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Kansas Gov. Laura Kelly vetoed a measure Wednesday that could have earmarked up to $5 million for gun-detection systems in schools while expressing concern that it could have benefitted only one particular company. Kelly’s line-item veto leaves...
Posted: May 17, 2024
Following recent floods in the Brazilian state of Rio Grande do Sul, the region grapples with escalating casualties and significant financial repercussions. According to insurance and reinsurance broker Aon’s weekly cat report released on Ma...
Posted: May 17, 2024
Rising Keyless Vehicle Thefts Prompt Safety Tips They appear like ghosts in the night, standing outside...
Posted: May 17, 2024
U.S. to Look at Other Bridges at Risk After Baltimore Collapse The U.S. Coast Guard said it is e...
Posted: May 17, 2024
Contractor Fraud Awareness Week Begins on May 20,...
Posted: May 17, 2024
Posted: May 17, 2024
Posted: May 17, 2024
A consultant the Chicago Blackhawks hired to improve relationships with American Indian tribes has filed a lawsuit accusing the team, its charity foundation and its CEO of fraud, breach of contract and sexual harassment. Nina Sanders filed the civil...
Posted: May 17, 2024
Inszone Insurance Services announced the acquisition of JHC Insurance Agency, Inc., an independent insurance agency serving the Victoria community and beyond. Rooted in the values of independence and client-focused service, JHC Insurance Agency, Inc....
Posted: May 17, 2024
Increased distractions, staffing shortages, and safety risks mean that 60% of company drivers are worried about their personal safety and liability behind the wheel. Over half have been involved in or witnessed an accident in the past year. According...
Posted: May 17, 2024
The explosion that rocked Marathon Petroleum Corp.’s Galveston Bay oil refinery one year ago trapped Rigoberto Guillen 75 feet in the air. Stranded on a metal platform, he and a colleague crouched low as black smoke engulfed them. “I coul...
Posted: May 17, 2024
Trium Cyber announces its partnership with HITRUST. This collaboration introduces an exclusive cyber insurance product available solely to HITRUST-certified customers, marking a new benchmark in aligning information risk assurances with insurance...
Posted: May 17, 2024
The U.S. cyber insurance market saw what Fitch Ratings called an unexpected 1% decline in direct written premiums in 2023 following a 160% increase from 2020 to 2022. According to Fitch Ratings’ U.S. Cyber Insurance Market Update, standalone cy...
Posted: May 17, 2024
Insurers expected to intensify claims automation efforts as customers consider quick claims processing a priority, a recent survey by Sollers Consulting and Ipsos has found. For customers, faster claims processing from insurers is the most importa...
Posted: May 17, 2024
Insurance Business Magazine - US
Posted: May 17, 2024
Insurance Business Magazine - US
Posted: May 17, 2024
OCALA, Fla. (AP) — A man with a long record of dangerous driving told investigators he smoked marijuana oil and took prescription drugs hours before he sideswiped a bus, killing eight Mexican farmworkers and injuring dozens more, according to an R...
Posted: May 17, 2024
The latest people news in the industry today. The post Melissa Carmichael Appointed Head of US Cyber at Beazley PLC appe...
Posted: May 17, 2024
The latest people news in the industry today. The post Vincent Flood Promoted to Commercial Risk Prope...
Posted: May 17, 2024
TALLAHASSEE, Fla. (AP) — Climate change will be a lesser priority in Florida and largely disappear from state statutes under legislation signed Wednesday by Florida Gov. Ron DeSantis that also bans power-generating wind turbines offshore or near the...
Posted: May 17, 2024
The latest people news in the industry today. The post Jennifer Bell Appointed as Executive Chair of North America at...
Posted: May 17, 2024
The latest people news in the industry today. The post Lori Crandall Appointed...
Posted: May 17, 2024
EPIC Insurance Brokers & Consultants has appointed Steve Gaches as Managing Principal of its Entertainment & Sports division. This addition underscores EPIC’s strategic commitment to recruiting seasoned professionals from the music and ent...
Posted: May 17, 2024
Private flood insurance remains underutilized, but insurance envisions new technology to meet this misunderstood need. The post
Posted: May 17, 2024
Family members of a Navy veteran who died in 2020 after a police officer pressed a knee to his neck for nearly five minutes while he was in a mental health crisis have settled a federal lawsuit against the Northern …
Posted: May 17, 2024
KOA also has a long-standing partnership with Progressive.
Posted: May 17, 2024
Kalepa claims that its underwriting solution compiles everything underwriters need.
Posted: May 17, 2024
Cortical.io offers document processing solutions.
Posted: May 17, 2024
Insurers’ traditional business models and technological infrastructure are ill-equipped to meet the demands of today’s rapidly evolving landscape, as noted by Denise Garth, Chief Strategy Officer at Majesco. This sentiment is echoed in...
Posted: May 17, 2024
Wall Street’s top regulator on Thursday said it had updated rules to ensure investment companies and others work to detect and respond to hackers’ theft of customer data. The changes, approved unanimously by the five-member U.S. Securitie...
Posted: May 17, 2024
London headquartered insurer Beazley has sponsored its second 144A cyber catastrophe bond, securing an additional $160 million of capital markets-backed cyber reinsurance coverage via a PoleStar Re Ltd. (Series 2024-2) issuance, as reported by Art...
Posted: May 17, 2024
Applied Systems has released first quarter of 2024 results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index. Overall, the index shows that rates saw an increase of 6.14% in the first quarter of 2024, which is d...
Posted: May 17, 2024
Independent insurance broker Lockton is strengthening its Transaction Liability Group with the addition of Brian Collet and Dan Hoppe, each joining the group as Senior Vice President in the Representations and Warranties Insurance practice. In his...
Posted: May 17, 2024
A line of dangerous storms and flooding rains rolled over the US Gulf Coast, killing at least four people and leaving more than 800,000 customers in Texas — about 6% of the total — without power while grounding hundreds of …
Posted: May 17, 2024
Across the re/insurance sector, accurately assessing risk exposure is often portrayed as being a demanding task, fraught with disparate data sources and a lack of visibility. However, one company that is making progress to counteract this issue is...
Posted: May 17, 2024
Thai Reinsurance Company (Thai Re) has released their results for the first quarter of 2024, which includes a net profit of THB 57 million ($1.58 million), 418% higher than the prior year’s first quarter, due to improved reinsurance results....
Posted: May 17, 2024
JP Morgan has noted that when looking at the change in earnings expectations in 2024-26 across the insurance sector, reinsurers have seen the biggest benefit from IFRS17. The firm’s recent Love Actuary report observed it is “evident...
Posted: May 17, 2024
Insurance Business Magazine - US
Posted: May 17, 2024
A career in risk management has taken Kevin Jones further than he ever imagined. No wonder it’s a path he encourages younger professionals to follow. The post
Posted: May 17, 2024
Marsh McLennan Agency, part of global insurance and reinsurance brokerage Marsh McLennan, has announced the appointment of Anne Rappa as the Fine Arts and Specie Leader, effective May 20. In this newly established role, Rappa will spearhead the de...
Posted: May 17, 2024
Workers’ comp was once slow to implement technology. Now, it’s catching up quickly. The post Wor...
Posted: May 17, 2024
The Insurance Council of Australia (ICA) has reported that the storms in New South Wales from April 3rd to 8th caused $176 million in insured damages, with over 95% attributed to property damage. These storms significantly impacted the Hawkesbury-...
Posted: May 17, 2024