All Posts

Big ‘I’ Participates in 199A Roundtable Discussion

IA Magazine

The deduction, which is scheduled to expire at the end of 2025, is heavily relied upon by many Big “I" members and their clients to expand their small businesses, hire more employees, and better serve their communities.

Posted: Aug 07, 2024

Big ‘I’ and Reagan Consulting Release 2024 Best Practices Study Update

IA Magazine

Best Practices agencies see record operating and financial results.

Posted: Aug 07, 2024

Continental General Selects Sapiens Insurance Platform for L&A

IIR

Continental will deploy the Platform to more efficiently implement its long-term care insurance specialty and expand its TPA services.

Posted: Aug 07, 2024

ease acquires Helvengo

coverager

Helvengo will shut down in an orderly manner. 

Posted: Aug 07, 2024

Fast-Moving Southern California Wildfire Torched Hillside Homes, Forcing Evacuations

Insurance Journal

A fast-moving wildfire that swept into a Southern California hillside community this week destroyed five homes and damaged three others, authorities said. The flames erupted Monday afternoon and chased residents from the neighborhood in San Bernardin...

Posted: Aug 07, 2024

Europ Assistance announces Canadian expansion

coverager

This expansion marks EA’s 36th operational market, its 2nd in North America, joining Generali Global Assistance in the United States.

Posted: Aug 07, 2024

Lockton names Tim Ryan as US president

coverager

Tim will oversee Lockton's largest region.

Posted: Aug 07, 2024

Independent agencies and industry experts recognize Vertafore for innovation and customer-first focu...

coverager

Insurtech leader’s solutions receive top marks from users for performance, functionality and service

Posted: Aug 07, 2024

Hiscox exploring other options for DirectAsia

coverager

Helvengo will shut down in an orderly manner. 

Posted: Aug 07, 2024

Travelers Report: Common Workplace Accidents Drive Claim Costs

Risk & Insurance

Travelers' 2024 Injury Impact Report reveals overexertion, slips, trips, and falls as top causes of workplace accidents. The post

Posted: Aug 07, 2024

Arkansas Fines PBMs $1.5M for Violating State Law

Insurance Journal

Arkansas Governor Sarah Huckabee Sanders and Insurance Department Commissioner Alan McClain announced Tuesday notices of penalties and hearings against four major pharmacy benefit managers (PBMs), Caremark, Magellan, Express Scripts, and MedImpact. T...

Posted: Aug 07, 2024

Study Links Fracking Wastewater Injection to Surface Blowouts in West Texas Oil Wells

Insurance Journal

Fracking wastewater, injected underground for permanent disposal, traveled 12 miles through geological faults before bursting to the surface through a previously plugged West Texas oil well in 2022, according to a new study from Southern Methodist Un...

Posted: Aug 07, 2024

People Moves: Lockton Names Ryan US President; Everest Names Buonpane and Stewart to Lead US Wholesa...

Insurance Journal

Lockton Names Ryan US President Lockton, headquartered in Kansas City, Missouri, appointed Tim Ryan as U.S. president. Ryan has 19 years of experience as the COO of Lockton’s Northeast business and 30 years of industry experience. Ryan reports...

Posted: Aug 07, 2024

Global Average Cost of a Data Breach Reaches $4.88M in 2023

Risk & Insurance

Business disruption and response costs drive up cost of breaches, while AI is lowering costs and plugging talent gaps, IBM finds. The post

Posted: Aug 07, 2024

Thousands more move into fire and flood-prone areas in the US: Redfin

Reinsurance News

Areas in the US endangered by wildfires, flooding, and extreme heat saw thousands more people moving in than out in 2023, according to a recent Redfin report. High-fire-risk counties in the US experienced 63,365 more people move in than out, with...

Posted: Aug 07, 2024

People Moves: Markel Announces 2 Key Hires for International Casualty Team; Howden Re Taps Gruen Fro...

Insurance Journal

This edition of International People Moves details appointments at Markel and Howden Re. A summary of these new hires follows here. Markel Appoints 2 Key Hires for International Casualty Team Markel, the insurance operations within Markel Group, anno...

Posted: Aug 07, 2024

Virginia Declares State of Emergency in Anticipation of Tropical Storm Debby

Insurance Journal

Governor Glenn Youngkin declared a state of emergency for Virginia based on National Weather Service and National Hurricane Center forecasts that indicate the state could see significant rainfall and flooding from Tropical Storm Debby. The Virginia E...

Posted: Aug 07, 2024

King Insurance Partners Acquires Lincoln Group in Georgia

Insurance Journal

King Insurance Parnters, based in Gainesville, Florida, continues to expand with the acquisition of Lincoln Insurance Group in McDonough, Georgia. Lincoln is an independent agency that offers auto, home, life and commercial inurance coverage, King sa...

Posted: Aug 07, 2024

Everest Insurance appoints new leaders for US Wholesale and Programs business

Reinsurance News

Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, has appointed Stephen Buonpane to lead its US Wholesale and Programs business and named Danielle Stewart as Chief Operating Officer. In his new role, Buonpane wil...

Posted: Aug 07, 2024

Highlights from Hagerty’s Q2’24 earnings call

coverager

2.4 million cars insured, the same figure reported last year.

Posted: Aug 07, 2024

Chaiz raises $3.7 million

coverager

Chaiz claims to be the first online marketplace for vehicle protection.

Posted: Aug 07, 2024

CrowdStrike outage to drive greater demand for cyber insurance: Hiscox

Reinsurance News

The CrowdStrike outage is expected to drive greater demand for cyber insurance as it highlighted the risks businesses and individuals are to face when impacted with an event like this, according to Hiscox Group Chief Underwriting Officer (CUO), Jo...

Posted: Aug 07, 2024

CFC’s Michael Brunero on the Legal Landscape Surrounding AI, IP, PII and More

Risk & Insurance

When it comes to artificial intelligence’s use of intellectual property and personal identifiable information, the technology may be new but the underlying legal and risk management principles that govern it are not. The post

Posted: Aug 07, 2024

Severe Storms (Mostly in US) Account for 70% of Global Insured Natural Disaster Losses

Insurance Journal

Global insured losses from natural catastrophes totaled US$60 billion during the first half of 2024, or 62% above the 10-year average, according to preliminary estimates from Swiss Re. Severe thunderstorms (mainly in the US) accounted for 70% of insu...

Posted: Aug 07, 2024

EEOC Sues Illinois Contractor for Disability Discrimination

Insurance Journal

Alto Ingredients, Inc., a manufacturer of industrial and food-grade, corn-based alcohols, violated the Americans with Disabilities Act (ADA) when it terminated an electrician from its campus in Pekin, Illinois, because of his disability, the Equal Em...

Posted: Aug 07, 2024

CFC expands UK Cyber Development team with key appointments

Reinsurance News

CFC, an insurance provider specialising in emerging risks and cyber coverage, has announced the expansion of its UK Cyber Development team with two new appointments. Joe Tracey has been promoted to the role of Cyber Development Leader for the UK &...

Posted: Aug 07, 2024

A Different Slant on Operational Efficiency

Insurance Thought Leadership

A Different Slant on Operational Efficiency Operational Efficiency sradomski

Posted: Aug 07, 2024

Former Michigan State Football Coach Sues School Over His Firing

Insurance Journal

Former Michigan State University head football coach Mel Tucker is suing the university and school leaders, alleging that they wrongfully fired him last year and violated his constitutional rights after he was accused of sexual harassment. The federa...

Posted: Aug 07, 2024

August ITL Focus: Operational Efficiency

Insurance Thought Leadership

August ITL Focus: Operational Efficiency Operational Efficiency sradomski

Posted: Aug 07, 2024