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Specialist managing general underwriter, New Energy Risk (NER), a wholly owned division of Paragon Insurance Group, and insurer Westfield Syndicate are launching a new Lloyd’s lineslip focused on providing technology performance insurance and othe...
Posted: Jul 01, 2024
CRC Group, the North American wholesale specialty insurance distributor, has bolstered its team with a series of key hires. Firstly, the company has announced that Sarah McKenna has joined CRC Group’s San Francisco, CA office as a property broker....
Posted: Jul 01, 2024
The auto insurance and repair industry must “adapt to new patterns and prepare for an unpredictable future,” according to the Crash Course Q2 2024 report released by CCC Intelligent Solutions Inc., a P/C cloud platform provider. The lates...
Posted: Jul 01, 2024
A federal judge on Friday rejected a bid by a group of cancer victims to block Johnson & Johnson from pursuing a proposed bankruptcy settlement of tens of thousands of lawsuits alleging the company’s baby powder and other talc products R...
Posted: Jul 01, 2024
New York City is the world’s most-congested urban area for the second year in a row, costing the city an estimated $9.1 billion in lost time, a new report shows. A typical motorist driving through the most populated city in …
Posted: Jul 01, 2024
Florida regulators’ effort to enforce a 2002 state law and keep insolvent insurers’ officers out of carrier leadership roles appears to be a reason behind a significant shakeup at St. Petersburg-based American Coastal Insurance Corp. An o...
Posted: Jul 01, 2024
An insurer cannot rescind a workers’ compensation policy, even in the case of a material misrepresentation that could led to millions of dollars in benefits payments, the Mississippi Supreme Court decided last week. The Mississippi Workers̵...
Posted: Jul 01, 2024
Florida Senate Bill 360 became law on April 13, 2023. It significantly reduced the time Florida’s statute of repose and statute of limitations give plaintiffs – including subrogating insurers – to bring civil actions regarding the design, plann...
Posted: Jul 01, 2024
Professional services firm Accenture has recently announced the appointment of Carmina Lees as the local lead for its insurance practice in the UK and Ireland. Lees brings 25 years of industry experience to her new role. She has gained cross-indus...
Posted: Jul 01, 2024
California’s Workplace Violence Prevention Senate Bill 553, which is now in effect (July 1), requires businesses with exposure in the state to implement robust workplace violence prevention plans. SB 553, which modifies an existing California l...
Posted: Jul 01, 2024
Total insurer combined losses and expenses incurred in 2023 were down, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its report on workers’ compensation losses and expenses for 2023. Findings...
Posted: Jul 01, 2024
This post is part of a series sponsored by TSIB. We are seeing an explosion of technology as our devices become more powerful and less expensive. Companies are taking advantage of our voracious appetite for all things technology and creating …
Posted: Jun 30, 2024
Carriers that have the depth of experience and the vision to create and maintain stable portfolios will be better partners to buyers and distributors of insurance in the long run. The post
Posted: Jun 30, 2024
When carriers stop offering homeowners insurance policies in particular locations, captives are a way to provide needed risk transfer. The post
Posted: Jun 30, 2024
A new Rhode Island law prohibits auto insurers from charging policyholders more solely because they have been widowed. The new law bans insurers from treating widows or widowers any differently than married people in terms of classification or rates...
Posted: Jun 30, 2024
Uber can require that a passenger seriously injured in a crash involving an Uber driver go to arbitration over his $63 million damages claim without a trial, the highest court in Massachusetts recently ruled, overturning a lower court. The Massachuse...
Posted: Jun 30, 2024
The New Jersey Supreme Court has ruled that all commercial landowners — including owners of vacant commercial lots — have a duty to maintain the public sidewalks abutting their property in reasonably good condition and are liable to pedes...
Posted: Jun 30, 2024
Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines because that coverage lends itself perfectly t...
Posted: Jun 30, 2024
Insurance is a data-centric industry. Whether it’s detailed customer information, employee performance success rates or industry trends, agencies are always collecting data. The idea of harnessing this data for better decision-making isn’...
Posted: Jun 30, 2024
By Jahna Jacobson Employers will face three major workplace safety challenges in the coming years, but all can be mitigated through evolving safety solutions, workers’ compensation professionals say. The report, Challenges for Today’s Wor...
Posted: Jun 30, 2024
Economic volatility, geopolitical upheaval and artificial intelligence (AI) have driven the corporate threat level to its highest in 12 years, according to Clyde & Co’s 2024 Corporate Risk Radar. The survey of C-Suite decision-makers, in-ho...
Posted: Jun 30, 2024
The insurance industry has increasingly relied upon the use of big data to enhance its operations and core functionalities, and one way this trend has manifested is in the realms of property and casualty business, where big data is being …
Posted: Jun 30, 2024
I readily admit that lists of top risks, top threats, and opportunities for insurance are well-trodden ground, and ranking risks in order of importance inevitably triggers debate about which risk should be near the top or bottom, rather than the R...
Posted: Jun 30, 2024
Rising interest rates have clipped the bloom from the rose in terms of sky-high sales multiples for many agency sales transactions. Despite continued strong demand for acquisitions, buyers are simply constrained by prime rates above 8%. Unfortunately...
Posted: Jun 30, 2024
Most of our agency clients tell us they have a hard time finding producers. They want to know where to look and how to bring them in. It is not an easy task to find someone, especially a producer from …
Posted: Jun 30, 2024
The strategic application of data analytics has become a cornerstone of success in the insurance industry. Data analytics and predictive modeling offer insurance entities a powerful means to identify profitable market segments, optimize pricing strat...
Posted: Jun 30, 2024
There’s a lack of “green” design specialization but that’s OK, says Kevin Collins, A&E Professional Liability Practice Leader, at Victor. “It’s pretty easy to get coverage for firms that are involved in green d...
Posted: Jun 30, 2024
By Andrea Wells From increased wildfires to flooding to wind and hail and hurricanes, the risks and resulting losses from climate change grow each year. While 2023 was the hottest year on record, 2024 is shaping up to beat that …
Posted: Jun 30, 2024
How are insurers viewing the solar and renewable energy markets? While large risks likely have no problem, smaller to middle risks may face difficulty. “I certainly think there’s a gap in the smaller risk area,” said Loren Henry, vi...
Posted: Jun 30, 2024
Demand for technology-related products such as computer chips, semiconductors, electric vehicle batteries and embedded software is rapidly increasing in today’s tech-driven society, which is in turn increasing demand — and opportunities &...
Posted: Jun 30, 2024
Multiple companies in the United States and Canada experienced a record number of cyber extortion events in 2023 and unprecedented demands, a new report from Marsh shows. The report, Ransomware: A persistent challenge in cyber insurance claims, also...
Posted: Jun 30, 2024
BLUE SPRINGS, Mo. (AP) — A $4.2 million verdict that jurors ordered a Missouri school district to pay a transgender student is under consideration again. The Western District Missouri Court of Appeals found that a judge erred in ordering a R...
Posted: Jun 30, 2024
Iowa officials agreed to pay $3.5 million in a settlement agreement with the family of an Iowa State University student who drowned after a school crew club boat capsized in cold, rough waters. The State Appeal Board approved the terms …
Posted: Jun 30, 2024
Short but severe flooding that followed hurricanes Harvey and Irma in 2017 triggered a nationwide increase in flood insurance take-up driven by a county’s social network proximity to flooded areas, says a new academic paper. The authors’...
Posted: Jun 30, 2024
The trust factor is critical in the insurance purchasing process. When customers trust their insurance provider they feel more satisfied with the insurance buying process even in the face of rising rates. That’s according to the J.D. Power 2024...
Posted: Jun 30, 2024
With hurricane season underway, now is the time for agents to work with community owners in hurricane-prone areas to assess their exposures and provide recommendations to mitigate risks, reduce losses and accelerate recovery.
Posted: Jun 30, 2024
Don't let gaps in insurance jeopardize your client’s operations. Find out more about this inland marine coverage.
Posted: Jun 30, 2024
Flood BI can cover many aspects of business interruption, including non-damage business interruption and denial of access.
Posted: Jun 30, 2024
Whether physical advertisements, written content, broadcasts, videos, podcasts, photographs or social media posts, almost every company creates, produces or generates content for themselves.
Posted: Jun 30, 2024
Gamify Data Management for Clear Business Insights Agent & Broker ClareCarroll1
Posted: Jun 30, 2024
Why Touchless Claims Is a Must-Have in 2024 Claims ClareCarroll1
Posted: Jun 30, 2024
Time to Modernize Your Mainframe Data Analytics ClareCarroll1
Posted: Jun 30, 2024
Cinch Home Services helps FirstChoice further support its members by offering its network of insurance agents access to home protection solutions for their clients.
Posted: Jun 30, 2024
At RISKWORLD 2024, Jean Feldman, senior director of managed care at Sentry Insurance, sat down with Risk & Insurance to talk behavioral health in workers’ comp. The post
Posted: Jun 30, 2024
Through a new tool based on the vendor’s Underwriting Solution, Engage PEO has been able to increase its risk appetite and expand into to new markets.
Posted: Jun 28, 2024
Insurance Business Magazine - US
Posted: Jun 28, 2024
Insurance Business Magazine - US
Posted: Jun 28, 2024