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Ardonagh Specialty has announced the renaming of its reinsurance business, Inver Re, to Price Forbes Re, which will be headed by Chris Bonard as President, reporting to Ardonagh Specialty Chief Executive Officer (CEO) Andrew Wallin. The renaming o...
Posted: May 15, 2024
Global re/insurance broker Aon has announced the promotion of Vincent Flood as the firm’s new commercial risk property leader for North America. He succeeds Rick Miller, who was practice leader before his passing in April. Based in New York, Flood...
Posted: May 15, 2024
Allianz Group, a global insurer and asset manager, has reported an increase in operating profit of almost 7% to €4 billion for the first quarter of 2024, up from last year’s €3.7 billion, driven by the firm’s property and casualty business,...
Posted: May 15, 2024
Conduit Holdings Limited, the ultimate parent company of Bermuda-based reinsurer Conduit Re, has reported reinsurance revenue of $181.1 million in Q1 2024, marking a 35.1% increase over Q1 of 2023. Of this revenue figure, Conduit’s Property...
Posted: May 15, 2024
Posted: May 15, 2024
Posted: May 15, 2024
2023 results have shown that large Dutch insurers maintained a very strong level of regulatory capitalisation, according to Fitch Ratings analysts. Large insurers in the European country demonstrated very strong solvency in the period, with the he...
Posted: May 15, 2024
Popular Indian spice brand MDH, under scrutiny for alleged contamination in some products, has since 2021 seen an average 14.5% of its US shipments rejected due to the presence of bacteria, a Reuters analysis of US regulatory data found. Hong …
Posted: May 15, 2024
The Insurance Council of Australia (ICA) has announced that it has welcomed additional 2023-24 Budget funding to improve the country’s resilience against natural disasters. This includes funding to improve the National Emergency Management A...
Posted: May 15, 2024
The European Union’s securities watchdog confirmed on Tuesday final guidelines on when investment funds can label themselves as being “sustainable” without being accused of greenwashing. Trillions of dollars globally have flowed int...
Posted: May 15, 2024
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it entered the excess cyber insurance market in Australia, enabling businesses to add a layer of risk management to their cyber towers. Australian brok...
Posted: May 15, 2024
Portions of Fort McMurray, Alberta, are being evacuated as a wildfire approaches the city, the unofficial capital of Canada’s oil sands industry that almost burned to the ground during a historic blaze eight years ago. The 11,000-hectare (27,00...
Posted: May 15, 2024
The threat of a wildfire bearing down on the unofficial capital of Canada’s oil-sands industry is expected to lessen as temperatures cool and winds shift, though the prospect of rains dousing the flames entirely remains remote. The blaze near F...
Posted: May 15, 2024
The latest edition of Guidewire’s annual insurance customer attitudes study reveals a shifting view among UK customers toward the insurance industry, particularly when it comes to making claims. Titled ‘The Insurance Engagement Gap and its I...
Posted: May 15, 2024
South Africa’s main opposition party, joined by some labor and business groups, said on Tuesday it would go to court to fight a bill aimed at providing universal health coverage, which President Cyril Ramaphosa is set to sign into law …
Posted: May 15, 2024
South Africa’s President Cyril Ramaphosa signed into law on Wednesday a bill that aims to provide universal health coverage, hailing it as a major step in the journey towards a more just society although critics say they will challenge it ̷...
Posted: May 15, 2024
Two Brazilian states have asked a court to more than double the amount that miners Vale and BHP, plus a jointly owned tie-up, must pay in damages for a 2015 deadly tailings dam failure, according to a legal document seen …
Posted: May 15, 2024
The overall trend for Auto Liability and Umbrella & Excess for the second quarter of 2024 is a hardening market with rates forecasted to go up to 15%, while markets like cyber are softening with rates going down to 0%, according to CAC Special...
Posted: May 15, 2024
Britain’s Finance Ministry on Tuesday rejected a call to ban non-disclosure agreements (NDAs), which can be used to silence victims of sexual harassment and abuse, arguing that such clauses do not stop staff reporting concerns to authorities. A...
Posted: May 15, 2024
Aon, a global insurance and reinsurance broker, highlights that a significant protection gap persists for intangible assets such as artificial intelligence (AI), cyber, and intellectual property (IP). According to findings from Aon’s recent report...
Posted: May 15, 2024
According to the Insurance Research Council (IRS), the average homeowners insurance expenditure has become less affordable for U.S. consumers over time. Looking at the the years 2001 to 2021—the latest year in which relevant data is available—homeown...
Posted: May 15, 2024
According to the Insurance Research Council (IRC), the average homeowners insurance expenditure has become less affordable for U.S. consumers over time. Looking at the the years 2001 to 2021—the latest year in which relevant data is available—homeown...
Posted: May 15, 2024
Net written premium in the U.S. workers’ compensation insurance market grew by just 1% from 2022 to 2023, a far smaller percentage than most other property/casualty lines. However, the workers’ compensation line remains the most profitabl...
Posted: May 15, 2024
In the fight to ratchet down climate emissions and soothe the most dangerous effects of an overheating planet, one of the most withering setbacks in recent memory wasn’t delivered by the oil industry or coal excavators, but, rather, a group ...
Posted: May 15, 2024
A man injured when he was hit by a car while he was operating a low speed Segway electric scooter is not entitled to personal injury protection (PIP) benefits under New Jersey’s no-fault auto insurance law, the state’s Supreme Court ̷...
Posted: May 15, 2024
A jury in Philadelphia found Exxon Mobil Corp. liable for $725.5 million in damages due a former mechanic who claimed its petroleum products exposed him to benzene that caused his cancer, according to his lawyers. The jury found that the …
Posted: May 15, 2024
SageSure, one of the largest managing general underwriters (MGU) focused on catastrophe-exposed markets, has launched its first Expanded Markets surplus lines dwelling fire product for primary, secondary, tenanted, and seasonal homes. The latest E...
Posted: May 15, 2024
Hawaii lawmakers appropriated funds for more firefighting equipment and a state fire marshal after the deadliest U.S. wildfire in more than a century ripped through the historic Maui town of Lahaina and exposed shortcomings in the state’s readi...
Posted: May 15, 2024
A combination of factors, from COVID-related burnout to early retirements, are contributing to today’s medical staffing shortages. The post
Posted: May 14, 2024
A combination of factors, from COVID-related burnout to early retirements, are contributing to today’s medical staffing shortages. The post
Posted: May 14, 2024
Posted: May 14, 2024
Artificial Intelligence (AI) can guide agents and brokers to recommend policies tailored to the specific needs of small or midsize businesses, all while reforming the process for maximum efficiency.
Posted: May 14, 2024
The partnership combines technology and solutions consulting expertise to ensure operational flexibility and solid integration with core policy management systems.
Posted: May 14, 2024
Farmers Insurance says it will resume accepting new business commercial multi-peril applications for auto service & repair, habitational, manufacturing, real estate and wholesale distribution policies in California. The action follows the insurer...
Posted: May 14, 2024
Insurance Business Magazine - US
Posted: May 14, 2024
Insurance Business Magazine - US
Posted: May 14, 2024
Insurance Business Magazine - US
Posted: May 14, 2024
The companies are announcing a longevity preparedness research.
Posted: May 14, 2024
Job Seekers With AI Knowledge More Likely to Get Interviews, Higher Wa...
Posted: May 14, 2024
New Insurer EverPeak Launches, Offers Workers Compensation EverPeak Insurance, in partnership with an A-rated national carrier to provide financial backing for its policies and supported by the nationally top-rated workers' comp carrier Pinnacol Assu...
Posted: May 14, 2024
Oklahoma Governor Kevin Stitt has signed into law Monday a bill, which aims to provide financial grants to construct or retrofit homes, making them more resilient against the destructive forces of tornadoes, windstorms and hail. Under the new law, kn...
Posted: May 14, 2024
NEW ORLEANS (AP) — A teenager who video-recorded his mother’s forceful arrest by Louisiana sheriff’s deputies in 2020 has been awarded $185,000 by a federal jury in a lawsuit filed over one deputy’s attempt to interfere with the rec...
Posted: May 14, 2024