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CatX, the digital marketplace that connects re/insurers and brokers with alternative capital, has adopted catastrophe risk analytics from the Extreme Event Solutions group at Verisk, a global data analytics and technology provider. New insurance i...
Posted: Dec 20, 2024
Pension Insurance Corporation (PIC), the specialist insurer of defined benefit pension schemes, has concluded its first full scheme buy-in with Mosaic. Mosaic is PIC’s streamlined service for pension schemes with assets under £100 million. A...
Posted: Dec 20, 2024
Insurance and reinsurance broking group Gallagher has announced the appointment of Hassan Ashtari as Chief Client Officer for its Middle East and Africa specialty and facultative reinsurance operations. This newly created role reflects Gallagher’s...
Posted: Dec 20, 2024
MAPTYCS, a provider of advanced geospatial analytics solutions for the insurance sector, has announced the appointment of Daniel Grimwood-Bird as its Chief Revenue Officer. In this role, Grimwood-Bird will spearhead the company’s sales and marketi...
Posted: Dec 20, 2024
Zurich-based catastrophe insurance data provider PERILS has released its fourth and final insurance industry loss estimate for the Australia Christmas storms which impacted the the states of Victoria, New South Wales, and Queensland during the per...
Posted: Dec 20, 2024
Group of Seven nations are exploring ways to toughen the price cap on Russian oil as they seek to better target Moscow’s ability to fund its war against Ukraine, according to people familiar with the matter. Options under consideration range &#...
Posted: Dec 20, 2024
Singapore-headquartered insurance technology firm bolttech has raised more than $100 million in its latest funding round, led by Dragon Fund of Mitsubishi UFJ Financial Group and fintech direct lender Liquidity Group, it said on Friday. The Series C...
Posted: Dec 20, 2024
DARAG Group, a legacy acquirer specialising in the European market, has officially completed the transfer of its North American and Bermuda operations to RiverStone Group, after obtaining the necessary regulatory approval. This transaction, origin...
Posted: Dec 20, 2024
SPRINGFIELD, Ill. (AP) — Grubhub Inc., an online food ordering and delivery platform, will pay $25 million to settle a dispute over alleged deceptive business practices with the Illinois attorney general and the Federal Trade Commission, officials sa...
Posted: Dec 20, 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has launched Lockton Re Portfolio Solutions, a business segment dedicated to Programmes and Managing General Agents (MGA) in the United States. The new business segment will offe...
Posted: Dec 20, 2024
W.R. Berkley Corporation has announced that Berkley Insurance Company has received regulatory approval from the International Financial Services Centres Authority (IFSCA) to launch a branch office in India. The new branch, Berkley Insurance Compan...
Posted: Dec 20, 2024
Prevensure Group, a provider of re/insurance broking, underwriting services, and bespoke risk management solutions, has announced the appointment of Chandan Thakur as Divisional Director – Cyber & Financial Lines for its Prevensure Re team. Pr...
Posted: Dec 20, 2024
International insurer Tokio Marine Kiln (TMK) has released a new report outlining the market opportunity for brokers and insurers to support founders in the ‘FemHealth’ sector, emphasising that insurance is crucial for unlocking growth in this spa...
Posted: Dec 20, 2024
Augment Risk, the reinsurance and risk capital solutions broker, announced the appointment of Steve McElhiney as partner of newly created captive and alternative risk transfer solutions offering. Based in Dallas, Steve will develop Augment Risk’...
Posted: Dec 20, 2024
Noblr, a USAA Insurance subsidiary offering insurance through an online quoting application, will pay $500,000 following a data breach that New York officials say affected 80,000 people and led to fraudulent unemployment benefit claims. New York Atto...
Posted: Dec 20, 2024
Amazon.com will implement safety measures at all of its U.S. facilities to settle a federal agency’s claims that it failed to prevent workers from developing back problems and other ergonomic injuries, the agency said on Thursday. Amazon settle...
Posted: Dec 20, 2024
American Airlines has agreed to settle a race discrimination lawsuit by three Black men who were temporarily removed from a flight at the insistence of white flight attendants, according to a court filing on Thursday. The terms of the agreement ̷...
Posted: Dec 20, 2024
With a “silver tsunami” of skilled underwriters eligible to retire in coming years and a shift in employee expectations, recruitment and retention is a critical focus for the insurance industry right now, said experts during a November we...
Posted: Dec 20, 2024
A Senate Budget Committee report shows how dangerous climate change is to the nation’s financial system as well as how bad it could be for homeowners seeking affordable insurance. A Senate Budget Committee Staff report out this month, Uncoverin...
Posted: Dec 20, 2024
Afore Insurance Services, a brokerage and broker acquisition platform based in the Atlanta area, has acquired Block Insurance in Oveido, Florida, a firm that has specialized in finding coverage for childcare providers, educators, private schools and...
Posted: Dec 20, 2024
A Florida car dealer is awaiting sentencing after he pleaded guilty to rolling back the odometers on at least three vehicles by thousands of miles. Drew Mitchell Schreiber, owner of Central Florida Automotive Group, in Winter Garden, admitted that he...
Posted: Dec 20, 2024
The suspect in the killing of UnitedHealth Group UNH.N executive Brian Thompson is being charged with federal murder and stalking crimes, according to a court document filed on Thursday, alongside state murder and terrorism charges previously announc...
Posted: Dec 20, 2024
A New York man has been arrested on charges of conspiracy, arson and insurance fraud for allegedly hiring a man to set fire to his Yonkers home and then attempting to collect more than $1.3 million from his home insurance …
Posted: Dec 20, 2024
Allianz UK is heavily investing in its commercial digital trading team to accelerate profitable growth in the digital marketplace. This includes new appointments and promotions within the team, and an enhanced focus on seamless digital journeys. B...
Posted: Dec 20, 2024
A physician who worked for an Inland Empire medical company has agreed to plead guilty to conspiring to defraud California’s workers’ compensation trust fund by continuing to work on workers’ comp matters after being suspended due t...
Posted: Dec 20, 2024
Hub International Ltd. acquired the assets of Otter Insurance Agency Inc. in Lynnwood, Washington. Patrick Otter, president, and the Otter Insurance Agency team will join HUB Northwest. Otter Insurance Agency will be referred to as Otter Insurance Ag...
Posted: Dec 20, 2024
A California man was sentenced to 16 years in prison for filing false claims on dozens of auto collisions. Jacob McNabb, 33, of Bakersfield, was sentenced following a jury’s guilty verdict on four felony counts including insurance fraud after a...
Posted: Dec 20, 2024
DARAG Completes Sale of North American and Bermuda...
Posted: Dec 19, 2024
Senate Says Climate Is Causing Insurance ‘Crisis’; Industry Strikes Back The U.S. Senate Budget Committee on W...
Posted: Dec 19, 2024
The ‘FlyEasy’ parametric cover is now available on Zurich Indonesia’s Travel Product, via the Zurich Edge platform, offering real-time lounge access for delayed flights.
Posted: Dec 19, 2024
If a claim is caused solely by a volunteer and the entity gets sued, does the entity have coverage?
Posted: Dec 19, 2024
Gordon succeeds Christian Mitchell, who recently stepped down from his role as executive vice president and chief digital and information officer to pursue new opportunities.
Posted: Dec 19, 2024
Moody’s RMS Location Intelligence API provides catastrophe peril insights in over 100 countries and will be integrated directly into Cytora’s risk processing platform.
Posted: Dec 19, 2024
Moody’s RMS Location Intelligence API provides catastrophe peril insights in over 100 countries and will be integrated directly into Cytora’s risk processing platform.
Posted: Dec 19, 2024
Insurance Business Magazine - US
Posted: Dec 19, 2024
US authorities have reached a settlement to resolve a whistleblower case alleging that a New York state health insurer systematically defrauded the federal Medicare program by exaggerating how sick members were in order to boost profits. The settleme...
Posted: Dec 19, 2024
The Federal Aviation Administration on Thursday said it was temporarily barring drone flights over 22 utility locations in New Jersey amid public concern. The FAA said the decision to bar drones for 30 days at the sites was made in …
Posted: Dec 19, 2024
Posted: Dec 19, 2024
5 Ways to Modernize Insurance Customer Communications ITL Editorial Team
Posted: Dec 19, 2024
5 Ways to Modernize Customer Communications Customer Experience
Posted: Dec 19, 2024
NEW ORLEANS (AP) — Several people were injured Tuesday morning after foggy conditions contributed to several car crashes that forced the closure of the 24-mile-long (38.6-kilometer-long) bridge connecting the north and south shores of southeast Louis...
Posted: Dec 19, 2024