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Is Trampoline Install Covered by Landscapers Insurance Policy? A.I. Says Yes Is the installation of an in-grou...
Posted: May 31, 2024
Florida-based insurtech HCI Group has increased its reinsurance coverage across both its reinsurance towers, securing over $2.7 billion in aggregate limit at the June 1 renewal. Similar to the previous year, HCI established two reinsurance towers...
Posted: May 31, 2024
Howden Re (formerly Howden Tiger), the reinsurance broking arm of Howden Group Holdings, has appointed reinsurance industry veteran, David Hearn, as Chairman of Global Clients Strategy. In his new role, Hearn’s remit will include supporting the le...
Posted: May 31, 2024
MGA iprism, a specialist in construction, property, commercial and high net worth, has appointed Victoria Blanche as Private Clients Manager to lead its team of mid-high net worth underwriters. In this new role, Blanche’s remit will include...
Posted: May 31, 2024
A new commentary released by Morningstar DBRS, highlights that liquidity risk in the insurance industry is gaining more attention because of the growing use of private assets. Historically, liquidity risk has typically received far less attention...
Posted: May 31, 2024
AdvantageGo, a commercial re/insurance software provider and part of Coforge, has announced a strategic alliance with Relativity6, an artificial intelligence (AI) powered industry classification provider. For those who are not aware, Relativity6 a...
Posted: May 31, 2024
Nationwide’s Chetan Kandhari said the company is working to build a bionic workforce. Maybe that brings to mind robots, futuristic technology and sci-fi imagery, but Kandhari said no one should fear robots replacing humans. Bionic simply means...
Posted: May 31, 2024
The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report. The Best’s Special Report, “U.S. P/C Insu...
Posted: May 31, 2024
American International Group and a group of its excess and surplus lines subsidiaries have dropped claims against three former AIG executives who launched Dellwood Insurance Group but its claims against the E&S lines insurer live on. AIG earlier...
Posted: May 31, 2024
Analysts with the AM Best financial rating firm and other stakeholders are cautiously optimistic about the resurrection of the Florida property insurance market, 18 months after state lawmakers approved monumental litigation reforms. That was the sen...
Posted: May 31, 2024
A Washington wage complaint investigation resulted in The Boeing Co. paying $11.5 million in unpaid wages to nearly 500 workers. The Washington State Department of Labor & Industries reports receiving four complaints in November 2022 from workers...
Posted: May 31, 2024
Lee Moung-mo has been appointed Executive Director, General Business, and Marty Lui Yu-kwok as Executive Director, Long Term Business of the Insurance Authority (IA),the insurance regulator of all authorised insurance companies and licensed insura...
Posted: May 31, 2024
The Equal Employment Opportunity Commission (EEOC) is pursuing a case against an employer the agency says fired a new employee for not disclosing her low vision disability in her job interview. The Americans with Disabilities Act (ADA) prohibits empl...
Posted: May 31, 2024
A Connecticut Appeals Court has affirmed that an insurer is not obligated to provide actual notice of a home insurance nonrenewal; proof that the insurer sent the notice by registered or certified mail is sufficient. The homeowners claimed they never...
Posted: May 31, 2024
Researchers at Johns Hopkins University in Baltimore are assessing the country’s bridges to determine the likelihood of another disaster like the one that collapsed the Francis Scott Key Bridge. The team includes students and faculty members an...
Posted: May 31, 2024
Mark Pastorius joined Alliant Insurance Services as executive vice president, managing director within Alliant Specialty. Pastorius’ insurance career spans more than 37 years. Before joining Alliant, Pastorius was an executive vice president an...
Posted: May 31, 2024
Dozens of Oregon wineries and vineyards have sued PacifiCorp over the deadly 2020 wildfires that ravaged the state, alleging that the utility’s decision to not turn off power during the Labor Day windstorm contributed to blazes whose smoke and...
Posted: May 31, 2024
Supreme Court Backs NRA in Claim Against NY Insurance Regulator The U.S. Supreme Court has revived a claim...
Posted: May 30, 2024
The startup offers business management solutions for creators.
Posted: May 30, 2024
Does Symbol 1 cover vehicles that might not immediately be listed due to system glitches, human errors or other oversights?
Posted: May 30, 2024
GenAI is still in its preliminary stages at most life insurance companies, but Cognizant is investing significantly in finding practical applications in a variety of technology and business process contexts.
Posted: May 30, 2024
Property-Catastrophe Reinsurance Rates Drop by 5% at June Renewals: Howden Re Property-catastrophe rates saw...
Posted: May 30, 2024
Most EVs in the U.S. Are Still Being Shipped to the Same Few States As the U.S. car market swiftly and steadil...
Posted: May 30, 2024
Bondaval we will be able to take on some of the reinsured risk alongside its existing global panel of reinsurers.
Posted: May 30, 2024
The companies will work together to offer builders risk coverage on a non-admitted basis.
Posted: May 30, 2024
Growing up we all watched television shows and movies pitting the good guy against the bad guy. Often the bad guy held some power over the good guy, either as the boss, the holder of all the money or the …
Posted: May 30, 2024
Mothers Reap Benefits of Record Part-Time Workforce Boom in U.S. The number of Americans v...
Posted: May 30, 2024
Posted: May 30, 2024
Increased capacity for property catastrophe reinsurance, including record cat bond issuance, signal a potential softening of rates, but an active hurricane season could counteract these trends, Howden Re reports. The post
Posted: May 30, 2024
Combining skills with a willingness to adapt, it’s possible to find opportunities amid change When you know the client’s business as well or even better than they do and can fix what’s broken—most importantly before things derail entirely—that is inv...
Posted: May 30, 2024
Insurance Business Magazine - US
Posted: May 30, 2024
FintechOS helps banks and insurance companies add new products and features without replacing their core systems.
Posted: May 30, 2024
Bondaval we will be able to take on some of the reinsured risk alongside its existing global panel of reinsurers.
Posted: May 30, 2024