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Carlos Quiles says he was seriously injured in May 2022 when the Uber he was traveling in crashed into two parked cars in Queens — after the driver lost control of his Toyota while trying to clear a fly or …
Posted: Sep 12, 2024
Vermont has failed to complete many actions in its five-year hazard mitigation plan aimed at reducing the risk from natural disasters such as flooding, according to a new report from the state auditor’s office. The plan is developed by Vermont...
Posted: Sep 12, 2024
Typhoon Bebinca is forecast to hit the east coast of China early Monday, threatening to bring excessive rainfall that could disrupt oil refineries and LNG import terminals and paralyze transport. The expected landfall of Bebinca, currently more than...
Posted: Sep 12, 2024
The construction insurance market is experiencing a notable increase in capacity, reaching levels last seen in 2019, according to the newly released Global Construction Rate Trend Report by WTW, a global insurance broker. This expansion is anticip...
Posted: Sep 12, 2024
Thailand warned a new storm may cause more floods and landslides, while death toll from Typhoon Yagi and the monsoon rains continued to rise. More than 40 provinces were placed on alert for possible flash floods as a new tropical …
Posted: Sep 12, 2024
Pension Insurance Corporation plc (PIC), the specialist insurer of UK defined benefit pension schemes, has reported its financial results for the first half of 2024, posting an adjusted operating profit before tax (AOPBT) of £272 million, compared...
Posted: Sep 12, 2024
Deep sea fishing could disrupt carbon sequestration and release more CO2 into the atmosphere. Why are some nations considering it? The post Perspective | Deep Sea Madness appeared...
Posted: Sep 12, 2024
Ryan Specialty, the international specialty insurer, has appointed Michael F. Albian as President, Group Captives, for Ryan Alternative Risk (RAR). In the new role, Albian will be responsible for further developing a full-service consulting and ca...
Posted: Sep 12, 2024
EuroTempest, a provider of storm and weather risk management services in Europe for the re/insurance industry, has announced the launch of its Global Weather Validation tool, designed to help insurers validate weather-related claims worldwide with...
Posted: Sep 12, 2024
Westfield Center, Ohio – September 5, 2024 – Westfield Bank has announced the addition of three new top producers to its agency banking business vertical. The new hires include Mike Strakhov, serving in the role of SVP, agency banking market …
Posted: Sep 12, 2024
This post is part of a series sponsored by Old Republic Surety. What’s the difference between surety bonds and insurance? That’s a question I hear often, and it’s a good starting point for discussion. Knowing those differences helps...
Posted: Sep 12, 2024
According to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ), the Calgary hailstorm during early August has resulted in nearly $2.8 billion in insured losses, making it the second-costliest event in Canada’s histor...
Posted: Sep 12, 2024
Fidelis Insurance Group, the global specialty insurer, has appointed 20-year industry veteran Jason Kittinger as Group Chief Operating Officer. Kittinger, who is based in London, will report to Fidelis Insurance Group’s Chief Executive Officer, Da...
Posted: Sep 12, 2024
Demex, the risk analytics and intelligence firm offering reinsurance solutions for severe convective storms, has created a new Advisory Board comprising seasoned insurance executives, John DeMartini, Alastair Speare-Cole and Matthias Weber. The an...
Posted: Sep 12, 2024
Swiss insurer Baloise said on Thursday it plans to boost return on equity and will consider share buybacks after activist-investor Cevian Capital this week revealed it held more than 9% of the company’s stock, becoming its top stakeholder. Balo...
Posted: Sep 12, 2024
Tom Davison has joined Horwich Farrelly (HF), legal advisers in the insurance and commercial sectors, as Partner & Head of Property, Risks, and Coverage. In his new role, and part of the firm’s continued expansion, Davison will head the growin...
Posted: Sep 12, 2024
Taiwan financial conglomerate Taishin said it would raise its offer for peer Shin Kong by 25% to about T$222.4 billion ($7 billion), in a deal that would be Taiwan’s biggest-ever financial services industry merger. Taishin and Shin Kong’s...
Posted: Sep 12, 2024
AdvantageGo, a provider of commercial insurance and reinsurance software and part of Coforge, has entered into a new partnership with Ping Data Intelligence (Ping), an insurance technology firm known for its AI-powered data ingestion, cleansing, a...
Posted: Sep 12, 2024
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Posted: Sep 12, 2024
Two organizations recently expressed optimism that the softening cyber market that emerged in 2023 will remain favorable into the future. In separate reports, Moody’s Ratings and Amwins Brokerage offered insights on the sector’s landscape...
Posted: Sep 12, 2024
Alera Group, a US insurance and financial services firm, has announced the appointment of Jim Blue, its current president, to the role of Chief Executive Officer, effective January 1, 2025. Blue will succeed Alan Levitz, who will become Alera Grou...
Posted: Sep 12, 2024
U.S. utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data from Check Point Research, underlining the escalating threat to a critical infrastructure. The utilities and power infrastructure across th...
Posted: Sep 12, 2024
An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much of an impact litigation and fraud have had on property insurance losses and premiums, particularly in Florida. The paper, “The C...
Posted: Sep 12, 2024
Following the release of the European Union Climate Resilience Dialogue report, The Federation of European Risk Management Associations (FERMA) has called on the European commission to establish an Expert Group on Protection Gaps. This aligns with...
Posted: Sep 12, 2024
Meister Joins Sertis as SVP, Distribution Partnerships Sertis, headquartered in Reno, Nevada, appointed Kurt Meister as senior vice president, distribution partnerships. Meister has more than 36 years of experience in the insurance industry, includin...
Posted: Sep 12, 2024
For the second year in a row, State Farm auto claims data has revealed a significant drop in catalytic converter theft claims. There was a 74 % drop for the first half of 2024 compared to the same period in …
Posted: Sep 12, 2024
Five professional models who sued long after a state’s three year statute of limitations expired may pursue their defamation claims against an adult entertainment nightclub for posting their images to the giant social media site Facebook withou...
Posted: Sep 12, 2024
AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating to “b” (Marginal) from “bb-” (Fair) of Wolverine Mutual Insurance Company, based in Dowagiac, Michiga...
Posted: Sep 11, 2024
An Iowa hotel worker was charged with insurance fraud, the Iowa Insurance Division announced Sept. 10. Jose De Jesus Rodriguez Esparza, age 39, was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) and Id...
Posted: Sep 11, 2024
Hurricane Francine packed power just as it slammed into the coast of Louisiana, reaching Category 2 strength with 100 miles per hour winds and a dangerous storm surge. The storm made landfall in Terrebonne Parish, around 6 p.m. Eastern time …
Posted: Sep 11, 2024
In its latest court filing to keep alive a lawsuit against start-up Dellwood Insurance, American International Group said its new competitor failed to explain why the suit cannot go on. AIG argued in a brief filed yesterday in U.S. District …
Posted: Sep 11, 2024
This post is part of a series sponsored by Selectsys. In the rapidly evolving insurance industry, traditional management systems often fall short of meeting the demands of today’s digital landscape. Manual processes, outdated interfaces, and li...
Posted: Sep 11, 2024
What carriers should consider as federal courts delay implementation
Posted: Sep 11, 2024
As the cyber threat landscape becomes more complex, preparedness against cyber risks is declining with only 73% of U.S. business leaders feeling resilient against the cyber risk.
Posted: Sep 11, 2024
Experience improved customer relationships, increased efficiency and better sales outcomes.
Posted: Sep 11, 2024
A key theme of this year's Applied Net 2024 event was cutting through the noise associated with artificial intelligence (AI) technology and driving productivity for agencies large and small.
Posted: Sep 11, 2024
As the cyber threat landscape becomes more complex, preparedness against cyber risks is declining with only 73% of U.S. business leaders feeling resilient against the cyber risk.
Posted: Sep 11, 2024
The collaboration will enable underwriters to assess future exposure to extreme weather more accurately with access to Mitiga’s EarthScan’s climate data.
Posted: Sep 11, 2024
The deal, expected to close in Q4 2024, will add 24 Speedwell Climate employees to Vaisala, pending regulatory approval.
Posted: Sep 11, 2024
Blue Forest is a nonprofit focused on forest and watershed conservation to prevent severe wildfires.
Posted: Sep 11, 2024
Scottish Widows has announced that Paul McNamara will join its Board as a non-executive director in September 2024.
Posted: Sep 11, 2024
Jacques Goulet is assuming a new role as Executive Chair, and Jessica Tan will succeed him as President.
Posted: Sep 11, 2024
Lessack joined Stewart in 1995, serving as Group President since 2019.
Posted: Sep 11, 2024
The insurance group introduces the "Insure Your Unsure" campaign.
Posted: Sep 11, 2024
AI Enables Advances in Fraud Detection AI & Machine Learning
Posted: Sep 11, 2024
State Farm: Catalytic Converter Thefts Drop 74% For the second year in a row, State Farm auto claims dat...
Posted: Sep 11, 2024