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Cyber Attacks on U.S. Utilities Surged 70% This Year, Says Research Firm U.S. utilities fac...
Posted: Sep 12, 2024
Baloise has outlined a new strategy that includes boosting return on equity, cutting jobs and considering share buybacks.
Posted: Sep 12, 2024
Foresters coverage is available in all states except New York.
Posted: Sep 12, 2024
The reciprocal reported a net underwriting loss of $44 million.
Posted: Sep 12, 2024
Concerns Over Sharing of Connected Vehicles’ Collected Traffic, Road Hazard Data The secret to avoiding...
Posted: Sep 12, 2024
The Top 4 Critical Areas Impacting the Employee Experience A new study focuses on how pivotal...
Posted: Sep 12, 2024
Lockton, based in Kansas City, Missouri, hired benefits consultant Chad Young as senior vice president based in its Houston office. Young previously served as an account executive at Aetna and held senior account executive roles at Assurant and The H...
Posted: Sep 12, 2024
JM Wilson, headquartered in Portage, Michigan, hired Savana Musolf and Lisa Hudson as assistant property and casualty underwriters. Musolf works with independent insurance agents and company underwriters in Michigan and Texas. Before joining JM Wilso...
Posted: Sep 12, 2024
Amid economic headwinds and shifting risks, U.S. insurers face diverging credit rating trends across key market segment, AM Best reports. The post U.S....
Posted: Sep 12, 2024
Sentry Insurance said it is buying nonstandard auto insurer The General from American Family Insurance for about $1.7 billion to mark the largest acquisition in the company’s 120-year history. Sentry will pay $1.1 billion in cash and assume lia...
Posted: Sep 12, 2024
Parametric insurtech CelsiusPro and Tower, a New Zealand and Pacific insurer, have successfully launched the previously announced IT platform for parametric insurance distribution for Tower, beginning with its Cyclone Response Cover in the Pacific...
Posted: Sep 12, 2024
A Florida home inspector allegedly used the same stock photographs in more than 200 home and wind-mitigation inspections, costing Citizens Property Insurance Corp. more than $88,000, the state Department of Financial Services said after the man was a...
Posted: Sep 12, 2024
Francine knocked out power to nearly half a million homes and businesses and canceled hundreds of flights across the US South after coming ashore as a hurricane. The storm has weakened to a tropical depression with winds of 35 miles …
Posted: Sep 12, 2024
Francine knocked out power to nearly half a million homes and businesses and canceled hundreds of flights across the US South after coming ashore as a hurricane. The storm has weakened to a tropical depression with winds of 35 miles …
Posted: Sep 12, 2024
Davies, the specialist in professional services and technology, has appointed Paul O’Brien as its first Group Chief Artificial Intelligence (AI) Officer. This appointment comes as the firm makes significant investments to leverage innovation and c...
Posted: Sep 12, 2024
Independent insurance broker The Ardonagh Group, has hired renowned industry veteran Mark Mitchell to support the expansion of its business operations in Asia. Based in Singapore, Mitchell will work with Ardonagh’s businesses in the region –...
Posted: Sep 12, 2024
Insurance Business Magazine - US
Posted: Sep 12, 2024
The top EU privacy regulator opened an inquiry on Thursday into whether search engine giant Google adequately protected European Union users’ personal data before using it to help develop its foundational AI Model. Ireland’s Data Protecti...
Posted: Sep 12, 2024
Core Specialty Insurance Holdings and its subsidiaries have announced the expansion of its surety offerings by entering the contract surety market. The firm’s new Surety division, part of its Bond, Credit & Guarantee subsegment, was establishe...
Posted: Sep 12, 2024
New Mexico’s attorney general has filed a lawsuit against the company behind Snapchat, alleging that site’s design and policies foster the sharing of child sexual abuse material and facilitate child sexual exploitation. Attorney General R...
Posted: Sep 12, 2024
Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial insurance market as its current processes for dealing with bad behavior could be “unclear.” The Lloyd’s of London...
Posted: Sep 12, 2024
French reinsurer SCOR has announced that after nine years of service as Chief Executive Officer (CEO) of SCOR Life and Health (L&H), US and 40 years working in the industry, J.C. Brueckner has decided to retire at the end of this year. Brock R...
Posted: Sep 12, 2024
Firefighters battling three major wildfires in the mountains east of Los Angeles took advantage of cooler weather Wednesday as they slowly gained the upper hand, but not before dozens of homes were destroyed and thousands of people were forced to ...
Posted: Sep 12, 2024
For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S direct written premiums (DWP) grew 15% last year to increase its share of the total property/casualty market to 9%, acco...
Posted: Sep 12, 2024
Lehigh Valley Health Network has agreed to a $65 million settlement of a class action with patients and employees affected by a 2023 ransomware attack that exposed personal and medical information including nude photos of patients. Every settlement c...
Posted: Sep 12, 2024
Lehigh Valley Health Network has agreed to a $65 million settlement of a class action with patients and employees affected by a 2023 ransomware attack that exposed personal and medical information including nude photos of patients. Every settlement c...
Posted: Sep 12, 2024
EverPeak Insurance, a workers’ compensation insurer that specializes in hard-to-place industries and small businesses, has recently expanded into South Carolina. Vice President and Chief Operating Officer Vlad Stojanovic said the move will help...
Posted: Sep 12, 2024
PURE Insurance, a US-based property and casualty insurer, is expanding into Canada with a new office in Toronto that will begin offering its unique reciprocal model to high-net-worth homeowners in Ontario. PURE will provide coverage for affluent h...
Posted: Sep 12, 2024
With summer drawing to a close in Canada, the 2024 wildfire season is shaping up as one of the most destructive on record, largely due to the devastation caused by a blaze that ripped through a tourist town in the …
Posted: Sep 12, 2024
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, is planning to introduce a series of changes to modernise and streamline how it addresses misconduct and problematic behaviours in the market, including both financial and no...
Posted: Sep 12, 2024
The company is now available in 13 states.
Posted: Sep 12, 2024
Toxic Debris From Hawaii Wildfire Could Fill 5 Football Fields 5 Stories Deep Hinano Rodrigues remembers bein...
Posted: Sep 12, 2024
U.S. Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Rep...
Posted: Sep 12, 2024
In Latest Salvo AIG Says Its Former Execs at Dellwood Are ‘Bad...
Posted: Sep 12, 2024
Hurricane Francine Weakens After Slamming Into Louisiana Hurricane Francine weakened after slamming into the c...
Posted: Sep 12, 2024
Mastercard Inc. agreed to buy cyber-defense firm Recorded Future for $2.65 billion to boost its ability to protect the card company’s massive global-payments system. The purchase from private equity firm Insight Partners will expand Mastercard&...
Posted: Sep 12, 2024
Moody’s Ratings has revised its outlook for the UK property & casualty (P&C) sector to stable from negative, which the agency attributes towards P&C personal lines cover, such as motor insurance, rising sufficiently to absorb cla...
Posted: Sep 12, 2024
Global insurance broker WTW has appointed Adrian Ruiz as Head of FINEX GB Cyber & TMT, succeeding Glyn Thoms, who will assume the newly created role of Global Cyber Strategic Development Leader. In his new position, Ruiz will report to Marcus...
Posted: Sep 12, 2024
Gallagher has launched a new business in Bermuda to provide specialty insurance solutions, aiming to expand its presence and capitalise on growth opportunities. Gallagher already has a strong client base in Bermuda, alongside its treaty reinsuranc...
Posted: Sep 12, 2024