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Cytora and Pelmorex Corp Partner on Climate-Related Risks

IIR

The partnership aims to provide insurers with global weather and climate modeling data to make faster and more accurate underwriting decisions.

Posted: Dec 11, 2024

How the Insurance Industry Responded to the TikTok Kia Challenge

IA Magazine

While Kia and Hyundai owners faced challenges from the thefts of their vehicles, insurance carriers responded in various ways to deal with the threat.

Posted: Dec 11, 2024

Nationwide Expands Free Ting Fire Prevention Program to More Homes

IIR

Additional new and current policyholders are eligible to receive a free Ting sensor, along with five years of complimentary fire prevention service

Posted: Dec 11, 2024

GoAuto Insurance Implements One Inc ClaimsPay and PremiumPay

IIR

The unified platform simplifies inbound and outbound payments for greater operational efficiency.

Posted: Dec 11, 2024

Protective partners with iPipeline

coverager

iPipeline is a provider of digital solutions for the life insurance and wealth management industries.

Posted: Dec 11, 2024

Farmers To Resume Calif. Condo, Renters Cover; Write More HO Policies

Carrier Management

Farmers To Resume Calif. Condo, Renters Cover; Write More HO Policies Farmers Insurance said on Wednesda...

Posted: Dec 11, 2024

Liberty Mutual teams up with Volkswagen Insurance

coverager

Volkswagen Insurance is the insurance arm of Volkswagen.

Posted: Dec 11, 2024

Farmers brings back coverage in California

coverager

Ken Anderson will succeed Mr. Marcotte as Executive Vice President and CFO.

Posted: Dec 11, 2024

Inszone Acquires Texas’ Southerland And Associates

Insurance Journal

Inszone Insurance Services announced the acquisition of Southerland and Associates, Inc., an agency based in Austin, Texas. The strengthens Inszone’s footprint in Texas, enhancing the company’s ability to provide personalized service and...

Posted: Dec 11, 2024

Malibu Firefighters Make Gains on Blaze as Wind Warnings Persist

Insurance Journal

Firefighters made some gains containing a raging wildfire that threatens Malibu, California, even as the burn area doubled in size in a day and high-wind warnings are forecast to persist through much of Wednesday. The Franklin Fire, which has burned...

Posted: Dec 11, 2024

Horace Mann Enters New Jersey; Partners With Plymouth Rock

Carrier Management

Horace Mann Enters New Jersey; Partners With Plymouth Rock Horace Mann Ed...

Posted: Dec 11, 2024

Farmers Now Eyeing California Favorably and Will Expand Its Coverage Options

Insurance Journal

Farmers Insurance said on Wednesday it will resume offering coverage for multiple lines of insurance in California to new customers. The lines include condominium, renters, umbrella, landlord, vacant and manufactured home. Many of the reopened covera...

Posted: Dec 11, 2024

CU Financial Group and Sure partner to launch digital insurance solution SimpleQuote for credit unio...

coverager

Sure today announced it has partnered with CU Financial Group, LLC (CUFG) to launch SimpleQuote, a new digital insurance solution that will enable credit unions to offer their members seamless access to insurance.

Posted: Dec 11, 2024

Players Health raises $60 million

coverager

The investment brings Players Health’s total funding to over $100 million.

Posted: Dec 11, 2024

LexisNexis Risk Solutions acquires IDVerse

coverager

Acquisition will expand LexisNexis Risk Solutions’ capabilities in risk and fraud solutions and enhance digital identity onboarding and identity verification through IDVerse’s AI-powered technology.

Posted: Dec 11, 2024

Bridge Specialty Group acquires assets of ARMR

coverager

ARMR is a specialty wholesale environmental insurance brokerage platform.

Posted: Dec 11, 2024

Zurich UK appoints new CEO

coverager

Drazen joined Zurich Insurance Group in 2019.

Posted: Dec 11, 2024

Relm launches US MGA

coverager

Relm can more efficiently service a broader spectrum of clients via its US distribution partners. 

Posted: Dec 11, 2024

Uber Warns NYC Response to Insolvent Taxi Insurer Exposes Drivers

Insurance Journal

Uber Technologies Inc. is asking New York City’s taxi regulator to reconsider proposed changes to commercial auto insurance requirements, saying they may unintentionally leave thousands of drivers in one of the company’s largest markets u...

Posted: Dec 11, 2024

Breaking Down Restaurants’ Most Common and Costly Injuries

Risk & Insurance

The 2024 Restaurant Risk Report by AmTrust details what’s driving workers’ comp costs for restaurant operators and how to make meaningful changes in workplace safety. The post

Posted: Dec 11, 2024

Michigan DIFS Urges Residents to Review Policies Amid Winter Risks

Insurance Journal

The Michigan Department of Insurance and Financial Services (DIFS) is urging residents to review their auto, home, and renters’ insurance policies to ensure they fully understand their coverage and have a plan to pay policy deductibles in the e...

Posted: Dec 11, 2024

Women Drop Groping Lawsuit Against Indiana Attorney General

Insurance Journal

INDIANAPOLIS (AP) — Four women who accused Curtis Hill of drunkenly groping them at a bar when he was Indiana’s attorney general dropped their civil lawsuit against him hours before jury selection was set to begin on Monday. The women …

Posted: Dec 11, 2024

Datamaran Announces Deal With Deloitte to Use ESG Software

Insurance Journal

Datamaran, a provider of sustainability-related software, announced a collaboration with Deloitte in three European markets to provide companies with ways to better assess their environmental and social impacts and risks. In the agreement, Deloitte w...

Posted: Dec 11, 2024

Inszone Acquires Commercial Insurance of Texas

Insurance Journal

Inszone Insurance Services announced the acquisition Commercial Insurance of Texas Agency Services, a specialized agency based in Texas. This strategic acquisition strengthens Inszone’s presence in Texas and significantly expands its expertise...

Posted: Dec 11, 2024

Deadly Air Show Crash in Texas Caused by Lack of Proper Planning: NTSB

Insurance Journal

WASHINGTON (AP) — The deadly crash of two vintage military planes at a 2022 air show in Texas was caused by a lack of proper planning to keep aircraft separated and relying instead on a “see-and-avoid strategy” by pilots, federal …

Posted: Dec 11, 2024

Property cat reinsurance rates to be flat to down as much as 10% at Jan 1: TD Cowen

Reinsurance News

Following a series of meetings with senior insurance industry executives in Bermuda, TD Cowen analysts reported that pricing at January 1st for property catastrophe reinsurance is likely to be flat or decline by as much as 10%. This prediction com...

Posted: Dec 11, 2024

US Supreme Court Tosses Case Involving Securities Fraud Suit Against Nvidia

Insurance Journal

The U.S. Supreme Court sidestepped on Wednesday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing artificial intelligence chipmaker Nvidia of misleading investors about how much of its sales depended on t...

Posted: Dec 11, 2024

Moody’s assigns A3 Rating to Fortitude Re’s operating subsidiaries

Reinsurance News

The three main operating subsidiaries of Bermuda-based Fortitude Reinsurance Company Ltd. (Fortitude Re) have been assigned A3 Insurance Financial Strength Ratings by Moody’s, with a stable outlook. The rating actions concern Fortitude Reins...

Posted: Dec 11, 2024

Florida Set to Produce the Fewest Oranges Since 1930 After Storm

Insurance Journal

Florida’s orange production for the current season is forecast at 12 million boxes, the lowest since 1930, after a hurricane this fall accelerated an unrelenting industry downturn. That’s down three million boxes from an October forecast,...

Posted: Dec 11, 2024

WTW’s CLIPS reveals US commercial insurance rates climbed 6.1% in Q3’24

Reinsurance News

Global re/insurance broker WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS), US commercial insurance rates climbed by 6.1% during the third quarter of 2024, Based on the firm’s CLIPS for Q3’24, the collective commer...

Posted: Dec 11, 2024

Court Nixes Workers’ Compensation Benefits for Intoxicated UPS Driver

Insurance Journal

A United Parcel Service (UPS) driver who was intoxicated when he crashed his semi-trailer delivery truck has been denied workers’ compensation benefits. Delaware Superior Court Judge Kathleen Vavala last week reversed a state Industrial Acciden...

Posted: Dec 11, 2024

Court Nixes Workers’ Compensation for ‘Light Beer’ Drinking UPS Driver

Insurance Journal

A United Parcel Service (UPS) driver who was intoxicated when he crashed his semi-trailer delivery truck has been denied workers’ compensation benefits. Delaware Superior Court Judge Kathleen Vavala last week reversed a state Industrial Acciden...

Posted: Dec 11, 2024