All Posts

Progressive Settles New York Case Over Unpaid Sales Taxes on Total Loss Claims

Insurance Journal

At the same time it is settling a New York class action about underpaying totaled loss claims for $48 million, Progressive Insurance, in a separate case, has agreed to an $18.3 million settlement over allegations that its carriers failed to …

Posted: Jul 10, 2024

AI and climate change top priorities for insurance executives in 2024: IIS

Reinsurance News

Artificial Intelligence (AI) and climate change have emerged as the top priorities for insurance executives worldwide, according to a survey by the International Insurance Society (IIS). The ILS 2024 Global Priorities Survey aimed to identify the...

Posted: Jul 10, 2024

California Company Recalling 1M Power Adapters Sold with Baby Sound Machines Due to Shock Hazard

Insurance Journal

Due to a shock hazard, a California company is recalling nearly 1 million power adapters sold with sound machines marketed to help infants and young children sleep. The plastic surrounding the AC power adapter that was supplied with some of …

Posted: Jul 10, 2024

Protecting Your Clients: The Power of Cyber Insurance

Insurance Journal

This post is part of a series sponsored by PCF Insurance Services. The frequency and impact of cyberattacks are escalating at an alarming rate in today’s modern world. According to Cybersecurity Ventures, a business falls victim to a ransomware...

Posted: Jul 09, 2024

The Benefits of Bringing Outside Perspectives to the Workers’ Compensation Industry

Risk & Insurance

Two recent One Call hires demonstrate the positive effect external talent and perspectives have on bringing forth successful workers’ compensation solutions. The post

Posted: Jul 09, 2024

Why Insureds Need Comprehensive Wildfire Protection

Risk & Insurance

With expanding wildfire risk, insurance isn't enough. Insureds also need to invest in risk mitigation to help protect their properties. The post

Posted: Jul 09, 2024

Houston Struggles With Beryl’s Blackouts and Searing Heat

Insurance Journal

Houston is struggling through Hurricane Beryl’s chaotic aftermath, with blackouts, blocked roads, internet disruptions and spotty access to gas expected to linger well after the storm’s floodwaters recede. More than 1 million homes and bu...

Posted: Jul 09, 2024

Guard exits California home insurance market

coverager

This move follows similar exits by other insurers.

Posted: Jul 09, 2024

Eastern Alliance Boosts Workers’ Comp Claims Management with CLARA Analytics

IIR

The insurer seeks to enhance medical outcomes for injured workers, improve reserve accuracy, and lighten administrative burdens for claims professionals.

Posted: Jul 09, 2024

Verisk Launches New Insurance Index to Better Inform Pricing Decisions

IIR

Verisk’s ISO Experience Index can help the insurance industry quickly assess changes in risk patterns and the cost of insuring risk.

Posted: Jul 09, 2024

Top 5 Most-Read Articles in Independent Agent in June

IA Magazine

From the continued heat in the personal auto market, to the consequences of risk misclassification, emerging risks such as short-term rentals and lithium batteries, June articles provide analysis of industry trends and market conditions.

Posted: Jul 09, 2024

GNP Seguros Implements Equisoft Policy Admin Solution

IIR

As part of its ongoing digital transformation, the Mexican insurer seeks to offer innovative products that meet changing customer demand.

Posted: Jul 09, 2024

Southern California Wildfire Has Now Burned Nearly 27,000 Acres

Insurance Journal

A Southern California wildfire that grew to be the biggest of the year is now at nearly 27,000 acres. The Lake Fire in Santa Barbara County erupted on Friday northeast of Los Olivos. An evacuation order was issued for an …

Posted: Jul 09, 2024

CSU Ups 2024 Atlantic Hurricane Season Forecast After Harbinger Beryl

Carrier Management

CSU Ups 2024 Atlantic Hurricane Season Forecast After Harbinger Beryl...

Posted: Jul 09, 2024

Michigan DIFS Bulletin Prohibits Discounting Labor Costs for Depreciation

Insurance Journal

Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox released a new bulletin explicitly prohibiting insurers from discounting labor costs for depreciation when paying a homeowners insurance claim unless the insured has ag...

Posted: Jul 09, 2024

Ohio Apartment Building Set to Reopen After Nearby Deadly Gas Explosion

Insurance Journal

A 16-story apartment building in Ohio may reopen early next month, several weeks after it was temporarily shuttered following a deadly natural gas explosion that severely damaged a neighboring building. Youngstown officials had ordered the evacuation...

Posted: Jul 09, 2024

See How Cancer Presumptions Can Change Firefighters Access To Care

Risk & Insurance

Download our new white paper to see how an engaged PBM can help advocate for clients and control costs of treatment. The post

Posted: Jul 09, 2024

Last Survivors of Tulsa Race Massacre Challenge Oklahoma High Court Ruling

Insurance Journal

OKLAHOMA CITY (AP) — Attorneys for the last two remaining survivors of the 1921 Tulsa Race Massacre asked the Oklahoma Supreme Court last week to reconsider the case they dismissed last month and called on the Biden administration to help …

Posted: Jul 09, 2024

Houston Will Feel Like 106F as Millions Remain Without Power

Insurance Journal

Houston is set for a dangerous bout of heat as more than 2 million homes and businesses remain without power in the area around the nation’s fourth-largest city after Hurricane Beryl’s battering. The region is under a heat advisory, with...

Posted: Jul 09, 2024

Hurricane Beryl losses to be very manageable for the re/insurance industry: Bowen, Gallagher Re

Reinsurance News

Despite the possibility of hurricane Beryl being a billion-dollar economic loss for the United States, it is expected to be a very manageable storm for the re/insurance industry, Steve Bowen, Chief Science Officer at Gallagher Re has commented. Bo...

Posted: Jul 09, 2024

Insurance 101: All About Insurance Carrier Appointments

coverager

Obtaining carrier appointments is a crucial part of working as an insurance producer. Learn more about the appointment process in this 101 blog.

Posted: Jul 09, 2024

4 Steps to Better Broker/Underwriter Workflows

coverager

Thanks to the emergence of insurtech and the wave of solutions that have come since, there are more options available than ever before to improve some of the most painful insurance processes—including broker and underwriter workflows.

Posted: Jul 09, 2024

Ardonagh Advisory acquires Shropshire-based Rollinson Smith Insurance Brokers

coverager

The team of 26 operates from Telford.

Posted: Jul 09, 2024

TAL partners with Microsoft

coverager

The agreement builds on the two organizations’ longstanding partnership.

Posted: Jul 09, 2024

Howden Re and Moody’s launch talent exchange program

coverager

This initiative aims to enhance professional development, career opportunities, and knowledge sharing.

Posted: Jul 09, 2024

Unum Group to sell medical stop loss operations to Amynta Group

coverager

The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions.

Posted: Jul 09, 2024

SES Risk Solutions partners with Guaranteed Rate Insurance

coverager

The companies will enable rental property owners to secure comprehensive landlord insurance coverage.

Posted: Jul 09, 2024

Solera announces filing for IPO on NYSE

coverager

Solera is a provider of SaaS solutions to the vehicle lifecycle ecosystem.

Posted: Jul 09, 2024

Gradient AI raises $36 million

coverager

Gradient AI's insurer backers include AmFam and MassMutual.

Posted: Jul 09, 2024

At-Bay to shut down Relay

coverager

At-Bay acquired Relay nearly two years ago.

Posted: Jul 09, 2024

AmTrust invests in weSure Global

coverager

AmTrust and weSure have been partners since 2022.

Posted: Jul 09, 2024

Westwood Insurance Agency partners with Stanley Martin Homes

coverager

Stanley Martin Homes will be able to offer homeowners insurance to its customers early in the home-buying process.

Posted: Jul 09, 2024

Insurance quotes for Tesla Cybertruck in Illinois

coverager

Zoë Foundry aims to launch three employee benefits startups annually.

Posted: Jul 09, 2024

June Marks 13 Months in a Row Heat Record

Carrier Management

June Marks 13 Months in a Row Heat Record Earth's more than year-long streak of rec...

Posted: Jul 09, 2024

Survey: AI Set to Save Professionals Up to 12 Hours a Week by 2029

Carrier Management

Survey: AI Set to Save Professionals Up to 12 Hours a Week by 2029 Results from a new survey predicts AI will...

Posted: Jul 09, 2024