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Insurance Business Magazine - US
Posted: Sep 18, 2024
Maine State Leaders Consider Public Flood Insurance State leaders tasked with reviewing Maine's...
Posted: Sep 18, 2024
Insurance technology provider Zywave said Martin Simoncic is its new chief executive officer and Christian G. Kasper has joined as chief financial officer. Simoncic most recently served as president of PROS Holdings, a software-as-a-service (SaaS) so...
Posted: Sep 18, 2024
U.S. private market insured losses from Hurricane Francine are estimated to not exceed $2 billion, Moody’s RMS Event Response team said. Losses to the National Flood Insurance Program from the hurricane are estimated to be less than $200 millio...
Posted: Sep 18, 2024
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Texas Farm Bureau Casualty Insuranc...
Posted: Sep 18, 2024
The synchronicity and success of the State of Ohio’s efforts to recruit and educate new risk management and insurance talent is worth emulating. The post
Posted: Sep 18, 2024
Moody’s Ratings has upgraded the insurance financial strength rating (IFSR) of Zurich Insurance Company (ZIC), the main insurance arm of Zurich Group, from Aa3 to Aa2. Additionally, Moody’s has raised Zurich Group’s long-term debt ratings by one n...
Posted: Sep 18, 2024
BISMARCK, N.D. (AP) — A federal judge in North Dakota has temporarily blocked a new Biden administration rule aimed at reducing the venting and flaring of natural gas at oil wells. “At this preliminary stage, the plaintiffs have shown they R...
Posted: Sep 18, 2024
BISMARCK, N.D. (AP) — A federal judge in North Dakota has temporarily blocked a new Biden administration rule aimed at reducing the venting and flaring of natural gas at oil wells. “At this preliminary stage, the plaintiffs have shown they R...
Posted: Sep 18, 2024
A Wisconsin animal food producer exposed employees to the risks of explosions, fires and long-term respiratory illnesses from excessive amounts of airborne dust, federal workplace inspectors found. The findings follow an inspection by the U.S. Depart...
Posted: Sep 18, 2024
The US sued the owner and the operator of a Singapore-flagged ship that rammed into a Baltimore bridge in March, the most aggressive action to date in response to a disaster that killed six workers and threw the region’s transportation …
Posted: Sep 18, 2024
A fire on an Energy Transfer LP natural gas liquids pipeline near Houston was caused by an SUV crashing through the fence of a Walmart store and into an above-ground valve to the line, local officials said. Preliminary reports indicate …
Posted: Sep 18, 2024
Global property and casualty insurer Chubb has announced the appointment of Ben McGregor as Head of Property & Terrorism, UK and Ireland. In his new role, he will be responsible for leading, managing and developing the Property and Terrorism p...
Posted: Sep 18, 2024
Luxury eyewear company Ormesani Srl also participated in the transaction.
Posted: Sep 18, 2024
Middle-market businesses will now be able to secure $5 million in primary and excess limits on Cowbell’s Prime 250 cyber and Prime Tech E&O products.
Posted: Sep 18, 2024
BlackCloak is a cybersecurity company for executives, high-net worth individuals, and family offices.
Posted: Sep 18, 2024
The consideration for the sale will result in cash proceeds of £1.16 billion.
Posted: Sep 18, 2024
Clients can pass on longevity risk by converting uncertain future pension or annuity payments into a fixed cash flow stream, locking in mortality assumptions and a fee at inception.
Posted: Sep 18, 2024
The new unit will be led by Rebecca Molosky.
Posted: Sep 18, 2024
Insurance Business Magazine - US
Posted: Sep 18, 2024
Insurance Business Magazine - US
Posted: Sep 18, 2024
Insurance Business Magazine - US
Posted: Sep 18, 2024
HDI Global Insurance Company, the US branch of the global commercial insurer HDI Global SE, has launched a new Inland Marine unit as part of its expansion of specialty products and services in the region. Rebecca Molosky will head the Inland Marin...
Posted: Sep 18, 2024
According to credit rating agency AM Best, the US surplus lines market surpassed the $100 billion threshold for the first time in 2023 for direct premiums written (DPW), reaching a record figure of $115.6 billion. In a new report, the agency state...
Posted: Sep 18, 2024
NEW ORLEANS (AP) — A federal appeals court has refused Monday to revive a defamation lawsuit that former NFL quarterback Brett Favre filed against a fellow Pro Football Hall of Fame member — former tight end Shannon Sharpe. Favre filed …
Posted: Sep 18, 2024
Hannah Whyte is one of thousands of Californians who have struggled to insure their property in the event of wildfire. Her 77-acre farm nestled deep in a wildfire-vulnerable forest lost its coverage from State Farm after the mountainous region burned...
Posted: Sep 18, 2024
Mosaic Insurance now offers customised tailor-made global terrorism and sabotage coverage specifically designed for fine art and specie insureds, with syndicated capacity reaching up to $215 million per risk. Offering coverage for museums, exhibit...
Posted: Sep 18, 2024
Kita, a carbon insurance specialist and Lloyds of London Coverholder, has announced the expansion of its insurance services to support Marex Group Plc’s investment in the Global Mangrove Trust’s (GMT) mangrove restoration project in North Su...
Posted: Sep 18, 2024
Global insurance broker WTW has expanded its Radar software, an insurance rating solution, to enable real-time execution of Python. Radar’s ability to deploy Python in real-time will deliver advantages throughout the insurance process, impac...
Posted: Sep 18, 2024
QBE Europe has announced the promotion of Glenn McCubbin to the new role of Head of Global Network and Multinational Technical Underwriting. McCubbin has been part of QBE Europe for over six years, having joined the company in 2018 as a Multinatio...
Posted: Sep 18, 2024
Duncan Dale, founder and Chief Executive Officer (CEO) of Dale Underwriting Partners, told Reinsurance News that rating is adequate in most of the lines the specialist re/insurance provider operates in, with little room to go backwards as the carr...
Posted: Sep 18, 2024
California Commissioner, Cal Poly Humboldt Working on Public Wildfire Model California Insurance Co...
Posted: Sep 18, 2024
Flooding in Central Europe Could Cause Billions in Economic Losses, An...
Posted: Sep 18, 2024
U.S. Property Insurance Rates Fall for First Time Since 2017 U.S. property insurance rates ar...
Posted: Sep 18, 2024
D&O Market in ‘State of Transition’ on Litigation Trends: Woodruff Sawyer It looks like the market fo...
Posted: Sep 18, 2024
Alabama’s wind-mitigation grant program has resulted in 50,000 fortified homes over the last decade, outpacing most other coastal states that offer similar programs. The Alabama Department of Insurance announced the milestone this week, giving...
Posted: Sep 18, 2024
Specialist financial and commercial lines managing general agent (MGA), Spring Insure, has secured significant new and enhanced A-rated capacity across all its existing product lines following an agreement with hybrid fronting insurer, Bridgehaven...
Posted: Sep 18, 2024
Tech behemoth Oracle has agreed to settle a class action lawsuit for $115 million over allegations that it tracked consumer activity both on and offline. The suit alleges Oracle captured, compiled, and sold individuals’ data to third parties wi...
Posted: Sep 18, 2024