All Posts
Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the British home and motor insurer tries to fend off takeover offers from Belgian rival Ageas. The 189.6 million pound ($242.6 …
Posted: Mar 21, 2024
Saudi Reinsurance Co. has signed reinsurance contracts with Probitas Corporate Capital Ltd, the ultimate holding company of the Probitas Group, with a duration of one year from January 1st, 2024. The estimated gross written premium (GWP) value is...
Posted: Mar 21, 2024
A Houston, Texas-area contractor is facing more than a quarter million dollars in fines after a federal investigation found the company’s willful regard for required safety procedures contributed to a teenager’s death when a a 15-foot tre...
Posted: Mar 21, 2024
Gabriel, an Israel-based technology company that tackles the challenge of mass shootings and workplace violence threats, announced it has partnered with global specialty re/insurance group Chaucer and crisis management specialists Merrill Herzog to p...
Posted: Mar 21, 2024
Zurich Insurance has partnered with travel and leisure e-commerce platform Klook to introduce FlyEasy coverage, which, powered by Zurich Edge platform with micro-services from Blink Parametric, aims to reduce customer stress from long flight delay...
Posted: Mar 21, 2024
Talanx Group, the parent company of Hannover Re, has disclosed a record group net income of €1.58 billion for 2023, surpassing its original earnings forecast. Talanx also revealed that its insurance revenue rose to €43.2 billion in 2023, up from €...
Posted: Mar 21, 2024
An Ohio will pay $50,000 to settle an age discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. Cedar Fair, L.P., doing business as Cedar Point, and Magnum Management Corporation, which...
Posted: Mar 21, 2024
Health & safety has emerged as the most important risk facing directors and officers (D&O) in 2024, with risk associated to cyber attacks falling to second place, according to broking and solutions company WTW and global law firm, Clyde &#...
Posted: Mar 21, 2024
CHICAGO (AP) — The city of Chicago sued Glock Inc. on Tuesday, alleging the handgun manufacturer is facilitating the proliferation of illegal machine guns that can fire as many as 1,200 rounds per minute on the streets of the city. …
Posted: Mar 21, 2024
Bermuda-headquartered SiriusPoint Ltd., a global specialty re/insurer, has strategically partnered with NIP Group, a specialty insurer, to establish a new Excess and Surplus (E&S) program underwriting platform. This collaboration aims to cater...
Posted: Mar 21, 2024
Insurance Business Magazine - US
Posted: Mar 21, 2024
Posted: Mar 21, 2024
As a speed boat carrying more than a dozen Somali pirates bore down on their position in the western Indian Ocean, the crew of a Bangladeshi-owned bulk carrier sent out a distress signal and called an emergency hotline. No one …
Posted: Mar 21, 2024
Guy Carpenter, the reinsurance broking business within Marsh McLennan, highlights the importance of understanding how cyber catastrophe models respond to various scenarios in its latest cyber research study. In the reinsurance broker’s study, it e...
Posted: Mar 21, 2024
Investors in Germany’s cannabis sector are holding back and some startups risk running out of cash amid uncertainty over whether a partial legalization of the drug for recreational use will take effect as planned on April 1. After the ruling &#...
Posted: Mar 21, 2024
Agile Underwriting Services has received ‘in-principle’ approval from the Lloyd’s insurance and reinsurance marketplace to create Agile Syndicate 2427 (AUS 2427), and anticipates writing £34.1 million of gross written premium (GWP) for the 2024 ye...
Posted: Mar 21, 2024
Britain’s banks and other financial firms are boosting the number of women in senior management roles, but unless the pace quickens, it will take until 2038 to reach gender parity, the finance ministry said on Thursday. The ministry’s Wom...
Posted: Mar 21, 2024
Sure revealed that 71% of insurance industry decision-makers are dissatisfied with the level of effort to get updated insurance programs off the ground and launched digitally, despite the widespread use of legacy rate service organisations (RSOs)...
Posted: Mar 21, 2024
Moody’s Ratings has assigned a B3 corporate family rating and a B3-PD probability of default rating to the Charlotte domiciled, Truist Insurance Holdings, LLC (TIH), with a stable rating outlook. The rating company has also assigned a B2 rating to...
Posted: Mar 21, 2024
The U.S. government is warning state governors that foreign hackers are carrying out disruptive cyberattacks against water and sewage systems throughout the country. In a letter released Tuesday, National Security Advisor Jake Sullivan and Environmen...
Posted: Mar 21, 2024
Dutch airline KLM misled customers through advertisements that suggested its flights are climate friendly, an Amsterdam court ruled. KLM makes climate claims in advertisements that are “based on vague and general statements about environmental...
Posted: Mar 21, 2024
The Environmental Protection Agency on Monday announced a comprehensive ban on asbestos, a carcinogen that kills tens of thousands of Americans every year but is still used in some chlorine bleach, brake pads and other products. The final rule marks...
Posted: Mar 21, 2024
Aspire General Insurance named Tom DelCorso vice president of claims. DelCorso has more than 20 years of claims leadership experience to the role, joining Aspire from Allstate Canada, where he was vice president of claims. Prior to that, he was ̷...
Posted: Mar 21, 2024
The ocean and beaches have always been a part of Atlantic City’s identity: from salt water taffy to Miss America bathing beauties to the name of the place itself, the city has been marketed as a place to have fun …
Posted: Mar 21, 2024
The University of Maryland, Baltimore County violated federal regulations by failing to protect students from sexual harassment and discrimination at the hands of the school’s former head swim coach, a U.S. Department of Justice investigation f...
Posted: Mar 21, 2024
The Utah Insurance Department issued a warning about unlicensed companies and individuals offering coverage for damaged packages or packages stolen from porches. The department noted that some companies are using technicalities and fine print to avoi...
Posted: Mar 21, 2024
This post is part of a series sponsored by AgentSync. Insurance is full of fun acronyms. So full, in fact, that we’ve written multiple pieces like this one and this one to try and cover as many as possible. While …
Posted: Mar 20, 2024
State Farm Update: More ‘Difficult but Necessary’ Decisions in California State Farm wasn't quite d...
Posted: Mar 20, 2024
Founded in 2016, Gabriel has developed a proactive emergency response solution for active shooter, workplace violence, and other emergencies.
Posted: Mar 20, 2024
Insurity released the results of its 2024 AI in Insurance Report, revealing 63% of respondents had a positive AI experience with their insurer.
Posted: Mar 20, 2024
The new survey found that women are increasingly taking charge of their financial security and insurance decisions.
Posted: Mar 20, 2024
The insurer uses the ClaimsX advanced fraud detection and claim monitoring technology that leverages publicly available web data for real-time assessment and decision making.
Posted: Mar 20, 2024
The new release includes key enhancements for customers across all markets served by the vendor.
Posted: Mar 20, 2024
Rep. Ritchie Torres (D-New York) will address attendees at the 2024 Big “I" Legislative Conference, which will take place April 10-12 in Washington, D.C.
Posted: Mar 20, 2024
Outdated equipment and open networks make operational technologies at industrial complexes susceptible to cyberattacks.
Posted: Mar 20, 2024
Bringing over 20 years of industry experience to the role, Hellrung will lead all aspects of the U.S. operations across service delivery, strategy, transformation, data, and process excellence.
Posted: Mar 20, 2024
New SEC rules are designed to standardize climate-related disclosures about GHG emissions and weather-related risks by public companies and offerings.
Posted: Mar 20, 2024
Cyber liability coverage is now necessary for most businesses, but it's no substitute for strong cybersecurity procedures.
Posted: Mar 20, 2024
Insureds who use digital tools for claims reporting see faster claim times overall, but J.D. Power found that this hasn’t helped overall satisfaction among those customers.
Posted: Mar 20, 2024
The insurer will use ZestyAI’s property intelligence solutions to optimize the inspection process for and accurately assess property risk.
Posted: Mar 20, 2024
The final rule issued by the U.S. Department of Labor (DOL) intends to clarify the standard for determining whether a worker is an employee or an independent contractor under the Fair Labor Standards Act (FLSA).
Posted: Mar 20, 2024
The partnership pairs enterprise-ready AI with state-of-the-art SaaS solutions, allowing for seamless data flow and automation, enhanced operational efficiency, and reduced costs for insurance organizations.
Posted: Mar 20, 2024
In total, the company will not be renewing some 72,000 commercial and personal property policies in the state.
Posted: Mar 20, 2024
This post is part of a series sponsored by CoreLogic. In 2023, the United States faced an unprecedented property risk crisis, highlighted by a significant disparity between insurance policy pricing and the escalating risks posed by natural catastroph...
Posted: Mar 20, 2024
State Farm General Insurance Co. said it will non-renew 30,000 California homeowners, rental dwelling, and other property insurance policies State Farm announced in May last year it had stopped accepting new policy applications for property/casualty...
Posted: Mar 20, 2024