All Posts

Customer Success Is Key, but Where to Start?

Insurance Thought Leadership

Customer Success Is Key, but Where to Start? Customer Experience ClareCarroll1 Th...

Posted: Mar 21, 2024

Insurtech Shakes Up Emerging Markets

Insurance Thought Leadership

Insurtech Shakes Up Emerging Markets International ClareCarroll1 Thu, 03/21/2024 - 13:3...

Posted: Mar 21, 2024

Transactional Risk Insurance Remains Robust Amid M&A Downtrend

Risk & Insurance

Despite a dip in M&A activity in 2023, transactional risk insurance thrived, with tech leading the pack in deal value, reveals a Marsh report. The post

Posted: Mar 21, 2024

Chevron to Pay Over $13M in Settlement for California Oil Spills

Insurance Journal

Chevron will pay $13.1 million in settlement agreements with two California state agencies for past oil spills in Kern County, Bakersfield, the California natural resources agency said on Wednesday, as the major oil producing state strengthens regula...

Posted: Mar 21, 2024

Ping An reveals 6.5% P&C revenue growth in 2023

Reinsurance News

Chinese insurer Ping An has released its financial results for the end of 2023, revealing a steady 6.5% year on year growth in property and casualty (P&C) insurance revenue, amounting to RMB 313.458 billion. The company reported an overall com...

Posted: Mar 21, 2024

Texas Cities Rethink Minimum Parking Rules

Insurance Journal

In car-dependent Texas, most cities have rules on how many parking spots must be built anywhere people live, play or do business. But those requirements have come under scrutiny in recent years, with critics saying they do more harm than …

Posted: Mar 21, 2024

New Georgia Regs Would End ‘Half Credits’ for Some Insurance License Courses

Insurance Journal

The Georgia insurance commissioner’s office will hold a hearing April 15 on proposed changes to continuing education regulations for insurance agents. The new rules would bring Georgia in line with industry best practices and would end the prac...

Posted: Mar 21, 2024

CyberSaint Raises $21M for Automating, Quantifying Cyber Risk Management

Insurance Journal

Boston-based cyber risk management firm CyberSaint reports it has raised $21 million in Series A funding led by Riverside Acceleration Capital. Additional participating investors include Sage Hill Investors, Audeo Capital, and BlueIO. CyberSaint&#821...

Posted: Mar 21, 2024

Allstate’s February 2024 cat losses below $150m reporting threshold

Reinsurance News

US primary insurer Allstate has announced that its estimated catastrophe losses for February 2024 were under the $150 million reporting threshold, which is down on the $241 million of cat losses seen in February of last year. Last month, Allstate...

Posted: Mar 21, 2024

Subpoenas in Deadly Maui Wildfire Delay Release of Key Report

Carrier Management

Subpoenas in Deadly Maui Wildfire Delay Release of Key Report Hawaii's attorney general on Monday blame...

Posted: Mar 21, 2024

States Warned About Hackers Carrying Out Disruptive Attacks on Water Systems

Carrier Management

States Warned About Hackers Carrying Out Disruptive Attacks on Water Systems The U.S....

Posted: Mar 21, 2024

New York’s Move Over Law Expands to Included All Stopped Vehicles

Carrier Management

New York’s Move Over Law Expands to Included All Sto...

Posted: Mar 21, 2024

FDIC Draft Proposal: Bank Mergers Above $100B Get Extra Scrutiny

Insurance Journal

Mergers that could result in banks with more than $100 billion in assets should expect heightened scrutiny from the U.S. Federal Deposit Insurance Corporation, according to draft guidance the agency released Thursday. The FDIC’s board of direct...

Posted: Mar 21, 2024

Hiscox appoints Leigh Hellrung as COO in the US

Reinsurance News

Specialist global insurer Hiscox has appointed Leigh Hellrung as Chief Operating Officer in the US. Hellrung holds over 20 years of industry experience having most recently served in customer experience, service delivery and strategic operations l...

Posted: Mar 21, 2024

Zurich expands presence to the Baltic market

Reinsurance News

Zurich Nordic has announced that it will be offering its insurance and risk mitigation services in the Baltic region, in a move that the company hopes will make a difference for businesses operating in the middle-market segment of Estonia, Latvia,...

Posted: Mar 21, 2024

Insurance APIs 101: Application Programming Interfaces and How They Benefit the Industry

coverager

Learn what APIs are, how they work, and how insurance organizations can use them to transform their business operations.

Posted: Mar 21, 2024

Indiana, West Virginia Pass New Restrictions on Third-Party Litigation Financing

Insurance Journal

Efforts to reign in third-party litigation financing are on their way to becoming law in Indiana and West Virginia, a scorecard that is less than what business and insurance interests had hoped for this spring. In Indiana, Gov. Eric Holcomb …

Posted: Mar 21, 2024

AXIS names Kyle Freeman Head of ILS

Reinsurance News

Global specialty underwriter and provider of re/insurance, AXIS Capital Holdings Limited, has announced the appointment of Kyle Freeman as Head of AXIS ILS, effective immediately. In his new role, Freeman will be responsible for overseeing AXIS Ca...

Posted: Mar 21, 2024

PERSONAL AUTO LIMITS

Rough Notes

As rates continue to rise, how much is enough? With clients paying more to renew their existing auto insurance, how can producers induce them to acquire even higher limits needed to keep pace with the very factors driving up the cost of coverage? By...

Posted: Mar 21, 2024

Chief Risk Officers Say Cybersecurity Most Pressing Risk: Survey

Insurance Journal

In an inaugural EY/Institute of International Finance (IIF) global insurance risk management survey, cybersecurity was ranked as the highest concern for chief risk officers. CROs surveyed said the top five risk types or risk management types for the...

Posted: Mar 21, 2024

IRRD will positively impact policyholders, says Moody’s

Reinsurance News

Moody’s Investors Service analysts underscore the positive impact of the EU’s Insurance Resolution and Recovery Directive (IRRD) on policyholders. The IRRD, an EU-wide legislative framework set to be implemented in 2026, aims to uphold financial s...

Posted: Mar 21, 2024

Expert: ‘Unceasing Onslaught’ of Legal Ads Worth Insurance Industry Attention

Carrier Management

Expert: ‘Unceasing Onslaught’ of Legal Ads Worth Insurance Industry Attention Often alarming, misleading or j...

Posted: Mar 21, 2024

Tokio Marine Has $10 Billion for Potential Acquisitions: Executive

Carrier Management

Tokio Marine Has $10 Billion for Potential Acquisitions: Executive Tok...

Posted: Mar 21, 2024

SEC Charges 2 Investment Firms, Doles Out $400,000 in Fines, for ‘AI Washing’

Insurance Journal

The U.S. Securities and Exchange Commission this week said it settled charges against two investment advisers related to “AI washing.” The firms, Delphia Inc. and Global Predictions Inc, will pay a total of $400,000 in civil penalties for...

Posted: Mar 21, 2024

AI brings systematic accumulation risk potential towards portfolios: Munich Re’s Berger

Reinsurance News

With artificial intelligence (AI) practically impacting all aspects of everyday life, the number of insurance gaps when using AI has staggered in recent years. Reinsurance giant Munich Re highlighted this in a recent whitepaper that showcased how...

Posted: Mar 21, 2024

Panel Asks W.Va. Supreme Court if Opioid Distribution Can Cause a Public Nuisance

Insurance Journal

CHARLESTON, W.Va. (AP) — A federal appeals court asked West Virginia’s highest court Monday whether opioid distributions can cause a public nuisance as it reviews a landmark lawsuit against three major U.S. drug distributors accused of causing...

Posted: Mar 21, 2024

Justice Department to Sue Apple for Antitrust Violations

Insurance Journal

The Justice Department is poised to sue Apple Inc. as soon as Thursday, accusing the world’s second most valuable tech company of violating antitrust laws by blocking rivals from accessing hardware and software features of its iPhone. The suit,...

Posted: Mar 21, 2024

Justice Department Sues Apple in Antitrust Case Over iPhone

Insurance Journal

The US Justice Department and 16 attorneys general sued Apple Inc., accusing the iPhone maker of violating antitrust laws by blocking rivals from accessing hardware and software features on its popular devices. The suit, filed Thursday in New Jersey...

Posted: Mar 21, 2024

State Farm to pull out of 72,000 California insurance policies

Reinsurance News

State Farm General Insurance Company has announced that it will non-renew approximately 30,000 California homeowners, rental dwelling, and other property insurance policies. If you recall, last May, the insurer halted new homeowners policies being...

Posted: Mar 21, 2024

Risk Strategies Acquires North American Units of H.W. International

Insurance Journal

Global specialty brokerage Risk Strategies reported that it has acquired the U.S. and Canadian operating entities of global insurance holding company, H.W. International B.V. Based in New York City, Hugh Wood Inc. (U.S.) provides commercial lines, pe...

Posted: Mar 21, 2024

Nine Dead After South Korean-Flagged Vessel Capsizes off Japan, South Korea Says

Insurance Journal

At least nine people were killed when a South Korean-flagged vessel capsized off Japan, South Korea’s foreign ministry said on Thursday. Two South Korean nationals were among the dead, it said, adding that the Japanese coastguard had rescued an...

Posted: Mar 21, 2024

Westfield names Stuart Rosenberg President of Standard Lines

Reinsurance News

US-based property and casualty insurer Westfield has announced the appointment of Stuart Rosenberg to the newly-created position of President of Standard Lines. In his new role, Rosenberg will provide strategic leadership to the personal insurance...

Posted: Mar 21, 2024

Mass shooting insurance product launched by Gabriel in partnership with Chaucer

Reinsurance News

Gabriel, a technology company tackling mass shootings and workplace violence threats, has partnered with specialty re/insurance group Chaucer and crisis management specialists Merrill Herzog to offer a mass shooting insurance product. Designed to...

Posted: Mar 21, 2024