All Posts
15 Injured in Tram Collision With Guardrail at L.A. Theme Park More than a dozen people suffered mostly...
Posted: Apr 23, 2024
Large Number of Americans’ Data Stolen in UnitedHealth Hack UnitedHealth Group said on Mond...
Posted: Apr 23, 2024
IBHS: Virginia Edges Florida Out of First Place in Building Code Adoption In a newly rel...
Posted: Apr 23, 2024
With natural disasters being on the rise across developing states in Asia, the implementation of parametric insurance and reinsurance appears to be a natural fit for the region, according to Tom Johansmeyer, Global Head of Index Classes, Inver Re....
Posted: Apr 23, 2024
The city of Baltimore is fighting the attempt by the owner and operator of the cargo ship Dali that crashed into the Francis Scott Key Bridge to limit their liability under maritime law. “In no way should their liability be …
Posted: Apr 23, 2024
Hymans Robertson has revealed that the total value of buy-in and buy-out deals completed in the second half of 2023 was just under £28 billion, which means that the total for the year to 31 December 2023 was £49.1 billion, setting an all-time high...
Posted: Apr 23, 2024
Pregnant employees have the right to a wide range of accommodations under new federal regulations for enforcing the Pregnant Workers Fairness Act that supporters say could change workplace culture for millions of people. The Equal Employment Opportun...
Posted: Apr 23, 2024
Cayman Islands-based reinsurer Topsail Re has hired Ginny Inscore as a Reinsurance Accountant. Overall, she brings 18 years of industry expertise working in the reinsurance field as an Assistant Vice President at Willis Re Inc., towards her new ro...
Posted: Apr 23, 2024
As time passes after hurricanes, new analysis by Stanford University researchers shows perception of personal risk, including the likelihood of injury and home damage, decline. The findings suggest that programs and policies that aid households to th...
Posted: Apr 23, 2024
At the IIF 2024 – ESG in Insurance Conference, Petra Hielkema, Chairperson of the European Insurance and Occupational Pensions Authority, emphasised insurers’ pivotal role in combating climate change by educating society, factoring in risks,...
Posted: Apr 23, 2024
Chubb Gets Its Paws on Pet Insurance MGA Chubb announced a definitive agreement...
Posted: Apr 23, 2024
Fitch: U.S. Cyber Insurers Saw Strong Profits, Slowdown in Premi...
Posted: Apr 23, 2024
The Federal Emergency Management Agency has granted the city of Cape Coral a 30-day extension to provide more information on rebuilding in the area after Hurricane Ian. The announcement came Monday, three weeks after FEMA notified local officials in...
Posted: Apr 23, 2024
Lawyers for former President Donald Trump and the New York attorney general on Monday agreed to changes in the terms of the $175 million surety bond Trump secured with Knight Specialty Insurance Co. (KSIC). Attorney General Letitia James had objected...
Posted: Apr 23, 2024
Property and casualty re/insurer W. R. Berkley Corporation has reported a Q1 2024 combined ratio of 88.8%, including current accident year catastrophe losses of $30.5 million, leading to a 31.8% rise in pre-tax underwriting income to $309 million....
Posted: Apr 23, 2024
Wildfires erupted across Canada’s main oil producing province of Alberta and an evacuation order was issued as the region braces for a repeat of last year’s unprecedented season. Members of the indigenous first nation community of Cold La...
Posted: Apr 23, 2024
The first quarter of 2024 was the slowest for insurance agency mergers and acquisitions since the middle of the pandemic, according to investment banking and financial firm OPTIS Partners. OPTIS Partners’ M&A database counted 155 announced...
Posted: Apr 23, 2024
SAVANNAH, Ga. (AP) — Coastal Georgia’s largest city will require guns left in empty vehicles be securely stored, an effort that Savannah Mayor Van Johnson says is meant to cut down on gun thefts from unlocked cars. “We are not …
Posted: Apr 23, 2024
Munich Re Life US, part of Munich Re Group, and Clareto, a Munich Re company, have unveiled a new digital solution called Automated EHR Summarizer, which is set to ensure efficient and accurate use of Electronic Health Record (EHR) data for automa...
Posted: Apr 23, 2024
Cloud-native insurance software is the future, offering an advantage for providers via flexibility, scalability, and enhanced customer experience.
Posted: Apr 23, 2024
Insurance Business Magazine - US
Posted: Apr 23, 2024
Insurance Business Magazine - US
Posted: Apr 23, 2024
Estaly currently works with over 300 merchants and plans to launch in Spain and Italy next year.
Posted: Apr 23, 2024
In the wake of last week’s widespread hail storm that damaged homes and automobiles, the South Carolina director of insurance said that emergency rules allow out-of-state adjusters and appraisers to work claims, as long as they are licensed in...
Posted: Apr 23, 2024
Insurance brokerage firm, Brown & Brown has posted their results for the first quarter of 2024, which included net income of $293 million, increasing $57 million from the prior year period. Revenues for Q124 under US generally accepted account...
Posted: Apr 23, 2024
First quarter net income at W.R. Berkley Corp. increased about 50% compared to the same period the prior year to about $442.5 million on pretax underwriting income growth of 31.8% to $309 million. The Greenwich, Connecticut-based commercial insurer s...
Posted: Apr 23, 2024
A Delaware insurance agency has won another chance at proving a law firm was negligent in defending it in a non-compete dispute with another agency, a dispute it ended up settling for $1.2 million. The Delaware Supreme Court has reversed …
Posted: Apr 23, 2024
Liberty Mutual Reinsurance (LM Re), the reinsurance division of Liberty Mutual Insurance Group, has signed an exclusive partnership with Safehub, a technology provider in seismic sensor and risk management solutions, to offer a building-specific,...
Posted: Apr 23, 2024
MS Amlin, the Lloyd’s global re/insurer, has partnered with catastrophe risk modelling and solutions company, Moody’s RMS, as it invests in a new suite of modelling and insight solutions. Recently, the firm moved its Exposure Management team into...
Posted: Apr 23, 2024
Munich Re said it might beat its profit target for the year after first-quarter profit jumped amid benign expenditures to cover major losses and a strong investment result. Net income rose to about €2.1 billion ($2.2 billion) in the three …
Posted: Apr 23, 2024
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has announced a partnership with Safehub, a technology provider in seismic sensor and risk management solutions to offer a market-first, building-specific, sensor-based, para...
Posted: Apr 23, 2024
A new report released by Lane Clark & Peacock (LCP) has highlighted significant disruption to mortality trends in the wake of the COVID-19 pandemic and the ongoing pressures on the healthcare system. The firm has addressed the challenge that t...
Posted: Apr 23, 2024
The specialist Lloyd’s insurance and reinsurance marketplace has granted Maksure Risk Solutions, an Afro-Global independent specialist re/insurance broker, Broker Status. As a Lloyd’s broker, Maksure now has direct access to a unique pool of under...
Posted: Apr 23, 2024
Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X take down footage of an alleged terrorist attack in Sydney, and said the ruling meant any country could control “the entire ...
Posted: Apr 23, 2024
Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X take down footage of an alleged terrorist attack in Sydney, and said the ruling meant any country could control “the entire ...
Posted: Apr 23, 2024
Global reinsurer Munich Re has announced a preliminary net profit of €2.1 billion for the first quarter of 2024, as the firm highlights a better than expected operational performance across all lines of business. Munich Re will release its full Q1...
Posted: Apr 23, 2024
Following unprecedented rainfall and widespread flooding in the United Arab Emirates (UAE), concerns have arisen regarding the local insurance sector’s capacity to handle the expected surge in motor and property damage claims, according to a...
Posted: Apr 23, 2024
OKLAHOMA CITY (AP) — A man was arrested after being accused of punching an Oklahoma City bus driver and causing the bus to crash into a building. Oklahoma City police reported only minor injuries stemming from the Saturday wreck. Authorities …
Posted: Apr 23, 2024
Specialty Managing General Agent Nexus Group has announced the appointment of Steve Willett as Head of Development. In his new role, Willett will mainly focus on expanding Nexus’ Financial Lines team’s global footprint and broking base, in additio...
Posted: Apr 23, 2024
The heavy rains that flooded Dubai last week halted air traffic, damaged buildings and streets — and left climate experts and common citizens asking whether one of the world’s hottest and driest cities should be better prepared for extreme stor...
Posted: Apr 23, 2024
RLI Corp., a specialty insurer serving property, casualty and surety markets, has reported Q1 2024 net earnings of $127.9 million, compared to $98.8 million a year earlier. The insurer has announced underwriting income of $77.7 million on a combin...
Posted: Apr 23, 2024
This post is part of a series sponsored by AgentSync. Having your head “in the clouds” might not be desirable, but storing your data “in the cloud” certainly has its benefits. As more people and companies move to cloud storage...
Posted: Apr 23, 2024
Lawmakers in Oklahoma are having second thoughts about anti-ESG legislation that limits which Wall Street banks local governments can do business with. A Republican-introduced bill that would narrow the scope of a state law that blacklisted financial...
Posted: Apr 23, 2024
The General Insurance Association of Japan (GIAJ) has released new insurance claims data for the January 1st M7.5 earthquake that hit near the Noto Peninsula in Ishikawa prefecture, revealing that the claims paid total has risen by around 22% in a...
Posted: Apr 23, 2024