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Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2024, continuing a trend that has now last more than 6 years. According to The Council of Insurance Agents and Brokers’...
Posted: Mar 04, 2024
Insurance Business Magazine - US
Posted: Mar 04, 2024
John Kinney, who joined The Hartford in 2003 and has led Claims and Operations since 2021, will leave the company effective April 5.
Posted: Mar 04, 2024
Florida OIR Approves Another 54,000 Citizens Takeouts; More Coming if Bills Pass Florida's Insurance...
Posted: Mar 04, 2024
RT Connector allows retail insurance agents to access multiple lines of coverage.
Posted: Mar 04, 2024
The New York-based startup gives people the option to sell their home and keep living in it as renters.
Posted: Mar 04, 2024
SiriusPoint Ltd., the global specialty re/insurer, has announced a series of key leadership appointments within global underwriting, including Christopher Larson joining the firm as Global Head of Casualty, based in New York, At the same time, the...
Posted: Mar 04, 2024
LOUISVILLE, Ky. (AP) — A tractor-trailer that was knocked dangling off a bridge over the Ohio River — prompting a dramatic rescue of the driver — was struck by a vehicle that had crossed into opposing traffic, Louisville Mayor Craig …
Posted: Mar 04, 2024
Brussels fined Apple 1.84 billion euros ($2 billion) on Monday, the iPhone maker’s first ever EU antitrust penalty, for preventing Spotify and other music streaming services from informing users of payment options outside its App Store. The Eur...
Posted: Mar 04, 2024
The Association of British Insurers (ABI) has launched a new guide to help insurance firms use artificial intelligence (AI) responsibly. The guide, which focuses on the best interests of consumers, sets out how those working in the insurance and l...
Posted: Mar 04, 2024
SCOR, one of Europe’s big four reinsurers, has confirmed that Stuart McMurdo, Chief Executive Officer (CEO) of its reinsurance segment, is to leave the company. McMurdo joined SCOR in 2018 as CEO of SCOR UK and the SCOR Syndicate, later beco...
Posted: Mar 04, 2024
WTW, a global advisory, broking and solutions company has appointed Julien Bosc to a newly created role as the Global Specialty Director within the company’s Insurance Consulting and Technology (ICT) business. Bosc will be based in London and repo...
Posted: Mar 04, 2024
AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of ClearPath Insurance Co., which do...
Posted: Mar 04, 2024
Specialist re/insurance broker McGill and Partners has appointed Julien Horn as Partner within its ports and terminals team, headed up by Julien Hubbard, adding expertise in logistics and transportation. Horn joins McGill and Partners from TT Club...
Posted: Mar 04, 2024
Aviva, an insurance and financial services company, has partnered up with Howden to provide bespoke insurance to Sunsave, a start-up which offers homeowners solar panels on a subscription service. From what we understand, the insurer and broker wo...
Posted: Mar 04, 2024
North Korea’s hacking groups have broken into at least two South Korean manufacturers of chipmaking equipment, as the country looks to evade sanctions and turn out its own semiconductors for weapons programs, South Korea’s spy agency said...
Posted: Mar 04, 2024
Inigo Limited (Inigo), a specialist insurance company, has recently announced its partnership with Samsara, an Industrial Internet of Things (IoT) firm. Together, they aim to revolutionise insurance solutions for US companies with large automotive...
Posted: Mar 04, 2024
Acrisure Re, the re/insurance division of Acrisure, has hired Joel Hodges as Executive Vice President, where he will be based in London with a global role. With a career spanning over 25 years across the re/insurance industry, Hodges brings a deep...
Posted: Mar 04, 2024
After a year of deadly wildfires around the globe, the world is burning again from Texas to Australia — and in some regions, the blazes are igniting early. Canada’s Alberta province said last month that wildfire season had already begun, …...
Posted: Mar 04, 2024
Industry experts know learning continues well into their careers. Designations offer specialized knowledge. The post
Posted: Mar 04, 2024
Global non-life specialty insurer R&Q Insurance Holdings Ltd (R&Q) has confirmed it is still exploring different strategic options for its Legacy Insurance business. However, it anticipates finalising the sale of its Accredited business by...
Posted: Mar 04, 2024
Insurance and reinsurance broker Aon has named Rishi Mehra as the Head of India, reporting to Anne Corona, Chief Executive Officer of Asia Pacific. Mehra will begin transitioning to his new role immediately and will be based in Mumbai by mid-2024....
Posted: Mar 04, 2024
Rising seas due to climate change could exacerbate the threat of arsenic in drinking water, according to a study published in PLOS One in January. Researchers focused on arsenic in well water in Bangladesh, where up to 97% of the …
Posted: Mar 04, 2024
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has appointed Will Curran as Head of Global Property Reinsurance, effective 11 March, 2024. Based in London, Curran will be responsible for bui...
Posted: Mar 04, 2024
A UK-owned ship attacked by Houthi militants last month sank in the Red Sea, the U.S. military confirmed on Saturday, as it echoed a warning from Yemen’s internationally recognized government that the vessel’s cargo of hazardous fertilize...
Posted: Mar 04, 2024
Property and auto-focused insurance group, Progressive, renewed its aggregate excess of loss (XoL) reinsurance program for its property business at the January renewals with a lower retention for both layers, and has also renewed and upsized its h...
Posted: Mar 04, 2024
The Insurance Council of Australia (ICA) has revealed that losses from declared insurance catastrophes over the summer have now reached $1.2 billion. According to the ICA, the two major events in this period were Ex-Tropical Cyclone Jasper, which...
Posted: Mar 04, 2024
Executives Deliver Divergent Views on Sustainability of Workers Comp Pr...
Posted: Mar 04, 2024
Posted: Mar 04, 2024
UK-domiciled insurer Aviva Plc will acquire 100% of Probitas Holdings (Bermuda) Limited, the ultimate holding company of the Probitas Group, for a minimum fixed consideration of £242 million, marking the firm’s entry into the Lloyd’s m...
Posted: Mar 04, 2024
Floodbase has been awarded a grant to launch parametric flood insurance programs for farmers in Mozambique and Malawi, with support from African Risk Capacity Limited (ARC Ltd.) and Global Parametrics. In Mozambique, over 80% of people depend on a...
Posted: Mar 04, 2024
Lloyd’s Insurance Company S.A. (Lloyd’s Europe) has announced its will provide non-life insurance business services on a Freedom to provide Services basis only in Lithuania and Malta from February 29, 2024. According to the announcement, the Natio...
Posted: Mar 04, 2024
Echo Reinsurance Limited (Echo Re), a global reinsurer, has recently announced its adoption of ACORD Solutions Group’s ADEPT (ACORD Data Exchange Platform and Translator) to streamline digital data exchange with Guy Carpenter. ADEPT, developed by...
Posted: Mar 04, 2024
Alphabet’s Google must face advertisers’ proposed class action lawsuit claiming that it monopolizes the ad exchange market, a U.S. judge ruled on Friday. But U.S. District Judge Kevin Castel dismissed some other antitrust claims, includin...
Posted: Mar 04, 2024
Artificial intelligence firms are facing increasing pressure from some of the world’s most formidable names in technology and media, as new tools spark fresh questions over the risks posed by chatbots that threaten to rival human intelligence....
Posted: Mar 04, 2024
Energy Raven has officially launched from American Family Insurance, where it was originally incubated. According to Energy Raven it was initially conceived as an internal corporate innovation project, it has now emerged as a nationally scaled com...
Posted: Mar 04, 2024
Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report released last month by Gallagher Re’s Strategic and Financial Analytics team. Downgrades of U.S...
Posted: Mar 04, 2024
Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report released last month by Gallagher Re’s Strategic and Financial Analytics team. Downgrades of U.S...
Posted: Mar 04, 2024
Florida’s Insurance Commissioner last week approved another round of takeouts from the state-created Citizens Property Insurance Corp., with an assumption dates in May. That brings the total takeouts with 2024 assumptions to more than 354,134,...
Posted: Mar 04, 2024
The University of Maryland has ordered fraternities and sororities on campus to suspend social and recruitment activities after the school received multiple reports of unsafe activities. A letter sent Friday from university officials to fraternity an...
Posted: Mar 04, 2024
A Delaware judge declared a mistrial Friday in the latest lawsuit alleging that exposure to the popular weedkiller Roundup causes cancer. The ruling came about two hours after jurors sent a note saying they were unable to reach a unanimous …
Posted: Mar 04, 2024
A California Workers’ Compensation Institute study shows nearly half of all litigated claims in the Los Angeles Basin are cumulative trauma claims that involve physical or mental injuries from repetitive stress, motion, or exposures, rather tha...
Posted: Mar 04, 2024