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PZU Strengthens Insurance Pricing Models with Akur8’s Demand Module

IIR

The company seeks to better understand customer demand and price sensitivity, enabling it to offer competitive personalized insurance products.

Posted: Mar 26, 2024

Homeowners say coverage affordability is becoming more challenging

NU Property & Casualty 360

Most policyholders blame inflation and home prices for recent premium increases.

Posted: Mar 26, 2024

Arete Adjusting Launches Operations in North America

IIR

The company’s data-driven approach, end-to-end claims management and customized solutions are directed toward delivering more profitable, sustainable portfolios for underwriters in the North American logistics sector.

Posted: Mar 26, 2024

Affinity vs. embedded insurance and today’s consumers

NU Property & Casualty 360

Affinity insurance marketing remains crucial despite shifting policyholder tastes, says PIMA Executive Director Ann Dieleman.

Posted: Mar 26, 2024

Rising risk: Workplace misconduct is harming both employees and companies

NU Property & Casualty 360

When people see others engaging in misconduct, they are more likely to engage in it themselves.

Posted: Mar 26, 2024

Travelers' 2024 Personal Insurance Agents of the Year Award winners share industry insights

NU Property & Casualty 360

Award-winning agencies elaborate on their technology integration and methods for staying informed about evolving policyholder needs.

Posted: Mar 26, 2024

Around the P&C insurance industry: March 27, 2024

NU Property & Casualty 360

Insurance industry news from Duck Creek Technologies, Agero, Marsh and more featured in weekly update.

Posted: Mar 26, 2024

Core Specialty Transacts Duck Creek OnDemand via Microsoft Azure Marketplace

IIR

Through its relationship with Microsoft, Duck Creek seeks to redefine the customer experience and simplify transactions for technology-focused insurers such as Core Specialty

Posted: Mar 26, 2024

Protected: Dangerous Jobs: Why Health Screenings Are Critical to Protect Firefighters

Risk & Insurance

There is no excerpt because this is a protected post. The post Protected: Dangerous Jobs: Why Health...

Posted: Mar 26, 2024

CCC: Vehicle Complexity, Rising Labor Costs, Shortages Pressure Carriers

Carrier Management

CCC: Vehicle Complexity, Rising Labor Costs, Shortages Pressure Carriers Despite safer vehicles o...

Posted: Mar 26, 2024

Record $108 Billion Insured Losses from Natural Disasters in 2023

Risk & Insurance

With global insured losses from natural disasters hitting $108 billion in 2023, Swiss Re emphasizes the urgent need for adaptation measures and climate risk mitigation. The post

Posted: Mar 26, 2024

Public-private partnerships play a key role in climate adaptation: Swiss Re’s Menzinger

Reinsurance News

Climate mitigation and adaptation is essential to continue reducing emissions to counter hazard intensification, and public-private partnerships play a key role in funding and enabling this, according to Ivo Menzinger, Head EMEA, Public Sector Sol...

Posted: Mar 26, 2024

Marsh launches $825 million facility for custodians of digital assets

coverager

The facility will support those organizations with digital assets held offline.

Posted: Mar 26, 2024

Hannover Re combines cyber and digital underwriting expertise in new business unit

coverager

The new business unit will further enhance Hannover Re’s position as a trusted business partner for insurtechs.

Posted: Mar 26, 2024

HSB introduces cyber insurance for cars

coverager

The new coverage has not been approved by any state insurance departments. 

Posted: Mar 26, 2024

ELEMENT raises €50 million

coverager

The new offering gives customers coverage for travel and accommodation expenses that are paid for with their Yonder card.

Posted: Mar 26, 2024

US Great Plains, Midwest Brace for More Snow: Weather Watch

Insurance Journal

A large storm is keeping the upper Great Plains and Midwest of the US stuck in winter. The region is expected to see an additional 2 to 4 inches (5 to 10 centimeters) of snowfall on Tuesday, according to a …

Posted: Mar 26, 2024

Midwest Builders’ Casualty Renames to Waypoint Mutual

Insurance Journal

Midwest Builders’ Casualty Mutual Company, a large, regional, specialized workers’ compensation insurance carrier, announced that they are changing their name to Waypoint Mutual effective April 1. Kansas City, Missouri-based Waypoint Mutu...

Posted: Mar 26, 2024

Med Mal Trial Must Resume in Mysterious Case of Broken Hips at Florida Hospital

Insurance Journal

Call it the mystery of the broken hips. In 2017, 36-year-old Michael Barber attempted to take his own life by swallowing four types of medications. He then had a change of heart and called 9-1-1. He was conscious when emergency …

Posted: Mar 26, 2024

People Moves: JM Wilson Promotes Chalus to Transportation Underwriter

Insurance Journal

JM Wilson, headquartered in Portage, Michigan, named Eric Chalus as transportation underwriter. Chalus’s responsibilities include underwriting a new and renewal commercial transportation accounts, as well as maintaining relationships with carri...

Posted: Mar 26, 2024

People Moves: Everest Promotes Williamson to Lead Global Re/Insurance Businesses

Insurance Journal

Everest Promotes Williamson to Lead Global Re/Insurance Businesses Everest Group Ltd., the Bermuda-based property, casualty, and specialty re/insurer, announced that Jim Williamson has been promoted to lead Everest’s reinsurance and insurance b...

Posted: Mar 26, 2024

Skyward Specialty Partners with New Heights to Enhance Crane and Millwright Capabilities

Insurance Journal

Skyward Specialty Insurance Group, Inc and New Heights Insurance Solutions, a division of Specialty Program Group LLC, announced a strategic partnership to expand crane and millwright capabilities for both companies. With more than than two decades o...

Posted: Mar 26, 2024

Skyward Specialty, New Heights Partner to Enhance Crane and Millwright Capabilities

Insurance Journal

Skyward Specialty Insurance Group, Inc and New Heights Insurance Solutions, a division of Specialty Program Group LLC, announced a strategic partnership to expand crane and millwright capabilities for both companies. With more than than two decades o...

Posted: Mar 26, 2024

The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re

Insurance Journal

Global insured losses from natural catastrophes in 2023 exceeded US$100 billion for the fourth consecutive year – an indication of the new norm for nat cat losses, according to Swiss Re. Other record-breaking numbers for 2023 included the total of &#...

Posted: Mar 26, 2024

California Doubles Water Allocation for Most Contractors After February Storms

Carrier Management

California Doubles Water Allocation for Most Contractors After Februar...

Posted: Mar 26, 2024

Container Ship Causes Baltimore Bridge Collapse

Carrier Management

Container Ship Causes Baltimore Bridge Collapse Baltimore's Francis Scott Key Bridge collapsed early on Tuesday...

Posted: Mar 26, 2024

NCCI: Complex Factors Influence Whether Wage Impacts TTD

Carrier Management

NCCI: Complex Factors Influence Whether Wage Impacts TTD A new study released by the National Council on Compensation Insurance (NCCI), examining the impact of wage on temporary disability in workers' compensation claims indicates there are a number...

Posted: Mar 26, 2024

PIC completes £510m buy-in of Next Group pension plan

Reinsurance News

Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension funds, has completed a full scheme buy-in with the Trustee of the 2013 Next Group Pension Plan for £510 million. The bulk annuity transaction represents the s...

Posted: Mar 26, 2024

Mexico’s Lawsuit Against Arizona Gun Dealers Can Proceed, US Judge Rules

Insurance Journal

A U.S. judge on Monday ruled that the Mexican government could move forward with a lawsuit accusing five Arizona gun dealers of participating in the trafficking of weapons and ammunition to drug cartels across the U.S.-Mexico border. U.S. District Ju...

Posted: Mar 26, 2024

Incline gets new E&S insurer rated by AM Best

Reinsurance News

Global credit rating agency AM Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) to Incline’s new Excess and Surplus (E&S) insurer, Incline Amer...

Posted: Mar 26, 2024