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Coming Soon to Florida: New State-Fed Program to Elevate Homes in Flood Zones

Insurance Journal

At the Florida Chamber of Commerce Insurance Summit last week, the state’s emergency management director announced a multi-million-dollar program that many homeowners, lawmakers and insurers have long hoped for: New grants and low-interest loan...

Posted: Dec 11, 2024

Horace Mann Insurance Now Available to New Jersey Teachers

Insurance Journal

Horace Mann Educators Corp., which targets teachers and others in education, announced its expansion into New Jersey. Already serving educators in more than 40 states, Horace Mann will offer its suite of financial and insurance products to the educat...

Posted: Dec 11, 2024

Contractors on New York Public and Certain Private Projects Must Now Register With State

Insurance Journal

New York has a new law on the books requiring contractors and subcontractors who submit bids or perform construction work on public projects or certain private projects to register with the state. The New York State Department of Labor (NYSDOL) &#823...

Posted: Dec 11, 2024

Contractors on New York Public and Certain Private Projects Must Register With State

Insurance Journal

New York has a new law on the books requiring contractors and subcontractors who submit bids or perform construction work on public projects or certain private projects to register with the state. The New York State Department of Labor (NYSDOL) &#823...

Posted: Dec 11, 2024

California Labor Commissioner Cites 19 Car Washes $1.3M for Violations

Insurance Journal

The California Labor Commissioner’s Office issued $1.3 million in fines for wage theft restitution and civil penalties against 19 car washes in the South Bay area of Los Angeles County and in Orange County. The LCO reportedly found that the &#8...

Posted: Dec 11, 2024

CyberCube adds St. Andrews as new Broking Manager client to boost growth

Reinsurance News

CyberCube, a provider of cyber risk analytics, has unveiled a new partnership with St. Andrews Insurance Brokers, the Canada-based retail brokerage to utilise CyberCube’s Broking Manager. According to the announcement, this partnership will allow...

Posted: Dec 11, 2024

Trump Taps Andrew Ferguson to Replace Lina Khan as FTC Chair

Insurance Journal

U.S. President-elect Donald Trump tapped Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency, Trump said on social media on Tuesday. Ferguson, one of two Senate-confirmed Republican FTC commissioners appoin...

Posted: Dec 11, 2024

Hub International acquires assets of Hadfield Agency

coverager

Terms of the transaction were not disclosed.

Posted: Dec 11, 2024

Target Must Face Shareholder Lawsuit Over Pride Backlash, Judge Rules

Carrier Management

Target Must Face Shareholder Lawsuit Over Pride Backlash, Judge Rules Target has failed...

Posted: Dec 10, 2024

10 Importing Tips to Ensure Compliance with U.S. Customs

Insurance Journal

This post is part of a series sponsored by Trucordia. Use the ten tips below as a guide to ensuring your compliance with U.S. Customs when importing into the United States. Maintaining your compliance with U.S. Customs and Border Protection …

Posted: Dec 10, 2024

Brethren Mutual Insurance Company Implements One Inc’s ClaimsPay

IIR

Brethren mutual will deploy One Inc’s ClaimsPay to enhance its claims payment capabilities, as part of a commitment to provide policyholders a seamless digital experience

Posted: Dec 10, 2024

MMG’s Matt McHatten Elected Chair of Insurance Information Institute

Insurance Information Institute

MEDIA CONTACTS: Triple-I: Loretta Worters, 917-208-8842, [email protected] MMG Insurance: Hollie Wolverton, 877-256-2609, [email protected]     NEW YORK, Dec. 11, 2024 — Matt McHatten, president and chief executive officer at MMG Insurance,...

Posted: Dec 10, 2024

Insurity Names Sylvester Mathis Chief Revenue Officer

IIR

Mathis will focus on new market opportunities, including bureau-based managed services, emerging technologies, and data-driven decision-making.

Posted: Dec 10, 2024

MetLife and General Atlantic to Launch Reinsurer Chariot Re

IIR

The two companies anticipate that Chariot Re will have an initial combined equity investment of over $1 billion, and that they will each initially own approximately 15 percent of the equity in the company.

Posted: Dec 10, 2024

Nationwide expands Ting program

coverager

Nationwide is expanding the program to members in 44 states.

Posted: Dec 10, 2024

Higginbotham joins forces with Fitts Agency, Inc. of Tuscaloosa, Alabama

coverager

MarshBerry acted as the exclusive financial advisor to the Fitts Agency in the transaction. 

Posted: Dec 10, 2024

Malibu Fire Explodes in Size, Forces Thousands to Evacuate

Insurance Journal

A Southern California wildfire whipped by “particularly dangerous” winds destroyed homes, shut schools and spurred the evacuation of thousands of people near Malibu. The Franklin Fire has now scorched about 2,600 acres after starting late...

Posted: Dec 10, 2024

Nippon Life in talks to acquire Resolution Life

coverager

Resolution Life confirmed the reports about a possible deal.

Posted: Dec 10, 2024

Key Risk launches workers’ comp solutions for the cannabis industry

coverager

The company is now offering workers' comp for cannabis companies. 

Posted: Dec 10, 2024

Gen to acquire MoneyLion

coverager

Nationwide is expanding the program to members in 44 states.

Posted: Dec 10, 2024

Insurer-backed EasyKnock shuts down

coverager

EasyKnock faces over two dozen lawsuits around the country and several investigations by state attorneys general. 

Posted: Dec 10, 2024

Hub Acquires Fairfield County Bank Insurance Agency

Insurance Journal

Global insurance broker Hub International Limited announced that it has acquired the assets of Fairfield County Bank Insurance Services, LLC. Terms of the transaction were not disclosed. Headquartered in Ridgefield, Connecticut, with additional offic...

Posted: Dec 10, 2024

What is Strategic Cargo Theft? – What’s Brewing Podcast (Episode 6)

Insurance Journal

This post is part of a series sponsored by IAT Insurance Group. In this episode, Peter Matthews, SVP of Commercial Truck, and Jared Fritts, Loss Control Specialist, tackle the issue of Strategic Cargo Theft – what it is, how it …

Posted: Dec 10, 2024

Swarm of Moderate to Strong Quakes Hit Alaska’s Aleutian Islands

Insurance Journal

A series of moderate to strong earthquakes that struck Alaska’s western Aleutian Islands and offshore areas Sunday comprised what scientists call a “swarm,” but the state’s earthquake monitors said the seismic events should no...

Posted: Dec 10, 2024

Manufacturing Most Vulnerable to Cybersecurity Risks Across Industries: Report

Risk & Insurance

The manufacturing sector’s cyber exposure serves as a wake-up call for the industry, according to Cowbell. The post Ma...

Posted: Dec 10, 2024

With Insurance, Other Costs Soaring Holiday Debt May Linger Until Mid-2025: Survey

Carrier Management

With Insurance, Other Costs Soaring Holiday Debt May Linger Until Mid-2...

Posted: Dec 10, 2024

U.S. Small Business Sentiment Nears 3.5 Year High in November

Carrier Management

U.S. Small Business Sentiment Nears 3.5 Year High in November U.S. small-business confidence...

Posted: Dec 10, 2024

Speed, Vehicle Height Increases Pedestrian Injury Risk: IIHS

Carrier Management

Speed, Vehicle Height Increases Pedestrian Injury Risk: IIHS A new stu...

Posted: Dec 10, 2024

Texas Mutual Awards $4.5M in Grants to Support Workforce Safety

Insurance Journal

Texas Mutual Insurance Company is announcing the recipients in the second round of its 2024 request for proposal initiative. The company is awarding more than $4.5 million to nearly 70 organizations across the state to support their efforts in workfo...

Posted: Dec 10, 2024

Iowa Woman Pleads Guilty to Fraudulent Injury Scam at Casino

Insurance Journal

An Iowa woman pled guilty to one count of presenting false information to an insurer over an alleged fraudulent injury at a casino, following an investigation by the Iowa Insurance Division’s Fraud Bureau. Tonya Weber, age 35, of Marshalltown,...

Posted: Dec 10, 2024

Texas Stock Exchange to Open Temporary Dallas HQ Next Year

Insurance Journal

The Texas Stock Exchange is getting ready to plant its flag in the Dallas real estate market. The upstart bourse backed by investors including BlackRock Inc. and Citadel Securities will open a temporary headquarters this spring at the Weir’s Pl...

Posted: Dec 10, 2024

Specialist Risk Group Buys UK Broker R3 in Its 11th Acquisition of 2024

Insurance Journal

Specialist Risk Group (SRG), the London-based insurance intermediary backed by Warburg Pincus and Temasek, announced the acquisition of specialist insurance broker, R3. R3 is SRG’s 11th acquisition in 2024, following previous acquisitions which...

Posted: Dec 10, 2024

TWIA Board approves 22% increase in reinsurance budget for 2025

Reinsurance News

At today’s Board meeting, staff at the Texas Windstorm Insurance Association (TWIA) approved the 2025 budget, which includes $485 million of ceded premiums, up on 2024’s $397 million, amid continued exposure growth and a subsequent lif...

Posted: Dec 10, 2024

Bridge Specialty Group Acquires Assets of Wisconsin’s ARMR

Insurance Journal

J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (“ARMR”), announced that a Bridge Specialty Group company and...

Posted: Dec 10, 2024

NFP Expands Presence in Texas With Acquisition of Capstone Strategies

Insurance Journal

NFP announced the acquisition of Capstone Strategies, LLC, a P&C and benefits broker located in Midland, Texas. Capstone Strategies founders Blake Johnston and Brandon Sheppard will join NFP as senior vice presidents, reporting to Amanda Ruback,...

Posted: Dec 10, 2024

Third-Party Litigation Funding is Forcing Commercial Insureds Need to Proactively Manage Their Legal...

Risk & Insurance

Insurers want to protect their customers. But the cost of that is increasing. The post Third-P...

Posted: Dec 10, 2024

Third-Party Litigation Funding is Forcing Commercial Insureds to Proactively Manage Their Legal Risk

Risk & Insurance

Insurers want to protect their customers. But the cost of that is increasing. The post Third-Party...

Posted: Dec 10, 2024

Corebridge Financial announces Board changes including new Chairman

Reinsurance News

Corebridge Financial, an American multinational financial services company, has announced changes to its Board of Directors. Alan Colberg has been elected as Chairman of the Board of Corebridge Financial, succeeding Peter Zaffino, Chairman and CEO...

Posted: Dec 10, 2024

On the Record with John Dempsey of Insight Risk Technologies

Risk & Insurance

Insight Risk Technology's John Dempsey has spent decades in the risk mitigation field. The post On the Record with John Dempsey of Insight...

Posted: Dec 10, 2024