All Posts

DraftKings Sued by MLB Players Union for Using Names, Images

Insurance Journal

Sports-betting platform DraftKings Inc. has been using names and images of Major League Baseball players without permission and in violation of Pennsylvania law, their union alleged in a lawsuit. Boston-based DraftKings and another popular betting si...

Posted: Sep 17, 2024

J&J Gets $260 Million Talc Verdict Overturned, New Trial Ordered

Insurance Journal

An Oregon judge has overturned a $260 million verdict against Johnson & Johnson in a lawsuit brought by a woman who said she got mesothelioma, a deadly cancer linked to asbestos exposure, from inhaling the company’s talc powder, the company...

Posted: Sep 17, 2024

Two Former New York Fire Chiefs Face Bribery Charges Tied to Safety Inspections

Insurance Journal

Two former chiefs of the New York City Fire Department (FDNY) have been charged with bribery and corruption for allegedly expediting access to fire safety inspections for preferred customers in exchange for payments. Anthony Saccavino and Brian Corda...

Posted: Sep 17, 2024

Real Estate Firm’s D&O Not Available for Defense in RealPage Antitrust Lawsuit

Insurance Journal

A property management firm’s excess insurers are not obligated to defend it in multi-district price-fixing litigation involving use of the real estate software RealPage. A federal district judge in Massachusetts found that the terms of Windsor...

Posted: Sep 17, 2024

Civil Trial Begins Into Sexual Abuse Claims by Ex-Patients at Virginia Children’s Hospital

Insurance Journal

Testimony has begun in a civil trial against a Virginia hospital that treats vulnerable children, its owner and its former medical director in a lawsuit filed by three former patients who allege they were touched inappropriately during physical exams...

Posted: Sep 17, 2024

Driver Charged With Killing Gaudreau Brothers Had Alcohol Level Above Limit: Prosecutor

Insurance Journal

The driver charged with killing NHL hockey player Johnny Gaudreau and his brother Matthew as they bicycled on a rural road had a blood-alcohol level of .087, above the .08 legal limit in New Jersey, a prosecutor said Friday. Gaudreau, …

Posted: Sep 17, 2024

Driver Charged With Killing Gaudreau Brothers Was Illegally Drunk: Prosecutor

Insurance Journal

The driver charged with killing NHL hockey player Johnny Gaudreau and his brother Matthew as they bicycled on a rural road had a blood-alcohol level of .087, above the .08 legal limit in New Jersey, a prosecutor said Friday. Gaudreau, …

Posted: Sep 17, 2024

Driver Charged With Killing Gaudreau Brothers Was Drunk: Prosecutor

Insurance Journal

The driver charged with killing NHL hockey player Johnny Gaudreau and his brother Matthew as they bicycled on a rural road had a blood-alcohol level of .087, above the .08 legal limit in New Jersey, a prosecutor said Friday. Gaudreau, …

Posted: Sep 17, 2024

People Moves: Aspire in California Names Rea Chief Technology Officer

Insurance Journal

Aspire General Insurance hired Sam Rea as its chief technology officer. Rea has more than 20 years of experience leading IT organizations in the insurance industry. Before joining Aspire, Rea was CTO for the Peak6 InsurTech portfolio of companies for...

Posted: Sep 17, 2024

CrowdStrike event reveals opportunity for non-malicious cyber coverage: Broadstone

Reinsurance News

Broadstone’s latest Insurance Risk Monitor suggests that the CrowdStrike event challenges the cyber insurance market’s conventional focus on malicious actors, highlighting an opportunity to offer more comprehensive coverage for non-mal...

Posted: Sep 17, 2024

Financial Services Sector Faces Heightened Cyber Threats

Risk & Insurance

Sophisticated threat actors are increasingly targeting the financial services industry with ransomware attacks and data extortion tactics, despite heightened security investments. The post

Posted: Sep 16, 2024

Modernizing Insurance Sales with the SelectsysTech RQB Platform

Insurance Journal

This post is part of a series sponsored by Selectsys. In the realm of insurance, outdated legacy rating platforms and reliance on Excel-based systems create significant hurdles for carriers and MGAs. These challenges often manifest in restricted data...

Posted: Sep 16, 2024

How Personalization Creates Engagement for a World-Class Producer Experience

Insurance Journal

This post is part of a series sponsored by AgentSync. If there’s one area where insurance agencies and carriers can stand out, it’s in the quality of the producer experience they offer. After all, compensation tends to be standardized; be...

Posted: Sep 16, 2024

Moneyview acquires Jify

coverager

Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview is backed by investors including Apis Partners, Tiger Global, Accel Partners, and Ribbit.

Posted: Sep 16, 2024

NeuralMetrics Introduces Autonomous AI Assistants to Modernize Commercial Underwriting

IIR

GIA and ARKUS are role-based, task-oriented, self-learning AI assistants within the NeuralMetrics Smart Adaptive Multifunctional Assistant (SAMA) platform.

Posted: Sep 16, 2024

BriteCore New Product Features Give Mid-Tier Clients a Competitive Edge

IIR

The new features designed to streamline operations, improve decision-making, and elevate user experience, include GenAI for analytics, enhanced mobile app experience and multi-brand document support.

Posted: Sep 16, 2024

Nayya secures investment from Workday Ventures

coverager

This undisclosed funding will help Nayya enhance its tools to simplify the process of selecting and managing benefits, enabling employees to make more informed decisions.

Posted: Sep 16, 2024

Embrace Pet Insurance partners with AVMF

coverager

The two announced a new scholarship program for future shelter veterinarians.

Posted: Sep 16, 2024

Cyber insurance wholesaler raises $5 million

coverager

It also appointed Cole Knuth as CEO and Gene Stevens as CTO.

Posted: Sep 16, 2024

MassMutual partners with SUBSCRIBE

coverager

SUBSCRIBE provides a digital platform that streamlines and modernizes the management of alternative investments.

Posted: Sep 16, 2024

MassMutual Index: Financial strain leading many to choose childfree lives

coverager

23% of American Millennials and Gen Z without children say that they don’t plan to become a parent in the future.

Posted: Sep 16, 2024

Everest Insurance announces new brand

coverager

Everest Evolution™ is a brand dedicated to serving U.S. wholesale customers in the expanding Excess & Surplus lines market.

Posted: Sep 16, 2024

Mitchell launches ServiceLink

coverager

Founded in 2014 by Puneet Agarwal and Sanjay Aggarwal, Moneyview is backed by investors including Apis Partners, Tiger Global, Accel Partners, and Ribbit.

Posted: Sep 16, 2024

In The Line of Fire: Key Insights from the 2024 CoreLogic® Wildfire Risk Report

Insurance Journal

This post is part of a series sponsored by CoreLogic. August 8, 2024, marked one year since the Lahaina Fires in Maui, which scorched approximately 6,500 acres and destroyed over 2,200 structures, leaving the Lahaina community devastated. While this...

Posted: Sep 16, 2024

California Commissioner Issuing Moratorium on Cancellations for Those Affected by Wildfires

Insurance Journal

California Insurance Commissioner Ricardo Lara has identified areas in the vicinity of the several ongoing large wildfires in the state that will be protected by a one-year moratorium on homeowners insurance non-renewal or cancellation due to wildfir...

Posted: Sep 16, 2024

California Commissioner Issuing Moratorium on Cancellations for Wildfire Victims

Insurance Journal

California Insurance Commissioner Ricardo Lara has identified areas in the vicinity of the several ongoing large wildfires in the state that will be protected by a one-year moratorium on homeowners insurance non-renewal or cancellation due to wildfir...

Posted: Sep 16, 2024

Everest launches operations in Colombia

coverager

Everest’s Bogotá office will provide a bespoke range of insurance products and risk solutions for key sectors including property, casualty, energy and financial lines.

Posted: Sep 16, 2024

Double-Digit U.S. Casualty Reinsurance Price Hikes Forecast

Carrier Management

Double-Digit U.S. Casualty Reinsurance Price Hikes Forec...

Posted: Sep 16, 2024

U.S. Records Fourth Hottest Summer Ever

Carrier Management

U.S. Records Fourth Hottest Summer Ever A warmer than average August wrapped up an extremely hot s...

Posted: Sep 16, 2024

California Legislation Brings Harsher Penalties for Smash-and-Grab Robberies

Carrier Management

California Legislation Brings Harsher Penalties for Smash-and-Grab Robberies California Gov. Gavin News...

Posted: Sep 16, 2024

Report: Bump in Federal Trade Secret Litigation Seen in 2023

Carrier Management

Report: Bump in Federal Trade Secret Litigation Seen in 2023 Analytics from Lex Machina 2024...

Posted: Sep 16, 2024

Workers’ Comp Profits May Decline, Fitch Reports

Risk & Insurance

Fitch Ratings report suggests workers' comp insurance may see declining reserve strength after nine years of underwriting profits. The post Workers&#8217...

Posted: Sep 16, 2024

Hurricane Francine Insured Losses to Be Manageable With New Orleans Miss

Insurance Journal

Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst of the storm’s damage. Privately insured loss from Hurricane Francine are estimated to be close to...

Posted: Sep 16, 2024

McGowan Owner Jackson Takes Reins as Big ‘I’ Chairman

Insurance Journal

Todd Jackson, owner and partner of McGowan Insurance Group, has been named chairman of the Independent Insurance Agents & Brokers of America (the Big “I”). Jackson was installed as the 2024-2025 chairman of the industry group at its f...

Posted: Sep 16, 2024

Fitch expects reinsurers to seek double-digit US casualty rate rises at Jan 1

Reinsurance News

Fitch Ratings, the credit rating agency, has reported that reinsurers will likely push for double-digit increases in US casualty premium rates during policy renewals in January 2025, as companies look to keep pace with elevated loss costs. This ad...

Posted: Sep 16, 2024

Reinsurance Outlook to ‘Neutral’; US to Push for Double-Digit Casualty Increases

Insurance Journal

Fitch Ratings said reinsurers are likely to push for double-digit U.S. casualty rate increases during January renewals to keep up with loss trends from social inflation. The rating agency in a new report changed its outlook of the global reinsurance...

Posted: Sep 16, 2024

Anthony Lamb promoted to Global Underwriting Manager, Marine, AXA XL

Reinsurance News

AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has promoted Anthony Lamb to Global Underwriting Manager, Marine, as part of the firm’s Global Chief Underwriting Office. An experienced veteran...

Posted: Sep 16, 2024

Hawaii Probe Finds No Single Factor Led to Maui Wildfire Losses

Insurance Journal

No single factor led a fire in the seaside Hawaiian town of Lahaina last year to rage out of control and kill 102 people, according to a state report that assesses the government’s response to the disaster but not its …

Posted: Sep 16, 2024