All Posts

Unum Launches Group Whole Life Product on CalcFocus’ Achieve Platform

IIR

The core system consolidation and new product launch intiative extends a longstanding relationship between the carrier and CalcFocus.

Posted: Sep 10, 2024

What You Need to Know About Agency M&A in 2024

IA Magazine

There were 300 announced insurance agency mergers and acquisitions in the first half of 2024. Here are a few trends influencing the market and how you can take advantage of them.

Posted: Sep 10, 2024

Applied Announces Enhancements Across Its Digital Agency Portfolio

IIR

Recent investments by the vendor seek to usher in the next generation of insurance with increased product connectivity, automated workflows, and modernized user experiences.

Posted: Sep 10, 2024

Mphasis Silverline Partners with AgentSync for Insurance Compliance Solutions

IIR

AgentSync Manage lets organizations use intelligent automation to simplify producer management and compliance, gaining valuable customer insights in the process.

Posted: Sep 10, 2024

All Hands AI raises $5 million

coverager

The AI software developer is focused on creating model-agnostic, open-source AI agents.

Posted: Sep 10, 2024

SafetyCulture raises $110 million

coverager

When it comes to insurance, the company's insurance subsidiary is partnered with Employers.

Posted: Sep 10, 2024

HDI Global US unveils new excess cover for life sciences

coverager

This enhanced solution provides customers with tailored cover for industry specific risks.

Posted: Sep 10, 2024

FINBOURNE raises total funding to £100 million following secondary round

coverager

FINBOURNE provides investment management solutions and a cloud-native data management platform.

Posted: Sep 10, 2024

IAG to transition tool-of-trade fleet to electric and hybrid vehicles by FY30

coverager

The move is part of IAG’s broader strategy to reduce its carbon footprint and contribute to a greener future for Australia and New Zealand.

Posted: Sep 10, 2024

Tampa Bay Buccaneers partner with The Baldwin Group as official insurance broker

coverager

As part of the deal, The Baldwin Group becomes the first-ever partner of the Buccaneers’ exclusive Luxury Suite Concierge program.

Posted: Sep 10, 2024

Broker network Steadfast Group suspends trading

coverager

One claim involved a Steadfast-owned broker recommending a more expensive policy from a Steadfast-owned firm while hiding a cheaper competitor's quote.

Posted: Sep 10, 2024

AM Best: Unfavorable Operating Performance Key Driver in U.S Rating Downward Trend

Carrier Management

AM Best: Unfavorable Operating Performance Key Driver in U.S Rating Do...

Posted: Sep 10, 2024

Breached Organizations Spend More on Cyber Resilience

Carrier Management

Breached Organizations Spend More on Cyber Resilience Organizations th...

Posted: Sep 10, 2024

U.S. Commercial Insurance Prices Rise 5.9% in Q2 2024

Risk & Insurance

Commercial insurance prices rise moderately in Q2 2024, with some lines seeing decreases, according to WTW data. The post U.S. Commercial Insurance...

Posted: Sep 10, 2024

Safety Agency Probing Jeep SUVs, Pickup Fires After Engines Turned Off

Carrier Management

Safety Agency Probing Jeep SUVs, Pickup Fires After Engines Turned Off U.S. auto safety regulators are...

Posted: Sep 10, 2024

Iowa Manufacturer to Pay $51K Fine For Alleged Hazardous Waste Violations

Insurance Journal

Hawkins Inc., a chemical manufacturer based in Camanche, Iowa, will pay $51,158 in civil penalties and purchase equipment for local emergency responders to resolve alleged violations of the federal Resource Conservation and Recovery Act (RCRA). The c...

Posted: Sep 10, 2024

People Moves: Grange Insurance Names Lebens as CFO

Insurance Journal

Grange Insurance Company announced that Cheryl McRae Lebens has been named the company’s Chief Financial Officer, effective January 1, 2025, following Terri Brown’s planned retirement at the end of the year. Brown’s career in the pr...

Posted: Sep 10, 2024

Business Owners Worry Severe Weather Will Overwhelm Insurance

Risk & Insurance

Gallagher finds a growing number of companies are investing in resilience to mitigate risk and lower insurance costs The post Business Own...

Posted: Sep 10, 2024

Missouri Patient Infected with Bird Flu Without Animal Contact

Insurance Journal

A hospitalized patient in Missouri was infected with bird flu despite having had no known contact with dairy cows or other animals associated with an ongoing outbreak, health officials said Friday. This is the 14th person in the U.S. sickened …

Posted: Sep 10, 2024

New Portuguese Government to Keep Ban on Chinese 5G Equipment

Insurance Journal

Portugal’s center-right government will keep the previous administration’s ban on telecoms firms using Chinese equipment in their 5G networks, a minister said, despite the projected cost of a position that is among the toughest in Europe....

Posted: Sep 10, 2024

VW Scraps Three-Decades-Old German Jobs Pledge to Cut Costs

Insurance Journal

Volkswagen AG is ending job protections for auto workers in Germany as part of its cost-cutting push, setting up a showdown with unions as the country’s most important industry fights for its future. The manufacturer on Tuesday canceled several...

Posted: Sep 10, 2024

Juniper Re appoints Russ Wagner to spearhead launch into facultative reinsurance

Reinsurance News

Juniper Re, LLC, the reinsurance broking arm of The Baldwin Group, has named Russ Wagner as Head of Facultative as it is set to enhance its ability to meet clients’ needs in the evolving market. In the role, Wagner will spearhead Juniper Re&...

Posted: Sep 10, 2024

Tropical Storm Francine Churns Toward Louisiana as Path Shifts

Insurance Journal

Tropical Storm Francine is set to become a hurricane Tuesday as it churns toward Louisiana after shifting east, forcing some oil drillers to halt production but following a path that will likely avert key natural gas export plants. On its …

Posted: Sep 10, 2024

HDI Global Insurance launches new Life Sciences Solution with $10M Capacity

Reinsurance News

HDI Global Insurance Company, the US branch of the global commercial insurer HDI Global SE, has announced the introduction of its new excess Life Sciences Liability policy. With coverage options of up to $10 million, this enhanced solution provide...

Posted: Sep 10, 2024

CRC Group Adds New People in Southeast

Insurance Journal

CRC Group, a wholesale specialty insurance distributor, has added new faces to its team. Davon Fields has joined CRC’s Birmingham, Alabama, office as a broker. He recently was vice president with an insurance brokerage. Donnie Waters was named...

Posted: Sep 10, 2024

Realignment in Insurance: Business Models, Product, Value-Added Services

Insurance Thought Leadership

Realignment in Insurance: Business Models, Product, Value-Added Services From Our Partners sradomski

Posted: Sep 10, 2024

WTW CLIPS reveals US rates are down in Q2’24, increasing to only 5.9%

Reinsurance News

According to a new WTW Commercial Lines Insurance Pricing Survey (CLIPS), US commercial insurance rates grew at a rate of 5.9% throughout the second quarter of 2024, down from 6.1% in Q2 2023. The rates for the same segment were reported at 6.3 %...

Posted: Sep 10, 2024

Administrative Actions: What Are They and Who Do You Report Them to?

coverager

Reporting administrative actions is extremely important, and if a producer fails to do so, they can face further disciplinary actions, including losing their license across multiple states.

Posted: Sep 10, 2024

NYSE to commence delisting proceedings with respect to the warrants of Hippo Holdings

coverager

The New York Stock Exchange will commence the delisting process for the warrants to purchase Hippo Holdings common shares from the exchange.

Posted: Sep 10, 2024

Hiscox launches Personnel Security Plus

coverager

Personnel Security Plus provides businesses with additional protection for their employees who are becoming increasingly vulnerable to a wide range of risks.

Posted: Sep 10, 2024

Fayr partners with Mylo

coverager

Fayr makes it easy for amicably separated parents to keep track of expenses, scheduling, messaging and locations.

Posted: Sep 10, 2024

Nationwide’s Amy Shore to retire in December

coverager

Executive Vice President and Chief Transformation Officer Amy Shore will retire at the end of 2024.

Posted: Sep 10, 2024

PURE Insurance enters Canada

coverager

This enhanced solution provides customers with tailored cover for industry specific risks.

Posted: Sep 10, 2024