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Osara Health announces partnership with Allstate Benefits

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Allstate Benefits will offer Osara's service to its customers. 

Posted: Mar 05, 2024

Millennial Specialty Insurance enters Canadian market

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MSI is collaborating with Summit Commercial Solutions.

Posted: Mar 05, 2024

Nationwide reports $1.3 billion in net operating income

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Monzo provides a variety of banking products.

Posted: Mar 05, 2024

AM Best: U.S. D&O Market Faces Negative Outlook Amid Rising Challenges

Risk & Insurance

Facing increased competition and regulatory pressures, the U.S. D&O insurers receive a negative outlook with declining premiums and rising legal expenses. The post

Posted: Mar 05, 2024

Lloyd’s Hits 35% Female Leadership Target, Says it Has a ‘Way to Go’

Insurance Journal

Lloyd’s of London has hit a short-term target of filling 35% of leadership roles with women, although less than half of firms in the commercial insurance market had hit the mark, it said on Tuesday. Lloyd’s said it needed to …

Posted: Mar 05, 2024

SpaceX Bid to Keep Labor Suit in Texas Denied by 5th Circuit

Insurance Journal

SpaceX’s bid to keep its lawsuit against the US National Labor Relations Board in Texas was denied by a federal appeals court, a setback for Elon Musk’s aerospace company in its battle against the agency. The aerospace company sued the &#...

Posted: Mar 05, 2024

People Moves: AXIS appoints Dejung as Global Cyber & Technology CUO; SiriusPoint Names 3 Key Leaders...

Insurance Journal

This edition of International People Moves details appointments at Bermuda-based AXIS Capital Holdings and SiriusPoint. A summary of these new hires follows here. AXIS appoints Dejung as Global Cyber & Technology CUO AXIS Capital Holdings Ltd. an...

Posted: Mar 05, 2024

People Moves: AXIS Taps SCOR’s Dejung as Global Cyber & Technology CUO; SiriusPoint Names 3 Key Lead...

Insurance Journal

This edition of International People Moves details appointments at Bermuda-based AXIS Capital Holdings and SiriusPoint. A summary of these new hires follows here. AXIS appoints Dejung as Global Cyber & Technology CUO AXIS Capital Holdings Ltd. an...

Posted: Mar 05, 2024

Michigan Town to Pay $320K to Japanese Man Wrongly Accused of Drunken Driving

Insurance Journal

A Michigan village has agreed to a $320,000 settlement with a man from Japan who was wrongly accused of drunken driving after a police officer badly misread a breath test, court records show. Ryohei Akima blew a 0.02 on the …

Posted: Mar 05, 2024

Hub International Acquires Pair of Michigan Agencies

Insurance Journal

Hub International Limited, a global insurance brokerage and financial services firm, announced that it has acquired A.S. Arbury and Sons, Incorporated (Arbury Insurance Agency) and the assets of Michelle L. Everett, Inc. (Michigan Insurance Associate...

Posted: Mar 05, 2024

ICEYE enhances SAR imaging tech with launch of three new satellites

Reinsurance News

ICEYE, a provider of natural catastrophe solutions and insights, successfully launched three additional synthetic aperture radar (SAR) satellites on March 4th, 2024. These SARs include a 1200 MHz radar bandwidth in-orbit technology demonstrator th...

Posted: Mar 05, 2024

NTSB Report Casts Doubt That Truck’s Steering Locked in Fatal Crash With Cyclists

Carrier Management

NTSB Report Casts Doubt That Truck’s Steering Locked in Fatal Crash With Cyclists A report released recently casts doubt about the driver's claim that the vehicle's steering locked up before a fatal crash involving a pickup truck and a group of cycli...

Posted: Mar 05, 2024

Hacker Group Claims UnitedHealth Paid $22M Ransom to Recover Data

Carrier Management

Hacker Group Claims UnitedHealth Paid $22M Ransom to Recov...

Posted: Mar 05, 2024

After Slow 2023, M&A Activity Expected to Ramp This Year

Carrier Management

After Slow 2023, M&A Activ...

Posted: Mar 05, 2024

People Moves: Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in N. America; Sedgwick Names...

Insurance Journal

Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in North America Lockton Re, the reinsurance business of independent insurance broker Lockton, announced that Brian Lewis has joined as senior broker leading the Cyber Practice for North Americ...

Posted: Mar 05, 2024

AXIS hires SCOR’s Simon Dejung as CUO, Global Cyber & Technology

Reinsurance News

AXIS Capital Holdings Limited, the global specialty underwriter and provider of re/insurance solutions, has hired Simon Dejung as Chief Underwriting Officer, Global Cyber & Technology (GCT), effective immediately. In the role, he will be based...

Posted: Mar 05, 2024

Markets/Coverages: Falvey Launches Commercial Output Insurance

Insurance Journal

Falvey Insurance Group announced the launch of Commercial Output insurance – coverage designed to cater to the diverse insurance needs of businesses in the manufacturing, institutional, industrial, and commercial sectors. Crafted by Falvey’s in...

Posted: Mar 05, 2024

Report: Despite Favorable Reinsurance Renewals, Property Insurance Rates Remain Firm

Risk & Insurance

As reinsurance catastrophe coverage rates stabilize, Lockton says higher property insurance rates persist, driven by insurers' concerns over catastrophe losses and increased retentions The post

Posted: Mar 05, 2024

Report: Despite Favorable Reinsurance Renewals, Primary Insurance Rates Remain Firm

Risk & Insurance

As reinsurance rates stabilize, Lockton says higher property insurance rates persist, driven by insurer concerns over catastrophe losses and increased primary retentions The post

Posted: Mar 05, 2024

Federal Appeals Court Puts Florida’s ‘Stop Woke’ Act to Sleep as Speech Violation

Insurance Journal

Florida’s so-called “stop woke act,” championed by Gov. Ron DeSantis, violates businesses’ and employees’ First Amendment free speech rights, a federal appeals court ruled Monday in striking down the 2022 law. “Thi...

Posted: Mar 05, 2024

Many Texas Panhandle Homes Burned in Wildfires Weren’t Insured

Insurance Journal

FRITCH — Many Panhandle residents whose dwellings and possessions burned in the region’s ongoing wildfires may never financially recover for one simple reason: Their homes weren’t insured. “A lot of the people who have lost a home h...

Posted: Mar 05, 2024

Kay International AMEA Limited establishes wholly owned subsidiary in Singapore

Reinsurance News

Kay International AMEA Limited, an independent underwriting managing agency and reinsurance brokerage, has established a wholly owned subsidiary in Singapore, with the aim of expanding its facultative and treaty reinsurance broking and placement s...

Posted: Mar 05, 2024

GigSmart, Hooray Health, and Zurich NA announce a partnership

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The companies are working together to reduce the high annual deductibles for major medical coverage for individuals.

Posted: Mar 05, 2024

Healthee raises $32 million

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Healthee leverages AI to help users understand their existing healthcare plan.

Posted: Mar 05, 2024

Toyota Recalls 380,000 Trucks Over Axle Issue That Could Raise Risk of Crash

Insurance Journal

Toyota Motor said Friday it is recalling about 380,000 trucks in the United States over an axle issue that could increase the risk of a crash. The recall covers 2022 and 2023 model year Tacoma vehicles because an axle shaft …

Posted: Mar 05, 2024

WTW strengthens CRB NA team with three new hires

Reinsurance News

Global re/insurance broker, WTW, has announced the addition of three strategic hires, within the Private Equity and Transactional Solutions team, which include Daniel Kesack as Director of Contingent Solutions, Shirley Chin as Head of Tax Insuranc...

Posted: Mar 05, 2024

25 Straight Quarters of Premium Increases for Commercial Lines: CIAB Survey

Carrier Management

25 Straight Quarters of Premium Increases for Commercial Lines: CIAB Survey Overall comm...

Posted: Mar 05, 2024

MGA Mustard partners with Sovereign Insurance Australia for enhanced market solutions

Reinsurance News

Mustard Underwriting Pty Ltd (Mustard), a specialist MGA, recently announced its new partnership with Sovereign Insurance Australia (SIA). Through this partnership, Mustard has gained financial backing and underwriting support. This means Mustard...

Posted: Mar 05, 2024

Physician Group Asks US to Make Funds Available to Doctors Hurt by Change Hack

Insurance Journal

Influential U.S. doctors’ group the American Medical Association (AMA) on Monday asked the Biden Administration to make emergency funds available to physicians hurt by ongoing problems created by the hack of UnitedHealth’s Change Healthca...

Posted: Mar 05, 2024

Lawsuit Claims Isolation and Abuse at Wyoming Boys School

Insurance Journal

Staff at Wyoming’s state youth detention facility locked juveniles in solitary confinement for weeks at a time, repeatedly buckled one in a restraint chair for up to 12 hours a day and poked fun at another while withholding the leg …

Posted: Mar 05, 2024

Reinsurance demand to remain strong but prices to peak in 2024, says Moody’s

Reinsurance News

Analysts at Moody’s Investors Service expect demand for reinsurance protection to remain strong in 2024 but warns that while reinsurers have scope to push through further price increases, as competition intensifies in the sector, prices will...

Posted: Mar 05, 2024

Under-representation of women in senior insurance roles in the UK, says Morningstar DBRS

Reinsurance News

Morningstar DBRS recently published a commentary highlighting the under-representation of women in management positions within the UK insurance sector, despite companies implementing several initiatives to counteract this trend. According to data...

Posted: Mar 05, 2024

Berkshire Unit Added to Lawsuit Over Inflated Real Estate Commissions

Insurance Journal

A unit of Warren Buffett’s Berkshire Hathaway was added on Monday to a lawsuit accusing the National Association of Realtors and several brokerages of conspiring to keep real estate commissions artificially high nationwide. The complaint filed...

Posted: Mar 05, 2024