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Ten of the top 15 metropolitan areas for wildfire risk concentration are in California, while 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 …
Posted: Aug 13, 2024
Two people were killed and 12 families displaced after a Maryland house exploded Sunday amid reports of a possible gas leak, fire officials said. Neighbors described feeling and hearing the early morning blast that damaged a number of surrounding hou...
Posted: Aug 13, 2024
INSTANDA, a no-code, digital platform for insurance carriers and managing general agents, has hired Professor Andy Pardoe to the position of interim Chief AI Officer, where he will work directly with INSTANDA’s Co-Founder and CEO, Tim Hardcastle,...
Posted: Aug 13, 2024
Analysts at JMP have described the recent selloff in Skyward Specialty Insurance shares as “overdone”, attributing it largely to a misinterpretation of details in the company’s 10-Q disclosure. This misunderstanding, they argue,...
Posted: Aug 13, 2024
Global property and casualty (P&C) insurer Chubb has announced three executive appointments in its finance organisation, effective September 4th, 2024. George Ohsiek has been named Vice President of Chubb Group and Chief Accounting Officer, su...
Posted: Aug 13, 2024
Liberty Mutual Reinsurance (LM Re), a division of Liberty Mutual Insurance Group, has announced a new collaboration with Insurtech firm Sprout, Inc. and Britam, a financial services company serving as the local underwriter. Together, they are intr...
Posted: Aug 13, 2024
Milliman, a global consulting and actuarial firm, estimates that the total economic cost of remediating perfluoroalkyl and polyfluoroalkyl substances (PFAS) contamination in US drinking water systems will range from $120 billion to $175 billion. P...
Posted: Aug 13, 2024
This post is part of a series sponsored by AgentSync. Insurance compliance is serious business. Falling out of compliance can have real consequences for everyone from insurance agencies, carriers, MGAs, and MGUs, to individual producers, adjusters, a...
Posted: Aug 13, 2024
Thai authorities are racing to stop about 100 shipping containers allegedly filled with hazardous industrial waste from Albania reaching the nation’s ports. Basel Action Network, a US-based nonprofit that tracks toxic trade which precarviously...
Posted: Aug 13, 2024
Miller, the independent specialist reinsurance and insurance broker, has appointed Cedric Thevenot as an Account Executive for Sports and Entertainment, effective September 2nd 2024. He is based in Paris, working closely with Didier Loiseau, Head...
Posted: Aug 13, 2024
Hiscox, the global specialist insurer, has launched the London insurance market’s first lead underwriting platform enhanced by generative AI, aiming to provide sabotage and terrorism insurance quotes to customers faster and more efficiently tha...
Posted: Aug 13, 2024
Flood Re has appointed Tony Ballance to its Board of Directors as a Non-Executive Director, where his expertise in sustainability and regulation will reportedly be invaluable as climate change continues to intensify and increase flood risk, ahead...
Posted: Aug 13, 2024
hyperexponential, a pricing platform for global re/insurers, has observed that while new technology has opened up significant opportunities, issues with the broader ecosystem and outdated systems are hindering innovation and limiting insurers̵...
Posted: Aug 13, 2024
The International Underwriting Association (IUA) has announced the appointment of two new staff members to its secretariat supporting companies in the London re/insurance market, May El Mantawy and Faye Hepburn. El Mantawy and Hepburn have both st...
Posted: Aug 13, 2024
Insurity, a provider of cloud software for insurance carriers, brokers, and MGAs, has released insights from its 2024 Severe Weather P&C Consumer Pulse survey. This survey highlights consumers’ concerns about their property and casualty...
Posted: Aug 13, 2024
Global insurers Allianz and Fortegra have strategically partnered with Jetty, the fintech company, to provide reinsurance for all new policies written under its core products Jetty Deposit and Jetty Renters Insurance. Jetty, the US domiciled finte...
Posted: Aug 13, 2024
UK spies are stepping up efforts to tackle cyber and artificial intelligence threats from hostile foreign states, including the sort of online manipulation that helped foment rioting across the country in the past 10 days. GCHQ, the UK’s nation...
Posted: Aug 13, 2024
Credit insurer Coface has reported its first half of 2024 results with an improved combined ratio of reinsurance and a net income of €142.3 million, up 10% compared to the same period the year prior. For H1 2024 the insurer also recorded a consoli...
Posted: Aug 13, 2024
Schlatter Industries’ network was attacked with malware on Friday and it can be assumed this was a professional attack, the Switzerland-based company said on Monday. The group was hit on Friday by a cyberattack using malware, and the unknown pe...
Posted: Aug 13, 2024
The 22 acquirers that make up the Sica Fletcher Index were involved in 242 agent-broker deals in the first six months of 2024, totaling $635 million in revenue. That is a 45% drop in revenue from what was acquired during …
Posted: Aug 13, 2024
The U.S. Securities and Exchange Commission on Monday sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over $650 million from more than 200,000 investors worldwide, including many Haitian-Americans...
Posted: Aug 13, 2024
The South Carolina Court of Appeals has signaled that employers who offer on-site health clinics may not be immune from tort claims from injured or sickened workers. It’s the latest twist to a question that has bounced around courts and …
Posted: Aug 13, 2024
With eleventh hour guidance from the state, Maine gun retailers on Friday began requiring a three-day wait period for gun purchases under one of the new safety laws adopted following the state’s deadliest mass shooting. Maine joined a dozen oth...
Posted: Aug 13, 2024
Kairos Risk Solutions, a Singapore-based boutique insurance solutions consultancy, has signed an agreement with Thailand’s CHAZ Insurance Brokers to offer expertise in Parametric and Trade Credit Insurance. Kairos will assist CHAZ with marketing a...
Posted: Aug 13, 2024
Embroker, headquartered in San Francisco, appointed Andrew (Andy) Lea chief insurance officer and promoted Kristy Malm to chief operating officer. Lea mas more than two decades of insurance experience. Beginning his career in insurance as an underwri...
Posted: Aug 13, 2024
Federal workplace safety officials say that Adidas America Inc. – maker of one of the world’s best-selling sneakers – faces almost $400,000 in penalties for allegedly continuing to ignore federal workplace safety standards. The Occu...
Posted: Aug 13, 2024
In her yard under the blazing sun, Debbie Penrose Fischer leafed through a water-logged cookbook with sentimental value that she hoped to salvage but doubted she could. Nearby, friends helped carry boxes out of her family’s garage, which was in...
Posted: Aug 13, 2024
Claims that a workers’ compensation insurer’s conduct after it canceled a policy were negligent are for a court, not the state’s workers’ compensation board, to decide, the Connecticut Appellate Court has ruled. Liberty Mutual...
Posted: Aug 13, 2024
Claims that a workers’ compensation insurer’s acted with negligence after it canceled a policy are for a court, not the state’s workers’ compensation board, to decide, the Connecticut Appellate Court has ruled. Liberty Mutual...
Posted: Aug 13, 2024
Johnson & Johnson has cleared a key hurdle for advancing a $6.5 billion plan to resolve thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter. More than 75% of …
Posted: Aug 12, 2024
Liberty Mutual’s ‘Deliberate Actions’ Keep It on Path to Profi...
Posted: Aug 12, 2024
The partnership, which is part of Arch Insurance’s digital transformation, will accelerate commercial insurance workflows.
Posted: Aug 12, 2024
Despite the value of genetic information to life insurance policyholders, misconceptions impede its widespread adoption among not just policyholders but also insurers.
Posted: Aug 12, 2024
The new application has the potential to modernize the insurance industry by offering a rating platform that integrates seamlessly with existing systems, ensuring faster, more efficient product launches.
Posted: Aug 12, 2024
In recent months the dynamic markings for voices asserting the insurance industry is not up to challenges posed by climate change have gone from mezzo-piano to mezzo-forte. In his endorsement of a proposal by Representative Adam Schiff (D-Calif.) to...
Posted: Aug 12, 2024
Dyad's ACE-HUB is a cloud-based single connection point for multi-carrier data exchange.
Posted: Aug 12, 2024
announced its partnership with Harvey Insurance Agency, a second-generation agency located in Pasco, Washington. Harvey represents Patriot’s first partnership in the Pacific Northwest. Harvey Insurance Agency, founded in 1995 by...
Posted: Aug 12, 2024
Progressive reinforced their commitment to investing in Florida's market.
Posted: Aug 12, 2024
DLD Insurance Brokers specializes in serving companies with multibillion-dollar portfolios in the construction, real estate, manufacturing, medical device and technology sectors.
Posted: Aug 12, 2024
RSA is the first UK insurer to implement the Guidewire Cloud solution.
Posted: Aug 12, 2024
These discounts highlight the importance of safety courses, multi-car policies, and specific vehicle features in lowering insurance costs.
Posted: Aug 12, 2024
Labor Market Study: 14% of Carriers Plan to Reduce Headcount Fourteen percent of insurance companies plan to red...
Posted: Aug 12, 2024
Founded in 2021, the California startup raised $17.5 million.
Posted: Aug 12, 2024
Markerstudy's decision underscores its commitment to Northern Ireland, where brokers already have a strong presence.
Posted: Aug 12, 2024