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QuickFacts expands comparisons platform with hobby farm insurance

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Brokers can now provide tailored recommendations, streamlining the process for hobby farm owners seeking comprehensive coverage.

Posted: Dec 13, 2024

Tango excess insurance program to be backed by SiriusPoint

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Tango Specialty is a commercial lines MGA with a team of nearly 50 people, according to LinkedIn. Last year, it raised $1.3 million from Pelican Ventures.

Posted: Dec 13, 2024

Supreme Court to Hear Dispute Over California Tailpipe Emissions, EV Standards

Insurance Journal

The U.S. Supreme Court agreed on Friday to hear a bid by fuel producers to challenge California’s standards for vehicle emissions and electric cars under a federal air pollution law in a major case testing the Democratic-governed state’s...

Posted: Dec 13, 2024

8 Trends Shaping the Future of Insurance in 2025

Insurance Thought Leadership

8 Trends Shaping the Future of Insurance in 2025 From Our Partners sradomski

Posted: Dec 13, 2024

Why Chaz Perera Felt Driven to Solve the Unstructured Data Dilemma

Risk & Insurance

Chaz Perera and his Roots Automation co-founder Jon Cottongim are using their experience within the insurance industry to address the challenges of unstructured data. The post

Posted: Dec 13, 2024

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

Insurance Journal

California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation that will allow carriers to use the models as a factor in setting and getting ra...

Posted: Dec 13, 2024

CyberCube partners with HUB International

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HUB will leverage CyberCube's Broking Manager software

Posted: Dec 13, 2024

RSA launches protection for climate professionals

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The product is available through RSA's Regions business, catering to brokers and their clients.

Posted: Dec 13, 2024

AIG Leads Launch of Reinsurance Syndicate at Lloyd’s

Insurance Journal

American International Group announced it has led the launch of a new reinsurance syndicate at Lloyd’s. Commencing underwriting from Jan. 1, 2025, Syndicate 2478 will be a multi-year participant on AIG’s outwards reinsurance program. The...

Posted: Dec 13, 2024

AIG leads launch of new reinsurance syndicate at Lloyd’s

Reinsurance News

Global insurance firm American International Group, Inc (AIG) has led the launch of a new reinsurance syndicate at the specialist Lloyd’s marketplace, which will be a multi-year participant on the firm’s outwards reinsurance program. S...

Posted: Dec 13, 2024

People Moves: Cincinnati Financial Names Givler and Den Heuvel SVPs

Insurance Journal

Cincinnati Financial Corporation, headquartered in Cincinnati, promoted several leaders in its commercial/life operations and personal/specialty operations effective January 1. Sean M. Givler, senior vice president, commercial lines, will lead the co...

Posted: Dec 13, 2024

Howden Re appoints Paul Nicholson and Dominic Riley to its aviation and space team

Reinsurance News

Howden Re, the reinsurance arm of Howden, has announced the appointments of Paul Nicholson and Dominic Riley to its Aviation and Space team within the Global Specialty Reinsurance division. These appointments are set to enhance Howden Re’s Global...

Posted: Dec 13, 2024

Ryan Specialty Forms Contingency Unit, Joining Paradiso Risks and Alive Risk

Insurance Journal

Ryan Specialty, Chicago-based specialty insurance services firm, announced that Paradiso Risks is joining Alive Risk, Ryan Specialty’s sports, leisure and entertainment managing general underwriter. London-based Paradiso became part of Ryan aft...

Posted: Dec 13, 2024

New York in State of Emergency As It Faces Another Major ‘Lake Effect’ Snowstorm

Insurance Journal

New York State declared a state of emergency for portions of Western New York, Finger Lakes, Central New York and North Country regions as forecasts call for those areas to receive multiple feet of lake effect snow. Areas east of …

Posted: Dec 13, 2024

New Orleans Attorneys Accused of Staging Car Accidents in Insurance Fraud Scheme

Insurance Journal

Eight people and two law firms have been charged in what authorities say was more than a decade-long scheme of staging vehicle crashes in the New Orleans area and then submitting fraudulent insurance claims, leading to what prosecutors allege was &#8...

Posted: Dec 13, 2024

ABIR members contribute over $1bn to Bermuda’s economy in 2023 

Reinsurance News

Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) contributed a staggering $1,016,904,197 to Bermuda’s economy in 2023, making it the highest amount recorded in ABIR’s 31-year history. In fact, 2023 marked the first yea...

Posted: Dec 13, 2024

Consulting Firm McKinsey to Pay $650M to Resolve US Opioid Probe

Insurance Journal

McKinsey & Co has agreed to pay $650 million to resolve a U.S. Department of Justice investigation into the consulting firm’s work advising opioid manufacturer OxyContin maker Purdue Pharma on how to boost sales. McKinsey has entered into a...

Posted: Dec 13, 2024

Commercial Insurance In a State of Fragile Stability: Lockton

Risk & Insurance

Commercial insurers earnings are strong, but natural disasters, geopolitical risks, and mounting legal system challenges could upset the balance, the broker finds. The post

Posted: Dec 13, 2024

Hub Acquires Arkansas’ Hadfield Agency

Insurance Journal

Hub International Limited announced that it has acquired the assets of Hadfield Agency, Inc. (Hadfield Agency). Terms of the transaction were not disclosed. Headquartered in Little Rock, Arkansas, Hadfield Agency is an independent, multi-line insuran...

Posted: Dec 13, 2024

Nonstandard Auto Segment Posts Profit for First Half 2024

Insurance Journal

While publicity about personal auto insurer initiatives has focused chiefly on requested rate increases, there’s more to the picture regarding auto insurers’ efforts to improve underwriting results after two calendar years of record under...

Posted: Dec 13, 2024

Ohio Bill Seeks to Prohibit Mandating Firearm Liability Insurance

Insurance Journal

A bill making its way through the Ohio General Assembly would prohibit requiring firearm liability insurance. Senate Bill 58 passed the House by a 61-27 vote and now heads to the Ohio Senate, where legislators in the chamber will have …

Posted: Dec 13, 2024

US nonstandard auto insurance manages to squeeze small profit in H1’24, AM Best

Reinsurance News

According to AM Best, the global credit ratings agency, the US nonstandard auto insurance segment has posted a slight profit for the first half of 2024, following two years of unprofitable but improving results. A new report released by the agency...

Posted: Dec 13, 2024

Firefighters Getting Handle on California Blaze That Threatened Malibu

Insurance Journal

Firefighters are getting a better handle on a California wildfire that was threatening the city of Malibu as the winds that fanned the flames begin to subside. The Franklin Fire is now 30% contained and has burned 4,037 acres, according …

Posted: Dec 13, 2024

New York Court Rules NRA Must Undertake Reforms, Former Execs Must Pay Damages

Insurance Journal

The National Rifle Association (NRA) must reform its operations to conform with New York’s not-for-profit law and two of its former executives must pay the NRA $6.35 million in damages plus interest. That is the outcome of the latest battle &#8...

Posted: Dec 13, 2024

3 Generative AI Predictions for the Risk Management Profession in 2025

Risk & Insurance

Generative AI is set to revolutionize risk management in 2025, driving digital transformation, enhancing operational efficiency, and proving its ROI to skeptical executives. The post

Posted: Dec 13, 2024

Player’s Health Announces $60M Funding Round

Insurance Journal

Players Health, a provider of athlete safety and sports insurance solutions, has announced the closing of its $60 million Series C funding round. The round was led by Bluestone Equity Partners, an institutionally backed global private equity firm foc...

Posted: Dec 13, 2024

Re/insurance market expected to remain constructive going forward: Swiss Re’s Baertschi

Reinsurance News

The re/insurance market has remained consistent towards Swiss Re’s 2025 financial targets, and the reinsurer expects the market to be constructive going forward, according to Urs Baertschi, P&C Reinsurance Chief Executive Officer, Swiss...

Posted: Dec 13, 2024

Gallagher Buys Butler, a Georgia Benefits Agency

Insurance Journal

Arthur J. Gallagher, the global insurance brokerage, announced it has acquired Georgia-based Sheila J. Butler & Co., an employee benefits firm. Butler and team will remain in their office locale in Carrollton, Georgia, under the direction of Colb...

Posted: Dec 13, 2024

Texas Accuses Allstate-Owned Arity of Data Privacy Violations

Insurance Journal

Texas Attorney General Ken Paxton has filed a notice of violation against Allstate-owned Arity, a mobile data company that collects drivers’ information, for breaching the Texas Data Privacy and Security Act (TDPSA). The Nov. 29 notice alleges...

Posted: Dec 13, 2024

Farmers to reopen offering multiple lines coverage to new California customers

Reinsurance News

Farmers Insurance has announced it will resume offering coverage for multiple lines of insurance in California to new customers, in a phased reintroduction beginning December 14, 2024. Farmers Insurance’s expanded coverage will include condominium...

Posted: Dec 13, 2024