All Posts
Insurance Business Magazine - US
Posted: Jun 06, 2024
HarbourVest Partners is the lead investor.
Posted: Jun 06, 2024
Doug Worman will become President and Chief Executive Officer of the company as of January 1, 2025.
Posted: Jun 06, 2024
The insurer is offering three coverage levels.
Posted: Jun 06, 2024
American Family Insurance announced today Jordan Love, Green Bay Packers quarterback, has signed on as the company’s newest brand ambassador. Jordan becomes the latest addition to this group of fearless dreamers, who will continue the company&#...
Posted: Jun 06, 2024
ALKEME, announced the acquisition of Hardwick Insurance, a commercial and personal specialist located in Lafayette, Louisiana. This strategic acquisition marks ALKEME’s expansion in the Southern United States and enhances its portfolio with Har...
Posted: Jun 06, 2024
The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, accordi...
Posted: Jun 06, 2024
DES MOINES, Iowa (AP) — Iowa officials agreed Tuesday to pay $3.5 million in a settlement agreement with the family of an Iowa State University student who drowned after a school crew club boat capsized in cold, rough waters. The …
Posted: Jun 06, 2024
Federal investigators have concluded that an Appleton, Wisconsin pallet manufacturer’s failure to train employees in machine safety procedures — and ensure the procedures were followed — contributed to the fatal injuries suffered by a 57-year-o...
Posted: Jun 06, 2024
Emerald Bay Risk Solutions, the collaborative underwriting carrier, has entered into a strategic partnership with Arrowhead to launch a commercial earthquake facility named Arrowhead EQ DIC, that will provide difference in conditions (DIC) insuran...
Posted: Jun 06, 2024
No More Auto Insurance Rate Hikes on the Widowed in Rhode Island A new Rhode Island law prohibits...
Posted: Jun 06, 2024
IIHS: Crash Tests Highli...
Posted: Jun 06, 2024
The financial costs of drought in Texas have risen rapidly over recent decades, according to a new analysis of federal crop insurance data. The nonprofit Environmental Working Group, a longtime critic of the federal crop insurance program based in Wa...
Posted: Jun 06, 2024
Allianz Commercial advises businesses to prepare for an exceptionally active 2024 Atlantic hurricane season by improving storm resilience measures. The post
Posted: Jun 06, 2024
Ascot, a Bermuda-based global specialty insurance company, has appointed Ian Thompson as Chief Executive Officer and Director of Ascot Underwriting Limited (AUL) and Justin Keith as President and Chief Executive Officer of Ascot Bermuda Limited. T...
Posted: Jun 06, 2024
USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients. The new platform leverages industry-specific benchmark data to generate tailored risk control solutions to...
Posted: Jun 06, 2024
Following the PRA’s publication of PS10/24, the final set of rules for the UK version of Solvency II, Huw Evans, Head of Insurance at KPMG UK, has underlined several improvements that will reportedly work better for the UK than the original...
Posted: Jun 06, 2024
Blue Cleaning, a small business in West Maui that spruces up 27 vacation rentals, survived the sharp decline in tourists during the Covid-19 pandemic and after the devastating Aug. 8 wildfire in Lahaina. But now Leo Szakacs-Kekona, who owns and ̷...
Posted: Jun 06, 2024
CFC, a specialist insurance provider, has updated its cyber risk heat map to offer more detailed insights into key exposures across various industry sectors such as construction, education, healthcare, transport, and logistics. Drawing from CFCs o...
Posted: Jun 06, 2024
Chicago-domiciled insurer, CNA Financial Corporation, has promoted Doug Worman, currently the Executive Vice President & Global Head of Underwriting to President and Chief Executive Officer (CEO), effective January 1, 2025. Simultaneously, Din...
Posted: Jun 06, 2024
AI Large Language Models Not Leaving Chubb’s Greenberg ‘Breathless’ Revealing that Chubb has it...
Posted: Jun 06, 2024
CNA’s Worman to Take the Helm in 2025 CNA Financial Corporation announced that Doug Worman will become pr...
Posted: Jun 06, 2024
Generative AI is notorious for producing what are being referred to as “hallucinations” — that is, producing language and citing information that it has essentially made up. That’s why it’s always going to be important to have veteran managers rev...
Posted: Jun 06, 2024
Practitioners of Brazilian butt lift surgery, repeatedly in the news after infections and at least two patient deaths in south Florida, must now obtain medical malpractice liability insurance, thanks to a bill signed into law last month. House Bill 1...
Posted: Jun 06, 2024
This edition of International People Moves details appointments at Chubb and Everest Re. A summary of these new hires follows here. Chubb Promotes Kirk as Division President of Chubb Global Markets Chubb announced that David Kirk has been appointed d...
Posted: Jun 06, 2024
Flood Re, the joint initiative between the UK Government and the insurance industry, has announced its Chief Executive Officer, Andy Bord, will step down at its Annual General Meeting (AGM) in July 2024. The Board has appointed Stuart Logue, the c...
Posted: Jun 06, 2024
A new Rhode Island law prohibits auto insurers from charging policyholders more solely because they have been widowed. The new law bans insurers from treating widows or widowers any differently than married people in terms of classification or rates...
Posted: Jun 06, 2024
Safety dangers are growing from aging and unregulated vessels, leading ship management firm V.Group told Reuters, adding it had stopped providing services to 30 tankers last year after they were sold to companies that did not pass compliance checks....
Posted: Jun 06, 2024
Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief executive officer of Chubb Limited, explained th...
Posted: Jun 06, 2024
Steadily is a Texas-based landlord insurance provider.
Posted: Jun 06, 2024
The new coverage is designed for law firms with 50 or fewer attorneys.
Posted: Jun 06, 2024
HarbourVest Partners is the lead investor.
Posted: Jun 06, 2024
Sirion, an AI-native contract lifecycle management (CLM) company, has acquired Eigen Technologies, a specialist in Document AI for insurance and financial services that has pioneered data extraction and AI governance. The company has been using ar...
Posted: Jun 06, 2024
Lloyd’s, the re/insurance marketplace, is opening an office in Miami from Sept. 1, 2024, with an aim to strengthen its Latin America and Caribbean business. The new office will enable Lloyd’s to realign its resources to centrally support...
Posted: Jun 06, 2024
Liberty Mutual Insurance is pushing for a New Jersey federal judge to recuse himself from a construction insurance case because he did not disclose that he has been a long-time Liberty insured, a significant claimant, and investigated by the insurer...
Posted: Jun 06, 2024
Gallagher Specialty has launched a new carbon insurance solutions service for its clients which will reportedly enable them to mitigate risks associated with de-carbonisation initiatives. Gallagher Specialty observed that companies are now seeking...
Posted: Jun 06, 2024
The Association of Bermuda Insurers and Reinsurers (ABIR), which represents the public policy interests of Bermuda’s re/insurers, has announced the appointment of Collin Anderson as Director of Policy and Regulation, starting July 1. With 23 years...
Posted: Jun 06, 2024
What do the little engine that could, insurance executives, and a Boy Scout Scoutmaster have in common? They all play into the prose of the book, “Born2Lead”, by Michael Koscielny, Jr. Mike is a “retired” insurance executive....
Posted: Jun 06, 2024
In June of last year, a Russian cybercrime gang called BlackCat hacked the Barts Health NHS Trust, a part of the UK’s National Health Service that operates several hospitals in London, and published some of it online in an extortion …
Posted: Jun 06, 2024
Specialty managing general agent (MGA) Nirvana has announced the renewal of its Media/Technology Errors & Omissions and Cyber (MTC) binding authority with an increased £10mn Media Liability line. It has also expanded authority in Technology an...
Posted: Jun 06, 2024
Insurtech Sixfold has raised $15 million in a Series A funding round led by Salesforce Ventures, in a move that is set to enable the company’s expansion to the UK and Europe. The funding round also featured participation from Scale Venture P...
Posted: Jun 06, 2024
Independent specialist re/insurer Apollo has appointed Monica Cramér Manhem as the new Independent Non-Executive Director of Apollo Syndicate Management Limited. Manhem is an industry veteran with extensive experience in various leading roles. Mos...
Posted: Jun 06, 2024
Paul Gooch, Head of Large Account Cyber at Tokio Marine Kiln, has advised companies to adopt the mindset ‘not if, but when’ in their approach to cybersecurity, following the attack on hospitals in London targeting NHS IT firm Synnovis....
Posted: Jun 06, 2024