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Conifer Holdings reports $143.8m GWP in FY23 results

Reinsurance News

In their results for the full-year 2023, Conifer Holdings has reported a 4.2% increase in gross written premium (GWP), as it reached $143.8 million, compared to the previous year’s $138 million. Net written premiums however, saw a 24.7% decl...

Posted: Apr 08, 2024

PURE Expanding High Value Homeowners Coverage into Western States

Insurance Journal

PURE Specialty Exchange, the specialty surplus lines insurance carrier providing PURE members and high net worth families with services for their complex exposures, has expanded its high value homeowners coverage to six additional states. The expansi...

Posted: Apr 08, 2024

The Importance of a Feasibility Study

Insurance Journal

This post is part of a series sponsored by TSIB. A key factor when considering a CIP or Wrap-Up is having the broker conduct a feasibility study for the Wrap-Up Sponsor. A feasibility study is a tool that is used …

Posted: Apr 07, 2024

The Black Car Fund Selects CLARA Analytics for Claims AI

IIR

Using GenAI and LLM, CLARA’s solutions will help the organization improve medical outcomes for injured drivers, improve reserve accuracy, and lighten administrative burdens for adjusters.

Posted: Apr 07, 2024

Top Factors Impacting the Growth of the Private Flood Market

IA Magazine

The human and economic impact of recent disasters on consumers' awareness of the increasing threat from flooding is one of the top factors impacting the growth in the private flood insurance market.

Posted: Apr 07, 2024

Risk engineer insights: Navigating commercial property risks in 2024

NU Property & Casualty 360

Scott Ewing of AXA XL Risk Consulting discusses modern loss prevention measures for commercial properties.

Posted: Apr 07, 2024

Nations with the highest resilience to physical risks in 2024

NU Property & Casualty 360

FM Global reports that countries that rank among the top 50 most resilient recover from property losses 30% faster than other locations.

Posted: Apr 07, 2024

Feds double-down on financial services cybersecurity warnings

NU Property & Casualty 360

Cyberthreat actors are increasingly using AI to perpetuate fraud, the U.S. Treasury Department reports.

Posted: Apr 07, 2024

The last total eclipse coincided with a big increase in car crashes

NU Property & Casualty 360

Travelers Insurance’s auto expert offers tips to help drivers stay safe during this year’s celestial event.

Posted: Apr 07, 2024

Florida's property insurance market is showing some promise

NU Property & Casualty 360

Eight property and casualty insurers have recently been approved to enter the Florida market.

Posted: Apr 07, 2024

Skyward Specialty Enters Media Liability Market

IA Magazine

Skyward Specialty caters to media companies and content creators with new coverages for advertising agencies and public relations firms, as well as creators of films, documentaries, television programs and more.

Posted: Apr 07, 2024

Skyward Specialty Enters Media Liability Market

IA Magazine

Skyward Specialty caters to media companies and content creators with new coverages for advertising agencies and public relations firms, as well as creators of films, documentaries, television programs and more.

Posted: Apr 07, 2024

Who's using what in P&C insurance: April 8, 2024

NU Property & Casualty 360

Insurance technology news from The Black Car Fund with CLARA Analytics technology.

Posted: Apr 07, 2024

Verisk Launches Next Generation CAT Models

IIR

Verisk characterizes the launch of the suite of over 100 models as marking the first successful effort by a catastrophe modeling firm to bring its full suite of models to a next generation modeling framework.

Posted: Apr 07, 2024

Top Factors Impacting the Growth of the Private Flood Market

IA Magazine

The human and economic impact of recent disasters on consumers' awareness of the increasing threat from flooding is one of the top factors impacting the growth in the private flood insurance market.

Posted: Apr 07, 2024

Avoiding Coinsurance Penalties With Builders Risk

IA Magazine

Coinsurance penalties can severely impact a project’s finances. Help your customers avoid them.

Posted: Apr 07, 2024

Triple-I: Dog-Related Injury Claim Payouts Hit $1.12 Billion in 2023

Insurance Information Institute

For immediate release California Press Office: Janet Ruiz, 707-490-9365, [email protected] NEW YORK, April 8, 2024—U.S. insurers paid out $1.12 billion in dog-related injury claims in 2023 according to the Insurance Information Institute (Triple-I) and...

Posted: Apr 07, 2024

American Family Life Adopts Munich Re Automation Solutions

IIR

Fortune 300 insurance company transitions to SaaS solution to help control costs, reduce cycle times, and boost customer experience

Posted: Apr 07, 2024

East Coast 4.8 Earthquake Causes Disruption But No Injuries or Sweeping Damage

Insurance Journal

An unusual East Coast earthquake shook millions of people from New York and Philadelphia skyscrapers to rural New England on Friday, causing no widespread damage but startling an area unaccustomed to temblors. The U.S. Geological Survey said over 42...

Posted: Apr 07, 2024

Perspective | We Call It Insurance. He Called It Protection

Risk & Insurance

Growing a prominent “insurance” empire in the 1920s and ’30s brought this entrepreneur fame, fortune and the veneration of the public — at least for a while. The post

Posted: Apr 07, 2024

How the Return-to-Work Revolution Balances Technology and Human Touch

Risk & Insurance

A mix of technology and old-school best practices is driving return-to-work results in workers’ comp. The post How...

Posted: Apr 07, 2024

Celebrating Every Win: The Theo Award Takes a More Detailed Look at Workers’ Comp Excellence

Risk & Insurance

Folks, I have exciting news.  National Comp and R&I have come together to launch a brand-new award that builds on our former Teddy Award’s 30+ year legacy of honoring employers in their quest for workers’ comp excellence.   The Theo Award, lik...

Posted: Apr 06, 2024

Prescribing Care: How Risk Management Can Support Health Care Workers

Risk & Insurance

Health care workers put their patients first every day. It’s time we place their wellbeing at the fore. The post Pr...

Posted: Apr 06, 2024

Debunking the Myth of Secrecy

Insurance Thought Leadership

Debunking the Myth of Secrecy Agent & Broker ClareCarroll1 Sat, 04/06/2024 - 00:02

Posted: Apr 05, 2024

Waypoint Underwriting Management partners with CompSource Mutual Insurance Company

coverager

Waypoint will underwrite a tailored portfolio of property, casualty, and workers’ compensation treaty reinsurance that aligns with CompSource Mutual’s risk tolerance.

Posted: Apr 05, 2024

With Dog Bites Up 8% Last Year, Prevention Week Aims to Educate

Carrier Management

With Dog Bites Up 8% Last Year, Prevention Week Aims to Educate Nearly half of American households (45 percent...

Posted: Apr 05, 2024

California Tops FBI List for Reported Cyber Crimes

Carrier Management

California Tops FBI List for Reported Cyber Crimes California reported the...

Posted: Apr 05, 2024

U.S. Supreme Court Upholds Choice-of-Law Provisions in Maritime Contracts

Risk & Insurance

The U.S. Supreme Court's decision upholds the enforceability of choice-of-law provisions in marine insurance contracts, and is expected to curb forum shopping. The post

Posted: Apr 05, 2024

Lockton Appoints Trevor Smith as Managing Director, Technology Risk

Risk & Insurance

Latest hiring news from insurance and risk management industry. The post Lockton Appoints Trevor Smith as Managing Di...

Posted: Apr 05, 2024

Cyber Insurance Market Growth Hindered by Uninsured Risks

Risk & Insurance

Despite a maturing cyber insurance market, Munich Re's report reveals a significant gap in coverage, with 87% of decision makers feeling inadequately protected against cyberattacks. The post

Posted: Apr 05, 2024

Texas Chemical Plant to Pay $6.6M Over Injuries From 2019 Fire

Insurance Journal

Intercontinental Terminals Company LLC (ITC) has agreed to pay over $6.6 million to federal and state natural resource trustees to resolve claims for natural resource damages resulting from a 2019 fire at ITC’s Deer Park terminal facility near...

Posted: Apr 05, 2024

Federal Agency Investigating Toxic Chemical Releases at 2 Louisiana Facilities

Insurance Journal

The U.S. Chemical Safety and Hazard Investigation Board (CSB) announced that the agency has launched investigations into toxic chemical releases at two facilities in Louisiana during 2023: the release of hydrogen fluoride (HF) and chlorine at the Hon...

Posted: Apr 05, 2024

Michigan Man Dies After Tire Comes Off SUV and Hits His Car

Insurance Journal

ANN ARBOR, Mich. (AP) — A driver died when a tire came off another vehicle and flew through the air and into the windshield and roof of his car, Michigan State Police said. A Dodge Journey SUV being driven by …

Posted: Apr 05, 2024

People Moves: Samuel Joins Alera Group as Executive Vice President of National Operations

Insurance Journal

Alera Group, headquartered in Deerfield, Illinois, appointed Kyle Samuel as executive vice president of national operations. Samuel will partner with the national practice leaders and regional managing directors to create alignment and strategic focu...

Posted: Apr 05, 2024

US commercial P&C rates decelerate in Q1’24, personal lines steady: MarketScout

Reinsurance News

Commercial rates in the US went up 3.9% on all property and casualty placements in the first quarter of 2024, a notable decline compared to the plus 5.6% in Q4 2023, while personal insurance rates held steady at plus 4.75% in the period, according...

Posted: Apr 05, 2024

Worker Burned in Midwest Stadium Explosion Settles for $22M

Carrier Management

Worker Burned in Midwest Stadium Explosion Settles for $22M A worker burned in a 2022 explosion during renovation work on the University of Wisconsin's Camp Randall Stadium has settled his lawsuit against the project's general contractor for $22 mill...

Posted: Apr 05, 2024

Symetra introduces Cancer Care Compass

coverager

The new rider has four components.

Posted: Apr 05, 2024

Arch to Buy Allianz’s Mid-Market, Entertainment Insurance Units for $450M

Carrier Management

Arch to Buy Allianz’s Mid-Market, Entertainment Insurance Units for $450M Arc...

Posted: Apr 05, 2024