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Insurance pros: Glass half-empty or half-full?

NU Property & Casualty 360

Part 1 of 3: The 2024 Independent Insurance Agent Survey reveals how producers are weathering the historic hard market.

Posted: Mar 17, 2024

Florida Condo Sales and Prices Fall Due to Insurance, Association Costs, Redfin Says

Insurance Journal

Condominium sales and prices in Miami, Jacksonville and Tampa and other parts of Florida have dropped over the past year, largely due to the soaring cost of property insurance and association fees, according to Redfin, a U.S. real estate and …

Posted: Mar 17, 2024

Landslide Destroys Los Angeles Home, Threatening at Least 2 Others

Insurance Journal

A landslide reduced a Los Angeles house under renovation to a jumble of lumber, pulled the pool and deck away from a second home, and left the pool at a third residence on the edge of a huge fissure. The …

Posted: Mar 15, 2024

Andrea E. Russell Appointed as San Bernardino’s Human Resources and Risk Management Director

Risk & Insurance

The latest hiring announcement in the insurance and risk management industry today. The post A...

Posted: Mar 15, 2024

Texas Mutual: Serious Injuries in the Workplace Increased 6% Last Year

Carrier Management

Texas Mutual: Serious Injuries in the Workplace Increased 6% Last Year In a recent safety alert b...

Posted: Mar 15, 2024

Ransomware attack on Change Healthcare pegged as “most significant” in sector history

Reinsurance News

The American Hospital Association has named the suspected ransomware attack on Change Healthcare, a unit of insurance giant UnitedHealth Group’s Optum division, as “the most significant and consequential incident of its kind against th...

Posted: Mar 15, 2024

People Moves: Moscowitz New COO at RT Specialty; Williams to Lead Nationwide’s Small Market Commerci...

Insurance Journal

Moscowitz New COO at RT Specialty RT Specialty promoted Marissa Moscowitz to chief operating officer. Moscowitz has over 15 years of information technology, business intelligence and business operations experience and has been with RT Specialty since...

Posted: Mar 15, 2024

Lockton Partners With Food Science Specialist to Mitigate Risk in Food & Drink Sector

Insurance Journal

Insurance broker Lockton announced a collaboration initiative with the food science company Campden BRI, a leading food science company, to support the food and drink industry and provide key risk mitigation and management support in the face of an e...

Posted: Mar 15, 2024

Fundamental Global reports spike in reinsurance premiums for 2023

Reinsurance News

Fundamental Global Inc., formerly known as FG Financial Group, Inc., has reported Q4 2023 net reinsurance premiums earned of $5.1 million, increasing from $3.2 million in Q4 2022, driven by the successful execution of its strategy to deploy capita...

Posted: Mar 15, 2024

Dollar Tree Down Most Since May on Plan to Shut 1,000 Stores

Insurance Journal

Dollar Tree Inc. plans to shutter about 1,000 stores in an effort to improve profitability as the discount retailer battles a spate of litigation and other headwinds. The company expects to close about 600 Family Dollar stores in the first …

Posted: Mar 15, 2024

Hamilton Insurance Group Sponsors Catastrophe Bond Easton Re

Insurance Journal

Hamilton Insurance Group Ltd., the Bermuda-based re/insurer, announced the sponsorship of a new catastrophe bond through the issuance of Series 2024-1 notes by Easton Re Ltd. Easton Re will provide the company’s operating platforms with risk tr...

Posted: Mar 15, 2024

EU Backs Supply Chain Audit Law After Italy Switches Sides

Insurance Journal

European Union governments backed a proposed law requiring large companies in the bloc to check if their supply chains use forced labor or cause environmental damage after Italy switched sides. A “qualified majority” of 15 EU countries ma...

Posted: Mar 15, 2024

Gen Re & CME collaborate to fully digitize life insurance onboarding

Reinsurance News

Gen Re, the global reinsurance subsidiary of Berkshire Hathaway, and multinational technology organisation, CME, have developed a fully digital underwriting solution for the life insurance industry for the Middle East and North Africa (MENA) and E...

Posted: Mar 15, 2024

Boeing Yet to Reveal Who Worked on Panel That Blew Off 737 Max Jet

Carrier Management

Boeing Yet to Reveal Who Worked on Panel That Blew Off 737 Max Jet The nation's chief accident inve...

Posted: Mar 15, 2024

UnitedHealth Class Action Lawsuits Pile Up After Data Breach

Carrier Management

UnitedHealth Class Action Lawsuits Pile Up After Data Breach UnitedHealth Group has already...

Posted: Mar 15, 2024

Pilot-Seat Blunder Led to Latam Mid-Air Plunge: WSJ Report

Insurance Journal

A mishap with a cockpit seat may have thrust the pilot into the controls of a Boeing Co. 787 plane flying to New Zealand this week, triggering the sudden plunge that injured 50 passengers, the Wall Street Journal reported, citing …

Posted: Mar 15, 2024

The Good News About the Bad News

Insurance Thought Leadership

The Good News About the Bad News Agent & Broker sradomski Fri, 03/15/2024 - 11:39...

Posted: Mar 15, 2024

Trey Ingram Hired as CEO of CompSource Mutual Insurance Company

Risk & Insurance

The latest hiring announcement in the workers' compensation space today. The post Trey Ingram Hired as CEO of CompSource...

Posted: Mar 15, 2024

Marissa Moscowitz promoted to Chief Operating Officer, RT Specialty

Reinsurance News

RT Specialty, the wholesale distribution division of Ryan Specialty, has promoted Marissa Moscowitz to the role of Chief Operating Officer (COO) Overall, Moscowitz brings over 15 years of industry expertise towards her new role. She has been with...

Posted: Mar 15, 2024

Worker Caught in Conveyor Belt at Georgia Plant While Retrieving Earbuds

Insurance Journal

An investigation is underway after a worker at a golf cart manufacturer in Georgia was caught in a conveyor belt and fatally injured. Multiple news reports said a contract worker, Alyssa Drinkard, age 21, had dropped one or more of …

Posted: Mar 15, 2024

Smartphone Screen Repairs Surge to $8.3B in 2023: Allstate Protection

Insurance Journal

While smartphone use is rising, fewer phones are suffering damage that requires repairs or replacement. Good thing, because users can hardly part with smartphones long enough to get them fixed. In its latest Mobile Mythconceptions Surveys, Allstate P...

Posted: Mar 15, 2024

Texas Cities Grow Fastest in US as NYC Keeps Losing People

Insurance Journal

Texas cities dominated the list of US metro areas with the biggest population increase last year, claiming four spots in the top 10. The Dallas-Fort Worth area topped the rankings with a population gain of nearly 153,000 during the 12 …

Posted: Mar 15, 2024

CNB Bank and Trust partners with Insuritas

coverager

CNB Bank and Trust’s insurance agency is scheduled to launch in 2024.

Posted: Mar 15, 2024

VIU BY HUB partners with Mile Auto

coverager

Mile Auto will be able to leverage VIU as a digital omnichannel platform.

Posted: Mar 15, 2024

Marble adds commercial insurance

coverager

The new offering is powered by the Envoy Insure quoting platform.

Posted: Mar 15, 2024

Pacific Life hires head of distribution for Workforce Benefits business

coverager

McCartney recently served as vice president of workplace benefits distribution & account management with Principal.

Posted: Mar 15, 2024

California’s regulatory restrictions putting financial pressure on insurers: Triple-I

Reinsurance News

California’s regulatory restrictions are said to be putting financial pressure on insurers and contributing to limited availability of property insurance in high-risk markets, according to the Insurance Information Institute (Triple-I). An Issues...

Posted: Mar 15, 2024

Storm Carrying Massive ‘Gorilla Hail’ Hits Parts of Kansas and Missouri

Insurance Journal

Massive chunks of hail pelted parts of Kansas and Missouri on Wednesday night, bringing traffic to a standstill along Interstate 70, as storms unleashed possible tornadoes and meteorologists urged residents to stay indoors. There were three unconfirm...

Posted: Mar 15, 2024

In Ukraine’s Bombarded Ports, Ship Buyers Scout for Deals

Insurance Journal

Since Russia invaded Ukraine two years ago, nearly 50 merchant ships have been languishing in its waters, stuck in ports too dangerous to sail from. But while these ships have not moved, some of their owners have changed, highlighting the …

Posted: Mar 15, 2024

Michigan Man Who Was Accidently Shot in Face with Ghost Gun Sues Manufacturer

Insurance Journal

A 19-year-old Michigan man who lost his right eye after being shot with a firearm made from a ghost gun kit filed a lawsuit against his former best friend who accidentally shot him and the Pennsylvania company that sold his …

Posted: Mar 15, 2024

Michigan Man Who Was Accidently Shot in Face With Ghost Gun Sues Manufacturer

Insurance Journal

A 19-year-old Michigan man who lost his right eye after being shot with a firearm made from a ghost gun kit filed a lawsuit against his former best friend who accidentally shot him and the Pennsylvania company that sold his …

Posted: Mar 15, 2024

One of Lindberg’s Attorneys Withdraws Two Months Before Retrial Set to Begin

Insurance Journal

Embattled former insurance executive and entrepreneur Greg Lindberg has asked for a new attorney to represent him, less than two months before his second trial on bribery charges is set to begin. A federal magistrate judge this week granted a …

Posted: Mar 15, 2024

Florida Suit Says OnStar, LexisNexis Shared Driving Data with Insurers, Spiking Rates

Insurance Journal

Do motorist-assistance systems like GM’s OnStar feed data to auto insurers, resulting in higher premiums for some drivers? A south Florida man says indeed, they do, and has filed a proposed class-action lawsuit against General Motors and LexisN...

Posted: Mar 15, 2024

Bayer Weighs ‘Texas Two-Step’ Bankruptcy Filing Over Roundup

Insurance Journal

Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes cancer, according to people familiar with its thinking...

Posted: Mar 15, 2024

Underwriter-built exposure management system Quex “addresses the pain points”: Quotech CEO

Reinsurance News

Quotech, the developer of integrated technology solutions for underwriting and broking teams, recently launched a new exposure management platform, Quex, which according to the firm, resolves the frequent complaints users make about their old expo...

Posted: Mar 15, 2024