All Posts

Applied Acquires AI InsurTech Company Planck

IA Magazine

By leveraging Planck's artificial intelligence (AI) tools, Applied seeks to significantly expand its AI capabilities into areas including marketing, underwriting and renewals.

Posted: Jul 28, 2024

Steps Agents Can Take to Help Homeowners Protect Their Homes From Weather-related Losses

IA Magazine

Understanding critical home maintenance areas to support customers.

Posted: Jul 28, 2024

Will the Baltimore Bridge Collapse Impact A&E Coverage?

IA Magazine

The collapse of the Francis Scott Key Bridge is a complicated issue, one that is likely to include marine hull, liability and cargo losses, as well as business interruption claims.

Posted: Jul 28, 2024

Insuring Supply Chain Risk and the Art of Business Interruption Insurance

IA Magazine

From natural disasters to transportation issues, it's crucial for businesses to have a robust plan to protect themselves against unexpected circumstances. But all too often, companies have a piecemeal perspective of risk.

Posted: Jul 28, 2024

Insuring Supply-Chain Risk and the Art of Business Interruption Insurance

IA Magazine

From natural disasters to transportation issues, it's crucial for businesses to have a robust plan to protect themselves against unexpected circumstances. But all too often, companies have a piecemeal perspective of risk.

Posted: Jul 28, 2024

GenAI Solutions Can Bridge the Insurance Talent Gap

IIR

Insurance processes can be manually intensive, time-consuming work, and when the workload exceeds your talent pool, something needs to be done to bridge the gap. GenAI is that bridge.

Posted: Jul 28, 2024

Applied Systems Collaborates with Sonata Software

IIR

The platform engineering and enterprise modernization company will help Applied Systems to accelerate connectivity and integrations of extended applications.

Posted: Jul 28, 2024

Resilience Names Killian Brady Chief Underwriting Officer

IIR

As the company plans for its next phase of growth, Brady will lead underwriting for Resilience’s middle market and large enterprise clients across its Cyber and Tech E&O portfolios.

Posted: Jul 28, 2024

Steps Agents Can Take to Help Homeowners Protect Their Homes From Weather-Related Losses

IA Magazine

Understanding critical home maintenance areas to support customers.

Posted: Jul 28, 2024

Climate Change and the Insurance Supply Problem

Insurance Thought Leadership

Climate Change and the Insurance Supply Problem Resilience & Sustainability ClareCarroll1

Posted: Jul 28, 2024

IoT Will Simplify Insurance, Not Complicate It

Insurance Thought Leadership

IoT Will Simplify Insurance, Not Complicate It IOT ClareCarroll1

Posted: Jul 28, 2024

How Advanced Agencies Use AI Today

Insurance Thought Leadership

How Advanced Agencies Use AI Today AI & Machine Learning ClareCarroll1

Posted: Jul 28, 2024

How LLMs Are Driving the Insurance Industry

Insurance Thought Leadership

How LLMs Are Driving the Insurance Industry AI & Machine Learning ClareCarroll1

Posted: Jul 28, 2024

How to Fortify Your Workforce

Insurance Thought Leadership

How to Fortify Your Workforce Leadership ClareCarroll1

Posted: Jul 27, 2024

3 Challenges for Insurers on Climate Change

Insurance Thought Leadership

3 Challenges for Insurers on Climate Change Resilience & Sustainability ClareCarroll1...

Posted: Jul 27, 2024

Expense Management Via Emerging Technology

Insurance Thought Leadership

Expense Management Via Emerging Technology Operational Efficiency ClareCarroll1

Posted: Jul 27, 2024

Elevating the Customer Experience: Innovations in the Insurance Industry

Insurance Journal

This post is part of a series sponsored by Dyad. In today’s rapidly evolving digital landscape, customer experience is paramount across all industries, including insurance. While traditionally viewed as a transactional service, insurance compan...

Posted: Jul 26, 2024

New Survey Highlights Top States for Road Rage

Carrier Management

New Survey Highlights Top States for Road Rage California, Missouri and Uta...

Posted: Jul 26, 2024

AM Best: No Relief for Homeowners Line Hit With $15.2B U/W Loss in 2023

Carrier Management

AM Best: No Relief for Homeowners Line Hit With $15.2B U/W Loss in 2023 The U.S. homeowner's insurance segm...

Posted: Jul 26, 2024

California Commissioner Announces FAIR Plan Modernization Deal

Insurance Journal

California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high value commercial coverage option with limits up to $20 million per building and other steps that he said …

Posted: Jul 26, 2024

Church Insurance Rates Skyrocket Due to Increased Disasters, High Rebuild Costs

Carrier Management

Church Insurance Rates Skyrocket Due to Increased Disasters, High Rebuild Costs The Rev. John Parks was...

Posted: Jul 26, 2024

Business Moves: NFP, Clear Group, and Strategic Risk Group Complete 4 Acquisitions

Insurance Journal

Three brokers – NFP, Clear Group, and Strategic Risk Group – each announced acquisitions during July. In reverse chronological order, the acquisitions are listed as follows: NFP, the New York-based insurance broker and Aon subsidiary, announced on Ju...

Posted: Jul 26, 2024

Industry unsure what impact CrowdStrike outage will have on cyber insurance market, poll suggests

Reinsurance News

According to a recent poll from Reinsurance News, the re/insurance industry appears to be unsure in regards to how big of an impact the recent CrowdStrike IT global outage will have on the standalone cyber insurance market. For those who need a re...

Posted: Jul 26, 2024

USAA’s Wallace becomes Chief Audit Executive, Seybold takes over as CFO

Reinsurance News

USAA has announced that Jeff Wallace, the firm’s current Chief Financial Officer (CFO), will take on a new role as Chief Audit Executive. Brett Seybold, who is currently the Senior Vice President and Senior Financial Officer for USAA’s prope...

Posted: Jul 26, 2024

Paris Trains Hit By Sabotage Hours Before Olympics Kick Off

Insurance Journal

Trains to and from Paris, including the international Eurostar service, were hit by what authorities called a “massive attack aimed at paralyzing the network” of France’s super-fast trains just hours ahead of the inauguration ceremo...

Posted: Jul 26, 2024

Events like the CrowdStrike IT outage “are unlikely to reach catastrophic levels”: Coalition’s Motta

Reinsurance News

$0.96 billion industry-wide loss experienced by US cyber insurance policyholders impacted by the CrowdStrike IT outage has been forecasted by cyber insurance provider Coalition, a low figure compared to the losses of natural catastrophe events tha...

Posted: Jul 26, 2024

AXA backs Novocuff

coverager

Novocuff has raised $26 million in a Series A funding round.

Posted: Jul 26, 2024

Hagerty names Anthony J. Kuczinski to Hagerty’s Board of Directors

coverager

Anthony Kuczinski, former CEO of Munich Re US, will join Hagerty's Board of Directors, effective July 9, 2024.

Posted: Jul 26, 2024

BHHC Workers Compensation names Marjorie Hutchings as CIO

coverager

Hutchings will oversee the IT organization’s administration, daily operations, and strategic planning.

Posted: Jul 26, 2024

Zurich backs Cowbell

coverager

Flimp is a provider of employee benefits communications, educational content, texting, and decision-support tools.

Posted: Jul 26, 2024

J&J Loses Latest Legal Bid to Revive Talc Bankruptcy Strategy

Insurance Journal

Johnson & Johnson lost its bid in a federal appeals court to revive a plan to settle tens of thousands of talc cancer lawsuits by placing a subsidiary into bankruptcy. The ruling Thursday upheld a bankruptcy judge’s dismissal last year &#82...

Posted: Jul 26, 2024

ALKEME Acquires Georgia’s Morris & Templeton Agency

Insurance Journal

ALKEME, a national insurance broker, has acquired Morris & Templeton in Savannah, Georgia, expanding ALKEME’s footprint in the Southeast. Morris & Templeton was founded in 1981, offering commercial and personal insurance coverage, inclu...

Posted: Jul 26, 2024

Woman Dies in West Virginia’s Second Coal Mine Fatality This Year

Insurance Journal

CHARLESTON, W.Va. (AP) — A West Virginia woman died Wednesday more than a week after an accident at a southern West Virginia coal mine, Gov. Jim Justice said. Ashley Cogar, 33, of Erbacon, was injured at the Wyco Surface Mine, …

Posted: Jul 26, 2024

Increase in renewal rate change for all segments except workers’ comp in Q2’24: Ivans Index

Reinsurance News

Ivans, a division of Applied Systems, has released the results for the second quarter of 2024 from the Ivans Index, which showed that premium renewal rate change for all major commercial lines of business, except Workers’ Compensation, are up year...

Posted: Jul 26, 2024

MGU Private Client Select Teams With Ryan Specialty on High Net Worth

Insurance Journal

Private Client Select Insurance Services (PCS) said it has entered into an agreement with Ryan Specialty on a distribution partnership. The independent managing general underwriter started by American Internal Group (AIG) and Stone Point Capital will...

Posted: Jul 26, 2024

Cincinnati Financial reports $312mn net income in Q2 2024

Reinsurance News

Cincinnati Financial Corporation has announced its financial results for the second quarter of 2024 reporting a net income of $312mn, 42% lower when compared to the $534mn reported in the same period last year. The $222mn decrease in Q2 2024 net i...

Posted: Jul 26, 2024