All Posts
Injury Rates at SpaceX Exceed Industry Average for Second Year Injury rates at SpaceX facilities continued to exc...
Posted: Apr 24, 2024
Daylight Savings Time a Mixe...
Posted: Apr 24, 2024
Posted: Apr 24, 2024
Posted: Apr 24, 2024
Latin Re, a Brazilian reinsurance broker, has acquired a license for the advanced risk management software RiskExplorer, developed by Ultimate Risk Solutions (URS). This marks a milestone in the sector, establishing Latin Re as the first Brazilian...
Posted: Apr 24, 2024
Kairos Risk Solutions, a Singapore-based boutique insurance solutions consultancy, has announced the appointment of Stephen Lee to the position of Managing Director, Banking Solutions. With Lee’s extensive experience in banking, this strateg...
Posted: Apr 24, 2024
When it comes to observations of the excess and surplus lines market, there is a difference between the momentum of liability and property lines, said W.R. Berkley CEO W. Robert Berkley, Jr. Addressing some talk that has painted a picture …
Posted: Apr 24, 2024
Atlanta-based OakBridge Insurance Agency has continued its rapid expansion with the acquisiton of Strawn & Co., headquartered in McDonough, Georgia, south of Atlanta. Strawn is one of the Atlanta area’s oldest and largest independent insura...
Posted: Apr 24, 2024
Global climate risk coverage platform, Arbol, has announced the appointment of Deanne Nixon, a reinsurance consultant and former President and Chief Executive Officer (CEO), as Senior Advisor for Reinsurance. Nixon brings more than three decades o...
Posted: Apr 24, 2024
West Virginia law, like statutes in a number of states, allows employers to try and apportion contributions to a worker’s injury, including how much a pre-existing condition may have played a role. The employer/insurer holds the burden of proof...
Posted: Apr 24, 2024
Pension Insurance Corporation plc (PIC) has launched a streamlined service called Mosaic, for small pension schemes looking to complete a buyout. According to the announcement, Mosaic will offer price monitoring as well as standard processes and c...
Posted: Apr 24, 2024
Business groups led by the US Chamber of Commerce sued the Federal Trade Commission Wednesday seeking to block a rule finalized this week that would outlaw non-compete provisions that prohibit workers from switching jobs within an industry. In a comp...
Posted: Apr 24, 2024
Lockton Re, the global reinsurance arm of the privately held independent insurance broker, has highlighted how a large cyber catastrophe event could have its benefits by pushing the market to work collaboratively and drive innovation and product d...
Posted: Apr 24, 2024
FTC Issues Worker Non-Compete Ban as Chamber Lawsuit Looms The U.S. Federal Trade Commissi...
Posted: Apr 24, 2024
Munich Re Specialty Launches FAIR Plan Commercial Wrap P...
Posted: Apr 24, 2024
Once Praised, Settlement to Help BP Oil Spill Workers Leaves Most With Nearly Nothing When a de...
Posted: Apr 24, 2024
Swiss Re reports that the U.S. P&C insurance market is seeing improved results, but commercial lines faces pressure to boost margins. The post
Posted: Apr 24, 2024
Alexander Roth has joined Howden Re International from legacy acquirer DARAG as Managing Director, Head of Capital and Operational Solutions Europe, effective May 1st, 2024. In his new role with the reinsurance broker, Roth will focus on retroacti...
Posted: Apr 24, 2024
Researchers at Florida Atlantic University are using a $1.3 million grant to see if huge blobs of seaweed can be harvested to help mitigate the economic impact on Florida beaches. The FAU Harbor Beach Oceanographic Institute this month announced the...
Posted: Apr 24, 2024
District of Columbia Attorney General Brian L. Schwalb last week announced a resolution of his office’s lawsuit against the National Rifle Association (NRA) and the NRA Foundation that alleges misuse of nonprofit funds and other violations of t...
Posted: Apr 24, 2024
A lawyer for the military contractor being sued by three survivors of the notorious Abu Ghraib prison in Iraq told jurors Monday that the plaintiffs are suing the wrong people. “If you believe they were abused … tell them to …
Posted: Apr 24, 2024
Geo-coding and property intelligence expert, Addresscloud, has partnered with flood specialist JBA Risk Management to map the flood risk of over 280 million buildings across mainland Europe. With this new service, insurers, reinsurers, and brokers...
Posted: Apr 24, 2024
New Hampshire is getting a $20 million federal grant to help reconstruct coastal seawalls eroded by storms and flooding and received a disaster aid declaration to recuperate costs from a storm in January, officials said Monday. The grant, announced b...
Posted: Apr 24, 2024
Global commercial insurance rates increased by 1% on average in the first quarter of 2024, compared with a 2% increase in Q4 2023, according to the Global Insurance Market Index published by Marsh, the insurance brokerage business of Marsh McLennan....
Posted: Apr 24, 2024
In its latest US Life & Health Insurance update, Moody’s analysts have highlighted improving capital risks transparency as regulators top priority as well as their concern regarding the increase in the use of offshore reinsurance by life insur...
Posted: Apr 24, 2024
DeNexus, a provider of cyber risk modelling solutions, has recently appointed industry veteran Isabelle Dumont as its new Chief Marketing Officer. In her new role, Dumont will lead the company’s global marketing initiatives, focusing on enha...
Posted: Apr 24, 2024
The insurance industry must use structured data and automation to address the issues derived from increasing incidents like extreme weather, economic or geopolitical events and cybercrime, M-Files highlights. In recent times, the world has witness...
Posted: Apr 24, 2024
Aspida, a life insurance and annuity company, has announced the appointment of two new hires, Jason Pedone as Chief Technology Officer and Derek Clinton as Director of Digital Product Management. These “strategic” new hires will play a pivotal rol...
Posted: Apr 24, 2024
Firms operating in the UK are being advised to go through any products and services around which some sort of sustainability claim has been made, to ensure they’re not in the crosshairs of a regulatory crackdown that’s due to take …
Posted: Apr 24, 2024
Global commercial insurance rates climbed 1% in the first quarter of 2024, down from the 2% increase that was seen in the fourth quarter of 2023, according to the Global Insurance Market Index released by insurance broker and risk advisor and a bu...
Posted: Apr 24, 2024
Republican senators this month introduced legislation they say would increase support for crop insurance and make higher levels of coverage more affordable to farmers. Sen. John Hoeven (R-N.D) proposed the Federal Agriculture Risk Management Enhancem...
Posted: Apr 24, 2024
Republican senators this month introduced legislation they say would increase support for crop insurance and make higher levels of coverage more affordable to farmers. Sen. John Hoeven (R-N.D) proposed the Federal Agriculture Risk Management Enhancem...
Posted: Apr 24, 2024
Republican senators this month introduced legislation they say would increase support for crop insurance and make higher levels of coverage more affordable to farmers. Sen. John Hoeven (R-N.D) proposed the Federal Agriculture Risk Management Enhancem...
Posted: Apr 24, 2024
Insurance Business Magazine - US
Posted: Apr 24, 2024
Global broker BMS Group’s reinsurance division, BMS Re, has hired John Canavan as its new Chief Operating Officer (COO) in the US, reporting to Chris Brook, Group COO, and Andrew Wheeler, President of BMS Re. Canavan is a senior reinsurance...
Posted: Apr 24, 2024
ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round. The financing will further accelerate investment in the world’s largest con...
Posted: Apr 24, 2024
Julie Briggs has been promoted to the role of vice president of Strategic Innovation and Emerging Markets and Asset Management Group Actuary, at Standard Insurance Company (The Standard). In her new role, she is expected to be responsible for the...
Posted: Apr 24, 2024
IQUW, the property and specialty re/insurer has launched FortiFI, the company’s new Financial Institutions (FI) wording featuring integrated cyber coverage, specifically tailored for US clients. According to the announcement, FortiFI will fo...
Posted: Apr 24, 2024
Specialist insurer Inigo Limited has surpassed $1 billion in gross written premium (GWP) in its third year of operation, as the company announces a significant, more than 400% rise in profit after tax of $144.5 million for the full year 2023. All...
Posted: Apr 24, 2024
CLEVELAND (AP) — Cleveland will pay $4.8 million to the family of a 13-year-old girl killed when a stolen car driven by a teenage carjacker jumped a curb during a police pursuit and struck her. The settlement attorneys for the …
Posted: Apr 24, 2024
E&S Property In Focus: Competition Up, Price Momentum Waning Dur...
Posted: Apr 24, 2024
Posted: Apr 24, 2024
Ping An Insurance’s first-quarter net profit fell 4.3%, hit by shrinking returns from property and casualty insurance as well as its asset management operations, the Chinese insurance giant reported on Tuesday. Turbulence in China’s stock...
Posted: Apr 24, 2024
Jensten is set to further scale its scheme and affinities business with the acquisition of UK broker Robert Gerrard & Co. The deal, which is subject to regulatory approval, will introduce a dedicated team of 19 professionals and an office …
Posted: Apr 24, 2024