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The National Rifle Association’s former finance czar, Wilson “Woody” Phillips, has been banned for a decade from managing money for any nonprofit company in New York, the state’s attorney general said Tuesday. Phillips agreed...
Posted: Jul 11, 2024
Vantage Group Holdings has appointed Leanne Berry as Chief Distribution Officer, effective immediately. In the new role, Berry will reportedly oversee all aspects of Vantage’s specialty insurance distribution strategy to support its sustaine...
Posted: Jul 11, 2024
MADISON, Wis . (AP) — A federal judge ruled Monday that protesters can’t march through a security zone at the Republican National Convention, handing a defeat to liberals who had pushed to have closer access to where delegates will be …
Posted: Jul 11, 2024
A La Porte, Texas tank cleaning company faces over $800,000 in fines after the company allegedly disregarded federal safety standards that may have protected their employees from hazardous working conditions and prevented another employee from suffer...
Posted: Jul 11, 2024
New York University has settled a lawsuit filed last November by three Jewish students who said they had been subjected to “pervasive acts of hatred, discrimination, harassment, and intimidation” since the start of the Israel-Hamas war. N...
Posted: Jul 11, 2024
New classic and modern collector vehicle insurer, OpenRoad, has announced it will begin offering coverage across select U.S. states on Monday, July 15, 2024. OpenRoad will be centered around Midwest states with coverage becoming available across Wisc...
Posted: Jul 11, 2024
An Iowa woman was sentenced on July 2, 2024 after pleading guilty to Tampering With Records (Aggravated Misdemeanor) following an investigation by the Iowa Insurance Division’s Fraud Bureau. Sarah Rahm, age 39, of Bondurant made willful misrepr...
Posted: Jul 11, 2024
Clearwater, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has partnered with Pool Re, Britain’s government-backed terrorism reinsurer, to support its investment accounting and reporting proce...
Posted: Jul 11, 2024
More Executives on the Move at Chubb Chubb on Wednesday announced several more promotions within...
Posted: Jul 11, 2024
Biden Administration Raises FEMA Bar for Flood Resilience The U.S. Federal Emergency Managemen...
Posted: Jul 11, 2024
SageSure, a managing general agent specializing in catastrophe-exposed markets in the Southeast and other states, along with its affiliated Anchor Re captive reinsurer and SURE reciprocal, announced they have secured a $60 million catastrophe bond, t...
Posted: Jul 11, 2024
Pacific Life Re, a company in the life and health reinsurance sector, is growing its client solutions team in the savings and retirement business. This expansion will enhance their ability to support clients as the business grows in both current a...
Posted: Jul 11, 2024
Stacks Insurance Brokerage in Lighthouse Point, Florida, has named Kenny Bordman partner and president of commercial insurance. Bordman has more than a decade in commercial insurance, preceded by years in the U.S. Army and law enforcement, Stacks sai...
Posted: Jul 11, 2024
Authorities in Western states warned of the rising risk of wildfires as hot conditions and low humidity dry out the landscape amid a protracted heat wave that is expected to bake much of the U.S. again Thursday. California’s top fire …
Posted: Jul 11, 2024
Ranked by 2023 total revenues, Marsh McLennan retains the top position for the 14th consecutive year in AM Best’s rankings of the top global insurance brokers, with its total revenue rising nearly 9.7% to reach $22.7 billion in the year. Our...
Posted: Jul 11, 2024
Costello became part of Heffernan's aviation specialty practice on May 1, 2024.
Posted: Jul 11, 2024
Earlier this month, Guaranteed Rate, the parent company of Guaranteed Rate Insurance, rebranded to Rate.
Posted: Jul 11, 2024
NEW ORLEANS (AP) — Lawyers for retired NFL quarterback Brett Favre asked a federal appeals court Tuesday to revive a defamation lawsuit Favre filed against a fellow Pro Football Hall of Fame member, former tight end Shannon Sharpe, amid the …
Posted: Jul 11, 2024
Everest Group, Ltd., the global underwriter for property, casualty, and specialty re/insurance has appointed Nicole Robertson as Vice President, Head of North America Insurance Sales and Distribution Strategy. The re/insurer stated that “Rob...
Posted: Jul 11, 2024
ST. PETERSBURG, Fla. (AP) — Environmental groups and Florida regulators have settled a lawsuit over the 2021 leak of millions of gallons of polluted water from a phosphate plant reservoir into Tampa Bay, which triggered major fish kills and the ̷...
Posted: Jul 11, 2024
French shipping and logistics company CMA CGM said on Thursday that its ship “Benjamin Franklin” had lost 44 containers in difficult weather conditions off the coast of South Africa on Tuesday. “No injury to the crew has been report...
Posted: Jul 11, 2024
DUAL Europe has partnered with VHV Allgemeine Versicherung AG, part of the VHV Group (VHV), a strategic move that aims to strengthen its position in the Construction market. Backed by VHV’s capacity, DUAL Europe’s Engineering & Construction Hu...
Posted: Jul 11, 2024
Insurance Business Magazine - US
Posted: Jul 11, 2024
Amynta Group, the insurance services company, has entered into a definitive agreement with Unum Group, which will see Amynta acquire the Group’s Medical Stop Loss business. According to the announcement, the business will operate as a full-service...
Posted: Jul 11, 2024
UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company’s return to the Lloyd’s market after a hiatus of more than 20 years. The deal with Probitas, first announced in March...
Posted: Jul 11, 2024
Insurance Europe, the association representing insurance and reinsurance companies, has published its manifesto that outlines the insurance industry’s strategic priorities aimed at making the European Union more more prosperous, resilient, a...
Posted: Jul 11, 2024
CFC, an insurance provider specialising in emerging and cyber risks, has announced the appointment of Daisy Lopez as Senior Executive Underwriter for CFC USA. In her new role, Lopez will lead the expansion of CFC’s new mid-market cyber division in...
Posted: Jul 11, 2024
Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday. About 1.5 million customers remained without power in Texas on …
Posted: Jul 11, 2024
Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday. About 1.5 million customers remained without power in Texas on …
Posted: Jul 11, 2024
Karen Clark & Company (KCC) has estimated that the privately insured loss from Hurricane Beryl will be close to $510 million in the Caribbean, $90 million in Mexico and $2.7 billion in the US. According to the firm, its US estimate includes th...
Posted: Jul 11, 2024
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will make payouts totalling around US$44 million to the Government of Grenada following the passage of Hurricane Beryl, which triggered all of the company’s parametric policies for the coun...
Posted: Jul 11, 2024
Reinsurance Group of America (RGA) and Principal Financial Group (Principal) have partnered with Zoë Foundry, the venture studio focused on the employee benefits ecosystem, investing a combined $5 million as their lead investors. This investment f...
Posted: Jul 11, 2024
Marsh McLennan, a global re/insurance broker, has added Jan Siegmund to its Board as a Director, effective immediately. The Board of Directors now consists of 12 directors. H. Edward Hanway, Chair, Company’s Board of Directors, commented on the ap...
Posted: Jul 11, 2024
Posted: Jul 11, 2024
Orion180 has completed its reinsurance placement for excess-of-loss (XOL) and net quota share agreements for the 2024 hurricane season, marking a 47% increase in the firm’s tower from 2023. According to Orion180, with this strategic placemen...
Posted: Jul 11, 2024
Specialist underwriter, Qubit, has expanded into the Australian market by providing insurance coverage for Monochrome, the specialist investment management firm offering regulated access to crypto-assets. It’s important to note, that Monochr...
Posted: Jul 11, 2024
Alliant Insurance Services, the insurance brokerage and consulting firm, has hired 35-year industry veteran, Ali Williamson as Senior Vice President within the company’s Alliant Americas division. In the role, Williamson will be based in Den...
Posted: Jul 11, 2024
Monarch E&S Insurance Services, a division of Specialty Program Group LLC, has acquired the assets of Commercial Sector Insurance Brokers, LLC (CSIB), an Excess & Surplus (E&S) wholesale broker based in Birmingham, Alabama. With a mana...
Posted: Jul 11, 2024
Altamont Capital Partners, a private investment firm based in the San Francisco Bay Area, has announced the appointment of Brad Fischtrom as an Operating Partner to support its insurance investment efforts. In this role, Fischtrom will advise on i...
Posted: Jul 11, 2024
An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world’s economic outlook, according to an annual survey released on Thursday. Th...
Posted: Jul 11, 2024
Eastern Alliance Insurance Group, a fully owned subsidiary of ProAssurance Corporation, has chosen the CLARAty.ai platform from CLARA Analytics, a provider of artificial intelligence (AI) technology for optimising insurance claims, to enhance clai...
Posted: Jul 11, 2024
Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District …
Posted: Jul 11, 2024
Hurricane Beryl’s path of destruction through the Caribbean last week triggered a record $44 million payout to the nation of Grenada from a regional catastrophe insurance fund. The Caribbean Catastrophe Risk Insurance Facility, or CCRIF, said i...
Posted: Jul 11, 2024
The US Federal Emergency Management Agency (FEMA) has finalized a rule mandating that projects built using its funds not only take into account previous and current levels of local flood risk, but for the first time consider the future risk …
Posted: Jul 11, 2024