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Insurance Business Magazine - US
Posted: Mar 07, 2024
Insurance Business Magazine - US
Posted: Mar 07, 2024
OSHA Safety Regulator Points to Management Failure in Fatal Movie Set Shooting Complaints by a movie we...
Posted: Mar 07, 2024
Insurance Business Magazine - US
Posted: Mar 07, 2024
Some of these deals could be worth more than €10 billion ($10.9 billion).
Posted: Mar 07, 2024
Berkshire’s PacifiCorp Expected to Pay $29M to Oregon Wildfire Victims An Oregon state jury...
Posted: Mar 07, 2024
This new capability will provide Aon's clients with a real-time view into commercial fleet performance.
Posted: Mar 07, 2024
Mitchell: EV Collision Claims Up 40% in 2023 The frequency of claims submitted for repairable electric ve...
Posted: Mar 07, 2024
The startup analyzes data from smartphones and wearables to predict health outcomes.
Posted: Mar 07, 2024
A Look at What Led to Record-Breaking West Coast Fires and Snow in 2020: Study The same weather...
Posted: Mar 07, 2024
Mivation’s Xcelerator is the latest platform to integrate with HawkSoft Washington-based Mivation becomes the newest member of Oregon-based HawkSoft’s API Partner program through direct API integration between Mivation’s Xcelerator platform...
Posted: Mar 07, 2024
Posted: Mar 07, 2024
Three more women have asked to join a sexual misconduct lawsuit against hedge fund manager Crispin Odey and his eponymous former firm. The alleged victims of sexual harassment by Odey applied at a London court to join two others who …
Posted: Mar 07, 2024
Bhaskar Chattaraj has been promoted to the newly created position of Chief Science Officer (CSO) at Howden Tiger, the reinsurance and capital advisory arm of Howden Group. Based in Minneapolis, Chattaraj will report to Nathan Schwartz, Head of Glo...
Posted: Mar 07, 2024
Bermuda-based reinsurer RenaissanceRe (RenRe) has announced numerous promotions within its European leadership team, with new roles for Sven Wehmeyer, Jodie Arkell, Hugh Brennan, and Ed Cruttenden. Wehmeyer previously held the position of Head of...
Posted: Mar 07, 2024
Speaking in an interview with Reinsurance News, Martin Hotz, Head Parametric Nat Cat, Swiss Re Corporate Solutions, suggested that the demand for parametric insurance will continue to rise in 2024, as “there is no fine print in a parametric...
Posted: Mar 07, 2024
Global re/insurance broker Aon, has acquired Humn.ai’s technology assets and intellectual property, in a move that is set to strengthen the firm’s commercial fleet proposition. According to Aon, this new capability will provide the com...
Posted: Mar 07, 2024
Mosaic Insurance’s cyber division has launched primary technology errors and omissions (E&O) coverage to protect tech companies from increasing liability risks. The launch builds on Mosaic’s primary cyber offering initiated last sprin...
Posted: Mar 07, 2024
U.S. commercial insurance prices increased 6.6% in the fourth quarter 2023, with “intriguing shifts” in some coverage areas, according to a survey from broker WTW. According to the latest results from WTW’s Commercial Lines Insuranc...
Posted: Mar 07, 2024
U.S. commercial insurance prices increased 6.7% in the fourth quarter 2023, with “intriguing shifts” in some coverage areas, according to a survey from broker WTW. According to the latest results from WTW’s Commercial Lines Insuranc...
Posted: Mar 07, 2024
Aviva has released its 2023 Financial results, reporting a 9% growth in operating profit, to £1,467 million, and general insurance operating profit of £851 million, a 35% increase compared to the year prior. According to the insurer, the results f...
Posted: Mar 07, 2024
India’s navy evacuated all 20 crew from a stricken vessel in the Red Sea on Thursday, after a Houthi attack killed three seafarers in the first civilian fatalities from the Yemeni group’s campaign against the key shipping route. The Iran-...
Posted: Mar 07, 2024
A Florida pilot program to fortify coastal-area condominiums is on its way to the governor but other property insurance bills may have hit a snag after last-minute changes – with just two days left in the legislative session. The state …
Posted: Mar 07, 2024
Concirrus, an AI insurtech company, has recently announced the launch of an updated market model that is expected to bring together the world’s largest pool of marine hull claims data. To ensure alignment with market best practices, Concirrus coll...
Posted: Mar 07, 2024
Most Americans Want Legal Reforms Against Practices Like Litigation Funding: Survey A...
Posted: Mar 07, 2024
Chemical Linked to Cancer Found in Acne Creams Including Proactiv, Clearasil Hand sanitizers were tainted by ben...
Posted: Mar 07, 2024
A man who was stunned with a Taser while handcuffed, including on his lip, has settled a federal lawsuit with a Colorado sheriff’s department for $1.5 million, his lawyers said. Kenneth Espinoza was arrested after he stopped to wait for …
Posted: Mar 07, 2024
CLARA Analytics, the AI technology provider for insurance claims optimisation, has announced a remarkable 100% year-over-year growth in annual recurring revenue (ARR). This clearly cements CLARA’s position as a frontrunner within AI claims managem...
Posted: Mar 07, 2024
AM Best’s recent market segment report highlights the challenges faced by the U.S. property and casualty (P/C) sector in 2023, including severe weather-related losses, persistent inflation, and rising reinsurance prices, resulting in a net u...
Posted: Mar 07, 2024
Ten Republican-led states have sued to challenge new federal rules that require U.S.-listed companies to report climate-related risks, a spokesperson for the West Virginia Attorney General’s Office said on Wednesday, hours after the U.S. Securi...
Posted: Mar 07, 2024
NASHVILLE, Tenn. (AP) — The pilot of a single-engine plane that crashed near downtown Nashville told air traffic controllers he could see the runway they were clearing for an emergency landing. But he said he couldn’t reach it. “I’m...
Posted: Mar 07, 2024
Verisk, an insurance and analytics provider, has recently announced that Hastings Direct will now leverage its UKBuildings database to enhance its capabilities in assessing properties for insurance. UKBuildings is a comprehensive, property-specifi...
Posted: Mar 07, 2024
A U.S. appeals court on Wednesday upheld the dismissal of a lawsuit by a conservative group opposed to diversity initiatives in medicine that challenged a Pfizer fellowship program designed to boost the pipeline of Black, Latino and Native American p...
Posted: Mar 07, 2024
BLUECYBER, a managing general agent (MGA) specialising in cyber insurance, has secured a significant $1.5 million investment from venture capital firms Invisto and Bossa Invest, alongside support from investors within the insurance market. Eduardo...
Posted: Mar 07, 2024
Industry rating agency AM Best said the U.S. property/casualty industry’s underwriting loss for 2023 reached a 10-year high of $38 billion, attributable to severe weather-related losses, stubborn inflation, and upward reinsurance pricing. Analy...
Posted: Mar 07, 2024
Cyber risk management firm Resilience has announced it has added Technology Errors & Omissions (E&O) coverage to its existing cyber insurance and cyber risk management solutions. US organisations with $300M-$10B in revenue will benefit fro...
Posted: Mar 07, 2024
The Supervisory Board of Allianz SE has confirmed that it has extended the mandates of Allianz SE Board of Management members Sirma Boshnakova and Günther Thallinger, through December 2029, subject to customary regulatory approvals. Boshnakova, is...
Posted: Mar 07, 2024
In a trading update for its full year 2023 financial performance, global insurance and reinsurance marketplace Lloyd’s has revealed its underwriting profit increased by £3.3 billion to £5.9 billion. Burkhard Keese, Lloyd’s CFO commented, “2023 was...
Posted: Mar 07, 2024
Hamilton Insurance Group, Ltd. has reported a combined ratio of 90.2% and underwriting income of $36 million for the fourth quarter of 2023, as the firm’s net income rose considerably to $127 million for the period. The insurer’s gross premi...
Posted: Mar 07, 2024
Tokio Marine HCC has invested into a CAD $4.3 million funding round, secured by Clir Renewables (Clir), a renewable energy intelligence platform for wind and solar. Longbow Capital Inc., ArcTern Ventures and BDC Capital also participated in the fu...
Posted: Mar 07, 2024
Global specialty broker Price Forbes has appointed Dan Nicholls to its energy leadership team, and Ray Spreadbury as Head of Renewables. Commenting on the appointments, Andrew Draycott, CEO – Energy, Transportation and Specie at Price Forbes...
Posted: Mar 07, 2024