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SRS agrees to acquire Garnet Captive Insurance Services

Reinsurance News

Strategic Risk Solutions (SRS), an independent insurance company manager, has agreed to acquire Garnet Captive Insurance Services, a provider of alternative risk consulting and brokerage services, including captive insurance program services. Foun...

Posted: Apr 03, 2024

KC Chiefs Player Cooperating With Police After Sports Car Crash in Texas

Insurance Journal

DALLAS (AP) — An attorney for Kansas City Chiefs player Rashee Rice said Monday that the wide receiver is cooperating with authorities after a speeding Corvette and Lamborghini sport utility vehicle caused a chain-reaction crash on a busy Dallas high...

Posted: Apr 03, 2024

Public Health Groups Sue FDA Again Over Delayed Menthol Ban

Insurance Journal

Public health groups sued US regulators a second time for failing to follow through on a plan to ban menthol-flavored tobacco products. The lawsuit filed Tuesday in a federal court in Northern California claims that the Food and Drug Administration &...

Posted: Apr 03, 2024

AIG Sues Newly Launched Dellwood Insurance and Its Founders

Insurance Journal

American International Group and a group of its excess and surplus lines subsidiaries have filed suit against Dellwood Insurance Group and three former AIG executives who launched the nationwide E&S lines insurance holding company about a month a...

Posted: Apr 03, 2024

AIG Sues Newly Launched Dellwood Insurance and its Founders

Insurance Journal

American International Group and a group of its excess and surplus lines subsidiaries have filed suit against Dellwood Insurance Group and three former AIG executives who launched the nationwide E&S lines insurance holding company about a month a...

Posted: Apr 03, 2024

Top US Egg Maker Idles Texas Plant After Bird Flu Outbreak

Insurance Journal

Cal-Maine Foods Inc., the biggest egg producer in the US, has culled roughly 3.6% of its flock after birds at a Texas facility tested positive for avian flu, adding to concerns over a widening outbreak. Nearly 1.6 million laying hens …

Posted: Apr 03, 2024

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

Insurance Journal

Georgia lawmakers have approved two bills that could have a significant impact on windstorm and bad-faith claim losses for property insurers. First, the bad-faith reform legislation. Auto insurers have for years fought for changes to Georgia’s...

Posted: Apr 03, 2024

Phoenix Ordinance Adds Rules to Protect Workers from Extreme Heat

Insurance Journal

With hundreds of heat related deaths in and around Phoenix, Arizona last year, a new city ordinance has taken a “critical first step” to protect workers for city contractors from the dangers of extreme heat. That was the praise from &#823...

Posted: Apr 03, 2024

How Lawsuits Over Baltimore Bridge Collapse Are Likely to Play Out

Insurance Journal

The owner, operator and charterer of the container ship that struck Baltimore’s Francis Scott Key Bridge on Tuesday are likely to face lawsuits over its collapse and the people killed or injured, but legal experts say U.S. maritime law could &#...

Posted: Apr 03, 2024

People Moves: USG Names Chen Associate Producer/Broker; Christensen Appointed WCF CHRO as McFarland...

Insurance Journal

USG Hires Chen as Associate Producer/Broker USG Insurance Services, Inc., headquartered in Chicago, hired Calvin Chen as an associate producer/broker in the company’s Irvine, California, office. Chen has over 18 years of experience in client co...

Posted: Apr 03, 2024

Conifer partners with Palomar to offer specialised cannabis insurance

Reinsurance News

Conifer Holdings, Inc., a specialty insurance holding company, has announced its partnership with Palomar Holdings, Inc., to provide specialised insurance coverage tailored for the cannabis industry. This coverage will be provided through Palomar...

Posted: Apr 03, 2024

Takeaways from Our Conversation on ‘Fine Lines’ Cannabis Brokers and Operators Should Keep an Eye on

Insurance Journal

The devil is always in the details, and if you’re a cannabis business with a lot of product and cash to protect – as many dispensaries happen to be – you’ve got a lot of details to note. Brokers specializing …

Posted: Apr 03, 2024

Virginia Gov. Youngkin Vetoes Retail Marijuana, Minimum Wage Hike, Workers’ Comp Bills

Insurance Journal

Republican Virginia Gov. Glenn Youngkin vetoed two top Democratic legislative priorities last Thursday: bills that would have allowed the recreational retail sales of marijuana to begin next year and measures mandating a minimum wage increase. The de...

Posted: Apr 03, 2024

IML appoints Justin Doherty as its new President and CEO

Reinsurance News

Independent Management Ltd. (IML), a Bermuda-domiciled insurance management firm, has appointed Justin N. Doherty as its new President and Chief Executive Officer (CEO), succeeding Cyril H. Whitter, Jr. who is retiring. After over three decades, W...

Posted: Apr 02, 2024

How a Carrier Partner Can Help Navigate a Challenging Management and Professional Liability Market

Risk & Insurance

A combination of a choppy economy with increased claims frequency and severity could lead to rate increases in the Management & Professional Liability market. The post

Posted: Apr 02, 2024

Four Ways to Reduce Stress and Speed Healing for Injured Workers

Risk & Insurance

Stress and anxiety can significantly impair physical healing. With a few adjustments, clinicians and other stakeholders in the workers’ comp process can help reduce stress and facilitate both physical and psychological recovery for injured workers...

Posted: Apr 02, 2024

Unlocking Opportunity in the Surety Market

Insurance Thought Leadership

Unlocking Opportunity in the Surety Market Commercial Lines ClareCarroll1 Tue, 04/02...

Posted: Apr 02, 2024

No-Code or Low-Code?

Insurance Thought Leadership

No-Code or Low-Code? Data Analytics ClareCarroll1 Tue, 04/02/2024 - 21:13...

Posted: Apr 02, 2024

Using Data Science to End Surprise Billing

Insurance Thought Leadership

Using Data Science to End Surprise Billing Life & Health ClareCarroll1 Tue, 04/02/2024 -...

Posted: Apr 02, 2024

Could AI Have Prevented Opioid Crisis in Workers’ Comp?

Insurance Thought Leadership

Could AI Have Prevented Opioid Crisis in Workers’ Comp? AI & Machine Learning ClareCarroll1

Posted: Apr 02, 2024

Top Use Cases for Blockchain in Insurance

Insurance Thought Leadership

Top Use Cases for Blockchain in Insurance Blockchain ClareCarroll1 Tue, 04/02/2024 - 20:51...

Posted: Apr 02, 2024

Baltimore bridge collapse may trigger historic marine loss, says Lloyd's CEO

NU Property & Casualty 360

Barclays estimated that insurers face claims of as much as $3 billion following the accident.

Posted: Apr 02, 2024

What is synthetic data, and how are insurers using it?

NU Property & Casualty 360

Advances in generative AI have enhanced the accuracy of synthetic data, which makes it a valuable tool.

Posted: Apr 02, 2024

7 Investments to Fuel Remote Insurance Sales and Client Management

IA Magazine

Technology is reshaping insurance sales and client management, providing new opportunities for success for insurance professionals.

Posted: Apr 02, 2024

Top 5 Most-Read Articles in Independent Agent in March

IA Magazine

March may be in like a lion and out like a lamb, but the crisis in the personal lines segment continues as costs from catastrophes rise steeply.

Posted: Apr 02, 2024

Top 10 P&C carriers for all lines in 2023 based on NAIC report

NU Property & Casualty 360

Insurers across all lines wrote $960,802,932,489 in direct premiums in 2023, according to NAIC market share report.

Posted: Apr 02, 2024

Generali Completes Acquisition of Conning from Cathay Life

IIR

Conning and its affiliates will continue to operate under current leadership and brands, with new strategic support from Generali to accelerate corporate strategy.

Posted: Apr 02, 2024

Major earthquake sparks tsunami concerns in Taiwan

NU Property & Casualty 360

The island nation produces more than half of the world's laptops, motherboards and network devices.

Posted: Apr 02, 2024

Around the P&C insurance industry: April 3, 2024

NU Property & Casualty 360

Insurance industry news from Arch Insurance, NFP, PCF Insurance Services and more featured in weekly update.

Posted: Apr 02, 2024

Rise in mental health leaves of absence call for proactive measures

NU Property & Casualty 360

ComPsych data shows that within the past six years, mental health-related leaves of absence have increased a shocking 300%.

Posted: Apr 02, 2024

Novidea Names Jeff Heine Chief Revenue Officer

IIR

The former Betterview and Groundspeed Analytics executive joins Novidea to lead global sales and drive revenue success.

Posted: Apr 02, 2024

Seguros Banorte Drives Digital Transformation with Equisoft Policy Admin System

IIR

The go-live includes the migration of 27 million policies, from 31 products and 104 plans within Seguros Banorte’s Group Life Insurance business division.

Posted: Apr 02, 2024

On the road to excellence: Workers' comp insights from the WCI

NU Property & Casualty 360

Andrew Sabolic of the WCI discusses the organization’s work and what makes an excellent workplace safety program.

Posted: Apr 02, 2024

Unlock the Power of Connected Underwriting: Reduce Time to Quote and Boost Customer Satisfaction

coverager

See how underwriters can reclaim lost efficiency with speed, accuracy, and a seamless digital experience to meet the evolving demands of insurance customers.

Posted: Apr 02, 2024

Millions of Recalled Hyundai and Kia Vehicles, With Dangerous Defect, Remain on Road

Carrier Management

Millions of Recalled Hyundai and Kia Vehicles, With Dangerous Defect, Remain on Road I...

Posted: Apr 02, 2024

Farmers Names Allstate Veteran as Chief Financial Officer

Carrier Management

Farmers Names Allstate Veteran as Chief Financial Officer Farmers Insur...

Posted: Apr 02, 2024

Devonshire formally launches

coverager

The London-based company will be led by four founders and partners.

Posted: Apr 02, 2024

Ascot announces parametric insurance capabilities

coverager

Ascot’s parametric solutions are available across perils and a range of industries to help protect clients against the occurrence of a specific, trigger-based event.

Posted: Apr 02, 2024

Amwins launches Amwins InstantQuote

coverager

Amwins IQ currently offers multiline quoting.

Posted: Apr 02, 2024

State Farm expands Ting fire safety program

coverager

See how underwriters can reclaim lost efficiency with speed, accuracy, and a seamless digital experience to meet the evolving demands of insurance customers.

Posted: Apr 02, 2024

Healing at Home: A Holistic Guide to Workers’ Compensation Recovery

Risk & Insurance

How specialty solutions providers play a pivotal role in facilitating total care. The post Healing at Home: A Holistic...

Posted: Apr 02, 2024

Insurance Firms Ready to Adopt AI Despite Data Quality, Bias Challenges

Risk & Insurance

Despite challenges related to cost, data quality, and bias, 66% of insurers plan to adopt AI in their operations this year, according to an EAIC survey. The post

Posted: Apr 02, 2024

People Moves: Tokio Marine HCC CPLG Names New VPs and Head of Emerging Markets

Insurance Journal

Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a member of the Tokio Marine HCC group of companies based in Houston, Texas, named two new vice presidents and a head of emerging markets. CPLG appointed Patrick Gallic as …

Posted: Apr 02, 2024

People Moves: BHSI Appoints 3 in Transactional Liability, Claims and Customer & Broker Engagement Te...

Insurance Journal

Berkshire Hathaway Specialty Insurance (BHSI) named a new head of Transaction Liability in Canada and has also promoted two executives in Europe within the claims and customer & broker engagement teams. Chres Lee has been named head of Transactio...

Posted: Apr 02, 2024

People Moves: BHSI Appoints 3 for Transactional Liability, Claims and Customer & Broker Engagement T...

Insurance Journal

Berkshire Hathaway Specialty Insurance (BHSI) named a new head of Transaction Liability in Canada and has also promoted two executives in Europe within the claims and customer & broker engagement teams. Chres Lee has been named head of Transactio...

Posted: Apr 02, 2024

Baltimore bridge collapse a major but manageable marine loss event: S&P

Reinsurance News

S&P Global Ratings has said that although the Francis Scott Key Bridge collapse in Baltimore could cause the largest marine insurance losses recorded since Costa Concordia in 2012, it will be a manageable earnings event for the global reinsura...

Posted: Apr 02, 2024