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Rising Star Kelly Eisenbies on the Value of Resilience in the Face of Education Sector Uncertainty

Risk & Insurance

Gallagher broker Kelly Eisenbies shares her insurance career journey so far and what it takes to get higher education institutions the best coverage for their student athletes. The post

Posted: Jul 18, 2024

PERILS places insured losses from southern Germany floods at €1.6bn

Reinsurance News

Zurich-based catastrophe insurance data provider PERILS has disclosed an initial industry loss estimate of €1.568 billion (USD 1.74 billion) for the floods in southern Germany from 31st May to 6th June 2024. The estimate provided by PERILS is base...

Posted: Jul 18, 2024

Detroit-Area County to Pay $7M to Family of Man Killed in Jail for a Misdemeanor

Insurance Journal

DETROIT (AP) — A Detroit-area county agreed to a $7 million settlement in the death of a man who was severely beaten by another man while in jail for a misdemeanor. Separately, a federal prosecutor announced Monday that the Wayne …

Posted: Jul 18, 2024

Flood Re sees strong financial performance, securing profit of £23.8m

Reinsurance News

Flood Re, the joint initiative between the UK insurance industry and the UK Government to promote the availability and affordability of flood insurance, has reported a “strong financial and operational performance” for the financial ye...

Posted: Jul 18, 2024

UK Lays Out Stronger Cybersecurity Defenses After Attack Crippled NHS Hospitals

Insurance Journal

The new UK government plans to strengthen the nation’s defenses against cyberattacks, a month after a ransomware hack crippled London hospitals and health care providers. Labour introduced the Cyber Security and Resilience Bill on Wednesday as...

Posted: Jul 18, 2024

CAPE Analytics enters long-term imagery collaboration with EagleView

Reinsurance News

CAPE Analytics, a provider of AI-powered property insights, has announced a long-term collaboration with EagleView, a geospatial technology expert, to bolster access to current and historical, high-quality, high-resolution, aerial imagery. This in...

Posted: Jul 18, 2024

Islamic Insurance Helps Cover Muslim Farmers Battling Climate Change

Insurance Journal

On his four and a half acres of land in central Pakistan, Izhar ul-Haq approaches farming as a science. He knows the precise acidity of the soil and the exact amount of brackish groundwater his crops can tolerate if mixed …

Posted: Jul 18, 2024

Todd LaBandt named SVP of Environmental Insurance at Hamilton Americas

Reinsurance News

Hamilton Global Specialty, an underwriting platform of Hamilton Insurance Group, has announced the appointment of Todd LaBandt as Senior Vice President (SVP) of Environmental Insurance at Hamilton Americas, its US managing agency. In his new role,...

Posted: Jul 18, 2024

Russian Cybersecurity Firm Kaspersky Labs to Wind Down US Operations

Insurance Journal

Kaspersky Labs will gradually wind down its U.S. operations from July 20, the Russian anti-virus software maker said on Monday, nearly a month after the Biden administration announced plans to bar sales of the company in the country. Kaspersky, which...

Posted: Jul 18, 2024

World Bank Eyes First ‘Drought’ Bond in Next 12-18 Months

Insurance Journal

The World Bank is looking to issue its first drought bond in the next 12-18-months and broaden its offering of catastrophe bonds supporting countries suffering devastation from storms and earthquakes, a senior executive at the lender said. The drough...

Posted: Jul 18, 2024

Coalition Asks FEMA to Make Wildfire Smoke, Extreme Heat Eligible for Disaster Funds

Insurance Journal

A group of 14 attorney generals has formed a coalition to persuade the Federal Emergency Management Agency (FEMA) to initiate rulemaking to update its regulations to recognize extreme heat and wildfire smoke events as eligible for major disaster decl...

Posted: Jul 18, 2024

FM Global Rebrands As FM

Insurance Journal

FM Global said it will now be known simply as FM. The commercial property insurer on July 17 unveiled its new name and “titanium” logo at the company’s midyear meeting. “We believe that by uniting our businesses under the FM &...

Posted: Jul 18, 2024

Georgia Appeals Court Questions Insolvency Pool’s Subrogation in Comp Cases

Insurance Journal

Georgia employers and their workers’ compensation insurers can rest a little easier after an appeals court this week narrowed the circumstances in which a state guaranty association can seek reimbursement on claims paid after staffing firms&#82...

Posted: Jul 18, 2024

Popular California Restauranteur Fined $71K for Failing to Pay Overtime

Insurance Journal

A popular Sonoma County chef denied three workers at its Healdsburg, California establishment of more than $35,000 in overtime wages, according to the U.S. Department of Labor. Investigators in the department’s Wage and Hour Division say chef O...

Posted: Jul 18, 2024

California Needs a Million EV Charging Stations — But That’s ‘Unlikely’ and ‘Unrealistic’

Insurance Journal

California will have to build public charging stations at an unprecedented — and some experts say unrealistic — pace to meet the needs of the 7 million electric cars expected on its roads in less than seven years. The sheer …

Posted: Jul 18, 2024

People Moves: Intact Hires Janssens as SVP of West Coast Commercial Surety; Odiorne Chief Deputy Ins...

Insurance Journal

Intact Hires Janssens as SVP of West Coast Commercial Surety Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s U.S. insurance company subsidiaries, headquartered in Plymouth, Minnesota, hired Erik Janssens as se...

Posted: Jul 18, 2024

Religious Liberty Bars Priest’s Defamation Claim Against Bishop, Virginia Court Rules

Insurance Journal

A priest’s defamation claim against his bishop is barred by the religious liberty protections in the First Amendment of the U.S. Constitution and the Virginia Constitution, a Virginia appeals court has ruled. The Virginia Court of Appeals found...

Posted: Jul 18, 2024

Ramirez becomes McLarens Latin America MD with Garzon as the region SVP Group Operations

Reinsurance News

Global claims services provider McLarens has announced the appointment of Felipe Ramirez as Managing Director of the McLarens Latin America, and Leo Garzon as Senior Vice President, Group Operation, Latin America, a new global role. In his new rol...

Posted: Jul 18, 2024

Social Inflation: Decades of Insurance Litigation Abuse

Insurance Thought Leadership

Social Inflation: Decades of Insurance Litigation Abuse Claims ClareCarroll1

Posted: Jul 17, 2024

Ascot U.S. Adopts OWIT Global Insurance Data Management Solution

IIR

Ascot sought a strategic solution to transform incoming policy and claims bordereaux data to 100 percent clean data and for a platform to assist with their future data interchange needs.

Posted: Jul 17, 2024

Bold Penguin Teams with RT Specialty to Expand E&S Offerings

IIR

The collaboration is a strategic move that addresses the growing demand for excess and surplus coverage.

Posted: Jul 17, 2024

California Insurance Commissioner Cuts Workers Comp Rate

Carrier Management

California Insurance Commissioner Cuts Workers Comp Rate A new and dec...

Posted: Jul 17, 2024

FM Global rebrands

coverager

The updated brand reflects FM’s "evolving business and impact" after nearly two centuries of partnering with and protecting global businesses. 

Posted: Jul 17, 2024

Insurance sector braces for another severe hurricane season

coverager

​​Technologies and industry trends helping address risk​

Posted: Jul 17, 2024

Priceline and Cover Genius announce global partnership

coverager

The companies announced a new North American partnership.

Posted: Jul 17, 2024

Baby Formula Maker Says Tornado-Damaged Warehouse Covered by PD, BI Insurance

Carrier Management

Baby Formula Maker Says Tornado-Damaged Warehouse Covered by PD, BI Insurance Sales of Reckitt'...

Posted: Jul 17, 2024

California Insurance Commissioner Cuts Workers’ Comp Rate

Carrier Management

California Insurance Commissioner Cuts Workers’ Comp Rate A new and de...

Posted: Jul 17, 2024

Allianz to buy majority stake in Income

coverager

Allianz intends to offer $1.6 billion for the shares in Income Insurance.

Posted: Jul 17, 2024

Simply Business partners with EMPLOYERS

coverager

In July 2023, Simply Business announced a partnership with Cerity.

Posted: Jul 17, 2024

People Moves: DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director; WTW Appoints 3 Senior Hires...

Insurance Journal

This edition of International People Moves details appointments at managing general agent DUAL Europe and insurance broker WTW. A summary of these new hires follows here. DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director DUAL Europe anno...

Posted: Jul 17, 2024

People Moves: VIAA Hires Sherman as Book Management Coach

Insurance Journal

Valley Insurance Agency Alliance (VIAA), headquartered in St. Louis, hired Carly Sherman as a book management coach. Sherman is focused on improving personal lines production profitability with strategic and regional partner carriers. Sherman previou...

Posted: Jul 17, 2024

Texas Governor Criticizes CenterPoint Energy After Beryl Power Outages

Insurance Journal

The majority of Houston outages that followed Hurricane Beryl should be fixed by Wednesday, the city’s main utility company said as Texas Gov. Greg Abbott threatened to punish CenterPoint Energy even after the lights come back. The Texas Public...

Posted: Jul 17, 2024

Significant cat activity and casualty loss reserves to mark Q2 2024: JMP Securities

Reinsurance News

Insurer results for the second quarter of 2024 are expected to be highlighted by an elevated level of catastrophes, ongoing concerns around casualty loss reserves, and negligible mark-to-market impacts on investment portfolios, JMP Securities has...

Posted: Jul 17, 2024

Condo Insurance Premium Hike Hot Button Issue in Some Legislative Races

Carrier Management

Condo Insurance Premium Hike Hot Button Issue in Some Legislative Races...

Posted: Jul 17, 2024

Coalition Asks FEMA to Consider Wildfire Smoke, Extreme Heat Eligible for Disaster Funds

Carrier Management

Coalition Asks FEMA to Consider Wildfire Smoke, Extreme Heat Eligible for Disaster Funds A group of 14 attorne...

Posted: Jul 17, 2024

First Responder Mental Health Lagging in Workers’ Comp

Risk & Insurance

State workers' comp laws lag in supporting first responder mental health, despite growing recognition of psychological injuries, a new report finds. The post

Posted: Jul 17, 2024

Deere Retreats From Diversity Measures After Online Attacks

Insurance Journal

Deere & Co., the world’s top farm machinery maker, is pulling back from diversity measures in the face of conservative criticism, the second agriculture-related company in less than a month to bend to such pressure. Deere said on the social...

Posted: Jul 17, 2024