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Trium Cyber, the Lloyd’s of London cyber insurance specialist, has partnered with AttackIQ to provide its policyholders with AttackIQ Flex, aiming to enhance cybersecurity and reduce risk. AttackIQ Flex is an on-demand testing service that a...
Posted: Jun 20, 2024
With temperatures pushing above 90 degrees in parts of the Midwest and Northeast United States this week, many American workers are clocking in during what AccuWeather described as an “intense heat wave that is impacting more than 135 million p...
Posted: Jun 20, 2024
In 2023, over $1.2bn were paid out resulting from lightning-caused US homeowners insurance claims to more than 70,000 policyholders according to the Insurance Information Institute (Triple-I). After compiling national insurance claims data, Triple...
Posted: Jun 20, 2024
An annual report from Chubb has revealed a couple of troubling trends for many businesses—the frequency and severity of large losses are up and companies are underestimating the amount of liability coverage they need. “The delta between liabili...
Posted: Jun 20, 2024
Most U.S. homeowners don’t know the policy covering their home doesn’t cover flooding, a new survey shows. Respondents in a survey out this week from Trusted Choice, a group representing the members of the Independent Insurance Agents ...
Posted: Jun 20, 2024
Thousands of car dealerships were ground to a halt during a normally busy holiday Wednesday by a cyber incident at CDK Global, a major software provider for dealers across the US. The company “shut all systems down and executed extensive …...
Posted: Jun 20, 2024
Farmers Insurance officials this week said they have spoken with employees after receiving an anonymous letter, apparently from a group of in-house adjusters, accusing the insurer of understaffing and overworking claims professionals. “Farmers...
Posted: Jun 20, 2024
A federal appeals court has declined to intervene in state regulatory proceedings in Maryland involving allegations of redlining by Erie Insurance, despite Erie’s complaints that the regulator has already shown bias against it and is likely to...
Posted: Jun 20, 2024
A group representing claimants alleging childhood sexual abuse want New York courts to take steps to alleviate the backlog of lawsuits brought under the state’s Child Victims Act (CVA), including possibly setting up dedicated courts or dockets...
Posted: Jun 20, 2024
Global credit ratings agency AM Best has upgraded the Issuer Credit Ratings (Long-Term ICR) of The Hartford Financial Services Group, Inc. (The Hartford) and its subsidiaries. To break it down, AM Best has revised the outlook to positive from stab...
Posted: Jun 20, 2024
The increased adoption of renewable energy technologies, particularly EV charging stations and solar panels, means it’s time for a risk review. Best practices for installation and upkeep start with having the right partner in place. The pos...
Posted: Jun 19, 2024
The app enables brokers and their customers to easily access job-safety best practices enhanced by AI for high-risk industries.
Posted: Jun 19, 2024
Access to bolt’s technology will enable Stellantis customers to purchase auto insurance through Stellantis brand websites and mobile apps with a panel of insurers’ products.
Posted: Jun 19, 2024
It is important for every member agency, as well as state associations, to evaluate current employees to determine if they are eligible for overtime pay.
Posted: Jun 19, 2024
The national survey of insurance consumers revealed that 86% of consumers have key misconceptions about their coverages, according to Trusted Choice.
Posted: Jun 19, 2024
The high claims severity that plagued the personal auto insurance market in 2023 shows no signs of abating, according to LexisNexis.
Posted: Jun 19, 2024
Risky driving patterns continue to rise with instances of speeding, driving under the influence and distracted driving all increasing in 2023, according to LexisNexis.
Posted: Jun 19, 2024
A wildfire is raging through a large swath of western Sacramento Valley after igniting on Monday and spreading to 15,656 acres. Evacuations were ordered in rural areas around the Sites Fire in Colusa County, which is burning roughly 70 miles …
Posted: Jun 19, 2024
A pair of wildfires in New Mexico have spread to more than 20,000 acres, forcing thousands of people to evacuate and leaving one person dead. The South Fork and Salt fires have grown to more than 20,000 acres (16,335 for …
Posted: Jun 19, 2024
Societe Generale paid ~€100 million in cash to acquire Shine.
Posted: Jun 19, 2024
A closer look at solutions to data flow and connectivity challenges in E&S.
Posted: Jun 19, 2024
100 Days of Summer Dangerous Time for Teen Drivers: AAA Memorial Day ma...
Posted: Jun 19, 2024
Rearview Camera Issue Prompts Stellantis Recall of 1.16M Vehicles Chrysler...
Posted: Jun 19, 2024
Most People ‘Think’ They Understand Insurance Coverage: Surv...
Posted: Jun 19, 2024
The board has concluded that the alternative proposal represents the best option to secure value at this time.
Posted: Jun 19, 2024
Zurich acquires 70% of Kotak General Insurance, becoming the first foreign insurer to enter India since the FDI rules were amended to allow up to 74% foreign ownership in 2021.
Posted: Jun 19, 2024
The closure is expected to have limited impact on QBE’s FY24 Group combined operating ratio.
Posted: Jun 19, 2024
Citizens proposes rates for 2025 that include a statewide average increase of 14% for all Personal Lines.
Posted: Jun 19, 2024
Societe Generale paid ~€100 million in cash to acquire Shine.
Posted: Jun 19, 2024
Tropical storm Alberto has caused flooding and more than three feet of storm surge in parts of coastal south Texas but is not expected to strengthen to hurricane force, meteorologists say. Alberto is the first named storm of the 2024 …
Posted: Jun 19, 2024
North Dakota Insurance Commissioner Jon Godfread has issued a cease-and-desist order against three companies for distributing deceptive materials to North Dakota consumers. The documents sent replicated an Internal Revenue Service (IRS) tax form requ...
Posted: Jun 19, 2024
Kim Ayers joined Risk Services – Leavitt Insurance Agencies, headquartered in Shreveport, Louisiana, as a commercial insurance agent. Ayers has worked in insurance for Leavitt Group since 2016, previously serving as a producer with Leavitt Recreation...
Posted: Jun 19, 2024
Michigan Attorney General Dana Nessel’s lawsuit seeking to shut down part of a petroleum pipeline that runs beneath the Straits of Mackinac belongs in state court, a federal appellate panel ruled Monday. The pipeline’s operator, Enbridge...
Posted: Jun 19, 2024
Material handling injuries continue to plague businesses, but proactive risk management strategies can create a safer, more productive workplace, according to an article by Nationwide Agency Forward. The post
Posted: Jun 19, 2024
The U.S. Chemical Safety and Hazard Investigation Board (CSB) announced an update on its investigation into a July 2023 explosion at the Dow Louisiana Operations’ Glycol II plant in Plaquemine, Louisiana, that resulted in the release of over 31...
Posted: Jun 19, 2024
Zurich Insurance Company Ltd. has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Co. Ltd. for US$670 million – marking the largest foreign investment in India’s general insurance market. “The transaction mark...
Posted: Jun 19, 2024
Strong solvency levels will boost the UK pension scheme risk settlement market in the second half of 2024, according to global insurance and reinsurance broker Aon. According to analysts, the publication of insurers’ latest annual returns confirme...
Posted: Jun 19, 2024
QBE to Non-Renew $500M of North American Mid-Market Biz QBE announced th...
Posted: Jun 19, 2024
Charging Cable Thefts Pose Obstacle to Greater EV Acceptance Just before 2 a.m. on a chilly April night...
Posted: Jun 19, 2024
Study: Large Wildfires Create Conditions Favorable to More Fires Soot from large wildfir...
Posted: Jun 19, 2024