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Insurance Business Magazine - US
Posted: May 15, 2024
The new coverage is available for Easy Bank Pro XL subscribers.
Posted: May 15, 2024
President and co-founder David Paulsson will assume the CEO role and CFO John Fitzgerald will be promoted to President.
Posted: May 15, 2024
NCCI: Workers Compensation Report Highlights a Healthy Line The performance of...
Posted: May 15, 2024
The company's first partner is P2P carsharing marketplace Getaround.
Posted: May 15, 2024
Cover Genius operates in several countries and it focuses on the embedded space.
Posted: May 15, 2024
CRC Group, headquartered in Honolulu, hired Andrew Weinberg as an underwriting team leader specializing in transportation. Weinberg is based in CRC’s Minneapolis office. Before joining CRC Group, he served as an underwriter at Burns & Wilco...
Posted: May 15, 2024
NCCI analysis of 2023 results finds private workers' comp carriers see continued profitability despite low premium growth. The post
Posted: May 15, 2024
Indemnity benefits per claim in Illinois increased 5% in 2022, driven by a 4% increase in workers’ wages, a new study from the Workers Compensation Research Institute (WCRI) found. A 0.8-week increase in the average duration of temporary disabi...
Posted: May 15, 2024
Austin hemp entrepreneur Shayda Torabi is looking at a year filled with uncertainty. For the six years they’ve been in business, Torabi and her two sisters have operated Restart, their hemp dispensary, in a modest neighborhood in North Austin w...
Posted: May 15, 2024
Severe storms killed three people and caused significant damage in southwest Louisiana Monday. At least one EF3 tornado hit Lake Charles, officials said. The St. Martin Parish coroner reports that a female died in Cecilia after a camper rolled over &...
Posted: May 15, 2024
ST. LOUIS (AP) — Advocates for victims of abuse at Missouri boarding schools on Monday urged the state’s attorney general to launch an investigation, work with local prosecutors and take other steps aimed at stemming the tide of abuse. Three &#...
Posted: May 15, 2024
Swiss Re has partnered with Cortical.io, a collaboration that aims to boost digital transformation by facilitating the adoption of intelligent document processing (IDP) among group insurance carriers. Founded in 2011, Cortical.io is described as a...
Posted: May 15, 2024
Waymo’s Automated Driving Technology Under Investigation The U.S. government's...
Posted: May 15, 2024
Workforce Drug Test Cheating Surged in 2023 Overall Drug Positivity Holds Steady at Histo...
Posted: May 15, 2024
U.S. Federal Deposit Insurance Corporation Chairman Martin Gruenberg on Wednesday said he was deeply sorry for a toxic workplace culture and his own mistreatment of employees. Testifying before Congress, Gruenberg said he accepted the findings of an...
Posted: May 15, 2024
Michigan-domiciled property and casualty holding company, Conifer Holdings has announced its financial results for the first quarter of 2024, reporting a net income of $74,000, compared to the $1,001,000 reported in Q1 2023. The company also repor...
Posted: May 15, 2024
MS Transverse, a hybrid fronting carrier in North America and a subsidiary of MSIGH, has appointed David Paulsson as CEO, taking over the position from Erik Matson, co-founder and CEO, as he will voluntarily step down from his active role at the c...
Posted: May 15, 2024
MS Transverse, a hybrid fronting carrier in North America and a subsidiary of MSIGH, has appointed David Paulsson as CEO, taking over the position from Erik Matson, co-founder and CEO, as he will voluntarily step down from his active role at the c...
Posted: May 15, 2024
In their results for the 2023-24 financial year, West P&I Club has posted a 94.5% combined ratio, representing a solid improvement from 96.7% from last year. The 94.5% figure represents the Club’s best combined ratio since 2017, and one that i...
Posted: May 15, 2024
Lockton Re, the reinsurance arm of the global insurance brokerage, has named Peter Robinson as a Senior Broker on its Accident, Health, and Life team, based in San Francisco and reporting to Rob Kreager, Segment Leader. Robinson is an industry vet...
Posted: May 15, 2024
Insurance Business Magazine - US
Posted: May 15, 2024
Insurance Business Magazine - US
Posted: May 15, 2024
Farmers to Resume Offering Key Lines of Business Insurance in California Farmers Insurance says it will...
Posted: May 15, 2024
The severe tornadoes heavily hitting Nebraska, Iowa, and Oklahoma on April 26th – 27th is estimated to have damaged 7,229 residential properties with a combined reconstruction cost of $2.1 billion, according to CoreLogic. Across Oklahoma, ne...
Posted: May 15, 2024
The frequency of ransomware claims in the United States between 2022-2023 jumped by a staggering 64% year over year, which was was primarily driven by an explosion in “indirect” ransomware incidents which increased by more than 415% in 2023 than i...
Posted: May 15, 2024
Specialty insurer CFC said it will be offering its admitted cyber insurance solution on Tarmika, an online quoting platform for independent agents. CFC enables agents to instantly quote and bind cyber insurance directly on the Tarmika platform, makin...
Posted: May 15, 2024
Vienna Insurance Group (VIG) is expanding its sustainability declarations for investment and underwriting, now binding for all VIG companies. Additionally, as part of the ongoing VIG 25 sustainability programme, VIG is establishing its own “...
Posted: May 15, 2024
The container ship that rammed into Baltimore’s Francis Scott Key Bridge in March lost power multiple times on both the day of the fatal accident and the day before, according to a preliminary report. The Dali, which sails under the …
Posted: May 15, 2024
In its recent survey, Global reinsurer Munich Re highlights the evolving cyber threats of companies and the persisting protection gap, necessitating the need for sufficient cyber insurance solutions to mitigate risks effectively. With a surge in c...
Posted: May 15, 2024
Hymans Robertson, a pensions and financial services consultancy, has appointed Russell Chapman to the newly created role of Head of Investment Risk Transfer. Advising DB pensions schemes on investment strategy in the run up to buy-in is a crucial...
Posted: May 15, 2024
Marsh, an international insurance broker and Marsh McLennan business, has launched its Tax Investment Default Insurance, created to enable more US clean energy investments Described as a first-of-its-kind solution, the new product was designed to...
Posted: May 15, 2024
Captives require the cooperation of a number of different individuals in order to succeed. The post From...
Posted: May 15, 2024
In its Q1 2024 results, Kuwait Reinsurance Company revealed that its net profit grew by 40% year-over-year to $13.18 million, while total assets expanded to $669.1 million. The firm’s gross written premiums in the opening quarter of 2024 wer...
Posted: May 15, 2024
MIAMI (AP) — Investigators located a boat believed to have fatally struck a 15-year-old girl off a south Florida beach and fled without stopping, while friends and family members mourned her loss. A funeral service for Ella Adler was held …
Posted: May 15, 2024
MIAMI (AP) — Investigators located a boat believed to have fatally struck a 15-year-old girl off a south Florida beach and fled without stopping, while friends and family members mourned her loss. A funeral service for Ella Adler was held …
Posted: May 15, 2024
Florida authorities this week charged four people with falsifying injuries from an auto accident and attempting to defraud three insurance companies out of personal injury protection payments. Maria Campos, Isabella Mendez, Madison Martinez, and Krys...
Posted: May 15, 2024
The property market has witnessed a shift to more relaxed circumstances as Q4 ’23 drew to a close and continued into Q1 ’24, marked by increasing competitiveness with each successive month. At the start of 2024, insurers were hesitant...
Posted: May 15, 2024
With so much data available to insurers, collecting and using it responsibly is an ever more daunting task. The post Four...
Posted: May 15, 2024
Ardonagh Specialty announced it is naming its reinsurance business Price Forbes Re. The renaming of Inver Re in London and Bermuda and Equinox Re in the US follows the simplification of Ardonagh Specialty’s multiple brands in 2023, with Price F...
Posted: May 15, 2024
Talanx Group, the parent company of Hannover Re has posted a group net income of €572 million for the first quarter of 2024, an increase of 35% compared to the prior year’s €423 million, while the firm’s overall combined ratio improved...
Posted: May 15, 2024