All Posts

Maryland Lawmakers Approve Caps on High-Cost Prescription Drugs

Insurance Journal

A panel of Maryland lawmakers approved a plan on Tuesday to enable a state board to cap the price that state and local governments pay for certain high-cost prescription drugs for their employees — the latest step taken by a …

Posted: Oct 25, 2024

Convex to improve operational model with EXL partnership

Reinsurance News

International specialty insurer and reinsurer Convex has partnered with EXL, a data analytics and digital operations and solutions company, to evolve their operational model through data and technology. Through this multiyear partnership, the prog...

Posted: Oct 25, 2024

Tracking Web Users Does Not Violate Wiretap Law, Massachusetts High Court Rules

Insurance Journal

A firm’s use of software that tracks users’ activity on its website does not violate a state law against wiretapping, the Massachusetts Supreme Judicial Court has ruled. While the state law against wiretapping prohibits intercepting commu...

Posted: Oct 25, 2024

Herald Raises $12M in Series A Funding Round

Carrier Management

Herald Raises $12M in Series A Funding Round Herald, a digital infrastructure provider for commerci...

Posted: Oct 24, 2024

Glia Announces AI-Driven Call Center Platform Built for the Insurance Industry

IIR

The software automates daily tasks of Customer Service Representatives and Managers to streamline workflows.

Posted: Oct 24, 2024

Unintended Consequences—What Insurers Can Learn from McDonald’s

IIR

Lessons can be learned In surprising places—and they are rarely as straightforward as simply planning and getting the desired result.

Posted: Oct 24, 2024

THC-Infused Beverages: Does CGL Liquor Liability Exclusion Apply?

IA Magazine

Is there a liability coverage gap for the sale of these beverages, with or without the addition of a liquor liability form? Does the definition of “intoxication” apply to only alcohol or more broadly?

Posted: Oct 24, 2024

AI-Powered Claims Intelligence vs Data Chaos: CLARA Analytics

IIR

CLARA Analytics’ CEO Heather Wilson and her team discuss how AI is transforming casualty claims management.

Posted: Oct 24, 2024

InsureTech Connect 2024 Perspectives: Tom Benton, Insurance Innovation Reporter

IIR

Tom shares his thoughts on ITC major themes of AI, Data and InsurTech Maturity.

Posted: Oct 24, 2024

Donegal Insurance Group Adopts ZestyAI’s Roof Age Solution

IIR

The AI-powered system uses multiple data sources to determine the Roof age of properties across the Contiguous U.S.

Posted: Oct 24, 2024

McDonald’s Sued by Colorado Man Sickened in E. Coli Outbreak

Insurance Journal

A Colorado man has filed what appears to be the first lawsuit against McDonald’s over an E. coli outbreak linked to Quarter Pounder burgers that has killed one person and sickened nearly 50 others. The lawsuit, filed in Circuit Court …

Posted: Oct 24, 2024

HCI Group assumes over 42,000 policies from Citizens

coverager

The policies assumed represent approximately $200 million of in-force premium.

Posted: Oct 24, 2024

Pivix partners with Canopius

coverager

Pivix offers property and casualty coverages for targeted segments.

Posted: Oct 24, 2024

Miller partners with CyberCube

coverager

Miller will be licensing CyberCube's Broking Manager and Prep Module.

Posted: Oct 24, 2024

Coalition plans Denmark launch

coverager

This latest investment brings the company’s total financing to ~$23 million.

Posted: Oct 24, 2024

PCF Insurance to Rebrand as Trucordia With New Growth Strategy

Insurance Journal

Until now, PCF Insurance Services was focused on size and scale, with independently operated offices that may not have known the PCF brand. That’s all about to change. PCF Insurance will now be known as Trucordia, marking a shift toward …

Posted: Oct 24, 2024

Significant Hurdles Before Tesla’s Promises of Paid Robotaxis Next Year

Carrier Management

Significant Hurdles Before Tesla’s Promises of Paid Robotaxis Next Year Tesla CEO Elon Musk on Wednesd...

Posted: Oct 24, 2024

Stable Outlook for Canada’s P/C Insurers as Weather-Related Losses Fuel Volatility: AM Best

Carrier Management

Stable Outlook for Canada’s P/C Insurers as Weather-Related Losses Fuel Volatility: AM...

Posted: Oct 24, 2024

Global Commercial Insurance Rates Decline 1% in Q3 2024, but US Rates Up 3%

Risk & Insurance

Marsh's Global Insurance Market Index experienced wide variations in rates by region and line of coverage in 3Q 2024. The post ...

Posted: Oct 24, 2024

Business Owners in Disaster Areas Should Be Wary of Possible Scams

Carrier Management

Business Owners in Disaster Areas Should Be Wary of Possible Scams The devastation of Hurricanes Milton...

Posted: Oct 24, 2024

People Moves: Grant joins Alliant Midwest Team as SVP

Insurance Journal

Rob Grant joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president and producer in the Chicago office within its employee benefits group. Grant has over 25 years of experience in the insurance industry, most re...

Posted: Oct 24, 2024

People Moves: Grant Joins Alliant Midwest Team as SVP

Insurance Journal

Rob Grant joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president and producer in the Chicago office within its employee benefits group. Grant has over 25 years of experience in the insurance industry, most re...

Posted: Oct 24, 2024

Louisiana Senator: NFIP Reform Needed to Bring Down Flood Insurance Costs

Insurance Journal

Louisiana Senator Bill Cassidy released a report Thursday critical of the National Flood Insurance Program’s adoption of Risk Rating 2.0. The report, “The Flood Insurance Crisis: A Comprehensive Breakdown of Rising Flood Insurance Premium...

Posted: Oct 24, 2024

People Moves: Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA; Howde...

Insurance Journal

This edition of International People Moves details appointments at Liberty Specialty Markets and Howden Re. A summary of these new hires follows here. Liberty Specialty Markets Promotes Mahida to Head of 3rd Party Claims UK & MENA Liberty Special...

Posted: Oct 24, 2024

Feds Issue Ultimatum to Louisiana on $3 Billion Coastal Restoration Project

Insurance Journal

NEW ORLEANS, La. (AP) — Federal officials want to know if Louisiana remains committed to a nearly $3 billion planned coastal restoration project that litigation has stalled. Federal officials warned in a Friday letter to the head of Louisiana’s...

Posted: Oct 24, 2024

Markets/Coverages: Lloyd’s Launches Disaster Resilience Vehicle for Small Island Developing States

Insurance Journal

Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has launched disaster resilience vehicle with the United Nations Capital Development Fund (UNCDF) to deliver disaster risk financing to Small Island Developing States...

Posted: Oct 24, 2024

South Texas Town Lifts Boil Water Notice After 11 Days

Insurance Journal

McALLEN — Laredo residents are free to use their water after an 11-day boil-water notice expired earlier this week. City officials announced the end of the warning and pledged to address the factors believed to have caused the city’s water &#82...

Posted: Oct 24, 2024

AM Best Revises Outlook to Stable for American Family Mutual and Core Affiliates

Insurance Journal

AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of American Fam...

Posted: Oct 24, 2024

AI Push Sees Italy’s Intesa Axing 9,000 Jobs in ‘Generational’ Shift

Insurance Journal

Intesa Sanpaolo SpA is replacing thousands of staff with younger hires to set the firm up for the use of artificial intelligence, demonstrating how much the technology is impacting workers across the financial industry. The Italian lender plans for 9...

Posted: Oct 24, 2024

Richard Mangion named Chief Financial Officer of Fortegra Europe

Reinsurance News

The Fortegra Group, a global specialty insurer and a subsidiary of Tiptree Inc., has announced the appointment of Richard Mangion as Chief Financial Officer for its UK and European business. In his new position, Mangion will report to Ed Peña, For...

Posted: Oct 24, 2024

Donegal partners with ZestyAI

coverager

Donegal leveraged ZestyAI’s Roof Age solution.

Posted: Oct 24, 2024

Tim DeSett joins Hub

coverager

Tim DeSett has joined as North American Commercial Lines President.

Posted: Oct 24, 2024