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New Atlantic Hurricane Forecast Calls for 3...
Posted: Apr 25, 2024
According to Chubb CEO Evan G. Greenberg, the insurance industry’s underwriting practices for a number of financial lines are “simply dumb.” In a call with analysts to discuss Chubb’s earnings for the first quarter, Greenberg...
Posted: Apr 25, 2024
US primary holding company Donegal Group has reported a 6.0% increase in net premiums written (NPW) for the first quarter of 2024, reaching $251.4 million, compared to $237.3 million from the prior year quarter. The firm explained that the $14.1 m...
Posted: Apr 25, 2024
A man that South Carolina authorities have called a ringleader of an insurance fraud ring, who once recruited accomplices while he was in prison, has pleaded guilty to staging accidents and defrauding insurers of more than half a million dollars. ...
Posted: Apr 25, 2024
As cybercrime claims activity rises, Coalition's report emphasizes the critical role of robust cybersecurity measures. The post
Posted: Apr 25, 2024
The tale of how those who love the insurance industry are helping it fill its (occasionally self-created) talent gap.
Posted: Apr 25, 2024
Inspection Support Network, a SaaS solution for inspectors offering easy-to-use tools, processed approximately 40% of all U.S. home inspections in 2023 alongside other Porch inspection brands.
Posted: Apr 25, 2024
Juniper Re will leverage ICEYE's flood and wildfire insights data.
Posted: Apr 25, 2024
Great American Insurance Group has unveiled the formation of a dedicated embedded insurance team, which builds upon the company’s 20 years of experience offering embedded insurance products, set to be led by Chris Banocy, Divisional Senior V...
Posted: Apr 25, 2024
What to do as your emotions run the gamut [I]f your new organization is competent, someone is working to get you the answers you want and need. Bear in mind, the reality may be that there are no definitive answers that can be given and your superio...
Posted: Apr 25, 2024
Marsh, the insurance broking division of Marsh McLennan, has established a new unit which combines its expertise and strategy in parametrics, alternative risk transfer, captives, and complex risk under a single practice, called Global Alternative...
Posted: Apr 25, 2024
Sapiens International Corporation, a global provider of software solutions for the insurance sector, has launched its latest version of Sapiens ReinsuranceMaster. According to the announcement, this latest version enhances operational efficiency,...
Posted: Apr 25, 2024
EPA Designates PFAS Chemicals as Superfund Hazardous Substances The U.S. Environmental P...
Posted: Apr 25, 2024
Global Insurance Prices Continue Moderating as Rates...
Posted: Apr 25, 2024
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported that premiums, which include the reinsurance and Global Risks businesses, are up 7%, in the first quarter of 2024, reaching nearly €2.2 billion. At the same time,...
Posted: Apr 25, 2024
MAPFRE RE, the reinsurance arm of Madrid-headquartered insurer MAPFRE, has reported that premiums, which include the reinsurance and Global Risks businesses, are up 7% in the first quarter of 2024, reaching nearly €2.2 billion. At the same time, t...
Posted: Apr 25, 2024
Insurance industry losses from US severe weather events have already surpassed $10 billion for this year, with the toll for many events still being calculated. However, forecasts for the coming days and weeks could wind up taking the toll on par w...
Posted: Apr 25, 2024
A Connecticut employer lost its right to contest a workers’ compensation claim because although it mailed its notice to the workers’ compensation law judge within the 28 day statutory period, the judge did not receive the notice by the 28...
Posted: Apr 25, 2024
Sources have told Reuters that Russian National Reinsurance, the country’s state-owned reinsurer, has given financial backing to three insurers, enabling the Russian carriers to seek Indian approval to provide marine cover to tankers. The ne...
Posted: Apr 25, 2024
The Forum for Insurance Transition to Net Zero (FIT) has been announced by the United Nations Environment Programme (UNEP), which reportedly considers the experience gained with the Net-Zero Insurance Alliance (NZIA), which has been discontinued f...
Posted: Apr 25, 2024
Chamber of Commerce Sues to Block FTC’s Non-Compete Ban Business groups...
Posted: Apr 25, 2024
Zurich NA Names Higginbotham Head of Professional Liability & Cyber Zurich North America, headquartered in Schaumburg, Illinois, has named Kara Higginbotham as head of professional liability and cyber for U.S. national accounts, leading a team of...
Posted: Apr 25, 2024
Tokio Marine HCC has selected Akur8’s Core Platform Solution to fuel innovation and to build high-performing pricing models, produce analytics and report with ease for powerful insights, and facilitate knowledge sharing across entities. Akur8 buil...
Posted: Apr 25, 2024
Global insurance broker WTW has announced 5% organic revenue growth to more than $2.34 billion for the first quarter of 2024, although Group net income fell by 6% year-on-year to $194 million. Alongside the slight dip in net income, WTW has report...
Posted: Apr 25, 2024
Insurance Business Magazine - US
Posted: Apr 25, 2024
Lockton, an independent insurance broker, has recently announced two senior promotions within its Crisis Management team: Helen Sandford as Head of Special Crime and Freddie Schlesinger as Head of Product Recall and Reputational Risk. In their new...
Posted: Apr 25, 2024
This post is part of a series sponsored by AgentSync. It’s not a secret. Insurance has a talent crisis. Not that people who work in insurance aren’t talented – whooooo boy. But that there aren’t enough people who stick around, ̷...
Posted: Apr 25, 2024
Goosehead Insurance, Inc., an independent personal lines insurance agency, has posted a net income of $1.8 million in their results for the first quarter of 2024, compared to a net loss of $0.2 million from the prior year period. At the same time,...
Posted: Apr 25, 2024
A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has relaunched with a new name and weaker membership requirements in response to companies fleeing over allegations of collusion by Republican politicians...
Posted: Apr 25, 2024
Lockton, the independent insurance broker, announced two key senior promotions within its Crisis Management team in London. Helen Sandford has been appointed as head of Special Crime, and Freddie Schlesinger has been appointed head of Product Recall...
Posted: Apr 25, 2024
R&Q Insurance Holdings has announced that it has entered into a lock-up agreement with several parties relating to debt restructuring and a number of other issues, as it seeks their approval to sell Accredited to Onex Corporation’s Onex Partne...
Posted: Apr 25, 2024
ICEYE, a provider of satellite-powered disaster management solutions, has announced a multi-year flood and wildfire data collaboration with Juniper Re, the reinsurance broking arm and an indirect subsidiary of BRP Group, Inc. Juniper Re will lever...
Posted: Apr 25, 2024
Hiscox Re & ILS and Ariel Re have launched CyberShock, a new cyber catastrophe consortium designed to improve certainty of coverage in the cyber insurance space. This new consortium will offer up to USD 50 million of per-programme capacity pro...
Posted: Apr 25, 2024
Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the launch of CyberShock, a cyber catastrophe consortium. The CyberShock consortium is designed to offer up to US$50 million...
Posted: Apr 25, 2024
Global insurer AIG recently appointed Gero Michel, previously Group Chief Risk Officer (CRO) of AIG Re, as its Head of Underwriting Analytics based in Bermuda. Michel has been with AIG since early 2020, when he joined the firm’s reinsurance...
Posted: Apr 25, 2024
Insurance Business Magazine - US
Posted: Apr 25, 2024
Posted: Apr 25, 2024
Posted: Apr 25, 2024
Citigroup Inc. Chief Executive Officer Jane Fraser warned that there’s a risk to the growing number of insurers piling funds into direct lending opportunities. It’s one of many risks tied to the rise of the private credit industry that Fr...
Posted: Apr 25, 2024
Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by China’s Fosun International Ltd., said it’s planning to carry out an initial public offering in 2025. That share sale would take place after Fidelidade completes a pla...
Posted: Apr 25, 2024
The property insurance market in hurricane-prone Louisiana faces escalating challenges due to rising premiums and the expenses of claims following severe weather events, according to analysts at Moody’s Investors Service. Moody’s recent report hig...
Posted: Apr 25, 2024
The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of damage. The country may take out climate insurance or establish a contingency fund to deal with &#...
Posted: Apr 25, 2024
Susan Morisato has joined Sentry’s Board of Directors. Sentry is headquartered in Steven’s Point, Wisconsin. Morisato, based in Des Plaines, Illinois, brings over 30 years of health insurance experience to Sentry’s board. She is a f...
Posted: Apr 25, 2024