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Political Risks and Violence a Rising Business Concern in 2024

Risk & Insurance

Political violence emerges as a top concern for businesses, driven by global unrest and economic uncertainty, according to the Allianz Risk Barometer. The post

Posted: Apr 11, 2024

Green Risk Shield, Striior Announce Wildfire Analytics and Underwriting Collaboration

Insurance Journal

Striior Insurance Solutions a managing general agent specializing in builder’s risk and a division of Intact Insurance Specialty Solutions, has partnered with Green Shield Risk Solutions, a Chicago-based catastrophe risk mitigation specialist,...

Posted: Apr 11, 2024

Green Shield Risk, Striior Announce Wildfire Analytics and Underwriting Collaboration

Insurance Journal

Striior Insurance Solutions a managing general agent specializing in builder’s risk and a division of Intact Insurance Specialty Solutions, has partnered with Green Shield Risk Solutions, a Chicago-based catastrophe risk mitigation specialist,...

Posted: Apr 11, 2024

Florida Peninsula Says Reforms Have Had an Impact, Announces 2% Rate Cut

Insurance Journal

After the Florida Legislature in 2022 and 2023 passed sweeping reforms designed to limit excessive claims litigation, some in the insurance industry predicted that the new rules would prevent further rate increases – but would not lead to actual decr...

Posted: Apr 11, 2024

St. Louis Contractor Faces $276K in Fines Over Deadly Fall Hazards

Insurance Journal

Federal workplace safety inspectors found a Missouri roofing contractor again risking the safety of its employees by failing to protect them against the construction industry’s deadliest hazard — falls from heights— at five residential worksite...

Posted: Apr 11, 2024

Executives on the Move at Lloyd’s

Carrier Management

Executives on the Move at Lloyd’s Lloyd's announced that Dawn Miller has been appointed as chief...

Posted: Apr 11, 2024

After Quake, New York City Residents Reassured Skyscrapers Built to Withstand Shaking

Carrier Management

After Quake, New York City Residents Reassured Skyscrapers Built to Withstand Shaking The ground rumble...

Posted: Apr 11, 2024

Farmers Insurance Names Coleman President of Business Insurance

Carrier Management

Farmers Insurance Names Coleman President of Business Insurance Farmers Insurance announced that Eric Colema...

Posted: Apr 11, 2024

Pennsylvania Issues ‘Expectations’ for Carriers Regarding AI Use

Carrier Management

Pennsylvania Issues ‘Expectations’ for Carriers Regarding AI Use Pennsylvania has issued guida...

Posted: Apr 11, 2024

Despite Break in Car Prices, Soaring Insurance Costs Hit U.S. Buyers

Carrier Management

Despite Break in Car Prices, Soaring Insurance Costs Hit U.S. Buyers A new form of sticker shock has hit A...

Posted: Apr 11, 2024

Novidea Secures Additional $30M, Bringing Total Series C to $80M

Carrier Management

Novidea Secures Additional $30M, Bringing Total Series C to $80...

Posted: Apr 11, 2024

Survey: Recruiting, Benefit Costs Challenge Employers

Carrier Management

Survey: Recruiting, Benefit Costs Challenge Employers Balancing costs with emp...

Posted: Apr 11, 2024

Almost 60% do not treat AI ethical risks separately: Airmic survey

Reinsurance News

Nearly 60% of organisations are not treating ethical risks related to artificial intelligence (AI) separately from other ethical concerns, according to a recent survey conducted by Airmic, a UK association for risk and insurance professionals. In...

Posted: Apr 11, 2024

Oklahoma Judge Orders Chiefs Superfan to Pay $10.8M to Bank Teller

Insurance Journal

OKLAHOMA CITY (AP) — An Oklahoma judge ordered a Kansas City Chiefs superfan known as “ChiefsAholic” who admitted to a series of bank robberies to pay $10.8 million to a teller who was assaulted with a gun, though attorneys say …

Posted: Apr 11, 2024

Alera Group Acquires Texas-Based HealthSure

Insurance Journal

Alera Group, a national insurance and financial services firm, announced today the acquisition of Texas-based HealthSure. Founded in 1998 by Barry Couch, HealthSure serves rural healthcare organizations as an independent agency specializing in risk c...

Posted: Apr 11, 2024

US Cyber Agency Warns of Compromise at Sisense Data Firm

Insurance Journal

The US lead agency for federal cybersecurity is warning that Sisense Inc., a data analytics company, has suffered a compromise that could expose customer credentials and cryptographic secrets. Sisense provides AI-driven analytics to thousands of cust...

Posted: Apr 11, 2024

Optalitix partners with Juniper to streamline reproductive health insurance offerings

Reinsurance News

Optalitix, a specialist in data analytics solutions, has announced a partnership with Juniper, a reproductive health insurance provider, employing its online product, Optalitix Models, to efficiently promote Juniper’s new offering through qu...

Posted: Apr 11, 2024

Florida’s Slide Insurance Secures $210 Million Catastrophe Bond

Insurance Journal

Tampa-based Slide Insurance announced it has finalized pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond. The largest cat bond sponsored by Slide to date, Purple Re Ltd. provides 40% more in fully collateralized reinsurance...

Posted: Apr 11, 2024

EPA Sets US’s First Drinking Water Standards to Limit Toxic PFAS

Insurance Journal

About 100 million people will be exposed to fewer cancer-causing “forever chemicals” under the country’s first-ever drinking water standards for PFAS finalized Wednesday by the EPA, White House officials said. The Environmental Prot...

Posted: Apr 11, 2024

Carnival Puts Miami Headquarters Up for Sale as Florida Real Estate Soars

Insurance Journal

Carnival Corp. has listed for sale its sprawling headquarters on the outskirts of Miami, seeking to cash in on real estate the cruise giant has owned for roughly three decades. The company is now looking to downsize to about 300,000 …

Posted: Apr 11, 2024

MetLife expands customer experience capability

coverager

MetLife Connected Benefits is enhancing holistic experiences across the product portfolio.

Posted: Apr 11, 2024

Canopy Connect Releases New Integration with HawkSoft to Capture and Import Insurance Data

coverager

New integration between Canopy Connect and HawkSoft management system allows insurance agents to collect verified insurance data through Canopy Connect and import it into HawkSoft to eliminate data entry.

Posted: Apr 11, 2024

Delaware Life partners with DUPR

coverager

Delaware Life is the exclusive presenting sponsor of DUPR.

Posted: Apr 11, 2024

Amy Bowman to lead Berkshire (BHSI) Multinational business

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Vice President of Multinational Amy Bowman to Head of Multinational, a Boston based role. Bowman brings more than two decades of experience as an attorney and insurance l...

Posted: Apr 11, 2024

People Moves: Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political...

Insurance Journal

Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political Risk Guy Carpenter, the reinsurance business of Marsh McLennan, announced the appointment of Richard Chu as managing director, Credit, Bond & P...

Posted: Apr 11, 2024

Dawn Miller named CCO of Lloyd’s and CEO of Americas

Reinsurance News

Dawn Miller has been appointed Chief Commercial Officer (CCO) of Lloyd’s and Chief Executive Officer (CEO) of Lloyd’s Americas. Marc Lipman has been appointed President of Lloyd’s Americas taking over the role from Hank Watkins, who will be...

Posted: Apr 11, 2024

People Moves: Miller Promoted to Lloyd’s Americas CEO as Watkins Exits

Insurance Journal

Lloyd’s said Dawn Miller has been named chief commercial officer and CEO of Lloyd’s Americas. Miller, who joined Lloyd’s in 2022 and oversees its global network as commercial director, will assume her expanded role on Sept. 1, based...

Posted: Apr 11, 2024

Markets/Coverages: AXA XL’s Bermuda Professional Lines Team Enhances D&O Policy

Insurance Journal

AXA XL’s Bermuda Professional Lines Team has launched a new lead difference-in-conditions (DIC) directors and officers liability policy. “AXA XL is one of the largest D&O insurers in the North American market and it was time to update...

Posted: Apr 11, 2024

Poll: Consumers OK With AI in P/C Insurance, but Not So Much for Claims and Underwriting

Carrier Management

Poll: Consumers OK With AI in P/C Insurance, but Not So Much for Claim...

Posted: Apr 11, 2024

IRLA expands global network by launching new chapter in Bermuda

Reinsurance News

The Insurance and Reinsurance Legacy Association (IRLA) has announced the launch of its new chapter in Bermuda, which is set to provide a platform for members to network, share best practices and access professional development opportunities acros...

Posted: Apr 11, 2024

Vintage Ferrari Owners’ Favorite Mechanic Charged With Theft, Fraud

Insurance Journal

Few mechanics post photos of themselves on Venetian canals, brag about buying $30,000 artworks or frequent the George V Hotel in Paris and Chateau Marmont in Los Angeles. But this was the life Donnie Callaway portrayed via social media to …

Posted: Apr 11, 2024

RSA unveils new trading structure ahead of integration of NIG

Reinsurance News

Global insurance provider, RSA Insurance, has unveiled its new regional trading structure ahead of the integration of NIG on May 1, 2024. According to the firm, this next step in evolution of RSA’s Commercial Lines business is based around three p...

Posted: Apr 11, 2024

US Wildfires Are Getting Bigger and More Complex, Prompting Changes in Firefighting

Insurance Journal

It’s shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and firefighters becoming overwhelmed with recent blazes in Virginia. Just in the first three months of the year, more than 2,669 &#82...

Posted: Apr 11, 2024

Surge in elections increases demand for political violence insurance: Allianz

Reinsurance News

A recent report from Allianz Commercial highlights growing concerns surrounding the surge in elections scheduled for 2024, which could potentially escalate the risks of political violence and result in significant insured losses. Srdjan Todorovic,...

Posted: Apr 11, 2024

Insurers Norfolk & Dedham of Massachusetts and Union Mutual of Vermont to Affiliate

Insurance Journal

Massachusetts-based Norfolk & Dedham (N&D) and Union Mutual in Vermont, property/casualty insurers with a combined 350 years in the business in the Northeast, announced they intend to affiliate, subject to regulatory approval. The combined gr...

Posted: Apr 11, 2024

Carbon Underwriting appoints Rob Crocker as Active Underwriter

Reinsurance News

Carbon Underwriting, a specialist independent managing general underwriter (MGA) and Lloyd’s syndicate, has announced the appointment of Rob Crocker as Active Underwriter, effective April 2024. An expert in professional lines underwriting, Crocker...

Posted: Apr 11, 2024

All subgroups in Gallagher Re’s Florida market report see DPW growth in 2023

Reinsurance News

As per Gallagher Re’s Florida Market Watch Report for 2023, all subgroups of selected insurance companies that derive a majority of their premiums from the state’s personal property market witnessed growth in direct premium written (DPW) in...

Posted: Apr 11, 2024