All Posts

Judge Rejects Former Delaware Trooper’s Discrimination Claims Against State Police

Insurance Journal

A federal judge ruled last Friday in favor of the Delaware State Police in a lawsuit filed by a former trooper who said she was subjected to years of discrimination, sexual harassment and retaliation as she rose through the ranks. …

Posted: May 21, 2024

Optimism amongst risk managers led to deprioritisation of core risk management: Origami Risk

Reinsurance News

Origami Risk, the risk, safety, and insurance Software as a Service (SaaS) technology firm, in its third annual State of Risk report, has disclosed the trend in deprioritisation of core risk management activities due to the increased optimism amon...

Posted: May 21, 2024

Couple Staged Half Million Dollar Fraud Against Theater Nonprofit, Insurer Claims

Insurance Journal

Philadelphia Indemnity Insurance Co. is suing a Connecticut couple the insurer alleges defrauded its insured, a Florida theater nonprofit, by using the organization’s checking and credit card accounts for more than a half million dollars in una...

Posted: May 21, 2024

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

Insurance Journal

This post is part of a series sponsored by AgentSync. Once in a while, we get to cover an insurance story that coincides with current events. In the past, we’ve explored the insurance ramifications of things like the Johnny Depp/Amber …

Posted: May 20, 2024

On-Demand Webinar — Why Some MGAs Thrive: Lessons from the Frontlines of Innovation

Risk & Insurance

Don't miss this opportunity to gain valuable insights into the future of insurance product development and how your organization can benefit from these technological advancements. The post

Posted: May 20, 2024

Three Ways AI Can Help Reduce Risk for Property Owners & Managers

Risk & Insurance

Technology can help to prevent losses, improve safety and security, and reduce the cost of insurance — if property owners and managers select the right tools. Experienced risk professionals can help their clients get the most bang for their buck....

Posted: May 20, 2024

Power Restored to Majority of Houston Residents Affected by Deadly Storms

Insurance Journal

HOUSTON (AP) — Houston area residents affected by deadly storms last week received some good news as officials said power was restored Sunday to a majority of the hundreds of thousands who had been left in the dark and without …

Posted: May 20, 2024

New Embedded Insurance Platform Embri Seeks to Redefine Luxury Retail Protection

IIR

The British InsurTech offers integrated and embedded insurance solutions tailored for the high-end luxury retail sector.

Posted: May 20, 2024

Vitesse Secures $93M in Series C Funding Led by KKR

IIR

The treasury and payment solutions firm, which also announced the appointment of Curt Hess as U.S. Executive President, will use the funding for product dev and connectivity across the insurance value chain.

Posted: May 20, 2024

MAG Seguros Goes Live on Munich Re Automation Solutions SARA

IIR

The Brazilian life insurer deployed the automated underwriting solution to streamline customer experience and operational processes.

Posted: May 20, 2024

The Hurricane Forecast Keeps Getting Darker

Insurance Thought Leadership

The Hurricane Forecast Keeps Getting Darker PaulCarroll

Posted: May 20, 2024

Howden acquires MiCRO

coverager

MiCRO was founded by Mercy Corps and Fonkoze in the aftermath of the 2010 Haiti Earthquake.

Posted: May 20, 2024

Empowering InsurTech: The Rise of Low-Code Solutions

Insurance Journal

This post is part of a series sponsored by Dyad. Technology is crucial in propelling innovation and efficiency within the constantly evolving insurance technology (InsurTech) sector. One of the most notable advancements in recent years has been the e...

Posted: May 20, 2024

Arizona Wildfire Growing Amid Windy Conditions

Insurance Journal

A wildfire has led the U.S. Forest Service to shut down a portion of the Tonto National Forest has grown to more than 14,000 acres. The Wildcat Fire increased in size because of windy weather conditions Sunday, prompting the Tonto …

Posted: May 20, 2024

Branch Insurance Exchange reports Q1 results

coverager

BIX ended the quarter with a net underwriting loss of $22.6 million.

Posted: May 20, 2024

Paragon Insurance Holdings partners with Ascot Group

coverager

Ascot will support Paragon’s public entity casualty insurance program – Trident Public Risk Solutions.

Posted: May 20, 2024

MetLife launches My Leave Navigator

coverager

The new solution includes pre-leave planning and guidance.

Posted: May 20, 2024

AAA: Spillover Speeding a Crash Danger

Carrier Management

AAA: Spillover Speeding a Crash Danger Raising speed limits on highway...

Posted: May 20, 2024

Insurtech IQ

coverager

MiCRO was founded by Mercy Corps and Fonkoze in the aftermath of the 2010 Haiti Earthquake.

Posted: May 20, 2024

Chicago Tribune Faces Suit Over Alleged Pay Disparities Among Women and Black Journalists

Insurance Journal

CHICAGO (AP) — The Chicago Tribune is being sued by some of its staffers, who say they and other women and Black journalists are being paid less than their white male counterparts. The complaint filed Thursday in federal court in …

Posted: May 20, 2024

Chicago Tribune Faces Suit Over Pay Disparities Among Women and Black Journalists

Insurance Journal

CHICAGO (AP) — The Chicago Tribune is being sued by some of its staffers, who say they and other women and Black journalists are being paid less than their white male counterparts. The complaint filed Thursday in federal court in …

Posted: May 20, 2024

Howden Buys Microinsurance Specialist That Offers Cover for LatAm Underinsured

Insurance Journal

Howden, the London-based insurance intermediary group, announced the acquisition of MiCRO, a microinsurance specialist that designs and implements parametric insurance coverage for underserved populations in Latin America against natural catastrophes...

Posted: May 20, 2024

Houston Windstorm Causes Preliminary Economic Loss of $5-7B: AccuWeather

Insurance Journal

The destructive windstorm that blew out windows in downtown Houston and left hundreds of thousands of southeast Texas residents without power caused upwards of $5-7 billion in total damage and economic loss, according to preliminary estimates by Accu...

Posted: May 20, 2024

“Highly active” 2024 hurricane season on the horizon, says Munich Re

Reinsurance News

Global reinsurance giant Munich Re has indicated that the 2024 hurricane season in the North Atlantic is expected to be highly active, as current forecasts are suggesting that the number of tropical cyclones could be “significantly higher th...

Posted: May 20, 2024

Cover Genius Announces $80M Series E Funding Round

Carrier Management

Cover Genius Announces $80M Series E Funding Round Cover Genius...

Posted: May 20, 2024

Tech Bytes: New Partnerships at INSTANDA, ZestyAI, Zojacks

Carrier Management

Tech Bytes: New Partnerships at INSTANDA, ZestyAI, Zojacks INSTANDA, a glob...

Posted: May 20, 2024

What Happens When U.S. Prisoners Assigned to Dangerous Jobs Get Hurt?

Carrier Management

What Happens When U.S. Prisoners Assigned to Dangerous Jobs Get Hurt? Blas Sanchez was nearing the end...

Posted: May 20, 2024

Monitaur Announces Close of $6M Series A Funding Round

Carrier Management

Monitaur Announces Close of $6M Series A Funding Round Monitaur, a mode...

Posted: May 20, 2024

New Survey Reveals Tornado Warnings Are Widely Misunderstood

Carrier Management

New Survey Reveals Tornado Warnings Are Widely Misunderstood Roughly 50 percent of respondents in...

Posted: May 20, 2024

AEB Rule on All New U.S. Vehicles Beginning 2029 Finalized

Carrier Management

AEB Rule on All New U.S. Vehicles Beginning 2029 Finalized A new regulation from the National Highway Tra...

Posted: May 20, 2024

AI Voiceover Company Stole Voices of Actors, New York Lawsuit Claims

Insurance Journal

Two voice actors sued artificial-intelligence startup Lovo in Manhattan federal court on Thursday, accusing the company of illegally copying their voices and using them without permission in its AI voiceover technology. Paul Lehrman and Linnea Sage s...

Posted: May 20, 2024

Ageas to acquire 10% of Taiping Pension’s enlarged share capital

Reinsurance News

Ageas has announced that it has finalised an agreement with China Taiping Insurance Holdings (CITH), in order to subscribe to the capital increase of its wholly controlled subsidiary Taiping Pension Co., Ltd (TPP) for a total consideration of RMB...

Posted: May 20, 2024

ZEP-RE expands Planet collaboration for drought insurance in Horn of Africa

Reinsurance News

Today, a prominent provider of daily Earth data and insights, Planet Labs PBC, announced a contract renewal with ZEP-RE, an African reinsurance firm headquartered in Nairobi, Kenya. This renewed collaboration builds on a successful first year of p...

Posted: May 20, 2024