap in loss rentals?
Posted: Sep 19, 2024
The largest workers’ comp carrier in Louisiana seeks to enhance predictive modeling and drive high-quality underwriting insights.
Posted: Sep 19, 2024
Rashmi Melgiri and Hal Schwartz discuss the company’s InsurTech background, including the founders’ previous work at CoverWallet, and what’s ahead short and long term.
Posted: Sep 19, 2024
Sir Charles Roxburgh Named Carnegie-Brown Successor as Lloyd’s Chair Lloyd's of London, the...
Posted: Sep 19, 2024
Historic Rainfall Inflicts Chaotic Floods Across Four Continents...
Posted: Sep 19, 2024
Over 250,000 U.S. Properties Have Repeat NFIP Claims: Report More than a quarter million U.S. proper...
Posted: Sep 19, 2024
Posted: Sep 19, 2024
AI-Assisted Insurance Fraud on the Rise: UK Report There's been a rise in AI -driv...
Posted: Sep 19, 2024
Functional Finance's platform offers solutions that simplify invoicing, premium payments, collections, reconciliation, and more.
Posted: Sep 19, 2024
It was reported that Wefox was looking to replace Hartigan after the German insurance startup’s board rejected a proposal by its largest stakeholder.
Posted: Sep 19, 2024
Report Highlights Rise i...
Posted: Sep 19, 2024
7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI With the vast majority (91 percent) of...
Posted: Sep 19, 2024