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Major freight railroads will have to maintain two-person crews on most routes under a new federal rule that was finalized Tuesday in a milestone in organized labor’s long fight to preserve the practice. The Transportation Department’s Fed...
Posted: Apr 04, 2024
Japanese lens maker Hoya Corp. on Thursday said the production of several of its products have stopped after a system failure, which was “most likely caused by unauthorized access” to its servers. Hoya said the company discovered a system...
Posted: Apr 04, 2024
The EU’s Food Safety Agency (EFSA) warned on Wednesday of a large-scale bird flu pandemic if the virus becomes transmissible between people as humans lack immunity against the virus. This comes a day after Texas reported that the H5N1 strain &#...
Posted: Apr 04, 2024
Amwins has launched Amwins InstantQuote (Amwins IQ), an online marketplace providing rapid access to firm, bindable quotes from multiple carriers, aiming to combine the convenience of online quoting with the scale of the nation’s largest P&#...
Posted: Apr 04, 2024
Aon, the global insurance and reinsurance broker, has released its latest Reinsurance Market Dynamics report, revealing that the 1/1 and April 1 2024 renewals set the stage for a more comprehensible market for reinsurance buyers throughout mid-yea...
Posted: Apr 04, 2024
Insurance Business Magazine - US
Posted: Apr 04, 2024
Insurance Business Magazine - US
Posted: Apr 04, 2024
Berkshire Hathaway Specialty Insurance (BHSI), has announced the appointment of Chres Lee as Head of Transactional Liability in Canada. Lee brings to her new role 15 years of combined professional experience in Law, Executive Management and Commun...
Posted: Apr 04, 2024
MultiStrat, the specialist underwriter and reinsurance investment platform, has deployed $1.75 billion in capital through its deals so far and is targeting further “significant growth” in 2024. At the same time, the firm has reached the 10 year an...
Posted: Apr 04, 2024
The Florida insurance market continues to strengthen, showing signs that recent legislation is having positive impacts on the property insurance market, according to the state’s Insurance Commissioner Michael Yaworsky. Yaworsky’s comme...
Posted: Apr 04, 2024
President Gustavo Petro’s decision to take control of a top Colombian health insurer sets a dangerous precedent, according to the industry and patient associations. The South American nation’s health superintendent will run EPS Sanitas fo...
Posted: Apr 04, 2024
The severe drought which has forced the Panama Canal, one of the world’s busiest trade passages, to limit daily crossings could impact global supply chains during a period of high demand, S&P Global said on Wednesday. The canal has imposed...
Posted: Apr 04, 2024
Suncorp Group Limited has signed a share sale and purchase agreement with Resolution Life NOHC, Resolution Life Group’s holding company in Australia and New Zealand (Resolution Life) to sell its New Zealand life insurance business, Asteron Life Li...
Posted: Apr 04, 2024
Fifty years on, the conflict at the heart of the film "Chinatown" — disputes over diminishing fresh water supplies — is more relevant than ever. The post
Posted: Apr 04, 2024
Risk management systems are taking on a power and prominence that were previously unimaginable. The post
Posted: Apr 04, 2024
ICEYE, the global provider of satellite-powered disaster management solutions, has signed a new contract with the Centers for Disease Control and Prevention (CDC) to provide it with access to ICEYE Flood Insights for events across the US and its t...
Posted: Apr 04, 2024
AXA XL’s U.S. Mid-Market insurance business is extending its general liability coverage for mid-sized businesses with its new XL Plus broadening endorsement, offering more than two dozen expanded protections. The XL Plus endorsement expands the...
Posted: Apr 04, 2024
Juniper Re, the reinsurance broking arm of BRP Group, has partnered with Canopy Weather to offer customised severe storm event response analytics to Juniper Re clients. Severe weather occurrences such as tornadoes, hailstorms, and strong winds can...
Posted: Apr 04, 2024
Howden Tiger, the global reinsurance arm of Howden, will rename as Howden Re, effective April 8, 2024. This strategic change follows Howden’s rebrand in October last year, which united its broking operations under one name. Today, with its rein...
Posted: Apr 04, 2024
French reinsurer CCR Re has appointed Maxime Krumholz as a Non-Life Underwriter, where he will join the Northern Europe and the Central & Eastern Europe Non-Life teams within the firm’s Underwriting Department. Most recently, Krumholz se...
Posted: Apr 04, 2024
Comprehensive program provides coverage for home health care workers actively helping seniors where they need it most Charlotte, NC., April 4, 2024 — Amwins Program Underwriters (APU), part of the Amwins Underwriting division, today announced t...
Posted: Apr 04, 2024
Vertafore Delivers Policy Binding in Personal Lines Rater Vertafore, headquartered in Denver, launched the industry’s first bind capability within a personal lines rater. Vertafore’s personal lines rating and quoting platform, PL Rating,...
Posted: Apr 04, 2024
Specialist insurer Pension Insurance Corporation plc (PIC), has completed an £870 million full buy-in of the De Beers UK Pension Scheme. The bulk annuity transaction for the scheme, which is sponsored by diamond company De Beers UK, has fully secu...
Posted: Apr 04, 2024
BATON ROUGE, La. (AP) — LSU and 10 former students who sued the school over alleged mishandling of sexual assault and domestic violence complaints against football players and others at Louisiana’s flagship state university have settled the cas...
Posted: Apr 04, 2024
Ascot Group has appointed Charles Craigs as Managing Principal overseeing the firm’s Third-Party Capital initiatives in Bermuda. Craigs holds experience across management, underwriting, capital, and operations functions, and joins Ascot from...
Posted: Apr 04, 2024
Posted: Apr 04, 2024
Global specialty and P&C insurer and reinsurer, Canopius Group, has hired Soon Keen Lee as Chief Executive Officer (CEO) of Asia Pacific (APAC) and Middle East & North Africa (MENA), reporting to Canopius Group CEO Neil Robertson. The appo...
Posted: Apr 04, 2024
US insurance and investment firm, Prudential Financial, Inc. has successfully completed a major reinsurance transaction with Somerset Re involving a portion of its guaranteed universal life insurance block. The transaction, previously announced in...
Posted: Apr 04, 2024
Arch Insurance Group Inc., has announced the promotion of Joe Morello to the role of Executive Vice President, Head of E&S Property. Prior to his appointment, Morello, who has over three decades of experience, served as SVP E&S Property at...
Posted: Apr 04, 2024
The vast majority of planet-warming carbon dioxide emissions since 2016 can be traced to a group of just 57 fossil fuels and cement producers, researchers said on Thursday. From 2016 to 2022, the 57 entities including nation-states, state-owned firms...
Posted: Apr 04, 2024
Global re/insurance broker Howden has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen. Established in 1964 by Jean-Pierre Lecomte, OFRACAR is a broker based in Normandy, that specialises in prope...
Posted: Apr 04, 2024
Sanofi has reached an agreement in principle to settle 4,000 U.S. lawsuits linking the discontinued heartburn drug Zantac to cancer, the company said on Wednesday. Sanofi did not disclose the financial terms of the deal. The agreement, which still ne...
Posted: Apr 04, 2024
AMPA — A company hired to inspect utility poles in the Panhandle declined to testify before Texas lawmakers Wednesday, as part of the state’s inquiry into the Smokehouse Creek fire — the largest wildfire in state history that burned more …...
Posted: Apr 04, 2024
Manulife Financial Corporation has successfully closed the previously announced transaction to reinsure a low ROE Canadian Universal Life block with RGA Life Reinsurance Company of Canada. If you recall, the transaction was announced last month, w...
Posted: Apr 04, 2024
The US Securities and Exchange Commission is asking publicly traded tech companies about their relationships with distributors and other business partners outside the US in a push to root out possible corruption, according to people familiar with the...
Posted: Apr 04, 2024
A survey of passenger car and commercial drivers finds that distracted driving is still a significant safety issue, according to a recent survey by insurance carrier, Nationwide. The new latest driving behaviors survey revealed additional risky behav...
Posted: Apr 04, 2024
The Florida Association of Insurance Agents, the largest agent group in the state, has taken the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and bring more capacity to …
Posted: Apr 04, 2024
When a 900-foot container ship struck the San Francisco–Oakland Bay Bridge in 2007, the span stood firm and no one died, either on the ship or the highway above. The bridge’s supports were protected by a fendering system of concrete …
Posted: Apr 04, 2024
Tokio Marine HCC – Cyber & Professional Lines Group (CPLG) has announced three key appointments to its leadership team, aimed at strengthening its position in the dynamic cyber and professional lines insurance market. Patrick Gallic has been n...
Posted: Apr 04, 2024
Post Joins Alliant Insurance Services as Senior Vice President Alex Post has joined Alliant Insurance Services as senior vice president, Alliant Specialty. Based in Seattle, Post has worked exclusively with global power, utility and renewable clients...
Posted: Apr 04, 2024
ALKEME in California announced the creation off two regions called West – North region and the West – South/South Pacific region for its operations as part of actions the firm said will enhance operations, speed decision-making and improve efficienci...
Posted: Apr 04, 2024
Roughly four-in-10 workers’ compensation claims come from workers with less than one year of tenure, a new report from the Workers’ Compensation Insurance Rating Bureau of California shows. The report shows 40% of workers’ comp clai...
Posted: Apr 04, 2024
UK broker and underwriter Jensten has announced the acquisition of Henry Seymour & Co., a deal that will enhance its capacity to offer specialist products to clients with niche requirements. Henry Seymour & Co is a specialist insurance bro...
Posted: Apr 03, 2024
Federal leaders in the U.S. want AI safeguards akin to those being developed by the insurance industry.
Posted: Apr 03, 2024