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Exclusion Does Not Exclude Coverage for Condo in Nashville Christmas Bombing

Insurance Journal

The insurance fallout from the Christmas Day 2020 bombing in downtown Nashville continues, with a federal court deciding this week that Aspen Specialty Insurance must cover millions in replacement costs for a heavily damaged condominium building. The...

Posted: Jun 21, 2024

Bridge Collapse Attorneys for Baltimore Want to Keep Dali Crew From Returning Home

Insurance Journal

Attorneys are asking a federal judge to prevent crew members on the cargo ship Dali from returning to their home countries amid ongoing investigations into the circumstances leading up to the deadly collapse of the Francis Scott Key Bridge in …

Posted: Jun 21, 2024

IUA launches London forum for mergers and acquisitions insurance focus

Reinsurance News

A new London company market forum, operated by the International Underwriting Association (IUA), which represents London-based international and wholesale insurance and reinsurance companies, is centring its efforts on warranty and indemnity insur...

Posted: Jun 21, 2024

Los Angeles Will Pay $300K to Settle Lawsuit Against Journalist Over Undercover Photos

Insurance Journal

Los Angeles has agreed to pay $300,000 to cover the legal fees of a local journalist and a technology watchdog group that had been sued by the city last year for publishing photos of names and photographs of hundreds of …

Posted: Jun 21, 2024

New York’s Equal Rights Amendment Restored to November Ballot

Insurance Journal

A proposed amendment to New York’s constitution barring discrimination based on “gender identity” and “pregnancy outcomes” was restored to the November election ballot Tuesday by a state appeals court. The court decision...

Posted: Jun 21, 2024

Emerald Bay Partners with Lightspeed for California Homeowners Insurance Facility

Insurance Journal

Emerald Bay Risk Solutions is partnering with Lightspeed Specialty Insurance Solutions to launch an insurance facility in California that delivers coverage for homeowners and landlords. The facility will primarily target owner- or tenant-occupied dwe...

Posted: Jun 21, 2024

WTW Names Len Graziano Casualty Strategy and Execution Leader, CRB NA

IIR

Graziano will further promote the strategic alignment of all casualty product lines by incorporating industry vertical specialization, talent mapping, and go-to-market strategy differentiation.

Posted: Jun 20, 2024

ZestyAI Joins Duck Creek’s Solution Partner Ecosystem

IIR

The partnership equips P&C insurers with property analytics and peril-specific risk scores they need to assess and manage climate-related risks.

Posted: Jun 20, 2024

ForMotiv and FRISS Partner on Fraud Detection and Risk Mitigation

IIR

The collaboration aims to provide insurers with new insights into applicant behavior and intent, significantly enhancing fraud detection and risk assessment processes.

Posted: Jun 20, 2024

Ledgebrook expands partnership with Obsidian

coverager

This announcement follows the successful launch of Ledgebrook's Miscellaneous Professional Liability and Allied Healthcare product with Obsidian. 

Posted: Jun 20, 2024

Netchex partners with Next Insurance

coverager

Netchex claims to serve of 6,500 businesses. 

Posted: Jun 20, 2024

Leveraging Technology: Revolutionizing the Distribution “Middle” in P&C Insurance

Insurance Journal

This post is part of a series sponsored by Dyad. In the ever-evolving landscape of Property and Casualty (P&C) insurance, the distribution “middle”, comprised of intermediaries such as agents, brokers, MGAs, and wholesalers, plays a p...

Posted: Jun 20, 2024

Alicia Williams Promoted to Vice President of People and Culture at United Educators

Risk & Insurance

The latest people news in the industry today. The post Alicia Williams Promoted to Vice President of...

Posted: Jun 20, 2024

Smart Choice Experiences Record Expansion Driven by Acquisitions and Organic Growth

Insurance Journal

In the past year, over 100 million in acquisitions have been completed. GREENSBORO, NC., June 18, 2024— Smart Choice® experiences record expansion driven by acquisitions and organic growth. In the past year, over $100 million in acquisitions and fift...

Posted: Jun 20, 2024

Amwins Program Underwriters Forms New Carrier Relationship with Great American Insurance Group

Insurance Journal

CHARLOTTE, N.C. (June 3, 2024) – Amwins Program Underwriters (APU), part of Amwins’ Underwriting division, announced a new carrier relationship with Great American Insurance Group, whose lead insurer, Great American Insurance Company, is an A.M...

Posted: Jun 20, 2024

Jon Oppenheim Promoted at WTW North America

Risk & Insurance

The latest people news in the industry today. The post Jon Oppenheim Promoted at WTW North America appeared first on

Posted: Jun 20, 2024

Risky Driving Behavior, Advanced Tech Led to Higher Claim Frequencies in Auto

Carrier Management

Risky Driving Behavior, Advanced Tech Led to Higher Clai...

Posted: Jun 20, 2024

Growing Wildfires in New Mexico Destroyed 1,400 Structures

Insurance Journal

A pair of wildfires in New Mexico continue to rage uncontained, destroying an estimated 1,400 structures, forcing the evacuation of more than 8,000 people, while rains also flooded parts of the state. The Salt and South Fork fires have burned …

Posted: Jun 20, 2024

MORTGAGE MATTERS

Rough Notes

Federally sponsored mortgage enterprises weigh in on homeowners loss settlement IIABA and NAMIC argued that barring purchases of mortgages protected by ACV policies would deprive consumers of one means to reduce  premium at a time when many are strug...

Posted: Jun 20, 2024

Keystone Agency Partners acquires Keystone Insurers Group

coverager

The acquisition will integrate KAP's brokerage platform with a premier independent agency network.

Posted: Jun 20, 2024

PQShield raises $37 million

coverager

PQShield will use the funding to expand its commercial operations as well as its research IP.

Posted: Jun 20, 2024

Emerald Bay partners with Lightspeed Specialty

coverager

This announcement follows the successful launch of Ledgebrook's Miscellaneous Professional Liability and Allied Healthcare product with Obsidian. 

Posted: Jun 20, 2024

Chicago Health Care Company to Pay $2M To Settle False Claims Act Suit

Insurance Journal

A Chicago health care company and its former owners will pay nearly $2 million to the United States and the States of Illinois and Indiana to resolve a civil lawsuit arising from the submission of false claims to Medicare and …

Posted: Jun 20, 2024

Edmund Reese Appointed as Executive Vice President and CFO at Aon

Risk & Insurance

The latest people news in the industry today. The post Edmund Reese Appointed as Executive Vice President and CFO at Ao...

Posted: Jun 20, 2024

Texas Electricity Demand Could Nearly Double in Six Years – ERCOT

Insurance Journal

The state’s main electric grid operator has sharply increased its prediction for how much power demand will increase in coming years. If it’s accurate, the state would need to be able to provide nearly double the amount of power within &#...

Posted: Jun 20, 2024

Heat Wave Sweeps Across Midwest and Northeast, Bringing Safety Measures

Insurance Journal

TOLEDO, Ohio (AP) — Stifling heat blanketed tens of millions across United States on Tuesday, forcing people and even zoo animals to find ways to cool down as summer arrives in what promises to be a sweltering week. Extreme heat …

Posted: Jun 20, 2024

ICEYE nat cat data being integrated into Guidewire

Reinsurance News

Guidewire, a provider of software solutions to the insurance industry, and ICEYE, of satellite-powered disaster management solutions provider, have launched ICEYE’s new Ready for Guidewire validated accelerator on the Guidewire Marketplace,...

Posted: Jun 20, 2024

Survey: Payment Fraud a Growing Concern for Businesses

Carrier Management

Survey: Payment Fraud a Growing Concern for Businesses Small businesses are increasingly concerned abou...

Posted: Jun 20, 2024

Former OpenAI Chief Scientist to Start New Company Boasting Safer AI

Carrier Management

Former OpenAI Chief Scientist to Start New Company Boasting Safer AI ChatGPT maker OpenAI's co-founder a...

Posted: Jun 20, 2024

As Premiums Decline, Pricing Softens for U.S. D&O Liability Insurance

Carrier Management

As Premiums Decline, Pricing Softens for U.S. D&O Liability Insurance Better underwriting results in the U.S....

Posted: Jun 20, 2024

Allstate Reports May Pretax Catastrophe Losses of $1.4B

Carrier Management

Allstate Reports May Pretax Catastrophe Losses of $1.4B Allstate Corp. on Thursday reported May pretax c...

Posted: Jun 20, 2024