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Understanding Museum Risk: How These Essential Cultural Establishments Can Get Ahead of Risky Busine...

Risk & Insurance

When it comes to the risks museums and other cultural institutions face, it's imperative to know the risk mitigation tools available. The post

Posted: Aug 06, 2024

Duck Creek Launches Policy with Active Delivery

IIR

The cloud-native solution enables P&C/general insurers to delivery products at scale by eliminating the need for upgrades, according to the vendor.

Posted: Aug 06, 2024

Embroker Names Andy Lea Chief Insurance Officer, Kristy Malm COO

IIR

The executive appointments were made to expand Embroker’s digital insurance platform and advance its mission to further modernize the insurance industry.

Posted: Aug 06, 2024

Brain Drain Is Here: Using Intellectual Capital to Thrive in a Challenging Marketplace

IA Magazine

Today, with virtual work, your agency could lose that tribal knowledge—information known within a group of people—unless you take coordinated steps to preserve that information.

Posted: Aug 06, 2024

Emerald Bay partners with Curotech

coverager

Emerald Bay launched in March 2024 with backing from Bain Capital Insurance.

Posted: Aug 06, 2024

Everest appoints Bill Hazelton to lead its North America insurance business

coverager

Hazelton replaces Mike Mulray who will be leaving the Company to pursue other opportunities.

Posted: Aug 06, 2024

Encova Insurance Expands Partnership With CAPE Analytics For More Accurate Core Property Characteris...

coverager

CAPE Analytics is announcing the expansion of its partnership with Encova Insurance, which plans to utilize Primary Property Elements to support policyholders in maintaining adequate coverage levels through the entire lifecycle of a policy.

Posted: Aug 06, 2024

Teachers’ Venture Growth backs Bilt Rewards

coverager

This funding news comes on the heels of a Wall Street Journal article detailing Wells Fargo’s financial struggles with the Bilt Rewards program.

Posted: Aug 06, 2024

LULA vs. AssuredPartners and Ricardo J. Vargas

coverager

Tredder uses Canopy Connect to verify insurance coverage.

Posted: Aug 06, 2024

Consumers Face Higher Insurance Premiums Due to Severe Weather

Carrier Management

Consumers Face Higher Insurance Premiums Due to Severe Weather Nearly three-q...

Posted: Aug 06, 2024

Study: Remote Work Could Stifle Innovation

Carrier Management

Study: Remote Work Could Stifle Innovation Remote and hybrid working may be great for work-life balance, but it m...

Posted: Aug 06, 2024

Securities Class Action Filings Rise in First Half of 2024, AI Cases Emerge

Risk & Insurance

The number of filings in most trend categories is on pace to decline in 2024, except for AI and COVID-19-related filings, which are on pace to increase, the report finds. The post

Posted: Aug 06, 2024

Insurance 101: Understanding Insurance Carrier Terminations

coverager

While terminations can constitute a total relationship end. It sounds harsh, but there are various reasons for terminations and only some are based in hostility. 

Posted: Aug 06, 2024

Inscora raises $2 million

coverager

Inscora's platform empowers insurance brokers with a "next-gen" cyber brokerage approach.

Posted: Aug 06, 2024

Tara Casanova Powell Joins Cambridge Mobile Telematics Road Safety Advisory Board

coverager

Powell brings over 25 years of expertise in road safety August 6, 2024, Cambridge, MA –  Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, announced today the appointment...

Posted: Aug 06, 2024

ERGO partners with O2 Telefónica and Telefónica Insurance

coverager

The companies are announcing an embedded insurance partnership.

Posted: Aug 06, 2024

5 Pillars for a Connected Insurance and Modern Customer Experience

coverager

Discover the biggest roadblocks to modernizing insurance—and how to overcome them.

Posted: Aug 06, 2024

Pet Business International enters the US

coverager

PBI is a registered series of Mission Underwriting.

Posted: Aug 06, 2024

TransRe strengthens AI focus

coverager

TransRe has restructured its data science team.

Posted: Aug 06, 2024

Probe of Dodge Journey Fire, Door Lock Failure Pushes Closer to a Recall

Carrier Management

Probe of Dodge Journey Fire, Door Lock Failure Pushes Closer to a Recall U.S. auto safety regulators ar...

Posted: Aug 06, 2024

Top Injury-Prone Cities in the U.S.

Carrier Management

Top Injury-Prone Cities in th...

Posted: Aug 06, 2024

People Moves: Benefield Joins B&R as SVP and Broker

Insurance Journal

Brown & Riding, headquartered in Dallas, named Wes Benefield to its national management and professional liability practice as senior vice president and broker, D&O, E&O and cyber. Based in Fort Worth, Benefield has over 11 years of combi...

Posted: Aug 06, 2024

Ohio Begins Sales of Recreational Marijuana

Insurance Journal

COLUMBUS, Ohio (AP) — Recreational marijuana sales will begin across Ohio on Tuesday when the state issues its first operating certificates. Nearly 100 medical marijuana dispensaries will be able to begin sales immediately, although it’s not cl...

Posted: Aug 06, 2024

El Paso Contractor Faces $260K Fine After Employee Fatally Injured in Trench Collapse

Insurance Journal

An El Paso, Texas contractor could have prevented a 37-year-old employee from suffering fatal injuries in February 2024 by following federally required safety standards to avoid trench collapses, the same failure for which the U.S. Department of Labo...

Posted: Aug 06, 2024

City of Columbus, Ohio Says Foreign Cyber Threat Attempted to Disrupt IT System

Insurance Journal

The City of Columbus said an investigation into a July 18 cybersecurity incident has found that a foreign cyber threat actor attempted to disrupt the city’s IT infrastructure, in a possible effort to deploy ransomware and solicit a ransom payme...

Posted: Aug 06, 2024

NHTSA Seeking Information on Fatal Tesla Cybertruck Crash in Texas

Insurance Journal

The National Highway Traffic Safety Administration said on Monday it was seeking more information about an accident involving Tesla’s TSLA.O Cybertruck from the electric vehicle maker. The driver of the electric pickup truck was declared dead a...

Posted: Aug 06, 2024

13 Questions for Demex Group CEO Bill Clark

Risk & Insurance

Demex Group CEO Bill Clark talks to Risk & Insurance about the risk of convective storms and a parametric approach to reinsurance. The post

Posted: Aug 06, 2024

Ivans Index shows increase in premium renewal rates in July

Reinsurance News

Ivans, a division of Applied Systems, has reported an increase in average premium renewal rate change across all major commercial lines of business, except for Workers’ Compensation, year over year in July. According to the Ivans Index, July...

Posted: Aug 06, 2024

What Latest Ivans Index Shows About Commercial Lines Renewal Rate Changes

Insurance Journal

All major commercial lines premium renewal rates were higher in July than in June, except commercial property which decreased, according to the latest monthly Ivans Index. Year over year, commercial auto, business owners, general liability, commercia...

Posted: Aug 06, 2024

Saudi Re’s insurance revenues rise 68% in H1’24

Reinsurance News

Saudi Re has reported a 68% rise in insurance revenues for the first half of 2024, climbing to SAR 482.69 million ($128.71 million) from the previous year’s SAR 286.62 million ($76.43 million). At the same time, the company also posted net p...

Posted: Aug 06, 2024

People Moves: Arch Insurance International Promotes Penberthy to CFO; Price Forbes Singapore Names C...

Insurance Journal

This edition of International People moves details appointments at Arch Insurance International and Price Forbes Singapore. A summary of these new hires follows here. Arch Insurance International Promotes Penberthy to CFO Arch Insurance International...

Posted: Aug 06, 2024

ZestyAI launches AI model to tackle non-weather water claims

Reinsurance News

Climate and property risk analytics provider ZestyAI has launched Z-WATER, an AI-powered property-specific model designed to predict the frequency and severity of non-weather water and freeze claims. Non-weather water claims are a leading cause of...

Posted: Aug 06, 2024

UK Faces High Wildfire Risk After Spell of Warmer Weather

Insurance Journal

Europe’s wildfire risks are extending as far north as the UK after a recent spell of hot weather. Parts of southeastern England, including areas around London, face high wildfire risks later this week, according to forecasts from Copernicus. Wi...

Posted: Aug 06, 2024

Google Monopolized Search Through Illegal Deals, Judge Rules

Insurance Journal

Google illegally monopolized the search market through exclusive deals, a judge ruled Monday, handing the government a win in its first major antitrust case against a tech giant in more than two decades. Judge Amit Mehta in Washington said that &#823...

Posted: Aug 06, 2024