All Posts

Acera Insurance acquires M.E.F. Services

coverager

Acera Insurance is the largest independent, employee-controlled brokerage in Canada.

Posted: Mar 19, 2024

Honeycomb expands to Connecticut and Virginia, now covering ~60% of US population

coverager

Honeycomb Insurance has officially launched in Connecticut & Virginia, their 15th and 16th active states. With Connecticut and Virginia live, Honeycomb now covers ~60% of the US population across 16 states.

Posted: Mar 19, 2024

Coterie Secures $27M in Growth Capital Funding

IIR

Having raised $102M to date, the company says it continues to scale with revenue growing by over 200 percent in 2023.

Posted: Mar 19, 2024

Public Risk Underwriters of Florida Selects Origami Risk for PAS, Billing

IIR

The program manager is using Origami’s multi-tenant SaaS P&C insurance suite to drive efficiency and enhance services to member risks pools across Florida.

Posted: Mar 19, 2024

10 least affordable housing markets in 2024

NU Property & Casualty 360

Zillow analysis identifies the least affordable housing markets in 2024, discovers a 96.4% hike in mortgage payments and rise in “house hacking.”

Posted: Mar 19, 2024

Around the P&C insurance industry: March 20, 2024

NU Property & Casualty 360

Insurance industry news from Nordic Capital, Chubb, USQRisk and more featured in weekly update.

Posted: Mar 19, 2024

Save the Date: Triple-I and International Insurance Society Team Up for Week of Transformative Discu...

Insurance Information Institute

For Immediate Release New York Press Office: Loretta Worters, 917-208-8842, [email protected]     NEW YORK, March 20, 2024—The Insurance Information Institute (Triple-I) will hold its 2024 Joint Industry Forum (JIF) in Miami, Florida, on Tuesday, Nov....

Posted: Mar 19, 2024

$15M awarded in pool stairway slip-and-fall

NU Property & Casualty 360

The settlement consisted of $12 million from an AXA XL excess coverage policy and $3 million total from three other policies.

Posted: Mar 19, 2024

Labor trends flashing positive for workers' comp, NCCI reports

NU Property & Casualty 360

Wages have continued growing, in turn boosting payrolls and premiums for most industries.

Posted: Mar 19, 2024

EPA bans ongoing use, importing of chrysotile asbestos

NU Property & Casualty 360

Chrysotile is the only known type of asbestos still being imported, processed and distributed in the U.S.

Posted: Mar 19, 2024

Duck Creek Launches Payment Solution

IIR

The cloud-based SaaS solution provides flexibility to carriers and offers access to any global payment provider or technology for premium collections and claims disbursements.

Posted: Mar 19, 2024

Most insurance agencies grew revenues, production in 2023

NU Property & Casualty 360

Part 3 of 3: Agents are muddling through rising premiums, tough technology and a challenging regulatory environment.

Posted: Mar 19, 2024

CCC Inbound Subrogation Streamlines Claims Resolutions

IIR

The solution applies AI and other advanced technology to help carriers assess inbound demands within minutes and efficiently pay what they owe when settling subrogation claims.

Posted: Mar 19, 2024

4 Challenges in Adopting Broker Technology

Insurance Thought Leadership

4 Challenges in Adopting Broker Technology Agent & Broker ClareCarroll1 Tue, 03/19/2024...

Posted: Mar 19, 2024

Generative AI Advances to Reshape the Cyber Risk Landscape

Risk & Insurance

The rise of generative AI and Large Language Models (LLMs) heralds a new era in cyber risk, potentially enabling more effective and widespread cyber-attacks, warns a recent report from Lloyd's. The post

Posted: Mar 19, 2024

Boundless Rider launches in Illinois

coverager

All policies in Illinois are underwritten by Incline Casualty Company.

Posted: Mar 19, 2024

5 Robotic Trends to Watch in 2024

Carrier Management

5 Robotic Trends to Watch in 2024 Artificial intelligence is opening the door to i...

Posted: Mar 19, 2024

J.D. Power: Homeowners Insurance Customer Satisfaction at 7-Year-Low

Carrier Management

J.D. Power: Homeowners Insurance Customer Satisfaction at 7-Year-Low Wit...

Posted: Mar 19, 2024

Strong pricing levels for reinsurance propelled ILS market in 2023: AM Best

Reinsurance News

According to rating agency AM Best, the strong pricing levels for reinsurance capital was one factor that helped generate a record-breaking year for the insurance-linked securities (ILS) market in 2023. Throughout last year, reinsurance pricing ro...

Posted: Mar 19, 2024

Midwest Tornado Outbreak Linked to Record Winter Warmth

Insurance Journal

This winter’s record warmth provided the key ingredient for a Midwest outbreak of deadly tornadoes and damaging gorilla hail that hit parts of the Midwest last Wednesday and Thursday, tornado experts said. At least three people were killed in T...

Posted: Mar 19, 2024

Boundless Rider Expands Motorcycle, Powersport Coverage to Illinois

Insurance Journal

Boundless Rider, a new insurtech focused on insurance for motorcycle and powersport riders, announced that policy coverage is available for purchase in Illinois. Owners of on-road and off-road motorcycles, ATVs, UTVs, snowmobiles, scooters, and moped...

Posted: Mar 19, 2024

NTSB Investigates Fatal Crash Involving Ford Electric Vehicle in San Antonio

Insurance Journal

The National Transportation Safety Board is investigating a fatal crash in San Antonio, Texas, involving a Ford electric vehicle that may have been using a partially automated driving system. The agency said in a statement Friday that a team of &#823...

Posted: Mar 19, 2024

Sompo appoints Allen CUO of its Global Markets Commercial P&C business

Reinsurance News

Sompo has appointed Richard “Rick” Allen as Chief Underwriting Officer for its Global Markets Commercial P&C insurance business. In the new role, Allen will reportedly work closely with the commercial P&C insurance chief underwriting offic...

Posted: Mar 19, 2024

Ohio Governor Declares Emergency After Deadly Severe Storms

Insurance Journal

COLUMBUS, Ohio (AP) — Ohio’s governor has declared a state of emergency in 11 counties across central Ohio struck by severe weather last week. Gov. Mike DeWine also activated the Ohio National Guard to help officials in one county, Logan &#8230...

Posted: Mar 19, 2024

Louisiana Truck Driver Charged After Deadly 2023 Pileup

Insurance Journal

RESERVE, La. (AP) — A Louisiana truck driver has been charged with negligent homicide for his role in a fiery highway pileup that left eight dead last year after a “super fog” of marsh fire smoke and dense fog snared …

Posted: Mar 19, 2024

MS Amlin names Martin Burke as permanent CUO

Reinsurance News

MS Amlin, the Lloyd’s global insurer and reinsurer, has announced that Martin Burke has been appointed as Chief Underwriting Officer (CUO) on a permanent basis. Burke took up the role as interim CUO in October last year, having previously se...

Posted: Mar 19, 2024

CFC launches carbon delivery insurance policy

coverager

CFC has built a "sophisticated underwriting model" that rates the carbon project itself rather than the policyholder.

Posted: Mar 19, 2024

More Lawsuits Filed in Boeing 737 Jet Blowout

Carrier Management

More Lawsuits Filed in Boeing 737 Jet Blowout More passengers who were aboar...

Posted: Mar 19, 2024

Coterie Secures $27M in Oversubscribed Growth Capital Funding

coverager

All policies in Illinois are underwritten by Incline Casualty Company.

Posted: Mar 19, 2024

5th Circuit Finds Travelers Policy Excluded Waste Dumping by Mississippi Firm

Insurance Journal

Courts have found that policy exclusions often fail due to ambiguous wording. In the case of a Mississippi company that allegedly dumped corrosive wastewater into sewer systems, though, Travelers Casualty and Surety Company’s pollution exclusio...

Posted: Mar 19, 2024

LIIBA clarifies FCA’s territorial scope

Reinsurance News

London and International Insurance Brokers’ Association (LIIBA), the representative body for London market insurance brokers, has confirmed with its members that the Financial Conduct Authority’s (FCA) conduct rules do not apply to distribution se...

Posted: Mar 19, 2024