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Each of the past 12 months ranked as the warmest on record in year-on-year comparisons, the EU’s climate change monitoring service said on Wednesday, as U.N. Secretary-General António Guterres called for urgent action to avert “climate he...
Posted: Jun 06, 2024
Sompo, a global provider of commercial and consumer property, casualty, and specialty re/insurance, has announced the appointment of Thomas Leone as Chief Investment Officer. In his new role, Leone will directly report to Nicolas Burnet, SompoR...
Posted: Jun 06, 2024
Pen Underwriting, an Arthur J. Gallagher & Co. subsidiary, has acquired Wrightway Underwriting Limited, a Republic of Ireland-based MGA that specialises in transportation and haulage, for an undisclosed sum. Based in Wexford, Wrightway is a ma...
Posted: Jun 06, 2024
More than half of whistleblowers have felt pressured not to use internal hotlines to raise red flags at large global businesses and public bodies, a global EY survey showed. The number of organizations without a whistleblowing hotline has halved sinc...
Posted: Jun 06, 2024
As sales of annuities – notably fixed annuities and fixed-indexed annuities – by U.S. life insurers have ballooned since 2021, S&P Global Ratings explores the challenges facing life insurers. In a recent report released by the firm...
Posted: Jun 06, 2024
In a recent interview with Reinsurance News, Natraj Nukala, Founder of Kshema, the fully digitally powered Indian agricultural insurer, stated that the company is not afraid of competition entering the Indian market post easing of regulations by t...
Posted: Jun 06, 2024
Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says Alth...
Posted: Jun 06, 2024
AI Large Language Models Not Leaving Chubb’s Greenberg ‘Breathless’ Revealing that Chubb has it...
Posted: Jun 06, 2024
Posted: Jun 06, 2024
Everest Reinsurance, the reinsurance arm of insurance giant, Everest Group, Ltd., has appointed Mayur Doshi as the Head of North America Treaty Casualty, reporting to Jiten Voralia, Head of North America Treaty Reinsurance. Voralia commented on th...
Posted: Jun 06, 2024
Crypto exchange Binance on Wednesday sought to throw out the vast majority of a London lawsuit worth up to 10 billion pounds ($12.8 billion) over claims it and other exchanges colluded to “delist” the Bitcoin Satoshi Vision (BSV) cryptocu...
Posted: Jun 06, 2024
Climate risk-solving insurance provider Understory has announced the closing of its Series A funding round, securing $15 million to drive its expansion into the renewable energy sector. This funding round, co-led by True Ventures and Prelude Ventu...
Posted: Jun 06, 2024
The Internet of Things (IoT), which refers to the collection of internet-enabled devices such as wearables, industrial sensors and controls, and closed-circuit cameras, has revolutionized processes from pharmaceuticals storage to energy-usage monitor...
Posted: Jun 06, 2024
PoloWorks, a collective of Lloyd’s and London Market insurance services businesses, has announced the appointment of Mel Carvill as Chairman of Polo Insurance Managers. Mark Elliott, CEO of Polo Insurance Managers, commented: “We are delighted tha...
Posted: Jun 06, 2024
Aeolus Capital Management and RED – Risk Engineering + Development (RED) have announced a collaborative research initiative focused on assessing earthquake risk. This study will be led by Pete Dailey, Head of Research at Aeolus, renowned for...
Posted: Jun 06, 2024
McKenzie Intelligence Services (MIS), a provider of geospatial data and analysis to the insurance industry, has announced the launch of a cutting-edge AI damage classifier to enhance its human intelligence-led damage assessments for insurers follo...
Posted: Jun 06, 2024
NetJets, the luxury plane unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, sued its 3,400-member pilots union for defamation over statements about its commitment to safety and training pilots. The lawsuit filed on Monday in a state...
Posted: Jun 06, 2024
Following last year’s historically challenging property insurance market, 2024 is proving to be “a more stable and capitalized market,” USI Insurance Services reported in its latest Commercial Property & Casualty Market Outlook...
Posted: Jun 06, 2024
CNA Financial Corp. said it is promoting Doug Worman, currently executive vice president and global head of underwriting, to president and chief executive officer starting in 2025. Current CEO Dino E. Robusto will transition to a role of executive ch...
Posted: Jun 06, 2024
JACKSON, Miss. (AP) — A judge has ordered the enforcement of a lawsuit settlement between Mississippi’s capital city and the family of a man who died after police officers pulled him from a car while searching for a murder suspect. …
Posted: Jun 06, 2024
CANTON, Miss. (AP) — Madison County has recovered an estimated $900,000 after an investigation found that the county was defrauded out of millions of tax dollars, authorities said Monday. Sheriff Randy Tucker updated the Board of Supervisors on Monda...
Posted: Jun 06, 2024
GEICO Insurance companies have continued their campaign against alleged auto insurance fraud actors, including some well-known physicians and medical clinics. And a federal judge ruled this week that two of those practitioners cannot escape a $2.8 mi...
Posted: Jun 06, 2024
Insurers are set to keep increasing their private credit holdings throughout the coming years, with almost 80% saying they plan to increase their holdings of at least one class of private credit over the long term, according to a recent analysis b...
Posted: Jun 06, 2024
PCF Insurance Services named Brandon Gray chief financial officer. Gray, who joined PCF in March 2023, previously served as the company’s senior vice president and treasurer. His promotion to CFO follows Felix Morgan’s December 2023 appoi...
Posted: Jun 06, 2024
Pacific Power, part of PacifiCorp, said Monday it has agreed to a $178 million settlement with over 400 Oregon plaintiffs in the latest multimillion-dollar payout related to the deadly 2020 wildfires that ravaged the state. In other cases that have &...
Posted: Jun 06, 2024
Council Capital, a healthcare-focused private equity firm, has acquired Allegiant Managed Care, a nurse case management company providing services within workers’ compensation and other property/casualty insurance lines. Terms of the transactio...
Posted: Jun 06, 2024
A state prisoner on a work-release program was killed in a fuel tank explosion while he was working as a welder for an employer in Rockport, the Maine Department of Corrections said last Saturday. Sean Rancourt was welding the diesel …
Posted: Jun 06, 2024
How Agents Can Tackle California's Challenges Agent & Broker ClareCarroll1
Posted: Jun 05, 2024
How AI Can Lead to Personalized Medicine Life & Health ClareCarroll1
Posted: Jun 05, 2024
Reversals of Pandemic Migration Patterns Regulation & Public Policy ClareCarroll1
Posted: Jun 05, 2024
How Insurtechs and Incumbents Fared in Q1 Leadership ClareCarroll1
Posted: Jun 05, 2024
Top E&O Claims for I/T Consultants Commercial Lines ClareCarroll1
Posted: Jun 05, 2024
Top E&O Claims for IT Consultants Commercial Lines ClareCarroll1
Posted: Jun 05, 2024
Big “I” Markets has a new name and is now part of a powerful new suite of market access solutions for independent agents: Big “I” Alliance.
Posted: Jun 05, 2024
Specialty drug costs nearly tripled over six years, while opioid utilization dropped and prescribing patterns shifted based on claim stage, according to Enlyte. The post
Posted: Jun 05, 2024
Insurance Business Magazine - US
Posted: Jun 05, 2024
Insurance Business Magazine - US
Posted: Jun 05, 2024
Insurance Business Magazine - US
Posted: Jun 05, 2024
As temperatures and the number of catastrophic losses continue to climb, homeowners are facing skyrocketing insurance premiums and loss of coverage. Climate change is testing the insurance industry’s...
Posted: Jun 05, 2024
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Posted: Jun 05, 2024