All Posts

NeuralMetrics Launches Platform Using AI Agents to Enhance Insurance Underwriting

IIR

The A-Star Platform’s ‘SAMA’ autonomous AI agents can learn, adapt, and self-correct instantaneously to set new standards in data-driven risk analysis for commercial underwriting.

Posted: Mar 11, 2024

Encova Insurance Adopts Guidewire Cloud to Simplify IT Operations

IIR

PwC, a Guidewire PartnerConnect Consulting Global Premier member, will lead the implementation project for Encova, a Guidewire customer since 2014.

Posted: Mar 11, 2024

Huge Texas blaze shows power-line fires are a widespread threat

NU Property & Casualty 360

The state forest service reported power lines sparked the Smokehouse Creek and Windy Deuce fires.

Posted: Mar 11, 2024

Consumer advocate to NAIC: Open the curtains

NU Property & Casualty 360

The NAICs plans to keep about 43% of the sessions on the agenda for its upcoming spring meeting behind closed doors.

Posted: Mar 11, 2024

Four ways generative AI helps insurers manage climate change

NU Property & Casualty 360

Generative AI guides insurers through extreme weather events while maximizing policyholders' customer experience.

Posted: Mar 11, 2024

Private Equity's Hot New Investment: Suing Insurers

Insurance Thought Leadership

Private Equity's Hot New Investment: Suing Insurers PaulCarroll Mon, 03/11/2024 - 19:48 Se...

Posted: Mar 11, 2024

Florida Insurance Legislation Update: Bills That Passed; Bills That Didn’t Pass

Carrier Management

Florida Insurance Legislation Update: Bills That Passed; Bills That Didn’t Pass A number of property insur...

Posted: Mar 11, 2024

Deal Troubles: James River Lawsuit Says Fleming Failed to Close on JRG Re

Carrier Management

Deal Troubles: James River Lawsuit Says Fleming Failed to Close on JRG R...

Posted: Mar 11, 2024

Gaining a Competitive Edge in the Return to Profitability

Insurance Thought Leadership

Gaining a Competitive Edge in the Return to Profitability From Our Partners sradomski

Posted: Mar 11, 2024

Workers’ Compensation Claims in a Post-Pandemic Era

Risk & Insurance

COVID-19 has prompted changes in workers’ compensation coverage to include the virus as a compensable illness in many jurisdictions, prompting a broader consideration of how to permanently extend coverage for contagious diseases. The post

Posted: Mar 11, 2024

Griffin raises $24 million

coverager

MassMutual Ventures led the round.

Posted: Mar 11, 2024

Tesla’s Blame-the-Driver Defense Will Be Tested in Next Autopilot Trial

Carrier Management

Tesla’s Blame-the-Driver Defense Will Be Tested in Next Autopilot Trial Six weeks befo...

Posted: Mar 11, 2024

First Billion Dollar U.S. Weather Event of 2024 Recorded in January

Carrier Management

First Billion Dollar U.S. Weather Event of 2024 Recorded in January A tornado...

Posted: Mar 11, 2024

Tech Bytes: New Partnerships at VIU by HUB, Selective, INSTANDA

Carrier Management

Tech Bytes: New Partnerships at VIU by HUB, Selective, INSTANDA VIU by HUB,...

Posted: Mar 11, 2024

Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger

Carrier Management

Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Wil...

Posted: Mar 11, 2024

Florida Lawmakers Approve Surplus Takeouts, Stop Short on Nonrenewal Limits

Carrier Management

Florida Lawmakers Approve Surplus Takeouts, Stop Short on Nonrenewal Limits A number of property insurance...

Posted: Mar 11, 2024

Lloyd’s exceeds weighted average cost of capital in 2023: ICMR, LMA

Reinsurance News

After realising preliminary results for 2023 last week, analysis by ICMR and the LMA reveals that the specialist Lloyd’s insurance and reinsurance marketplace has, in aggregate, exceeded its weighted average cost of capital (WACC) for the fi...

Posted: Mar 11, 2024

Mississippi Wind-Mit Bill Would Tax Insurers, Help Fund Retrofits, Tornado Rooms

Insurance Journal

Mississippi could soon join the growing list of states with grant-funded wind fortification programs for homeowners, thanks to a bill that’s moving through the state Legislature. The state House of Representatives last week approved House Bill...

Posted: Mar 11, 2024

Nine Killed in Wisconsin Highway Crash Involving Semitrailer and Van

Insurance Journal

DEWHURST, Wis. (AP) — Nine people were killed Friday in a crash involving a semitrailer and a van at a western Wisconsin highway intersection. Preliminary reports about the early morning crash indicated the semitrailer traveling on State Highway 95 c...

Posted: Mar 11, 2024

James River Files Suit Against Fleming for Failing to Close Planned Purchase of JRG Re

Insurance Journal

James River Group Holdings Ltd. announced it has filed a lawsuit against Fleming Intermediate Holdings for its failure to complete the $277 million acquisition of its casualty reinsurance subsidiary JRG Reinsurance Co. – a deal that was first announc...

Posted: Mar 11, 2024

Update: James River Files Suit Against Fleming for Failing to Close Purchase of JRG Re

Insurance Journal

James River Group Holdings Ltd. announced it has filed a lawsuit against Fleming Intermediate Holdings for its failure to complete the $277 million acquisition of its casualty reinsurance subsidiary, JRG Reinsurance Co. – a deal that was first announ...

Posted: Mar 11, 2024

Pie’s Financial Strength Rating of A- Under Review by AM Best

Insurance Journal

Insurance industry rating agency AM Best on Friday put the financial strength rating of Pie Insurance Group under review with negative implications. Pie Insurance Company of Columbus and Pie Casualty Insurance Company of Chicago currently have a fina...

Posted: Mar 11, 2024

Drought and Extreme Heat Devastate Louisiana’s Crawfish Harvest

Insurance Journal

BATON ROUGE, La. (AP) — Amid a crawfish shortage in Louisiana, the nation’s top producer of the crustaceans that are a staple in Gulf Coast seafood boils, Gov. Jeff Landry issued a disaster declaration for the impacted industry last week. &#823...

Posted: Mar 11, 2024

Kansas Truck Washing Company After Worker Dies From Harmful Gases

Insurance Journal

Federal investigators determined a Liberal, Kansas truck washing company failed to protect workers from hydrogen sulfide gas as they entered over-the-road tanker trailers to clean them out, causing one worker’s fatal injuries and hospitalizing...

Posted: Mar 11, 2024

Norfolk Southern Ordered to Solely Pay for Ohio Train Derailment Cleanup

Insurance Journal

Norfolk Southern alone will be responsible for paying for the cleanup after last year’s fiery train derailment in eastern Ohio, a federal judge ruled. The decision issued Wednesday threw out the railroad’s claim that the companies that ma...

Posted: Mar 11, 2024

California Insurance Co. Says Judge’s Tentative Order Won’t Stop CDI Overreach

Insurance Journal

A California court’s tentative decision in a dispute between the California Department of Insurance and the California Insurance Company “failed to undo the unprecedented use of the CDI’s conservation mechanism to restrain CIC from...

Posted: Mar 11, 2024

James River files suit against Fleming to enforce stock purchase agreement

Reinsurance News

James River Group Holdings has filed a complaint in the Supreme Court, New York County, Commercial Division, against Fleming Intermediate Holdings seeking to enforce the terms of a previously agreed stock purchase agreement (SPA) for the sale of i...

Posted: Mar 11, 2024

Faulty Support Columns Found at Collapsed Florida Condo Tower Garage

Carrier Management

Faulty Support Columns Found at Collapsed Florida Condo Tower Garage Federal investigators determining...

Posted: Mar 11, 2024

Blame-the-Driver Defense Will Be Tested in Next Autopilot Trial

Carrier Management

Blame-the-Driver Defense Will Be Tested in Next Autopilot Trial Six weeks before the f...

Posted: Mar 11, 2024

SCOR unveils simpler & more effective business structure

Reinsurance News

French reinsurer SCOR has announced new structures within its Property & Casualty (P&C) and Life & Health (L&H) segments as the firm looks to become “a simpler and more effective organization”, enabling more immediate c...

Posted: Mar 11, 2024

Industry Trades Applaud New FIO-NAIC Partnership on Data Collection

Insurance Journal

The U.S. Treasury late last week backed off a plan to have the Federal Insurance Office (FIO) collect data on climate-related risks from property/casualty insurers—an outcome that had been sought by the insurance industry since the proposal was publi...

Posted: Mar 11, 2024

Florida, Texas Grab Bigger Chunk of Paychecks as NY Fades

Insurance Journal

Southern US states have enjoyed some of the strongest job growth in the pandemic era, as well as some of the biggest wage increases — and they’re luring Americans from elsewhere in the country. Add those things together and they …

Posted: Mar 11, 2024

Aviva and Darwin expand autonomous vehicle insurance project

coverager

The companies are adding another shuttle.

Posted: Mar 11, 2024