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An Interview With Jeff Heine

Insurance Thought Leadership

An Interview With Jeff Heine Agent & Broker sradomski Wed, 04/17/2024 - 14:49...

Posted: Apr 17, 2024

Allstate’s Safe Driving App Helps Drivers Reduce Chance of Collision by 25%

Carrier Management

Allstate’s Safe Driving App Helps Drivers Reduce Chance of Collision by 25% Newly releas...

Posted: Apr 17, 2024

Cat Losses Cause Travelers’ to Miss Q1 Profit Estimate

Carrier Management

Cat Losses Cause Travelers’ to Miss Q1 Profit Estimate Travelers Companies missed first-quarter profit estimates...

Posted: Apr 17, 2024

Survey: Majority of CA/FL Homeowners See Rise in Insurance Costs, Coverage Changes

Carrier Management

Survey: Majority of CA/FL Homeowners See Rise in I...

Posted: Apr 17, 2024

Texas Home Manufacturers to Pay $135K to Settle Race Discrimination Suit

Insurance Journal

Cavco Industries, Inc.; Palm Harbor Homes, Inc.; and Palm Harbor Villages, Inc., which manufacture and sell manufactured homes in Waco, Texas, will pay $135,000 to settle a race discrimination lawsuit filed by the U.S. Equal Employment Opportunity Co...

Posted: Apr 17, 2024

Kanguro Adds Renters Insurance in Texas

Insurance Journal

Kanguro Insurance, known for its AI-driven pet health insurance plans, has announced its expansion into renters insurance, starting with the Texas market. The company is actively seeking partnerships with insurance agencies and property managers whil...

Posted: Apr 17, 2024

Maryland Asks Insurers to Accommodate Those Hurt by Baltimore Bridge Collapse

Insurance Journal

Maryland’s insurance regulator is asking insurance companies to do what they can to make sure that individuals and businesses hurt by the Baltimore bridge collapse tragedy do not lose coverage due to non-payment of premium. The Maryland Insuran...

Posted: Apr 17, 2024

People Moves: Hooda Appointed to Alera Board of Directors; Powers Hires Blankenship

Insurance Journal

Hooda Appointed to Alera Group’s Board of Directors Alera Group, headquartered in Deerfield, Illinois, appointed Sheila Hooda to the company’s Board of Directors. Hooda has over 30 years of global leadership experience. She is also the CE...

Posted: Apr 17, 2024

Maryland Launches Programs to Help Port of Baltimore Businesses and Workers

Insurance Journal

Maryland Gov. Wes Moore announced last Friday the start of a program to help Port of Baltimore businesses retain employees in the aftermath of the Francis Scott Key Bridge collapse. The $12.5 million program aims to prevent layoffs while recovery &#8...

Posted: Apr 17, 2024

Undercover St. Louis Officer Beaten by Colleagues Awarded $23.5M

Insurance Journal

ST. LOUIS (AP) — A St. Louis judge on Monday awarded nearly $23.5 million to a former police officer who was beaten by colleagues while working undercover during a protest. Luther Hall was badly injured in the 2017 attack during …

Posted: Apr 17, 2024

NC Rate Bureau Wants 83% Elevation in Mobile Home Fire Rates

Insurance Journal

The North Carolina Rate Bureau has requested an 83% average rate increase for mobile home fire policies and a 50% jump for mobile home casualty policies over the next three years. The MH-F increase request is 24.9% for 2024, 21.2% …

Posted: Apr 17, 2024

The World Bank issues $420m parametric cat bond for the Government of Mexico

Reinsurance News

The World Bank has issued $420 million in catastrophe bonds for renewed disaster risk protection for the Government of Mexico. The cat bond, which will finance insurance coverage against named storm events along the Atlantic coast of Mexico and ea...

Posted: Apr 17, 2024

James River completes sale of casualty reinsurance business to Fleming

coverager

Last week, a court order required Fleming to complete the acquisition after a legal battle between the companies. 

Posted: Apr 17, 2024

MarshBerry facilitates sale of BRP’s Connected Risk Solutions to Amwins

coverager

BRP looks to focus on its core retail and MGA insurance businesses while streamlining operations.

Posted: Apr 17, 2024

Electrical Issue Found in Ship That Caused Baltimore Bridge Collapse

Carrier Management

Electrical Issue Found in Ship That Caused Baltimore Bridge Collapse Hours before leaving port, the mas...

Posted: Apr 17, 2024

Liberty Mutual strengthens global capabilities and operating model

coverager

GRS will create Liberty International Insurance.

Posted: Apr 17, 2024

Aviva backs medical care platform HealthKey

coverager

Sutter Insurance Company is a California domiciled insurance carrier.

Posted: Apr 17, 2024

Liberty Mutual reveals new International Insurance division, Phil Hobbs to lead

Reinsurance News

Liberty Mutual Insurance has announced that it has formed a new international insurance business division, set to be led by Phil Hobbs, who serves as President and Managing Director, Liberty Specialty Markets. The new division, dubbed Liberty Inte...

Posted: Apr 17, 2024

Super Election Year Boosts Risks of Political Violence

Insurance Thought Leadership

Super Election Year Boosts Risks of Political Violence Commercial Lines ClareCarroll1

Posted: Apr 17, 2024

Harnessing Industry Knowledge to Protect the World . . . Again

Insurance Thought Leadership

Harnessing Industry Knowledge to Protect the World . . . Again Resilience & Sustainability Clare...

Posted: Apr 17, 2024

Data Modernization in Insurance (Part 2)

Insurance Thought Leadership

Data Modernization in Insurance (Part 2) Data Analytics ClareCarroll1 Wed, 04/17/2024...

Posted: Apr 17, 2024

High number of cargo claims anticipated from stuck vessels following Baltimore bridge collapse

Reinsurance News

The build-up of stuck vessels following the Francis Scott Key Bridge collapse will likely give rise to substantial cargo claims, according to Nick Evans, Insurwave’s Head of Product. For those in need of a refresher, on March 26th 2024, the contai...

Posted: Apr 17, 2024

Zurich, Philadelphia, Others Ordered to Pay $345M to Cover Abuse Charges at Ga. School

Insurance Journal

Five insurance companies have been ordered to pay $345 million to cover damages awarded to 20 men who said they were victims of sexual abuse at a prestigious boarding school in Georgia in the 1970s and 1980s. Floyd County Superior …

Posted: Apr 17, 2024

Zurich, Penn, Others Ordered to Pay $345M to Cover Abuse Charges at Ga. School

Insurance Journal

Five insurance companies have been ordered to pay $345 million to cover damages awarded to 20 men who said they were victims of sexual abuse at a prestigious boarding school in Georgia in the 1970s and 1980s. Floyd County Superior …

Posted: Apr 17, 2024

Zurich, Penn, Others Ordered to Pay $345M to Cover Abuse Charges at Georgia School

Insurance Journal

Five insurance companies have been ordered to pay $345 million to cover damages awarded to 20 men who said they were victims of sexual abuse at a prestigious boarding school in Georgia in the 1970s and 1980s. Floyd County Superior …

Posted: Apr 17, 2024

U.S. Cyber Insurance Profits Strong, But Premium Growth Stagnates

Risk & Insurance

Despite robust underwriting profits, U.S. cyber insurance market faces stagnation in premium volume due to pricing pressure and evolving cyber risk landscape, according to Fitch Ratings. The post

Posted: Apr 17, 2024

Ageas Re to further diversify portfolio with opportunities in Casualty space

Reinsurance News

Following the response Ageas Re received from the market in its inaugural year of operation, the company is now looking to expand its portfolio with opportunities in the Casualty space. Ageas stated: “As a key engine for future growth Ageas Re rem...

Posted: Apr 17, 2024

Zuckerberg Avoids Personal Liability in Meta Addiction Suits

Carrier Management

Zuckerberg Avoids Personal Liability in Meta Addiction Suits Mark Zuckerberg won his bid...

Posted: Apr 17, 2024

Parametric Insurer FloodFlash Adds Business Interruption

Carrier Management

Parametric Insurer FloodFlash Adds Business Interruption Ahead of the 2024 Atlant...

Posted: Apr 17, 2024

Maui Fire Officials Defend Response to Deadly Lahaina Blaze

Insurance Journal

Maui Fire Department officials defended their initial response to what became the deadliest fire in Hawaii history, saying they stayed at the scene of the Aug. 8 blaze until it was fully extinguished. The officials commented at a press conference &#8...

Posted: Apr 17, 2024

ICEYE raises oversubscribed $93 million growth funding round

Reinsurance News

ICEYE, the global provider of satellite-powered disaster management solutions, has signed a definitive agreement for an oversubscribed $93 million growth funding round, led by Solidium Oy. The firm aims to use the funds raised to further accelerat...

Posted: Apr 17, 2024

European insurers’ CFOs maintain cautious profit optimism amid challenges: Moody’s

Reinsurance News

Moody’s Investors Service analysts highlight that chief financial officers (CFOs) from leading European insurers maintain a cautious sense of optimism regarding profitability, despite facing challenges such as sluggish economic growth and increase...

Posted: Apr 17, 2024

DUAL Europe acquires Marine team from Swiss Re

coverager

Acquisition makes DUAL a major player in this key sector.

Posted: Apr 17, 2024

Sunlight Solutions launches AI Assist

coverager

AI Assist can increase worker efficiency and generate actionable insights to empower insurance professionals of all kinds.

Posted: Apr 17, 2024

Open GI acquires HUG HUB’s Digital Platform

coverager

Hug Hub, a customer-centric insurance technology platform, was launched in 2014 and backed by Verisk.

Posted: Apr 17, 2024

MassMutual partners with Insurify

coverager

MassMutual is an investor in Insurify through MassMutual Ventures. 

Posted: Apr 17, 2024