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Bermuda-based Fidelis Insurance Holdings Limited has reported net income of $53.7 million for the second quarter of 2024, despite catastrophe and large losses rising 113% year-on-year as the combined ratio weakened by 10.7 percentage points to 92....
Posted: Aug 15, 2024
Prime Insurance Company, an excess and surplus lines insurance carrier, has announced the appointment of Peggy E. Day as its Executive Senior Vice President of Operations and Strategic Advisor to the CEO. Day has over three decades of experience i...
Posted: Aug 15, 2024
Hurricane Ernesto took aim at Bermuda as almost half of Puerto Rico remained without power in the storm’s wake, the island’s fragile electric grid battered by high winds. Officials declared a hurricane watch for Bermuda, saying Ernesto co...
Posted: Aug 15, 2024
Maritime risks insurer Falvey Insurance Group has announced that Mike Falvey will transition from Chief Executive Officer (CEO) to Executive Chairman, effective January 1st, 2025. Falvey maintains his role as Chairman of the Board, overseeing the...
Posted: Aug 15, 2024
McKinsey & Co. is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of the technology helps the consulting titan and its peers boost revenue following a period of tumult. About 40% of...
Posted: Aug 15, 2024
Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled the market’s leading accounting firm as it faces a regulatory probe, filings show. Chinese authorities have been investigating Pw...
Posted: Aug 15, 2024
AM Best has upgraded the Long-Term Issuer Credit Rating to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating of A (Excellent) of Medical Mutual Insurance Co. of Maine (MMIC). The outlook of these...
Posted: Aug 15, 2024
Issuance of catastrophe bonds is on track to exceed the record set in 2023, as a cocktail of climate change, population density and inflation feeds growth in a market built around natural disasters. A fresh analysis by Swiss Re shows …
Posted: Aug 15, 2024
Florida property insurers considering the expanded use of binding arbitration to settle claims disputes may want to ponder a recent arbitration move by Walt Disney Parks and Resorts: An answer to a lawsuit against Disney, which has made headlines on...
Posted: Aug 15, 2024
Maine workers will now benefit from a law that allows the state to order businesses to pay back wages as well as damages from missed wages. The law went into effect Friday and is the latest state-level effort among Democrat-controlled …
Posted: Aug 15, 2024
More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk of wildfire damage during the 2024 wildfire season, a new report shows. The 2024 CoreLogic Wildfire Risk …
Posted: Aug 15, 2024
The National Transportation Safety Board, which has jurisdiction over pipelines, is investigating a natural gas explosion at a home in Bel Air, Maryland, that killed two people, the agency said Monday. Meanwhile, state officials have identified the t...
Posted: Aug 15, 2024
Another group of broker-dealer and investment advisers have agreed to pay over $470 million to U.S. regulators to settle civil charges they violated recordkeeping rules, the U.S. Securities and Exchange Commission and Commodity Futures Trading Commis...
Posted: Aug 15, 2024
After witnessing strong topline growth across 2022 – 2023, Islamic and Takaful insurers based in the Gulf Cooperation Council (GCC) region are continuing to benefit from favourable growth prospects, which is mainly due to higher insurance de...
Posted: Aug 15, 2024
Five law firms should receive $267 million in legal fees for obtaining a $1 billion settlement for shareholders of Dell Technologies DELL.N, the Delaware Supreme Court ruled on Wednesday, rejecting arguments that the payment was a windfall. The fee i...
Posted: Aug 15, 2024
Like single-family homeowners in California, landlords are facing higher insurance premiums, too. And they’re passing along some of those costs to their tenants. Many insurance companies have stopped writing policies in the state because of inc...
Posted: Aug 15, 2024
Swiss Re Corporate Solutions is determined to be a leader in the international insurance programs space. The post
Posted: Aug 14, 2024
As more health care networks acquire individual physician practices, the workers’ compensation industry must address the medical management costs and patient outcomes associated with this trend. The post
Posted: Aug 14, 2024
As thousands more people move in rather than out of fire- and flood-prone areas, there is a real opportunity for independent agents to help counter the decline in flood insurance coverage.
Posted: Aug 14, 2024
As thousands more people move in rather than out of fire- and flood-prone areas, independent agents have an opportunity to counter the decline in flood insurance coverage.
Posted: Aug 14, 2024
Use the 2024 Best Practices Study insights to see how your agency's performance measures up—starting with sales velocity.
Posted: Aug 14, 2024
The new feature saves time by automatically turning quote documents into digital invoices for insurance businesses.
Posted: Aug 14, 2024
This lawsuit follows Paxton's June 2024 investigation into car manufacturers' data collection practices.
Posted: Aug 14, 2024
Leveraging Data to Enhance Every Agency Role Agent & Broker pwinston
Posted: Aug 14, 2024
'Forever Chemicals' Require Risk Management Review Risk Management
Posted: Aug 14, 2024
FM Capital is a venture capital firm focused on early-to-mid stage automotive and transportation technology companies.
Posted: Aug 14, 2024
The companies are launching a Pet & Public Health Early Warning & Detection System.
Posted: Aug 14, 2024
Phyn offers solutions to detect water leaks.
Posted: Aug 14, 2024
Liberty Mutual Reinsurance, Sprout, and Britam have launched a parametric insurance product to protect Kenyan coffee farmers from climate risk.
Posted: Aug 14, 2024
Global Study Finds Biometrics Top Cybersecurity Choice to Com...
Posted: Aug 14, 2024
The startup helps consumers and financial institutions find and transfer retirement assets.
Posted: Aug 14, 2024
This program is designed to reimburse US golf courses for lost revenue and repair costs when courses are flooded.
Posted: Aug 14, 2024
Report: Majority of Homes Damaged by Hurricane Debby Outside FEMA Flood Zones A new report by climate r...
Posted: Aug 14, 2024
Starting in Alberta and British Columbia.
Posted: Aug 14, 2024
Posted: Aug 14, 2024
California court says insurer must allow claimant to record exams under oath In a contentious claim scenario … settlement could be complicated by conflicting interpretations of nonverbal behaviors during an examination under oath. By Joseph S. Harri...
Posted: Aug 14, 2024