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Self-Driving Cars Could Lead to Changes in Traffic Lights As cars and trucks get smarter and more conne...
Posted: May 13, 2024
Roamly Weather by Sensible will allow guests to add a weather guarantee.
Posted: May 13, 2024
NICB: Imports, Sedans Top List of Most Stolen Vehicles in the U.S. Imported Kia and...
Posted: May 13, 2024
Bowhead Specialty is a specialty insurance company providing casualty and professional liability products.
Posted: May 13, 2024
The new offering provides services to both startups and established MGAs.
Posted: May 13, 2024
To increase resilience, both adaptation and mitigation are needed in Latin America as insurance alone cannot help protect the region from disruption caused by severe weather events brought by El Niño and La Niña, which will also test the long-stan...
Posted: May 13, 2024
The Biden administration said on Friday it will provide nearly $200 million to fight the spread of avian flu among dairy cows, in the government’s latest bid to contain outbreaks that have fueled concerns about human infections with the H5N1 &#...
Posted: May 13, 2024
ICEYE, a provider of satellite-powered disaster management solutions, has launched a high-resolution Flood Early Warning and ongoing customer pilots of Flood Rapid Impact solutions for the UK insurance market. The company’s Flood Early Warni...
Posted: May 13, 2024
Uber Technologies and Lyft are set to face trial on Monday in a U.S. lawsuit by Massachusetts’ attorney general alleging the ride-share companies misclassified their drivers as independent contractors rather than more costly employees. The non-...
Posted: May 13, 2024
In the April 2024 results of the Ivans Index, year over year, Commercial Auto, Business Owner’s Policy (BOP), General Liability, Commercial Property and Umbrella each experienced increasing average premium renewal rates, while premium renewal rate...
Posted: May 13, 2024
Multi-line specialty Managing General Agency (MGA), Paragon Insurance Holdings LLC has expanded its use of Kalepa’s AI-powered Copilot underwriting platform to four additional programs. Kalepa’s Copilot will now support Paragon’s underwriter...
Posted: May 13, 2024
Marathon Strategies' analysis details the increase in nuclear verdicts in 2023 and delves into factors driving these multi-million dollar jury awards. The post
Posted: May 13, 2024
Approximately 700 preliminary tornado reports have been filed so far in 2024, above the historical average for this time of year, according to AccuWeather Global Weather Center. The roughly 700 preliminary tornado reports through May 9 is above the h...
Posted: May 13, 2024
A recent analysis by credit rating agency S&P Global Ratings has revealed that new cyber insurance capacity is increasingly matching fast-growing demand, particularly within the United States, and greater competition is said to be leading to d...
Posted: May 13, 2024
Liberty Mutual Posts $1.5B Net Income for Q1, Reversing Loss Liberty Mutual Holding Company on T...
Posted: May 13, 2024
Nuclear Verdicts Surge to $14.5 Billion in 2023: Report Nuclear verdicts of at least $10 million reached a 15-ye...
Posted: May 13, 2024
Responding to an employer’s report that a worker needed hospitalization after being struck by a semi-tractor-trailer and suffering severe injuries at a Fremont, Nebraska grain yard, federal workplace safety inspectors identified 23 violations b...
Posted: May 13, 2024
NEW ORLEANS (AP) — Louisiana’s Supreme Court agreed Friday to reconsider its recent ruling that wiped out a state law giving adult victims of childhood sexual abuse a renewed opportunity to file damage lawsuits. The law was passed by the …...
Posted: May 13, 2024
Arthur J. Gallagher & Co. announced the acquisition of Cedar Rapids, Iowa-based Acumen Advisors, Inc. Terms of the transaction were not disclosed. Acumen is an employee benefits consultant serving small and mid-size businesses throughout Iowa. An...
Posted: May 13, 2024
Bowhead Specialty, a provider of casualty and professional liability products, has announced the launch of the initial public offering (IPO) of 6,666,667 shares of its common stock, aiming to raise as much as $106.6 million. The IPO price, accordi...
Posted: May 13, 2024
SAINT PETERSBURG, Fla. (AP) — American Coastal Insurance Corp. (ACIC) on Thursday reported first-quarter earnings of $23.6 million. The Saint Petersburg, Florida-based company, the rebranding of part of now-insolvent United Property & Casualty In...
Posted: May 13, 2024
American Coastal Insurance Corp. (ACIC) has agreed to sell its subsidiary Interboro Insurance Co., a New York domiciled insurer, to Forza Insurance Holdings, a Houston-based firm that funds insurance organizations serving coastal property owners. For...
Posted: May 13, 2024
Over the last decade, the severity of losses in various lines of casualty insurance in the United States has outpaced economic inflation. This trend indicates that additional factors are at play, affecting the costs of claims for both indemnity an...
Posted: May 13, 2024
Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are influencing claims costs for indemnity and expense payments, according to a new AM Best report. Accord...
Posted: May 13, 2024
A driver going the wrong way on Connecticut’s Merritt Parkway crashed head-on into a minivan early Thursday, killing all four people in the vehicles and closing one side of the highway for nearly seven hours, state police said. State police ...
Posted: May 13, 2024
SANFORD, Fla. (AP) — With the start of hurricane season less than a month away, U.S. officials who predict, prepare for and respond to natural disasters had a message for Floridians on Friday: It’s not a matter of if a …
Posted: May 13, 2024
Home insurance premiums in the UK increased by 3% in the first quarter of 2024. Despite this uptick, prices remain below historic highs, according to data from the Association of British Insurers (ABI). Home insurance premiums increased by 3% in t...
Posted: May 13, 2024
Two confirmed tornadoes and storms packing hurricane-force winds killed at least one woman Friday in Florida as a week of deadly severe weather continued in the South, where uprooted trees crashed onto homes and knocked out electricity to thousands i...
Posted: May 13, 2024
Insurer Bowhead Specialty is targeting a valuation of about $491 million in its initial public offering in the United States, as it joins a slew of companies preparing to list amid a rebound in the capital markets. The company is …
Posted: May 13, 2024
India’s ship certification agency has withdrawn safety cover issued to Russian oil tankers that have been placed under U.S. sanctions, according to its website, with the vessels instead turning to a domestic provider. Major insurers and ship en...
Posted: May 13, 2024
Insurance broker WTW has formed a partnership with Riskonnect to pilot an analytical delivery tool that connects claims and exposure data through its new offering WTW Risk IQ API (application programming interface). The collaboration between Riskonne...
Posted: May 13, 2024
The International Underwriting Association (IUA) has strengthened its Board with the appointment of senior London market veteran Luis Prato, who will join at its next meeting in July. The board, which comprises of 20 senior member representatives,...
Posted: May 13, 2024
Insurance Business Magazine - US
Posted: May 13, 2024
This edition of International People Moves details appointments at Tokio Marine HCC – Specialty Group and The London P&I Club. A summary of these new hires follows here. Tokio Marine HCC Expands Product Recall Offering With 2 Hires From AXA...
Posted: May 13, 2024
Global managing general underwriter Victor has entered into an agreement with Berkshire Hathaway Specialty Insurance (BHSI) to expand coverage capacity for its US builders risk and contractors equipment offerings, effective immediately. As part of...
Posted: May 13, 2024
Applied Systems has reached record commercial lines eTrading growth in the 12 months to March 2024, which has been heavily supported by accelerated take-up of its Applied Epic broker management platform and expansion into new markets. Throughout t...
Posted: May 13, 2024
Employee-owned manufacturer Carris Reels found a place to form its captive in its home state of Vermont — making it a rare gem for the domicile. The post
Posted: May 13, 2024
Global advisory, broking and solutions firm WTW has partnered with Ukrainian insurer, VUSO, to provide a London market-backed facility covering cargo and war-on-land risks. As per WTW, this market-first facility offers “much-needed certainty...
Posted: May 13, 2024
A Russian court on Monday suspended the corporate rights of the Cyprus-registered holding companies of private lender Alfa Bank and its insurance arm Alfastrakhovanie, according to a court filing. The finance ministry earlier said that “anti-Ru...
Posted: May 13, 2024
PoloWorks, a Lloyd’s and London Market insurance services business, announced the launch of Polo MGA – a managing general agent (MGA) incubator. This new offering provides services to both startup and established MGAs ranging from support with...
Posted: May 13, 2024
Allianz Commercial and the Aventum Group’s international re/insurance MGA Rokstone have announced a new collaboration for a $10 million facility to write marine cargo business worldwide. This new collaboration will reportedly broaden Allianz’s who...
Posted: May 13, 2024
The 2024 Class of Rising Stars is here, and its graduating members are showing what it means to be a Power Broker during times of change and unpredictability. The post
Posted: May 13, 2024
PoloWorks, a Lloyd’s and London Market insurance services business, has announced the launch of Polo MGA, a new Managing General Agent (MGA) incubator. The new offering was created to provide services to both start-up and established MGAs ranging...
Posted: May 13, 2024
The south of Brazil is preparing for the arrival of new rains and colder temperatures that threaten to deepen a crisis created by the historic floods that have deluged the region. As much as 300 millimeters (11.8 inches) of rain …
Posted: May 13, 2024