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Employers Face Challenges Meeting Gen Z Benefit Needs: The Hartford

Risk & Insurance

Employers face challenges meeting the diverse needs of a multigenerational workforce, especially as Gen Z overtakes baby boomers by 2024, The Hartford reports. The post

Posted: Jun 17, 2024

Amplify Life raises $20 million

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Amplify claims to have helped over 4k customers since launching. 

Posted: Jun 17, 2024

The Mutual Group appoints Brett Humphrey as Chief Financial Officer

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Humphrey held various senior positions during his nine-year tenure at American International Group in New York and Japan.

Posted: Jun 17, 2024

Sonnet to discontinue auto insurance business in Alberta

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Sonnet's home insurance business in Alberta will not be impacted by this change.

Posted: Jun 17, 2024

Guardian and Pelago launch new partnership

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The new offering will be available in July for new dental plans.

Posted: Jun 17, 2024

New York Life hires Alain Biem as chief data science officer

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Biem held data science leadership positions at Wayfair, Opera Solutions, and IBM Corporation.

Posted: Jun 17, 2024

Rennova Health announces stock exchange agreements with struggling FOXO

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The announcement reflects JLR’s multifaceted strategy to tackle vehicle thefts and the impact on insurance premiums for its clients. 

Posted: Jun 17, 2024

People Moves: Hotchkiss Insurance Expands Partnership with Bailey, Fondren and Rivera

Insurance Journal

Hotchkiss Insurance, headquartered in Carrollton, Texas, is named of three new partners: Chris Bailey, Chase Fondren, and Dustin Rivera. Bailey has been an integral part of Hotchkiss for the past nine years, serving as a commercial insurance speciali...

Posted: Jun 17, 2024

States Lose Challenge to Legal Protections for Workers Who Get Abortions

Insurance Journal

A federal judge in Arkansas has tossed out a legal challenge by 17 Republican-led states to a U.S. agency rule giving workers who had abortions the same legal protections as those who are pregnant or recently gave birth. U.S. District …

Posted: Jun 17, 2024

Intensified regulatory scrutiny on EU life insurers potentially hitting profits: Moody’s

Reinsurance News

Moody’s, a credit rating agency, has released a report emphasising intensified regulatory scrutiny on European Union life insurers to ensure their products deliver “value for money,” potentially impacting profitability and operat...

Posted: Jun 17, 2024

Waymo Robo-taxi Probe Seeks Answers for Unexpected Behavior

Carrier Management

Waymo Robo-taxi Probe Seeks Answers for Unexpected Behavior The National Highwa...

Posted: Jun 17, 2024

Prevent Hurricane Damage With Roofing, Garage Door Upgrades

Carrier Management

Prevent Hurricane Damage With Roofing, Garage Door Upgrades Fortifying asphalt shingles and en...

Posted: Jun 17, 2024

46% Rise in Cargo Thefts Seen in Q1 2024 Over Same Period in 2023

Carrier Management

46% Rise in Cargo Thefts Seen in Q1 2024 Over Same Period in 2023 In the f...

Posted: Jun 17, 2024

Severe Storms Caused $722M in Catastrophe Losses in May: Progressive

Insurance Journal

Progressive on Friday said severe storms mostly in Texas and the Midwest caused about $722 million in net catastrophe losses to the insurer. In its monthly announcement of financial results on Friday, the Mayfield Village, Ohio-based insurer said the...

Posted: Jun 17, 2024

Texan Whose Husband Died by Hot Tub Electrocution at Mexican Beach Resort Files Suit

Insurance Journal

MEXICO CITY (AP) — An American tourist was killed and his wife hospitalized after being electrocuted in a hot tub in a Mexican beach town earlier this week, an incident that prompted the family to sue the resort for wrongful …

Posted: Jun 17, 2024

Family of Bystander Killed in Minneapolis Police Chase Sues City

Insurance Journal

MINNEAPOLIS (AP) — The family of a bystander killed during a 2021 police chase in Minneapolis is suing the city and alleging that dangerous pursuits are more common in areas of the city with predominantly Black residents. Relatives of Leneal …

Posted: Jun 17, 2024

Illinois Contractor Faces $264K Fine for Exposing Workers to Deadly Fall Hazards

Insurance Journal

Federal workplace safety inspectors found an Illinois construction contractor — cited seven times since 2020 — again exposing employees doing framing work to the risk of deadly falls from elevation at two homes under construction in Hanover Park in D...

Posted: Jun 17, 2024

WTW names Len Graziano Casualty Strategy & Execution Leader for CRB NA

Reinsurance News

Global advisory, broking, and solutions firm WTW has appointed Len Graziano as Casualty Strategy and Execution Leader within Corporate Risk and Broking, North America (CRB NA). Graziano joins WTW from Aon, where he led the Excess Casualty practice...

Posted: Jun 17, 2024

June US SCS flooding spurs anticipation of hundreds of millions in insured losses: Aon

Reinsurance News

Aon, a professional services firm providing risk, retirement, and health solutions, has released a weekly catastrophe report showing that since June 11, Southern Florida has faced substantial financial losses due to prolonged and excessive rainfal...

Posted: Jun 17, 2024

People Moves: WTW Hires Aon’s Graziano to Lead Casualty Strategy for CRB NA; Markel Names McGrath He...

Insurance Journal

WTW appoints Graziano as Casualty Strategy and Execution Leader for CRB NA WTW appointed Len Graziano as casualty strategy and execution leader within Corporate Risk and Broking, North America (CRB NA). Graziano joins WTW from Aon, where he led the &...

Posted: Jun 17, 2024

People Moves: McCarthy to Become ISU CEO; WTW Hires Aon’s Graziano to Lead Casualty Strategy for CRB...

Insurance Journal

ISU Group (ISU), an independent agency network, said Dan McCarthy will become the next chief executive officer, assuming the responsibilities held by T.J. Ryan III over the past 35 years. McCarthy is currently ISU’s chief operating officer, a r...

Posted: Jun 17, 2024

Allianz appoints Vanessa Maxwell as Global Head of Cyber & Financial Lines

Reinsurance News

Allianz Commercial has recently announced the appointment of industry veteran Vanessa Maxwell as Global Head of Cyber, alongside her current role as Global Head of Financial Lines. In this dual capacity, Maxwell will report directly to Shanil Will...

Posted: Jun 17, 2024

Florida Officers Indicted for Shootout That Killed UPS Driver and Passerby

Insurance Journal

FORT LAUDERDALE, Fla. (AP) — Four Florida police officers have been indicted for manslaughter in connection with a 2019 shootout on a busy rush-hour street that left a hijacked UPS driver and a passerby in a nearby car dead. A …

Posted: Jun 17, 2024

Report: Corporate Risk Level Highest in 12 Years

Insurance Journal

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 17, 2024

Idaho Police Force Lost Millions in Gear and Vehicles in Fire

Insurance Journal

Police in northern Idaho lost millions of dollars worth of law enforcement equipment and vehicles in a fire that tore through a department building over the weekend, Coeur d’Alene police said. No one was injured in the fire that broke …

Posted: Jun 17, 2024

Nubank and Chubb reach 2 million active insurance policies in Brazil

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The first product launched by the companies was in December 2020.

Posted: Jun 17, 2024

As Demand for Food Delivery Skyrockets So Do Complaints About Drivers

Carrier Management

As Demand for Food Delivery Skyrockets So Do Complaints About Drivers A soaring demand for food de...

Posted: Jun 17, 2024

KMC & TSA enter into program administration agreement

Reinsurance News

Knight Management Company (KMC) has agreed to provide paper to write reclamation, commercial, and contract surety to Triangle Surety Agency (TSA) and provide access to KnightBrook Insurance Company (KBIC) paper. Triangle Surety will act as the pro...

Posted: Jun 17, 2024

City in Upstate New York Restoring Systems Shuttered by Cyber Incident

Insurance Journal

The city of Newburgh in New York’s Orange County is today reopening its City Hall while continuing to work on restoring municipal services following identification of a cyber incident last Monday. The network security incident led to a temporar...

Posted: Jun 17, 2024

City in Upstate New York Restoring Systems Disrupted by Cyber Incident

Insurance Journal

The city of Newburgh in New York’s Orange County is today reopening its City Hall while continuing to work on restoring municipal services following identification of a cyber incident last Monday. The network security incident led to a temporar...

Posted: Jun 17, 2024

Strong Winds Driving Southern California Wildfire

Insurance Journal

Strong winds drove a wildfire that forced the evacuation of more than 1,000 visitors to a recreation area and threatened nearby properties over the weekend. Flames burned through dry brush along Interstate 5 north of Los Angeles on Sunday, and &#8230...

Posted: Jun 17, 2024

Cécile Paillard named Generali Group Chief Transformation Officer

Reinsurance News

Italy-headquartered insurer Generali has announced the appointment of Cécile Paillard as Group Chief Transformation Officer, effective as of September 2, 2024. Also joining the Group Management Committee (GMC), Paillard will be directly reporting...

Posted: Jun 17, 2024

People Moves: Canopius Taps Getty From Talbot for Cyber Team; Howden Promotes Hipson to Head of Lond...

Insurance Journal

This edition of International People Moves details appointments at special re/insurer Chaucer Group and the London-based broker Howden. A summary of these new hires follows here. Canopius Taps Getty From Talbot for Cyber Team Canopius Group, the Lond...

Posted: Jun 17, 2024

Vacant Commercial Property Owners Face Sidewalk Liability: New Jersey Supreme Court

Insurance Journal

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 17, 2024

US Lawmakers Grill Microsoft President Over China Ties, Hacks

Insurance Journal

Microsoft President Brad Smith fielded questions about the tech giant’s security practices and ties to China at a House homeland security panel on Thursday, a year after alleged China-linked hackers spied on federal emails by hacking the firm....

Posted: Jun 17, 2024

Proactive risk management key for 2024: Gallagher

Reinsurance News

(Re)insurance broking group Gallagher’s new report highlights the necessity for businesses and communities to adopt proactive risk management strategies, in light of global uncertainties in 2024. The year is marked by the potential for civil...

Posted: Jun 17, 2024

Foul Ball: Florida Appeals Court Says Detroit Tigers Owe Little to Injured Pitcher

Insurance Journal

If the Detroit Tigers Major League Baseball team needs money to rebuild its roster next year, a Florida appeals court just saved the team more than $14,000 in workers’ compensation payments to an injured minor league pitcher. Florida’s 1s...

Posted: Jun 17, 2024

Rokstone hires Amato to launch Global Sports Personal Accident portfolio

Reinsurance News

Speciality re/insurance MGA Rokstone, which is part of the Aventum Group, has hired 35-year underwriting veteran Graham Amato to launch a new Global Sports Personal Accident portfolio. Launching with A-rated capacity, Rokstone is set to deliver ta...

Posted: Jun 17, 2024

London Hospitals Knew of Cyber Vulnerabilities Years Before Hack

Insurance Journal

A group of London hospitals struggling to contain the fallout from a cyberattack against a critical supplier had known for years about weaknesses that left them vulnerable to hacks, according to documents reviewed by Bloomberg News. The Guy’s a...

Posted: Jun 17, 2024

Houthi-Stricken Cargo Carrier’s Crew Abandons Ship Due to Fire

Insurance Journal

Crew members of a bulk cargo carrier struck by Houthi missiles abandoned ship Saturday after they couldn’t get fires on board under control, the US military said. The Iranian-backed militants struck the Verbena, a Ukrainian-owned, Polish-operat...

Posted: Jun 17, 2024

CyberCube unveils new logo signifying established status & future aspirations

Reinsurance News

Cyber analytics firm CyberCube has unveiled a new logo, symbolising its evolution from a start-up in 2015 to an established market leader. Pascal Millaire, Chief Executive Officer at CyberCube, commented, “In 2015, we had lofty ambitions to become...

Posted: Jun 17, 2024