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Insurance regulatory updates, market challenges, and AI innovations from the SILA 2024 National Educ...

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What we learned at SILA 2024 National Education Conference.

Posted: Dec 16, 2024

Omaha National appoints Joan Klucarich as chief actuary

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To date, Omaha National has raised $105 million in funding from lead investor Agman and from Accomplice, HighSage Ventures, Tull Investments, and Cohen & Co.

Posted: Dec 16, 2024

Unlocking Efficiency in Life Insurance Renewals

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Is renewal time a cause for concern at your carrier?

Posted: Dec 16, 2024

Sure unveils vision for the future of insurance on its technology rails and network

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Sure, the insurance technology leader that unlocks the potential of digital insurance, today unveiled its vision for the future of insurance on Sure’s technology rails and network.

Posted: Dec 16, 2024

GM Insurance launches in Minnesota

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Coverage is now available 12 states. 

Posted: Dec 16, 2024

Fairfax announces acquisition of Omers investment in Brit

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Brit is a global specialty insurer and reinsurer.

Posted: Dec 16, 2024

Ageas closes Saga deal

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The agreement includes the establishment of a 20-year partnership between Ageas UK and Saga Services.

Posted: Dec 16, 2024

Nationwide partners with TrustLayer to pioneer on-demand commercial insurance verification

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Carrier selects TrustLayer to simplify and secure insurance verification for commercial customers and partners

Posted: Dec 16, 2024

Nationwide and TrustLayer: Changing the Game in Insurance Verification

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Real-time commercial insurance verification is here. And it's going to change everything.

Posted: Dec 16, 2024

Progressive reports 85.6% CR for November

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The insurer ended the month with net income of $1 billion.

Posted: Dec 16, 2024

Allianz withdraws offer for Income Insurance

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Warburg Pincus has several insurance investments including K2 Insurance Services, Fetch Pet, and Fortegra.

Posted: Dec 16, 2024

Cyber Attack Shuts Down Rhode Island’s Social Services Portal

Insurance Journal

The state of Rhode Island is dealing with a cyber attack that has shut down a portal citizens use to access health insurance and other social services. Governor Dan McKee said that on Friday, December 13, the state was informed …

Posted: Dec 16, 2024

Rhode Island Social Services Portal Suffers Ransomware Attack; Citizens’ Data at Risk

Insurance Journal

The state of Rhode Island is dealing with a cyber attack by criminals who have accessed the personal data of citizens who depend on a state portal for health insurance and other social services. Negotiations are underway with the cyber …

Posted: Dec 16, 2024

House Committee Says It Finds Evidence of ‘Climate Cartel’

Insurance Journal

The House Judiciary Committee said it’s found “substantial evidence of collusion and anticompetitive behavior” by the financial industry to “impose radical ESG-goals” on US companies. An interim report published by the R...

Posted: Dec 16, 2024

CyberCube enters into multi-year partnership with Mathison Insurance

Reinsurance News

CyberCube, a provider of cyber risk analytics for the insurance sector, has signed a multi-year partnership with Mathison Insurance Partners, in a move that will allow Mathison to deliver enhanced cyber risk solutions to its retail partners and cl...

Posted: Dec 16, 2024

Ruling on Field Stands: Philadelphia Eagles Denied Covid-19 Insurance Claim

Insurance Journal

The Philadelphia Eagles football team has lost its bid for federal court reconsideration of the dismissal of the team’s claim for insurance coverage for COVID-19 losses. The Eagles tossed a red flag in November after the federal district for Ea...

Posted: Dec 16, 2024

Ruling on Field Stands: Philadelphia Eagles Denied COVID-19 Insurance Claim

Insurance Journal

The Philadelphia Eagles football team has lost its bid for federal court reconsideration of the dismissal of the team’s claim for insurance coverage for COVID-19 losses. The Eagles tossed a red flag in November after the federal district for Ea...

Posted: Dec 16, 2024

Norway provides $4.5m to ARC’s SACPIP-Africa to strengthen climate resilience

Reinsurance News

Norway, through the Norwegian Agency for Development Cooperation, has provided NOK 50 million (approximately $4.5 million) to the African Risk Capacity Limited’s (ARC Ltd) Supporting Adaptation Capacity Through Increased Parametric Insurance Penet...

Posted: Dec 16, 2024

Climate, Collectibles and Cyber Top Wealthy Americans’ Risk Concerns

Risk & Insurance

Chubb survey details shifting risk perceptions among high-net-worth households. The post Climate, Collectibles and Cyber Top Wealthy...

Posted: Dec 16, 2024

John Latter to lead Claims for Chubb Overseas General

Reinsurance News

Global property and casualty insurer Chubb has appointed John Latter to lead Claims for Chubb Overseas General (COG), effective immediately, based out of London. In this new role, Latter will oversee Chubb’s claims organization in Europe, th...

Posted: Dec 16, 2024

International, Domestic Insurers Push Into Catastrophe-Hit US Property Markets

Insurance Journal

International and domestic insurers are pushing into the U.S. market for hard-to-protect homes, charging high premiums and enjoying strong profits after some U.S. firms pulled out. Rising losses from storms, hurricanes and wildfires in recent years h...

Posted: Dec 16, 2024

Economic risks, weather & talent shortage among top concerns for APAC businesses: Marsh, Zurich

Reinsurance News

Economic headwinds and escalating climate risks are the most pressing concerns for businesses across the Asia Pacific (APAC) region, a new survey conducted by the World Economic Forum, and released in partnership with Marsh McLennan and Zurich Ins...

Posted: Dec 16, 2024

People Moves: MMG’s McHatten Elected Chair of Insurance Information Institute

Insurance Journal

Matt McHatten, president and chief executive officer at MMG Insurance, is the new chair of the Insurance Information Institute’s (Triple-I) Executive Leadership Committee (ELC). McHatten succeeds Jennifer Kyung, CEO and founder of NextGen Under...

Posted: Dec 16, 2024

Dineika named Head of Technology Consulting UK&I at WTW

Reinsurance News

Global insurance brokerage WTW has appointed Algirdas Dineika as the Head of Technology Consulting UK&I for WTW Insurance Consulting and Technology. In his new role, his past experience will play a key role in creating customer success and bus...

Posted: Dec 16, 2024

Conversations from PLUS. Zurich’s Japhet Boutin Discusses EPLI and Her Conference Role

Risk & Insurance

Zurich's Japhet Boutin discusses developments in the EPLI landscape and talks about her involvement with PLUS. The post

Posted: Dec 16, 2024

People Moves: Rokstone Taps Hogarth From Castel for Direct & Facultative Property Team; Arch Insuran...

Insurance Journal

This edition of International People Moves details appointments at the re/insurance MGA Rokstone and Arch Insurance. A summary of these new hires follows here. Rokstone Taps Hogarth From Castel for Direct & Facultative Property Team Rokstone, the...

Posted: Dec 16, 2024

Lockton launches new Global Parametric Insurance Practice

Reinsurance News

Independent insurance broker Lockton has unveiled its new Global Parametric Insurance Practice, created to help businesses adopt cost-effective alternative risk solutions, and address the widening gap between insured and uninsured losses. The init...

Posted: Dec 16, 2024

California Commissioner Announces Regulation to Enable the Use of Modeling in Rates

Carrier Management

California Commissioner Announces Regulation to Enable the Use of Mode...

Posted: Dec 16, 2024

Trump Tariffs Could Intensify US Trucking Industry Slump, Experts Say

Carrier Management

Trump Tariffs Could Intensify US Trucking Industry Slump, Experts Say President-elect Donal...

Posted: Dec 16, 2024

Largest Miss. Seafood Company Sentenced for Mislabeling Fish as Local

Insurance Journal

GULFPORT, Miss. (AP) — The largest seafood distributor on the Mississippi Gulf Coast and two of its managers have been sentenced on federal charges of mislabeling inexpensive imported seafood as local premium fish, weeks after a restaurant and its co...

Posted: Dec 16, 2024

Stricken Oil Tankers Show Risks of Russia’s Aging ‘Shadow Fleet’

Insurance Journal

Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two aging tankers that were damaged during a heavy weekend storm, highlighting the environmental and insurance risks of Russia’s “shadow fl...

Posted: Dec 16, 2024

CRC Group Acquires Florida Wholesaler SLB Insurance Group

Insurance Journal

CRC Group, one of North America’s leading independent wholesale specialty insurance distributors, has acquired SLB Insurance Group, a binding authority operation with offices in Florida and Louisiana. Founded in 2000, SLB specializes in small t...

Posted: Dec 16, 2024

Political violence cover important as public protests in US rise by 30%: Chaucer

Reinsurance News

Chaucer, a global specialty insurance and reinsurance group, has emphasised the importance of political violence insurance for businesses with US operations due to a significant rise in public protests by US unions and workers. There has been a 30...

Posted: Dec 16, 2024

Swiss Insurer Helvetia’s Cost-Saving Plans Will Impact About 500 Jobs: CEO

Insurance Journal

Swiss insurer Helvetia plans to cut jobs and relocate some workers as part of an efficiency program aimed at saving about 200 million francs ($224 million) over the next three years. The measures will affect around 500 positions, of which …

Posted: Dec 16, 2024

AM Specialty appoints Stephen Mathews as Group CFO

Reinsurance News

AM Specialty Insurance Group has announced the appointment of Stephen Mathews as Group Chief Financial Officer (CFO). Mathews will lead the financial strategy for AM Specialty and its affiliates under the parent organisation, AM Holding Company. S...

Posted: Dec 16, 2024

Porsche Auto Insurance introduces new Unlimited Policy

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The new product is designed for Porsche owners who drive over 10,000 miles a year.

Posted: Dec 16, 2024

One80 Intermediaries acquires Waypoint Underwriting Management

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Waypoint Underwriting Management specializes in accident and health, workers’ compensation, property and casualty reinsurance.

Posted: Dec 16, 2024

Buy vs. Build: Navigating the SaaS AI Technology Decision

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What’s your secret sauce? Building internally pulls resources away from strategic priorities, hindering innovation in areas critical to a company’s competitive edge. Focus on your unique differentiator...then leverage subscription AI as needed.

Posted: Dec 16, 2024