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China Re Board announces retirement of Non-Exec Director Wang Xiaoya

Reinsurance News

The board of directors of China Reinsurance (Group) Corporation, the country’s largest reinsurance firm, has announced the retirement of Wang Xiaoya. Xiaoya has stepped down as Non-Executive Director, Vice Chairlady, and member of the Board&...

Posted: Dec 03, 2024

Triple Threat Targets More Than 30,000 US Homes: CoreLogic

Insurance Journal

Year-round extreme risk from three natural disasters threatens more than 33,000 homes in the U.S., according to the latest analysis by CoreLogic. Hurricane wind, wildfire and inland flood are the most common combination of perils, research showed. Na...

Posted: Dec 03, 2024

Apple Accused of Silencing Workers, Spying on Personal Devices

Insurance Journal

Apple has been accused in a new lawsuit of illegally monitoring its workers’ personal devices and iCloud accounts while also barring them from discussing their pay and working conditions. The complaint filed in California state court on Sunday...

Posted: Dec 03, 2024

Best Agency to Work For – Southeast Bronze Winner: Brightway Insurance

Insurance Journal

The people at Brightway Insurance, based in Ponte Vedra Beach, Florida, near Jacksonville, seem to have taken employee satisfaction and performance to a whole new level. Each employee is asked to make sure, before they leave the office each day, &#82...

Posted: Dec 03, 2024

Old Damage, New Claim: Davies Risk Head Notes Rise in ‘Soft Fraud’ in Southeast

Insurance Journal

With multiple hurricanes rocking Florida and other parts of the Southeast this year, claims professionals have said they are seeing a trend toward “soft fraud,” with more policyholders attempting to include older or unrelated damage in re...

Posted: Dec 03, 2024

Flavored Vape Products Dispute Goes Before US Supreme Court

Insurance Journal

A dispute over the U.S. Food and Drug Administration’s refusal to let two e-cigarette companies sell flavored vape products due to their health risk to youths goes before the U.S. Supreme Court on Monday in another case involving the power &#82...

Posted: Dec 03, 2024

California Eyes $25 Million Legal Fight Against Trump Plans

Insurance Journal

California Gov. Gavin Newsom wants to allocate as much as $25 million to challenge President-elect Donald Trump’s most aggressive policies with a battalion of lawyers. On Monday the state legislature, led by a Democratic supermajority, will con...

Posted: Dec 03, 2024

People Moves: Symphony Risk Names Tobin Director of Dedicated Cannabis Business, Symphony Grow

Insurance Journal

Symphony Risk Solutions named Corey Tobin director of Symphony Grow, its specialty business focused on the cannabis industry. Tobin has more than 15 years of experience in the cannabis and insurance industries. He most recently served as senior vice...

Posted: Dec 03, 2024

Prosecutors Say Retail Thieves Stole $2M in Products Then Resold Them

Insurance Journal

A shoplifting ring that stole nearly $2 million in clothes and beauty products from Macy’s and other well-known stores in the U.S. and then resold them in New York City and the Dominican Republic has been busted, law enforcement officials &#823...

Posted: Dec 03, 2024

Best Agency to Work For – South Central Bronze Winner: SMA

Insurance Journal

Scarbrough, Medlin and Associates Inc. has built its success on a foundation of trust. “I never needed to be pushed or made to work,” said Rod Medlin, Scarbrough, Medlin & Associates Inc. (SMA) CEO. “My theory is to find people...

Posted: Dec 03, 2024

Best Agency to Work For – West Bronze Winner: Heritage Insurance Agency

Insurance Journal

It’s a family affair at Heritage Insurance Agency and not just because a husband-and-wife team run the firm. Steve Mora, the principal and CEO, who runs the Chico, California-based agency along with his wife Kelly, principal and chief marketing...

Posted: Dec 03, 2024

MS Amlin joins the Berne Union

Reinsurance News

Mitsui Sumitomo Insurance Group subsidiary MS Amlin, has joined the Berne Union as Observer Member alongside ABGF of Brazil, becoming the association’s two most recent additions. MS Amlin will join the MLT Committee, while ABGF will participate in...

Posted: Dec 03, 2024

Best Agency to Work For – East Bronze Winner: USI Insurance Sevices

Insurance Journal

USI a ‘Well-Oiled Machine’ in Year 30 A thirtieth birthday marks a key milestone in a person’s life. It’s the age when crashing on your friend’s couch is no longer an acceptable sleeping arrangement, and when every bend...

Posted: Dec 03, 2024

Ex-TV Host Charlie Rose Resolves Sexual Harassment Lawsuit

Insurance Journal

Former TV host Charlie Rose has resolved a sexual harassment lawsuit brought by three women in the wake of his #MeToo-era ouster from CBS News in 2017 and the cancellation of his long-running, eponymous PBS talk show. In settling, the …

Posted: Dec 03, 2024

Best Agency to Work For – Midwest Bronze Winner: The Bulow Group

Insurance Journal

At The Bulow Group, work-life balance is a core value that benefits employees on both sides. “We are super flexible as an agency,” said one Bulow Group employee who nominated their agency as one of the best in Insurance Journal’s &#...

Posted: Dec 03, 2024

Forget 'Social Inflation'; Think 'Legal System Abuse'

Insurance Thought Leadership

Forget 'Social Inflation'; Think 'Legal System Abuse' PaulCarroll

Posted: Dec 02, 2024

New York Life’s Chief Compliance Officer Joins Norm Ai Regulatory Advisory Board

IIR

Sandi Tillotson, Chief Compliance Officer of New York Life Insurance Company, has joined the Norm Ai Regulatory Advisory Board.

Posted: Dec 02, 2024

John Hancock Adds New Apple Watch Series 10 to its Vitality Program

IIR

Vitality PLUS members can earn Apple Watch Series 10, or Apple Watch SE, for as little as $25, plus tax, by staying active.

Posted: Dec 02, 2024

What's Holding Insurers Back on AI?

Insurance Thought Leadership

What's Holding Insurers Back on AI? AI & Machine Learning

Posted: Dec 02, 2024

Tembo raises £14 million

coverager

Aviva participated in the round.

Posted: Dec 02, 2024

Hub International to acquire Insuritas

coverager

Allianz will underwrite all general insurance products (excluding travel), and manage claims, under the RAA brand.

Posted: Dec 02, 2024

5 Areas Where Alignment Can Make or Break an Acquisition

IA Magazine

From building a brand to running paid social media ads, the world of marketing has significant nuances that agency staff miss as they concentrate on core activities like sales and service.

Posted: Dec 02, 2024

December ITL Focus: Generative AI

Insurance Thought Leadership

December ITL Focus: Generative AI AI & Machine Learning sradomski

Posted: Dec 02, 2024

Where Gen AI Takes Us Next

Insurance Thought Leadership

Where Gen AI Takes Us Next AI & Machine Learning sradomski

Posted: Dec 02, 2024

New AI Prediction Tool Generates Realistic Satellite Images of Future Floods

Carrier Management

New AI Prediction Tool Generates Realistic Satellite Images of Future Floods Researchers have deve...

Posted: Dec 02, 2024

Triple Threat Targets More Than 30,000 U.S. Homes: CoreLogic

Carrier Management

Triple Threat Targets More Than 30,000 U.S. Homes: CoreLogic Year...

Posted: Dec 02, 2024

Texas Farmers Say Forever Chemicals in Fertilizer Poisoned Their Land

Insurance Journal

JOHNSON COUNTY — Tony Coleman recognizes the signs all too well. A cow drools strings of saliva. Then it starts to limp, each step slower. Then it grows stiff. Then it’s quick. There’s nothing to be done. The cow dies. …

Posted: Dec 02, 2024

AM Best Revises Outlook for U.S. Personal Lines Insurance Segment to ‘Stable’

Insurance Journal

AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, along with solid levels of risk-adjusted capitaliza...

Posted: Dec 02, 2024