All Posts
In 2022, Arta raised $11 million in a round led by AXA Venture Partners.
Posted: May 02, 2024
Businesses Consider Outsourcing Gen AI Over Data Security, Privacy and Regulatory Concerns Bus...
Posted: May 02, 2024
Sentrisk uses advanced technologies such as supply chain mapping AI and geospatial satellite imaging.
Posted: May 02, 2024
Amid declining claim frequency and moderate claim severity changes, workers' compensation insurance sees a notable decrease in bureau loss costs, the NCCI reports. The post
Posted: May 02, 2024
Explaining details in coverage forms prevents confusion [W]e as agents need to do a better job of understanding the nuances of company-specific coverage forms and properly conveying those differences to our clients. By Marc McNulty, CIC, CRM Earlier...
Posted: May 02, 2024
UnitedHealth Group Inc. Chief Executive Officer Andrew Witty told lawmakers his company is still trying to determine why its computer systems were left vulnerable to hackers who perpetrated a devastating cyberattack. Lawmakers zeroed in on lax defens...
Posted: May 02, 2024
Making sure acquisitions result in the expected return Developing a detailed “snapshot” of an agency’s data … gives the seller invaluable insights into its overall culture—and whether it will be a match with the buyer’s approach to doing business. Th...
Posted: May 02, 2024
PCF Insurance Services, an insurance brokerage operating in 40 states, has acquired All Star Insurance in Venus, Texas, and Encore Advisors, based in Norcross, Georgia. Utah-based PCF said in a news release this week that the moves mark an ongoing &#...
Posted: May 02, 2024
A Houston plaintiffs’ attorney known as “Car Wreck Clyde” is awaiting court proceedings after being charged with skimming as much as $2.4 million in client settlement proceeds over the past decade, federal prosecutors said. Clyde J....
Posted: May 02, 2024
New York based alternative asset manager Third Point LLC has announced the launch of Malibu Life Reinsurance SPC (Malibu Life Re), a newly licensed life and annuity reinsurer based in the Cayman Islands. Malibu Life Re is an independent, Class B(i...
Posted: May 02, 2024
J&J Subsidiary Proposes $6.48B Payout Over 25 Years to Settle Talc Cancer Lawsuits A subsidiary of John...
Posted: May 02, 2024
Chubb Readies $350M Payout Tied to Baltimore Bridge Collapse Chubb, wh...
Posted: May 02, 2024
Verisk’s Whitespace digital e-trading platform has introduced workflow automation functionality with Digital Follow which will be trialled by a select set of customers before a wider launch in the second half of this year. Developed with underwrit...
Posted: May 02, 2024
Origami Risk, the risk, safety, and insurance Software as a Service (SaaS) technology firm, has announced that it will launch its new package of Generative AI (GenAI) solutions for risk managers at RIMS in San Diego next week, as the company urges...
Posted: May 02, 2024
The worst wildfire in Texas history was sparked by a power pole and lines owned by Xcel Energy Inc. that hadn’t been effectively maintained or replaced, according to a state legislative committee report. The pole identified as the cause of R...
Posted: May 02, 2024
Hong Kong-domiciled global reinsurer Peak Re has achieved its best-ever net profit of $200 million for the full year 2023, supported by a diversified underwriting portfolio, as well as liquid and quality investment assets, despite a host of market...
Posted: May 02, 2024
Specialist Managing General Agent (MGA), Risk Assurance Management Ltd (RAM) has partnered with Shepherds Friendly, one of Britain’s oldest mutual societies, and global re/insurer SiriusPoint, to further develop its existing portfolio of UK Group...
Posted: May 02, 2024
The Missouri Supreme Court on Tuesday took the unusual step of striking down a 2022 voter-approved constitutional amendment that required Kansas City to spend a larger percentage of its money on the police department, and ordered that the issue go &#...
Posted: May 02, 2024
When success means questions are more important than answers The characteristics of good questions include being purposeful, relevant to the subjects being discussed, clear, neutral in intent, and specific to the information desired—and, most importa...
Posted: May 02, 2024
WESTMORELAND, Kan. (AP) — One person died Tuesday when a tornado ripped through the small city of Westmoreland in northeastern Kansas, destroying houses, RVs and outbuildings, authorities said. Pottawatomie County officials said on Facebook that a to...
Posted: May 02, 2024
Marsh McLennan Agency, a subsidiary of Marsh, has acquired AC Risk Management (ACRM), an independent commercial lines brokerage based in Melville, New York. Established in 2012, ACRM essentially offers property & casualty insurance to business...
Posted: May 02, 2024
The 7 eagle qualities that help agency leaders reach new heights [T]urbulence lifts (eagles) higher, ultimately allowing them to conserve energy once they’re above the storm. By Brent Kelly When you think of the eagle—our national symbol of courage,...
Posted: May 02, 2024
TALLAHASSEE, Fla. (AP) — Florida, perhaps the most vulnerable state to sea-level rise and extreme weather, is on the verge of repealing what’s left of a 16-year-old law that lists climate change as a priority when making energy policy decisions...
Posted: May 02, 2024
Janover, an AI-enabled platform for commercial real estate transactions, has announced the launch of Janover Insurance, its new insurtech subsidiary for commercial property insurance and more. Blake Janover, Chairman, and CEO of Janover Inc., stat...
Posted: May 02, 2024
Janover, an AI-enabled platform for commercial real estate transactions, has announced the launch of Janover Insurance, its new insurtech subsidiary for commercial property insurance and more. Blake Janover, Chairman, and CEO of Janover Inc., stat...
Posted: May 02, 2024
Warren Buffett’s PacifiCorp Now Faces $30B Claim Demand in Oregon Wildfires Berkshire Hathaway Inc.'s Pacifi...
Posted: May 02, 2024
Prudential to Wind Down Direct-to-Consumer Assurance Business Less than five years after acquiring online...
Posted: May 02, 2024
Personal Auto Insurance Competition Heating Up, Root Execs Say Personal lines InsurTech Root repo...
Posted: May 02, 2024
Travelers has responded to Zywave's lawsuit by primarily denying the claims.
Posted: May 02, 2024
Jeff Poulin, CEO of Canada Life Re, has revealed that the reinsurer delivered 22% of Great-West Lifeco’s base earnings in Q1 of 2024, which exceeded $1 billion for the first time. According to the firm, this record figure reflects growth in...
Posted: May 02, 2024
Chubb, which had insured Baltimore’s Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to the collapsing of the bridge in March. The payment …
Posted: May 02, 2024
Resilience announced new integrated capabilities that enable enterprises to continuously monitor and prioritize their mitigation and transfer of cyber risk. Following the launch of Technology Errors and Omissions (E&O) coverage earlier this year,...
Posted: May 02, 2024
Resilience, a cyber risk management firm, enhances its Essential Solution for Cyber Insurance and Edge Solution for Cyber Risk Management by integrating two new features that empower clients to consistently monitor and prioritise their efforts in...
Posted: May 02, 2024
As per ACORD’s Carrier Mergers & Acquisitions study, only 52% of last decade’s largest M&A transactions created long-term value The firm’s new study, set to be officially presented at ACORD Industry First on May 21st, scr...
Posted: May 02, 2024
The city of Newark is asking a federal court to dismiss negligence and wrongful death claims against it by the families of two firefighters who died last July while battling a fire on a cargo ship, The city maintains that …
Posted: May 02, 2024
Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday. Some estimates for the tota...
Posted: May 02, 2024
Skyward Specialty Insurance Group, Inc. has announced its financial results for the first quarter of 2024 reporting a net income of $36.8 million and an improved combined ratio of 89.6%. The increase in Q1 2024’s net income compares to the $15.6 m...
Posted: May 02, 2024
This edition of International People Moves details appointments at global specialty re/insurers Canopius and MS Amlin. A summary of these new hires follows here. Canopius Hires CUO and CFO in Bermuda From Validus and AXA XL Canopius, the global speci...
Posted: May 02, 2024
Aon, a global insurance and reinsurance broker, has introduced Cedar, a new cyber solutions product aimed at providing long-term stability and support for mid-market clients globally. Cedar is underwritten by Aon Underwriting Managers and a team o...
Posted: May 02, 2024
The Allstate Corporation has posted a net income of $1.2 billion in the first quarter of 2024, a substantial improvement from last year’s net loss of $346 million, as Property-Liability underwriting results improved. At the same time, adjust...
Posted: May 02, 2024
MS Reinsurance, the reinsurance subsidiary of MS&AD Insurance Group Holdings, has received rating upgrades from AM Best and S&P Global Ratings. On April 26, 2024, AM Best announced it had upgraded the company’s financial strength rating...
Posted: May 02, 2024
Private flood insurance company Neptune Flood has acquired Charles River Data, a renowned Boston-based data science consulting group, marking a significant milestone in the company’s growth strategy. According to the announcement, this strategic m...
Posted: May 02, 2024
Specialist fixed income investment manager Insight Investment has made three senior hires within its North America Distribution team, naming Ryan McMurdie as Director, Insurance Solutions, Sarah Leffel as Associate Director, Institutional, and Ann...
Posted: May 02, 2024
Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, announced it has acquired Scottish insurance broker, WH&R McCartney. Based in Motherwell and led by Graeme Robb and Alan Kirkwood, WH&R McCartney is a general...
Posted: May 02, 2024
Global fintech company Acrisure has announced the acquisition of Scottish insurance broker WH&R McCartney, representing the formation of Acrisure Scotland platform and marking the firm’s growth strategy in the region. Based in Motherwell, WH&#...
Posted: May 02, 2024
Selective Insurance Group has reported $1.16 billion in net premiums written (NPW) for the first quarter of 2023, marking a notable 16% increase, equivalent to $157 million, compared to the first quarter of 2023. For Q1, Standard Commercial Lines...
Posted: May 02, 2024