All Posts

2024 Tax Season: Consult an Expert Before Selling Your Agency

IA Magazine

Depending on how a business is organized, independent agency owners can benefit from meeting with their tax expert to better understand the tax implications of a potential sale now or sometime in the future.

Posted: Mar 12, 2024

Digital Tools Put Medical Advice — and the Risk of Confirmation Bias — in Everyone’s Hands

Risk & Insurance

Workers' comp veteran Bill Zachry reflects on how the internet — and its progeny, large language models — are influencing workers comp patient care. The post

Posted: Mar 12, 2024

Empathy raises $47 million

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Allianz, MassMutual Ventures, MetLife, New York Life Ventures, Securian Financial, and Sumitomo participated in the round.

Posted: Mar 12, 2024

Next Insurance partners with Tensorflight

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The companies are partnering to automate commercial property inspections. 

Posted: Mar 12, 2024

Liberty Mutual appoints Amit Khanna Chief Claims & Service Officer, US Retail Markets

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Khanna holds a bachelor’s degree in business administration from the University of Madras in India and earned his MBA in finance from Bentley University.

Posted: Mar 12, 2024

SCOR announces new regional and business structure

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These changes will be effective on 1 April 2024.

Posted: Mar 12, 2024

Low Cost, Early Warning System Being Tested to Detect Cognitive Changes in Older Drivers

Carrier Management

Low Cost, Early Warning System Being Tested to Detect Cognitive Ch...

Posted: Mar 12, 2024

P/C Insurers Faced Rising Downgrades, Higher Costs in 2023

Risk & Insurance

Rising reinsurance costs and inflation contributed to an increase in rating downgrades for U.S. property/casualty insurers in 2023, according to AM Best The post

Posted: Mar 12, 2024

P&C Insurers Faced Rising Downgrades, Higher Costs in 2023

Risk & Insurance

Rising reinsurance costs and inflation contributed to an increase in rating downgrades for U.S. property and casualty insurers in 2023, according to AM Best. The post

Posted: Mar 12, 2024

Alexis Daniel to lead Everest Insurance Intl. aviation team

Reinsurance News

Industry veteran Alexis Daniel has joined Everest Insurance International, a division of Bermuda-based insurer and reinsurer Everest Group, Ltd., as Head of Aviation. “We are excited to welcome Alexis DANIEL to Everest Insurance International® as...

Posted: Mar 12, 2024

Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts

Insurance Journal

Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show. Nord Stream AG names Lloyd’s Insurance Co. an...

Posted: Mar 12, 2024

People Moves: Stratico Appointed Professional Liability Practice Leader at Brown & Riding

Insurance Journal

Brown & Riding, headquartered in Dallas, appointed Bill Stratico national professional liability practice leader. Stratico has over 35 years of industry experience. He joined Brown & Riding in 2010 as a management and professional liability b...

Posted: Mar 12, 2024

People Moves: Reed to Lead Acrisure’s New Great Lakes Region

Insurance Journal

Acrisure, headquartered in Grand Rapids, Michigan, has established a Great Lakes region, encompassing its businesses in Michigan, Indiana and Ohio. The Great Lakes region is led by long-time partner Kelly Reed. Reed has over 15 years of experience in...

Posted: Mar 12, 2024

Inflation continues to pressure pricing, uncertainty remains key topic, EMEA: Aon

Reinsurance News

In their Q423 Market Insights Outlook for Europe, the Middle East and Africa (EMEA), Aon has highlighted how inflation continued to pressure pricing amidst generally moderate market conditions, although natural catastrophe exposed property and oth...

Posted: Mar 12, 2024

Insurtech bolttech Partners with Saudi Telecom Group to Provide Embedded Insurance

Insurance Journal

Singapore-based insurtech bolttech announced its expansion into the Middle East with the launch of its partnership with telecommunications company stc Group. bolttech’s collaboration with Riyadh, Saudi Arabia-headquartered stc will provide stc&...

Posted: Mar 12, 2024

Markets/Coverages: Aon Launches Partner Risk Insights

Insurance Journal

Aon plc, a global professional services firm, today announced the launch of Partner Risk Insights, a digital platform powered by CoverWallet, to help U.S. organizations simplify the way they manage insurance-related third-party risk. The digital plat...

Posted: Mar 12, 2024

Rite Aid Advisers Rake in Millions Through Bankruptcy; Opioid Victims Brace for Nothing

Carrier Management

Rite Aid Advisers Rake in Millions Through Bankruptcy; Opioid Victims Brace for Nothing Nancy Zailo is at the...

Posted: Mar 12, 2024

Justice Department Beefs Up Focus on AI Enforcement, Warns of Harsher Sentences

Carrier Management

Justice Department Beefs Up Focus on AI Enforcement, Warns of Harsher Sentences The Justice Department...

Posted: Mar 12, 2024

IIHS: Most Cars With Self-Driving Technology Get Low Marks

Carrier Management

IIHS: Most Cars With Self-Driving Technology Get Low Marks Tesla's Autop...

Posted: Mar 12, 2024

Applied Underwriters’ CIC accuses California regulator of stunning overreach

Reinsurance News

In a recent court statement and tentative decision, the California Department of Insurance (CDI) prevailed in its efforts to prevent the California Insurance Company (CIC) from withdrawing from the California market, much to CIC’s frustratio...

Posted: Mar 12, 2024

Assessing and adequately pricing SRCC crucial for managing burgeoning risk: Swiss Re’s Pande

Reinsurance News

According to Mohit Pande, CUO, Property, Swiss Re, assessing and adequately pricing for the risk of Strikes, Riots and Civil Commotion (SRCC) is crucial for insurers and reinsurers and an area that should continually improve. Writing in a company...

Posted: Mar 12, 2024

Insurance Fraud Insights

Insurance Thought Leadership

Insurance Fraud Insights From Our Partners sradomski Tue, 03/12/2024 - 11:13...

Posted: Mar 12, 2024

Ascendant Re reports strong Q4’23 performance and positive outlook for 2024

Reinsurance News

Ascendant Re, a Cayman Islands-based annuity reinsurer, recently disclosed its financial performance for the fourth quarter of 2023, revealing a total net income of $6.7 million. During Q4, the net book value per preferred share surged by 25.3% co...

Posted: Mar 12, 2024

71% of insurance industry decision-makers dissatisfied with level of effort to get updated insurance...

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Sure today released the 2024 State of Digital Insurance Report, revealing widespread dissatisfaction with a core part of the insurance ecosystem, legacy rate service organizations (RSOs).

Posted: Mar 12, 2024

Eye Security Raises $39 Million

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Eye Security provides cyber insurance.

Posted: Mar 12, 2024

Starr Insurance introduces Twin Maples Specialty

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Twin Maples will be based in Alpharetta, GA.

Posted: Mar 12, 2024

Openly crosses $300 million in written premiums

coverager

Allianz, MassMutual Ventures, MetLife, New York Life Ventures, Securian Financial, and Sumitomo participated in the round.

Posted: Mar 12, 2024

Kansas Man Sentenced to 12 Months Probation For Insurance Fraud

Insurance Journal

Kansas Insurance Commissioner Vicki Schmidt announced last week that an Overland Park man has been sentenced to 12 months of probation for insurance fraud. Matthew Finholm, age 43, pleaded guilty in the District Court of Johnson County to one misdeme...

Posted: Mar 12, 2024

Xcel Texas Wildfire Legal Reckoning to Take Years to Play Out

Insurance Journal

(Xcel Energy Inc. will likely be wrangling for years with the legal fallout from the wildfires burning through the Texas Panhandle. The experience of utility companies in California and Oregon sued over massive blazes sparked by downed power lines sh...

Posted: Mar 12, 2024

Texas Firefighters Make Progress Containing Panhandle Wildfires

Insurance Journal

LUBBOCK — Texas firefighters are gaining more control over the remaining wildfires in the Panhandle, more than two weeks after the infernos first engulfed large swaths of the region and burned more than 1 million acres. As of Monday, the …

Posted: Mar 12, 2024

At Least 50 Hurt as LATAM’s Boeing 787 to Auckland Dropped Abruptly Mid-Flight

Insurance Journal

At least 50 people were hurt when a Boeing 787 operated by LATAM Airlines dropped abruptly mid-flight from Sydney to Auckland on Monday, according to the airline and a New Zealand health service organization that treated the injured. The aircraft &#8...

Posted: Mar 12, 2024