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Unseen Scars: The Impact of Mental Health on Injured Workers’ Recovery

Risk & Insurance

Engaging with behavioral health factors that can delay recovery early on can be a boon for injured workers and their employers alike. The post

Posted: May 17, 2024

Solvency reforms UK: S&P global notes no revolutionary changes for insurers

Reinsurance News

S&P Global Ratings anticipates the implementation of Solvency UK reforms, which align the European Economic Area-wide Solvency II insurance regulatory framework with the UK insurance market, to be largely completed by the end of 2024. The insu...

Posted: May 17, 2024

Houston, Texas hit by hurricane-like winds and flash floods during deadly storms

Reinsurance News

Houston, Texas has been hit by deadly storms that reportedly blew out windows in high-rise buildings, caused flash floods, and knocked out power to nearly a million homes and businesses. Four people have died following the storms, during which Hou...

Posted: May 17, 2024

Aon reveals cyber attack/data breach as top risk for financial institutions

Reinsurance News

Aon, a global insurance and reinsurance broker, has revealed that cyber attack/data breach ranks first among the top business risks confronting the financial institutions industry. This insight is derived from Aon’s 2023 Global Risk Management Sur...

Posted: May 17, 2024

Markets/Coverages: Aon Offers Carbon Capture, Storage Insurance for Energy Transition

Insurance Journal

Insurance broker Aon plc has developed a new insurance product designed for international transport and storage companies that are engaged in storing carbon dioxide for decarbonization projects across the globe. The new product is aimed at providing...

Posted: May 17, 2024

Ardonagh Group’s MDS Brazil to Acquire Brazilian Broker D’Or Consultoria

Insurance Journal

MDS Brazil, a subsidiary of Ardonagh-owned MDS Group and one of the country’s major brokers, announced it intends to acquire D’Or Consultoria, a health, dental, life insurance and pensions broker from Rede D’Or Sao Luiz. S.A. The tr...

Posted: May 17, 2024

SCOR reports Q1’24 net income of €196m amid solid P&C performance

Reinsurance News

French reinsurer SCOR has announced net income of €196 million for the first quarter of 2024 and a P&C re/insurance combined ratio of 87.1%, which includes a nat cat ratio of 7.2%, mainly impacted by the update of the market loss related to th...

Posted: May 17, 2024

Volkswagen Reaches $54 Million ‘Dieselgate’ Settlement With Italian Owners

Insurance Journal

Volkswagen and a group representing car owners in Italy have reached an agreement worth more than 50 million euros ($54 million) to end a legal battle over the “dieselgate” emissions scandal, they said on Wednesday. In the settlement, ove...

Posted: May 17, 2024

Ardonagh’s MDS Brazil to acquire D’Or Consultoria for £123m

Reinsurance News

MDS Brazil, a subsidiary of Ardonagh-owned MDS Group, has revealed it intends to acquire D’Or Consultoria, a health, dental, life insurance, and pensions broker from Rede D’Or Sao Luiz. S.A. (Rede D’Or). The transaction, which has a consider...

Posted: May 17, 2024

Insurers are likely to add to alternatives allocations, says KKR

Reinsurance News

A recent insurance survey released by global investment firm KKR has highlighted a sharp recovery in allocations to investment-grade fixed income as rates rebounded over the past three years, as well as considerable resilience for nontraditional i...

Posted: May 17, 2024

Wildfires Could Affect Over Half of Canada’s Oil Sands Output: Report

Insurance Journal

More than half of the oil sands production from Canada could be impacted if the wildfires in Alberta and British Columbia worsen, Rystad Energy said in a report on Thursday. WHY IT’S IMPORTANT Canada is one of the biggest oil …

Posted: May 17, 2024

AM Best revises Spain’s non-life insurance segment from negative to stable

Reinsurance News

Global credit ratings agency AM Best has revised its outlook on Spain’s non-life insurance segment from negative to stable, driven by segment growth supported by economic development and resilient profitability on the back of premium rate in...

Posted: May 17, 2024

Firefighters Gain Control of One Blaze Threatening Oil Sands in Alberta

Insurance Journal

Firefighters gained control of one wildfire near the main oil-sands region of Alberta on Wednesday, but continued to battle a much larger blaze to the south that’s threatening the area’s biggest city. The fire just north of Fort McMurray,...

Posted: May 17, 2024

Lloyd’s updates cyber war wordings

Reinsurance News

Lloyd’s of London has recently issued an updated Market Bulletin to offer clearer guidance on cyber war wordings, aiming to prevent disputes over policy coverage. In August 2022, Lloyd’s released Market Bulletin Y5381, outlining requirements for e...

Posted: May 17, 2024

People Moves: Marsh McLennan Agency Appoints Rappa Fine Arts and Specie Leader

Insurance Journal

Marsh McLennan Agency, headquartered in New York, appointed Anne Rappa to the newly created position of fine arts and specie leader effective May 20. Based in New York, Rappa will work with teams in the U.S. and London to deliver …

Posted: May 17, 2024

Trium & Wikifri enter commercial E&S property insurance space

Reinsurance News

Wikifri, an insurance consulting firm and provider of the Insurance Daylight Data Solution, is collaborating and supporting Trium Cyber US Services, Inc., a US-domiciled Lloyd’s coverholder and underwriter, in expanding their insurance offerings t...

Posted: May 17, 2024

Auto Insurance Shopping ‘Hot,’ Consumers Switching ‘Sizzling’: LexisNexis

Insurance Journal

Shoppers in the U.S. aren’t ready to accept higher auto insurance rates, choosing to shop around for the best deal and coverage, a new report finds. U.S. consumer auto insurance shopping activity registered as “Hot” on the LexisNexi...

Posted: May 17, 2024

Sony Music Warns Companies to Stop Training AI on Its Artists’ Content

Insurance Journal

Sony Music Group, one of the world’s biggest record labels, warned artificial intelligence companies and music streaming platforms not to use the company’s content without explicit permission. Sony Music, whose artists include Lil Nas X a...

Posted: May 17, 2024

Greater Chance of Major Hurricane on East Coast This Year, Less in Gulf, Scientist Says

Insurance Journal

Multiple computer models from forecasting organizations across the globe have predicted a very active hurricane season starting next month, spelling trouble for Florida and much of the Eastern United States. The models aren’t wrong, said Phil K...

Posted: May 17, 2024

Washington Contractor, Grower Face $650K in Fines After Worker Dies in Apple Storage Room

Insurance Journal

Two Washington companies face a combined $650,000 in fines for violations in connection with a worker who died from asphyxiation after entering an apple storage facility where the oxygen had been removed from the air. The incident on Oct. 1, …

Posted: May 17, 2024

Judge Hears Atlantic City Casino Workers’ Anti-Smoking Lawsuit

Insurance Journal

A group of Atlantic City casino workers asked a judge Monday to ban smoking in the gambling halls, citing the toxic effects of working in a “poisonous” atmosphere, while the state said ending smoking could jeopardize a half-billion-dollar...

Posted: May 17, 2024

CyberTrust Massachusetts Launches Cybersecurity Services for Cities and Towns

Insurance Journal

The nonprofit CyberTrust Massachusetts recently launched cyber assessment and monitoring services to help cities and towns in the state address the trend of escalating cyber attacks, ransomware, infrastructure disruption and data breaches. The launch...

Posted: May 17, 2024

HSB Canada to offer employment practices liability coverage to small businesses

Reinsurance News

HSB Canada, a multi-line specialty insurer and part of the global reinsurance giant Munich Re, has introduced a new coverage, Employment Practices Liability Insurance with the aim to help small businesses respond to claims arising from employment-...

Posted: May 17, 2024

Judge Won’t Discard $38M Verdict in New Hampshire Youth Center Abuse Case

Insurance Journal

The judge who oversaw a landmark trial about New Hampshire’s youth detention center has refused to discard the $38 million verdict, saying the facility’s leadership “either knew and didn’t care or didn’t care to learn th...

Posted: May 17, 2024

Former Raiders Coach Loses Nevada High Court Ruling in NFL Emails Suit

Insurance Journal

Former NFL coach Jon Gruden lost a Nevada Supreme Court ruling in a contract interference and conspiracy lawsuit he filed against the league after he resigned from the Las Vegas Raiders in 2021, but his lawyer said he will appeal. …

Posted: May 17, 2024

People Moves: Alliant Adds Rison; Lawley Grows Sales Team

Insurance Journal

Alliant Private Client Names Rison SVP Julie Rison has joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president, Alliant Private Client. Based in Virginia, Rison will identify and pursue opportunities within th...

Posted: May 17, 2024

Investigation Continues Into 4 Blackouts on Ship That Caused Baltimore Bridge Collapse

Insurance Journal

The electrical blackouts experienced by the container ship Dali before it left Baltimore’s port were “mechanically distinct from” those that resulted in the deadly collapse of the Francis Scott Key Bridge hours later, according to c...

Posted: May 17, 2024

California Trucker Death Led to Workers’ Comp Investigation That Found $2M in Underreported Payroll

Insurance Journal

An investigation began after an employee was found dead in a company owned semi-truck led to the arraignment of a California man on three felony counts of workers’ compensation fraud. Heigo Kubar, 84, of Fresno, was arraigned this week on &#823...

Posted: May 17, 2024

High Court: E-Scooter Rider Hit by Car Not Pedestrian, No PIP Benefits

Carrier Management

High Court: E-Scooter Rider Hit by Car Not Pedestrian, No PIP Benefits A man injured when he was hit by a car whi...

Posted: May 16, 2024

FTC Noncompete Agreement Ban May Not Survive Courts but Some States Could Adopt

Carrier Management

FTC Noncompete Agreement Ban May Not Survive Courts but Some States Could Adopt The Federal Trade Commissio...

Posted: May 16, 2024

IRC: Home Insurance Spend Tops Household Income Growth

Carrier Management

IRC: Home Insurance Spend Tops Household Income Growth According to the Insurance Research Council (IRC), t...

Posted: May 16, 2024

Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Q1 Net Income of $1.1B

Carrier Management

Swiss Re to Withdraw From Digital Insurer iptiQ, Reports Q1 Net Income of $1.1B Swiss Re announced p...

Posted: May 16, 2024

Embroker Announces Coverage Program for Consultants Available on ONE Platform

IIR

The tailored, expert-backed coverage is designed to safeguard consultants against unique industry threats, saving time and effort in the coverage process.

Posted: May 16, 2024

Insurity Partners with Certificate Hero to Cut Certificate Issuance and Renewals Time

IIR

This partnership can cut issuance and renewal time by up to 75 percent, achieving long-term client retention through the innovative use of AI and advanced technological capabilities.

Posted: May 16, 2024

Republic Life Goes Live as Caribbean’s First Digital DTC Carrier with Sapiens Platform

IIR

The Port of Spain-based carrier has implemented Sapiens’ Insurance platform on Microsoft Azure cloud to enable rapid launch of products and accelerate market expansion.

Posted: May 16, 2024

Should Agencies Keep Both Paper and Electronic Copies of Files?

IA Magazine

How do dual files impact agency errors & omissions?

Posted: May 16, 2024

Exxon Is Hit With $726M Verdict Over Benzene and Cancer

Carrier Management

Exxon Is Hit With $726M Verdict Over Benzene and Cancer A jury in Philadelphia found Exxon Mo...

Posted: May 16, 2024

An Interview with Gaby Dominguez

Insurance Thought Leadership

An Interview with Gaby Dominguez Agent & Broker sradomski

Posted: May 16, 2024

Aflac Global Investments to acquire stake in Tree Line Capital Partners

coverager

The structure of the deal provides AGI with a 40% interest in the company upon closing.

Posted: May 16, 2024

London Underwriters Reintroduces AUGold: A Cutting-Edge Solution for Excess and Surplus Lines

coverager

Hallandale, FL — May 16, 2024 London Underwriters, a leading provider of innovative insurance solutions, proudly announces their relaunching of AUGold, a game-changing program backed by Atrium Syndicate at Lloyd’s...

Posted: May 16, 2024

SBLI partners with GRAIL

coverager

The Galleri test will initially be available to select SBLI BOLI policyholders.

Posted: May 16, 2024

OpenRoad enters collector vehicle insurance market

coverager

OpenRoad is led by CEO Richard Hutchinson.

Posted: May 16, 2024