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BMS names Ryo Iizuka Director of PEMAT Japan

Reinsurance News

BMS Group, an independent specialist re/insurance broker, has announced the appointment of Ryo Iizuka as a Director of the Private Equity, Mergers & Acquisitions, and Tax (PEMAT) in Japan, effective immediately. The resurgence in M&A activ...

Posted: Jul 09, 2024

Ardonagh Advisory acquires Rollinson Smith Insurance Brokers

Reinsurance News

The SME broking platform of The Ardonagh Group, Ardonagh Advisory, has acquired Rollinson Smith Insurance Brokers (RSIB), the community broker servicing the Shropshire, Staffordshire, West Midlands and North Wales regions with considerable reach i...

Posted: Jul 09, 2024

Abbott Faces Trial Over Claims Preterm Infant Formula Caused Dangerous Disease

Insurance Journal

Similac baby formula maker Abbott was expected to face a trial on Monday over claims that its formula for preterm infants used in neonatal intensive care units causes a potentially deadly bowel disease, the second trial out of hundreds of …

Posted: Jul 09, 2024

Commercial Lines Not at Top of Cycle; ‘Thieves’ Fuel Social Inflation: CEOs

Insurance Journal

It’s not waning market discipline but the scourge of social inflation that industry leaders of commercial lines insurance businesses see as a potential threat to future profits, a trio of property/casualty chief executives said recently. Review...

Posted: Jul 09, 2024

Can Insurers Sue School Boards for PIP Claim Reimbursement? Florida Courts Differ

Insurance Journal

In 1997, Florida lawmakers tweaked the state’s personal injury protection or “no-fault” auto insurance law. The idea was to allow school kids injured in a school bus accident to have some of their medical bills covered by their pare...

Posted: Jul 09, 2024

Homebuilders Cut on ‘Sluggish’ Housing Market, Florida Woes

Insurance Journal

Homebuilder-stock analysts are increasingly worried about signs of softening in key hot spots like Florida and Texas. Lennar Corp. and D.R. Horton Inc. were downgraded by Citigroup Inc. analyst Anthony Pettinari on concerns the housing market could s...

Posted: Jul 09, 2024

OSHA Alleges Roofer Put Own Kids at Risk on Job

Insurance Journal

The owner of a Liverpool, Pennsylvania roofing company risked the lives of two of his children by exposing them to falls from heights while they worked on roofs atop a Mechanicsburg apartment complex in June 2024, a Occupational Safety and …

Posted: Jul 09, 2024

California Earthquake Authority Selling Debt to Avoid Paying More for Coverage

Insurance Journal

A state-managed earthquake insurer for homeowners in California is opting to borrow from the public debt market in lieu of paying for additional coverage that would shield it against risks. The California Earthquake Authority plans to sell $250 milli...

Posted: Jul 09, 2024

15 Firefighters Injured Fighting Virginia Warehouse Fire

Insurance Journal

Fifteen firefighters were injured fighting a large blaze at a fertilizer warehouse in South Hill, Virginia early Saturday morning. The firefighters were hospitalized due to chemical exposure, heat exhaustion and minors scrapes and burns. All were tre...

Posted: Jul 09, 2024

Miller names Gary Newlyn as Head of Social Housing & Public Sector

Reinsurance News

Independent specialist (re)insurance broker Miller has appointed Gary Newlyn as Head of Social Housing & Public Sector. According to Miller, Newlyn joins its dedicated team of infrastructure specialists and will sit within its new specialist h...

Posted: Jul 09, 2024

Insurance 101: All About Insurance Carrier Appointments

Insurance Journal

This post is part of a series sponsored by AgentSync. Picture this: You’ve taken all the necessary steps to become a licensed insurance producer. You’ve completed all of your state’s pre-licensing requirements, passed the official l...

Posted: Jul 08, 2024

Solving the Problem of Translation with AI in a Supporting Role

IIR

The satisfaction of non-English speakers is imperative. Fortunately technological advances have opened avenues for innovative translation solutions that dramatically accelerate key processes of translation.

Posted: Jul 08, 2024

Acrisure Names Aaron Miller CFO

IIR

Miller assumes the role September 1, reporting to Greg Williams, co-founder, chairman and CEO.

Posted: Jul 08, 2024

Chubb Makes Major Appointments for North American, Overseas General Insurance

IIR

For North America, John Lupica named Executive Chairman, Juan Luis Ortega named president and Scott Meyer named COO. Paul McNamee named EVP Overseas General Insurance.

Posted: Jul 08, 2024

State Farm and ADT test new offering in Georgia

coverager

Miller assumes the role September 1 from Jason DeYonker who will remain at Acrisure as Chief Acquisition Officer and advisor to Williams.

Posted: Jul 08, 2024

Cyberattacks in Insurance: What You Need to Know

Insurance Thought Leadership

Cyberattacks in Insurance: What You Need to Know From Our Partners sradomski

Posted: Jul 08, 2024

Research Findings on Customer Retention

Insurance Thought Leadership

Research Findings on Customer Retention From Our Partners sradomski

Posted: Jul 08, 2024

‘Healthy’ Workplace Key to Saving Billions Lost to Workplace Injuries, Illness

Carrier Management

‘Healthy’ Workplace Key to Saving Billions Lost to Workplace Injuries,...

Posted: Jul 08, 2024

Is a Captive Right for You? Maybe Not

Risk & Insurance

Much has been written about companies that form captives. What about the ones that decide the alternative risk management structure isn’t for them? The post

Posted: Jul 08, 2024

No Need to Keep Predicting Weather Crises: They're Here

Insurance Thought Leadership

No Need to Keep Predicting Weather Crises: They're Here PaulCarroll

Posted: Jul 08, 2024

Former USAA CEO Robles, 78, Dies

Insurance Journal

Former USAA chief executive officer Josue “Joe” Robles Jr., 78, died July 4. In a post to X, the company said: “Joe was a soldier at his core, and his service included multiple deployments and several distinguished honors. General R...

Posted: Jul 08, 2024

Pennsylvania Task Force Urges Tax Breaks for Flood Damage, Mitigation and Insurance

Insurance Journal

Pennsylvania lawmakers should consider granting homeowners tax breaks for water damage expenses, mitigation and repair costs, and flood insurance premiums, according to a new state report. Those are several of the recommendations by a task force that...

Posted: Jul 08, 2024

Markel Canada introduces Markel Play

coverager

Markel has a longstanding history of providing specialized insurance solutions for sport and recreational organizations.

Posted: Jul 08, 2024

Aurora launches new coverage

coverager

The new coverage is backed by AXA.

Posted: Jul 08, 2024

Introducing Milford Street Association Captive Insurance Company

coverager

Milford Street Association Captive Insurance Company is a client of ArentFox Schiff.

Posted: Jul 08, 2024

Najm Launches Advanced Telematics Initiative to Improve Safe Driving in Saudi Arabia

coverager

Najm for Insurance Services Company, today announced that it has launched a new telematics initiative to improve road safety in Saudi Arabia. The initiative, powered by advanced mobility analytics technologies, encourages safer driving practices.

Posted: Jul 08, 2024

iA Financial partners with Clutch

coverager

Miller assumes the role September 1 from Jason DeYonker who will remain at Acrisure as Chief Acquisition Officer and advisor to Williams.

Posted: Jul 08, 2024

NICB, NHTSA Join Forces to Deliver Auto Theft Prevention Message

Carrier Management

NICB, NHTSA Join Forces to Deliver Auto Theft Prevention Message Last year, more...

Posted: Jul 08, 2024

Search Suspended for Missing Boater in Lake Erie After 2 Rescued, 1 Dead

Insurance Journal

CLEVELAND (AP) — Authorities have suspended the search for a missing boater in Lake Erie after rescuing two others and pulling another person from the water who later died. The U.S. Coast Guard Great Lakes station said a distress call …

Posted: Jul 08, 2024

More Than 2.3 Million Texans Without Power as Hurricane Beryl Moves Inland

Insurance Journal

Hurricane Beryl has knocked out power for more than 2.3 million Texas customers, as of 10:27 a.m. Monday, based on estimates from PowerOutage.us and CenterPoint Energy. Outages are most extensive in the Houston area and coastal counties including Mat...

Posted: Jul 08, 2024

New State Climatologist For Louisiana Warns of “Very Active” Hurricane Season

Insurance Journal

BATON ROUGE, La. (AP) — Louisiana Gov. Jeff Landry announced last week that Jay Grymes, the chief meteorologist for WAFB-TV in Baton Rouge, will serve as the new state climatologist. Among responsibilities in his role, Grymes will be tasked with &#82...

Posted: Jul 08, 2024

New State Climatologist For Louisiana Warns of ‘Very Active’ Hurricane Season

Insurance Journal

BATON ROUGE, La. (AP) — Louisiana Gov. Jeff Landry announced last week that Jay Grymes, the chief meteorologist for WAFB-TV in Baton Rouge, will serve as the new state climatologist. Among responsibilities in his role, Grymes will be tasked with &#82...

Posted: Jul 08, 2024

Acrisure appoints Aaron Miller as CFO

Reinsurance News

Global insurance and reinsurance broking group Acrisure has hired Aaron Miller from the Abu Dhabi Investment Authority (ADIA) as its new Chief Financial Officer (CFO), reporting to Co-Founder, Chairman and Chief Executive Officer (CEO) Greg Willia...

Posted: Jul 08, 2024

People Moves: Grant Joins MGA Devonshire as Underwriting Manager; Generali GC&C Makes 3 Key Appointm...

Insurance Journal

This edition of International People Moves details appointments at the MGA Devonshire Underwriting and Generali Global Corporate & Commercial (GC&C), . A summary of these new hires follows here. Grant Joins MGA Devonshire Underwriting as Unde...

Posted: Jul 08, 2024

AIG appoints Adam Burk as Global Treasurer & Head of Corporate Development

Reinsurance News

Global insurer American International Group (AIG) has announced the appointment of Adam Burk as Global Treasurer and Head of Corporate Development, alongside his current role as Head of Corporate Development. Burk will continue reporting to Sabra...

Posted: Jul 08, 2024

California Inspectors Didn’t Visit All Farmworker Housing to Review Safety as Required

Carrier Management

California Inspectors Didn’t Visit All Farmworker Housing to Review Safety as Required When Anto...

Posted: Jul 08, 2024