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Miller, the independent specialist in (re)insurance broking, has appointed Alessia Lombardi as an Account Executive within its Accident & Health team. Lombardi will begin her role in September 2024, reporting directly to Tim Nagle, Head of Spo...
Posted: Aug 21, 2024
The California Earthquake Authority (CEA) purchased $306 million of new reinsurance limit at its June 1st renewal, taking the entity’s total reinsurance and risk transfer tower to approximately $9.15 billion. At the end of 2023, the CEA had...
Posted: Aug 21, 2024
Water risk intelligence firm Fathom has released a new report on the projections of global flooding under climate change, noting that the risk will increase between 9% and 49% this century depending on efforts to cut greenhouse gas emissions. Fath...
Posted: Aug 21, 2024
Posted: Aug 21, 2024
Posted: Aug 21, 2024
Posted: Aug 21, 2024
Guy Carpenter, the reinsurance broking division of Marsh McLennan, has appointed Ridge Muhly as the Regional Mutual Segment Leader, effective August 19th, based in Philadelphia and Adam Kornick as the Personal Lines Segment Leader, effective Septe...
Posted: Aug 21, 2024
Italian divers on Wednesday prepared for a third day of search and rescue efforts around a sunken yacht off Sicily, where British tech entrepreneur Mike Lynch, Morgan Stanley International chairman Jonathan Bloomer and four others were feared to have...
Posted: Aug 21, 2024
Italian divers on Wednesday retrieved four bodies from a sunken yacht off Sicily, where British tech entrepreneur Mike Lynch and Morgan Stanley International chairman Jonathan Bloomer were among those feared to have died earlier this week. Six people...
Posted: Aug 21, 2024
Italian divers have retrieved four bodies from a sunken yacht off Sicily, where British tech entrepreneur Mike Lynch and Morgan Stanley International chairman Jonathan Bloomer were among those feared to have died earlier this week. While four people...
Posted: Aug 21, 2024
Italian search and rescue teams have retrieved a fifth body from a sunken yacht off Sicily, where British tech tycoon Mike Lynch and Morgan Stanley International chair Jonathan Bloomer are among those feared to have died. The body was recovered ̷...
Posted: Aug 21, 2024
Alliant Insurance Services has hired industry veteran Mark Rusas to co-lead its Mergers & Acquisitions specialty practice as Executive Vice President, Managing Director, Alliant Specialty. Based in New York, Rusas will be joining Jonathan Gilb...
Posted: Aug 21, 2024
US firms have warned that parts of a proposed cyber law could grant the Hong Kong government unusual access to their computer systems, highlighting the latest challenge to Western tech giants in the city. The Asia Internet Coalition, which includes &...
Posted: Aug 21, 2024
Insurance Australia Group said on Wednesday it expects premiums to keep rising because of a huge jump in loss claims and third-party costs for home and automobile repairs, sending its shares more than 3% lower. IAG said the money it …
Posted: Aug 21, 2024
AM Best-rated U.S. captive insurers experienced a strong year in 2023, posting a net income of $1.4 billion, a 53% increase from the $923 million figure that was posted in the prior year. At the same time, the five-year average combined ratio of 8...
Posted: Aug 21, 2024
Losses in Puerto Rico from Hurricane Ernesto are expected to be absorbed by the island’s domiciled insurers, according to industry rating AM Best. Initial feedback from AM Best-rated insurers—though it is early in the claims process—indicates t...
Posted: Aug 21, 2024
Insurance broker Marsh announced the launch of what it said is a first of its kind $50 million port blockage insurance facility, covering shipping ports and terminals around the world. The insurance facility can be purchased independently or used to...
Posted: Aug 21, 2024
Litigation that seeks to win Medicare reimbursements from insurance companies has become a huge business over the last decade, making one Miami lawyer a billionaire and causing expensive, ongoing legal headaches for property-casualty insurers. But th...
Posted: Aug 21, 2024
A federal judge temporarily cleared the way Monday for a transgender girl to play soccer for her high school team while she and another student challenge a New Hampshire ban. The families of Parker Tirrell, 15, and Iris Turmelle, 14, …
Posted: Aug 21, 2024
A U.S. appeals court said Google must face a revived lawsuit by Google Chrome users who said the company collected their personal information without permission, after they chose not to synchronize their browsers with their Google accounts. The 9th U...
Posted: Aug 21, 2024
The city of Baltimore has reached a $152.5 million settlement with Cardinal Health to resolve the city’s claims against the opioid distributor related to its role in the opioid epidemic. Baltimore Mayor Brandon M. Scott announced that Cardinal...
Posted: Aug 21, 2024
The city of Baltimore has reached a $152.5 million settlement with Cardinal Health to resolve the city’s claims against the opioid distributor related to its role in the opioid epidemic. Baltimore Mayor Brandon M. Scott announced that Cardinal...
Posted: Aug 21, 2024
A federal judge ruled the US Federal Trade Commission can’t enforce its near-total ban on noncompete agreements that was set to go into effect next month, blocking an effort by the agency to make labor markets more competitive. In a …
Posted: Aug 21, 2024
Alphabet’s Waymo said on Tuesday it had doubled its paid rides to 100,000 per week in just over three months as the autonomous ride-hailing firm expanded its areas of service and allowed more people to ride its robotaxis. Waymo’s expansio...
Posted: Aug 21, 2024
Lawley, headquartered in Buffalo, New York, named Phil Scaffidi as employee benefits consultant in Buffalo, Joe Moran as an insurance advisor in Florham Park, New Jersey, and Carl Belizaire as insurance advisor in Buffalo. Before Lawley, Scaffidi ser...
Posted: Aug 21, 2024
Austin, TX., August 21, 2024—The Risk & Insurance Education Alliance, a leader in risk management and insurance education, announces the expansion of its Continuing Education (CE) services to the public. Designed to streamline and manage the back...
Posted: Aug 20, 2024
Pollution and professional liability exposures can run the gamut for contractors. Luckily, there are several steps these professionals can take to help get ahead of the risks and keep themselves whole. The post
Posted: Aug 20, 2024
Trunk Tools leverages advanced large language models to understand and query vast amounts of construction-related data.
Posted: Aug 20, 2024
A combination of taditional and creative benefits that meet employee needs is necessary to maintain a productive workforce.
Posted: Aug 20, 2024
Nancy Germond, Big “I" executive director of risk management and education, is a second-generation insurance professional who has written scores of risk-management articles and a book on workers compensation.
Posted: Aug 20, 2024
The vendor’s solution integrates with PURE’s XactAnalysis estimating platform and its Guidewire ClaimCenter system.
Posted: Aug 20, 2024
The insurance and IT BPM industry veteran, who will also serve as Chairman & Managing Director, India, brings 30 years of service, operations and digital experience to the role.
Posted: Aug 20, 2024
Greenhill is a technology-enabled managing general underwriter focused on the allied health industry.
Posted: Aug 20, 2024
For insurers tackling competitive pressures along with budget constraints, rising regulatory requirements, and workforce churn, intelligent automation is a timesaver, force multiplier, and secret weapon.
Posted: Aug 20, 2024
Market Growth Aids Puerto Rico Insurers in Absorbing Ernesto Losses Puerto Rico-domiciled...
Posted: Aug 20, 2024
Connecticut Governor Ned Lamont has submitted a request to President Joe Biden and the Federal Emergency Management Agency (FEMA) for a federal emergency declaration for Fairfield , New Haven, and Litchfield counties in response to the extreme floodi...
Posted: Aug 20, 2024
The commercial insurance market softens as premium increases slow and technology transforms underwriting and risk assessment processes. The post
Posted: Aug 20, 2024
The environmental insurance market remains stable despite increased underwriting scrutiny and emerging contaminant threats like PFAS and ethylene oxide, Lockton reports. The post
Posted: Aug 20, 2024
Top 5 Technology Predicaments Facing Insurance Leaders As insurers lo...
Posted: Aug 20, 2024