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(Bloomberg) — Miami Beach has a message for spring breakers: We’re done. Fed up with rowdy college kids doing the sort of things rowdy college kids do in a haze of endorphins, alcohol and other intoxicants, the city has spent …
Posted: Mar 08, 2024
Bermuda-based insurer and reinsurer, Aspen Insurance Holdings, has confirmed the appointment of Sarah Stanford as CEO of Aspen UK. Prior to her approval, Stanford had been appointed as Interim CEO, Aspen UK on January 17, 2024. Before this, she wa...
Posted: Mar 08, 2024
Insurance Business Magazine - US
Posted: Mar 08, 2024
Insurance Business Magazine - US
Posted: Mar 08, 2024
MONTGOMERY, Ala. (AP) — Facing pressure to get in vitro fertilization services restarted in the state, Alabama’s governor swiftly signed legislation into law Wednesday shielding doctors from potential legal liability raised by a court ruling th...
Posted: Mar 08, 2024
Heinz Arabia has announced the launch of the world’s first-ever ketchup insurance policy. The new insurance coverage aims to alleviate the stress and inconvenience of everyday ketchup spills, splatters and splotches. Inspired by countless socia...
Posted: Mar 08, 2024
FORT LAUDERDALE, Fla. (AP) — A Royal Caribbean cruise employee is accused of hiding cameras inside bathrooms of passenger cabins to spy on guests, including underage girls. Arvin Joseph Mirasol, 34, was arrested Sunday on federal charges of productio...
Posted: Mar 08, 2024
Attorneys for Meta Platforms and several of its current and former leaders, including founder Mark Zuckerberg, are asking a Delaware judge to dismiss a shareholder lawsuit alleging the company has deliberately failed to protect users of its social me...
Posted: Mar 08, 2024
The US government is stepping away from its effort to collect data on home insurance prices and availability at the Zip code level as premiums soar and climate risks to property intensify. Instead, it will join in a collaborative effort …
Posted: Mar 08, 2024
Guidewire, a platform provider for property and casualty re/insurers, has reported a net income (GAAP) of $9.7 million for the second quarter of the fiscal year 2024, a notable turnaround from the net loss of $9.2 million for the same quarter in f...
Posted: Mar 08, 2024
Inigo's new insurance solution is supported by global insurance broker Marsh.
Posted: Mar 08, 2024
Upper Hand is a provider of a sports management software.
Posted: Mar 08, 2024
The Attain by Aetna app provided Aetna members with personalized goals.
Posted: Mar 08, 2024
Munich Re Ventures participated in the round.
Posted: Mar 08, 2024
Porch Group, a homeowners insurance and vertical software platform, has reported a net loss of $2.5mn in the fourth quarter of 2023, an improvement from $35.5mn in Q4 2022; with a total revenue of $114.6mn, which increased 79% compared to the prio...
Posted: Mar 08, 2024
Global insurance brokerage WTW has appointed Lynda Gammons as the new Head of the Claims Closure Solutions team for Corporate Risk & Broking, North America. This appointment builds on the three recent hires by the broker to its CRB NA’s...
Posted: Mar 08, 2024
Although Liberty Mutual reported worse underwriting results and lower net income in 2023 compared to the prior year, executives pointed to the momentum of the final quarter as an indicator of what’s ahead. “We made solid progress toward o...
Posted: Mar 08, 2024
Two former executives with American International Group (AIG) have launched a nationwide excess and surplus lines (E&S) insurance holding company. Michael Price and Kean Driscoll announced the formation of Dellwood Insurance Group, which they sai...
Posted: Mar 08, 2024
The U.S. Justice Department is expanding its whistleblower program to coax more tipsters to disclose corporate misconduct by offering monetary rewards, Deputy Attorney General Lisa Monaco said on Thursday. The Justice Department is already authorized...
Posted: Mar 08, 2024
Florida-based insurtech HCI Group has reported a net income of $89.3 million for 2023, compared to a net loss of $54.6 million in 2022. Consolidated gross premiums earned in 2023 also increased to $765.5 million from $724.7 million in 2022. HCI ex...
Posted: Mar 08, 2024
Arturo, a property specialist offering AI-based solutions to insurers, is strengthening its leadership team with the addition of Donnie Millar as Vice President of Data Science and AI, and Thom Keyes as Vice President of Finance. Bringing extensiv...
Posted: Mar 08, 2024
A major transport union urged a full halt of merchant ships sailing through the Red Sea, adding to calls for vessels to reconsider the voyages after a Houthi militant attack killed three sailors. “We call on the industry to divert …
Posted: Mar 08, 2024
Safepoint Group’s newest reciprocal exchange, Manatee Insurance Exchange (Manatee), has been assigned a Financial Stability Rating of ‘A’, Exceptional, by Demotech, Inc. Manatee was formed to focus on providing insurance solution...
Posted: Mar 08, 2024
Belgian insurer Ageas has brought in an additional adviser as it presses ahead with a potential takeover offer for Britain’s Direct Line, three sources familiar with the matter told Reuters. Ageas has lined up Deutsche Bank to work alongside it...
Posted: Mar 08, 2024
Europe will be 3C hotter even if the world succeeds in limiting global warming to 1.5C above pre-industrial levels, bringing with it the heightened peril of extreme weather and trillions of euros of damages to the economy. Such climactic hazards R...
Posted: Mar 08, 2024
Two Columbia, Missouri residents were sentenced in federal court on March 6 for their roles in a $1.1 million insurance fraud scheme that involved false claims of injuries suffered in faked car accidents. Michael Lee Gene Stapleton, 37, and Latoya &#...
Posted: Mar 08, 2024
Inszone Insurance Services, a provider of commercial, personal, and benefits insurance, has announced the appointment of Martin Sullivan as Non-Executive Chairman of the Board, effective immediately. With an extensive background in the financial s...
Posted: Mar 08, 2024
Schauer Group, headquartered in Canton, Ohio, named Vice President Alex Schauer head of its employee benefits division. Schauer, who is based out of the firm’s Cleveland office, has been with Schauer Group since 2014 and has worked with Schauer...
Posted: Mar 08, 2024
Finance firms in Britain should be banned from misusing non-disclosure agreements (NDAs) to silence victims of sexual harassment and abuse, lawmakers said on Friday, calling for an end to an era of impunity for predators and bullies. In a report R...
Posted: Mar 08, 2024
The Insurance Council of Australia (ICA) has revealed that claims for the severe thunderstorms that impacted Victoria on Valentine’s Day have risen to 19,932, with an estimated cost to the industry so far of $104 million. According to the ICA, aro...
Posted: Mar 08, 2024
Strategic Risk Solutions (SRS), an independent insurance company manager, has announced the appointment of Jan Bachmann as the Chief Underwriting Officer (CUO) at SRS Altitude, a subsidiary of SRS. His new role will commence on April 1st. In this...
Posted: Mar 08, 2024
Posted: Mar 08, 2024
Liberty Mutual Execs See Q4 Momentum as 2023 Income Falls Although Liber...
Posted: Mar 08, 2024
Posted: Mar 08, 2024
Industry Veterans Launch New E&S Biz Insurance industr...
Posted: Mar 08, 2024
Bermuda re/insurer Hamilton Insurance Group, Ltd. has announced the addition of Dr. Therese Vaughan and Neil Patterson to the company’s Board of Directors, effective March 11, 2024. At the same time, Hamilton also announced that Pauline Richards,...
Posted: Mar 08, 2024
AM Best’s recent market segment report highlights how the cyber insurance sector has become a focal point of growth and risk within the property/casualty (P/C) industry. The report notes that although pricing for cyber insurance stabilised i...
Posted: Mar 08, 2024