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Active Workstations May Improve Cognitive Performance: Study

Carrier Management

Active Workstations May Improve Cognitive Performance: Study A recent M...

Posted: Apr 04, 2024

5 Best Practices for Managing Complex Workers’ Comp Cases

Risk & Insurance

Catastrophic injuries can have lasting effects on workers’ physical and mental health, making recovery a long and often complicated process. Following these best practices gives case mangers the best chance of delivering optimal outcomes for all s...

Posted: Apr 04, 2024

Weather Forecasters Predict ‘Extremely Active’ 2024 Atlantic Hurricane Season

Insurance Journal

Weather forecasters at Colorado State University (CSU) on Thursday predicted an “extremely active” 2024 Atlantic hurricane season because of warm sea surface temperatures and less wind shear to break up storms in the summer and fall. The...

Posted: Apr 04, 2024

People Moves: Leif Assurance Hires Galvan as Commercial Lines Account Manager; Applied Underwriters...

Insurance Journal

Leif Assurance Hires Galvan as Commercial Lines Account Manager Leif Assurance, headquartered in St. Louis, hired Mayra Galvan as commercial lines account manager. Galvan is responsible for managing clients’ renewal process and assisting with n...

Posted: Apr 04, 2024

Progressive, Cleveland Guardians Extend Stadium Naming Rights Deal

Insurance Journal

Progressive Insurance is doubling up its commitment with the Cleveland Guardians. Progressive and the Cleveland Guardians this week announced a 13-year deal for Progressive to remain the official insurance provider of the Major League Baseball club a...

Posted: Apr 04, 2024

People Moves: HSB Canada Appoints Bellissimo as President and CEO; Canopius Taps Lee From AIG as CEO...

Insurance Journal

This edition of International People Moves details appointments at HSB Canada and Canopius Group. A summary of these new hires follows here. HSB Canada announced the appointment of Barbara Bellissimo as president and chief executive officer, effectiv...

Posted: Apr 04, 2024

Iowa Man Sentenced for Insurance Fraud

Insurance Journal

An Iowa man was sentenced in March after pleading guilty to one count of Theft 3rd Degree (Aggravated Misdemeanor) following an investigation by the Iowa Insurance Division’s Fraud Bureau. Khalil Justin Crawley, age 22, of Waterloo was sentence...

Posted: Apr 04, 2024

Strong D&O Insurance Results Unsustainable in 2024

Risk & Insurance

Despite strong underwriting results in 2023, Fitch Ratings reports that the U.S. D&O insurance market faces declining premiums and emerging litigation risks. The post

Posted: Apr 04, 2024

Hadron names Sam Reeder as CEO

Reinsurance News

Hadron, a specialty insurer designed to help Managing General Underwriters (MGUs) accelerate their growth with flexible capacity and efficient reinsurance access, has appointed Sam Reeder as Chief Executive Officer (CEO). AS CEO Reeder is to build...

Posted: Apr 04, 2024

Collision repair marketplace CrashBay raises $1.25 million

coverager

Founded in 2019, CrashBay provides end-to-end collision repair solutions across North America.

Posted: Apr 04, 2024

BurnBot raises $20 million

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American Family Ventures participated in the round.

Posted: Apr 04, 2024

MassMutual backs XUND

coverager

XUND is known for its software as a medical device (SaMD) that supports the entire patient lifecycle.

Posted: Apr 04, 2024

U.S. Will Require Two Crew Members When Trains Carry Hazardous Waste

Carrier Management

U.S. Will Require Two Crew Members When Trains Carry Hazardous Waste The U.S. Transportation Department's Fe...

Posted: Apr 04, 2024

HSB Canada appoints Barbara Bellissimo as new president and CEO

coverager

She replaces John Mulvihill, who has retired after a successful 34-year career with the Toronto-based specialty insurer.

Posted: Apr 04, 2024

CSU: More Activity, More Landfalls Expected This Hurricane Season

Carrier Management

CSU: More Activity, More Landfalls Expected This Hu...

Posted: Apr 04, 2024

Conifer announces commercial lines capacity partnership with Accelerant

coverager

Conifer aims to improve risk assessment.

Posted: Apr 04, 2024

US D&O Insurance Segment’s Improved Results Unlikely to Be Sustainable: Fitch

Insurance Journal

The U.S. directors and officers (D&O) liability insurance segment’s strong underwriting profit of 2023 is unlikely to be sustainable, according to Fitch Ratings. Fitch attributed this reality to declining premium revenues from lower premium...

Posted: Apr 04, 2024

Farmers Mutual Hail to acquire Global Ag from AXA XL

Reinsurance News

Crop insurer Farmers Mutual Hail Insurance Company of Iowa (FMH) is acquiring Global Ag Insurance Services from commercial and specialty insurer and reinsurer, AXA XL. Western U.S.-headquartered Global Ag is a crop insurance provider offering solu...

Posted: Apr 04, 2024

Cowbell promotes Sabouni to Chief People Officer, & Palardy to Chief Actuary

Reinsurance News

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has made two executive promotions, as Sahar Sabouni, Head of Employee Success becomes Chief People Officer, and Dan Palardy, Lead Actuary, becomes Chief Actuary....

Posted: Apr 04, 2024

People Moves: Risk Strategies Appoints Conklin; Edwards Joins Alliant in New York

Insurance Journal

Risk Strategies, headquartered in Boston, appointed Josh Conklin as national employee benefits growth leader and senior managing director. Conklin joined Risk Strategies in 2019 through the acquisition of National Insurance Consulting Group (NICG), a...

Posted: Apr 04, 2024

Major Highway, Rail Service Shut Down in Philadelphia After Truck Hits Bridge

Insurance Journal

A stretch of a major interstate highway will be closed for several days after a tractor-trailer carrying an oversize load struck a railroad bridge in Philadelphia. The truck crashed on I-95 northbound around 1:30 p.m. Monday in the city’s Port...

Posted: Apr 04, 2024

Guidewire’s Jasper will enhance P&C commercial lines agility

Reinsurance News

Guidewire, a platform provider for property and casualty (P&C) re/insurers, has announced its latest release, Jasper, designed to enhance capabilities and bolster agility in commercial lines. Jasper offers P&C insurers a flexible, cloud-ba...

Posted: Apr 04, 2024

Nationwide Wants 19% Increase in Auto Rates in West Virginia

Insurance Journal

Nationwide Insurance is asking West Virginia regulators for a 19% average rate increase on auto liability insurance, a move that could affect more than 27,000 insured drivers. The West Virginia insurance commissioner said in a bulletin this week that...

Posted: Apr 04, 2024

Insurers Not Liable for Towers Watson’s Shareholder Settlements

Risk & Insurance

Court holds insurers are not required to cover $90 million in settlements related to shareholder lawsuits stemming from Towers Watson's merger with Willis The post

Posted: Apr 04, 2024

BI coverage could drive a significant amount of Taiwan quake losses: AM Best

Reinsurance News

As per Christie Lee, senior director – head of analytics, AM Best, a significant amount of losses from the 7.2 magnitude earthquake that recently struck Taiwan could come from business interruption (BI) coverage. The earthquake, which hit near the...

Posted: Apr 04, 2024

Georgia’s Latest Effort on Plaintiff Demands Aims to Deter Bad-Faith Claims

Carrier Management

Georgia’s Latest Effort on Plaintiff Demands Aims to Deter Bad-Faith Claims Georgia lawmakers have a...

Posted: Apr 04, 2024

Court Approves 3M Settlement Over ‘Forever Chemicals’ in Public Water Systems

Carrier Management

Court Approves 3M Settlement Over ‘Forever Chemicals’ in Public Water Systems Chemical manufacturer 3M w...

Posted: Apr 04, 2024

AIG Sues Newly Launched Dellwood Insurance and Its Founders

Carrier Management

AIG Sues Newly Launched Dellwood Insurance and Its Founder...

Posted: Apr 04, 2024

Brown & Brown Buys Citrus/CHAPP Agency in Florida

Insurance Journal

Brown & Brown Inc., the sprawling U.S. insurance brokerage based in Daytona Beach, has acquired Citrus Insurance and its affiliate, CHAPP Inc., which secures workers’ compensation coverage for citrus growers in Florida. CHAPP and Citrus hav...

Posted: Apr 04, 2024

MGA Striior partners with Green Shield to improve underwriting risk selection

Reinsurance News

Striior Insurance Solutions, a managing general agent (MGA) specialising in builder’s risk, has partnered with Green Shield, a US-based catastrophe risk mitigation specialist, to improve performance and support strategic growth through “unmatched...

Posted: Apr 04, 2024

Severe Weather Spawns Tornado, Damage and One Death in South, Midwest

Insurance Journal

Thousands of homes and businesses were without power Tuesday as severe weather roared through several states, causing at least one death and spawning possible tornadoes. Parts of Ohio, Pennsylvania, Kentucky, Mississippi, Alabama, Tennessee, West Vir...

Posted: Apr 04, 2024

Citigroup Urges Dismissal of New York’s ‘Misguided’ Lawsuit Over Online Scams

Insurance Journal

Citigroup on Tuesday urged a federal judge to dismiss New York Attorney General Letitia James’ lawsuit accusing its Citibank unit of failing to reimburse customers who fall victim to online scammers. While recognizing that the problem of online...

Posted: Apr 04, 2024

Global M&A performance rises modestly in Q124, large transactions begin to stabilise: WTW

Reinsurance News

Global mergers and acquisitions (M&A) activity saw a modest rise in completed deals during the first quarter of 2024 compared to the same period last year, according to research from WTW’s Quarterly Deal Performance Monitor (QDPM). Data has re...

Posted: Apr 04, 2024

Radian’s mortgage insurance available through PMI Rate Pro

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Radian Guaranty, the mortgage insurance (MI) subsidiary of , announced that lenders can now order Radian MI for delegated loans on the MI technology platform . The offering will integrate...

Posted: Apr 04, 2024

Resolution Life to acquire Suncorp’s New Zealand life insurance company, Asteron Life

coverager

Asteron Life is a New Zealand life insurer, with a team of circa 165 people servicing more than 180,000 customers and their advisers.

Posted: Apr 04, 2024

Assurant acquires iSmash

coverager

iSmash will continue to operate as iSmash under the Assurant Global Connected Living line of business.

Posted: Apr 04, 2024