All Posts

Heffernan Acquires Costello Insurance Associates in Arizona

Insurance Journal

Heffernan Insurance Brokers acquired Costello Insurance Associates in Tempe, Arizona. Pat Costello and his team of five employees will continue to service their new and existing customers Costello services clients throughout the U.S. in obtaining cov...

Posted: Jul 12, 2024

Ascot U.S. Transforms Finance Operations with Phinsys Platform

IIR

Adoption of the platform of intelligent finance automation tools supports Ascot’s digital vision for enhanced operational efficiency and resilience.

Posted: Jul 11, 2024

USI Insurance Services Launches Ask V AI-Driven Platform

IIR

The proprietary platform, powered by USI’s OMNI AI technology, delivers next generation insights for USI clients and prospective clients navigating their industry vertical challenges.

Posted: Jul 11, 2024

Aviva Completes Probitas Acquisition; Re-Enters Lloyd’s

Carrier Management

Aviva Completes Probitas Acquisition; Re-Enters Lloyd’s UK insu...

Posted: Jul 11, 2024

California Insurance Commissioner Orders Insurance Preserved for 46K Residents Following Fire

Insurance Journal

California Insurance Commissioner Ricardo Lara today ordered insurers to preserve residential property insurance coverage for roughly 46,000 policyholders affected by the Thompson Fire in Butte County. The move follows an emergency declaration over t...

Posted: Jul 11, 2024

Earned Wealth raises $200 million

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Earned is a financial services firm focused exclusively on medical professionals.

Posted: Jul 11, 2024

Hastings Direct and Cambridge Mobile Telematics Announce Partnership Renewal

coverager

July 11, 2024, Cambridge, MA— Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, and Hastings Direct, a leading provider of insurance broking services to the UK private car,...

Posted: Jul 11, 2024

Study: MGA Market Still Growing

Carrier Management

Study: MGA Market Still Growing A h...

Posted: Jul 11, 2024

Study: MGA Growth Shows No Signs of Slowing

Carrier Management

Study: MGA Growth Shows No Signs of...

Posted: Jul 11, 2024

Cyber Insurance Provides Both Carrot and Stick for Cyber Security

Risk & Insurance

Sophos report finds that companies investing in cyber defenses not only improve their security, but also gain other benefits, including lower premiums. The post

Posted: Jul 11, 2024

Fifth Third Bank to Pay $5M Fine for Illegally Forcing Car Insurance Onto Borrowers

Insurance Journal

Fifth Third Bank agreed this week to pay a $5 million fine for illegally forcing vehicle insurance onto borrowers who had coverage. Fifth Third also agreed to pay a $15 million fine for illegal sales practices. The Cincinnati, Ohio-based bank …

Posted: Jul 11, 2024

Honeywell Defeats Fired Engineer’s Appeal Over Diversity Training

Insurance Journal

Honeywell did not violate workplace anti-discrimination laws by firing a white engineer who refused to participate in mandatory diversity, equity and inclusion training after the Black Lives Matter movement began, a U.S. appeals court ruled on Wednes...

Posted: Jul 11, 2024

Global M&A activity gains momentum in 2024 amid regional challenges: WTW

Reinsurance News

Global mergers and acquisitions (M&A) activity continues to build on the positive momentum seen at the beginning of 2024, with the second quarter’s completed deals surpassing those of the same period last year, WTW’s Quarterly Deal...

Posted: Jul 11, 2024

Zenith Insurance announces leadership change

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Zenith Insurance will appoint Davidson Pattiz as President and Chief Executive Officer.

Posted: Jul 11, 2024

Hastings Direct and Cambridge Mobile Telematics Announce Five-Year Partnership Renewal

coverager

June 11, 2024, Cambridge, MA—Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, and Hastings Direct, a leading provider of insurance broking services to the UK private car, van,...

Posted: Jul 11, 2024

Aspen launches Aspen Data Labs

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Aspen Data Labs is a new platform to deliver Aspen’s digital strategy and drive forward the business’ data and artificial intelligence agenda.

Posted: Jul 11, 2024

Bain Capital to buy Envestnet

coverager

Earned is a financial services firm focused exclusively on medical professionals.

Posted: Jul 11, 2024

DoorDash Cracks Down on Drivers Who Break Traffic Laws

Carrier Management

DoorDash Cracks Down on Drivers Who Break Traffic Laws DoorDash said Tuesday that it's stepping up effo...

Posted: Jul 11, 2024

KCC: U.S. Damage from Hurricane Beryl Could Cost Insurers $2.7B

Carrier Management

KCC: U.S. Damage from Hurricane Beryl Could Cost Insurers $2.7B Insure...

Posted: Jul 11, 2024

Honolulu Tops Allstate’s Safest Drivers Report

Carrier Management

Honolulu Tops Allstate’s Safest Drivers Report Hawaii, Mi...

Posted: Jul 11, 2024

People Moves: Rice Joins Alliant Insurance Services’ Employee Benefits Team

Insurance Journal

Brandon Rice joined Alliant Insurance Services, based in Irvine, California, as a vice president for its employee benefits group. Rice is based in Dallas. He most recently served as vice president at Lockton Companies, where he worked for over 18 &#8...

Posted: Jul 11, 2024

Chedid Re hires industry veteran Vandendael as Independent Non-Exec Director

Reinsurance News

Chedid Re has hired industry veteran, Vincent Vandendael, as an Independent Non-Executive Director. If you recall, Vandendael recently joined MJM Holdings’ Supervisory Board. Overall, Vandendael brings over 30 years of industry expertise tow...

Posted: Jul 11, 2024

Regulators Fine Citi $136M for Failing to Fix Longstanding Data Issues

Insurance Journal

U.S. bank regulators fined Citigroup $136 million for making “insufficient progress” fixing data management issues identified in 2020 and required the bank to demonstrate it was putting enough resources toward those efforts. The joint enf...

Posted: Jul 11, 2024

Woman Used Photos from Another Person in State Farm Claim, NCDOI Says

Insurance Journal

North Carolina authorities have charged one woman and are on the lookout for another in connection with a scheme to defraud a State Farm insurance company of more than $195,000. India Ayesha Wilkerson, 25, of Greensboro, was charged with insurance &#...

Posted: Jul 11, 2024

Aspen Data Labs launches to enhance digital and AI capabilities

Reinsurance News

Aspen Insurance Holdings Limited, a provider of insurance and reinsurance solutions, has launched Aspen Data Labs, a new platform designed to advance its digital capabilities and enhance its focus on data and artificial intelligence (AI). Aspen Da...

Posted: Jul 11, 2024

No Shops, No Gas: Large Swaths of Houston Are Still in the Dark

Insurance Journal

Days after Hurricane Beryl crashed through the city, Houston is still grappling with the aftershocks. Large swaths of America’s fourth-largest city are still without power, shutting stores and snarling traffic at non-functioning lights. Gas sta...

Posted: Jul 11, 2024