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Nearly $9M Settlement Offered to Louisiana Nursing Home Residents Kept in Warehouse During Hurricane So...
Posted: Dec 10, 2024
Posted: Dec 10, 2024
NFP, a subsidiary of Aon and a global insurance brokerage and consultancy, has announced the acquisition of Capstone Strategies, LLC, a property and casualty (P&C) and benefits broker based in Midland, Texas. Blake Johnston and Brandon Sheppar...
Posted: Dec 10, 2024
A town in North Carolina sued utility firm Duke Energy DUK.N on Wednesday, accusing the company of deceiving its customers and the broader public about the harms of climate change. The town of Carrboro, about 30 miles from the state …
Posted: Dec 10, 2024
Economic downturn, labor shortages and inflation top the list of concerns for business leaders globally, according to the World Economic Forum’s 2024 Executive Opinion Survey, released by strategic partners Marsh McLennan and Zurich Insurance G...
Posted: Dec 10, 2024
The Magnificent Seven: Customer Engagement Trends for 2025 From Our Partners sradomski
Posted: Dec 10, 2024
Professional indemnity (PI) insurance rates are falling at an unprecedented pace, with 56% of market participants predicting no rate increases in 2024, according to a new report from law firm Clyde & Co. The findings highlight the growing impa...
Posted: Dec 10, 2024
US small-business optimism surged in November to a more than three-year high in anticipation of more favorable economic policies after Donald Trump sealed his return to the White House. The National Federation of Independent Business optimism index j...
Posted: Dec 10, 2024
Utah-basrd insurance broker Trucordia has acquired the insurance business of Archibald Insurance, an agency with offices in Richmond, Midlothian and North Chesterfield, Virginia. Archibald Insurance offers personal and commercial insurance. By joinin...
Posted: Dec 10, 2024
The global reinsurance industry is in a strong position and has ample buffers to absorb potential headwinds in the second half of 2024, according to the Artex Risk Solutions’ report, The Alternative View. The market has reported strong results for...
Posted: Dec 10, 2024
Odie Pet Insurance, known for its commitment to customer-first innovation, has chosen Agentech’s AI-driven platform to effectively automate tasks such as data extraction, generating pet health profiles, and medical records review.
Posted: Dec 10, 2024
The safety net that keeps insurers strong and ready to cover more.
Posted: Dec 10, 2024
The repurchases can be made via open market purchases, private negotiations, or other methods, subject to legal and financial considerations.
Posted: Dec 10, 2024
This addition allows financial advisors to manage both life insurance and annuities within a single system.
Posted: Dec 10, 2024
With "O2 Care | Travel", O2 private customers can take out international health insurance using their smartphone.
Posted: Dec 10, 2024
Specialist Risk Group, an insurance intermediary backed by Warburg Pincus and Temasek, has announced the acquisition of specialist insurance broker, R3. This marks SRG’s eleventh acquisition in 2024, following previous acquisitions which include S...
Posted: Dec 10, 2024
Specialist data analytics solutions provider Optalitix has formed a strategic partnership with PwC to enhance implementation services and support for users of Optalitix Quote, the company’s underwriting and pricing platform for insurers. This coll...
Posted: Dec 10, 2024
Economic Threats Top of Mind for Business Leaders Economic downturn, labor shortages and inflation top the...
Posted: Dec 10, 2024
Global insurer American International Group, Inc. (AIG) has closed its previously announced sale of approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company. The selling price of the stock, as previously rep...
Posted: Dec 10, 2024
Ben Sloop is set to take over as president of Amwins Group at the start of 2025, the wholesale brokerage said. Sloop succeeds James Drinkwater, who has been with Amwins since 2004 and has served as president since 2018. He …
Posted: Dec 10, 2024
Global specialty insurance provider Amwins Group, has announced the appointment of Ben Sloop as President, effective January 1, 2025. He will be taking over the role from James Drinkwater who will transition into the role of Vice Chair of Amwins w...
Posted: Dec 10, 2024
Global insurer Allianz has established a new independent strategic reinsurance platform called Sconset Re Ltd., which will be capitalized through equity investments from high-quality institutional partners. Located in Bermuda, Sconset Re will spec...
Posted: Dec 10, 2024
New European captive domiciles are seeing growth in company formations, including redomicilations from other jurisdictions, according to AM Best. In a new report, the agency reveals that France is leading the way in terms of new captive formations...
Posted: Dec 10, 2024
Allianz, one of Europe’s biggest insurers, has raised its three-year financial targets after outperforming its key goals for this year, the company said on Tuesday. Shares in Allianz fell 1.3% by 0832 GMT. The operator of the PIMCO brand sees &...
Posted: Dec 10, 2024
The CCRIF issued a total of US$85 million in record time to governments and non-sovereign policyholders in the Caribbean impacted by Hurricane Beryl, marking the largest payout in the organisation’s history, and underscoring its growing role...
Posted: Dec 10, 2024
Data-driven cyber reinsurance and analytics specialist Envelop Risk has completed a capacity agreement with MS Reinsurance for a further three years, in addition to reaching the milestone of $1 billion gross written premium since its launch in 201...
Posted: Dec 10, 2024
Arch Insurance, a division of Bermuda-based re/insurer Arch Capital Group, has announced the appointment of Rachida Laazaouzi as Senior Casualty Underwriter for the French market. Based in Paris, Laazaouzi will focus on growing Arch’s casualty por...
Posted: Dec 10, 2024
Pension Insurance Corporation plc (PIC) has completed a £370 million buy-in for the Hays Pension Scheme, securing coverage for over 4,200 members and transferring all associated financial and demographic risks. Hays Group contributed approximately...
Posted: Dec 10, 2024
SAN DIEGO, CA., December 10, 2024 – Arrowhead General Insurance Agency, Inc. has announced the launch of a new California E&S Homeowners program. This non-admitted product is a collaboration between Arrowhead’s Personal Property division an...
Posted: Dec 10, 2024
Liberty Mutual Insurance has appointed Nicole Arangio as its new Executive Vice President (EVP) and Chief Compliance Officer, effective April 1st, 2025, with a transition over the next few months. Currently, Arangio serves as Chief Compliance Offi...
Posted: Dec 10, 2024
Liberty Mutual Insurance has appointed Nicole Arangio as its new Executive Vice President (EVP) and Chief Compliance Officer, effective April 1st, 2025, with a transition over the next few months. Currently, Arangio serves as Chief Compliance Offi...
Posted: Dec 10, 2024
Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our Future. Of the 28 insurers rev...
Posted: Dec 10, 2024
After exceeding its 2024 economic goals, Allianz has raised its financial targets for the 2024-2027 cycle, aiming for a property and casualty operating profit of approximately €9.5 billion by 2027, with a combined ratio of 92-93%. In its other seg...
Posted: Dec 10, 2024
Global insurance and reinsurance broker Aon has promoted Ciaran Healy to Global Captive Leader for Commercial Risk Solutions, effective January 1st, 2025, based in Dublin. The promotion of Healy sees John English take on the role of Chairman of Ao...
Posted: Dec 10, 2024
After emerging from an unusually active hurricane season with market-beating returns, catastrophe bonds are rapidly adding investors. Despite the increase in extreme weather — 2024 marked the ninth straight season in which the Atlantic basin suffered...
Posted: Dec 10, 2024
Posted: Dec 10, 2024
AXA Hong Kong and Macau (AXA) and HK Express, supported by AXA Partners, have launched new flight delay parametric protection for HK Express customers who purchase U-First. This makes HK Express the first airline in Asia to offer parametric delay...
Posted: Dec 10, 2024
AM Best has affirmed Singapore Reinsurance Corporation Limited’s (Singapore Re) Financial Strength Rating of A and Long-Term Issuer Credit Rating of “a”, with a stable outlook for these ratings. The ratings reflect Singapore Re’s balance sheet str...
Posted: Dec 10, 2024
The US financial system continued to face vulnerabilities from commercial real estate risk and digital assets in 2024, Treasury Secretary Janet Yellen said on Friday, even as cooling inflation and low unemployment bolstered the broader economy. She s...
Posted: Dec 10, 2024
A meter of sea level rise by 2100 would affect more than 14 million people and $1 trillion worth of property along the Southeast Atlantic coast, a new study shows. A recent study published in the journal Nature Climate Change …
Posted: Dec 10, 2024
TALLAHASSEE, Fla. (AP) — Environmentalists are heading to court to try to stop a plan to drill for oil in the watershed of a vulnerable north Florida river. The challenge brought by the conservation group Apalachicola Riverkeeper against the state...
Posted: Dec 10, 2024