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Two Oil Tankers on Fire in Waters Near Singapore, Crew Members Rescued

Insurance Journal

Two large oil tankers were on fire on Friday after colliding near Singapore, the world’s biggest refueling port, with two crew members airlifted to hospital and others rescued from life rafts, authorities and one of the tanker owners said. Sing...

Posted: Jul 19, 2024

ARPC names Karin Rathbone Chief Risk Officer

Reinsurance News

The Australian Reinsurance Pool Corporation (ARPC) has appointed risk management expert Karin Rathbone as Chief Risk Officer. Rathbone brings extensive experience to the role and joins ARPC after five years with Colonial First State (CFS), serving...

Posted: Jul 19, 2024

European & London market re/insurers very well placed for an active hurricane season: BofA

Reinsurance News

As hurricane forecasters anticipate an active 2024 hurricane season, analysts at BofA Securities have said that European and London market re/insurers are very well placed to deal with the potential fallout. While the majority of Atlantic hurrican...

Posted: Jul 19, 2024

Severe Storms Pummel Large Swath of U.S.

Insurance Journal

LITTLE ROCK, Ark. (AP) — Another wave of severe storms pummeled a wide swath of the United States and Canada leading to flash floods and water rescues Wednesday in the Ozark Mountains, dropping a tornado that ravaged a community in …

Posted: Jul 19, 2024

Storms Pummel Large Swath From Ozarks and Plains to New York and New England

Insurance Journal

LITTLE ROCK, Ark. (AP) — Another wave of severe storms pummeled a wide swath of the United States and Canada leading to flash floods and water rescues Wednesday in the Ozark Mountains, dropping a tornado that ravaged a community in …

Posted: Jul 19, 2024

SolarWinds Beats Most of SEC Lawsuit Over Russia-Linked Cyberattack

Insurance Journal

A U.S. judge dismissed most of a Securities and Exchange Commission lawsuit accusing software company SolarWinds of defrauding investors by concealing its security weaknesses before and after a Russia-linked cyberattack targeting the U.S. government....

Posted: Jul 19, 2024

Insurers Settle With Hotel in Case of Woman Videotaped in the Shower

Insurance Journal

Four insurance companies, unable to escape a duty to defend a New York hotel where a young woman was secretly videotaped in the shower in 2015, have reached a settlement in the case that made headlines around the world. Citizens …

Posted: Jul 19, 2024

Intense Heat Expected to Challenge Records in Pacific Northwest Over Weekend

Insurance Journal

Intense heat that has been baking parts of the interior Western U.S. is expected to expand into the Pacific Northwest in the coming days, raising the risk of heat-related illnesses and new wildfires, according to an AccuWeather media advisory. Foreca...

Posted: Jul 19, 2024

UK re/insurers confident economic growth will improve in 2024: Lloyd’s Bank

Reinsurance News

Economic growth is expected to improve over the next 12 months, according to a recent survey by Lloyds Bank’s which interviewed over 100 senior decision-makers at UK financial institutions, including re/insurers, banks, asset managers and others....

Posted: Jul 19, 2024

UK re/insurers confident economic growth will improve in 2024: Lloyds Bank

Reinsurance News

Economic growth is expected to improve over the next 12 months, according to a recent survey by Lloyds Bank’s which interviewed over 100 senior decision-makers at UK financial institutions, including re/insurers, banks, asset managers and others....

Posted: Jul 19, 2024

Pilot Dies After Small Plane Crashes Into River on Maryland’s Eastern Shore

Insurance Journal

EASTON, Md. (AP) — The pilot of a small plane died Tuesday morning after an engine failure caused the aircraft to crash into a river on Maryland’s Eastern Shore, authorities said. The twin-engine Cessna 402 crashed into the water near …

Posted: Jul 19, 2024

Southwest Airlines, Archer Aviation to Develop Plans for Flying Air Taxis in California

Insurance Journal

Southwest Airlines and Archer Aviation said Friday they have agreed to develop operational plans for electric air taxi networks at California airports where the Texas-based airline operates. The companies said they have signed a memorandum of underst...

Posted: Jul 19, 2024

Vermonters Urged to Report Flood Damage From Beryl to State for FEMA Determination

Insurance Journal

Vermont’s governor on Tuesday urged residents to report any damage from last week’s flooding to the state, even if they plan to do repairs themselves, so that counties can meet the threshold for individual federal assistance. The flooding...

Posted: Jul 19, 2024

Transforming Healthcare Price Transparency

Insurance Journal

This post is part of a series sponsored by PCF Insurance Services. PCF Vice President of Operations Benefits, Kirk Benson is joined by Mark Galvin, Co-founder of TALON, as they discuss the rise of digital health tools, mandated healthcare price &#823...

Posted: Jul 18, 2024

What’s the Difference Between a Condo and a Townhouse?

IA Magazine

Can townhouse exteriors be insured by each owner with the homeowners association (HOA) insuring common areas?

Posted: Jul 18, 2024

Selective Insurance Selects One Inc ClaimsPay Solution

IIR

By integrating with the insurer’s SMS-based claims communication tool, ClaimsPay will provide efficiency, enhanced communication, and ease for policyholders.

Posted: Jul 18, 2024

How QBE North America Became a GenAI Innovator: CIO Vinay Kurup

IIR

Serving as an innovation hub for the QBE global enterprise, the organization wasted no time in exploring GenAI and implementing a viable use case to enhance the underwriting process.

Posted: Jul 18, 2024

Pan-American Life Insurance Group Deploys Sapiens IllustrationPro SaaS Solution

IIR

The Sapiens solution empowers Pan-American Life Insurance Group to consolidate its enterprise illustration standards, to streamline processes and expand product offerings.

Posted: Jul 18, 2024

What’s the Difference Between Insuring a Condo and a Townhouse?

IA Magazine

Can townhouse exteriors be insured by each owner, with the homeowners association (HOA) insuring common areas?

Posted: Jul 18, 2024

AEGIS London launches data science and analytics team

coverager

The new team is dedicated to unlocking the full potential of AEGIS London's vast data pool.

Posted: Jul 18, 2024

Juno raises $8.5 million

coverager

Juno distributes policies for an insurance company rated “A- Excellent” by A.M. Best, and policies are backed by four insurers/reinsurers, including AIG.

Posted: Jul 18, 2024

Tech Bytes: New Partnerships at bolt, Cytora, Equisoft

Carrier Management

Tech Bytes: New Partnerships at bolt, Cytora, Equisoft Stellantis Financial Services US, a captive automotiv...

Posted: Jul 18, 2024

Melissa Twiningdavis Appointed as EVP and Chief Administrative Officer at AIG

Risk & Insurance

The latest people news in the industry today. The post Melissa Twiningdavis Appointed as EVP and Chief Admi...

Posted: Jul 18, 2024

Global Insured Losses in H1 Surge 25% Above 10-Year Average

Risk & Insurance

Global economic and insured losses from natural perils in H1 2024 exceed averages, with the U.S. bearing the brunt from severe convective storms. The post

Posted: Jul 18, 2024

Are Niches the New Mass Market?

Insurance Thought Leadership

Are Niches the New Mass Market? Future of Risk sradomski

Posted: Jul 18, 2024

Al Crook Appointed as New Chief Human Resources Officer at Zurich North America

Risk & Insurance

The latest people news in the industry today. The post Al Crook Appointed as New Chief Human Resources Of...

Posted: Jul 18, 2024

Everest expands its third-party capital offering with launch of Mt. Logan Capital Management

coverager

The new MLCM leadership team and Board of Directors include John Modin, Chief Executive Officer, and Youssef Sfaif, President and Chief Operating Officer.

Posted: Jul 18, 2024

GovPort raises $2.8 million

coverager

GovPort offers a subcontractor management portal for federal contractors who work with the government.

Posted: Jul 18, 2024

NFP and Major League Baseball establish multiyear partnership

coverager

NFP is now an Official Partner of Major League Baseball and its Official Commercial Insurance Broker.

Posted: Jul 18, 2024

U.S. to Limit Chinese Vehicle Software in August

Carrier Management

U.S. to Limit Chinese Vehicle Software in August The U.S. Commerce Department plan...

Posted: Jul 18, 2024

People Moves: Liberty Mutual Re Taps Aon’s De La Mare to Lead New Australia/New Zealand Unit; H.W. K...

Insurance Journal

This edition of International People Moves details appointments at Liberty Mutual Re and H.W. Kaufman Group London. A summary of these new hires follows here. Liberty Mutual Re Taps Aon’s De La Mare to Lead Australia/New Zealand Unit LM Re, &#8...

Posted: Jul 18, 2024

Increased demand & appetite, but there’s caution in the property reinsurance market: Klisura, GC

Reinsurance News

The property catastrophe reinsurance market is much more predictable and smooth than it was a year ago, and while there’s been a notable increase in demand for protection from clients, the potential for another year of $100 billion+ in insur...

Posted: Jul 18, 2024

The World’s Power Grids Are Failing as the Planet Warms

Carrier Management

The World’s Power Grids Are Failing as the Planet Warms Under...

Posted: Jul 18, 2024

Legislators Say Amazon Prime Day is a Major Cause of Injuries for Warehouse Workers

Carrier Management

Legislators Say Amazon Prime Day is a Major Cause of Injuries for War...

Posted: Jul 18, 2024

Nation’s Year to Date Tornado Count as of June 2024 is Third Busiest on Record

Carrier Management

Nation’s Year to Date Tornado Count as of June...

Posted: Jul 18, 2024

Juniper Re collabs with CAPE to strengthen catastrophe analytics platform

Reinsurance News

Juniper Re, the reinsurance broking arm and indirect subsidiary of The Baldwin Group, has announced a strategic collaboration with CAPE Analytics to deliver portfolio-improving property risk insights to its clients, as well as a differentiated vie...

Posted: Jul 18, 2024

Outbreak Continues to Grow as Bird Flu Found in Oklahoma Dairy Herd

Insurance Journal

Oklahoma has become the 13th U.S. state to detect bird flu in dairy cows, the U.S. Department of Agriculture confirmed on Monday, though the state said the infection happened months ago. The confirmation shows the outbreak was more widespread than &#...

Posted: Jul 18, 2024