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Thriving Through: Meet Your New Big 'I' Chairman

IA Magazine

From beginning his career at the family agency to helping to lead McGowan Insurance through the hard market, Jackson's journey with both the Big “I" and his agency underscores a commitment to service and community, which have been pivotal in shaping...

Posted: Sep 01, 2024

Agency Nation Meets: Melissa Goto

IA Magazine

As a senior leader at Intact Insurance Specialty Solutions, Melissa Goto oversees four business units across North America including technology, environmental, entertainment and excess property. She has more than 20 years of insurance industry experi...

Posted: Aug 31, 2024

California Legislature Passes Bill to Support Insurance Fraud Detectives

Insurance Journal

California lawmakers passed a bill to help close the pay gap between the California Department of Insurance’s fraud detectives and officers in other state agencies. The California Senate and Assembly this week passed Assembly Bill 2872, which w...

Posted: Aug 30, 2024

Wild Weather Week in US Included a Heat Wave, Landslide, Flash Flood and Snow

Carrier Management

Wild Weather Week in US Included a Heat Wave, Landslide, Flash Flood and Snow It's been a wild week of...

Posted: Aug 30, 2024

Sunk Superyacht Likely to Cost Insurers at Least $150M, Sources Say

Carrier Management

Sunk Superyacht Likely to Cost Insurers at Least $150M, Sources Say Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first...

Posted: Aug 30, 2024

New Method Could Give Months’ Warning of Major Earthquakes

Carrier Management

New Method Could Give Months’ Warning of Major Earthquakes The public could have days or months of warning a...

Posted: Aug 30, 2024

‘Potentially Explosive’ Military Devices Involved in Deadly Arkansas Crash

Insurance Journal

BRINKLEY, Ark. (AP) — A crash on Interstate 40 in Arkansas involving two tractor-trailers and a truck carrying “potentially explosive” military devices killed one person and backed up traffic for hours on the busy highway, officials said....

Posted: Aug 30, 2024

RLI Insurance Wants 16% Rate Hike in Florida on Umbrella, Filing Shows

Insurance Journal

Florida’s insurance commissioner in early August noted that rate increases by property-casualty insurers in the state have slowed significantly since 2023 legislative reforms were enacted, with 12 carriers asking for a small decrease this year...

Posted: Aug 30, 2024

TDI to Hold Two Public Meetings on TWIA’s Filing of 10% Rate Increase

Insurance Journal

The Texas Department of Insurance will hold two public meetings in September on the Texas Windstorm Insurance Association’s annual rate filing increase of 10% for residential and commercial properties. TDI will host a meeting on Monday, Sept. 2...

Posted: Aug 30, 2024

Protected: On-Demand Webinar — Adapting to New Regulations: TCPA and DNC Compliance Risk Strategies...

Risk & Insurance

There is no excerpt because this is a protected post. The post Protected: On-Demand Webinar — Adapting to...

Posted: Aug 30, 2024

Specialist Risk Group Acquires Renewal Rights of London-Based Taxi Insurance Broker

Insurance Journal

Specialist Risk Group (SRG) announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since 1987. Financial details of the transaction were not disclosed. The ac...

Posted: Aug 30, 2024

Record cat bond issuance fuelled growth of broader ILS market: Aon

Reinsurance News

Insurance and reinsurance broker Aon has published the 18th edition of its Insurance-Linked Securities (ILS) Annual Report, which highlights a year of exceptional ILS activity, with $17.9 billion in catastrophe bonds issued across 76 transactions....

Posted: Aug 30, 2024

4 Killed, 10 Injured When Passenger Van Rolls Over in Texas Highway Crash

Insurance Journal

ALVORD, Texas (AP) — Four people were killed and 10 were injured when a van rolled multiple times after the driver veered off a Texas highway and then overcorrected Wednesday, authorities said. The crash happened just before 8 a.m. on …

Posted: Aug 30, 2024

Northwestern University Cheerleader Drops Sexual Harassment Lawsuit

Insurance Journal

EVANSTON, Ill. (AP) — A cheerleader has dropped her federal sexual harassment lawsuit against Northwestern University. Hayden Richardson filed the lawsuit in the Northern District of Illinois in January 2021 alleging drunken fans and alumni groped he...

Posted: Aug 30, 2024

Climate Change Intensified Typhoon Shanshan, Study Says

Insurance Journal

Typhoon Shanshan, which struck southern Japan this week with heavy rain and strong winds, was likely intensified by climate change, according to a study from Imperial College London. Researchers with the university teased out the contribution of glob...

Posted: Aug 30, 2024

Severe Storms Leave Over 300K Michigan Homes and Businesses Without Power

Insurance Journal

ROYAL OAK, Mich. (AP) — Crews for two of Michigan’s largest utilities were working to restore power Wednesday to more than 300,000 homes and businesses left in the dark amid hot, muggy conditions after severe storms toppled trees and snapped &#...

Posted: Aug 30, 2024

CAC Specialty’s Connection to a New Film About a Father’s Inspiration and the Game of Baseball

Risk & Insurance

My dad was in the oil and gas business for most of his career. What I liked about what my dad’s way of working was that he was there for us. He could build his own schedule. The post

Posted: Aug 30, 2024

Navigating the Digital Shift: The Increasing Influence of UX on Customer Acquisition

Insurance Thought Leadership

Navigating the Digital Shift: The Increasing Influence of UX on Customer Acquisition sradomski Fri, 08/30/2024 - 11:38

Posted: Aug 30, 2024

CrowdStrike VP Set to Testify to Congress on IT Outage

Insurance Journal

A senior member of CrowdStrike Holdings Inc.’s operations team is scheduled to appear before Congress to answer questions on the company’s global IT outage in July that disrupted industries around the world. In an advisory set to publish...

Posted: Aug 30, 2024

Australia’s Agile Launches New Zealand Unit to Support Its New Lloyd’s Syndicate

Insurance Journal

Agile Underwriting Services, the Sydney, Australia-based insurtech, managing general agent, and Lloyd’s coverholder, has launched a unit in New Zealand, which Agile described as the first of its kind for a Lloyd’s syndicate. The establish...

Posted: Aug 30, 2024

Railway Worker’s Death in Ohio Prompts Concerns Over Remote Control Trains

Insurance Journal

The CSX worker who discovered his friend run over by a pair of remote-control locomotives in a railyard last year sees a simple solution to preventing similar deaths in the future: two-person crews. But that idea won’t be popular with …

Posted: Aug 30, 2024

Invisalign Maker Reaches $27.5M Settlement of Consumer Antitrust Lawsuit

Insurance Journal

Align Technology, the maker of Invisalign clear teeth aligners, agreed to pay $27.5 million to settle a lawsuit claiming it entered an illegal antitrust conspiracy that drove up prices of aligners made by rival SmileDirectClub. The settlement would c...

Posted: Aug 30, 2024

KBRA assigns rating to new Florida reciprocal exchange Trident

Reinsurance News

Credit rating agency KBRA has assigned a BBB Insurance Financial Strength Rating (IFSR) to Trident Reciprocal Exchange (Trident), with a stable outlook. Trident is a newly established de novo reciprocal exchange focused on writing homeowners’ insu...

Posted: Aug 30, 2024

Salvage of Stricken Oil Tanker in Red Sea Expected in Coming Days, Sources Say

Insurance Journal

A salvage operation to recover a Greek registered oil tanker stranded in the Red Sea after an attack by Houthi militants is expected to start in the coming days, two sources with knowledge of the matter said on Friday. What …

Posted: Aug 30, 2024

QUADRUPLED GROWTH IN FOUR YEARS

Rough Notes

Tower Street Insurance & Risk Management team members on the front steps of their office building, Providence Towers, a landmark facility in North Dallas. Scout, the floppy-eared team member down front, accompanies Chris to work from time to time...

Posted: Aug 30, 2024

Make INSURTECH Your Most Productive Employee

Rough Notes

Elevate both your customers’ experience and your agency’s overall performance By Michael Streit In today’s market shaped by tech giants, customer service expectations have significantly increased across all industries. And the reason is simple: Techn...

Posted: Aug 30, 2024

REVOLUTIONIZING CUSTOMER EXPERIENCE

Rough Notes

A thought leader’s perspective on serving the modern insurance buyer By Mick Hunt In today’s rapidly evolving market, customer experience (CX) has undergone a seismic shift. Gone are the days when customer satisfaction was solely about face-to-...

Posted: Aug 30, 2024