All Posts

An active hurricane season could have profound effects on the re/insurance industry: Moody’s

Reinsurance News

A very active Atlantic hurricane season is predicted for 2024, which could potentially have profound effects on the re/insurance, CRE, and supply chain sectors, as well as on credit worthiness and general economic strength for particular global re...

Posted: Jun 11, 2024

People Moves: Everest Names Buonpane Head of Casualty Specialty, Industry Practices; Allied World Ap...

Insurance Journal

Everest Insurance Names Buonpane to Head of Casualty Specialty Lines and Industry Practices Everest Insurance North America, headquartered in Warren, New Jersey, hired Stephen Buonpane to the newly created role of senior vice president, casualty spec...

Posted: Jun 11, 2024

Major World Economies Seek to Halt New Private Sector Coal Financing

Insurance Journal

Some of the world’s major economies want to finalize a plan ahead of this year’s U.N. climate summit to halt new private sector funding for coal projects, five sources with direct knowledge of the matter told Reuters. If approved, the &#8...

Posted: Jun 11, 2024

Latest Trial Over Zantac Cancer Claims Called Off as Plaintiff Drops Case

Insurance Journal

A woman who claimed in a lawsuit that GSK’s discontinued heartburn drug Zantac caused her breast cancer dropped her case shortly before it was set to go to trial in Illinois state court on Monday, the company announced. GSK said …

Posted: Jun 11, 2024

Homeownership Costs in US Jumped 26% Since Pandemic Began

Insurance Journal

The cost of owning a home in the US has increased 26% since 2020, as expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy. The average annual outlay for owning and maintaining …

Posted: Jun 11, 2024

Contractors Can’t Advertise ‘Insurance Negotiating’ Skills, Texas Supreme Court Says

Insurance Journal

A contractor cannot be the public adjuster on a claim and cannot advertise itself as an insurance claims negotiator if it does not hold an adjusters’ license, the Texas Supreme Court decided in a case that could give support to …

Posted: Jun 11, 2024

People Moves: CSAA Names Huebner EVP of Commercial Insurance

Insurance Journal

CSAA Insurance Group named Jeff Huebner executive vice president of commercial insurance. Huebner is responsible for the distribution of commercial insurance under the Mobilitas brand. Huebner has been with CSAA Insurance Group for more than 22 years...

Posted: Jun 11, 2024

Police Say No Charges Will Be Filed in Lobster Monster Truck Crash

Insurance Journal

A police investigator concluded no criminal charges were warranted after a lobster-themed monster truck clipped a power line, causing some scary moments with live wires falling to the ground. Two people were taken to hospitals. Several people were in...

Posted: Jun 11, 2024

Massachusetts High Court Reverses, Says Uber Can Force Paralyzed Rider to Arbitrate

Insurance Journal

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 has ruled, overturning a lower court. The Massachusetts &...

Posted: Jun 11, 2024

Skyward Specialty expands media liability team

Reinsurance News

Skyward Specialty Insurance Group, Inc., an insurance company in the property and casualty (P&C) sector, recently announced the recruitment of three accomplished media liability experts. This move signifies the ongoing expansion of the company...

Posted: Jun 11, 2024

Reuters: Walmart Opposes New York Plan to Add Panic Buttons to Stores

Insurance Journal

Retail giant Walmart says it is against putting panic buttons in stores – a move that the New York legislature wants to require under a new law aimed at keeping retail workers safe. On Friday, the New York State Senate …

Posted: Jun 11, 2024

Baltimore Reaches $45 Million Opioid Settlement with Allergan

Insurance Journal

The city of Baltimore has reached a $45 million settlement with Allergan Financet to resolve the city’s claims in ongoing litigation against opioid distributors and manufacturers related to the nation’s opioid epidemic. The settlement com...

Posted: Jun 11, 2024

Uber Loses Challenge to California Gig Work Law in Appeals Court

Insurance Journal

A U.S. appeals court on Monday rejected a bid by Uber and subsidiary Postmates to revive a challenge to a California law that could force the companies to treat drivers as employees rather than independent contractors who are typically less …

Posted: Jun 11, 2024

Real Nut Case: Ice Cream Maker Sued Over Lack of Actual Pistachios

Insurance Journal

Is it nuts to assume a scoop of pistachio ice cream should contain actual pistachios? Or how about real butter in a dish of butter pecan? Such weighty questions about a favorite summertime confection could soon be decided by the …

Posted: Jun 11, 2024

ALKEME Acquires Personal and Commercial Specialist InsurePro in Utah

Insurance Journal

ALKEME acquired InsurePro in Draper, Utah. Ladera Ranch, California-ALKEME is an insurance agency providing businesses and individuals with commercial and personal insurance, employee and executive benefits, retirement and wealth management services....

Posted: Jun 11, 2024

10 Things You Could Be Spending Money On Instead of Maintaining Legacy Insurance Technology

Insurance Journal

This post is part of a series sponsored by AgentSync. The cost of legacy technology In 2023, companies in the financial services industry spent an average of 15 percent of their revenue on technology. Not only is that up from …

Posted: Jun 10, 2024

Have We Turned the Corner on Distracted Driving?

Insurance Thought Leadership

Have We Turned the Corner on Distracted Driving? PaulCarroll

Posted: Jun 10, 2024

Looking at the 2024 Atlantic Hurricane Season

Insurance Thought Leadership

Looking at the 2024 Atlantic Hurricane Season Commercial Lines ClareCarroll1

Posted: Jun 10, 2024

AI’s Role in Transforming the P&C Insurance Landscape

IIR

Advances in artificial intelligence, notably generative AI technologies including Large Language Models (LLMs) such as OpenAI’s ChatGPT, promise a further tectonic shift in the insurance landscape.

Posted: Jun 10, 2024

FMG Migrates to Guidewire Cloud

IIR

A Guidewire customer since 2012, the New Zealand-based insurer seeks to simplify IT operations to adapt quickly to changing market demands and customer expectations.

Posted: Jun 10, 2024

Hiscox Names Mary Boyd U.S. CEO

IIR

Boyd joins Hiscox from Plymouth Rock Assurance, where she has been CEO of its independent agency business since 2018.

Posted: Jun 10, 2024

P/C Insurers Record $9.3B Q12024 Underwriting Gain: AM Best

Carrier Management

P/C Insurers Record $9.3B Q12024 Underwriting G...

Posted: Jun 10, 2024

Allianz Commercial partners with ProMarine

coverager

The companies will target the smaller commercial marine industry.

Posted: Jun 10, 2024

Allianz’s Jarrod Schlesinger on Navigating ESG, AI and other Risks Impacting Financial Lines

Risk & Insurance

Navigating the intricacies of ESG, the challenges of AI in underwriting and the effects of inflation on the financial lines sector. The post

Posted: Jun 10, 2024

Axis Insurance announces strategic growth investment from Lee Equity Partners

Insurance Journal

June 10, 2024 — Axis Insurance Managers Inc. (“Axis Insurance” or “the Company”), a leading independent specialty insurance brokerage, is pleased to announce that it has received a significant growth investment from fund...

Posted: Jun 10, 2024

Protected: On-Demand Webinar — Maximizing Efficiency and Outcomes: Four Foundational Pillars to a Su...

Risk & Insurance

There is no excerpt because this is a protected post. The post

Posted: Jun 10, 2024

Industrial Workers Express Concerns About Workplace Safety Gaps

Risk & Insurance

Vector Solutions' survey of industrial workers uncovers concerns about safety risks, gaps in training and employer priorities. The post ...

Posted: Jun 10, 2024

Mutual Capital Group to acquire ICC Holdings

coverager

The transaction is expected to close in the fourth quarter of 2024.

Posted: Jun 10, 2024

Cambridge Mobile Telematics Expands in Italy, Announces New Leadership

coverager

June 10, 2024, Cambridge, MA — Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, today announced that it has expanded its global footprint with the addition of new leadership...

Posted: Jun 10, 2024

Study Confirms Earth Is Warming at a Record Rate

Carrier Management

Study Confirms Earth Is Warming at a Record Rate The rate Earth is warming hit an all-time high in 2023...

Posted: Jun 10, 2024

Pattern Insurance partners with WeTravel

coverager

WeTravel offers a software solution that helps travel companies handle bookings and payments.

Posted: Jun 10, 2024

Guardian and Wellthy launch new partnership

coverager

Guardian becomes "the first carrier" to include caregiving support services in an employer-provided disability insurance policy.

Posted: Jun 10, 2024

Rutgers: Bike Lanes Reduce Traffic Speeds

Carrier Management

Rutgers: Bike Lanes Reduce Traffic Speeds The installation of bike lanes along...

Posted: Jun 10, 2024

Euclid Program Managers launches Euclid Mortgage MGU

coverager

The company is being formed by Joe Monaghan and Joe Hissong.

Posted: Jun 10, 2024

AIG completes deconsolidation of Corebridge Financial

coverager

The companies will target the smaller commercial marine industry.

Posted: Jun 10, 2024

Detailing Manufacturing Risk: A Conversation with Liberty Mutual’s Marc Orloff and TJ Richter

Risk & Insurance

The pair discuss how increased adoption of AI can lead to increased cyber risk, the rise of legal system abuse and other pressing exposures for the industry. The post

Posted: Jun 10, 2024