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Global reinsurance giant Swiss Re continues to see increased demand for property insurance and reinsurance protection in Japan amid elevated large natural catastrophe threats and the impact of inflation, and with little sign of a significant influ...
Posted: Nov 05, 2024
Price Forbes Singapore has announced the appointment of Jennifer Gray as Director of Professional Risks and Healthcare. In her new role, Gray will focus on managing and growing Price Forbes’ professional lines and healthcare portfolio, drivi...
Posted: Nov 05, 2024
The National Highway Traffic Safety Administration said on Monday it has closed a probe into 411,000 Ford SUVs and pickup trucks over a potentially defective engine that could lose power without warning. In July 2022, the U.S. auto safety regulator &...
Posted: Nov 05, 2024
Grindr Inc. illegally imposed a return-to-office policy last year that forced out half its staff in an attempt to thwart a unionization push, the US labor board alleged in a new complaint. The US National Labor Relations Board’s general counsel...
Posted: Nov 05, 2024
American International Group saw third quarter underwriting income in its general insurance segment fall 28% to $437 million due to higher catastrophe losses and lower favorable development on prior year reserves. The insurer’s third quarter ne...
Posted: Nov 05, 2024
Like a homeowner who cut back on coverage only to face catastrophic damage in a storm, St. Petersburg, Florida, city officials may be regretting some insurance changes after much of the roof of the Major League Baseball stadium was ripped …
Posted: Nov 05, 2024
Evelin Weber and her neighbors fled their Malibu homes as the deadly Woolsey Fire tore across the California coast in 2018. Ever since, haunted by fears of another blaze, she’s spent $300,000 on fireproofing her house. Weber installed a fire &#...
Posted: Nov 05, 2024
The U.S. Department of Labor (DOL) has filed suit against a York, Pennsylvania, manufacturing company alleging the company wrongly terminated an employee who raised safety concerns when directed to use a ladder to move stock items when they believed...
Posted: Nov 05, 2024
The U.S. Department of Labor recovered a total of $877,834 in back wages and fringe benefits from three Long Island contractors for 36 employees who were underpaid for their work on two New York projects funded by the U.S. Department …
Posted: Nov 05, 2024
The U.S. Department of Labor recovered a total of $877,834 in back wages and fringe benefits from three Long Island contractors for 36 employees who were underpaid for their work on two New York projects funded by the U.S. Department …
Posted: Nov 05, 2024
Pacific Life Re and Kakao Pay Insurance, a South Korean fintech-led digital non-life insurer, have signed a Memorandum of Understanding (MoU) to provide life insurance solutions in South Korea. According to Pacific Life Re, this partnership combin...
Posted: Nov 05, 2024
A judge ruled Thursday that Karen Read won’t have to give a deposition in her wrongful death lawsuit until after her criminal trial in January. The brief from Judge William M. White Jr. on Thursday effectively delays the lawsuit, which …
Posted: Nov 05, 2024
A judge ruled Thursday that Karen Read won’t have to give a deposition in her wrongful death lawsuit until after her criminal trial in January. The brief from Judge William M. White Jr. on Thursday effectively delays the lawsuit, which …
Posted: Nov 05, 2024
Hub International Ltd. acquired the retail insurance brokerage business of Western Growers Insurance Services in a move aimed at expanding Hub’s services in the agribusiness industry. WGIS has 10 offices located in California and Arizona. The f...
Posted: Nov 05, 2024
Uber Technologies Inc. plans to propose a cut to New York City drivers’ base pay rate, among other recommendations, as it seeks to lower prices of rides in one of its largest markets. The company would like the city’s Taxi …
Posted: Nov 05, 2024
OKLAHOMA CITY (AP) — Severe storms and tornadoes battered Oklahoma early Sunday, tossing cars and ripping roofs off buildings in the middle of the night and leaving tens of thousands of homes and businesses without power. Among numerous injuries, 11...
Posted: Nov 05, 2024
Vertafore’s MGA customers will benefit from Vertafore’s expanded solutions, accelerating speed to market, boosting revenue, and reducing costs.
Posted: Nov 04, 2024
Can AI Serve as a Concierge? Life & Health ClareCarroll1
Posted: Nov 04, 2024
Easing Access to Cyber Insurance Cyber ClareCarroll1
Posted: Nov 04, 2024
The 'Digital Roundtrip' of Insurance Agent & Broker ClareCarroll1
Posted: Nov 04, 2024
Top 10 Signs You Need a New SSE Solution Cyber ClareCarroll1
Posted: Nov 04, 2024
Transforming Insurance Operations With AI AI & Machine Learning ClareCarroll1
Posted: Nov 04, 2024
How Brokers Can Optimize Their Carrier Strategies sradomski Mon, 11/04/2024 - 16:51
Posted: Nov 04, 2024
Adding Surefyre’s solution will unlock even more potential for Vertafore MGA customers by adding a modern agent portal, a powerful underwriting workbench and flexible workflow automation that drives a faster and more efficient quoting process.
Posted: Nov 04, 2024
GEICO reported $5.7 billion in pre-tax underwriting earnings for the first nine months.
Posted: Nov 04, 2024
Who's Getting Results From AI, and Why? PaulCarroll
Posted: Nov 04, 2024
Monarch E&S Insurance Services (Monarch E&S), a division of Specialty Program Group LLC, announced its strategic acquisition of the assets of Professional Insurance Executives, Inc. (PIE), a leading contract binding/brokerage business located...
Posted: Nov 04, 2024
ZeroEyes envisions becoming 'the next smoke alarm' for gun detection, aiming to be as ubiquitous in security systems as fire prevention measures. The post
Posted: Nov 04, 2024
ORLANDO, Fla. (AP) — The news rippled through Treasure Island, Florida, almost like a third storm: The mayor planned to move off the barrier island a month after Hurricane Helene flooded tens of thousands of homes along the Gulf Coast …
Posted: Nov 04, 2024
CINCINNATI (AP) — A massive fire underneath a bridge spanning the Ohio River closed a heavily traveled route between Cincinnati and northern Kentucky on Friday and damaged part of the steel structure. No injuries were reported. The fire broke out ...
Posted: Nov 04, 2024
Five people died in a fiery vehicle crash in Wisconsin, authorities said Saturday. The Dane County Sheriff’s Office said in a statement that the vehicle crashed into a tree Friday night off a roadway just south of Verona, a town …
Posted: Nov 04, 2024
Unable to keep up with the growing number of leaking and erupting wells in the state’s oil fields, the Texas Railroad Commission, which regulates the state’s oil and gas industry, has asked lawmakers for an additional $100 million in emer...
Posted: Nov 04, 2024
HOUSTON (AP) — A helicopter pilot was speaking with an air traffic controller in Houston when the aircraft crashed into a radio tower, killing all four people on board, according to a preliminary report by the National Transportation Safety Board. &#...
Posted: Nov 04, 2024
FORT WORTH, Texas (AP) — A Texas jury ordered Bell Helicopter Textron to pay $16 million to a California company that claims Bell gave proprietary information that the companies developed to a rival supplier of cockpit display systems. The jury ̷...
Posted: Nov 04, 2024
Renaissance acquired the agency network business of United Agents of Arizona. The transaction follows the network’s 2023 acquisition of Agency Partners Inc., which brought 54 new agencies in Alabama and Georgia into the fold. Renaissance is a n...
Posted: Nov 04, 2024
Insurance software-as-a-service provider Vertafore said it has acquired Surefyre, a submission and underwriting platform for managing general agencies and wholesalers. The deal’s financial terms were not disclosed. Denver-based insurtech Vertaf...
Posted: Nov 04, 2024
In his keynote address at the 20th Singapore International Reinsurance Conference (SIRC), Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore (MAS), outlined a detailed plan...
Posted: Nov 04, 2024
This edition of International People Moves details appointments at Aon Underwriting Managers and Lloyd’s of London. A summary of these new hires follows here. Aon Underwriting Managers Appoints LSM’s Clapham as CUO Aon plc, the global pro...
Posted: Nov 04, 2024
Southern Spain’s devastating floods are expected to cost insurers well above €1 billion ($1.1 billion), given the significant damage to people, properties, vehicles and businesses as well as to the region’s agriculture sector, according t...
Posted: Nov 04, 2024
Using its synthetic aperture radar (SAR) satellite constellation to track the recent severe flooding in southeastern Spain, ICEYE estimates that over 2,600 buildings have been affected. For those unaware, flash floods in Spain have killed over 200...
Posted: Nov 04, 2024
The National Flood Insurance Program will soon start to accept monthly payments for flood insurance premiums, ending 55 years of requiring full payment upon application or renewal. The Federal Emergency Management Agency(FEMA), administrator of the N...
Posted: Nov 04, 2024
CargoNet's Q3 2024 report reveals a 14% surge in cargo theft incidents, driven by organized crime groups' evolving tactics. The post Organ...
Posted: Nov 04, 2024
INTERprotección, the largest insurance broker in Latin America, has opened its new office in São Paulo, Brazil, reinforcing the company’s commitment to offer a close and personalised service across the Brazilian market, as well as continuing...
Posted: Nov 04, 2024