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Americans are seeking to change their insurance coverage more frequently than in the past, after a surge in premiums that’s squeezed household budgets, a new industry report shows. For car insurance, so-called policy shopping rates — essentiall...
Posted: Aug 28, 2024
Fitch Ratings has revised its sector outlook for the German non-life insurance market to ‘improving’ from ‘neutral’ in June 2024, as the rating agency predicts better underlying profitability supported by strongly rising premium rates in motor and...
Posted: Aug 28, 2024
Cybercrime and other acts of sabotage have cost German companies around 267 billion euros ($298 billion) in the past year, up 29% on the year before, according to a survey published on Wednesday. Industry association Bitkom surveyed around 1,000 comp...
Posted: Aug 28, 2024
This summer’s devastating wildfire in Jasper, Canada resulted in more than C$880 million (US$653.4 million) in insured damage, according to the Insurance Bureau of Canada (IBC), quoting data provided by Catastrophe Indices and Quantification In...
Posted: Aug 28, 2024
Global ratings agency AM Best has assigned Mainsail Insurance Company with a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent), with a stable outlook. Mainsail, a property and casualty insurer, of...
Posted: Aug 28, 2024
CROFTON, Neb. (AP) — Two different small planes crashed into fields in northeast Nebraska Monday and killed at least one person. The two crashes happened less than half an hour apart around 9:30 a.m. A Rans S-19 plane crashed first …
Posted: Aug 28, 2024
CROFTON, Neb. (AP) — Two different small planes crashed into fields in northeast Nebraska Monday and killed at least one person. The two crashes happened less than half an hour apart around 9:30 a.m. A Rans S-19 plane crashed first …
Posted: Aug 28, 2024
Britain’s Labour government is watering down ambitions to give employees a legal right to ignore work demands outside office hours, favoring softer rules that had limited impact for workers in Ireland. Rather than seeking legislation for the &#...
Posted: Aug 28, 2024
FullCircl, a software company that assists insurance brokers in accelerating growth and integrating compliance smoothly, has announced a multi-year agreement with Howden, an insurance intermediary group. This partnership aims to help Howden’...
Posted: Aug 28, 2024
Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has added Daniel “Dan” J. Houston and Neal Triplett to its Board of Directors, effective immediately. John Pasquesi, Chair of the ACGL Board of Directors, commented, &...
Posted: Aug 28, 2024
In their financial results for the first half of 2024, Vienna Insurance Group (VIG) has reported that its total volume gross written premiums (GWP) increased by 7.9% to reach €7,886.8 million. Particularly positive premium growth was reported in t...
Posted: Aug 28, 2024
Lloyds Bank Corporate & Institutional Banking has appointed Christian De Monte as Managing Director, Head of Insurance and Group Subsidiaries. De Monte will join on September 2nd, and oversee two teams, one which supports the bank’s insurance...
Posted: Aug 28, 2024
LOS ANGELES – August 21, 2024 – The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, is making a mid-year fundraising push as it strives to surpass its goal of $50 million...
Posted: Aug 28, 2024
Insurance Business Magazine - US
Posted: Aug 28, 2024
Japan issued an emergency warning on Wednesday as powerful Typhoon Shanshan approached the southwestern region with heavy rain and strong winds, prompting Toyota Motor 7203.T to suspend operations at all of its domestic factories. Airlines and rail o...
Posted: Aug 28, 2024
Southwestern Japan braced on Wednesday for what officials say could be one of the strongest storms to ever hit the region, as some residents in the path of Typhoon Shanshan were ordered to evacuate and major firms like Toyota closed …
Posted: Aug 28, 2024
Global reinsurers are expected to maintain strong earnings through the rest of 2024 and into 2025, thanks to generally adequate pricing and disciplined underwriting, according to a recent Fitch Ratings report. In the first half of 2024, the 19 non...
Posted: Aug 28, 2024
Hong Kong-based reinsurer Peak Re has released its H1 2024 results, reporting GWP of $847.9 million, up from $832.9 million in the same period of 2023. At the same time, Peak Re disclosed an H1 2024 profit of $124.2 million, while its investment r...
Posted: Aug 28, 2024
The International Financial Reporting Standards (IFRS) 17 is undergoing a significant accounting shift that necessitates changes in performance analysis within the reinsurance market, according to a recent AM Best report. Implemented at the end of...
Posted: Aug 28, 2024
Redline Underwriting has unveiled a new comprehensive property facultative reinsurance solution targeting Commercial and Industrial Property risks across Mexico, Central, and South America, and the Caribbean. Adriana Cisneros, who will lead the ne...
Posted: Aug 28, 2024
Posted: Aug 28, 2024
Posted: Aug 28, 2024
An oil tanker attacked in the Red Sea by Iran-backed Houthi rebels on August 21 appears to be burning and leaking, a Pentagon spokesman said on Tuesday. “Sounion now sits immobilized in the Red Sea, where it is currently on …
Posted: Aug 28, 2024
An abandoned oil tanker attacked in the Red Sea by Iran-backed Houthi rebels a week ago appears to be burning and leaking, raising the specter of an environmental disaster, a Pentagon spokesman said on Tuesday. The comments are the latest …
Posted: Aug 28, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Kristopher Lynn as a Senior Broker and Practice Leader for Agriculture, based in the Bermuda office. Lynn has nearly two decades of industry experience, most recent...
Posted: Aug 28, 2024
RICHLAND, Mich. (AP) — A golf club in southwestern Michigan has agreed to pay $440,000 to settle allegations that it wrongly obtained a loan through a federal program during the COVID-19 pandemic, authorities said Monday. Gull Lake Country Club, near...
Posted: Aug 28, 2024
When the nationally ranked University of Missouri Tigers football team takes the field Thursday for its season opener against Murray State, fans will notice something unusual on the field: sponsored logos. A new rule change by the NCAA allows sponsor...
Posted: Aug 28, 2024
WTW, the broker and risk advisor, has unveiled a Fintech and Digital Assets Taskforce, in a move that is set to provide clients with consultancy support for managing risks in the complex digital asset ecosystem. The broker has brought together the...
Posted: Aug 28, 2024
FWD Group, an Asian insurance company, has announced its financial results for the first half of 2024, reporting an operating profit after tax of US$223 million, which reflects positive contributions from the company’s four geographic busine...
Posted: Aug 28, 2024
Delaware’s highest court said on Tuesday it will hear an appeal by GSK and other drugmakers seeking to end more than 70,000 lawsuits claiming discontinued heartburn drug Zantac caused cancer. GSK, Pfizer, Sanofi and Boehringer Ingelheim are ask...
Posted: Aug 28, 2024
On a hot summer day in Oak Ridge, Tennessee, dozens of men removed pipes, asbestos and hazardous waste while working to decontaminate a nuclear facility and prepare it for demolition. Dressed in head-to-toe coveralls and fitted with respirators, the...
Posted: Aug 28, 2024
Greg Lindberg, the North Carolina insurance and business executive now awaiting sentencing on a bribery conviction, can’t escape a $524 million arbitration and civil judgment against him, a federal appeals court decided this week. Also this wee...
Posted: Aug 28, 2024
A 1957 Massachusetts law banning the possession of certain switchblades violates the federal Second Amendment right to bear arms, the highest court in Massachusetts has ruled. The state court found that switchblades qualify as “arms” unde...
Posted: Aug 28, 2024
As high temperatures break records around the US and wildfires rip through the West, another climate-driven weather hazard — extreme rainfall — is pummeling the country’s Northeast and scientists say it will get worse as the climate changes. Th...
Posted: Aug 28, 2024
Highstreet Insurance Partners acquired Wingert Insurance Agency in Mill Creek, Washington. Wingert President Jason Wingert and Agency Vice President Shelley Wingert will continue leading their team at Wingert’s current location. Wingert provide...
Posted: Aug 28, 2024
Ski season is still at least several months away, but the unusually cold storm that frosted West Coast mountain peaks late last week brought a hint of winter in August. The calendar briefly skipped ahead to November as the system …
Posted: Aug 28, 2024
Ski season is still at least several months away, but the unusually cold storm that frosted West Coast mountain peaks late last week brought a hint of winter in August. The calendar briefly skipped ahead to November as the system …
Posted: Aug 28, 2024
Root, Inc., a technology firm specialising in insurance solutions and the parent company of Root Insurance Company, and Goosehead Insurance, Inc., an expanding independent personal lines insurance agency, have announced a new technology integratio...
Posted: Aug 28, 2024
The $38 million verdict in a landmark lawsuit over abuse at New Hampshire’s youth detention center remains disputed nearly four months later, with both sides submitting final requests to the judge this week. “The time is nigh to have the...
Posted: Aug 28, 2024
Physician-dispensed topicals are costly and there’s no evidence that they are more effective than what is available through the more traditional distribution network of the retail pharmacy network. Why aren’t more states taking action? The...
Posted: Aug 27, 2024
A rare but deadly disease spread by mosquitoes has one town in Massachusetts closing its parks and fields each evening. Four other towns are urging people to avoid going outdoors at night. They’re concerned about eastern equine encephalitis. St...
Posted: Aug 27, 2024
The 5 Vectors of Enterprise Transformation Operational Efficiency ClareCarroll1
Posted: Aug 27, 2024
The insurer will use Claims DocIntel Pro will to help streamline processes, reduce costs, and eliminate errors across the carriers Auto and General Liability claims operations.
Posted: Aug 27, 2024
Clients can now leverage a comprehensive payment solution suite, enhancing operational efficiency and customer satisfaction.
Posted: Aug 27, 2024
Skills-based hiring often provides a solution by reimagining the hiring process to spot great candidates with valuable skills that transcend the experience section of a resume.
Posted: Aug 27, 2024
So Many Conferences, So Little Time and Budget Leadership ClareCarroll1
Posted: Aug 27, 2024
Inszone Insurance Services, a provider commercial, personal and benefits insurance, announced the acquisition of Keith Williams Insurance Agency, Inc. (KWI), a Victoria, Texas-based agency serving individuals and businesses throughout Texas. This str...
Posted: Aug 27, 2024