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The company says that more capabilities are expected later this year.
Posted: Jun 05, 2024
Insurance Business Magazine - US
Posted: Jun 05, 2024
The round was co-led by True Ventures and Prelude Ventures.
Posted: Jun 05, 2024
The new office will enable Lloyd’s to realign its resources to centrally support brokers, coverholders and managing agents.
Posted: Jun 05, 2024
A commitment to fostering an excellent client experience can help workers’ comp service providers stand out from the crowd. The post
Posted: Jun 05, 2024
Ransomware Attacks Lead to Unrecovered Data, Workplace Stress Ransomware continues to be the largest...
Posted: Jun 05, 2024
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Posted: Jun 05, 2024
The Nitsche Group has announced the relocation of its Round Rock office. The office, previously at 893 North IH 35, Suite 120, Round Rock, is now located at 551 S. I-35 Frontage RD., Suite 320, Round Rock, TX, 78664, just …
Posted: Jun 05, 2024
Global re/insurance marketplace, Lloyd’s has announced the opening of a new office in Miami, a move that is designed to strengthen its Latin America and Caribbean business. The new office, which will open from 1 September 2024, will enable Lloyd’s...
Posted: Jun 05, 2024
The California Earthquake Authority (CEA) has renewed $3.73 billion of reinsurance in 2024 so far, having secured almost $1.2 billion in new protection at the April 1st renewals. At the end of 2023, the earthquake insurer had $9.1 billion of prote...
Posted: Jun 05, 2024
Florida Mayor Says May 10 Tornadoes Caused $50M in Damage Recovery from a May 10 tornado outbreak has c...
Posted: Jun 05, 2024
Mitchell: EV Total Losses Rise as Prices Drop Total loss frequency for electric vehicles (EV) continues to climb as...
Posted: Jun 05, 2024
Posted: Jun 05, 2024
Specialist Risk Group’s managing general agent (MGA), MX, has recently secured a new capacity agreement with Accredited Insurance (Europe) Limited (AIEL), which significantly boosts MX’s capacity in the UK and Ireland. Established in 2...
Posted: Jun 05, 2024
Kansas Insurance Commissioner Vicki Schmidt announced that a Kansas man has been sentenced to six months of probation for insurance fraud. Robert Heidbreder, age 30, pleaded guilty in the District Court of Sedgwick County to one misdemeanor count of...
Posted: Jun 05, 2024
Earlier today it was announced that Ambac Financial Group had signed a definitive agreement to acquire a 60% controlling stake in Beat Capital Partners Limited. This afternoon, a conference call was held which involved members of Ambac and Beat, d...
Posted: Jun 05, 2024
Terms of the transaction were not disclosed.
Posted: Jun 05, 2024
The transaction’s closing remains subject to customary conditions.
Posted: Jun 05, 2024
The AI models will allow Zurich to make an immediate underwriting decision on applications with mental health disclosures.
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
Louisiana could soon bar banks that “discriminate” against firearm entities from working on government contracts, after lawmakers advanced legislation that’s similar to a Texas statute that has whipsawed Wall Street firms’ pub...
Posted: Jun 05, 2024
AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb” (Fair) from “bbb-” (Good) of Farm Bureau Mutual Insurance Company of Arkansas, Inc. Concurrently, A...
Posted: Jun 05, 2024
Hilb Group announced and closed the sale of the assets of the wholly-owned subsidiary German American Insurance (GAI) to Hilb Group in an all-cash transaction of $40 million. The sale creates a significant after-tax gain, net of transaction costs, of...
Posted: Jun 05, 2024
Dozens more former youth inmates filed lawsuits seeking millions of dollars in damages for sexual abuse they allegedly endured at Illinois detention centers dating back to the late 1990s. Thirteen women and 95 men filed two separate lawsuits Friday i...
Posted: Jun 05, 2024
Majesco collaborates with Microsoft to develop Majesco Copilot, which integrates cutting-edge generative artificial intelligence (GenAI) into the company’s solutions to revolutionise and encourage operational optimisation across the insurance indu...
Posted: Jun 05, 2024
Just under half of property/casualty insurers recently surveyed by WTW say they plan to incorporate artificial intelligence into their analytics (49%), but most have yet to bring “traditional” analytics into areas other than pricing, WTW...
Posted: Jun 05, 2024
London judges ruled a class action lawsuit to proceed against Google potentially seeking billions of pounds in damages over allegations it abused its dominance in digital advertising. The UK’s Competition Appeal Tribunal unanimously allowed the...
Posted: Jun 05, 2024
A group founded by former Trump administration officials has accused Tyson Foods of discriminating against U.S. citizens by disproportionately hiring immigrants, including children and people in the country illegally. America First Legal (AFL) sent l...
Posted: Jun 05, 2024
Judge Cuts Bayer $2.25 Billion Roundup Verdict to $400 Million A Pennsylvania judge on Tuesday slash...
Posted: Jun 05, 2024
AXA XL Realigns Operations in the Americas; Redundancies Caused by Moves AXA XL said...
Posted: Jun 05, 2024
Ford Says Drivers Will Be Able to Take Their Eyes Off the Road in Two Years Ford Motor Co. is...
Posted: Jun 05, 2024
Hub International Ltd. acquired the assets of Combined Benefits Inc., Combined Commercial Insurance Services LLC., and Combined Employer Services Inc. Donny Woo, CEO, and Jonathan Zhao, vice president of payroll, and the Combined HCM team will join H...
Posted: Jun 05, 2024
Ambac Financial Group, Inc., an insurance holding company, has announced it is to sell its legacy financial guarantee businesses, Ambac Assurance Corporation (AAC) and Ambac UK (AUK), to funds managed by Oaktree Capital Management, L.P.. The compa...
Posted: Jun 05, 2024
Insurance broker Verlingue has established a new dedicated construction practice to be led by Harvey Monk, Sales Director South, who will work with a team of specialists from across the company. The broker launched this new practice to serve the U...
Posted: Jun 05, 2024
Sompo announced the launch of a new technology insurance product for middle market clients in the United Kingdom. The package includes coverages comprising property, casualty, professional indemnity (PI) and cyber. Excess PI and cyber can be provided...
Posted: Jun 05, 2024
TOPSHAM, Maine (AP) — A lobster-themed monster truck performing for spectators in Maine clipped an aerial power line, toppling several utility poles and sending two people to hospitals, police said. Others suffered minor injuries. The Topsham Fairgro...
Posted: Jun 05, 2024
Moody’s has changed the outlook for the US property & casualty (P&C) personal insurance sector to stable from negative, reflecting continued improvement in underwriting results. According to the rating agency, insurers in this sector...
Posted: Jun 05, 2024