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Swiss Re AG lowered its 2024 net income target after being hit by more claims in its Property and Reinsurance business for previous years than it had budgeted for. The Zurich based reinsurer on Thursday said that, following a review, …
Posted: Nov 07, 2024
Bermuda-based reinsurer RenaissanceRe Holdings Ltd. (RenRe) has reported underwriting income of $394 million for the third quarter of 2024 and a significant rise in net income to $1.2 billion, as the strong performance of its property segment more...
Posted: Nov 07, 2024
Hiscox Re & ILS, the international reinsurance and insurance-linked securities arm of the Hiscox Group, has reported that insurance contract written premiums (ICWP) grew to $1.017 billion in the first nine months of 2024, up 4.3% from the same...
Posted: Nov 07, 2024
German reinsurer Munich Re has reported a net result of €4.7 billion for the first nine months of 2024, despite losses from natural catastrophes in the third quarter rising significantly to €1.4 billion, of which roughly €500 million relates to hu...
Posted: Nov 07, 2024
Posted: Nov 07, 2024
Reinsurance giant Swiss Re has strengthened its property and casualty reinsurance (P&C Re) reserves by an additional $2.4 billion in the third quarter of 2024, following a comprehensive review of its prior year US liability reserves. This brin...
Posted: Nov 07, 2024
Hood Group Limited, a provider of insurance solutions, is pleased to announce the successful buyout of the Group’s silent shareholders, with support from Connection Capital LLP, a private equity and alternative investment firm. The company’s senio...
Posted: Nov 07, 2024
About 17% of crude oil production and 7% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Rafael, the U.S. Bureau of Safety and Environmental Enforcement said on Wednesday. Energy producers had shut …
Posted: Nov 07, 2024
By this time next year, plaintiffs lawyers, who have frequently been held up as thorns in the side of the Florida property insurance industry for their sometimes-aggressive pursuit of policyholder claims litigation, could have a stamp of credibility...
Posted: Nov 07, 2024
Massachusetts voters on Tuesday approved a ballot measure that would allow ride-share drivers to unionize, becoming the first U.S. state to allow drivers for app-based companies like Uber and Lyft to do so. With 94% of precincts reporting, 53.9% of &...
Posted: Nov 07, 2024
State police have destroyed tens of thousands of pounds of marijuana plants at greenhouses in northwestern New Mexico, marking what regulators say is the largest seizure and destruction of cannabis in New Mexico since new possession and cultivation l...
Posted: Nov 07, 2024
State police have destroyed tens of thousands of pounds of marijuana plants at greenhouses in northwestern New Mexico, marking what regulators say is the largest seizure and destruction of cannabis in New Mexico since new possession and cultivation l...
Posted: Nov 07, 2024
Connecticut Governor Ned Lamont recently reminded homeowners, renters and businessowners in Fairfield, Litchfield and New Haven counties that less than two weeks remain to apply for federal disaster assistance to support recovery for uninsured or und...
Posted: Nov 07, 2024
Earlier this week, the Pennsylvania Department of Conservation and Natural Resources (DCNR) announced that it is prohibiting campfires on state park and forest lands until further notice. The department also encouraged Pennsylvanians to avoid burning...
Posted: Nov 07, 2024
Earlier this week, the Pennsylvania Department of Conservation and Natural Resources (DCNR) announced that it is prohibiting campfires on state park and forest lands until further notice. The department also encouraged Pennsylvanians to avoid burning...
Posted: Nov 07, 2024
This post is part of a series sponsored by Darkhorse Insurance. As an agent, you must often choose between insurance aggregators vs. franchise models. Each has its benefits and drawbacks, leaving you to wonder if there’s a better solution that...
Posted: Nov 07, 2024
The acquisition will unlock even more potential for Vertafore MGA customers by adding a modern agent portal, a powerful underwriting workbench and flexible workflow automation.
Posted: Nov 06, 2024
With artificial intelligence (AI) evolving so quickly, it’s important to pay attention, learn as much as you can, and be intentional about how you implement it.
Posted: Nov 06, 2024
The election results are widely viewed as a mandate to fix the economy, stem the tide of illegal immigration, and take a new approach to foreign affairs with an “America first" agenda.
Posted: Nov 06, 2024
Embedded insurance promises to disrupt distribution as well as product, and it will help close the ‘protection gap,’ which is roughly 50 percent of all economic losses not covered by insurance.
Posted: Nov 06, 2024
Equisoft’s modern SaaS policy administration system, data migration and integration capabilities will enable NGL to enhance its entire Preneed insurance value chain.
Posted: Nov 06, 2024
Windward will be able to build predictive models more quickly and efficiently, while providing greater transparency and precision in pricing decisions.
Posted: Nov 06, 2024
Embedded Insurance: A Major Disruptor Ecosystems ClareCarroll1
Posted: Nov 06, 2024
A wildfire sparked in California’s upscale Malibu beach community on Wednesday was driven by powerful winds sweeping apart the state’s southern region. The Broad Fire in Los Angeles County, which had shut down Pacific Coast Highway betwee...
Posted: Nov 06, 2024
The Path Forward for Workers' Comp Commercial Lines sradomski
Posted: Nov 06, 2024
iptiQ is a digital insurer that partners with other insurers.
Posted: Nov 06, 2024
Insurance Business Magazine - US
Posted: Nov 06, 2024
Drought Watch Declared in NYC, Residents Asked to Conserve Water New York's mayor urged residents to ta...
Posted: Nov 06, 2024
Reality Show Star Pleads Guilty in Multi-Million...
Posted: Nov 06, 2024
Hurricane Rafael Strengthens as it Nears Cuba Hurricane Rafael hit Category 2 s...
Posted: Nov 06, 2024
Posted: Nov 06, 2024
Federal inspectors have cited 595 Construction LLC – a Crystal Lake, Illinois contractor with a history of exposing employees to fall hazards – for eight safety violations after finding employees framing a residential structure without re...
Posted: Nov 06, 2024
The U.S. Department of Labor’s Office of Federal Contract Compliance Programs has entered into an agreement with McKesson Medical-Surgical Inc., one of the nation’s largest distributors of medical supplies, to resolve alleged systemic hir...
Posted: Nov 06, 2024
The U.S. Department of Labor’s Office of Federal Contract Compliance Programs has entered into an agreement with McKesson Medical-Surgical Inc., one of the nation’s largest distributors of medical supplies, to resolve alleged systemic hir...
Posted: Nov 06, 2024
According to Lancashire Holdings’ Chief Underwriting Officer (CUO), Paul Gregory, market conditions in almost all lines of business continues to have “very solid rating fundamentals going into 2025.” “Our expectation is tha...
Posted: Nov 06, 2024
An automotive quality control company with locations in Michigan, Alabama, Illinois, Tennessee and South Carolina, will pay $80,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) sex discrimination and retali...
Posted: Nov 06, 2024
Three fairgoers have joined Texas Attorney General Ken Paxton in suing the State Fair of Texas and the city of Dallas over the fair’s policy banning all firearms from its properties. Monday’s filing is the latest maneuver from Paxton in &...
Posted: Nov 06, 2024
White Mountains has released its third quarter results for 2024 for its Ark partner firm reporting gross written premium (GWP) growth to $374 million compared to the $251 million reported the same period last year. Ark’s GWP for the first ni...
Posted: Nov 06, 2024