All Posts
CCRIF SPC (Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company) has paid The Government of Panama $26.7 million within two weeks of a rainfall event that affected that country from October 31st to November 4th, 2024. Francis...
Posted: Nov 21, 2024
This acquisition strengthens Inszone’s footprint in Texas.
Posted: Nov 21, 2024
Tesla's carriers reported a net underwriting loss of $42 million for the first nine months of 2024.
Posted: Nov 21, 2024
Galleri, a blood test capable of detecting over 50 types of cancer, will be provided at no cost to veterans under Home Base's care.
Posted: Nov 21, 2024
In this new role, Kohli will be responsible for developing and implementing the company’s technology strategy.
Posted: Nov 21, 2024
Explore how data analytics transforms insurance risk management with insights from Alexandra Littlejohn in TrustLayer's latest podcast episode. Listen now!
Posted: Nov 21, 2024
Hagerty plans to launch its Enthusiast Plus business in early 2025 through its newly acquired insurance company, finalized during the third quarter.
Posted: Nov 21, 2024
South African asset manager Ninety One Ltd. has agreed to sell a stake to Sanlam Ltd., joining a raft of investment firms that have been tapping the deep pockets of insurers through such deals. Sanlam, the country’s biggest insurer by …
Posted: Nov 21, 2024
Omaha National Group, Inc. announced the appointment of Joan Klucarich as its Chief Actuary. Ms. Klucarich is joining Omaha National after working as Actuarial Manager with Risk & Regulatory Consulting, a national professional services firm. Ms....
Posted: Nov 21, 2024
Risk Strategies announced it has acquired the assets of Ohio-based employee benefits specialty organization Cornerstone Broker Insurance Services Agency, Inc., an Ohio-based national provider of employee benefits solutions. The sale also included the...
Posted: Nov 21, 2024
The discovery of vast stores of lithium in the U.S. heralds business opportunities for insurers; not without risk however. The post
Posted: Nov 21, 2024
Global speciality insurance and reinsurance group, Chaucer has announced the appointment of Jonathan Ng as a new Class Underwriter in Political Risk, Singapore. The executive is joining Chaucer from AXA XL, where he specialised in political risk u...
Posted: Nov 21, 2024
The U.S. Chemical Safety Board released an investigation update into a fatal hydrogen sulfide release at PEMEX Deer Park Refinery in Texas. The incident occurred on October 10, 2024, and killed two workers and injured 13 others. CSB’s investiga...
Posted: Nov 21, 2024
The New Orleans City Council and Orleans Parish School Board announced Monday that they have found a partial solution to the NOLA Public Schools district’s estimated $36 million budget gap. The school board will agree to dismiss a 5-year-old la...
Posted: Nov 21, 2024
Posted: Nov 21, 2024
Posted: Nov 21, 2024
Canada Life Reinsurance, a provider of reinsurance solutions for life and health, recorded solid earnings of $210 million for the third quarter of 2024, accounting for 20% of Canada Life Assurance Company’s total earnings for the period. For...
Posted: Nov 21, 2024
The trend of decreasing rates in Connecticut workers’ compensation insurance will continue as the state’s insurance regulator has approved an industry proposed 6% rate decrease beginning January 1, 2025. The now-approved rate filing submi...
Posted: Nov 21, 2024
The director of the National Security Agency on Wednesday urged the private sector to take swift, collective action to share key details about breaches they have suffered at the hands of Chinese hackers who have infiltrated US telecommunications. Gen...
Posted: Nov 21, 2024
A Miami insurance agent has pleaded guilty to defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing then using the $6 million for personal gain. Heleonel Gonzalez, known as Leo, is set for sentenci...
Posted: Nov 21, 2024
Allstate, the US primary insurer has reported estimated catastrophe losses of $286 million for the month of October, which includes $102 million, pre-tax from hurricane Milton, taking total catastrophe losses for October year-to-date to $4.84 bill...
Posted: Nov 21, 2024
Two people were taken to hospitals after a small plane struck an unoccupied plane at an eastern Pennsylvania airport, authorities said. Police in Bucks County’s Buckingham Township said first responders were sent to Doylestown Airport shortly b...
Posted: Nov 21, 2024
Re/insurance broker Arthur J. Gallagher & Co. has acquired Santiago-domiciled retail insurance broker THB Chile. The terms of the transaction were not disclosed. The retail insurance broker provides property & casualty, life and health ben...
Posted: Nov 21, 2024
Allstate today said it estimated pretax catastrophe losses of $286 million for the month of October. Losses during October included $102 million, pretax, from Hurricane Milton as well as $144 million in unfavorable reserve reestimates from Hurricane...
Posted: Nov 21, 2024
According to a new Cyber Roundup Report published by Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and mid-market businesses, companies with revenues surpassing $50 million (£40.5m) are 2.5 times more likely...
Posted: Nov 21, 2024
NuSureCo specializes in niche insurance products.
Posted: Nov 21, 2024
This acquisition strengthens Inszone’s footprint in Texas.
Posted: Nov 21, 2024
Insurance Business Magazine - US
Posted: Nov 21, 2024
How Will the Antitrust Showdown Launched Under Biden Change Under Trump? The U.S. antitrust...
Posted: Nov 21, 2024
U.S. High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood Insurance carriers may want to...
Posted: Nov 21, 2024
Insurance Business Magazine - US
Posted: Nov 21, 2024
Elon Musk and Vivek Ramaswamy said the government efficiency panel that President-elect Donald Trump has named them to lead will follow recent U.S. Supreme Court rulings that they say can be used to take power away from federal agencies and …
Posted: Nov 21, 2024
Rulings raise questions about key coverages and exclusions. [E]enterprises (that outsource e-commerce functions) can breathe a little easier after a recent decision of the Superior Court of Pennsylvania, but they need to remain vigilant regarding the...
Posted: Nov 21, 2024
ST. PETERSBURG, Fla. (AP) — A combination of severe hurricane damage to Tropicana Field and political delays on financing means it is highly unlikely the Tampa Bay Rays’ planned new stadium will be ready for the 2028 season, if at …
Posted: Nov 21, 2024
ACORD Solutions Group, a provider of digital solutions for the global insurance industry, has appointed industry veteran James Pring as the company’s Director of Business Development, where he will lead strategic direction for the organisationR...
Posted: Nov 21, 2024
President Joe Biden’s pending request for nearly $100 billion in emergency disaster aid includes money to rebuild Baltimore’s Francis Scott Key Bridge, which collapsed under the impact of a massive container ship that lost power and veere...
Posted: Nov 21, 2024
Most risk leaders (80%) are concerned about their organisation’s capability to respond adequately to risks that might emerge in the next decade, as only two in ten (20%) believe in their companies’ resilience, a recent WTW survey has reveale...
Posted: Nov 21, 2024
A new study examining potential unintentional bias in auto insurance finds that while Black and Hispanic drivers pay more than other drivers for auto insurance, they also have more claims and driving infractions. The study’s authors accept that...
Posted: Nov 21, 2024
Markel, the insurance division of Markel Group Inc., has announced the appointment of David Pressman as Senior Underwriter, Marine Cargo, effective immediately. In his new role, Pressman will contribute to the strategic growth of Markel’s Ma...
Posted: Nov 21, 2024
Arthur J. Gallagher & Co. announced the acquisition of Santiago, Chile-based THB Chile. Terms of the transaction were not disclosed. THB Chile is a retail insurance broker providing property/casualty, life and health benefits, and reinsurance ser...
Posted: Nov 21, 2024
Heading into the January 1 renewals, unless there’s a major catastrophe, property and casualty (P&C) reinsurance prices are expected to decline, according to analysts at Morgan Stanley. The 2025 reinsurance market outlook is shaped by a...
Posted: Nov 21, 2024
RSA Luxembourg S.A. (RSAL) has announced that Lynn O’Leary, following a successful two-year stint as Chief Executive Officer (CEO) Luxembourg, will return to the US to oversee Intact’s Specialty Lines business as President, US, in the first quarte...
Posted: Nov 21, 2024
Australia’s top female business chiefs are earning A$158,632 ($103,340) less per year than their male counterparts, according to the Workplace Gender Equality Agency, with the overall pay disparity between men and women nationally sitting at 21...
Posted: Nov 21, 2024
In the third quarter of 2024, premiums across all account sizes rose by 5.1% within the commercial property and casualty (P&C) insurance market, roughly the same as the 5.2% recorded in the previous quarter, according to The Council of Insuran...
Posted: Nov 21, 2024
Drawing from over 20 years of industry experience, Paul Stone provides candid advice for emerging risk management professionals. The post At Natio...
Posted: Nov 21, 2024
Cyber threats, climate change, and business interruption (BI) are the top risk concerns among key marketplace segments in the insurance industry, according to a new survey by Munich Re America and Triple-I. The RiskScan 2024 survey highlights key...
Posted: Nov 21, 2024
Asbestos, a notorious carcinogen, was in widespread use throughout the 20th century – from building materials to brake pads and even fake snow on film sets including The Wizard of Oz and White Christmas. In the 1960s, a link was …
Posted: Nov 21, 2024
Managing general agent (MGA) Optio Group has completed the acquisition of Netherlands and Brussels based MGA Den Hartigh Beheer & Exploitatie B.V., a specialist in B2B insurance solutions. Established in 1916, Den Hartigh offers a variety of p...
Posted: Nov 21, 2024