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Insurance Business Magazine - US
Posted: Sep 13, 2024
Insurance Business Magazine - US
Posted: Sep 13, 2024
Warm Oceans Strengthened Hurricane Francine, Could Lead to More Powerful Storms Warm water in the Gulf...
Posted: Sep 13, 2024
Canada’s 2024 Wildfire Season Ranks Sixth Highest in Past 50 Years With summer drawing to a close in Canada,...
Posted: Sep 13, 2024
Texas is inching closer to adopting revised oil and gas waste management rules for the first time in four decades. The Railroad Commission of Texas announced the draft rule at its Aug. 15 meeting and is now soliciting public comment. …
Posted: Sep 13, 2024
JM Wilson, headquartered in Portage, Michigan, promoted several team members in its home office. Kristin Bolhuis was promoted to property and casualty manager. She works with carrier underwriters and independent insurance agents in Michigan and Texas...
Posted: Sep 13, 2024
DETROIT (AP) — Thousands of documents turned over by Michigan State University reveal nothing new about what the school might have known about years of sexual abuse committed by Larry Nassar, the campus doctor who assaulted female athletes, the state...
Posted: Sep 13, 2024
ST. LOUIS (AP) — The water level of the Mississippi River is unusually low for the third straight year, forcing barge companies to put limits on how much cargo they can carry and cutting into farm profits. It was just …
Posted: Sep 13, 2024
Cooler weather is aiding the fight against a large Southern California wildfire, one of three large fires in the region. The Bridge Fire exploded in size on Tuesday, forcing evacuations in the communities of Wrightwood and Pinion Hills. Authorities a...
Posted: Sep 13, 2024
French reinsurer SCOR has announced the appointment of Robert MacKenzie as Head of Life and Health (L&H) Canada, succeeding François Bernard, who is leaving to pursue other opportunities. MacKenzie is well-prepared for the role, bringing stron...
Posted: Sep 13, 2024
Property and auto-focused insurance group Progressive’s property business recognised favourable development of around $110 million in the month of August, with just over 60% relating to the May storms. If you recall, in June, the US primary...
Posted: Sep 13, 2024
One of the first brand partners to join Life360's new advertising platform is Uber.
Posted: Sep 13, 2024
RightCapital is a financial planning digital platform.
Posted: Sep 13, 2024
Venbrook Group, LLC, one of the largest independent insurance distribution and services firms in the US has expanded its Private Risk Practice with the opening of its new West Coast office, and the appointment of Christina Oakes as Executive Vice...
Posted: Sep 13, 2024
Microsoft Corp. said it’s building an alternative for cybersecurity companies that now utilize the deepest layer of its operating system after a flawed update from CrowdStrike Holdings Inc. triggered a global IT meltdown. The Redmond, Washingto...
Posted: Sep 13, 2024
Delaware Insurance Commissioner Trinidad Navarro won this week’s Democratic primary for the post, gaining more than 70% of the vote versus his rival, Kayode Abegunde. Navarro was first elected commissioner in 2016. He served for 20 years with t...
Posted: Sep 13, 2024
Swiss insurer Baloise is considering changes in its board of directors, Chairman Thomas von Planta said on Thursday after the company revealed plans to boost returns to shareholders. “We want to strengthen the insurance expertise on the board,&...
Posted: Sep 13, 2024
Ryan Specialty, an international specialty insurance firm, has announced the appointment of Tom Daniels as Managing Director of LifeScienceRisk International, based in London. LifeScienceRisk, part of Ryan Specialty Underwriting Managers, focuses...
Posted: Sep 13, 2024
Specialist salvage teams are set to renew efforts to remove a blazing oil tanker that’s been stuck in the Red Sea for over three weeks after it was attacked by Houthi militants, the European Union naval force in the region …
Posted: Sep 13, 2024
Outdated tech and AI innovations pose increasing risks for global businesses, while cyber concerns decline despite evolving threats, a Beazley report finds. The post
Posted: Sep 13, 2024
Warm water in the Atlantic Ocean and Gulf of Mexico can fuel powerful hurricanes, but how destructive a storm becomes isn’t just about the climate and weather – it also depends on the people and property in harm’s way. In …
Posted: Sep 13, 2024
Weather Risk Management Services (WRMS), the agriculture and climate risk management firm, is expanding its operation to key markets in Latin America as it works to bring climate resilience for sustainable growth within the region. The strategic e...
Posted: Sep 13, 2024
Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine of 441 million yuan ($62 million) over the firm’s audit of troubled property developer China Evergrande Group. D...
Posted: Sep 13, 2024
With both supply and demand for reinsurance coverage on the rise, Bermudian reinsurers expect property catastrophe reinsurance rates to be flat to mid-single-digit risk-adjusted decreases at the January 1st, 2025 renewals, according to analysts at...
Posted: Sep 13, 2024
Duffy Insurance Agency, based in Lynn, Massachusetts, has acquired The Cowan Insurance Agency of Haverhill, also in Essex County. The Cowan agency, founded in 1938, is a fourth generation family business now led by Stefanie (Cowan) Guillemette. The i...
Posted: Sep 13, 2024
Carbon Underwriting, an independent managing general underwriter, estimates nearly £400 million in gross written premiums (GWP) under management in 2025 from its Syndicate 4747 and its newly launched Syndicate 5757. The launch of Syndicate 5757, t...
Posted: Sep 13, 2024
The latest people news in the industry today. The post Todd Cormier Joins Alliant Insurance Services as Senior Vice President...
Posted: Sep 13, 2024
Zurich North America, the commercial property and casualty insurer, has promoted Arooran “Aroo” Sivasubramaniam to Head of Zurich Resilience Solutions (ZRS) for North America, effective immediately. In his new role, Sivasubramaniam wil...
Posted: Sep 13, 2024
Carlyle-owned claims management company Sedgwick said on Thursday it had secured an investment from private equity firm Altas Partners via a deal that valued it at $13.2 billion. The valuation is much higher than the $6.7 billion Sedgwick was worth &...
Posted: Sep 13, 2024
The latest people news in the industry today. The post Chris Mast Joins Alliant Insurance Services as Se...
Posted: Sep 13, 2024
Tokio Marine Kiln (TMK), the international specialist insurer, announced the formation of a new Specialty Reinsurance division to support the company’s growth ambitions in the sector. The new division will be led by Phil Taylor who will be appo...
Posted: Sep 13, 2024
According to AM Best, domestic and international reinsurers will bear the bulk of losses caused by Typhoon Yagi on Vietnam insurance companies, which can further result in reinsurers’ appetite for regional catastrophe risks being tested at the upc...
Posted: Sep 13, 2024
The latest people news in the industry today. The post Nick Williams-Walker Appointed as Group Chief Operating Of...
Posted: Sep 13, 2024
The Bermuda Monetary Authority (BMA), the island’s regulatory body for financial services, has released its annual Bermuda Cyber Underwriting Report, showcasing a significant 63.7% increase in cyber insurance gross written premiums, which re...
Posted: Sep 13, 2024
The latest people news in the industry today. The post John Nahas Named Lockton’s Vice President of Cyber & Technology appea...
Posted: Sep 13, 2024
Concirrus, a provider of AI-powered marine insurance intelligence, has partnered with Hellenic Hull Management (HMA) to improve and streamline HMA’s underwriting operations. The marine insurance industry faces challenges in modernising its practic...
Posted: Sep 13, 2024