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Europe Stands Firm Against US-Driven ESG Backlash

Insurance Journal

Steady investor demand in Europe for environmental and socially responsible investments and wide-ranging regulation are helping Europe’s finance industry withstand political pressures that have pushed some U.S. peers to backtrack on their green...

Posted: Apr 12, 2024

Ludwig Nagata to lead AXIS’ expansion into Environmental Impairment Liability

Reinsurance News

AXIS Capital, a global specialty underwriter and provider of insurance and reinsurance solutions, is expanding its suite of specialty insurance solutions in North America by launching a Canadian Environmental Impairment Liability (EIL) insurance u...

Posted: Apr 12, 2024

Climate Verdict for Swiss Women a Warning for European States, Oil Industry

Insurance Journal

Governments and companies that are lax on climate action should be worried since this week’s European human rights court ruling against the Swiss government improves the odds that other such cases could win at the top court, legal experts said....

Posted: Apr 12, 2024

Tim McDougald named President of Victor US specialty business

Reinsurance News

Managing general underwriter Victor has announced the appointment of Tim McDougald as president of its Victor US specialty underwriting business, effective immediately. In his new role, based in Boston, McDougald will be responsible for the overal...

Posted: Apr 12, 2024

Explainer: Limits on PFAS in Drinking Water Could Fuel Litigation

Insurance Journal

The U.S. Environmental Protection Agency has finalized the first federal regulations on toxic “forever chemicals” in drinking water, setting tight limits that essentially require public water systems to all but eliminate their presence in...

Posted: Apr 12, 2024

Specialty Program Group becomes first EcoClaim certified NA MGA

Reinsurance News

Specialty Program Group Canada (SPGC) has achieved EcoClaim certification, making Specialty Program Group the first MGA in North America to hold this recognition. SPGC, known best under operating brands Cansure, Beacon, and i3 Underwriting, is tak...

Posted: Apr 12, 2024

Soaring Insurance Costs Hit as US Buyers Finally Get a Break on Car Prices

Insurance Journal

A new form of sticker shock has hit American car buyers like Darin Davis. In January, when the 56-year-old Dallas real estate agent renewed the insurance on the pearly-white 2024 Cadillac XT4 that he bought just a few months earlier, …

Posted: Apr 12, 2024

CISA Says Russian Hackers Used Microsoft Access to Steal Government Emails

Insurance Journal

The U.S. Cybersecurity and Infrastructure Security Agency said Russian government-backed hackers have used their access to Microsoft’s email system to steal correspondence between officials and the tech giant, an emergency directive by the U.S....

Posted: Apr 12, 2024

SC High Court Strikes ‘Troubling’ Denial of Comp Claim, Says Can’t be Based on Stats

Insurance Journal

An employer cannot use an ergonomics report, showing that a work injury is statistically unlikely, to deny a workers’ compensation claim, the South Carolina Supreme Court said this week in an opinion that sharply questioned an appellate panel&#...

Posted: Apr 12, 2024

SC High Court Strikes ‘Troubling’ Denial of Comp Claim, Says Can’t Be Based on Stats

Insurance Journal

An employer cannot use an ergonomics report, showing that a work injury is statistically unlikely, to deny a workers’ compensation claim, the South Carolina Supreme Court said this week in an opinion that sharply questioned an appellate panel&#...

Posted: Apr 12, 2024

Mayor Says New York City Will ‘Iron Out Kinks’ in Errant Chatbot

Insurance Journal

An artificial intelligence-powered chatbot created by New York City to help small business owners is under criticism for dispensing bizarre advice that misstates local policies and advises companies to violate the law. But days after the issues were...

Posted: Apr 12, 2024

kWh Analytics, Aspen Raise Capacity for Property Insurance, Renewable Projects

Insurance Journal

kWh Analytics Inc. secured an increase in its capacity agreement with Aspen Insurance to support its property insurance offering for renewable energy projects. With this increase, kWh Analytics can underwrite up to $75 million per renewable energy pr...

Posted: Apr 12, 2024

kWh Analytics in California Raises Property Insurance and Capacity for Renewable Projects with Aspen

Insurance Journal

kWh Analytics Inc. secured an increase in its capacity agreement with Aspen Insurance to support its property insurance offering for renewable energy projects. With this increase, kWh Analytics can underwrite up to $75 million per renewable energy pr...

Posted: Apr 12, 2024

Assistant Principal Faces Criminal Charge in Case of 6-Year-Old Who Shot Teacher

Insurance Journal

A former assistant principal at a Virginia elementary school has been charged with felony child neglect more than a year after a 6-year-old boy brought a gun to class and shot his first-grade teacher. A special grand jury in Newport …

Posted: Apr 12, 2024

People Moves: SLA of California Elects New Leadership

Insurance Journal

The Surplus Line Association of California (SLA), headquartered in San Ramon, California, elected Rich Gobler of Burns and Wilcox as chair of the SLA Board of Directors. Also elected to leadership were John Washington of Arch Insurance Group as vice...

Posted: Apr 12, 2024

200 Patients Sue, Alleging Sexual Abuse, Unnecessary Exams by Boston Doctor

Insurance Journal

More than a decade ago, Kristin Fritz was struggling with pain in her spine and saw a rheumatologist recommended by her doctor at Brigham and Women’s Hospital in Boston. The visit with Dr. Derrick Todd started normally for the 37-year-old &#823...

Posted: Apr 12, 2024

More Than 200 Patients Sue, Alleging Sexual Abuse, Unnecessary Exams by Boston Doctor

Insurance Journal

More than a decade ago, Kristin Fritz was struggling with pain in her spine and saw a rheumatologist recommended by her doctor at Brigham and Women’s Hospital in Boston. The visit with Dr. Derrick Todd started normally for the 37-year-old &#823...

Posted: Apr 12, 2024

OneBefore launches travel insurance product on Aneevo’s broker platform

Reinsurance News

Specialist managing general agent (MGA) OneBefore has launched its travel insurance product, ‘Beyond Travel Insurance’ on Aneevo, the travel insurance broker distribution platform formerly known as Just Travel Cover wholesale. Beyond Travel Insura...

Posted: Apr 12, 2024

California Self-Insured Group Applauds Workers’ Comp Classification Changes

Insurance Journal

The California Restaurant Mutual Benefit Corp. is applauding upcoming changes in workers’ compensation classifications for California’s restaurant and hospitality sectors, The changes were announced by the Workers’ Compensation Insu...

Posted: Apr 12, 2024

Re-Imagining the Actuary in the Gen AI Era

Insurance Thought Leadership

Re-Imagining the Actuary in the Gen AI Era Underwriting ClareCarroll1 Thu, 04/11/2024 -...

Posted: Apr 11, 2024

D&O Insurance Pricing May Be Inadequate

Insurance Thought Leadership

D&O Insurance Pricing May Be Inadequate Commercial Lines ClareCarroll1 Thu, 04/11/20...

Posted: Apr 11, 2024

A Resurgence in Credit Card Fraud

Insurance Thought Leadership

A Resurgence in Credit Card Fraud Cyber ClareCarroll1 Thu, 04/11/2024 - 23:25...

Posted: Apr 11, 2024

Top global cities for wealthy property owners

NU Property & Casualty 360

One in five ultra-wealthy individuals plan to invest in real estate during 2024, according to Knight Frank.

Posted: Apr 11, 2024

How AI can mitigate roof-related insurance losses

NU Property & Casualty 360

Incorrect roof age data is a significant concern for P&C insurers, costing $1.3 billion per year in premium leakage, according to CBIZ.

Posted: Apr 11, 2024

Rep. McHenry Is Big ‘I’ Legislator of the Year

IA Magazine

U.S. House Financial Services Committee Chairman Patrick McHenry (R-North Carolina) was presented with the 2023 Gerald Solomon Big “I" Legislator of the Year Award.

Posted: Apr 11, 2024

State of the Association: ‘New Spirit’ Making the Big ‘I’ Stronger

IA Magazine

Mike McBride, Big “I" chairman, announced that the state of the association is strong and—despite the challenges posed by the hard marker—is getting stronger.

Posted: Apr 11, 2024

Nationwide Partners with EnforcerOne to Protect Agriculture Customers

IIR

EnforcerOne provides firefighting solutions for emergency scenarios in industries ranging from agriculture to motorsports.

Posted: Apr 11, 2024

Young Agent Scholarship Winner: No Greater Job of Service Than Insurance

IA Magazine

Abigail Whorton, the recipient of this year’s Herndon First-Timer Scholarship Award, is a second-generation insurance agent.

Posted: Apr 11, 2024

Big ‘I’ Presents InsurPac Awards

IA Magazine

This week, at the 2024 Big “I" Legislative Conference, the Big "I" presented the annual InsurPac National Championship and Eagle awards.

Posted: Apr 11, 2024

Making a difference: April 12, 2024

NU Property & Casualty 360

Philanthropic insurance news from IICF.

Posted: Apr 11, 2024

California contract fess up to workers' comp fraud charges

NU Property & Casualty 360

The contractor underreported payroll by nearly $1 million to lower his workers’ comp premium.

Posted: Apr 11, 2024

Misunderstanding over auto policy limits potentially reduced settlement by $400K

NU Property & Casualty 360

A law firm initially proposed a $100,000 settlement and alleges the insurer concealed a $500,000 death-claim limit.

Posted: Apr 11, 2024

Flash flooding, tornadoes rock Gulf Coast states

NU Property & Casualty 360

High winds from these storms reportedly cut power to more than 250,000 customers across the south on Wednesday.

Posted: Apr 11, 2024

People on the move in the P&C insurance industry: April 12, 2024

NU Property & Casualty 360

The latest insurance industry personnel news from Swiss Re, RT Specialty, bolt and more.

Posted: Apr 11, 2024

FRISS welcomes new COO Mireille Dyrberg

IIR

Dyrberg served as COO of global financial services SaaS companies Duco and TriOptima.

Posted: Apr 11, 2024

California contractor fess up to workers' comp fraud charges

NU Property & Casualty 360

The contractor underreported payroll by nearly $1 million to lower his workers’ comp premium.

Posted: Apr 11, 2024

Dawn Miller Named to Succeed Hank Watkins as CEO of Lloyd’s Americas

Risk & Insurance

The latest people news in the industry today. The post Dawn Miller Named to Succeed Hank Watkins as CEO of Lloyd&#821...

Posted: Apr 11, 2024

Norfolk & Dedham and Union Mutual announce affiliation

coverager

The new group will write a balanced book of personal and commercial lines business in eight states.

Posted: Apr 11, 2024

Lloyd’s announces Dawn Miller as new Chief Commercial Officer and CEO of Lloyd’s Americas

coverager

In her expanded role as Chief Commercial Officer, Dawn will continue to lead the Commercial directorate, retaining accountability for Lloyd’s Global Network.

Posted: Apr 11, 2024

Travelers: Distracted Driving Incidents Continue to Rise

Carrier Management

Travelers: Distracted Driving Incidents Continue to Rise Common distract...

Posted: Apr 11, 2024

Electric Bike Company partners with Oyster

coverager

Electric Bike Company customers can now purchase insurance coverage designed specifically for electric bikes.

Posted: Apr 11, 2024

New York Life acquires minority ownership stake in Fairview Capital

coverager

DuckDuckGo has launched a new Privacy Pro subscription.

Posted: Apr 11, 2024