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Moody’s on Why 2023 Was So Warm and What Will Happen This Year

Insurance Journal

A Moody’s publication looks why it was so warm last year and the impacts the effects of global warming will have in 2024. The publication “Warmest Year; Warmest Months: Climate Change and El Niño Edged the Global Closer to the …

Posted: Mar 22, 2024

Biden’s LNG-Permit Halt Challenged by 16 States in Lawsuit

Insurance Journal

Texas, Louisiana and more than a dozen other US states challenged the Biden administration’s suspension of new licenses to export natural gas via ocean-going tankers. A lawsuit filed against President Joe Biden and the US Department of Energy i...

Posted: Mar 22, 2024

Coastal insurer SURE to offer surplus lines homeowners in California

Reinsurance News

Demotech-rated SureChoice Underwriters (SURE), a policyholder-owned coastal insurer, has launched its surplus lines homeowners insurance products in California, in partnership with managing general underwriters SageSure. With this new insurance so...

Posted: Mar 22, 2024

Red Sea Fighting Traps Two Oil Ships in Houthi Waters

Insurance Journal

Two tankers, containing oil and toxic waste, are stuck in the Red Sea in the firing line between Western naval forces and Yemen’s Houthi militants despite repeated efforts by the United Nations to empty and move the ships to avoid …

Posted: Mar 22, 2024

Denmark Detains Shadow Fleet Oil Tanker After Ship Collision

Insurance Journal

Danish maritime authorities have detained a tanker that was due to carry Russian oil after it collided with another ship in its waters earlier this month. The Andromeda Star collided with a cargo ship called Peace south of Copenhagen on …

Posted: Mar 22, 2024

SpaceX Forced Workers to Sign Illegal Severance Agreements, Claims NLRB

Insurance Journal

Elon Musk’s SpaceX has been accused by a U.S. labor agency of requiring employees who were laid off or fired from the rocket and satellite maker to sign unlawful agreements barring them from disparaging the company and joining class-action laws...

Posted: Mar 22, 2024

Possibility of a Billion-Dollar Systemic Cyber Event ‘Is Real’

Insurance Journal

A systemic event and the threat it could pose to insurers’ portfolios is not the million dollar question, but perhaps the billion dollar question, according to Norman Niami, immediate past chairperson and member of The American Academy of Actua...

Posted: Mar 22, 2024

Wary of New Security Law, Foreign Firms in Hong Kong Bolster Contingency Plans

Insurance Journal

Vague provisions in Hong Kong’s new national security law around state secrets and links to foreign entities have put on edge many global businesses in the financial hub, with some consultants and hedge funds updating contingency plans and seek...

Posted: Mar 22, 2024

Corner Turned? Top Florida Insurers See First Profit in Seven Years, S&P Global Says

Insurance Journal

Florida’s beleaguered property insurance market is starting to look normal again, with the top insurers in the state showing a collective profit for the first time in seven years, S&P Global Market Intelligence reported this week. The turna...

Posted: Mar 22, 2024

Pinnacol in Colorado Issues $15M Dividend to Businesses

Insurance Journal

Pinnacol Assurance issued $15 million general dividend to businesses throughout Colorado. This is the ninth straight year Pinacol has issued dividends to customers. Pinnacol Assurance operates similarly to a mutual insurer, treating customers as its...

Posted: Mar 22, 2024

Washington Insurance Commissioner Fines Company $100K for Operating Illegally

Insurance Journal

Washington Insurance Commissioner Mike Kreidler fined First Premier Home Warranty Corp. $100,000 and ordered the New York-based home warranty company to stop conducting insurance business in Washington. The cease-and-desist order notes that First Pre...

Posted: Mar 22, 2024

Medical Marijuana Law Does Not Impair Employers’ Right to Drug-Free Workplace

Insurance Journal

A Connecticut employer has the right to terminate an employee who is impaired by medical marijuana in the workplace. The Connecticut Appellate Court on March 19 upheld the dismissal of a lawsuit brought against a nonprofit pre-school by a teaching &#...

Posted: Mar 22, 2024

A Bridge Too Small: Historic Covered Bridges Threatened by Trucks With GPS for Cars

Insurance Journal

One of Vermont’s historic covered bridges has fallen under threat from modern technology. Box truck drivers relying on GPS continually crash through Lyndon’s 140-year-old Miller’s Run bridge despite signs, including a flashing one,...

Posted: Mar 22, 2024

More overlap in case facts needed to deny D&O coverage, Delaware court says

NU Property & Casualty 360

The claim was initially denied because a policy provision excluded coverage for related claims.

Posted: Mar 21, 2024

Preparing your business for spring weather risks

NU Property & Casualty 360

With the possibility of late snowfall and severe weather on the horizon this spring, businesses must create a plan to get ahead of unique spring risks.

Posted: Mar 21, 2024

Supreme Court sinks yacht owner’s insurance counterclaim on choice-of-law grounds

NU Property & Casualty 360

U.S. Supreme Court decides choice-of-law provision stands after yacht owner’s insurance called for using state law of Pennsylvania over New York law.

Posted: Mar 21, 2024

Guardian names Erin Culek to new role of Chief Strategy & Operating Officer

IIR

Culek will lead the newly formed Enterprise Strategy and Solutions organization, which brings together key capabilities to drive long-term value creation and enhance operational effectiveness.

Posted: Mar 21, 2024

Additional Insureds on a COI: Is the Word ‘Blanket’ Misleading?

IA Magazine

What is the proper wording for reflecting additional insureds on certificates of insurance (COIs)?

Posted: Mar 21, 2024

NHTSA investigates Honda braking issues, second time in two years

NU Property & Casualty 360

Honda is cooperating with the NHTSA for the second time since 2022 to investigate issues with its emergency braking system.

Posted: Mar 21, 2024

Verisk Integrates with Seek Now

IIR

Seek Now’s technology will be seamlessly integrated within Verisk’s suite of property estimating solutions, eliminating the need for manual information transfer.

Posted: Mar 21, 2024

Boundless Rider Announces Availability of Motorcycle/Powersport Coverage in Illinois

IIR

The agency offerings high-quality affordable motorcycle and powersport insurance is available via direct purchase or through agents using a quick quote tool.

Posted: Mar 21, 2024

People on the move in the P&C insurance industry: March 22, 2024

NU Property & Casualty 360

The latest insurance industry personnel news from RT Specialty, State Farm, Chubb and more.

Posted: Mar 21, 2024

Newgen and InsureMO Partner to Deliver Core and Infrastructure Capabilities

IIR

The partnership combines Newgen’s specialized underwriting and policy administration solutions with InsureMO’s insurance platform.

Posted: Mar 21, 2024

Blink Parametric, Zurich Asia Pacific Collaborate on Flight Delay Solution

IIR

The flight disruption solution integrates with Zurich Edge platform and embedded insurance product suite to provide customers with real-time flight delay benefits.

Posted: Mar 21, 2024

Inside Acuity’s Claims Excellence

IIR

Acuity VP of Claims Jaimie Loiacono and President Melissa Winter discuss the company’s focus on claims excellence behind its recognition by the CRASH Network Insurer Report Card.

Posted: Mar 21, 2024

Cybersecurity, geopolitical top chief risk officers long-term worries

NU Property & Casualty 360

Although risks are becoming more complex, around 75% of CROs are confident in their organizations' ability to manage them.

Posted: Mar 21, 2024

Loyal raises $45 million

coverager

The startup is developing drugs intended to help dogs live longer.

Posted: Mar 21, 2024

‘AI Washing’ Troubles: SEC Fines Investment Firms, Issues Warnings

Carrier Management

‘AI Washing’ Troubles: SEC Fines Investment Firms, I...

Posted: Mar 21, 2024

Small Business InsurTech Coterie Announces $27M Funding Round

Carrier Management

Small Business InsurTech Coterie Announces $27M Funding Round Coterie, an InsurTech managing general agent foc...

Posted: Mar 21, 2024

The Latest Launches from Rainbow, Blink, Hub

Carrier Management

The Latest Launches from Rainbow, Blink, Hub Rainbow, a digitally-enabled man...

Posted: Mar 21, 2024

James J. Rogalsky Promoted to Senior Vice President at ATF Medical

Risk & Insurance

The latest hiring in the workers' comp space today. The post James J. Rogalsky Promoted to Senior Vice President at ATF...

Posted: Mar 21, 2024

Matthew Massaro Appointed Head of Sales and Underwriting for The Hartford’s Northeast Division

Risk & Insurance

The latest hiring announcement in the insurance industry today. The post Matthew Massaro A...

Posted: Mar 21, 2024

Hiscox Names Leigh Hellrung as Chief Operating Officer in the U.S.

Risk & Insurance

The latest hiring announcement in the industry today. The post Hiscox Names Leigh Hellrung as Chief Operating Officer i...

Posted: Mar 21, 2024

George Williams to Lead Small Market Commercial Lines at Nationwide

Risk & Insurance

The latest hiring announcement in the industry today. The post George Williams to Lead Small Market Commercial Lines...

Posted: Mar 21, 2024

5 Trends Shaping Insurance in 2024

Insurance Thought Leadership

5 Trends Shaping Insurance in 2024 AI & Machine Learning ClareCarroll1 Thu, 03/21...

Posted: Mar 21, 2024

The Crisis in Long-Term Care

Insurance Thought Leadership

The Crisis in Long-Term Care Life & Health ClareCarroll1 Thu, 03/21/2024 - 15:30...

Posted: Mar 21, 2024

The Need for 'Digital Fluency' in Insurance

Insurance Thought Leadership

The Need for 'Digital Fluency' in Insurance Going Digital ClareCarroll1 Thu, 03/21/202...

Posted: Mar 21, 2024

First Connect hits 100 carrier & MGA milestone

coverager

Hiscox USA provides same-day coverage for small businesses with $5 million or less in annual revenue.

Posted: Mar 21, 2024

Simply Business surpasses one million customers globally

coverager

The company was founded in the UK in 2005.

Posted: Mar 21, 2024

DoorDash and Wing announce drone delivery pilot in the US

coverager

The pilot will initially be available in Christiansburg.

Posted: Mar 21, 2024

How to Get the Most Out of Coaching

Insurance Thought Leadership

How to Get the Most Out of Coaching Leadership ClareCarroll1 Thu, 03/21/2024 - 14:05

Posted: Mar 21, 2024

Could U.S. Workers and Companies Benefit From a 32-Hour Workweek?

Carrier Management

Could U.S. Workers and Companies Benefit From a 32-Hour Workweek? The 40-ho...

Posted: Mar 21, 2024