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Extreme weather, operational and battery risks — insuring the growing solar industry brings insurance companies, agents and brokers face-to-face with evolving challenges. “We’re seeing burgeoning growth in solar, wind, and battery storage...
Posted: Jun 13, 2024
UK broker and underwriter Jensten has bolstered its London and South East presence through its acquisition of Chris Knott Insurance Consultants, a broker that specialises in both personal and commercial lines. Subject to regulatory approval, the d...
Posted: Jun 13, 2024
R&Q Insurance Holdings Ltd. warns it is facing growing financial difficulties, which could affect the “company’s stability as a business” and ultimately lead to liquidation. In a June 13 statement, R&Q acknowledges it has be...
Posted: Jun 13, 2024
Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their insurance will not cover a specific loss, a survey by insurance brokerage Gallagher showed on Wednesd...
Posted: Jun 13, 2024
CFC, a specialist insurance provider in emerging risks and cyber insurance, has launched its second insurance product for buyers of voluntary carbon credits. The new Carbon Cancellation Insurance safeguards against financial and management risks i...
Posted: Jun 13, 2024
The prosecution’s prized turncoat witness at the bribery trial of U.S. Sen. Bob Menendez was politely combative Tuesday as defense lawyers tried to poke holes in his testimony and portray him as a habitual liar. Jose Uribe spent a third …
Posted: Jun 13, 2024
RSA Insurance has appointed Alex Wright as Senior Partnership Manager: MGA and Schemes in its delegated business, part of its Commercial Lines segment. Wright has over 17 years of finance and insurance industry experience, having worked at several...
Posted: Jun 13, 2024
Three hurdles to adopting cloud-native insurtech and five ways to set your business up for a successful transition
Posted: Jun 13, 2024
A major defense contractor was sued Tuesday over allegations that it discriminated against older workers in job ads. The lawsuit filed in federal court in Boston accuses RTX Corporation of posting ads that target younger workers at the expense of ...
Posted: Jun 13, 2024
AM Specialty Insurance Company (ASIC), an Excess and Surplus (E&S) insurance firm and an accredited reinsurer, has announced the acquisition of Pinpoint Insurance Solutions, a national programme administrator, managing general agency (MGA), an...
Posted: Jun 13, 2024
Insurance and reinsurance broker McGill and Partners has announced Victoria Cartmell has been appointed to Partner in the Treaty Reinsurance team. Cartmell has been part of McGill and Partners since 2029 when she joined as an Associate specialisin...
Posted: Jun 13, 2024
Organisations need to change the way they respond to global risks if they want to stay competitive, according to findings from a new report from BDO, the accountancy and business advisory firm. BDO’s annual risk report found that business le...
Posted: Jun 13, 2024
Specialist Risk Group, the London-based insurance intermediary, announced that its managing general agent, MX, has agreed to a new capacity agreement with program manager Accredited Insurance (Europe) Ltd. (AIEL). AIEL is supported by a panel of R...
Posted: Jun 13, 2024
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has announced Ian Bridge’s promotion to Active Underwriter. Bridge will succeed Dominic Peters, who is stepping down from the role. Since...
Posted: Jun 13, 2024
Canada’s largest school district is investigating a cyber incident, adding to a series of ransomware attacks that have caused disruptions to companies and public institutions in the country. The Toronto District School Board alerted parents Wed...
Posted: Jun 13, 2024
As R&Q continues progress discussions regarding the sale of Accredited, buyer Onex has proposed an alternative transaction structure to that of the original sale that could be implemented in the event that the original closing conditions were...
Posted: Jun 13, 2024
The Insurance Development Forum (IDF), alongside the Agence Française de Développement and Expertise France (together AFD Group), has announced the formation of the Integrated Disaster Risk Management Alliance (IDRIMA) to strengthen the long-term...
Posted: Jun 13, 2024
A commodity carrier was taking on water after being hit by a drone near Yemen, the latest incident underscoring the dangers of sailing through the Red Sea region. The UK Navy said Wednesday that a ship was hit by a …
Posted: Jun 13, 2024
Lockton Re has announced that it has added former AXA XL executive Rob Littlemore to the board of Lockton Re International LLP as an Independent Non-Executive Director. The appointment is effective September 1, 2024, and is subject to FCA approval...
Posted: Jun 13, 2024
S&P Global Ratings, a provider of credit risk insights, reports that as inflationary pressures rise, US property/casualty insurers navigate sector challenges while maintaining disciplined reserving practices. In response to mounting inflationa...
Posted: Jun 13, 2024
Posted: Jun 13, 2024
Posted: Jun 13, 2024
The Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group has signed a memorandum of understanding with KUKE, aimed at promoting trade and foreign investments by Polish companies in Ukraine and other countries. Signed at the Ukra...
Posted: Jun 13, 2024
They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying …
Posted: Jun 13, 2024
CRC Group, a wholesale specialty insurance distributor in North America, announces the addition of three new professionals to its team. Michael Rockhill has been appointed as an underwriting team leader at CRC’s Tampa-Bayport, Florida office. Prio...
Posted: Jun 13, 2024
Counterpart, an AI-driven management and professional liability insurtech has entered into a new partnership with Westfield Specialty Insurance, to provide an admitted product for Counterpart’s small business customers and, for the first time, non...
Posted: Jun 13, 2024
More than 60% of the drivers in the United States would find it acceptable if their vehicle provided an audible and visual warning when they exceeded the posted speed limit, a survey by Insurance Institute for Highway Safety showed on …
Posted: Jun 13, 2024
WindBorne Systems secures $15 million in Series A funding to expand its balloon constellation AI weather modelling, aimed at mitigating weather-related losses. With extreme weather events on the rise, the World Economic Forum (WEF) has identified...
Posted: Jun 13, 2024
An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021. In 2023, growth remained robust—and up in …
Posted: Jun 13, 2024
Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally fired for raising concerns about alleged sexual harassment and discrimination against women. The engineers—four women and four men—claim M...
Posted: Jun 13, 2024
Liberty Mutual Insurance this week should complete $5.2 million in refunds, premium credits and interest payments to more than 46,000 auto insurance policyholders in Florida, the result of a market conduct examination done months after a use-and-file...
Posted: Jun 13, 2024
For two decades, a California law has helped workers sue the world’s biggest companies. Drivers for Uber Technologies Inc. won a $20 million settlement, Google employees secured $27 million over complaints of free-speech violations, and Walmart...
Posted: Jun 13, 2024
INSUREtrust, a cyber insurance and risk management specialty broker within CRC Group, has hired Sonja Kozel as Senior Vice President. In her new role, Kozel will focus on broadening the group’s footprint through internal collaboration as well as e...
Posted: Jun 13, 2024
Alameda County District Attorney Pamela Price’s Consumer Justice Bureau has sued multiple home insurance carriers in California, including Farmers Insurance Exchange, alleging they’re operating a scheme that knowingly and systematically u...
Posted: Jun 13, 2024
Alameda County District Attorney Pamela Price’s Consumer Justice Bureau has sued multiple home insurance carriers in California, including Farmers Insurance Exchange, alleging they’re operating a scheme that knowingly and systematically u...
Posted: Jun 13, 2024
A health insurance company employee who was trapped in an elevator for about 30 minutes has been denied workers’ compensation benefits. The employee did not suffer any physical injury while she was trapped in the elevator but claimed she later...
Posted: Jun 13, 2024
This post is part of a series sponsored by AgentSync. Nothing good comes easy, right? Turns out, overhauling your outdated technology in favor of more modern, cloud-native systems is no exception. In today’s digital age, shying away from cloud-...
Posted: Jun 12, 2024
The solution, launched at a time when EHRs are poised to replace the attending physician statement as the leading source of medical data for underwriting, provides an intelligent synopsis of electronic health record data.
Posted: Jun 12, 2024
The Integrated Disaster Risk Management Alliance (IDRIMA) aims to strengthen the long-term resilience of sovereign, sub-sovereigns and public utilities in the Global South to the impacts of climate disasters.
Posted: Jun 12, 2024
Under the new agreement, DataStream will leverage the Cork Platform for cyber insurance policy underwriting, including estimates and quoting.
Posted: Jun 12, 2024
Two leaders in their respective industries are joining forces to protect insurers and communities from questionable third-party roadside and vehicle service providers to deter insurance fraud.
Posted: Jun 12, 2024
This year's conference focused on generative artificial intelligence (AI) and the industry's accelerated acceptance of AI to extract data to deliver better outcomes in underwriting, claims, service and sales.
Posted: Jun 12, 2024
The toolkit provides resources for mastering AI prompts, using AI for search engine optimization (SEO), auditing an AI chatbot, ethics and best practices, and more.
Posted: Jun 12, 2024
Terms of the transaction were not disclosed.
Posted: Jun 12, 2024
Global Shipping Losses Hit All-time Low Commercial Lines ClareCarroll1
Posted: Jun 12, 2024
Demographic groups face disproportionate MSD risks, showing the need for DEI factors to be considered in ergonomics and safety, according to the National Safety Council. The post
Posted: Jun 12, 2024