All Posts

INTERPOL, Canada Government Join Forces to Put Brakes on Transnational Vehicle Theft

Carrier Management

INTERPOL, Canada Government Join Forces to Put Brakes on Transnational Vehicle Theft A new initia...

Posted: Nov 25, 2024

Sony Financial Group to acquire justInCase

coverager

The startup publicly disclosed ~$11 million in funding. 

Posted: Nov 25, 2024

Branch Insurance Exchange reports Q3 2024 results

coverager

The acquisition is subject to United Kingdom’s Financial Conduct Authority regulatory approval.

Posted: Nov 25, 2024

From Compliance to Competitive Advantage: Building Smarter Credit Scoring Models for Insurance

Risk & Insurance

This article explores the compliance landscape and the development of custom credit scoring algorithms to enhance underwriting and pricing precision. The post

Posted: Nov 25, 2024

Xabier Gallardo Named Senior Director of Client Relationship Management in WTW’s Natural Resources B...

Risk & Insurance

The latest people news in the industry today. The post Xabier Gallardo Named Senior Dire...

Posted: Nov 25, 2024

Lyndon Broad Appointed EVP of Staff Insurance Operations at FM

Risk & Insurance

The latest people news in the industry today. The post Lyndon Broad Appointed EVP of Staff Insurance Operations at FM appeared first...

Posted: Nov 25, 2024

Carisk Partners Names Bell CEO of Ancillary & Specialty Networks and Mahoney CEO of Outcomes

Risk & Insurance

The latest people news in the industry today. The post Carisk Partners Names Bell CEO of Ancillary & Spe...

Posted: Nov 25, 2024

Gunmaker Sig Sauer Must Pay $11M Over Pistol That Fired Accidentally

Carrier Management

Gunmaker Sig Sauer Must Pay $11M Over Pistol That Fired Accidentally Gunmaker Sig Sauer Inc. was ordered by a Pe...

Posted: Nov 25, 2024

2024 Atlantic Hurricane Wrap Up Ends With 18 Named Storms

Carrier Management

2024 Atlantic Hurricane Wrap Up Ends With 18 Named Storms The forecasts of above-average activity a...

Posted: Nov 25, 2024

Missouri Insurance Department Cautions Drives to Look Out for Deer

Insurance Journal

The Missouri Department of Commerce and Insurance is cautioning drivers to be on the lookout for deer and other wild animals as temperatures drop and nights become longer. “Dawn and dusk are the most susceptible times to experience deer collisi...

Posted: Nov 25, 2024

Ohio Outpatient Facility to Pay $16K Settlement After Patient Stabbed Nurse

Insurance Journal

An Ohio outpatient mental health treatment facility has agreed to pay a $16,000 settlement and take numerous steps to improve workplace safety after a patient attacked a nurse practitioner violently in April 2024. Responding to the incident, investig...

Posted: Nov 25, 2024

Texas Reaches $12.6M Settlement Related to 2019 Port Neches Chemical Explosion

Insurance Journal

Texas reached a $12.6 million settlement with TPC Group over environmental violations related to the November 2019 explosions at the company’s Port Neches chemical plant, Texas Attorney General Ken Paxton announced Friday. The settlement requir...

Posted: Nov 25, 2024

Texas Jury Awards $2M in Sex Discrimination Lawsuit Against SkyWest Airlines

Insurance Journal

A federal jury has awarded $2 million in punitive damages against SkyWest Airlines and $170,000 for emotional harm to Sarah Budd, a female parts clerk, to settle a sex discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (...

Posted: Nov 25, 2024

California Pledges EV Buyer Rebate If Trump Kills $7,500 Credit

Insurance Journal

California Gov. Gavin Newsom is promising to step in with a state electric-car tax credit if US President-elect Donald Trump repeals a federal subsidy after he takes office next year. Newsom, a prominent Democrat and frequent critic of Republican pol...

Posted: Nov 25, 2024

Bishop Street to acquire MGA Landmark Underwriting

Reinsurance News

Bishop Street Underwriters, a multi-boutique insurance platform, has announced that it will acquire Landmark Underwriting, a specialty focused managing general agent (MGA) in the London Insurance market. The financial terms of the acquisition were...

Posted: Nov 25, 2024

Afore Adds New Jersey’s BCA Insurance as Mid-Atlantic Partner

Insurance Journal

Afore Insurance Services, LLC has added BCA Insurance Group (BCA) of New Jersey to its platform as a partner in the Mid-Atlantic region. The acquisition allows BCA to expand its footprint by continuing to operate under the BCA name and …

Posted: Nov 25, 2024

UK Employers Warn Tax Rise Will Hit Investment and Pay

Insurance Journal

British employers have been caught off guard by a 25 billion-pound ($31 billion) tax rise at last month’s budget and plan to cut training, investment and jobs in response, a leading employers group said on Monday. The Confederation of British &...

Posted: Nov 25, 2024

AM Best Improves Outlook on US Personal Auto Segment to ‘Stable’

Insurance Journal

Insurance rating agency AM Best today said it has shifted its outlook of the U.S. personal auto insurance segment to stable from negative thanks to improving loss ratios of the top 20 carriers this year. Underwriting results have improved significant...

Posted: Nov 25, 2024

Ceres proposes federal climate risk reinsurance program to build resilience

Reinsurance News

In a recent report, Ceres calls for the consideration of a federal climate risk reinsurance program as part of its 10-point plan to help the U.S. insurance industry build resilience against increasing climate disasters. As climate change accelerat...

Posted: Nov 25, 2024

Secret Russian Oil Switching Gets New Greek Hotspot After Drills

Insurance Journal

The secret switching of Russian fuel cargoes between tankers at sea has migrated to new hotspots off the coast of Greece after the European country used naval drills to try and block the activity in one location. About 1 million …

Posted: Nov 25, 2024

Commercial Insurance Premiums Rise 5.1% in Q3

Risk & Insurance

Commercial P&C market stabilizes with 5.1% average premium increase, with umbrella coverage leading increases and D&O rates leading declines, CIAB reports. The post

Posted: Nov 25, 2024

Storm Bert Brings Flooding and Disruption to UK and France

Insurance Journal

Storm Bert left a trail of disruption across the UK, with hundreds of flood warnings in place for Wales and the west of England. Five people were reported to have died by local media, after the storm brought heavy rain …

Posted: Nov 25, 2024

Cargo Thefts Surge During Thanksgiving Holiday Period

Risk & Insurance

Cargo theft surges during Thanksgiving as criminals target trucks and exploit extended holiday facility closures, CargoNet reports.. The post Carg...

Posted: Nov 25, 2024

IRB (Re) identifies Brazil’s insurance coverage gap as a key opportunity: Goldman Sachs

Reinsurance News

Brazilian reinsurer IRB (Re) views Brazil’s insurance coverage gap as a significant long-term opportunity, according to Goldman Sachs, following a meeting with IRB CEO Marcos Falcão and Head of Investor Relations Natasha Nakagawa on November 18, 2...

Posted: Nov 25, 2024

Prudential Advisors integrates with LPL Financial

coverager

The transition included onboarding $25 billion in assets to LPL’s platform.

Posted: Nov 25, 2024

John Hancock offers latest Apple watch models through Vitality program

coverager

Vitality PLUS members can earn an Apple Watch starting at $25.

Posted: Nov 25, 2024

Alliant launches Government Contractors focused segment

coverager

The segment will be led by Bryan Salek and Angela Kirby.

Posted: Nov 25, 2024

Canara HSBC Life launches OmniGen AI

coverager

OmniGen AI analyzes underwriting guidelines, risk profiles, and risk model outputs.

Posted: Nov 25, 2024

Swiss startup Poncho raises $617k

coverager

The startup publicly disclosed ~$11 million in funding. 

Posted: Nov 25, 2024

Higginbotham Fitts in Another Alabama Agency

Insurance Journal

Higginbotham, an independent insurance and human resources firm based in Texas, has joined forces with Fitts Agency in Tuscaloosa, Alabama, further expanding Higginbotham’s presence in the state. Fitts CEO Forrest Fitts said the partnership is...

Posted: Nov 25, 2024

Generali and Natixis in Early Talks for Asset Management Tie-Up, FT Reports

Insurance Journal

France’s Natixis Investment Managers is holding early-stage talks with Italian insurer Generali about a potential tie-up, the Financial Times reported on Monday. The firms have not yet agreed to terms of a deal, and it remains uncertain whether...

Posted: Nov 25, 2024

Generali and Natixis in Early Talks for Asset Management Tie-Up, Source Says

Insurance Journal

France’s Natixis Investment Managers is holding early-stage talks with Italian insurer Generali GASI.MIabout a potential tie-up, a person with knowledge of the situation said, in a deal that could create one of the largest fund managers in Euro...

Posted: Nov 25, 2024

New York Fines GEICO $9.75M, Travelers $1.5M Over Auto Insurance Cyber Breaches

Insurance Journal

Two auto insurers will pay fines totaling $11.3 million for data breaches of online insurance quoting systems that New York officials say compromised personal information of an estimated 120,000 customers in total. New York Attorney General Letitia J...

Posted: Nov 25, 2024

Spain floods highlight role of state-backed reinsurance for climate risks

Reinsurance News

A recent report from Fitch Ratings has highlighted the vital role of the state-managed catastrophe insurer, Consorcio de Compensación de Seguros (CCS), in strengthening the Spanish insurance market’s resilience to climate risks, as demonstra...

Posted: Nov 25, 2024