All Posts
BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil’s worst environmental disaster were “far-fetched and unjustified,” as the miner opened its defense to a mammoth lawsuit at London’s H...
Posted: Oct 23, 2024
An increase in Russian attacks on Ukrainian port infrastructure in recent weeks threatens food shipments to destinations from Gaza to southern Africa, the UK warned. British intelligence has detected a “noticeable increase in Russian risk appet...
Posted: Oct 23, 2024
American International Group, better known as the global insurance enterprise AIG, said it will consolidate its Atlanta-area operations into a huge new innovation hub in Brookhaven, on the north side of the city. The 180,000-square-foot workspace on...
Posted: Oct 23, 2024
Moody’s outlook remains stable for the Nordic property and casualty (P&C) and life insurance sectors, which according to the firm, reflects both sectors’ robust overall profitability and solvency. Analysts at Moody’s have sug...
Posted: Oct 23, 2024
Florida bond investors are about to have an unusual decision to make — whether to sell their debt back to the state that issued the securities in the first place. The state is offering its first ever buyback, or what’s …
Posted: Oct 23, 2024
Aurora, a digital commercial insurance platform, has secured seed funding from QBE Ventures, the investment subsidiary of the global insurer QBE Insurance Group. The funds will be used to enhance Aurora’s lead algorithmic trading proposition, expa...
Posted: Oct 23, 2024
Send Technology Solutions (Send), a UK-based Insurtech software company, has partnered with Deloitte to deliver Send’s underwriting workbench platform to commercial and specialty carriers worldwide. Send’s Underwriting Workbench is an API-enabled...
Posted: Oct 23, 2024
American International Group, Inc. (AIG) has announced its plans to consolidate and expand its Atlanta-area footprint with the relocation of its Alpharetta and Buckhead operations to a new innovation hub To be located at 2002 Summit Boulevard Nort...
Posted: Oct 23, 2024
State Residual Markets See Policy Count Double...
Posted: Oct 23, 2024
80% of New Yorkers Feel City Is Unprepared for Climate-Related Risks A recent surve...
Posted: Oct 23, 2024
National specialty insurance broker Risk Strategies reported it has acquired George W. Blaisdell Insurance, an employee benefits agency based in Hampton Falls, New Hampshire. The acquisition expands the Risk Strategies Employee Benefits Practice in i...
Posted: Oct 23, 2024
The Federal Aviation Administration on Tuesday finalized comprehensive training and pilot certification rules for flying air taxis, addressing a key hurdle to the deployment of electric vertical takeoff and landing aircraft. The FAA called the rule &...
Posted: Oct 23, 2024
One person died and dozens fell ill from E. coli infections linked to McDonald’s Quarter Pounder hamburgers in 10 states, led by Colorado, where 26 people were sickened, the U.S. Centers for Disease Control said on Tuesday. The E. coli …
Posted: Oct 23, 2024
Coterie Insurance, a technology-driven managing general agent (MGA) focused on simplifying small business insurance, has introduced cyber insurance to its platform through a new collaboration with Berkley Re Solutions and TransUnion. Leveraging co...
Posted: Oct 23, 2024
A Connecticut firefighter was killed while battling a massive brush fire at Lamentation Mountain in Berlin. Governor Ned Lamont ordered flags lowered to half-staff in honor of Robert Sharkevich Sr., a member of the Wethersfield Volunteer Fire Departm...
Posted: Oct 23, 2024
Catastrophe risk modeller CoreLogic has introduced Navigate, a cloud-based portal offering flexible access to its global suite of over 185 high-fidelity catastrophe risk models. The platform enhances workflows, offering scalability, accessibility,...
Posted: Oct 23, 2024
The London Market Group’s (LMG) Data Council has unveiled a consultation on the structure and fields of its proposed extension of the Core Data Record (CDR) to cover Treaty. According to the announcement, the consultation will run for eight...
Posted: Oct 23, 2024
Broadstone, an independent financial services consultancy, has promoted Jeremy Clack to the newly created role of Head of Commercial Strategy in its Consulting & Actuarial (C&A) division. In this new role, which he will take on in addition...
Posted: Oct 23, 2024
Insurance Business Magazine - US
Posted: Oct 23, 2024
Insurance Business Magazine - US
Posted: Oct 23, 2024
The Australian Securities and Investments Commission (ASIC), Australia’s corporate, markets, and financial services regulator, has commenced court proceedings against QBE Insurance (Australia) Limited, alleging it misled customers about discounts...
Posted: Oct 23, 2024
Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has announced a three-year binding authority agreement with Aviva for its direct & facultative (D&F) property portfolio. The facility enables Rokstone t...
Posted: Oct 23, 2024
Tropical Storm Trami has dumped heavy rain across the main island of the Philippines, triggering extensive flooding that’s affected around 150,000 people as the government shut most of its operations. Trami — known locally as Kristine — has mai...
Posted: Oct 23, 2024
B.P. Marsh & Partners, the specialist private equity investor, has reported that Net Asset Value increased by £23.7 million to £252.9 million in its half-year results for the six months to July 31, 2024, representing a notable increase from £2...
Posted: Oct 23, 2024
HDI Global, a commercial and specialty lines insurer, has reorganised the management of its HDI Enablers division appointing Eric Joly-Pottuz to manage the Paris-based Alternative Risk Transfer (ART) unit. Etienne de Varax, who managed the unit si...
Posted: Oct 23, 2024
Jio Financial Services Ltd., controlled by billionaire Mukesh Ambani, has held talks with Allianz SE to set up an insurance partnership in India as the German firm seeks to scrap two existing joint ventures in the country, according to people …
Posted: Oct 23, 2024
Oliver Wyman and Mercer, businesses of Marsh McLennan, has launched a new pension risk transfer (PRT) longevity model that will enable pension plan sponsors, direct insurers and reinsurers to better price and manage longevity risk. Drawing on Merc...
Posted: Oct 23, 2024
Australia’s corporate regulator is taking QBE to court, alleging that the country’s biggest insurer by gross written premiums misled more than half a million customers about discounts on various products during a five-year period. The Aus...
Posted: Oct 23, 2024
Rokstone, an international speciality re/insurance MGA part of the Aventum Group, has announced a three year binding authority agreement with Aviva for its Direct & Facultative (D&F) property portfolio. According to Rokstone, the facility...
Posted: Oct 23, 2024
Markel, the insurance division of Markel Group Inc., has announced the appointment of Jim Hinchley as Chief Retail Officer for its Specialty division. In this role, Hinchley will lead Markel’s retail strategy, drive profitable growth in exis...
Posted: Oct 23, 2024
Posted: Oct 23, 2024
Posted: Oct 23, 2024
Heritage Insurance, a super-regional P&C insurance holding company, expects gross losses from Hurricane Milton to breach the third layer of its reinsurance tower. Milton is expected to incur Heritage approximately $57 million of net current ac...
Posted: Oct 23, 2024
There have been fewer credit rating downgrades in the first half of 2024 compared with the same prior-year period, at the same time upgrades in the US property/casualty insurance segment declined in the same period, AM Best has revealed. Fewer cre...
Posted: Oct 23, 2024
Berkshire Hathaway Specialty Insurance (BHSI), a commercial property, casualty, and specialty insurer, has appointed Kristina Målarbo as the Head of Claims, Nordics, based in Stockholm. Målarbo has 25 years of industry experience overseeing commer...
Posted: Oct 23, 2024
CAC Group, a national insurance broker and advisor, has announced the launch of CyberPeril Pro, a flexible cyber insurance solution aimed at closing coverage gaps in the energy and utility sectors. Adam Lantrip, Executive Vice President, Professio...
Posted: Oct 23, 2024
Concert Group, a privately owned insurance holding company, has appointed Ken Carter to the newly created position of Chief Claims Officer. Based in Buffalo, New York, Carter joined the company on October 8, 2024 from Merchants Insurance Group. In...
Posted: Oct 23, 2024
The National Oceanic and Atmospheric Administration’s Climate Prediction Center says there is a 60% chance that a weak La Niña event will develop this autumn and could last until March. La Niña is part of a natural climate cycle that …
Posted: Oct 23, 2024
Meta Platforms and Chief Executive Mark Zuckerberg won the dismissal of a lawsuit claiming they misled shareholders in Meta’s proxy statement about their ability to ensure the safety of children who use Facebook and Instagram. In a decision on...
Posted: Oct 23, 2024
Insurers often include exclusions within their liability policies to prohibit coverage for claims arising out of pollution exposure. The exact wording of the exclusion can differ significantly, but the key issue is whether the underlying allegations...
Posted: Oct 23, 2024
Connecticut Attorney General William Tong announced a settlement with Guardian Analytics, Inc. and its successor Actimize, Inc., resolving an investigation into a data breach affecting Webster Bank customers’ data. Under the settlement, Guardia...
Posted: Oct 23, 2024
Walmart will pay $7.5 million to resolve charges that the largest U.S. retailer illegally disposed of hazardous and medical waste from its facilities into California municipal landfills. The settlement was announced on Tuesday by California Attorney...
Posted: Oct 23, 2024
Qantev, an AI-powered platform transforming the way health and life insurers manage claims, reduce costs, and enhance services, has secured €30 million in a new funding round led by Blossom Capital, a European venture capital firm, with participat...
Posted: Oct 23, 2024
A man who worked for United Way in Massachusetts was convicted in federal court of taking $6.7 million from the nonprofit through an information technology company that he secretly owned. Imran Alrai, 59, was convicted Wednesday in Concord, New Hamps...
Posted: Oct 23, 2024
ALKEME acquired Pinnacle Insurance Consultants in Scottsdale, Arizona. Pinnacle Insurance Consultants specializes in errors & omissions insurance for real estate firms. ALKEME is an insurance agency providing businesses and individuals with comme...
Posted: Oct 23, 2024