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Figo surpasses 200,000 pet insurance policies

coverager

Figo was founded in 2013.

Posted: Sep 30, 2024

Millennial Specialty Insurance unveils new brand

coverager

The new brand will be rolled out across the company’s updated website and its LinkedIn page.

Posted: Sep 30, 2024

CFC opens first office in Spain

coverager

CFC has appointed Filippo Cibin as Team Leader.

Posted: Sep 30, 2024

Study Examines How Income, Race and Design Affect Pedestrian Casualties

Carrier Management

Study Examines How Income, Race and Design Affect Pedestrian Casualties Despit...

Posted: Sep 30, 2024

SHELL GAME

Rough Notes

Federal legislators ask Federal Insurance Office to subpoena climate change info The McCarran-Ferguson Act provided only a limited and contingent loan of Congress’s constitutional authority to the states. … And Congress could recall the loaned author...

Posted: Sep 30, 2024

THE BUSYNESS EPIDEMIC

Rough Notes

Why your team feels so busy and how it’s jeopardizing effectiveness “When you’re busy, you’re more likely to make poor time-management choices: taking on commitments you can’t handle or prioritizing trifling tasks over crucial ones.” —Eldar Shafir Be...

Posted: Sep 30, 2024

BUSINESS AUTO ENHANCEMENTS

Rough Notes

Filling in the gaps [Let’s] explore a few additional business auto coverages that should be considered as agency standards.     By Marc McNulty, CIC, CRM Our last “Mind the Gap” focused on procedures and endorsements that were included in a James K....

Posted: Sep 30, 2024

Primary Insurers Will Absorb $5B+ Hurricane Helene Losses: Rating Agencies

Carrier Management

Survey: Only One-Fifth of Employees Report Receiving Effective Training for Soft Skills Just one-fif...

Posted: Sep 30, 2024

California Bill Requiring Speeding Alerts in New Cars Vetoed

Carrier Management

California Bill Requiring Speeding Alerts in New Cars Vetoed Gov. Gavin Newsom vetoed a bill Saturday th...

Posted: Sep 30, 2024

Survey: Despite Identity Theft Concerns Consumers Ignore Cybersecurity Threats

Carrier Management

Survey: Despite Identity Theft Concerns Consumers Ignore Cyberse...

Posted: Sep 30, 2024

New Orleans, DOJ Move to End Police Department’s Consent Decree

Insurance Journal

NEW ORLEANS (AP) — New Orleans and the U.S. Department of Justice filed a motion Friday in federal court to take steps to end long-standing federal oversight of the city’s police department. The city and the federal government had agreed &#8230...

Posted: Sep 30, 2024

Texas Farmers and Ranchers Sound Alarm Over Languishing Farm Bill

Insurance Journal

LUBBOCK — Federal lawmakers are sounding the alarm on the economic catastrophe that could happen if a new farm bill isn’t passed by the end of this year, now that the 2018 version has officially expired. Since it was introduced …

Posted: Sep 30, 2024

Appeals Court Sends Back Part of Dakota Access Pipeline Protestor’s Excessive Force Lawsuit

Insurance Journal

BISMARCK, N.D. (AP) — An appeals court has sent back part of a lawsuit brought by a protester of the Dakota Access oil pipeline, who alleged excessive force by law enforcement officers. Eric Poemoceah, of Oklahoma, filed the federal court …

Posted: Sep 30, 2024

OSHA Cites Company for Multiple Safety Violations Following Cargo Hold Fire in Ohio

Insurance Journal

Federal safety inspectors found a crew working aboard the Cuyahoga, a commercial iron ore vessel moored at the Port of Ashtabula, narrowly avoided disaster after a large fire erupted as they welded off paint in a cargo hold, an incident …

Posted: Sep 30, 2024

Residents in East Palestine Express Distrust Over EPA’s Reporting Practices After Train Derailment

Insurance Journal

The way the Environmental Protection Agency has reported its test results since a Norfolk Southern train derailed and officials released and burned chemicals that spewed a toxic cloud over East Palestine, Ohio, makes it hard for residents to know the...

Posted: Sep 30, 2024

Perceptions of Insurance an Obstacle to Attracting Young Talent

Risk & Insurance

Insurance struggles to attract young talent as a new survey reveals significant perception gaps in career aspirations and industry realities. The post

Posted: Sep 30, 2024

RBC predicts hurricane Helene insured losses could reach double-digit billions

Reinsurance News

Analysts at RBC Capital Markets (RBC) predict that insured losses from Hurricane Helene could range from mid-single-digit billions to as high as double-digit billions. Hurricane Helene made landfall in Florida’s Big Bend region on Thursday, Septem...

Posted: Sep 30, 2024

B.P. Marsh acquires 44% shareholding in Czech MGA CEE Specialty

Reinsurance News

B.P. Marsh has expanded its portfolio with the acquisition of a 44% stake in Czech marine and liability MGA CEE Specialty, providing €3.3m of funding which was utilised in full to effect a management buy-out. CEE Specialty is an underwriting agenc...

Posted: Sep 30, 2024

Thieves Hunting for Copper Are Vandalizing American EV Chargers

Insurance Journal

Rick Wilmer spends most of his work days at the office. But every so often, the chief executive officer of ChargePoint Holdings Inc. will make his way to the company’s laboratory in San Jose, California, where he dons safety glasses …

Posted: Sep 30, 2024

Elixir launches AI-driven MGA

coverager

The MGA will first focus on cyber insurance.

Posted: Sep 30, 2024

Marsh to acquire McGriff Insurance Services

coverager

Figo was founded in 2013.

Posted: Sep 30, 2024

Hurricane Helene Kills at Least 90, Leaves Destruction in Its Wake

Carrier Management

Survey: Only One-Fifth of Employees Report Receiving Effective Training for Soft Skills Just one-fif...

Posted: Sep 30, 2024

Marsh McLennan to Buy TIH’s McGriff Insurance for $7.75B

Carrier Management

Marsh McLennan to Buy TIH’s McGriff Insurance for $7.75B Marsh McLennan says it has a deal in place to acqui...

Posted: Sep 30, 2024

Roots Automation Closes $22.2M Series B Funding Round

Carrier Management

Roots Automation Closes $22.2M Series B Funding Round Roots Aut...

Posted: Sep 30, 2024

Arch Insurance International announces leadership promotions in executive assurance

Reinsurance News

Arch Insurance International, a provider of specialty insurance products, has announced the promotion of Maggie Munns to Head of Executive Assurance and Matthew Doherty to Director of Underwriting, Executive Assurance, both effective immediately....

Posted: Sep 30, 2024

Biden Approves Disaster Declaration for Vermont for Late July Flooding

Insurance Journal

President Joe Biden has approved a major disaster declaration for the severe flooding that hit northeastern Vermont in late July. The declaration makes federal funding available to help communities and individuals in Caledonia, Essex, and Orleans cou...

Posted: Sep 30, 2024

HOW TO IMPROVE RETENTION

Rough Notes

Playing the “dating game” Much like dating, the art of attraction (or marketing) and curiosity (or client intake) begin the process of deciding if the relationship is a good fit … and this impacts retention in the long run. By Dustyne Bryant, MBA, CI...

Posted: Sep 30, 2024

Insured Losses Top $5B With Heavy Flooding But Few Covered by Flood Insurance

Insurance Journal

Estimates of insured losses from Hurricane Helene continue to range around $5 billion, not including flood insurance losses, as the death toll in the Southeast continued to rise, approaching 100 by Monday morning. In Florida, the state Office of Insu...

Posted: Sep 30, 2024

Insured Losses Top $5B With Heavy Flooding but Few Covered by Flood Insurance

Insurance Journal

Estimates of insured losses from Hurricane Helene continue to range around $5 billion, not including flood insurance losses, as the death toll in the Southeast continued to rise, reaching 107 by Monday morning. In Florida, the state Office of Insuran...

Posted: Sep 30, 2024

SRG completes investment partnership with Warburg Pincus and Temasek

Reinsurance News

Insurance industry intermediary Specialist Risk Group (SRG) has announced the completion of the transaction for the majority of its shares to be acquired by global growth investor, Warburg Pincus, and Temasek, a global investment company headquart...

Posted: Sep 30, 2024

BAD NEWS FOR TITLE APPELLANTS

Rough Notes

Zoning issue involving a stand-alone barn finds both buyers and sellers entangled in lawsuit By Bruce D. Hicks, CPCU, CLU The Court Decisions column is a popular part of Rough Notes magazine. One reason for this is that the court room is where the pr...

Posted: Sep 30, 2024

Henry Nelson named Liberty Specialty Markets CUO for the UK & MENA region

Reinsurance News

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Henry Nelson as Chief Underwriting Officer (CUO) for the UK & MENA region, effective January 1, 2025. According to the announcement, Nelson will begin trans...

Posted: Sep 30, 2024