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Renewable energy insurers remain optimistic despite challenges, as the industry adapts to support the transition to a net-zero future, according to a report by WTW. The post
Posted: Aug 14, 2024
Five Takeaways After 13 Month Global High Temperature Streak Ends After 13 months of what felt like an...
Posted: Aug 14, 2024
BISMARCK, N.D. (AP) — A ballot initiative to legalize recreational marijuana in North Dakota has qualified for the November election, the state’s top election official said Monday. That sets up another vote on the issue in the conservative stat...
Posted: Aug 14, 2024
Thousands of FirstEnergy Corp.’s customers in Ohio will potentially be without power through this after two tornadoes hit the northeastern part of the state last Tuesday. About 252,000 customers of The Illuminating Company were still experienci...
Posted: Aug 14, 2024
In the wake of flash flooding in the Bismarck-Mandan area, North Dakota Insurance Commissioner Jon Godfread is reminding residents to take immediate steps to assess and document any property damage and to review their insurance policies to understand...
Posted: Aug 14, 2024
FTI Consulting, Inc., headquartered in Washington, appointed Thomas Thompson as a senior managing director in Houston Thompson has more than three decades of experience in the construction and engineering industries. Before joining FTI, he was a mana...
Posted: Aug 14, 2024
A Russian court has ordered that assets worth around $1.15 billion of a British subsidiary of German industrial gases company Linde be frozen in a dispute over a gas processing plant, court filings showed on Wednesday. RusChemAlliance, which filed th...
Posted: Aug 14, 2024
The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly see...
Posted: Aug 14, 2024
There is no excerpt because this is a protected post. The post Protected: Fleabitten appeared first on Risk & Insurance.
Posted: Aug 14, 2024
US primary insurer Progressive’s property business loss estimate reduced by $60.4 million in the month of July, reflecting further development on the May storms. Back in June, property and auto-focused insurance group Progressive announced n...
Posted: Aug 14, 2024
This edition of International People Moves details appointments at program manager Accredited UK & Europe and insurance broker Aon. A summary of these new hires follows here. Accredited Taps SCOR’s McMurdo to Lead Its UK and European Operat...
Posted: Aug 14, 2024
“The insurance industry has become black and white, which distances it from the reality that consumers face. Algorithms control premiums and appetites have become too hardened.” The post
Posted: Aug 14, 2024
A Georgia grand jury has indicted an investment manager, charging that he diverted almost $6 million from GEICO Insurance for his own use. Dwayne Peterson Davis, 54, of Atlanta, was a business partner with GEICO in a multimillion-dollar commercial de...
Posted: Aug 14, 2024
The U.S. Bureau of Labor Statistics reported today that the Consumer Price Index (CPI) increased 0.2 percent in July, after declining 0.1 percent in June. Over the last 12 months, the all items index increased 2.9 percent. The core consumer …
Posted: Aug 14, 2024
Extreme heat in parts of Spain and France is giving way to storms and flood warnings, while Greece is bracing for more blazes after the huge wildfire near Athens was brought under control. Orange alerts are in place for a …
Posted: Aug 14, 2024
Oliver Wyman, a global management consulting firm and a business of Marsh McLennan, has announced a collaboration agreement with AKA Consulting, an actuarial and risk consulting firm based in the Cayman Islands. Through this collaboration, Oliver...
Posted: Aug 14, 2024
Insurance Business Magazine - US
Posted: Aug 14, 2024
Insurance Business Magazine - US
Posted: Aug 14, 2024
Systems will help monitor and prevent water damage in construction, commercial, and industrial locations.
Posted: Aug 14, 2024
Great-West Lifeco is a Canadian headquartered, international financial services holding company.
Posted: Aug 14, 2024
Deal transitions the funeral and cemetery company to private ownership.
Posted: Aug 14, 2024
The company reported a net income of $813.5 million.
Posted: Aug 14, 2024
Over 80,000 submissions were sold during the second quarter, continuing the strong trends seen in recent quarters.
Posted: Aug 14, 2024
Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has announced the appointment of insurance veteran Stephen Moss to its Board of Directors. Moss brings three decades of industry experience and is currently Group H...
Posted: Aug 14, 2024
Roughly 290 residences in Alaska’s capital city were damaged last week by flooding from a lake dammed by the Mendenhall Glacier, officials said. In addition to the homes and apartment and condo units, at least two businesses were damaged, Deput...
Posted: Aug 14, 2024
American Integrity Insurance, a regional provider of property insurance, has announced that it now offers coverage for homes up to 75 years old in South Carolina. Since entering the South Carolina market in 2022, the company has been steadily expa...
Posted: Aug 14, 2024
More than 2.6 million homes across 14 US states are at moderate to very high risk of wildfire damage during 2024’s wildfire season, with a total reconstruction cost of $1.3 trillion, according to a new report from CoreLogic, a provider of pr...
Posted: Aug 14, 2024
Chubb Appoints Ohsiek Chief Accounting Officer, Hagan CFO of Operations and Le as Chief Auditor Chubb made three executive appointments effective Sept. 4. Chubb appointed George Ohsiek as vice president and chief accounting officer of the Chubb Group...
Posted: Aug 14, 2024
Reinsurers are expected to cover around four-fifths of the loss in insured property damage caused by Hurricane Beryl in the Caribbean, which is estimated US$500-million, according to Ian Chinapo, Head of Guardian Holdings Limited (GHL), a local in...
Posted: Aug 14, 2024
Insured Losses From UK Riots Will Be Manageable, With Claims Bel...
Posted: Aug 14, 2024
Taylor Swift Cancellations Deal Blow to Insurers: Sources Insurers face millions...
Posted: Aug 14, 2024
Allstate to Sell Employer Voluntary Benefits Business to StanCorp for $2 Billion Insurer Allstate has agreed...
Posted: Aug 14, 2024
General Motors GM.N has been sued by the state of Texas, which accused the automaker of installing technology on more than 14 million vehicles to collect data about drivers, which it then sold to insurers and other companies without drivers’ &#...
Posted: Aug 14, 2024
After a record 2023, the insurance-linked securities (ILS) market again set records in the first half of 2024, with strong catastrophe bond issuance on the back of robust demand from investors, as the secondary market experienced record high tradi...
Posted: Aug 14, 2024
As the California property market experiences a dynamic and challenging time, it faces an escalating risk of wildfires, a peril that needs multiple perspectives in order to understand it, experts stated during Guy Carpenter’s recent Californ...
Posted: Aug 14, 2024
Tropical Storm Ernesto pounded Puerto Rico with torrential rain and winds as it brushed by the island on a track that’s likely to see it become a hurricane later Wednesday. Ernesto was about 85 miles (135 kilometers) north-northwest of San R...
Posted: Aug 14, 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has appointed Aditya V. Tibrewala as Chief Executive Officer of Sompo Insurance (Thailand) PCL (Sompo Thailand), effective immediately. He will con...
Posted: Aug 14, 2024
Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday. The deal comes at a time …
Posted: Aug 14, 2024
Amwins, a distributor of specialty insurance products and services, has launched the “Tees-to-Green” flood insurance programme in partnership with Floodbase and supported by highly-rated carriers. This programme is designed to cover US...
Posted: Aug 14, 2024
In their results for the second quarter of 2024, Conifer Holdings has reported a 57.5% decrease in gross written premiums (GWP), falling to $19.0 million, compared to the $44.7 million figure from the second quarter of 2023. According to the firm,...
Posted: Aug 14, 2024
Global insurance broker Acrisure has announced a new leadership team for the Eleven Network, its UK-based retail insurance broking network. Jeff Hobson has been appointed CEO of Eleven Network, joining from Burns & Wilcox, where he previously...
Posted: Aug 14, 2024
South Korea is urging automakers operating in the country to disclose the manufacturer of batteries used in electric vehicles (EV) as authorities try to calm fears over fires involving EVs, after a recent blaze in an underground parking lot that R...
Posted: Aug 14, 2024
South Korea is urging automakers operating in the country to disclose the manufacturer of batteries used in electric vehicles (EV) as authorities try to calm fears over fires involving EVs, after a recent blaze in an underground parking lot that R...
Posted: Aug 14, 2024
British insurer Aviva beat first-half profit expectations following a rise in general insurance premiums in Britain and Ireland, and said on Wednesday it remained confident of meeting its 2026 targets. The life and general insurer, whose main busines...
Posted: Aug 14, 2024