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Morgan Stanley International chairman Jonathan Bloomer is among those confirmed missing by Italian authorities along with British tech entrepreneur Mike Lynch after the luxury yacht they were on board sank off the coast of Sicily early Monday. The he...
Posted: Aug 20, 2024
Morgan Stanley International chairman Jonathan Bloomer is among those missing, along with UK tech entrepreneur Mike Lynch, as Italian authorities continue to search the wreckage of the luxury yacht that sank during a storm off the coast of Sicily. Sp...
Posted: Aug 20, 2024
Posted: Aug 20, 2024
According to initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ), the flash flooding in Toronto and other parts of southern Ontario between July 15-16, 2024, is estimated to have caused over $940 million in insured damage. A...
Posted: Aug 20, 2024
Las Vegas set a heat record of 117 degrees Fahrenheit (47.2C) in 1942, and for 82 years no weather system could budge it. Thermometers registered the same temperature four more times, all since 2005, without setting a new high. Then …
Posted: Aug 20, 2024
A majority of the growth seen in reinsurance demand for health products in emerging markets has been generated in Asia, heavily owed towards fast premium expansion of fixed-benefit products such as critical illness and personal accident, according...
Posted: Aug 20, 2024
Freddie Mac’s Single-Family Credit Risk Transfer (CRT) Program has successfully closed its 100th Agency Credit Insurance Structure (ACIS) transaction. This ACIS 2024-SPH2 transaction executed in Q3 transfers risk on an initial reference pool of fu...
Posted: Aug 20, 2024
A powerful U.S. committee that scrutinizes foreign investment for national security risks fined T-Mobile $60 million, its largest penalty ever, for failing to prevent and report unauthorized access to sensitive data, senior U.S. officials said on Wed...
Posted: Aug 20, 2024
Pilgrim’s Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with rivals to underpay chicken farmers, the final and by far the largest settlement in the seven-year-old antitrust case. A p...
Posted: Aug 20, 2024
Attorneys general from about two dozen U.S. states are seeking treble damages against Live Nation Entertainment and its ticket-selling unit, Ticketmaster, for allegedly monopolizing markets across the live concert industry in an updated version of a...
Posted: Aug 20, 2024
HATTIESBURG, Miss. (AP) — A Mississippi poultry processing plant has agreed to a settlement with the U.S. Department of Labor that requires it to pay $164,814 in fines and put in place enhanced safety measures following the death of a …
Posted: Aug 20, 2024
COLUMBIA, S.C. (AP) — The family of a South Carolina woman struck in the head and killed by a rotting 70-year-old utility pole will get $30 million through a wrongful death settlement reached Thursday. Electric company Dominion Energy, which installe...
Posted: Aug 20, 2024
On July 1, 2024, new Virginia Code § 8.01-66.1 became effective and created a new bad faith cause of action that can be significant for underinsured or uninsured (UIM) carriers. The prior Va. Code § 8.01-66.1 did not create a …
Posted: Aug 20, 2024
Galway Holdings, a diversified broker and insurance distribution platform, has appointed Frank Mammaro as Chief Financial Officer (CFO), based in Jersey City. The appointment follows the reshuffling of the leadership team in February 2024, as Jenn...
Posted: Aug 20, 2024
A neighbor reported smelling gas to a utility company the night before a home exploded in Bel Air, Maryland, killing two people, The Baltimore Sun has reported. Residents near the home have been saying that they smelled gas Saturday night, …
Posted: Aug 20, 2024
Small-scale cannabis farmers in California are calling it quits, crushed by crop damage from devastating wildfires and sliding prices, and industry experts expect the exodus to continue near-term in the largest pot market in the United States. Unlike...
Posted: Aug 20, 2024
Buckner appointed Kevin Peterson as its new director of partnerships. Peterson joins Buckner from WCF Insurance, where he was most recently senior vice president of middle market. Before that, he spent over 20 years at Nationwide, holding various rol...
Posted: Aug 20, 2024
News I've Been Waiting for on Batteries (and Climate) PaulCarroll
Posted: Aug 19, 2024
Flooding caused by heavy rains is being blamed for the deaths of two women, major damage to roads and other infrastructure, and substantial residential and vehicle flooding over the weekend and Monday in Connecticut, New York and New Jersey. Connecti...
Posted: Aug 19, 2024
Insurance Information Institute
For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected] NEW YORK, Aug. 20, 2024 – Amica Mutual Insurance Company has joined the Insurance Information Institute (Triple-I) as its most recent member. Headquartered...
Posted: Aug 19, 2024
In less than 12 months, the carrier successfully migrated business to the Socotra platform to achieve agility, scalability and customer satisfaction.
Posted: Aug 19, 2024
The sales and marketing automation tool, which helps agencies of all sizes boost profitability and growth, now reaches 5,000 agencies.
Posted: Aug 19, 2024
Insurance Business Magazine - US
Posted: Aug 19, 2024
Insurance Business Magazine - US
Posted: Aug 19, 2024
AM Best: Modest Growth in ILS Capacity, While Cat Bonds Break Record Insurance-linked securities (ILS) capacity l...
Posted: Aug 19, 2024
Founded in 2013, Caresyntax's platform collects, integrates, and analyzes data before, during, and after surgical operations.
Posted: Aug 19, 2024
California Governor Signs Legislation Cracking Down on Retail Crime, P...
Posted: Aug 19, 2024
Insurance Business Magazine - US
Posted: Aug 19, 2024
ClaimSetter joins HawkSoft’s Solution Partner program HawkSoft and ClaimSetter are announcing a new collaboration to help independent insurance agencies regain control of their insured’s experience during the claims process. ClaimSetter...
Posted: Aug 19, 2024
Posted: Aug 19, 2024
Monica Manske of PMA Companies shares her expert insights on the critical role of data in managing workplace safety risks, the importance of a comprehensive onboarding process, and the unique challenges faced by new employees in the context of wor...
Posted: Aug 19, 2024
Canada Rail Strike Could Disrupt U.S. Supply Chain This Week Canada's two largest railroads are startin...
Posted: Aug 19, 2024
Survey Finds U.S. Workers Glum on Compensation, Job Outlook U....
Posted: Aug 19, 2024
AM Best: Modest Growth in ILS Capacity While Cat Bonds Break Record Insurance-linked securities (ILS) capacity le...
Posted: Aug 19, 2024
Ardonagh Advisory, Ardonagh Group’s SME broking platform, has agreed to acquire UK chartered insurance broker R.K. Henshall & Co. Ltd. Financial details of the transaction, which is subject to regulatory approval, were not disclosed. Establ...
Posted: Aug 19, 2024
U.S. workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve. In its Survey of Consumer Expectations Labor Market Survey for July, the regional Fed bank said that R...
Posted: Aug 19, 2024
Improving lifestyle and metabolic health has significant potential to reduce cancer-related claims in Life & Health (L&H) insurance within a few years, according to Tobias Schiergens and John Schoonbee of Swiss Re. Schiergens, the Senior G...
Posted: Aug 19, 2024