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A key US regulator has privately found half of the major banks it oversees have an inadequate grasp of a broad swath of potential risks from cyber attacks to employee blunders, according to people familiar with the matter. In the …
Posted: Jul 25, 2024
A Santa Fe District Court ruling that State Farm and Casualty Co. does not have to comply with a provision of the New Mexico Superintendent of Insurance emergency order for insurers to pay $5,000 in living expenses to policyholders forced …
Posted: Jul 25, 2024
This post is part of a series sponsored by PCF Insurance Services. In this first installment of a three-part series, PCF Healthcare Practice Leader Brian King examines the vital elements of medical malpractice insurance. As a PCF Healthcare Practice...
Posted: Jul 24, 2024
Can Climate Tech Save Insurance? Resilience & Sustainability ClareCarroll1
Posted: Jul 24, 2024
Last week's global tech outage highlights vulnerabilities in agency business continuity planning, cyber liability insurance, and technology partners.
Posted: Jul 24, 2024
(Image credit: Shutterstock.) Early Friday morning, July 19, 2024, CrowdStrike’s IT infrastructure went down due to a defective software update, and brought many businesses’ systems down with it; the impact rippled across the world, grounding planes...
Posted: Jul 24, 2024
The company’s current Executive Vice President and Chief Financial Officer Chris Peirce will retire at the end of 2024.
Posted: Jul 24, 2024
The solution will be underwritten by global insurance, reinsurance and services MAPRE subsidiary MAWDY.
Posted: Jul 24, 2024
Enhanced carrier dashboards featured in the latest release increase visibility into agency submission trends and growth opportunities.
Posted: Jul 24, 2024
Brett Seybold will replace Wallace as CFO.
Posted: Jul 24, 2024
By proactively managing climate risks, insurers can better navigate the complexities of a changing environment, ensuring resilience and sustainability for the future.
Posted: Jul 24, 2024
Nearly 1.5M Acres Burned This Year by Wildfires Across the U.S. As of this morning, 88 large active wildfires...
Posted: Jul 24, 2024
Marsh reports that global commercial insurance rates remain flat in Q2 2024, while U.S. rate hikes moderated to 1%. The post Globa...
Posted: Jul 24, 2024
UCPM Insurance is one of the largest environmental insurance wholesalers in the country.
Posted: Jul 24, 2024
A comprehensive plan is critical to long-term success
Posted: Jul 24, 2024
Brett Seybold will replace Wallace as CFO.
Posted: Jul 24, 2024
Posted: Jul 24, 2024
Insurance Business Magazine - US
Posted: Jul 24, 2024
Insurance Business Magazine - US
Posted: Jul 24, 2024
Bug in Quality Control Process Led to Botched CrowdStrike Update A Crowd...
Posted: Jul 24, 2024
Survey Finds Nearly 75% of US Firms Developing DeepFake Respo...
Posted: Jul 24, 2024
AM Best announced it has withdrawn credit ratings of Mt. Morris Mutual Insurance Company in Coloma, Wisconsin, less than a week after the credit rating agency downgraded the company’s ratings. AM Best said it withdrawn Mt. Morris’ ratings...
Posted: Jul 24, 2024
Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe as vice president, package lines underwriting. Shaver most recently was a small business leader for C...
Posted: Jul 24, 2024
Despite profit warning and a drop in capitalisation, S&P Global Ratings has affirmed its ‘A+’ long-term insurer financial strength and issuer credit ratings on SCOR SE and related core subsidiaries. The outlook remains stable. The...
Posted: Jul 24, 2024
Markel executive Wendy Houser talks about how her experience in the military taught her the vital importance of teamwork. She believes the ranks of the military could provide the insurance industry with an invaluable pool of talent. The pos...
Posted: Jul 24, 2024
Global insurance and reinsurance broking group Acrisure has appointed John Tuttle, currently Vice Chairman of the New York Stock Exchange (NYSE), as its new President, effective September 1st, 2024. Tuttle will relocate to Grand Rapids and report...
Posted: Jul 24, 2024
Insurance carriers that have greater exposure to large enterprises are more likely to face the brunt of the losses stemming from the CrowdStrike linked IT outage, says Parametrix Insurance CEO, Jonathan Hatzor. According to the organisation, the e...
Posted: Jul 24, 2024
Union Life & Casualty Insurance Agency has been in the insurance business since 1965.
Posted: Jul 24, 2024
Customers can obtain a quote online within five minutes.
Posted: Jul 24, 2024
John Tuttle is currently Vice Chairman of the New York Stock Exchange.
Posted: Jul 24, 2024
Customers of financial institutions using Insuritas' BUNDLE platform will be able to purchase pet insurance coverage from Odie.
Posted: Jul 24, 2024
BHP Group must stop funding legal action seeking to halt some Brazilian municipalities from bringing a multi-billion-pound claim over one of Brazil’s worst environmental disasters, London’s High Court ruled on Tuesday. More than 720,000 B...
Posted: Jul 24, 2024
OneAdvent, a platform specialising in MGA services, has announced a new partnership between one of its Managing General Agents (MGAs) and the hybrid fronting insurer Bridgehaven Specialty UK Ltd. This collaboration will enable Bridgehaven to offer...
Posted: Jul 24, 2024
Attorneys general from 14 states, most of them in the South, are urging the Federal Housing Finance Agency to back off a pilot program that would remove age-old title insurance requirements from some home loans sold to Fannie Mae. “The …
Posted: Jul 24, 2024
The Connect Group announced the launch of a London-based specialty reinsurer, Stability Re. This follows the formation in September 2023 of Stability Risk, an MGA created to allow Connect Underwriting Ltd. (a specialist reinsurance MGA) to focus on i...
Posted: Jul 24, 2024
The Connect Group announced the launch of a London-based specialty reinsurer, Stability Re. This follows the formation in September 2023 of Stability Risk, an MGA created to allow Connect Underwriting Ltd. (a specialist reinsurance MGA) to focus on i...
Posted: Jul 24, 2024
Jewelers Mutual Group acquired Union Life & Casualty Insurance Agency in Phoenix, Arizona. JM Insurance Agency Partners Inc., a Jewelers Mutual Group company, will join with UL&C. UL&C has been in the insurance business since 1965, specia...
Posted: Jul 24, 2024
The wife of a former San Antonio trucking magnate was sentenced this month in a multi-million-dollar fraud scheme. Frances Hall, former co-owner of Bill Hall Jr. Trucking, was sentenced for her role in a scheme to avoid $9 million in …
Posted: Jul 24, 2024
U.S. Fortune 500 companies, excluding Microsoft, will face $5.4 billion in financial losses from the recent CrowdStrike outage, insurer Parametrix said on Wednesday. CrowdStrike’s faulty update to its security software crashed computers powered...
Posted: Jul 24, 2024