All Posts

Data and Privacy Breaches Fuel Cyber Insurance Claims Surge

Risk & Insurance

Allianz Commercial's cyber risk outlook reveals a surge in data privacy breach incidents, fueled by ransomware attacks and driving class action litigation. The post

Posted: Oct 09, 2024

Increased Frequency of Heat Waves, Air Pollution Threaten Outdoor Workers

Risk & Insurance

Gallagher report reveals the growing risks heat waves and air pollution pose to the health and safety of outdoor workers. The post

Posted: Oct 09, 2024

Hub International acquires WestStar Insurance Agency

coverager

WestStar Insurance Agency is owned by WestStar Bank.

Posted: Oct 09, 2024

Herald Launches Certified Partner Program to Enhance Commercial Insurance Connectivity

coverager

Herald has announced the launch of its Certified Partner Program, aimed at enhancing commercial insurance connectivity by partnering with technology platforms and service providers.

Posted: Oct 09, 2024

Fidelity acquires First Nationwide Title Agency

coverager

Terms of the deal were not disclosed.

Posted: Oct 09, 2024

Guardian launches GuardianWell

coverager

GuardianWell is a new digital well-being hub for Group Benefits members.

Posted: Oct 09, 2024

Vertafore recognized by InsurTech100 & PropertyCasualty360 Insurance Luminaries

coverager

InsurTech leader honored for simplifying and automating the insurance lifecycle

Posted: Oct 09, 2024

Paratus Group receives approval to offer insurance for renewable energy

coverager

Paratus already helps businesses like airlines and shipping companies manage risks.

Posted: Oct 09, 2024

Brit expands private client team with key hires in HNW market

coverager

Chris Lewis, with over 25 years of insurance market experience, has been appointed Business Development Manager.

Posted: Oct 09, 2024

Enstar completes loss portfolio transfer with SiriusPoint

coverager

SiriusPoint will cede net reserves of approximately $400 million, and Enstar’s subsidiary will provide approximately $200 million of cover in excess of the ceded reserves, with claims management transferring to Enstar.

Posted: Oct 09, 2024

Stream raises $5.3 million

coverager

Stream’s platform helps clients process medical records and extract insights.

Posted: Oct 09, 2024

Titan’s Former Lead Engineer Felt Pressured to Get Submersible Dive-Ready

Carrier Management

Titan’s Former Lead Engineer Felt Pressured to Get Submersible Dive-Ready The lead engineer for an expe...

Posted: Oct 09, 2024

Court Reviews Civil Rights Lawsuit Alleging Environmental Racism in Louisiana Parish

Insurance Journal

NEW ORLEANS (AP) — A federal appellate court is reviewing a civil rights lawsuit alleging a south Louisiana parish engaged in racist land-use policies to place polluting industries in majority-Black communities. The Fifth U.S. Circuit Court of Appeal...

Posted: Oct 09, 2024

Hub Acquires Texas’ WestStar Insurance

Insurance Journal

Hub International Limited (Hub) and WestStar Bank (WestStar), the leading community financial institution in the Borderplex Region, jointly announced the sale of the assets of WestStar Insurance Agency, Inc. (WestStar Insurance) by WestStar to Hub. T...

Posted: Oct 09, 2024

North Dakota Officials Offer Guidance Following Wildfires

Insurance Journal

In the wake of wildfires over the weekend affecting parts of NorthDakota, Insurance Commissioner Jon Godfread and State Fire Marshal Doug Nelson are reminding residents of the necessary steps to protect themselves and their property during the recove...

Posted: Oct 09, 2024

NFP Acquires Indiana’s Miller Insurance Group

Insurance Journal

NFP, an Aon company and property and casualty (P&C) broker, benefits consultant, wealth manager and retirement plan advisor, announced the acquisition of Richard S. Miller & Sons, Inc. dba Miller Insurance Group (MIG), a P&C and benefits...

Posted: Oct 09, 2024

Pilot Dies as Small Plane Crashes Near Nebraska Airport

Insurance Journal

NORFOLK, Neb. (AP) — The pilot of a small airplane died in a crash near the runway of the airport in Norfolk, Nebraska. Norfolk police said the crash was reported at 7:39 p.m. Monday, about a half-mile south of the …

Posted: Oct 09, 2024

WTW report highlights stability in North American commercial insurance rates

Reinsurance News

According to the latest Insurance Marketplace Realities report from WTW, an advisory, broking, and solutions firm, commercial insurance rates have maintained steadiness and balance throughout the year across North America. WTW notes that new capit...

Posted: Oct 09, 2024

NSA Investigating If Chinese Hackers Breached US Telecoms

Insurance Journal

The US is in the early stages of an investigation into potential Chinese hacking of American telecommunications companies, according to a top intelligence official. National Security Agency Director General Timothy Haugh said the NSA, along with othe...

Posted: Oct 09, 2024

Protective Life Corporation sells Concourse Securities and Concourse Agency

Reinsurance News

Protective Life Corporation (Protective), a U.S. subsidiary of Dai-ichi Life Holdings, has entered into agreements to sell Concourse Financial Group Securities (Concourse Securities) and Concourse Financial Group Agency (Concourse Agency). This in...

Posted: Oct 09, 2024

Earnix adds Argo Group CEO Jessica Buss to its Board of Directors

Reinsurance News

Earnix, a global provider of AI-based SaaS pricing and rating solutions for financial services, has announced the appointment of Jessica Buss, Chief Executive Officer of Argo Group, to its Board of Directors. A highly respected leader in the prope...

Posted: Oct 09, 2024

Verisk Says Helene’s Insured Losses Could Reach $11 Billion

Insurance Journal

Catastrophe modeler Verisk predicted wind, storm surge and flooding from last month’s Hurricane Helene will cause insured losses of between $6 billion and $11 billion. The estimate does not include losses to the National Flood Insurance Program...

Posted: Oct 09, 2024

Executive Stole $4.8 Million From Compensation Program for Children Injured at Birth

Insurance Journal

A Virginia man pled guilty to embezzling funds from his former employer, a fund that provides financial assistance to families of infants who suffer from brain or spinal cord injuries, reports the U.S. Attorney for Eastern Virginia. According to cour...

Posted: Oct 09, 2024

Range of Milton insured losses high at 15bn-150bn+: Icosa Investments

Reinsurance News

Icosa Investments, a catastrophe bond fund manager, has projected potential insurance industry losses from Hurricane Milton, ranging from $15 billion to over $150 billion, depending on the storm’s landfall location, intensity, and path. “To...

Posted: Oct 09, 2024

Aon’s NFP expands P&C offerings through Miller Insurance Group acquisition

Reinsurance News

NFP, a company under Aon and a broker in property and casualty (P&C) insurance, benefits consulting, wealth management, and retirement plan advising, has acquired Richard S. Miller & Sons, Inc. dba Miller Insurance Group (MIG), a P&C a...

Posted: Oct 09, 2024

Insurance Broker Caught Pocketing $137K Commissions by Forging Policy Applications

Insurance Journal

An insurance broker who collected nearly $137,000 in sales commissions by submitting fabricated insurance applications for end-of-life insurance policies in clients’ names without their knowledge, and used those clients’ personal and bank...

Posted: Oct 09, 2024

Hurricane Milton Bears Down on Florida’s Tampa Area With House-Toppling Winds

Insurance Journal

Hurricane Milton churned toward Florida’s west coast with winds powerful enough to demolish houses, threatening to unleash once-in-a-century flooding across some of the state’s fastest-growing counties. Milton’s top winds dropped sl...

Posted: Oct 09, 2024

Tampa could avoid direct Hurricane Milton impact, though significant uncertainty remains: Morningsta...

Reinsurance News

With the U.S. National Hurricane Center now placing the entry point of Hurricane Milton about 40 miles south of Tampa, Florida, Morningstar DBRS has suggested that insured losses could be “substantial but not catastrophic”, sitting in...

Posted: Oct 09, 2024

Experts Predict Impacts of $25B+ Milton Hit to Insurers, Reinsurers

Insurance Journal

A wide cone of uncertainty surrounds insurance experts’ pre-landfall predictions about the state of the industry that will prevail in the aftermath of Hurricane Milton, with most viewing it as a $20 billion-plus loss event. Amid the volumes of...

Posted: Oct 09, 2024

Hurricanes Milton and Helene Expose Limits of US Flood Maps

Insurance Journal

Even before the second megastorm in as many weeks brings devastating floodwaters to the Southeast US, it’s already clear that federal flood-risk maps underpinning decisions by millions of American homeowners and businesses are severely out of s...

Posted: Oct 09, 2024

Hurricane Milton threatens tens of billions in insured losses, reinsurers also to be impacted: RBC C...

Reinsurance News

With its projected path and intensity, Hurricane Milton has the potential to become one of the most expensive storms to hit Florida, analysts at RBC Capital Markets, the investment banking arm of Royal Bank of Canada, predict. Currently, Hurricane...

Posted: Oct 09, 2024

Synchrony introduces new pet insurance reimbursement process

coverager

The company has partnered with Pets Best.

Posted: Oct 09, 2024

Embroker rebrands

coverager

WestStar Insurance Agency is owned by WestStar Bank.

Posted: Oct 09, 2024

Verisk Estimates Up to $11B in Insured Losses From Hurricane Helene

Carrier Management

Verisk Estimates Up to $11B in Insured Losses From Hurricane Helene The Extreme E...

Posted: Oct 09, 2024

Scammers Pose as Political Activists to Play on Partisan Divide

Carrier Management

Scammers Pose as Political Activists to Play on Partisan Divide Hackers are...

Posted: Oct 09, 2024

Federal Flood Maps Are No Match for Florida’s Double Hurricane

Carrier Management

Federal Flood Maps Are No Match for Florida’s Double Hurricane Even before the second megastorm in as m...

Posted: Oct 09, 2024