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As Climate-fueled Wildfires Increase, Smoke Threatens Farmworkers As wildfires scorched swaths of land...
Posted: Aug 20, 2024
Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Anthony James Insurance Brokers, subject to regulatory approval. Financial details of the transaction were not disclosed. This latest acquisition furth...
Posted: Aug 20, 2024
In the second quarter of 2024, the commercial property and casualty (P&C) insurance market showed further signs of softening, according to The Council of Insurance Agents & Brokers’ (CIAB) latest quarterly survey. Premiums across all accou...
Posted: Aug 20, 2024
Posted: Aug 20, 2024
Petsecure is a brand of Petline Insurance Company.
Posted: Aug 20, 2024
Posted: Aug 20, 2024
Marsh, the insurance broker and Marsh McLennan subsidiary, announced the launch of a first of its kind $50 million port blockage insurance facility, covering shipping ports and terminals around the world. Created by Marsh following the collapse of th...
Posted: Aug 20, 2024
Grenada has become the first country in the world to use a so-called hurricane clause in a government bond – a special feature that allows authorities to postpone debt payments in the wake of a major natural disaster. The move …
Posted: Aug 20, 2024
Specialist Risk Group (SRG), the insurance intermediary, has acquired Anthony James Insurance Brokers in a move that is set to expand and further strengthen SRG’s retail pillar – Specialist Risk Insurance Solutions (SRIS). Subject to r...
Posted: Aug 20, 2024
The Supreme Court on Friday kept on hold in roughly half the country new regulations about sex discrimination in education, rejecting a Biden administration request. The court voted 5-4, with conservative Justice Neil Gorsuch joining the three libera...
Posted: Aug 20, 2024
AM Best expects that Puerto Rico-domiciled insurers should be able to navigate losses caused by Hurricane Ernesto, with property losses anticipated to be moderate and contained within reinsurance limits. Based on initial discussions with its rated...
Posted: Aug 20, 2024
Velonetic, previously known as London Market Joint Ventures, has announced Bob James as its new Chief Executive Officer (CEO) and Callum Gibson as its Chief Operating Officer (COO), effective immediately. Velonetic is the trading name of Ins-sure...
Posted: Aug 20, 2024
Ryan Specialty said it has signed a definitive agreement to acquire certain assets of Greenhill Underwriting Insurance Services from Alera Group, Inc. Terms of the deal were not disclosed. Houston-based Greenhill is a technology-enabled managing gene...
Posted: Aug 20, 2024
Prudential Financial, a US insurance and investment firm, has entered into an agreement with Wilton Re to reinsure approximately $11 billion of reserves supporting a portion of its guaranteed universal life block. This deal is expected to generate...
Posted: Aug 20, 2024
Security is always tight at Chicago’s Accenture Tower, a skyscraper that connects to a downtown transportation hub and houses the Israeli consulate. This week it will resemble a fortress. Located less than two miles (3.2 kilometers) from where...
Posted: Aug 20, 2024
USAA announced that its chief executive officer and president, Wayne Peacock will retire during the first half of 2025, after 36 years at the company—serving the last five as CEO. In a letter Peacock sent to USAA teammates yesterday, the …
Posted: Aug 20, 2024
Kenya Reinsurance Corporation Limited (Kenya Re) has announced its financial results for the first half of 2024, reporting after-tax profits totalling KSh 1.06 billion (USD 8.2m), down from KSh 1.17 billion (USD 9.1m) during the same period the ye...
Posted: Aug 20, 2024
An upstate New York jury has awarded more than $287 million in punitive damages and other compensation to a man and the estate of his deceased girlfriend following a fatal accident involving their Harley-Davidson “trike” motorcycle. The L...
Posted: Aug 20, 2024
The US Coast Guard is investigating a fatal blast at a natural gas pipeline in Louisiana. A contractor working on a pipeline near South Pass, Louisiana, went missing after an explosion and fire late Saturday, Coast Guard spokesman Ryan Schultz …...
Posted: Aug 20, 2024
In Fernley, Nevada, east of Reno, there are 16 cords that rapidly charge electric vehicles — not bad for a city of just 24,000 people. This weekend, that ratio will be upended. Roughly 30,000 vehicles are expected to roll through …
Posted: Aug 20, 2024
Record cat bond issuance and large spreads indicate a strong demand for reinsurance capacity, leading to continued interest in parametric-triggered reinsurance and insurance-linked securities (ILS) in the first half of 2024, according to AM Best’s...
Posted: Aug 20, 2024
Insurance Business Magazine - US
Posted: Aug 20, 2024
USAA President, CEO Peacock Retiring in 2025 USAA announced that its chief executive officer and pre...
Posted: Aug 20, 2024
Converge Insurance CEO Tal...
Posted: Aug 20, 2024
The product is underwritten by DUAL’s newly formed Transaction Solutions team on behalf of Lloyd’s carriers.
Posted: Aug 20, 2024
State AGs Seek Treble Damages Against Live Nation for Concertgoers Attorneys general from about tw...
Posted: Aug 20, 2024
For many property owners, the insurance landscape is bleak. Even the largest brand name insurance carriers are finding it unfeasible to keep writing new policies in states like California that’ve seen particularly large wildfire and flood losses.
Posted: Aug 20, 2024
Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB...
Posted: Aug 20, 2024
Annja Karlsson has joined Storebrand, a Norwegian financial services company offering pension, savings, insurance and banking products, as Head of Reinsurance. Headquartered in Oslo, Norway, Storebrand offers its products to individuals, businesse...
Posted: Aug 20, 2024
TOPEKA, Kan. (AP) — Kansas will pay $50,000 to settle a federal anti-discrimination lawsuit filed by a former state Highway Patrol employee who claimed to have been fired for coming out as transgender. Democratic Gov. Laura Kelly and eight leaders &#...
Posted: Aug 20, 2024
Texas is facing its biggest test of the summer this week to keep the power on — and air conditioners running — as temperatures hit triple digits and push electricity consumption to all-time highs. Power use on the state grid …
Posted: Aug 20, 2024
Scott Bloomquist, a dirt track race car driver who was known for his bravado and for being one of the sport’s best, died Friday in a plane crash on his family’s farm in Mooresburg, Tennessee, friends and local officials said. …
Posted: Aug 20, 2024
The Southeast Asia Disaster Risk Facility (SEADRIF) Insurance Company has appointed Heddy Pritasa as a Board Member, while Dr. Yoshihiro Kawai, with the Council of Members’ endorsement, will assume the new role of SEADRIF Initiative Director...
Posted: Aug 20, 2024
Donald Trump wants to sell more high-end condos in the US, this time using a famously difficult Florida golf course as a draw. The former president’s family business is seeking to build residences and retail inside the Trump National Doral R...
Posted: Aug 20, 2024
Taiwan’s CTBC Financial Holding Co. said it plans to buy smaller rival Shin Kong Financial Holding Co., a move that could form the island’s largest financial conglomerate. Amid speculation swirling of a takeover, the Taipei-based firm ann...
Posted: Aug 20, 2024
Cytora, the digital risk processing platform has partnered with GeoSmart Information, the environmental data specialist, in a move that it set to help insurers stem flood risk. From what we understand, the integration of GeoSmart Information’s dat...
Posted: Aug 20, 2024
Thunderstorms are forecast across the Mediterranean from Corfu to Sicily, where a luxury yacht sank off the coast on Monday after being struck by a waterspout, a form of tornado. Orange storms alerts are in place for a swath of …
Posted: Aug 20, 2024
Chaucer, the global specialty re/insurance firm has appointed industry veteran Alex Baker as Class Underwriter within its political violence and crisis management team. Baker brings a deep degree of expertise towards his new role, having previousl...
Posted: Aug 20, 2024
Ardonagh Advisory, a UK insurance broking and consulting firm, has announced its plan to acquire R.K. Henshall & Co. Limited, a chartered insurance broker based in Sandbach, Cheshire. Founded in 1976, R.K. Henshall & Co. employs 35 people...
Posted: Aug 20, 2024
Marsh, the insurance broker, risk advisor and a subsidiary of Marsh McLennan, is launching a first-of-its-kind $50 million port blockage insurance facility, covering shipping ports and terminals globally. Following the collapse of the Francis Scot...
Posted: Aug 20, 2024
Industrial insurer HDI Global SE, part of the Talanx Group, has posted a combined ratio of 91.1% for the first half of 2024, an improvement from 93.1% from the same period in 2023. At the same time, the company’s insurance revenue totaled €4...
Posted: Aug 20, 2024
This post is part of a series sponsored by PCF Insurance Services. PCF Senior Benefits Practice Leader, Jason Milz, shares how partnering with a licensed insurance agent helps you effectively manage and reduce your prescription drug costs for 2024. F...
Posted: Aug 20, 2024
Brazilian reinsurance company Austral Re has announced its financial results for the first half of 2024, reporting a net profit of R$ 27.7 million (USD 5m) and a 13% increase in gross reinsurance premiums (GRP) compared to the same period in the y...
Posted: Aug 20, 2024
This post is part of a series sponsored by AgentSync. America’s home insurance crisis By now, if you haven’t heard about insurance companies (large and small) and their max exodus from the most risky states, you may have been living ̷...
Posted: Aug 20, 2024