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Hurricane Season Highlights Decline of 3-Tab Asphalt Shingles Impa...
Posted: Aug 12, 2024
Highly Active Atlantic Hurricane Season Still Expected Federal forecasters are still predicting a highl...
Posted: Aug 12, 2024
This post is part of a series sponsored by TSIB. Insurance Carriers are reducing their appetite for risk and increasing premiums. This means they are being much more selective in what they are willing to insure. If they are going …
Posted: Aug 12, 2024
Anti-Theft Software Slows Thefts of Hyundai, Kia Vehicles A software upgrade offered to Hyundai...
Posted: Aug 12, 2024
The new underwriting model enables Hiscox’s sabotage and terrorism line of business to significantly reduce the time taken from the submission of a risk through to the quote stage.
Posted: Aug 12, 2024
Founded in 2014, Palomar offers customized specialty insurance solutions for homes and businesses in the face of earthquakes, hurricanes and floods.
Posted: Aug 12, 2024
The U.S. Environmental Protection Agency announced a settlement with Amerikal Products Corp. of Waukegan, Illinois, for allegedly selling and distributing an unregistered pesticide product in violation of the Federal Insecticide, Fungicide, and Roden...
Posted: Aug 12, 2024
As students across Kansas prepare to return to the classroom, Kansas Insurance Commissioner Vicki Schmidt reminds students and parents to add insurance to their back-to-school checklist. “Many insurance companies offer products and discounts ge...
Posted: Aug 12, 2024
The family of a Texas man who died while working at Tesla’s Austin-area facility last week is suing the electric vehicle company and his employer. The lawsuit said the worker, Victor Joe Gomez Sr., was at the facility on Aug. …
Posted: Aug 12, 2024
The Texas attorney general is investigating CenterPoint Energy Inc. citing potential violation of the state’s law in the utility’s response during Hurricane Beryl, when millions in the Houston area were left without power — some for days...
Posted: Aug 12, 2024
This edition of International People Moves details appointments at re/insurer Everest Group and Evolin Broking. A summary of these new hires follows here. Everest Launches Global Broker Management Team Led by Izzo Everest Group Ltd., the Bermuda-base...
Posted: Aug 12, 2024
For conservative groups, losing big at company annual meetings is still winning. That’s because their growing presence at the shareholder gatherings is simultaneously disrupting management plans and generating headlines, even as their proposals...
Posted: Aug 12, 2024
Analysts at Morningstar DBRS predict that the total insured losses from the recent UK riots will be manageable for British insurers, estimating that they will remain below £250 million. The impact on the insurance industry is expected to be limite...
Posted: Aug 12, 2024
Insurance brokerage firm, Brown & Brown has announced the appointment of Stephen P. Hearn to its board of directors. H. Palmer Proctor, Jr., Brown & Brown’s lead independent director and chair of the Nominating/Corporate Governance Committ...
Posted: Aug 12, 2024
Global specialist insurer Hiscox has gone live with its Google Cloud-backed generative artificial intelligence (AI) underwriting model for sabotage and terrorism insurance quotes. Considered the London insurance market’s first underwriting model o...
Posted: Aug 12, 2024
Hawaiian Electric Industries Inc. pegged losses from estimated accrual of liabilities stemming from one of the worst wildfires in US history at $1.7 billion and issued a going-concern warning. Hawaiian Electric said last week that it had agreed to pa...
Posted: Aug 12, 2024
Employers are expanding comprehensive wellbeing programs to meet employee needs, while adopting varied cost management strategies amid rising health and drug costs, a Gallagher benchmarking report finds. The post
Posted: Aug 12, 2024
African Risk Capacity (ARC) Ltd., the parametric insurer and financial affiliate of the ARC Group, has released its 2023 annual report, revealing a net profit of $13 million, a significant recovery from a $29 million loss over the past two years....
Posted: Aug 12, 2024
First, he orchestrated a staged auto accident in Georgia. Then he murdered a co-conspirator in 2019 in a disagreement over payment from insurance proceeds related to the faked crash. Today, Norman Uriah Simmonds Jr., 45, of Lilburn, Georgia, is heade...
Posted: Aug 12, 2024
The new underwriting model enables Hiscox’s sabotage and terrorism line of business to significantly reduce the time taken from the submission of a risk through to the quote stage.
Posted: Aug 12, 2024
Aventum, an international insurance and reinsurance group, is investing in the development of an innovative AI Underwriting Assistant, following its inaugural Bear Cave Innovation Challenge. Every member of staff across Aventum was encouraged to p...
Posted: Aug 12, 2024
The Colorado wildfire that tore through 15 square miles (39 square kilometers) and destroyed 48 buildings, over half of which were homes, was human-caused, investigators said. The Alexander Mountain Fire burning near Loveland, about an hour’s d...
Posted: Aug 12, 2024
Former insurance executive Greg Lindberg, now awaiting sentencing in a North Carolina bribery conviction, and his companies must pay almost $167 million to an insolvent life insurance company in the Netherlands, a federal judge decided last week. ...
Posted: Aug 12, 2024
TMG Insurance Services, LLC (The Mutual Group), an integrated insurance operations platform serving the mutual industry, has announced the appointment of Patrick Markowski as senior vice president and chief operating officer. AS COO, Markowski wil...
Posted: Aug 12, 2024
Boston police reported that a construction worker fell to his death while working on restoring Emerson College’s Cutler Majestic Theater on Friday, August 9. Police were called to the scene on Tremont Street at 12:45 pm. Photos showed scaffoldi...
Posted: Aug 12, 2024
A lawsuit stemming from the Titan submersible disaster felt inevitable, but winning a big judgment against the owner of the vessel could be very difficult, legal experts said on Thursday. The family of French explorer Paul-Henri Nargeolet, one of fiv...
Posted: Aug 12, 2024
As Florida’s property insurance market improves on the back of reforms, Insurance Commissioner Michael Yaworsky has revealed that Progressive is committed to investing in the state, just days after Hurricane Debby’s landfall in the Big Bend...
Posted: Aug 12, 2024
QBE More Than Doubles First-Half Profit, but Misses Estimates Australia's...
Posted: Aug 12, 2024
More People Moving In Than Out of Counties With High Catastrophe Risk Despite the dangers and expense a...
Posted: Aug 12, 2024
California Commissioner Orders Insurance Cancellation Moratorium for 185K Residents C...
Posted: Aug 12, 2024
AM Best, a credit rating agency, has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Martello Re Limited, an insurance and reinsurance company based in Hamilton, Bermuda, the outlo...
Posted: Aug 12, 2024
The British government is considering changes to the Online Safety Act designed to regulate social media companies, following a week of racist rioting driven by false information online. WHY IT’S IMPORTANT The act, passed in October but not set...
Posted: Aug 12, 2024
Vietnam National Reinsurance Corporation (VINARE) has announced its financial results for the first half of 2024, reporting a total revenue of VND1,696 trillion, around $68 million dollars, an 8.2% increase year-on-year and attaining 58.1% of the...
Posted: Aug 12, 2024
Howden, a global insurance intermediary group, has acquired UK health and life insurance broker, Help Me Compare Group Limited (ActiveQuote) and its subsidiaries (HMCGL), in a move that is set to bolster Howden’s position across the health i...
Posted: Aug 12, 2024
Four suspected attacks by Yemen’s Houthi rebels targeted a Liberian-flagged oil tanker in the strategic Bab el-Mandeb Strait linking the Gulf of Aden to the Red Sea, including one that saw private security guards shoot and destroy a bomb-loaded...
Posted: Aug 12, 2024
Sven Althoff, Member of the Executive Board for P&C at Hannover Re, said today that the global reinsurer is not expecting a change in P&C market sentiment despite another active period for catastrophe losses, notably from secondary perils....
Posted: Aug 12, 2024
Insurance Business Magazine - US
Posted: Aug 12, 2024
Rokstone, a speciality re/insurance MGA and part of Aventum Group, has announced the appointments of Stuart Lee as Chief Actuary and Martin Thomas as Head of Underwriting Management. These appointments are expected to enhance decision-making and o...
Posted: Aug 12, 2024