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Duck Creek Technologies, a provider of software solutions for property and casualty (P&C) and general insurance, has announced the launch of its second Center of Excellence (CoE) in Warsaw, Poland. This new facility, joining the existing CoE i...
Posted: Nov 14, 2024
Apple Inc. faces a lawsuit from a UK consumer group over allegations its monopoly on data storage breaches competition law, in a fresh class action that could ultimately cost the tech giant billions. The iCloud provider is accused of abusing …
Posted: Nov 14, 2024
Hamilton Global Specialty, an underwriting platform of Bermuda-based Hamilton Insurance Group, has entered into the US Property Insurance at Hamilton Americas, its US managing agency (MGA). The company’s entry into the market will be led by...
Posted: Nov 14, 2024
French reinsurer SCOR has reported a group net loss of €-117 million in Q3 2024, driven by a negative insurance service result in L&H reinsurance. However, its P&C segment saw a very strong performance, with a combined ratio of 88.3%. At t...
Posted: Nov 14, 2024
Posted: Nov 14, 2024
Posted: Nov 14, 2024
Global reinsurer Swiss Re generated a net income of $2.2 billion and $102 million for the first nine months and third quarter of 2024, respectively, despite the previously announced addition of $2.4 billion to its prior year US liability reserves....
Posted: Nov 14, 2024
How to Navigate Social Inflation Claims ClareCarroll1
Posted: Nov 14, 2024
Managing Loss Control With Location Intelligence Personal Lines ClareCarroll1
Posted: Nov 14, 2024
Aon, a professional services firm providing a range of risk, retirement, and health solutions, recently released a report on the UK risk settlement market, shedding light on significant trends and strategic shifts affecting the bulk annuity sector...
Posted: Nov 14, 2024
International law firm CMS has hired Hannah Cane as a partner within its Insurance and Reinsurance Group (IRG) in London, further strengthening the firm’s insurance and reinsurance capabilities. She joins an established team of IRG Construction sp...
Posted: Nov 14, 2024
Everest Insurance, the insurance division of Everest Group, headquartered in Warren, New Jersey, appointed Nina Corbo to lead U.S. primary casualty and Debbie Weiser to lead U.S. excess casualty. Corbo oversees the risk management and commercial casu...
Posted: Nov 14, 2024
This year’s U.N. climate summit – COP29 – is being held during yet another record-breaking year of higher global temperatures, adding pressure to negotiations aimed at curbing climate change. The last global scientific consensus on...
Posted: Nov 14, 2024
Bank executives and lawyers anticipate the incoming Trump administration to place significant limits on the U.S. Consumer Financial Protection Bureau (CFPB), but the president’s populist leanings could leave room for some activity by the watchd...
Posted: Nov 14, 2024
After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including raising premiums to match...
Posted: Nov 14, 2024
After the U.S. commercial auto insurance segment sustained a $5 billion net loss in 2023, a new AM Best reports indicates further deterioration in the first half of 2024. Despite targeted underwriting initiatives, including raising premiums to match...
Posted: Nov 14, 2024
A North Carolina insurance agent who was penalized by regulators almost 20 years ago has given up her producer license after she was charged with pocketing insurance premiums. Lori Ann Crisp, 56, of Kannapolis, was charged with forgery, embezzlement...
Posted: Nov 14, 2024
As with computer models that help predict risk from hurricane winds, insurers now have more than one model to use when gauging flood damage in storm-soaked Florida. The Florida Commission on Hurricane Loss Projection Methodology this month accepted t...
Posted: Nov 14, 2024
James River Group Holdings has released its financial results for the third quarter of 2024, posting total revenues of $191.4 million, despite a net loss of $42.0 million, and a higher combined ratio of 135.5% compared to Q3 2023. For last year’s...
Posted: Nov 14, 2024
Amtrak service in parts of the Northeast was disrupted or delayed Tuesday after a fire broke out near a train route in New York City. Amtrak said initial reports indicated a brush fire stemming from a transformer at an Amtrak …
Posted: Nov 14, 2024
The family of a security guard who was shot and killed at a hospital in Portland, Oregon, sued the facility for $35 million on Tuesday, accusing it of negligence and failing to respond to the dangers that the gunman posed …
Posted: Nov 14, 2024
Executive summary: When actual prices line up with technical prices, insurers expect underwriting profits to emerge. But what if underwriters find ways to adjust technical prices downwards? In the second part of a two-part series, Tony Buckle and Joh...
Posted: Nov 14, 2024
A bicyclist pulling a trailer in Vermont died after he was struck by a police cruiser, state police said. The crash happened just before 3 a.m. Monday on U.S. Highway 7 in South Burlington. The officer, a sergeant with the …
Posted: Nov 14, 2024
The California Labor Commissioner’s Office reached a $942,604 settlement in a case involving a wholesale bakery in Vista that closed its doors without paying 187 workers. Baked in the Sun shut down without paying its employees, resulting in wor...
Posted: Nov 14, 2024
Hub International Ltd. acquired the assets of R.K. Gore & Associates in Lehi, Utah. Robert Gore, owner, and the R.K. Gore & Associates team will join Hub Southern California and Utah. R.K. Gore & Associates will be referred to as …
Posted: Nov 14, 2024
Balance Wellbeing is now available to the insurer’s Group Benefit Solutions and Business Solutions customers.
Posted: Nov 13, 2024
Victor is tasked with advancing Insurity’s vision to provide best-in-class solutions that enable insurers to modernize, scale, and achieve strategic business objectives.
Posted: Nov 13, 2024
The deal enables Safeco to grow its personal lines presence in 22 states as Main Street America Insurance shifts to focus exclusively on commercial lines.
Posted: Nov 13, 2024
The Canadian workers’ compensation insurer has successfully deployed Guidewire PolicyCenter and Guidewire BillingCenter on Guidewire Cloud.
Posted: Nov 13, 2024
Ryan, currently President & CEO of Allianz Commercial, North America & Latin America, will succeed Bill Donnell, who is retiring in February 2025.
Posted: Nov 13, 2024
In this short video, Charles Symington, Big “I" president & CEO, and Nathan Riedel, Big “I" senior vice president of federal government affairs, unpack the outcome of the 2024 election and its impact on the insurance industry and independent insuranc...
Posted: Nov 13, 2024
Insurance Business Magazine - US
Posted: Nov 13, 2024
North American specialty insurance brokerage Risk Strategies reports it has acquired Felsen Insurance Services, Inc., a New Jersey-based agency offering commercial and personal property/casualty insurance. Terms of the deal were not disclosed. Establ...
Posted: Nov 13, 2024
Brighthouse reported strong Shield annuity sales, reaching $5.8 billion year-to-date—a 15% increase over 2023.
Posted: Nov 13, 2024
Key platform milestones included the completion of its new site platforms and a major release of the updated agent platform.
Posted: Nov 13, 2024
The Dutch company that owns Stop & Shop and Hannaford grocery stores across New England is dealing with a cyberattack that has disrupted online shopping, product deliveries and pharmacy services at some locations. Ahold Delhaize USA confirmed the...
Posted: Nov 13, 2024
2024 Expected to Be World’s Hottest Year on Record This year is "virtually certain"...
Posted: Nov 13, 2024
Deterioration Continues in U.S. Commercial Auto Insurance Segment After $5B Net Loss in 2023 After the...
Posted: Nov 13, 2024
U.S. Safety Agency Investigates Whether Engines in 1.4M Hondas Might Fail The U.S. government's highway...
Posted: Nov 13, 2024
The Oklahoma Insurance Department is offering assistance to residents affected by the severe storms that hit the state in early November. Tornadoes and severe storms struck Oklahoma Nov. 2-4, injuring at least 11 people and causing damage to homes an...
Posted: Nov 13, 2024
Christensen Group Insurance announced its strategic expansion into San Antonio with a pair of hires, adding to its presence in Austin and the broader Texas region. Christensen Group have added professionals Ryan Ritchey and Andrew Peterson to its Ben...
Posted: Nov 13, 2024