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Instead of becoming a major league umpire, Ed Mackoul chose to help his father build an insurance empire. Ed wasn’t sure how his life would turn out before joining Mackoul & Associates in 1995. College didn’t give him an answer. ̷...
Posted: Nov 25, 2024
Global insurance brokerage WTW has announced the appointment of Xabier Gallardo as Senior Director of Client Relationship Management within the Natural Resources division of Corporate Risk and Broking, North America (CRB NA). In this role, Gallard...
Posted: Nov 25, 2024
Chinese hackers are positioning themselves in U.S. critical infrastructure in the event of a clash with the United States, a top American cybersecurity official said on Friday. Morgan Adamski, the executive director of U.S. Cyber Command, said ongoin...
Posted: Nov 25, 2024
Total Canadian life insurance new annualised premium jumped 4% to (CAD) $478 million in the third quarter of 2024, according to LIMRA’s Retail Canadian Life Insurance Sales Survey. During Q3’24, policy count dropped 17%, which was largely du...
Posted: Nov 25, 2024
Global Non-Life Insurance Rates ‘Plateauing’ but Nat Cat Losses Delay Market Sof...
Posted: Nov 25, 2024
Florida Citizens’ Brass Tired of ‘Clickbait’ News on Its Hurricane Claims Denials Officials with Florida's...
Posted: Nov 25, 2024
At the PLUS Conference in Chicago, Jeff Kulikowski of Westfield Specialty shared some of his thoughts on wholesale distribution and professional lines coverage. The post
Posted: Nov 25, 2024
The UK government expanded its sanctions against Russia’s energy industry on Monday, blacklisting dozens of tankers responsible for moving the nation’s oil as well as two insurers involved in the trade. The measures ban any cooperation wi...
Posted: Nov 25, 2024
Allianz UK has announced the appointment of Isabella Von Mesterhazy as Managing Director for its Specialty business, effective 1 December 2024, subject to regulatory approval. Von Mesterhazy will be taking over the role from Kieran O’Keeffe, incum...
Posted: Nov 25, 2024
When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday morning, hoping to clinch a hard-fought agreement on global climate finance, he carried with him two speeches. One was crafted R...
Posted: Nov 25, 2024
Nearmap, a provider of property intelligence to insurers, has received regulatory approval for its predictive AI-powered peril models and scores to be adopted for rating and pricing in 26 states, plus Washington, D.C. The AI models developed by Ne...
Posted: Nov 25, 2024
Reinsurers are poised to leverage a disciplined market and differentiate themselves by actively assisting insurers in managing risks and pursuing growth, moving beyond price competition, Aon’s George Attard shared in his comments following the Sin...
Posted: Nov 25, 2024
Insurance Business Magazine - US
Posted: Nov 25, 2024
Howden Re, the reinsurance arm of Howden, has announced the appointment of Thomas Kroely as Managing Director, Continental Europe. In his new role, Kroely will initially focus on supporting Howden Re’s European expansion, with plans to build...
Posted: Nov 25, 2024
M&G has launched a Value Share Bulk Purchase Annuity (BPA) proposition by completing a £500 million transaction with a private Corporate Sponsor and its UK Pension Scheme, insuring around 3,200 pensioner and deferred members. This newly launch...
Posted: Nov 25, 2024
Melissa Hill, SVP and head of workers' compensations claims, North America for Sompo International, talks the evolving role of artificial intelligence in claims management. The post
Posted: Nov 25, 2024
Half (52%) of UK businesses, representing 1.3 million private sector companies, have endured at least one cyber-attack in the past five years, equating to £44 billion of lost revenue, according to Howden, the international insurance intermediary g...
Posted: Nov 25, 2024
Insurance and reinsurance broking group Gallagher has expanded its marine P&I team with several key appointments. James Giles has been named Divisional Director. In his new role, he will be seconded to Gallagher Singapore, where he will work w...
Posted: Nov 25, 2024
Danielle Webber, CISR Elite, Client Manager for Maury, Donnelly & Parr in Cockeysville, Maryland, has been awarded the most prestigious honor available to insurance customer service representatives: National Outstanding CSR of the Year. The Socie...
Posted: Nov 25, 2024
The COP29 Presidency of Azerbaijan has succeeded in getting the Fund for Loss and Damage up and running and ready to distribute money in 2025. The establishment of the Loss and Damage Fund was first agreed upon during COP27 in Egypt, aiming to pro...
Posted: Nov 25, 2024
Roots Automation’s recent whitepaper highlights how artificial intelligence (AI) can help insurers address the costly inefficiencies of processing unstructured data, ultimately improving underwriting and claims operations. The whitepaper underscor...
Posted: Nov 25, 2024
A collaboration between insurers, property developers, and technical experts has led to the launch of the UK’s first Commercial Timber Guidebook, which aims to promote the use of structural timber in office construction. The project is spear...
Posted: Nov 25, 2024
Posted: Nov 25, 2024
Swiss Re’s November 2024 Macro Outlook highlights the dominance of politics and policy, with key developments including its revision to US inflation and interest rate forecasts due to President-elect Trump’s victory, increased UK polic...
Posted: Nov 25, 2024
Mary Louis’ excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her tenancy. That third-party servi...
Posted: Nov 25, 2024
South Korean carmaker Hyundai Motor is recalling about 145,235 electrified vehicles in the United States due to a loss of drive power, the National Highway Traffic Safety Administration said on Friday. The recall includes certain IONIQ 5 and IONIQ 6...
Posted: Nov 25, 2024
Nissan persuaded a federal appeals court on Friday to decertify 10 class actions accusing the Japanese automaker of selling cars and SUVs with defective automatic emergency braking systems that caused vehicles to stop suddenly for no reason. The 6th...
Posted: Nov 25, 2024
The US Securities and Exchange Commission’s fines and investor relief hit an all-time record in fiscal 2024. The agency’s enforcement actions led to $8.2 billion in penalties and reimbursement to investors, though the number of cases decl...
Posted: Nov 25, 2024
Just a week after a pilot program for strengthening Florida condominiums was launched it reached maximum capacity and is no longer accepting applications. The overwhelming response could underscore the need for wind mitigation and could set the stage...
Posted: Nov 25, 2024
Mary Louis’ excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her tenancy. That third-party servi...
Posted: Nov 25, 2024
Octaviant Financial has announced that Starr Insurance will join its partnership with Marsh to offer drug warranty services that enable pharmaceutical companies to guarantee the effectiveness of high-cost therapies. Through this partnership, Octav...
Posted: Nov 25, 2024
Delos Insurance Solutions named Gloria Hendrickson as its new head of reinsurance. Hendrickson has a catastrophe modeling and risk background and was most recently chief operating officer and chief underwriting officer at NormanMax Insurance Holdings...
Posted: Nov 25, 2024
The owner of a trucking company was sentenced Thursday to two months in prison followed by one year of supervised release for lying to investigators after one of his trucks was accused of causing a crash that killed seven motorcyclists …
Posted: Nov 25, 2024
Nonprofit organizations face many of the same legal exposures as for-profit organizations, including conflicts of interest, breach of fiduciary duty and theft.
Posted: Nov 24, 2024
Insurance agents play a key role in helping their clients prevent injuries, reduce claims, protect the health of their employees and safeguard the financial health of their businesses.
Posted: Nov 24, 2024
Understand the benefits of generative artificial intelligence (AI) and the proactive measures insurance agents take to manage risks effectively.
Posted: Nov 24, 2024
Earnix’s new trends survey reveals the insurance industry’s push for modernization amid regulatory changes.
Posted: Nov 24, 2024
Carriers must balance profitability with growth and market share capture strategies, but thus far, there are no signs of such a reversal—and the tail effect is just beginning to unfold.
Posted: Nov 24, 2024
Insurance Business Magazine - US
Posted: Nov 22, 2024
Posted: Nov 22, 2024
6 Ways to Modernize Mobile Apps for Policyholders Customer Experience
Posted: Nov 22, 2024