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AIG appoints Keith Walsh Executive Vice President, Chief Financial Officer

coverager

Walsh will report to AIG Chairman & Chief Executive Officer, Peter Zaffino.

Posted: Sep 19, 2024

Prudential Financial introduces Stop Loss Insurance

coverager

Prudential’s Stop Loss product suite is available to employers with self-funded medical and prescription drug plans that cover at least 100 employees.

Posted: Sep 19, 2024

Signs of Climate Change Seen Globally in Floods, Fires and Drought

Carrier Management

Signs of Climate Change Seen Globally in Floods, Fires and Drought The hallmarks of climate change — ex...

Posted: Sep 19, 2024

U.S. Companies Nix Career Programs for Women Amid DEI Backslide

Carrier Management

U.S. Companies Nix Career Programs for Women Amid DEI Backslide Amid a DEI backlash in corporate A...

Posted: Sep 19, 2024

Major Companies Abandon an LGBTQ+ Rights Report Card After Facing Anti-Diversity Backlash

Carrier Management

Major Companies Abandon an LGBTQ+ Rights Report Card After Facing Anti-Diversity Backlash More than two...

Posted: Sep 19, 2024

Wisconsin Contractor Faces $144K Fine for Endangering Workers

Insurance Journal

A suburban Madison, Wisconsin contractor with a history of federal safety failures – including violations that led to an employee’s fatal injuries in 2022 – has again been found exposing workers to the construction industry’s most deadly...

Posted: Sep 19, 2024

Jewelers Mutual Expands to NC Office Tower, Warns About Store Break-ins Nationwide

Insurance Journal

Jewelers Mutual Insurance, one of the largest and oldest jeweler-focused insurers in the country, plans to lease a full floor of a new officer tower in downtown Raleigh, North Carolina, a move that will create about 200 jobs, according to …

Posted: Sep 19, 2024

Akur8’s core platform chosen by LWCC to advance predictive modelling

Reinsurance News

Akur8, an insurance pricing solution utilising transparent machine learning, has announced a new partnership with Louisiana Workers’ Compensation Corporation (LWCC). As Louisiana’s leading workers’ compensation provider, LWCC is commit...

Posted: Sep 19, 2024

Beyond Activity Monitoring

Insurance Thought Leadership

Beyond Activity Monitoring AI & Machine Learning ClareCarroll1

Posted: Sep 19, 2024

AI’s Impact on Emerging Risk Management Trends

Insurance Thought Leadership

AI’s Impact on Emerging Risk Management Trends Risk Management ClareCarroll1

Posted: Sep 19, 2024

RVS Roundtable: The market’s in a decent position, but it’s at that pivotal point

Reinsurance News

Reinsurance News held its second Monte Carlo Roundtable at the 66th Rendez-Vous de Septembre last week, during which six experienced reinsurance industry executives debated a range of topics including property and casualty market conditions, struc...

Posted: Sep 19, 2024

How AI and Automation Are Revolutionizing Claims

Insurance Thought Leadership

How AI and Automation Are Revolutionizing Claims AI & Machine Learning ClareCarroll1...

Posted: Sep 19, 2024

Unnamed Storm in Carolinas Caused $7 Billion in Damage, AccuWeather Says

Insurance Journal

The storm that swamped parts of the Carolinas this week wasn’t organized enough to be named but it still has caused $7 billion in damage, according to a preliminary estimate from AccuWeather. That was approaching the $9 billion in damage &#8230...

Posted: Sep 19, 2024

Ex-Google Executive’s Startup to Use AI to Forecast the Weather

Insurance Journal

A startup founded by a former Google executive aims to use artificial intelligence to improve weather forecasting, joining technology behemoths like Nvidia Corp. and Huawei Technologies Co. in an increasingly crowded field. Brightband has raised a $1...

Posted: Sep 19, 2024

KatRisk launches new SCS model amid rising losses

Reinsurance News

KatRisk, a global catastrophe modelling company, has launched a new Severe Convective Storm (SCS) model to tackle the increasing risks associated with these storms. With SCS events causing $70 billion in insured losses globally in 2023, KatRisk ai...

Posted: Sep 19, 2024

Allstate August cat load takes YTD losses to $3.67bn

Reinsurance News

Large US primary insurer Allstate has reported estimated catastrophe losses of $272 million ($215 million after-tax) for the month of August, taking total catastrophe losses for August year-to-date to $3.67 billion ($2.90 billion, after-tax). Cata...

Posted: Sep 19, 2024

Sir Charles Roxburgh Named Next Chair of Lloyd’s, Succeeding Carnegie-Brown

Insurance Journal

Lloyds of London, the re/insurance marketplace, announced that Sir Charles Roxburgh has been named its next chair, subject to regulatory approval. Sir Charles will take up the position on May 1, 2025, succeeding Bruce Carnegie-Brown after his eight-y...

Posted: Sep 19, 2024

HDI Global appoints Ahn as CEO, Hong Kong, Lau becomes Director, APAC Network

Reinsurance News

HDI Global SE Hong Kong, a subsidiary of industrial insurer HDI Global has appointed Michael Ahn as its Chief Executive Officer (CEO) effective November 1st, 2024. Simultaneously, Daniel Lau moves to a new role as Director, Asia Pacific Network. B...

Posted: Sep 19, 2024

Washington Metal Fabricator Faces Felony in $340K Workers’ Comp Scam

Insurance Journal

A Washington man who claimed he was too injured to work while operating a metal fabrication shop faces a felony charge in an alleged $340,000 workers’ compensation scam. Travis Lee Johnson, 52, of Spokane Valley, pleaded not guilty recently to...

Posted: Sep 19, 2024

Sir Charles Roxburgh named new Chair of Lloyd’s

Reinsurance News

Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has announced that Sir Charles Roxburgh KCB will become its next Chair, effective 1 May, 2025. Roxburgh will be succeeding Bruce Carnegie-Brown, who has held the position since 201...

Posted: Sep 19, 2024

US P/C mutual insurers demonstrate strength amid persistent challenges: AM Best

Reinsurance News

According to a recent report from AM Best, a credit rating agency specialising in the insurance industry, US property and casualty (P/C) mutual insurance companies have used investment income to help cushion the financial impact of weather-related...

Posted: Sep 19, 2024

Pivix announces official launch

coverager

Pivix will offer property and casualty coverages for targeted segments and products will be distributed exclusively through wholesale brokers.

Posted: Sep 19, 2024

Pineapple Financial launches Pineapple Insurance

coverager

Walsh will report to AIG Chairman & Chief Executive Officer, Peter Zaffino.

Posted: Sep 19, 2024

AIG Appoints Walsh EVP, Chief Financial Officer

Carrier Management

AIG Appoints Walsh EVP, Chief Financial Officer American International...

Posted: Sep 19, 2024

Exploding Pagers in Lebanon Spur Theories on Sabotage Method

Carrier Management

Exploding Pagers in Lebanon Spur Theories on Sabotage Method...

Posted: Sep 19, 2024

WHERE THERE’S SMOKE, THERE’S PROBABLY DAMAGE

Rough Notes

 That’s true, even if the fire is far away  [A] court in Oregon ordered an insurer to provide income coverage to an acting company that had to cancel performances because wildfire smoke had infested its theatre and was deemed hazardous to audience me...

Posted: Sep 19, 2024

Lockton secures regulatory approval for Colombian reinsurance operations

Reinsurance News

Privately held insurance brokerage firm Lockton has entered the Colombian reinsurance market as it has received regulatory approval to operate a reinsurance brokerage business in the country. The new venture is expected to bring numerous benefits...

Posted: Sep 19, 2024

Report: Over 250,000 US Properties Have Repeated NFIP Claims

Insurance Journal

More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data compiled by the National Resources Defense Council...

Posted: Sep 19, 2024

INSTANDA integrates life offering with Swiss Re’s underwriting platform, Magnum

Reinsurance News

INSTANDA, a no-code, digital platform for insurance carriers and managing general agents, has integrated its Life offering with reinsurance giant, Swiss Re’s automated underwriting platform, Magnum, enabling the creation of one ecosystem des...

Posted: Sep 19, 2024

Families of 3 Construction Workers Killed in Baltimore Bridge Collapse to Sue

Insurance Journal

Three families of immigrant construction workers killed when Baltimore’s Francis Scott Key Bridge collapsed after it was hit by the cargo ship Dali plan to challenge the attempt by the ship owner and operator to limit their liability for the &#...

Posted: Sep 19, 2024

Lockton Gets Regulatory Approval to Operate Reinsurance Brokerage in Colombia

Insurance Journal

Lockton, the Kansas City, Missouri-based insurance brokerage firm, announced it has received regulatory approval to operate a reinsurance brokerage business in Colombia. “Lockton’s continued growth in Latin America is bolstered by this ex...

Posted: Sep 19, 2024