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The Risky Economics of ‘Going Bare’ Without Homeowners Insurance Owning a home can feel like risky...
Posted: Apr 09, 2024
The transaction is expected to close in the fourth quarter of 2024.
Posted: Apr 09, 2024
Alliant Insurance Services, the Irving, California-based insurance broker, has acquired Property Owners Protection Insurance Co. (POPIC), a national captive program manager that serves owners and managers of multifamily and single-family residential...
Posted: Apr 09, 2024
Former Florida insurance commissioner, treasurer and Congressman Bill Gunter died Monday at his Tallahassee home. He was 89. “He was a strong, thoughtful public servant and pioneer in insurance regulation as commissioner of insurance, paving th...
Posted: Apr 09, 2024
GeoVera Insurance Holdings, Ltd. has announced its plans to sell its managing general agent business, GeoVera Advantage Insurance Services, Inc., to SageSure; once the deal closes, a new entity named GeoVera Nova Holdings, Inc. (GeoVera Nova) will...
Posted: Apr 09, 2024
Latin Re, the Brazilian independent reinsurance brokerage, has appointed Diogo Costa as the Head of Oil & Gas and Construction. This appointment aims to strengthen the broker’s market position in the Latin American market, consolidating its re...
Posted: Apr 09, 2024
Catastrophe bond issuance in the first quarter of 2024 reached a huge $4.23 billion, which is a record for the opening quarter of the year, and comes in 30% above the Q1 2023 total and 37% above the 10-year average for the quarter, according to ou...
Posted: Apr 09, 2024
Lemonade, the New York-based insurtech, announced the launch of homeowners insurance in France in partnership with BNP Paribas Cardif. Millions of occupying homeowners can now purchase extensive coverage for their home and belongings. Risks are cover...
Posted: Apr 09, 2024
Global insurtech Novidea has raised an additional $30 million from HarbourVest Partners, bringing its total Series C round to $80 million, joining existing investors Battery Ventures, Cross Creek, Israel Growth Partners (IGP), KT Squared, and JAL...
Posted: Apr 09, 2024
DoorDash Inc. is paying its delivery couriers in Pennsylvania additional money for a limited time to cover some benefits that are normally reserved for full-time employees. DoorDash will make monthly contributions starting in July into an individual...
Posted: Apr 09, 2024
Corebridge Financial, a quoted subsidiary of American International Group, Inc (AIG) has completed the sale of its UK life insurance business, operating as AIG Life Limited (AIG Life UK), to Aviva for £453 million. The sale was previously announce...
Posted: Apr 09, 2024
Insurance Business Magazine - US
Posted: Apr 09, 2024
In a recent interview with Reinsurance News, Wenzhe Sheng, Senior Product Manager for EMEA Prudential Regulations at Clearwater Analytics, discussed the latest developments on technical regulation and how that is impacting insurers in the European...
Posted: Apr 09, 2024
Pantheon Specialty Limited has appointed Howard Green, former Chairman of Besso Insurance Group Limited, to its Board, subject to regulatory approval. If you recall, B.P. Marsh invested in Pantheon in June of 2023, alongside its Founder and CEO Ro...
Posted: Apr 09, 2024
USQRisk, an international managing general agent (MGA) specialising in alternative risk transfer and unique risk solutions, has announced the appointment of Ashleigh Sears as Head of Casualty. Having joined the USQRisk team on April 2, Sears will...
Posted: Apr 09, 2024
The European Court of Human Rights (ECtHR) ruled on Tuesday in favor of a group of elderly Swiss women who had argued that their government’s inadequate efforts to combat climate change put them at risk of dying during heatwaves. The …
Posted: Apr 09, 2024
Trustpair cofounder Baptiste Collot delves into the evolving landscape of vendor payment fraud, AI’s role in facilitating this crime, and how his company is combating the threat. The post
Posted: Apr 09, 2024
Analysis by reinsurance brokerage Gallagher Re finds that, on average, reserve releases benefited reinsurance company combined ratios by 1.8% in 2023, a small increase on 2022’s 1.4%, which is far lower than 2014-2018 levels. The contribution of r...
Posted: Apr 09, 2024
Companies will have to publish standardized operating profit figures from 2027 under new requirements from a global accounting rulesetter to help end what international investor Warren Buffett has called “misleading” numbers. The Internat...
Posted: Apr 09, 2024
Allianz Global Corporate & Specialty SE (AGCS), Allianz Group’s carrier for large corporate and specialty insurance, has announced it is to focus on U.S. Large Corporate and Specialty insurance with the sale of its U.S. MidCorp and Entertainme...
Posted: Apr 09, 2024
US insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and State Farm. The number of dog bite and related injury claims was 19,062 in 2023, an increase of more than …
Posted: Apr 09, 2024
Lockton Norway AS has announced a series of key leadership changes within the company, including Anders Johannessen becoming CEO of Lockton’s Norway business from May 1, 2024. The company has confirmed that his predecessor Cato Aamodt will remain...
Posted: Apr 09, 2024
Oil sands producer Syncrude Canada, majority-owned by Suncor Energy, will pay C$390,000 ($287,187.04) after pleading guilty to a health and safety charge relating to the death of a worker on one of its sites in June 2021, the Alberta government ̷...
Posted: Apr 09, 2024
Cytora, a digital risk processing platform, has partnered with TradeAtlas, a global trade data company, to provide marine insurers with extensive import and export data for quicker and more precise risk assessments. Juan de Castro, Chief Commercia...
Posted: Apr 09, 2024
Posted: Apr 09, 2024
Posted: Apr 09, 2024
CoreLogic estimates insurable losses from the 7.2 magnitude earthquake that hit Taiwan on April 3, 2024 will be between $5.0 and $8.0 billion. This is considered the largest quake to hit the country in the last 25 years. Having occurred at 7.58 am...
Posted: Apr 09, 2024
The Wake-Up Call From Taiwan's Earthquake PaulCarroll Tue, 04/09/2024 - 03:24 When two ear...
Posted: Apr 09, 2024
Optalitix, the specialist data analytics solutions provider, is strategically partnering with First Street, a provider of physical climate risk data, to help insurers incorporate its unique United States datasets into their underwriting process. O...
Posted: Apr 09, 2024
Insurance Business Magazine - US
Posted: Apr 09, 2024
Insurance Business Magazine - US
Posted: Apr 09, 2024
Tesla has settled a lawsuit over a 2018 car crash that killed an Apple engineer after his Model X, operating on Autopilot, swerved off a highway near San Francisco, court documents showed on Monday. The settlement was made on the …
Posted: Apr 09, 2024
Britain and other major European countries with maritime borders on the North Sea on Tuesday signed an agreement to work together to protect underwater infrastructure, including from possible Russian attacks. The six countries involved – Belgiu...
Posted: Apr 09, 2024
Property Claim Services (PCS), a division of Verisk, has designated the Baltimore Bridge collapse incident, caused by the container ship Dali striking one of its support columns, under its Global Marine & Energy product. The division’s p...
Posted: Apr 09, 2024
Brown & Brown, Inc., an insurance brokerage firm, has appointed David Putz as Executive Vice President, Arrowhead General Insurance Agency, and Niels Seebeck as the President of Arrowhead’s Risk Managers Program. Putz’s remit as EVP of A...
Posted: Apr 09, 2024
Jensten, a UK brokerage and underwriting firm, has announced its acquisition of Scrutton Bland Insurance Brokers, aimed at enhancing its ability to provide high-quality broking services across multiple sectors. The acquisition brings onboard a tea...
Posted: Apr 09, 2024
Reported assaults on nurses jumped 5% across the United States in 2023, according to a new report, raising questions for workers’ compensation insurers and potentially adding to calls for legislation from Congress. Press Ganey, a company that a...
Posted: Apr 09, 2024
Authorities trying to determine whether drugs were involved in a fatal hot air ballon crash in Arizona released an amended autopsy report stating an anesthetic was administered to the pilot by an air ambulance company while he was being transported &...
Posted: Apr 09, 2024
Relatives of a Vermont woman whose obituary drew national attention for its candid and heart-breaking discussion of her opioid addiction have reached a settlement with some of the parties who were sued for allegedly failing to provide adequate medica...
Posted: Apr 09, 2024
A migrant farmworker who survived a mass shooting last year at a Northern California mushroom farm has filed a lawsuit against the farm and one of its owners, saying they failed to keep him safe from the colleague who authorities …
Posted: Apr 09, 2024
A migrant farmworker who survived a mass shooting last year at a Northern California mushroom farm has filed a lawsuit against the farm and one of its owners, saying they failed to keep him safe from the colleague who authorities …
Posted: Apr 09, 2024
Descartes Labs acquired all of the operating assets of Geosite, a Palo Alto, Califorina-based SaaS provider of geospatial intelligence to property/casualty insurance companies. Rachel Olney, CEO of Geosite, will be leading the insurance technology bu...
Posted: Apr 09, 2024
Six state troopers and a constable who may have falsified data about traffic stops won’t face state criminal charges, Connecticut’s top prosecutor said Friday. Chief State’s Attorney Patrick Griffin’s office said in a statemen...
Posted: Apr 09, 2024
Accredited, program management business operating across the US, UK and Europe, has appointed Grace Meek as the President of Accredited America, based out of New York, effective April 8th, 2024. She will report to William Spiegel, Chief Executive...
Posted: Apr 09, 2024
The ground rumbled Friday beneath New York City, home to famous skyscrapers like the Empire State Building and One World Trade Center. Though buildings that can reach above 100 stories might seem especially vulnerable to earthquakes, engineering expe...
Posted: Apr 09, 2024