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Chubb’s Greenberg Defends Issuing Appeal Bond to Trump: ‘We Don’t Take Sides’

Insurance Journal

Chubb CEO Evan Greenberg, recognizing the criticism swirling around his company’s involvement in providing Donald Trump with a $91.6 million appeal bond so he can appeal a verdict, penned a letter to explain. “When Chubb issues an appeal...

Posted: Mar 13, 2024

Nuvo integrates with Allianz Trade

coverager

Allianz Trade customers using Nuvo will be able to add coverage for new and existing customers.

Posted: Mar 13, 2024

Brit launches Brit Cyber First50

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The new product has a $50 million primary coverage limit.

Posted: Mar 13, 2024

How Fintechs and Insurtechs Fast-Track Their Sales with Assurity’s Advanced APIs

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By taking your sales online where customers already are, you can open new paths to profit and scale without limits, all without adding to your overhead.

Posted: Mar 13, 2024

Clearcover's carrier reports 2023 results

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Allianz Trade customers using Nuvo will be able to add coverage for new and existing customers.

Posted: Mar 13, 2024

ARC welcomes insurance specialists Kasinga and Amarquaye to its Board

Reinsurance News

African Risk Capacity (ARC) Limited has announced the appointment of two new non-executive directors to its Board, Susan Kasinga and Helen Amarquaye, who bring specialised technical experience in finance and insurance with them. With over three de...

Posted: Mar 13, 2024

Court Upholds Kansas Law Banning Changes to Transgender Driver’s Licenses

Insurance Journal

TOPEKA, Kan. (AP) — A Kansas judge ruled Monday that the state isn’t violating transgender residents’ rights under the state constitution by refusing to change their driver’s licenses to reflect their gender identities. District Jud...

Posted: Mar 13, 2024

Oklahoma House Passes Bill to Fund Fortified Homes Program

Insurance Journal

Oklahoma lawmakers in the House of Representatives on Tuesday approved a bill that would provide financial grants to residents to construct or retrofit homes, making them more resilient against the destructive forces of tornadoes, windstorms and hail...

Posted: Mar 13, 2024

People Moves: Arch Reinsurance Promotes 3 Senior Leaders: Halgan, Hardy Pickering and Pun; DUAL Fran...

Insurance Journal

This edition of International People Moves details appointments at Arch Reinsurance and DUAL France. A summary of these new hires follows here. Arch Reinsurance Promotes 3 Senior Leaders: Halgan, Hardy Pickering and Pun Arch Reinsurance Group announc...

Posted: Mar 13, 2024

Global Indemnity Group sees big net income improvement in FY23

Reinsurance News

Global Indemnity Group, LLC (GBLI) has posted its results for the full-year 2023, which includes a substantial performance in net income, as it reached $25.0 million compared to a net loss of $1.3 million for the corresponding period in 2022. At t...

Posted: Mar 13, 2024

Brawner Acquires Missouri’s Armstrong

Insurance Journal

Brawner Insurance Agency recently acquired Armstrong Insurance, a four-year-old agency serving Northeast Missouri. Brawner Insurance owner Jared Brawner will continue to serve as president and hired Jake Bunker as Sales Advisor to assist with day-to-...

Posted: Mar 13, 2024

Iowa Woman Charged With Insurance Fraud

Insurance Journal

An Iowa woman was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) and one count of Theft in the 2nd Degree (Class D Felony) following an investigation by the Iowa Insurance Division’s Fraud Bureau. &#82...

Posted: Mar 13, 2024

Texas, Oklahoma Areas Face New Extreme Fire Risks: Weather Watch

Insurance Journal

Red flag fire warnings are up across the Texas Panhandle, as well as parts of New Mexico, Oklahoma and Kansas, the National Weather Service said. While critical fire conditions exist in a wide swath of that area, the region around …

Posted: Mar 13, 2024

Markets/Coverages: QBE Creates UK Healthcare Practice With New Liability Product

Insurance Journal

QBE has created a Healthcare practice group and has launched a Healthcare Advantage Liability product. The Healthcare practice group will be supported by all regional offices in the UK and aims to provide a more focused approach to customers in &#823...

Posted: Mar 13, 2024

Direct Line rejects improved possible offer by Ageas

Reinsurance News

Ageas has submitted an improved possible offer to the Board of Directors of Direct Line to acquire the entire issued and to be issued share capital of the insurer, but the company’s Board has again rejected the offer and expressed confidence...

Posted: Mar 13, 2024

Russian Hackers Are Weaponizing Stolen Microsoft Passwords

Insurance Journal

A Russian state-sponsored hacking group that stole sensitive data from Microsoft Corp. executives is trying to leverage that information to compromise the company’s source code and other internal systems, according to the technology giant. The...

Posted: Mar 13, 2024

Political Risks in 2024 Threaten Global Business Stability

Risk & Insurance

In an era of geopolitical shifts and macroeconomic transitions, businesses must navigate unpredictable challenges and capitalize on emerging opportunities, according to a Marsh report. The post

Posted: Mar 13, 2024

Florida Jury Awards $32M Against Cleveland Clinic. Did ‘Changing Stories’ Play Role?

Insurance Journal

A Broward County jury has decided that the Cleveland Clinic Florida should pay almost $32 million to the estate of a man who was not put in intensive care after suffering septic shock and later died. The jury found the …

Posted: Mar 13, 2024

How Blue Bonds Are Saving Emerging Economies — and Their Marine Ecosystems

Risk & Insurance

Insurers are making a major impact on the health of the world's oceans through their support of blue bonds, a form of debt swap that enables developing nations to fund marine conservation efforts. The post

Posted: Mar 13, 2024

Fire safety reinsurance facility established by McGill and Partners finalised

Reinsurance News

A new initiative has been set up which aims to help improve the availability of insurance for higher-risk buildings awaiting work to fix fire safety issues. The Fire Safety Reinsurance Facility will help to increase insurance market competition to...

Posted: Mar 13, 2024

AEGIS London sees £206mn profit in 2023 with improved combined ratio

Reinsurance News

AEGIS London, Lloyd’s Syndicate 1225, a subsidiary of AEGIS, has released its 2023 financial results, reporting an improved combined ratio of 79.4% and a 112% profit increase. For the year ending 31 December 2023, the Syndicate’s combined ratio im...

Posted: Mar 13, 2024

PE Firm Nordic Capital Weighs Sale of Regulatory Tech Firm Regnology: Sources

Insurance Journal

Nordic Capital is weighing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to 3 billion euros ($3.27 billion), four people familiar with the matter told Reuters. The private equity firm …

Posted: Mar 13, 2024

Oil Sheen off California Possibly Caused by Natural Seepage From Ocean Floor

Insurance Journal

An oil sheen spotted off the Southern California coast last week was possibly caused by a natural seep from the ocean floor, but the exact source still isn’t known, U.S. Coast Guard officials said. Authorities detected the 2.5-mile-long oil she...

Posted: Mar 13, 2024

Compre promotes Zameer Mitha to group commercial director

Reinsurance News

Bermuda-domiciled international legacy firm Compre has promoted Zameer (Zam) Mitha to the newly created role of group commercial director within its business development function. Mitha has more than 20 years of experience in various leadership ro...

Posted: Mar 13, 2024

Matt Jenkins Tapped as New Chief Operating Officer for One Call

Risk & Insurance

The latest hiring announcement in the insurance and risk management industry today. The post Matt Jenkins Tapped as New C...

Posted: Mar 13, 2024

Re/insurance sector to benefit from ICEYE’s sharpened imaging mode

Reinsurance News

ICEYE, a provider of natural catastrophe solutions and insights, has increased its capabilities with the introduction of its Dwell Fine imaging mode, which builds on the release of Spot Fine, launched last year. Dwell Fine is unique in commercial...

Posted: Mar 13, 2024

Kentucky House Passes Bill to Reduce Medically Trained Workers in Smaller Mines

Insurance Journal

FRANKFORT, Ky. (AP) — The Kentucky House voted Monday to allow the state’s smallest coal mining operations to reduce the number of miners with emergency medical training assigned for each underground shift. In a state once known as a coal &#823...

Posted: Mar 13, 2024

Virginia Governor Faces Decision on Bad Faith Bill Opposed by Auto Insurers

Insurance Journal

Property/casualty insurers are urging Virginia Gov. Glenn Youngkin to veto a “bad faith” insurance claims measure that they contend will “open the floodgates of litigation against insurance companies” and raise auto insurance...

Posted: Mar 13, 2024

Florida’s Heritage Insurance Reports Improved Bottom Line for Q4 and Year 2023

Insurance Journal

TAMPA, Fla. (AP) — Heritage Insurance Holdings Inc. (HRTG) on Monday reported earnings of $30.9 million in its fourth quarter, more than double what it saw in Q4 2022. The Tampa, Florida-based company said it had profit of $1.15 per …

Posted: Mar 13, 2024