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Career Development Top Factor in Employee Engagement, Retention

Carrier Management

Career Development Top Factor in Employee Engagement, Retention...

Posted: Sep 05, 2024

As Traffic Deaths Remain High, U.S. DOT Awards $1B for Road Safety Projects

Carrier Management

As Traffic Deaths Remain High, U.S. DOT Awards $1B for Road Safety Projects The U.S. Transportation Department...

Posted: Sep 05, 2024

New York Regulator Orders Taxi Insurer to Weigh Sale After Losses

Insurance Journal

New York’s insurance regulator issued a damning report laying out the severely flawed financial condition of New York’s largest insurer of taxis and for-hire vehicles, as well as dozens of potential financial improprieties and accounting...

Posted: Sep 05, 2024

Indiana Steel Mill to Pay $248K Over Clean Air Act Violations

Insurance Journal

The U.S. Environmental Protection Agency announced a settlement with Cleveland Cliffs Burns Harbor LLC in Burns Harbor, Indiana, for alleged Clean Air Act violations that occurred while the facility was operating as ArcelorMittal Burns Harbor LLC. Un...

Posted: Sep 05, 2024

People Moves: Stephens Insurance Adds Scott Miller to Arkansas Office

Insurance Journal

Stephens Insurance, LLC, an affiliate of Stephens Inc., announced Scott Miller will join the firm as a senior vice president within the Property & Casualty practice. He brings more than 25 years of experience in the insurance industry, serving cl...

Posted: Sep 05, 2024

Texas Faces Need for Hundreds of Thousands of Homes to Address Housing Shortage

Insurance Journal

If Texas wants to rein in its high housing costs, it needs more homes, Texas Comptroller Glenn Hegar’s office said Tuesday — the latest sign that the state’s high home prices and rents have become a growing concern for the …

Posted: Sep 05, 2024

Bishop Street Underwriters Acquires Michigan’s Conifer

Insurance Journal

Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, announced it has acquired Conifer Insurance Services a specialty commercial managing general agency from Conifer Holdings, Inc. The acquisition of Coni...

Posted: Sep 05, 2024

Bishop Street Enters Commercial Lines With Acquisition of MGA Conifer

Insurance Journal

Bishop Street Underwriters, a multi-boutique insurance platform owned by RedBird Capital Partners, announced it has acquired Conifer Insurance Services a specialty commercial managing general agency from Conifer Holdings, Inc. The acquisition of Coni...

Posted: Sep 05, 2024

Crews Slow Progress of Sierra Wildfire, But Evacuations Orders Remain

Insurance Journal

Firefighters battling a California wildfire that has burned through more than 5 square miles of the high Sierra made significant progress slowing its growth on Wednesday, but hundreds of residents whose homes are threatened remained under evacuation...

Posted: Sep 05, 2024

Burglary Ring Accused of Targeting Rural Pharmacies in Iowa and Nebraska

Insurance Journal

OMAHA, Neb. (AP) — Five members of an alleged burglary ring are facing federal charges for break-ins that targeted rural pharmacies in western Iowa and western Nebraska in 2022 and 2023, authorities announced Thursday. The Omaha, Nebraska, field divi...

Posted: Sep 05, 2024

Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7% Combined Ratio

Insurance Journal

The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from the £3.9 billion (US$5.1 billion) reported during H1 2023. The combined ratio, which is a key measure of und...

Posted: Sep 05, 2024

Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio

Insurance Journal

The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from the £3.9 billion (US$5.1 billion) reported during H1 2023. The combined ratio, which is a key measure of und...

Posted: Sep 05, 2024

Lloyd’s continues to see the makings of a super cycle: CEO John Neal

Reinsurance News

John Neal, Chief Executive Officer (CEO) of the specialist Lloyd’s insurance and reinsurance marketplace, said earlier today that there’s no reason for price to significantly change, and that the market still sees the makings of a supe...

Posted: Sep 05, 2024

Accretive adds industry expert Jeff Roth to Jamison IP team

Insurance Journal

Jamison IP, an Accretive Company, Welcomes Jeff Roth to Their Growing Wholesale Insurance Brokerage Team ORLANDO, Fla., September 05, 2024 – Accretive Insurance Solutions, a nationwide collection of leading independent specialty and wholesale insuran...

Posted: Sep 05, 2024

Cyber Insurance Market Poised for Exponential Growth

Risk & Insurance

CyberCube report predicts that over the next decade cyber will become a peak peril, driving growth of cyber insurance premiums, as well as demand for capital. The post

Posted: Sep 05, 2024

Industry veteran Farber joins Acrisure to drive Mid-Atlantic growth

Reinsurance News

Global insurance broker Acrisure has announced the appointment of Bill Farber as Head of Growth for its Mid-Atlantic Region to drive regional growth and capitalise on emerging business opportunities. In his new role, Farber will oversee growth str...

Posted: Sep 05, 2024

Final Deadline: Submit Now for ‘Best Agency to Work For’ Awards

Insurance Journal

The extended deadline to nominate your agency as a ‘Best Agency’ is Monday so don’t miss out – nominate your agency today for Insurance Journal’s “Best Agency to Work For” awards. To nominate your agency, you...

Posted: Sep 05, 2024

Are We Asking the Wrong Question on the Talent Gap?

Insurance Thought Leadership

Are We Asking the Wrong Question on the Talent Gap? Talent Gap sradomski

Posted: Sep 05, 2024

September ITL Focus: Talent Gap

Insurance Thought Leadership

September ITL Focus: Talent Gap Talent Gap sradomski

Posted: Sep 05, 2024

Re/insurance industry must adapt to meet new demands and challenges: Howden Re

Reinsurance News

Traditional risk management models are being tested by unprecedented natural disasters, geopolitical tensions and economic volatility, and with complex and evolving perils more interconnected and severe than ever before, insurers and reinsurers mu...

Posted: Sep 05, 2024

EPIC Insurance Inks Deal to Provide Risk Management for Miami Dolphins, Stadium

Insurance Journal

EPIC Insurance Brokers & Consultants, headquartered in San Francisco, is now the official provider of risk management services for the Miami Dolphins football team and Hard Rock Stadium. The deal, announced Thursday, will not put the EPIC patch o...

Posted: Sep 05, 2024

Gulf of Mexico Oil Drilling Under Threat From Government Impasse

Insurance Journal

A fight over Gulf of Mexico oil production is looming in Washington as US regulators race to redo guidance on how to protect endangered species ahead of a deadline that could ultimately threaten about 15% of the nation’s crude output. …

Posted: Sep 05, 2024

Insurance carrier M&A activity falls to a 15 year low in H1’24: Clyde & Co

Reinsurance News

In the first half of 2024, the insurance carrier M&A landscape saw 103 deals completed, the lowest seen in 15 years, according to Clyde & Co’s mid-year Growth report update. This follows a notable decline in deal volumes throughout 2023 in...

Posted: Sep 05, 2024

Oregon Hospital Sued for $303M; Nurse Accused of Replacing Fentanyl With Tap Water

Insurance Journal

Attorneys representing both living and deceased patients of an Oregon hospital filed a $303 million lawsuit against the facility after a nurse was accused of replacing prescribed fentanyl with nonsterile tap water in intravenous drips. The wrongful d...

Posted: Sep 05, 2024

NFP acquires Scott Litman Insurance Agency, expanding P&C expertise in Southern California

Reinsurance News

NFP, a company under Aon and a broker in property and casualty (P&C) insurance, benefits consulting, wealth management, and retirement plan advising, has announced its acquisition of Scott Litman Insurance Agency (SLIA). SLIA, based in Calabas...

Posted: Sep 05, 2024

With industry-first enhancement, BenefitPoint delivers significant time-savings for brokers during b...

coverager

Vertafore introduces AI automation in industry’s leading benefits solution, reducing medical plan data entry by up to 45 minutes

Posted: Sep 05, 2024

Bishop Street Underwriters acquires Conifer Insurance Services

coverager

Conifer operates a portfolio of three programs across several specialty lines of business.

Posted: Sep 05, 2024

Reinsurance capacity crunch threatens growth in financial risks sector, says Howden Re

Reinsurance News

James Loggie, Managing Director of Howden Re Financial Risks, emphasises a critical need for growth in the reinsurance market to match rising demand. Despite the stability and strong performance of the financial risks sector post-pandemic, the rei...

Posted: Sep 05, 2024

Four Killed in Georgia High School Shooting; Suspect in Custody

Insurance Journal

Four people were killed and nine others injured after a teen gunman opened fire at a high school in Winder, Georgia, an old railroad town northeast of Atlanta. The identities of the victims haven’t been released, but police said they …

Posted: Sep 05, 2024

People Killed in Mississippi Bus Crash Were From Mexico

Insurance Journal

BOVINA, Miss. (AP) — The seven people killed in a weekend bus crash in Mississippi were all from Mexico, the Mississippi Highway Patrol said Tuesday as it released their names and ages. The department said those killed Saturday were Miguel …

Posted: Sep 05, 2024

UGA Fatal Crash Survivor Settles Lawsuit With Athletic Association

Insurance Journal

ATLANTA (AP) — A former University of Georgia recruiting analyst who was severely injured in a deadly car crash has settled her lawsuit against the school’s athletic association nearly two years after the accident. In a court filing last week,...

Posted: Sep 05, 2024

Newly appointed HDI Global UK&I CEO Stephanie Ogden announces new executive team

Reinsurance News

Industrial insurer HDI Global’s newly appointed Chief Executive Officer (CEO) for the UK and Ireland (UK&I) segment, Stephanie Ogden, has established a new executive team effective September 2nd, 2024. Simon Hunt, Gemma McWilliam, and Oliver D...

Posted: Sep 05, 2024

Canada Life Re hires Maguire as P&C expansion continues

Reinsurance News

Canada Life Reinsurance has announced the appointment of David Maguire as Underwriting Director P&C. Maguire’s appointment comes as Canada Life Re, known for its life and annuity reinsurance offering, is increasingly looking to add greater div...

Posted: Sep 05, 2024

Clearview AI Fined by Dutch Agency for Facial Recognition Database

Insurance Journal

U.S. facial recognition company Clearview AI has been fined 30.5 million euros ($33.7 million) for building what Dutch data protection watchdog DPA said on Tuesday was an illegal database. DPA also issued an additional order, imposing a penalty of up...

Posted: Sep 05, 2024

Bishop Street enters Commercial P&C MGA market with Conifer acquisition

Reinsurance News

Bishop Street Underwriters, a multi-boutique insurance platform, acquired Conifer Insurance Services, a specialty commercial managing general agency (MGA), from expanding its multiline, differentiated MGA platform, marking its entry into commercia...

Posted: Sep 05, 2024

How AI, Tech Reduce Friction in Insurance

Insurance Thought Leadership

How AI, Tech Reduce Friction in Insurance Customer Experience

Posted: Sep 05, 2024

Hippo’s First Connect Partners With Root Insurance on Quote and Bind Process

Insurance Journal

First Connect Insurance Services and Root Insurance said they are partnering to off API-powered quote and bind capabilities to independent agents. First Connect, a subsidiary of insurtech Hippo, is a digital platform designed to provide independent a...

Posted: Sep 05, 2024

Risk sharing between insurers and reinsurers has stabilised: Urs Baertschi, CEO P&C Reinsurance, Swi...

Reinsurance News

After reinsurers tightened terms and conditions and raised attachment points to move away from rising so-called secondary peril losses, primary insurers have now caught up and understand what it means to have higher volatility in the frequency spa...

Posted: Sep 05, 2024

For Small Commercial Businesses, Insurance Satisfaction Is a Matter of Trust

Carrier Management

For Small Commercial Businesses, Insurance Satisfaction Is a Matter of Trust Trus...

Posted: Sep 05, 2024

Moody’s Acquires Praedicat

Carrier Management

Moody’s Acquires Praedicat Moody's Corporation annou...

Posted: Sep 05, 2024

Embrace Automation to Eliminate 'Gen-AI-nxiety'

Insurance Thought Leadership

Embrace Automation to Eliminate 'Gen-AI-nxiety' Underwriting

Posted: Sep 05, 2024

Moody’s Acquires Praedicat to Add Casualty and Liability Models

Insurance Journal

Moody’s Corp. today said it acquired analytics firm Praedicat. The acquisition adds casualty and liability modeling to Moody’s range of market leading solutions for the insurance industry. Terms of the deal were not disclosed. Praedicat&#...

Posted: Sep 05, 2024

Floodbase’s flood mapping accuracy outperforms leading methods by 11%

Reinsurance News

Insurtech Floodbase’s AI-based flood monitoring technology has proven to be 11% more accurate than current leading methods, enabling more precise monitoring and reduced prices for parametric flood insurance, according to a recent study in Geophysi...

Posted: Sep 05, 2024

Johnson & Johnson Adds $1.1 Billion to Proposed Talc Settlement

Insurance Journal

Johnson & Johnson plans to pay an additional $1.1 billion to resolve tens of thousands of legal actions alleging its baby powder and other talc products caused cancer, two people familiar with the matter said. The increase would boost the …

Posted: Sep 05, 2024

ICEYE and Aon expand flood and wildfire data partnership to enhance event response

Reinsurance News

ICEYE, a provider of satellite-based disaster management solutions, has announced that Aon, a global professional services firm, has expanded its data licensing agreement to include ICEYE’s Flood Insights data worldwide and Wildfire Insights data...

Posted: Sep 05, 2024