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LITTLE ROCK, Ark. (AP) — An inmate who was beaten by an Arkansas police officer in the back of a patrol car filed a lawsuit Tuesday against the former officer and his police chief, accusing them of violating his constitutional …
Posted: Sep 27, 2024
Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Baker Insurance, a property/casualty brokerage based in Calgary. Financial details of the deal were not disclosed. This strategic move strengthen...
Posted: Sep 27, 2024
Cheniere Energy Inc.’s top executive Jack Fusco wants the biggest gas exporter in the US to set the rules to measure the environmental impact of liquefied natural gas, using a fleet of methane tracking technologies and the company’s clout...
Posted: Sep 27, 2024
The Roman Catholic Diocese of Rockville Centre in New York reports that it has reached an agreement with survivors, insurers, parishes and other parties on a settlement of its bankruptcy case that includes a $323 million fund to compensate victims &#...
Posted: Sep 27, 2024
A judge in South Dakota has thrown out a lawsuit brought by dozens of neighbors in a Rapid City-area subdivision whose homes were built above an old, underground mine linked to sinkholes in the neighborhood. Circuit Court Judge Eric J. …
Posted: Sep 27, 2024
The importance of working with local re/insurers in CEE countries like Poland is crucial to improve capacity, especially with big infrastructure and energy projects ahead, Tomasz Libront, CEO of Smartt Re, commented in a recent interview with Rein...
Posted: Sep 27, 2024
Pero Family Farms Food Company, LLC, will pay $40,000 in compensatory damages and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) lawsuit, the federal agency announced today. The EEOC’s suit alleged Pero Fam...
Posted: Sep 27, 2024
Insurance Business Magazine - US
Posted: Sep 27, 2024
Insurance Business Magazine - US
Posted: Sep 27, 2024
The latest people news in the industry today. The post Thomas Lillelund to Join Allianz Global Corporate & Specialty SE as CE...
Posted: Sep 27, 2024
The latest people news in the industry today. The post Duncan Ellis Returns to Marsh as Leader of U.S. and Ca...
Posted: Sep 27, 2024
A federal appeals court has upheld a lower court determination that a Montana health clinic submitted hundreds of false asbestos claims on behalf of patients. A jury decided last year that the clinic in a town where hundreds of people …
Posted: Sep 27, 2024
The latest people news in the industry today. The post Arooran Sivasubramaniam Appointed as Head of Zur...
Posted: Sep 27, 2024
Amphitrite Underwriting London, a specialist in marine MGA, has announced the appointment of Fadi Faysal as Cargo Underwriter. Faysal, who will be working with Scott Sykes, Head of Cargo, brings over 15 years of extensive global experience in both...
Posted: Sep 27, 2024
The latest people news in the industry today. The post Michael F. Albian Appointed as President of Ryan Alternative R...
Posted: Sep 27, 2024
Paratus Holdings Ltd., the Guernsey-based re/insurance group, announced that Paratus Renewables Insurance Ltd. has been granted regulatory approval by the Guernsey Financial Services Authority (GFSC) to provide insurance cover to the renewable power...
Posted: Sep 27, 2024
As research has evolved on the effects of per- and polyfluoroalkyl substances (PFAS), correlations are being made to medical conditions within people exposed—and that’s about everyone to some degree. “We’re ingesting this stuff for...
Posted: Sep 27, 2024
Ukrainian authorities said at least three people were killed by a Russian strike against a Danube River port that was repeatedly attacked last year after it became a lifeline for key exports amid the Kremlin’s invasion. Fourteen others, includi...
Posted: Sep 27, 2024
US life/annuity (L/A) insurers have doubled their ceded reserves to $1.74 trillion between 2016 and 2023 driven by strong annuity growth on higher interest rates with an increasingly larger portion headed offshore, an AM Best report has disclosed....
Posted: Sep 27, 2024
The upcoming integration will connect AgencyBloc’s agency management system with SunFire’s medicare quoting and proposal tool.
Posted: Sep 27, 2024
Euclid Mortgage, an independent managing general underwriter specialising in mortgage (re)insurance, has appointed Ken Bjurstrom as Chief Risk Officer, bringing over 35 years of expertise in mortgage risk analytics and advisory services to his new...
Posted: Sep 27, 2024
Pennsylvania State University will pay $703,742 in back wages and interest and enter into a conciliation agreement with the U.S. Department of Labor to resolve alleged gender pay discrimination against female employees. Based on a compliance review,...
Posted: Sep 27, 2024
FloodFlash’s UK clients with parametric coverage have been promptly notified that their claims are in progress following recent rainfall-related floods, ensuring a seamless claims process. Clients benefit from FloodFlash’s accurate flood readings...
Posted: Sep 27, 2024
Tropical Storm Helene Lashes Florida With Powerful Winds, Rain Hurricane Helene...
Posted: Sep 27, 2024
Personal Auto Insurance Could Be Obsolete in 20 Years: Morningstar Self-driving cars could make pe...
Posted: Sep 27, 2024
Self-driving cars could make personal auto insurance largely obsolete within 20 years, according to a worst-case scenario modeled by Morningstar. A more likely, moderate scenario forecasts the line could remain necessary for a few more decades, until...
Posted: Sep 27, 2024
Hundreds of claims adjusters were set to move out across Florida, Georgia and western parts of the Carolinas Friday morning as Hurricane Helene brought high storm surge and 140 mph winds to a region that has faced three hurricanes in …
Posted: Sep 27, 2024
Despite challenging conditions, 75% of independent insurance agencies saw revenue gains from 2022 to 2023, according to the 2024 Agency Universe Study. That number is significantly higher than between 2020 and 2021, during which 62% of agencies exper...
Posted: Sep 27, 2024
Despite challenging conditions, 75% of independent insurance agencies saw revenue gains from 2022 to 2023, according to the 2024 Agency Universe Study. That number is significantly higher than between 2020 and 2021, during which 62% of agencies exper...
Posted: Sep 27, 2024
Guidewire, a provider of software solutions for the property and casualty (P&C) insurance industry, announced that Mark Anquillare has been appointed to its Board of Directors, effective September 23, 2024. Michael Zeller, Chairman of the Boar...
Posted: Sep 27, 2024
Moving money from coal assets to a new responsible-investment exchange-traded vehicle provided the sort of quick win the New York State Insurance Fund was looking for when evaluating the climate and social impacts of its holdings, a top executive sai...
Posted: Sep 27, 2024
Broking group Aon has revealed a market loss estimate for the Central Europe Flooding in September 2024, caused by Storm Boris, of €1.65 billion. According to the firm’s Event Response report, the deadly flooding resulted from an extreme amo...
Posted: Sep 27, 2024
Hurricane Helene barreled into the western coast of Florida with dangerous winds, knocking out power for more than a million customers and threatening to unleash deadly flooding across several states. Helene made landfall near Perry with top sustaine...
Posted: Sep 27, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has appointed Mark Flanagan as the Head of Property & Casualty, Bermuda, reporting to Noel Pearman, Chief Underwriting Officer, Bermuda within AXA...
Posted: Sep 27, 2024
Antimicrobial resistance (AMR), referred to as “the silent pandemic” by World Health Organisation (WHO), is an evolving risk with the potential to severely disrupt healthcare systems worldwide; a challenge that needs increased awareness and...
Posted: Sep 27, 2024
Generali Global Corporate & Commercial (GC&C), a subsidiary of the Italian insurance giant, has appointed Winnie Chu as Head of Financial Lines Underwriting, Asia, and Joshua Lynch as Head of Business Development, Asia, both effective Sept...
Posted: Sep 27, 2024
Insuritas now offers disaster insurance coverage in addition to its existing home, auto, renters, and business insurance products.
Posted: Sep 27, 2024
Helios Underwriting has reported that gross written premiums (GWP) increased to £230 million in the first half of 2024 on the back of 65% growth of the capacity portfolio to £512 million for the 2024 underwriting year. The investment company, who...
Posted: Sep 27, 2024
RISCS CWC, an independent consultancy providing innovative captive & ART strategic risk advice to clients, has appointed Darlington Munhuwani as a Partner to work alongside existing Cape Town-based Partner, David Rose Innes to support the deve...
Posted: Sep 27, 2024
The Fidelis Partnership’s wholly-owned subsidiary Pine Walk Capital Limited has launched its latest MGA, Seraphina. Seraphina will reportedly write a broad portfolio of International Property business, “complementing and diversifying&#...
Posted: Sep 27, 2024
Global reinsurer Active Re strengthens its presence in the Caribbean with the opening of new offices on Barbados, a significant step in the company’s branding strategy. By establishing a local team dedicated to addressing the unique requirements o...
Posted: Sep 27, 2024
Milliman, a global consulting and actuarial firm, has announced that its Chair of the Board, Ken Mungan, will retire in early 2025 after completing a full 10-year, term-limited tenure. Mungan’s leadership has been marked by significant growth, exp...
Posted: Sep 27, 2024
Posted: Sep 27, 2024
Posted: Sep 27, 2024
Hurricane Helene made landfall in the Big Bend region of Florida shortly after 11pm local time on Thursday night as a powerful Category 4 storm, with maximum sustained winds of 140 mph Helene is reportedly the strongest storm on record to make lan...
Posted: Sep 27, 2024
A new article directly blames climate change for rising U.S. insurance rates. While the article mulls the various and numerous reasons for rising rates, it calls out what the author sees as a “common thread” that ties in rising rates R...
Posted: Sep 27, 2024