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Capco, a management and technology consultancy focused on the financial services industry, has announced the appointment of Paul Riseborough as Managing Partner for its UK business. In his new role, Riseborough will be based in London and will joi...
Posted: Jul 16, 2024
Following the negative experience variance in Q1 2024, French reinsurer SCOR has accelerated its annual L&H reserving assumptions review, and revealed that its Life & Health (L&H) insurance service result (ISR) in 2024 is now expected...
Posted: Jul 16, 2024
Posted: Jul 16, 2024
Traffic is so bad in Canada’s financial capital that a majority of Toronto residents are prepared to endure around-the-clock construction to improve the situation sooner, according to new polling data. A survey commissioned by the Toronto Regio...
Posted: Jul 16, 2024
Moody’s RMS Event Response has estimated that U.S. insured losses from Hurricane Beryl will likely fall between $2.5 billion and $4.5 billion, encompassing damage from wind, storm surge, and precipitation-induced flooding. At the same time, accord...
Posted: Jul 16, 2024
CRC Group, a wholesale specialty insurance distributor in North America, has announced the appointments of three new professionals to its team. These additions are part of CRC Group’s strategic expansion effort to enhance support for retail...
Posted: Jul 16, 2024
AIG Names Twiningdavis Executive Vice President, Chief Administrative Officer American International Group, Inc. (AIG), named Melissa Twiningdavis executive vice president and chief administrative officer, effective September 1. She will join AIGR...
Posted: Jul 16, 2024
H.W. Kaufman Group, a privately held, global insurance organisation, has announced the appointment of Paul Greensmith as Chief Executive Officer for H.W. Kaufman Group London. Joining the company in October, Greensmith will be responsible for Kauf...
Posted: Jul 16, 2024
Favorable first-quarter economic and underwriting results for property/casualty insurance are in line with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to a report from the Insu...
Posted: Jul 16, 2024
American International Group and a group of its companies have filed a new, amended complaint against Dellwood Insurance Group, started earlier this year by a group of former AIG executives. The lawsuit filed July 10 in U.S. District Court for …...
Posted: Jul 16, 2024
Discount store operator Dollar General has agreed to pay $12 million in penalty for alleged safety violations that led to blocked exits and fire extinguishers and unsafe storage, the U.S. Labor Department said in a statement. The company is also R...
Posted: Jul 16, 2024
Georgia Gov. Brian Kemp has reaapointed Neera Bahl to another term on the state Board of Workers’ Compensation. The three-member board, which includes Director Benjamin Vinson and Chairman Frank McKay, acts as the appeals panel, hearing appeals...
Posted: Jul 16, 2024
Four Washington roofing companies are facing $1.27 million in fines from the Washington State Department of Labor & Industries for safety violations including allowing workers on top of homes without fall protection. L&I cited and fined Allwa...
Posted: Jul 16, 2024
A Connecticut-based manufacturer has been denied another opportunity to seek $100 million in insurance coverage for business losses it claims it sustained because of the COVID-19 virus. Amphenol Corp.– a manufacturer of connectors, antennas, sensors,...
Posted: Jul 16, 2024
Fischtrom Joins Altamont Capital Partners as Operating Partner Altamont Capital Partners, based in Palo Alto, California, hired Brad Fischtrom as an operating partner. Fischtrom has more than 20 years of insurance industry experience. He most recentl...
Posted: Jul 16, 2024
Virginia’s business regulator authority, the Virginia State Corporation Commission (SCC), named Joseph F. Damico chief administrative officer. Damico will oversee administrative divisions responsible for the SCC’s budget, human resources,...
Posted: Jul 16, 2024
Five Massachusetts residents and one New York resident have been charged in connection with a health insurance fraud scheme that allegedly involved submitting claims for more than $1 million worth of bogus medical expenses, purportedly incurred durin...
Posted: Jul 16, 2024
FERMA, the Federation of European Risk Management Associations, has published its EU Policy Manifesto, outlining its priorities for policymakers in EU Institutions for the upcoming 2024-2029 mandate and explains how the Federation can support thes...
Posted: Jul 16, 2024
Authorities say seven firefighters were injured when two tanker trucks crashed while responding to a large blaze in York, Pennsylvania. Officials said the crash occurred shortly before 11 p.m. Friday in Spring Garden Township, about a third of a mile...
Posted: Jul 16, 2024
While some workers’ comp carriers recognize that addressing an injured worker’s stress can speed up recovery, not all provide a holistic approach. Integrating an Employee Assistance Program (EAP) into a workers’ comp program supports total worker...
Posted: Jul 15, 2024
This post is part of a series sponsored by AgentSync. Surplus lines, also called surplus and excess lines, is a tricksome area of insurance, thanks in part to the fact that surplus lines business often comes with premium taxes that …
Posted: Jul 15, 2024
Insurance Information Institute
For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected] NEW YORK, July 16, 2024 – The recent rise in U.S. homeowners insurance costs have been driven by a combination of increasing natural catastrophe losses and...
Posted: Jul 15, 2024
Thomas joins Aon from Lloyd’s of London, where he held several executive positions, most recently as head of Member Services.
Posted: Jul 15, 2024
The joint initiative brings significant benefits to CAPE clients, following integration of both EagleView’s expansive, high-quality, high-resolution aerial imagery collection and its annual photo capture of top 50 metro markets.
Posted: Jul 15, 2024
Since Aviva started using Orchestra, the portfolio roll-up process has been streamlined, with the time taken reduced by 60-70%.
Posted: Jul 15, 2024
Novatae Risk Group announced that it has acquired the assets of Denali Specialty Group, LLC of St. Louis, MO on July 1, 2024. Terms of the transaction were not disclosed. Founded in 2019, Denali is a full-service insurance intermediary that …
Posted: Jul 15, 2024
Let's Have a Word About Elon Musk PaulCarroll
Posted: Jul 15, 2024
Climate Change Could Impact Wind-Powered Gulf Stream New evidence of changes to the Gulf Stream during the...
Posted: Jul 15, 2024
Aon reports that global benefits professionals navigate compliance, cost, and communication challenges while leveraging data and expanding offerings to attract top talent. The post
Posted: Jul 15, 2024
Michigan Attorney General Dana Nessel is urging residents to be vigilant against scammers targeting those affected by the heavy rains from the remnants of Hurricane Beryl. The storm flooded communities, damaged homes, and left thousands without power...
Posted: Jul 15, 2024
The UK plans to launch a “call to action” this week with a group of European nations to target the so-called shadow fleet of oil tankers that Russia uses to skirt international sanctions, according to people familiar with the matter ̷...
Posted: Jul 15, 2024
AEGIS London, the London-based Lloyd’s syndicate, has established a new Data Science and Analytics team to enhance underwriting capabilities and data-driven initiatives. Led by Giuseppe D’Angelo, head of Data Analytics and Portfolio Under...
Posted: Jul 15, 2024
Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance. They’re still there, producing food and an income for him...
Posted: Jul 15, 2024
Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance. They’re still there, producing food and an income for him...
Posted: Jul 15, 2024
Artex, Gallagher’s wholly-owned subsidiary for alternative risk and capital, has launched its first Vermont Protected Cell Company (PCC), to provide organisations of all sizes and industries with an alternative platform to support their risk...
Posted: Jul 15, 2024
Insurance Business Magazine - US
Posted: Jul 15, 2024