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Florida Gov. Ron DeSantis urged lawmakers to weigh ideas on providing condominium owners with relief ahead of a Jan. 1 deadline that requires condo buildings to be inspected and repaired in the wake of the Surfside condo collapse that killed …
Posted: Sep 10, 2024
Hiscox, a provider of specialist insurance solutions, has introduced a new offering called Personnel Security Plus. This product is designed to enhance the coverage provided by Hiscox’s existing Kidnap and Ransom insurance policy, offering b...
Posted: Sep 10, 2024
The Roman Catholic Diocese of Norwich and its parishes, along with its insurer Catholic Mutual Relief Society of America, have filed a joint Chapter 11 plan of reorganization as the diocese seeks to emerge from bankruptcy. The plan includes a …
Posted: Sep 10, 2024
Specialty insurer Mosaic Insurance, has announced that it has added 13 US environmental risk specialists to its team as the organisation continues to buildout business across the Americas. According to Mosaic, this expansion marks the next stage o...
Posted: Sep 10, 2024
A Southern California wildfire that broke out in Orange County’s Trabuco Canyon Monday has exploded to more than 8,500 acres overnight. By Tuesday morning, the Airport Fire had forced the evacuation of some homes in the area. CalFire reported t...
Posted: Sep 10, 2024
EU antitrust chief Margrethe Vestager scored two major wins on Tuesday as Europe’s top court backed her crackdown against Apple’s Irish tax deal and Google’s anti-competitive practices in two landmark cases. Vestager, who ends her t...
Posted: Sep 10, 2024
WTW, the global advisory, broking, and solutions firm has appointed Colin Dutkiewicz as Senior Director to its Insurance Consulting and Technology (ICT) business. Based in London, Dutkiewicz is a renowned veteran across the life re/insurance indus...
Posted: Sep 10, 2024
A new lawsuit on Monday claims that Trojan condoms are not safe because they contain toxic “forever chemicals,” which have been linked to cancer. In a proposed class action filed in Manhattan federal court, the plaintiff Matthew Goodman s...
Posted: Sep 10, 2024
Broker WTW said commercial lines insurance rates increased overall by an average of 5.9% during the second quarter. Quarterly price increases have been around 6% since the end of the global pandemic, WTW reported in its Commercial Lines Insurance Pri...
Posted: Sep 10, 2024
Clyde & Co: First-Half Carrier M&A Activity Falls to 15-Yea...
Posted: Sep 10, 2024
Akur8 Acquires Arius From Milliman Akur8, an insurance pricing solution based on m...
Posted: Sep 10, 2024
A vast majority of insurers and asset managers are continuing to invest in longer term cybersecurity planning and have put in place advanced cybersecurity protection, a new report from Moody’s Ratings reveals. According to Moody’s, the...
Posted: Sep 10, 2024
Insurers and asset managers worldwide continue to focus on cybersecurity amid growing risks, according to findings from a Moody’s Ratings survey that polled 110 companies operating across both sectors. Respondents’ total investment in cyb...
Posted: Sep 10, 2024
Recent figures from the International Underwriting Association (IUA) reveal a substantial increase in treaty reinsurance within the London company market for 2023, premiums surged to £10.889 billion, compared to £8.248 billion in 2022, marking nea...
Posted: Sep 10, 2024
The secret to avoiding red lights during rush hour in Utah’s largest city might be as simple as following a bus. Transportation officials have spent the past few years refining a system in which radio transmitters inside commuter buses talk ...
Posted: Sep 10, 2024
At the beginning of the year, Ebix Europe, the London-based technology specialist, released its electronic placing solution, PlacingHub, which has attracted interest from major re/insurance brokers and carriers across the market. During an intervi...
Posted: Sep 10, 2024
PwC hosted over 400 reinsurance executives across three events at the annual Rendez-Vous de Septembre (RVS) in Monte Carlo. The main takeaway from these meets was the pivotal role played by Bermuda in driving the future of reinsurance as the regio...
Posted: Sep 10, 2024
Global insurance broker WTW has established a strategic partnership between its Affinity Insurance business and Kayna, the insurance infrastructure platform, expanding its insurance solutions to SME clients domiciled in the US and UK through Verti...
Posted: Sep 10, 2024
Insurance Business Magazine - US
Posted: Sep 10, 2024
Carbon Underwriting Limited, an independent managing general underwriter and manager of Lloyd’s syndicates CBN 4747 and CBN 5757, has announced the appointment of Julie Gallagher as Head of Syndicate Management, effective immediately. Gallagher ha...
Posted: Sep 10, 2024
In a recent interview with Reinsurance News, Jarad Madea, CEO, Howden Capital Markets & Advisory, discussed what the underlying drivers of the hard market conditions are, and how they are currently impacting the insurance sector, as well as ho...
Posted: Sep 10, 2024
There are numerous underwriting options open to specialty insurers these days. Finding the talent, technology and reinsurance support to take advantage of them will be the key to success. The post
Posted: Sep 10, 2024
Envelop Risk, a firm specialising in cyber reinsurance and analytics, has unveiled its new services division, Envelop Risk Solutions. This new arm is designed to provide comprehensive support to insurers and reinsurers aiming to enhance their cybe...
Posted: Sep 10, 2024
SAN DIEGO, CA., September 10, 2024 – Arrowhead General Insurance Agency, Inc. is pleased to announce its new carrier relationship with DB Insurance Company. Together we have introduced a new admitted homeowner’s program in the state of New Jers...
Posted: Sep 10, 2024
Los Angeles, CA, September 10, 2024 – SL Digitized introduces a groundbreaking platform that digitizes and automates the selling and servicing of new and renewal agency bill and surplus lines business. By leveraging intelligent forms, seamless integr...
Posted: Sep 10, 2024
BMS Group (BMS), the independent specialist re/insurance broker, has appointed market veteran, Richard Dudley as Group Chief Broking Officer, based in London, effective December 2024. Dudley will have a reporting line to Nick Cook, BMS Group’s Chi...
Posted: Sep 10, 2024
Tokio Marine Kiln (TMK), part of global insurance group Tokio Marine, has established a new Specialty Reinsurance division to support its continued focus on growth and diversification. The new division will be led by Phil Taylor, who has been appo...
Posted: Sep 10, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Rachel Cohn as a Senior Broker to lead its International Casualty Facultative Practice. The practice will be part of the company’s existing International Prop...
Posted: Sep 10, 2024
Posted: Sep 10, 2024
The number of hailstorms in Europe has more than doubled in the past year, increasing the costs for solar infrastructure and underinsured, according to a recent report by specialty re/insurance group Chaucer. Hailstorms are the largest natural haz...
Posted: Sep 10, 2024
Beazley, a specialist insurer, has released its Risk & Resilience report, Spotlight on Cyber & Technology Risk 2024, which explores global business views on cybercrime, tech obsolescence, disruptions, and intellectual property risks amid r...
Posted: Sep 10, 2024
LAKE CHARLES, La. (AP) — Every other day Lois Malvo waits for her son to bring six buckets of water from a spigot in the backyard. He then bathes his 78-year-old mother using water heated on the stove and washes …
Posted: Sep 10, 2024
Sigo Seguros, a Texas-based insurtech company that focuses on providing auto insurance services for immigrant and working-class communities, announced it has raised an additional $5.1 million in its pre-Series A funding round. The investment round wa...
Posted: Sep 10, 2024
Artificial Intelligence (AI) is anticipated to transfigure how property & casualty (P&C) insurers conduct business, therefore making them positioned to advance the conversation around ethical AI, for businesses worldwide, according to a ne...
Posted: Sep 10, 2024
Global credit ratings agency AM Best has updated the outlook of Lebanon-domiciled Arab Reinsurance Company SAL (Arab Re) to stable reflecting the firm’s strong balance sheet strength, adequate operating performance, limited business profile, and m...
Posted: Sep 10, 2024
Catalyit, an insurance technology hub for independent insurance agents, is partnering with the Independent Insurance Agents & Brokers of America, Inc. (the Big “I”) to support independent insurance agents in selecting, implementing an...
Posted: Sep 10, 2024
Melvin Appointed President and CEO, BMS Re, US BMS Re, the specialty reinsurance arm of global broker BMS Group headquartered in New York City, appointed Brad Melvin president and chief executive officer, BMS Re, U.S., effective November. Melvin will...
Posted: Sep 10, 2024
The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years. The recent CrowdStrike software failure underscored the dormant threats posed by aggregation r...
Posted: Sep 10, 2024
A U.S. regulator said on Monday it is proposing a requirement that some future vehicles be redesigned to reduce the risks of serious or fatal injuries in crashes involving pedestrians amid a rise in such deaths. The National Highway Traffic …
Posted: Sep 10, 2024
A businessman in south Georgia who called his business a tax preparation site for immigrants is now facing multiple charges that he swindled clients out of thousands of dollars in workers’ compensation insurance premiums. Emmanuel Torres Cruz,...
Posted: Sep 10, 2024
A businessman in south Georgia who called his business a tax preparation site for immigrants is now facing multiple charges that he swindled clients out of thousands of dollars in workers’ compensation insurance premiums. Emmanuel Torres Cruz,...
Posted: Sep 10, 2024