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US Home Insurance Still Priced Too Low for Climate Risk, Says Swiss Re...
Posted: Jul 03, 2024
Cargo Theft Risk Rises Duri...
Posted: Jul 03, 2024
U.S. High Court Rejects Challenge to Workplace Safety Agency The U.S. Supreme Court declined on Tuesday...
Posted: Jul 03, 2024
Insurance Business Magazine - US
Posted: Jul 03, 2024
Insurance Business Magazine - US
Posted: Jul 03, 2024
Insurance Business Magazine - US
Posted: Jul 03, 2024
Insurance Business Magazine - US
Posted: Jul 03, 2024
Insurance Business Magazine - US
Posted: Jul 03, 2024
Insurance Business Magazine - US
Posted: Jul 03, 2024
Insurance Business Magazine - US
Posted: Jul 03, 2024
State Farm has applied for large rate increases in California, months after the carrier got rate approvals of 7% and 20% earlier this year—adding fuel to a burning homeowners crisis in a state that’s seen an increasing number of carriers …...
Posted: Jul 03, 2024
This edition of International People Moves details appointments at Everest in Europe and CNA Hardy. A summary of these new hires follows here. Everest Taps BHSI’s d’Huart as Head of France, Charon Named Head of Client Engmt, Europe Everes...
Posted: Jul 03, 2024
A federal judge halted Joe Biden’s temporary moratorium on new licenses for exports of US liquefied natural gas, though the decision is unlikely to immediately jump start approvals. US District Judge James D. Cain Jr. in Louisiana issued a prel...
Posted: Jul 03, 2024
ALTON, Ill. (AP) — A giant sinkhole has swallowed the center of a soccer complex that was built over an operating limestone mine in southern Illinois, taking down a large light pole and leaving a gaping chasm where squads of …
Posted: Jul 03, 2024
Hurricane Beryl’s explosive growth into an unprecedented early whopper of a storm shows the literal hot water the Atlantic and Caribbean are in right now and the kind of season ahead, experts said. Beryl smashed multiple records even before its...
Posted: Jul 03, 2024
MONAHANS — Low wages and working conditions that truck drivers describe as degrading have sparked an organized labor movement in the Permian Basin, a historic first for the nation’s busiest oil field. About a dozen truckers and local environmen...
Posted: Jul 03, 2024
Yemen’s Houthis are sending drone boats packed with explosives into the Red Sea as they intensify their attacks on merchant ships that have little defense against the “sophisticated shift” in tactic, maritime security sources say. I...
Posted: Jul 03, 2024
Marsh McLennan Agency, a subsidiary of Marsh, announced the acquisition of AmeriStar Agency, Inc., a Wayzata, Minnesota-based independent agency. Terms of the acquisition were not disclosed. Founded in 1987, AmeriStar provides a range of insurance co...
Posted: Jul 03, 2024
According to a recent poll from Reinsurance News, artificial intelligence (AI) is anticipated to have the least impact in customer service, whilst nearly half of industry respondents believe that AI will have the biggest impact in risk modelling &...
Posted: Jul 03, 2024
Warmer Than Normal Ocean Temps Will Fuel More Powerful Storms Like Hurricane Beryl Hurricane Beryl's ex...
Posted: Jul 03, 2024
Posted: Jul 03, 2024
By conducting risk assessments insurers can help businesses in the Asian marine industry to understand their existing operations and ways in which they can reduce claims as they navigate a sector full of challenges, QBE analysts state. The marine...
Posted: Jul 03, 2024
MASONVILLE, N.Y. (AP) — Five members of a family from Georgia, including a former insurance analyst, who were visiting Cooperstown, New York, for a baseball tournament died when their small plane crashed in a rural, wooded area, authorities said. The...
Posted: Jul 03, 2024
Specialist Risk Group, the London-based insurance intermediary, announced the acquisition of political violence specialist underwriter, Tristar Special Risks. Tristar Special Risks has deep expertise in terrorism insurance and supports broker partner...
Posted: Jul 03, 2024
AnaCap, a private equity investor specialising in collaborations with founders and entrepreneurial management teams across services, technology, and software in the European financial sector, has entered into exclusive negotiations to acquire the...
Posted: Jul 03, 2024
Howden, the London-based insurance intermediary group, announced its entry into the Japanese market, launching Howden Re Japan Ltd. and an ILS partnership with Keystone ILS Capital. Howden also announced the appointment of Kentaro Tada as CEO, Howden...
Posted: Jul 03, 2024
Everest Insurance has announced the appointments of François-Xavier d’Huart as Head of France and Europe Strategic Projects and Anne Charon as Head of Client Engagement, Europe for Everest Insurance International, in a move that expands the...
Posted: Jul 03, 2024
DARIEN, Ga. (AP) — A man has been charged with starting a fire that destroyed a nearly century-old home on the site of a coastal Georgia rice plantation that’s associated with the largest slave auction in U.S. history, authorities said …
Posted: Jul 03, 2024
ATLANTA (AP) — The Atlanta City Council has approved the payment of a settlement of $2 million to two college students who were shocked with Tasers and pulled from a car while they were stuck in downtown traffic caused by …
Posted: Jul 03, 2024
Munich Re’s Risk Management Partners is teaming with CGI, the business and IT consulting services firm, in a move that is set to help insurers reduce claims, increase profits, and drive long-term value through climate risk mitigation. This p...
Posted: Jul 03, 2024
Ryan Specialty Announces Succession Plan:...
Posted: Jul 03, 2024
Supreme Court Overturns Chevron Rule in Blow to Regulators A divided U.S. Supreme Court thr...
Posted: Jul 03, 2024
Specialist global insurer, Hiscox, has announced the appointment of Curtis L. Dickinson as a Non Executive Director for its subsidiary Hiscox Insurance Company (Bermuda) Limited (HIB) board, subject to regulatory approval. Dickinson, who has over...
Posted: Jul 03, 2024
Law firms are capitalizing on client uncertainty sparked by a flurry of new U.S. Supreme Court rulings that favored opponents of federal agency powers, even as lawyers themselves differ on the decisions’ immediate and long-term effects. Within...
Posted: Jul 03, 2024
The June 1 and July 1, 2024, reinsurance renewals revealed sufficient capacity to meet increased demand, with an additional $5 billion available for US insurers covering catastrophe-exposed properties compared to last year, according to insurance...
Posted: Jul 03, 2024
Tony Martinez has been appointed to the new position of chief information officer for Unison Risk Advisors (URA) Inc., the parent company for Baltimore-based RCM&D, Oswald Companies of Cleveland and Miami-based NSI Insurance. He will lead all tec...
Posted: Jul 03, 2024
As generative AI (Gen AI) continues to be adopted across the re/insurance sector, it is becoming more clear that the technology will be truly transformative for the industry. However, it appears that there is still a lot of foundational work that...
Posted: Jul 03, 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has announced the appointment of Christoph Müller as Country Manager, Insurance for Switzerland. In his new role, Müller will report directly to Ra...
Posted: Jul 03, 2024
Reinsurance broker Guy Carpenter’s mid-year reinsurance renewal report reveals that some upper layers of property placements saw risk-adjusted decreases of 10% or more for accounts without loss impacts. However, the broker finds that mid-yea...
Posted: Jul 03, 2024