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Insurance Business Magazine - US
Posted: Nov 04, 2024
Insurance Business Magazine - US
Posted: Nov 04, 2024
Insurance Business Magazine - US
Posted: Nov 04, 2024
Insurance Business Magazine - US
Posted: Nov 04, 2024
North Carolina Insurance Commissioner Mike Causey is reminding property insurers to refrain from raising homeowners’ premiums just because an insured filed a claim or inquiry in order to qualify for flood insurance indemnity or federal assistan...
Posted: Nov 04, 2024
Antares Global, the multinational group of insurance and related service companies, has announced the restructure of its underwriting operations, aligning all its business units within two streams of operation, Retail and Commercial. The changes,...
Posted: Nov 04, 2024
Marsh, the insurance broker and business of Marsh McLennan, has partnered with We2Sure, a specialist in insurance and risk management solutions for carbon credit certificates, to launch a new insurance facility to help organizations in the UK, EU, an...
Posted: Nov 04, 2024
Analysts at Deutsche Bank expect fairly limited direct impacts to European insurers from tomorrow’s US election but sees some potential implications for carriers in the US, including a possible post-election M&A rebound. The polls sugges...
Posted: Nov 04, 2024
An investigation by the Hawaii attorney general’s office into the deadliest U.S. wildfire in more than a century, which destroyed most of the historic town of Lahaina, won’t lead to any criminal charges. Hawaii Attorney General Anne Lopez...
Posted: Nov 04, 2024
Austin, TX – November 4, 2024 – The Risk & Insurance Education Alliance is thrilled to announce the launch of the AlliBot Subscription, designed to provide insurance and risk management professionals with easy, on-demand access to vetted artifici...
Posted: Nov 04, 2024
Vienna Insurance Group has launched a specialist cyber security company focused cyber risk management for small and medium-sized companies. Called Cyber Risk Solutions GmbH (CyRiSo), the company provides comprehensive support to help companies reduce...
Posted: Nov 04, 2024
Chicago-domiciled insurer, CNA Financial Corporation has reported a net income of $283 million for the third quarter of 2024 compared to the $258 million seen in the comparative prior year quarter. The insurer also reported its P&C segment saw...
Posted: Nov 04, 2024
Third quarter underwriting income with Berkshire Hathaway’s insurance insurance units fell about $1.7 billion to $750 million due to estimated losses of about $565 million from Hurricane Helene and increases in losses from prior year claims. In...
Posted: Nov 04, 2024
Aspen Insurance Group, a specialty insurer and reinsurer, has announced the appointment of Paul Bradbrook as UK Chief Financial Officer. Bradbrook brings nearly three decades of industry experience to his new role, particularly in senior finance p...
Posted: Nov 04, 2024
Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels Allstate said it sees opp...
Posted: Nov 04, 2024
‘Pivotal’ Q3 Sees InsurTech Root Achieves Net Income Profit for the First Time For the first time in the...
Posted: Nov 04, 2024
Ebix Europe, a London-based technology specialist, has introduced a new suite of data-first features for its digital placing platform, PlacingHub, to support market modernisation. Launched earlier this year, PlacingHub is Ebix Europe’s electronic...
Posted: Nov 04, 2024
Melanie Windirsch has been appointed the new Head of International Programmes (IP) at HDI Global SE. She succeeds Dr Dirk Höring, who held the position before being promoted to the HDI Global SE Executive Board in April. Dr Kuhnt, COO and CIO of H...
Posted: Nov 04, 2024
The U.S. Supreme Court is set to consider bids by two tech giants – Meta’s Facebook and Nvidia – to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to hold companies …
Posted: Nov 04, 2024
Steadfast Group, the parent company to a range of broking and underwriting operations, including reinsurance broker Steadfast Re, has announced plans to expand its London office as the company is seeing increasing demand for placing business into...
Posted: Nov 04, 2024
GAREAT, the French terrorism risk insurance pool, is sponsoring its first catastrophe bond, Athéna I Reinsurance DAC, to diversify its sources of reinsurance risk capital, as reported by our insurance-linked securities (ILS) focused sister publica...
Posted: Nov 04, 2024
Lloyd’s, the global insurance and reinsurance marketplace, has announced the appointment of Nathan Adams as its Chief People Officer, effective early 2025. In his new role, Adams will report to John Neal, Chief Executive Officer of Lloyd’s, and wi...
Posted: Nov 04, 2024
Insurance broker Marsh and We2Sure, a specialist in insurance and risk management solutions for carbon credit certificates, have launched a new insurance facility to help businesses tackle rising risks associated with carbon credit certificate fra...
Posted: Nov 04, 2024
According to Chaucer, a specialty re/insurance group, the current period of significantly low political protests and demonstrations in Latin America may be coming to an end. Data indicates that the number of protests in the region decreased by 26....
Posted: Nov 04, 2024
Meta Platforms Inc. failed in a bid to challenge a class action suit in the UK that alleged Facebook abused its dominant position and exploited its users personal data. The UK’s Court of Appeal refused to permit Meta and Facebook’s …...
Posted: Nov 04, 2024
Seven French families have filed a lawsuit against social media giant TikTok, accusing the platform of exposing their adolescent children to harmful content that led to two of them taking their own lives at 15, their lawyer said on Monday. …
Posted: Nov 04, 2024
TikTok was sued by a group of seven French families who blame the social network app for harming the mental health of their children, driving two of them to suicide. The families, grouped in the association Algos Victima, filed their …
Posted: Nov 04, 2024
Global professional services firm Aon has revealed that Simon Clapham has joined the firm as chief underwriting officer for Aon Underwriting Managers (AUM). Clapham reportedly holds extensive experience in the insurance industry, having previously...
Posted: Nov 04, 2024
In this episode, John Passaro, EVP of Management Liability, discusses trends that impacted Management Liability in the post-COVID era – like PPP loans, corporate governance, upticks in ADA compliance claims, and more. Hosted by SVP of Moving &#...
Posted: Nov 04, 2024
Zurich-based catastrophe insurance data provider PERILS AG has released its initial industry loss estimate for the floods in Central Europe and Italy during the period of 14 to 20 September 2024, pegging the total at €1.886 billion. As a reminder,...
Posted: Nov 04, 2024
Global property and casualty insurer Chubb has disclosed losses of approximately $250-300 million pre-tax and $208-250 million after-tax, net of reinsurance and including reinstatement premium, in its Q4 2024 results stemming from Hurricane Milton...
Posted: Nov 04, 2024
A recent publication by Insurance Europe outlines policy recommendations for EU policymakers aimed at strengthening the insurance industry’s cyber resilience across Europe in response to a significant protection gap. The global cyber insuran...
Posted: Nov 04, 2024
As the 2024 hurricane season enters into its final month, KBRA, the global full-service rating agency has highlighted the uptick in storm activity as several weather systems made landfall in the southeastern United States. Readers will be aware th...
Posted: Nov 04, 2024
Posted: Nov 04, 2024
Posted: Nov 04, 2024
Qubit Underwriting Limited has announced the appointment of Damian Lynch as Chief Underwriting Officer (CUO) of Digital Asset Insurance, effective November 1, 2024. In his new role, Lynch will report to Helen Ye, Qubit’s CEO, and will be responsib...
Posted: Nov 04, 2024
Ryan Specialty, an international specialty insurance services firm, has announced it is in final discussions to acquire Innovisk Capital Partners from Abry Partners and BHMS Investments, LP. Through the acquisition, Innovisk will be integrated int...
Posted: Nov 04, 2024
CLARA Analytics, a provider of artificial intelligence (AI) technology for optimising insurance claims, has announced the appointment of Eugene Wong as Chief Financial Officer. In his new role, Wong will work closely with CLARA’s CEO, Heather H. W...
Posted: Nov 04, 2024
JPMorgan Chase will pay $151 million to settle five U.S. Securities and Exchange Commission enforcement cases, including accusations that the largest U.S. bank made misleading disclosures to brokerage customers, the regulator said on Thursday. The se...
Posted: Nov 04, 2024