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Ship That Caused Deadly Baltimore Bridge Collapse Refloated, Escorted Back to Port

Insurance Journal

The recovery from the deadly Baltimore bridge collapse reached a significant milestone Monday as tugboats escorted the ill-fated container ship Dali back to port, its damaged bow still covered with smashed shipping containers, fallen steel trusses an...

Posted: May 22, 2024

Arch UK Regional Division welcomes new Claims Relationship Manager

Reinsurance News

Adam Waterstreet, equipped with vast insurance claims expertise, takes on the role of Claims Relationship Manager, effective immediately, as announced by Arch Insurance UK Regional Division. In his new position, Waterstreet assumes responsibility...

Posted: May 22, 2024

Teen Who Ate Spicy Tortilla Chip Died of High Chile Consumption; Also Had Heart Defect

Insurance Journal

A Massachusetts teen who participated in a spicy tortilla chip challenge on social media died from eating a large quantity of chile pepper extract and also had a congenital heart defect, according to autopsy results obtained by The Associated Press....

Posted: May 22, 2024

U.S. Regulator Launches Probe of VinFast Crash in California in Which Four Died

Insurance Journal

U.S. auto safety investigators said on Monday they have launched an investigation into the April crash of a VinFast 0TL.F, VFS.O VF 8 electric vehicle in Pleasanton, California, in which a family of four died. The National Highway Traffic Safety &#82...

Posted: May 22, 2024

How Optum’s Topicals Toolbox Gives Workers’ Comp Professionals Key Resources and Data to Avoid Risin...

Risk & Insurance

Topicals can be a costly specialty medication in workers’ compensation. But when a topical is deemed medically necessary, it’s important payers have a resource that works with them to reduce their overall cost. The post

Posted: May 21, 2024

Lessons From Florida's Hurricane 'Mean Season'

Insurance Thought Leadership

Lessons From Florida's Hurricane 'Mean Season' Personal Lines ClareCarroll1

Posted: May 21, 2024

The Plain Language Imperative: Leveraging Generative AI for Life Insurance Customer Communications

IIR

U.S. and international regulators continue to push for the adoption of plain language and associated legislation, which is driving the urgency for life insurers to adapt new tools to deliver compliant, easily digested customer communications.

Posted: May 21, 2024

Why You Should Plan a Summer Community Service Event

IA Magazine

A community service event can help employees who may be feeling stressed. Here are some ways to help employees get the most from such an event.

Posted: May 21, 2024

Ryan Barber Joins Aon as Global Head of Property

IIR

The 20-year veteran of Marsh McLennan joins Aon on June 24 to further advance the firm’s Risk Capital strategy.

Posted: May 21, 2024

Crawford Technologies Debuts Digital Transform Engine Version 5.6

IIR

The latest version of DTE supports the creation of clear, understandable and compliant communications.

Posted: May 21, 2024

Guardz Launches Cyber Insurance with Active Protection Exclusively for SMBs

IIR

The new offering qualifies small businesses to obtain cyber insurance and enables them to acquire it through Guardz’s extensive network of MSP partners.

Posted: May 21, 2024

Social Inflation and Reserve Development

Insurance Thought Leadership

Social Inflation and Reserve Development Personal Lines ClareCarroll1

Posted: May 21, 2024

Tailoring Solutions for Affinity Groups

Insurance Thought Leadership

Tailoring Solutions for Affinity Groups Personal Lines ClareCarroll1

Posted: May 21, 2024

The New Era of Underwriting

Insurance Thought Leadership

The New Era of Underwriting Underwriting ClareCarroll1

Posted: May 21, 2024

Vitesse raises $93 million

coverager

The investment will support Vitesse’s expansion efforts into the US.

Posted: May 21, 2024

Insurance in the Headlines with Baltimore’s Francis Scott Key Bridge Collapse

coverager

Experts say this collapse could become the largest marine insurance loss in history.

Posted: May 21, 2024

Distinguished Programs partners with SiriusPoint

coverager

The new program will offer tailored coverage for a focused segment of inland marine exposures.

Posted: May 21, 2024

Warburg Pincus to acquire Specialist Risk Group

coverager

SRG was launched in January 2020.

Posted: May 21, 2024

These Texans Aren’t Taking Buyouts Despite Repeated Floods

Insurance Journal

HARRIS COUNTY — After the floodwaters earlier this month just about swallowed two of the six homes that 60-year-old Tom Madigan owns on the San Jacinto River, he didn’t think twice about whether to fix them. He hired people to …

Posted: May 21, 2024

Central US States Brace for Possible Severe Storms: Weather Watch

Insurance Journal

There is a moderate risk — the second highest — of severe thunderstorms across parts of Iowa, Illinois, Wisconsin and Missouri affecting more than 3.8 million people, the US Storm Prediction Center said. “All severe hazards will be possible inc...

Posted: May 21, 2024

Risk Strategies Acquires Indiana’s Silveus

Insurance Journal

Risk Strategies announced that it has acquired Silveus Insurance Group, Inc (Silveus). The Indiana-based broker dates back to 1940 and is the country’s largest independent specialty provider of crop insurance. Terms of the deal were not provide...

Posted: May 21, 2024

RSA partners with Q Underwriting to launch new Management Liability product

Reinsurance News

RSA Insurance and specialist managing general agent (MGA) Q Underwriting have partnered to launch a new Management Liability product, aimed at private limited companies and limited liability partnerships. Management Liability insurance protects di...

Posted: May 21, 2024

Several Million Euros’ of Jewels Stolen in Paris Armed Heist

Carrier Management

Several Million Euros’ of Jewels Stolen in Paris Armed Heist Armed robbers who used a motorbike as a ba...

Posted: May 21, 2024

California Court Considers Law Treating App-based Drivers as Contractors

Carrier Management

California Court Considers Law Treating App-based Drivers as Con...

Posted: May 21, 2024

California Insurance Head Green Lights State Farm Reduction in Wildfire Discounts

Carrier Management

California Insurance Head Green Lights State Farm Reduction in Wildfire Discounts Stat...

Posted: May 21, 2024

BASF to Pay $316 million to Settle PFAS ‘Forever Chemicals’ Lawsuit

Insurance Journal

German chemical company BASF said on Tuesday it reached a $316.5 million settlement with some U.S. public water systems that claimed toxic “forever chemicals” in firefighting foam made by the company contaminated their water supplies. The...

Posted: May 21, 2024

RT Specialty promotes Polansky to President,Field Operations Binding Authority

Reinsurance News

RT Specialty, the wholesale distribution division of Ryan Specialty, has promoted Rob Polansky to President of Field Operations Binding Authority. Polansky has operated in the insurance industry for over three and a half decades, holding senior po...

Posted: May 21, 2024

Auto Insurers’ Digital Channels ‘Remarkably Resilient’, Finds J.D. Power Study

Insurance Journal

Auto insurance websites and apps are doing a good job of delivering foundational functional capabilities, bringing in more customers than agents and call centers. But far fewer are providing the type of value-added services that set them apart. With...

Posted: May 21, 2024

Child Is Among 3 Killed When Amtrak Train Hit Pickup Truck in Upstate New York

Insurance Journal

A child was among the three victims killed when a passenger train hit a pickup truck, officials said. The northbound Amtrak train hit a Dodge truck Friday evening in North Tonawanda, New York, a small town along the Niagara River …

Posted: May 21, 2024

Coastal Insurance Underwriters announces carrier partnership with SSIC

Reinsurance News

Coastal Insurance Underwriters (CIU), the program administrator that specialises in designing, creating, and managing insurance products for a variety of business classes, has announced a new carrier partnership with Superior Specialty Insurance C...

Posted: May 21, 2024

Canada Plans Harsher Laws, Equipment Bans to Fight Car Theft

Insurance Journal

Canada’s government is banning key-programming machines and other equipment used to steal cars, while implementing harsher penalties to combat a rising number of auto thefts across the country. Minister of Justice Arif Virani unveiled a nationa...

Posted: May 21, 2024

Malcolm Roberts on FM Global’s Robust Financial Position and Future Plans

Risk & Insurance

“We work closely with our clients to assess their risks and implement loss prevention measures, such as improving building resilience and developing comprehensive business continuity plans. By taking a proactive approach to risk management, we aim...

Posted: May 21, 2024

Core Specialty partners with Open Lending to provide credit default insurance

Reinsurance News

Open Lending Corporation, a key player in automotive lending enablement and risk analytics solutions, has partnered with Core Specialty Insurance Holdings, Inc. This partnership aims to enable Core Specialty to provide credit default insurance pol...

Posted: May 21, 2024

California Court to Weigh Fate of Law Treating App-Based Drivers as Contractors

Insurance Journal

California’s top state court on Tuesday will consider a labor union’s challenge to a ballot measure allowing app-based services such as Uber and Lyft to classify drivers in the state as independent contractors rather than as employees wit...

Posted: May 21, 2024