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Government Report Says DEI Should Be Included in Workplace Injury Prevention Initiatives

Carrier Management

Government Report Says DEI Should Be Included in Workplace...

Posted: Aug 28, 2024

Revolutionizing Flood Insurance with CoreLogic® Flood Risk Score

Insurance Journal

This post is part of a series sponsored by CoreLogic. Rising floodwaters pose a significant threat to communities and economies worldwide, making flood insurance a vital component of risk management. However, accurately assessing flood risk for prope...

Posted: Aug 28, 2024

Flowcode partners with REIN

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Flowcode and REIN are partnering to streamline insurance purchases by making it easier to secure a quote and find coverage.

Posted: Aug 28, 2024

GEICO’s latest agency appointment

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GEICO, once recognized for its agency-independent approach, has recently changed direction and is now actively pursuing partnerships with independent agents.

Posted: Aug 28, 2024

Aon’s White Rock sues China Construction Bank over fraud linked to Vesttoo

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According to White Rock, the fraud could not have succeeded without CCB's involvement, and the company is seeking damages exceeding $140 million.

Posted: Aug 28, 2024

Group Enroll partners with GreenShield

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Group Enroll will launch 6 new digital group benefits plans underwritten by GreenShield.

Posted: Aug 28, 2024

Marsh launches port blockage insurance

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This coverage, available as standalone or as an addition to existing insurance, was created in response to disruptions at the Port of Baltimore.

Posted: Aug 28, 2024

Prudential reports Q2’24 earnings

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Prudential reported nearly $22 billion in retirement strategy sales in the first half of the year, a 67% increase from the prior year.

Posted: Aug 28, 2024

Life360 expands partnership with Arity, pursues Credit Karma's insurance strategy

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The companies have entered into a multi-year strategic global partnership.

Posted: Aug 28, 2024

Musk Supports California Bill Requiring Safety Tests on AI Models

Carrier Management

Musk Supports California Bill Requiring Safety Tests on AI Models Tesla chief Elon Musk, who also owns social media...

Posted: Aug 28, 2024

Travelers: Common Pitfalls to Avoid This Wedding Season

Carrier Management

Travelers: Common Pitfalls to Avoid This Wedding Season As peak wedding season approach...

Posted: Aug 28, 2024

New Accounting Rule Forces Change to How AM Best Ranks Top Reinsurers

Carrier Management

New Accounting Rule Forces Change to How AM Best Ranks Top Reinsurers The implementation of IFRS 17 accounting standards in the insurance industry has forced a modification to AM Best's annual ranking of top reinsurance groups for 2023, the rating ag...

Posted: Aug 28, 2024

Oklahoma Bulletin Addresses Upcoming Legislative Changes

Insurance Journal

Oklahoma Insurance Commissioner Glen Mulready addressed upcoming legislative changes in an Aug. 26 bulletin to insurers. The legislative changes, which go in effect on Nov. 1, include updates to contact information, due diligence search and delivery...

Posted: Aug 28, 2024

AM Best Revises Outlook to Negative for Ohio’s Buckeye State Mutual

Insurance Journal

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Buckeye State Mutual Insurance Company and its affiliate, Home and...

Posted: Aug 28, 2024

Lyft is a Motor Carrier and State Farm Can be Sued Directly, Georgia Court Says

Insurance Journal

Georgia lawmakers this year put an end to direct-action lawsuits against trucking companies’ insurers, but that did not come soon enough to bar litigation brought by people involved in accidents with ride-sharing services. The Georgia Court of...

Posted: Aug 28, 2024

E&S Property Insurance Market Sees Unexpected Market Softening in H1 2024

Risk & Insurance

The excess and surplus lines property insurance market defies 2023 predictions, with rate decreases gaining momentum, according to Risk Placement Services. The post

Posted: Aug 28, 2024

Canada Life Re’s base earnings up 14% in H1’24

Reinsurance News

Canada Life Reinsurance, a provider of reinsurance solutions for life and health, has reported its results for the first half of 2024, showing a 14% increase in base earnings compared to the same period last year. Canada Life Re is a division of T...

Posted: Aug 28, 2024

Red Sea Insurance Nearly Doubles After Attacked Oil Tanker Appears to Be Leaking Oil

Insurance Journal

The cost of insurance for ships sailing through the Red Sea has nearly doubled after Yemen’s Houthis attacked a tanker that appears to be leaking oil, with environmental fears growing for the trade route, industry sources said on Wednesday. Ira...

Posted: Aug 28, 2024

Insured losses from Jasper, Canada wildfire exceeds $880m

Reinsurance News

The wildfire that struck the Municipality of Jasper and Jasper National Park this summer has resulted in insured losses exceeding $880 million, according to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). The intense wi...

Posted: Aug 28, 2024

Reinsurers’ financial strength & diversification key to mitigating cat losses: Swiss Re

Reinsurance News

After reinsurers paid over $150 billion in global claims across property, casualty, and specialty lines in 2023, Swiss Re’s Urs Baertschi has emphasised the industry’s critical role as a shock absorber, a springboard for addressing the...

Posted: Aug 28, 2024

Two Sigma announces leadership changes

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John Overdeck and David Siegel will step down as Co-Chief Executive Officers.

Posted: Aug 28, 2024

Roper Technologies acquires Transact Campus

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Roper previously acquired Vertafore in 2020 for $5.35 billion.

Posted: Aug 28, 2024

IAT Insurance Group selects CLARA Analytics Claims DocIntel Pro

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IAT will leverage the solution to review legal demands and medical records for its auto and general liability claims. 

Posted: Aug 28, 2024

Texas Lawmakers Consider Regulations to Address Risks of Artificial Intelligence

Insurance Journal

A group of state lawmakers began wading through the complex world of artificial intelligence Tuesday, providing an early glimpse at how Texas may seek to regulate the booming technology. During a nearly four-hour hearing, the Texas Senate Business an...

Posted: Aug 28, 2024

Credit ratings of Core Specialty subsidiaries upgraded by AM Best

Reinsurance News

As specialty insurer Core Specialty Insurance Holdings, Inc.’s product and geographical diversification continues to improve on the back of acquisitions and organic growth initiatives, AM Best has upgraded the credit ratings of its subsidiar...

Posted: Aug 28, 2024

TikTok Must Face Lawsuit Over 10-Year-Old Girl’s Death, Appeals Court Rules

Insurance Journal

A U.S. appeals court has revived a lawsuit against TikTok by the mother of a 10-year-old girl who died after taking part in a viral “blackout challenge” in which users of the social media platform were dared to choke themselves …

Posted: Aug 28, 2024

AXIS Capital names David White as new Head of Aviation

Reinsurance News

Global specialty underwriter and re/insurance provider, AXIS Capital Holdings Limited (AXIS), has announced the appointment of David White as Head of Aviation, AXIS Global Markets, effective October 1, 2024. White will be taking over from Terry Wo...

Posted: Aug 28, 2024

Robots Are Starting (Good) Fires in California

Insurance Journal

Cody Chiverton has spent the past decade lighting fires. As a former firefighter with the U.S. Forest Service, he participated in dozens of prescribed burns across the American West, in which fire-prevention teams would carry drip torches to ignite d...

Posted: Aug 28, 2024

Ageas Re generates €67m operating profit in H1’24, CoR sits at 93.1%

Reinsurance News

Ageas, the Brussels-headquartered multinational insurer, has reported a total net operating result of its reinsurance segment of €67 million in the first six months of 2024, up from the €66 million figure that was posted in the prior year period....

Posted: Aug 28, 2024

Two Workers Killed in Tire Explosion at Georgia Airliner Maintenance Facility

Insurance Journal

Two workers were killed and a third was injured when an airplane tire apparently exploded at a Delta Air Lines maintenance shop at Hartsfield-Jackson International Airport in Atlanta, prompting an investigation by the U.S. Occupational Safety and Hea...

Posted: Aug 28, 2024

WTW promotes Bonnet and Hirsch to Co-Heads of Transactional Insurance

Reinsurance News

Global advisory, broking, and solutions firm WTW has appointed Simone Bonnet and Andrew Hirsch as Co-Heads of Transactional Insurance Solutions within Private Equity and Transactional Solutions, Corporate Risk and Broking North America (CRB NA). A...

Posted: Aug 28, 2024

Atlantic Hurricane Season Could Intensify in Coming Weeks, Meteorologists Say

Insurance Journal

AccuWeather meteorologists are warning that the Atlantic hurricane season could intensify in the coming weeks as less wind shear and less dry air create conducive conditions for storm development. AccuWeather is forecasting six to 10 named storms to...

Posted: Aug 28, 2024