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Fathom provides water risk intelligence and flood models.
Posted: Dec 19, 2024
Odometer Fraud May Exist in More Than 2M Cars on U.S. Roads Odometer fraud remains rampant, recent CARF...
Posted: Dec 19, 2024
The partnership started in 2022.
Posted: Dec 19, 2024
Insurance Business Magazine - US
Posted: Dec 19, 2024
U.S. to Extend Airbag Probe Rather Than Require Vehicle Recall The National Highway Traffic...
Posted: Dec 19, 2024
Unnati Bajpai has been named chief executive officer.
Posted: Dec 19, 2024
Texas property management companies Castle Hills Master Association Inc., Bright Realty LLC, Bright Industries LLC, and Bright Executive Services LLC will pay $55,000 and furnish other relief to settle a disability discrimination lawsuit filed by the...
Posted: Dec 19, 2024
Global insurance and reinsurance broking group Aon has released its latest capital poll, which showcases that most US insurers expect to exceed a growth rate of 5% in 2025. According to the firm, many survey respondents foresee a favorable environ...
Posted: Dec 19, 2024
The Global Federation of Insurance Associations (GFIA), which represents the interests of the global insurance industry, has appointed Stephen Frank as its new president and made changes to its executive committee during its general assembly in So...
Posted: Dec 19, 2024
DARAG Group, the Malta-based legacy acquirer that focuses on the European market, announced it has completed the sale of its North American and Bermuda business entities to the RiverStone Group, a subsidiary of Fairfax Financial Holdings Ltd. Financi...
Posted: Dec 19, 2024
Amazon Allegedly Rejected Warehouse Safety Recommendations Due to Productivity Concerns At least two in...
Posted: Dec 19, 2024
MS&AD’s corporate venture fund, MS&AD Ventures, has increased by US $100 million, bringing the fund’s total amount under management to US $400 million. MS&AD Ventures, the first Corporate Venture Capital (CVC) of a Japanese insurance c...
Posted: Dec 19, 2024
Denmark warned that Russia’s navy may start escorting the so-called shadow fleet tankers through Danish straits to escalate provocations against NATO countries. Threats against Denmark have become “more serious,” and Russia now has...
Posted: Dec 19, 2024
US insurance and investment firm, Prudential Financial Inc., has closed a reinsurance transaction for a portion of its guaranteed universal life block with Wilton Re. Readers may recall, in August, Prudential Financial entered into an agreement wi...
Posted: Dec 19, 2024
This edition of International People Moves details appointments at Generali Global Corporate & Commercial (GC&C) and the broker Miller. A summary of these new hires follows here. Generali Global Corporate & Commercial Taps Allianz’s...
Posted: Dec 19, 2024
Ryan Specialty has announced the appointment of Shawn Yingling as Chief Retail Distribution Officer for its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). Miles Wuller, President & CEO of RSUM, expressed enthusias...
Posted: Dec 19, 2024
W. R. Berkley Corp., the Greenwich, Connecticut-based insurer, announced that Berkley Insurance Co. has received regulatory approval to launch a branch office in India. The new branch, Berkley Insurance Co., IFSC Branch GIFT City, Gujarat, marks a si...
Posted: Dec 19, 2024
Aon has expanded its Climate Risk Monitor solution, launched in March this year, to include enhanced flood risk capability through its most recent collaboration with flood expert, Fathom. This partnership looks to assist clients to better understa...
Posted: Dec 19, 2024
The National Highway Traffic Safety Administration said on Wednesday it will not seek an immediate recall of airbag inflators in about 50 million U.S. vehicles assembled by 13 automakers and instead will conduct further investigation. The agency said...
Posted: Dec 19, 2024
Insurance Business Magazine - US
Posted: Dec 19, 2024
Trump Transition Recommends Scrapping Car-Crash Reporting Requirement The Trump transition team wants...
Posted: Dec 19, 2024
Millions of Homeowners May Be Underinsured Due to Secondary Structures: ZestyAI Millions of...
Posted: Dec 19, 2024
The Invest Program brings new professionals into the industry through insurance education
Posted: Dec 19, 2024
Deutsche Bank has released its 2025 outlook for European and UK P&C insurers, highlighting the increasing importance of efficiency in the face of evolving P&C market dynamics. The report notes that primary insurers have outperformed reinsu...
Posted: Dec 19, 2024
Crescent Specialty, an MGA and Wholesale Brokerage firm, has announced that it is now a Lloyd’s of London Coverholder. Headquartered in Houston, Texas, Crescent Specialty is an independent, employee-owned business initially dedicated to the...
Posted: Dec 19, 2024
Pennsylvania’s facility that insures high risk medical professionals is a public agency, not a private entity, the Third Circuit Court of Appeals recently ruled. The ruling by a three-judge panel opens the door for the state to access the Penns...
Posted: Dec 19, 2024
The U.S. Senate Budget Committee on Wednesday held a hearing to release a study they said confirms climate change is increasing non-renewal rates in multiple states, but the insurance industry clapped back by saying extreme weather is just part of &#...
Posted: Dec 19, 2024
The Trustees of the Airways Pension Scheme have completed a £340 million longevity swap transaction with Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, and Zurich UK. This arrangement aims to help to mitigate the financial ris...
Posted: Dec 19, 2024
Chubb’s excess and surplus lines division, Westchester, has promoted Nick Gatt, formerly Chief Operating Officer (COO) for Westchester Programs, to Head of the division. In the new role, he reports to Dave Lupica, Division President of Westchester...
Posted: Dec 19, 2024
European insurers are approaching the new year from a position of strength, having benefited from supportive interest rates and pricing cycles over the past two years. However, 2025 is expected to present more challenges, with falling yields and mode...
Posted: Dec 19, 2024
London-based Volt Underwriting, a Lloyd’s approved coverholder, has announced a significant increase in its underwriting capacity for 2025, as it has secured a new $37.5 million binding authority for onshore power and renewable energy risks in the...
Posted: Dec 19, 2024
Dubai Aerospace Enterprise (DAE) has revealed that it has received $201 million in cash settlements over the past three months from selected insurance companies for aircraft previously leased to airline carriers in the Russian Federation. For cont...
Posted: Dec 19, 2024
The European Insurance and Occupational Pensions Authority (EIOPA) has published the results of a stress test, in which it assessed European insurers’ ability to manage the economic and financial fallout from a resurgence of geopolitical ten...
Posted: Dec 19, 2024
Bermuda-based reinsurance company PartnerRe has announced updates within its Life leadership team, appointing Kevin O’Regan as CEO, Global Longevity, and expanding John Mok’s role to CEO, Life & Health APAC & EMELA, both effect...
Posted: Dec 19, 2024
Reinsurance broker Augment Risk has launched its newly created captive and alternative risk transfer solutions offering, and appointed Steve McElhiney to lead this new venture. Augment Risk’s new captive and alternative risk transfer solutio...
Posted: Dec 19, 2024
Looking ahead to 2025, Swiss Re’s Business Unit CEOs highlight that the re/insurance industry faces geopolitical instability, social tensions, and economic uncertainty—factors that could significantly impact the industry and potentially driv...
Posted: Dec 19, 2024
The brokerage industry is adapting to a changing landscape as macroeconomic conditions temper the tailwinds that have driven growth in recent years. High interest rates, historical valuations, and tighter access to capital have slowed M&A activit...
Posted: Dec 19, 2024
Cytora, the digital risk processing platform has entered into a partnership with Moody’s RMS, the global catastrophe risk modeling and solutions company, in a move that is set to help insurers weather climate and natural disaster risk. Accor...
Posted: Dec 19, 2024
Zurich-based catastrophe insurance data provider PERILS has updated its industry loss estimate for the floods in Central Europe and Italy from September 14–20, 2024, raising the total to €2.08 billion from the initial estimate of €1.886 billion re...
Posted: Dec 19, 2024
Elysian, a revolutionary AI-orchestrated Third Party Administrator (TPA) for the insurance industry, has announced its official launch with $3 million in pre-seed funding led by American Family Ventures. Co-founded by insurance industry veteran Gr...
Posted: Dec 19, 2024