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vipHomeLink Partners with Whisker Labs to Offer Ting to Carriers

IIR

The companies will offer the Ting electrical fire safety sensor and service through vipHomeLink’s homeowner engagement and prevention platform, to insurance carriers and their policyholders.

Posted: Sep 03, 2024

4 Ways to Get High-Quality Referrals From Your Customers

IA Magazine

If your customers are happy with your agency, why aren’t they referring more people?

Posted: Sep 03, 2024

Big ‘I’ Expands Trusted Choice® Hard Market Toolkit

IA Magazine

The newly expanded resource—which builds upon the toolkit first published in July 2023—covers a wide range of updates and strategies for negotiating the challenges posed by the hard market.

Posted: Sep 03, 2024

How Telematics Can Keep Fleets Safe, Insurers Happy

Insurance Thought Leadership

How Telematics Can Keep Fleets Safe, Insurers Happy ITL Editorial Team

Posted: Sep 03, 2024

AAA: Driving Habits Stabilize Since Pandemic, But Older Cars Pose Safety Issues

Carrier Management

AAA: Driving Habits Stabilize Since Pandemic, But Older Cars Pose Safety Issues The results of th...

Posted: Sep 03, 2024

Sad fate for driver and passenger

Rough Notes

INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS Sad fate for driver and passenger A motor vehicle accident occurred on November 4, 2015, that involved Fendol Carruthers Jr. and Donna Powers. Carruthers was ch...

Posted: Sep 03, 2024

No stacking allowed

Rough Notes

INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS No stacking allowed On December 5, 2018, shortly before 9 p.m., Mark Kuhn was driving a school bus carrying the Normal West High School junior varsity girls’ ba...

Posted: Sep 03, 2024

No attorney fees for tornado victim

Rough Notes

INSURANCE-RELATED COURT CASES Digested from case reports published online COURT DECISIONS No attorney fees for tornado victim On May 25, 2019, after a tornado damaged the home of Mario Rodriguez, his homeowners insurer, Safeco Insurance Company of In...

Posted: Sep 03, 2024

Everything You Need To Know Won’t Qualify For CE Credit

Rough Notes

Learn everything you need to know, not the bare minimum “[S]oft skills” are often the hardest to learn, and the most important to possess, when working in an independent insurance agency. By Cheryl Koch, CPCU, ARM, AAI, ACSR, AFIS, and Mary Belka, CP...

Posted: Sep 03, 2024

Tell us what you want, what you really, really want

Rough Notes

Lead with clarity and others will want to accompany you on the journey [I]f you adjust your strategies and behaviors, you can achieve the clarity you need to change course and achieve excellence. By Brent Kelly When you ask agency leaders about their...

Posted: Sep 03, 2024

The Power of Giving Back

Rough Notes

A Strategy TO DRIVE YOUR AGENCY FORWARD “Giving back” is a win-win for everyone While it is obvious that charitable giving and philanthropic involvement foster positive feelings, … [they also] cultivate an enhanced corporate reputation overall, espec...

Posted: Sep 03, 2024

FLIP THE SCRIPT: UNLOCKING THE POWER OF REVERSE MENTORSHIP

Rough Notes

Harness the diverse strengths that each generation brings to the table [A] reverse mentorship program is not just about guidance; it’s about creating a dynamic exchange of knowledge that benefits everyone involved. By Carolyn Smith, APR, TRA During a...

Posted: Sep 03, 2024

FROM BUDDY TO BOSS

Rough Notes

How shifting dynamics can create space for a new and thriving relationship [T]he relationships you have with those “who knew you when” can be some of the most validating when we’re questioning our worthiness for our current role … . By Meg McKeen, CI...

Posted: Sep 03, 2024

YOUR BUSINESS IS NOT A COMMODITY

Rough Notes

Don’t shortchange yourself and your fellow shareholders by buying into a myth The serial acquirers of insurance brokers have often worked on hundreds of merger and acquisition (M&A) transactions while an owner is likely to have never completed or...

Posted: Sep 03, 2024

Catastrophe Bond Market Exceeds Records, Reaches $45.6B in Capital

Risk & Insurance

CAT bond market sets records with $12.2 billion in new transactions and $45.6 billion in outstanding capital, according to Aon's ILS Annual Report. The post

Posted: Sep 03, 2024

8 Questions for SnapRISK Founder and CEO Kristin Carrington

Risk & Insurance

“We have from one to 50 different insurers utilizing the data we gather. We want our clients, the insureds, to walk into their market meetings every year armed with this data to present to the markets.” The post

Posted: Sep 03, 2024

Maui Judge Agrees to Seek State Supreme Court Insight Into Ruling Limiting Insurers’ Subrogation Rig...

Carrier Management

Maui Judge Agrees to Seek State Supreme Court Insight Into Ruling Limiting Insurers’ Subrogation Rights...

Posted: Sep 03, 2024

Canada’s 10 Worst Natural Disasters Totaled $30B in Annual Insured Losses

Carrier Management

Canada’s 10 Worst Natural Disasters Totaled $30B in Annual Insure...

Posted: Sep 03, 2024

Report: P&C Insurers to Play a Critical Role in Pioneering Ethical AI

Carrier Management

Report: P&C Insurers to Play a Critical Role in Pioneering E...

Posted: Sep 03, 2024

Michigan’s Conifer Holdings Sells Insurance Agency Operations

Insurance Journal

Conifer Holdings announced that it completed the sale of its insurance agency operations for consideration equal to $45 million (subject to transaction expenses and customary purchase price adjustments), plus possible additional earn-out payments of...

Posted: Sep 03, 2024

Oklahoma Manufacturer Sued For Firing Employees Over COVID Vaccine Exemptions

Insurance Journal

AG Equipment Company, a Broken Arrow, Oklahoma compressor packaging manufacturer, violated federal law when it fired 10 employees for failing to receive a COVID-19 vaccination because of their religious beliefs or medical restrictions, the U.S. Equal...

Posted: Sep 03, 2024

Bus Crash Involving Abilene Christian Football Team Injures 4

Insurance Journal

Four people were injured after a bus carrying the Abilene Christian University football team was involved in a crash with another vehicle in Lubbock, Texas, on Saturday night. One player, two coaches, and the bus driver were taken to University &#823...

Posted: Sep 03, 2024

Tornadic Winds Derail 43 Train Cars in North Dakota

Insurance Journal

STEELE, N.D. (AP) — Tornadic winds knocked nearly four dozen train cars off a track in North Dakota, part of a storm system that spurred reports of five tornadoes across the Dakotas. BNSF Railway spokesperson Kendall Sloan said a train …

Posted: Sep 03, 2024

Michigan Court: Businesses Can’t Get State Compensation Over Pandemic Closures

Insurance Journal

DETROIT (AP) — The Michigan Supreme Court on Friday shut the door on businesses seeking to be paid by the state for restrictions that harmed sales during the COVID-19 pandemic. The court, in a pair of 5-2 orders, let stand …

Posted: Sep 03, 2024

People Moves: AXIS Names White as Head of Aviation, Succeeding Wood; Lockton Re Names Lynn for New A...

Insurance Journal

This edition of International People Moves details appointments at AXIS Capital Holdings and Lockton Re. A summary of these new hires follows here. AXIS Names White as Head of Aviation, Succeeding Wood AXIS Capital Holdings Ltd., the Bermuda-based re...

Posted: Sep 03, 2024

Investigation Underway After Bleacher Collapse at Texas Rodeo Injures 12 People

Insurance Journal

Authorities are investigating the weekend collapse of a portion of bleachers at a rodeo arena in Texas, injuring 12 people near San Antonio. Emergency responders arrived at the rodeo arena shortly after 9 p.m. Saturday in Boerne, about 30 miles &#823...

Posted: Sep 03, 2024

NHTSA Reports 28th Takata Air Bag Inflator Death Since 2009

Insurance Journal

The National Highway Traffic Safety Administration said on Tuesday it had confirmed the 28th death in the United States stemming from a defective Takata air bag inflator since 2009. The issue has prompted the largest-ever recall in U.S. history. Over...

Posted: Sep 03, 2024

Resilience names Jones SVP of Engineering and Gittler Global Head of Claims

Reinsurance News

Cyber risk solutions company Resilience, has announced the appointment of Rebecca Jones as Senior Vice President of Engineering and Jeremy Gittler as Global Head of Claims. “As we continue to invest in our business, we are thrilled to bring senior...

Posted: Sep 03, 2024

Bishop Street Underwriters announces joint venture with Skyward Specialty

coverager

The joint venture will accelerate Bishop Street’s ability to strengthen MGAs.

Posted: Sep 03, 2024

Cambridge Mobile Telematics Earns Frost & Sullivan’s 2024 Market Leadership Award for Leading Innova...

coverager

Cambridge Mobile Telematics’s highly advanced and customer-focused platform delivers superior risk management and streamlined claims processes, redefining telematics insurance and the future of mobility. September 3, 2024, San Antonio, TX,...

Posted: Sep 03, 2024

FCCI Insurance Group introduces FCCI Specialty Insurance Company

coverager

FCCI has $3 billion in assets.

Posted: Sep 03, 2024

BuddyID partners with Pets Best

coverager

Th collaboration will provide BuddyID members with exclusive discounts.

Posted: Sep 03, 2024

PruVen Capital closes new fund

coverager

Ethos P&C generated approximately $11 million of operating revenue for the 12 months ended June 30, 2024.

Posted: Sep 03, 2024

Conifer sells insurance agency operations

coverager

In connection with the transactions, Nick Petcoff resigned as the Chief Executive Officer.

Posted: Sep 03, 2024

Ryan Specialty to acquire Ethos Specialty’s P&C MGUs from Ascot

Reinsurance News

Ryan Specialty has signed a definitive agreement to acquire the property & casualty (P&C) MGUs owned by Ethos Specialty Insurance, LLC (Ethos P&C) from Ascot Group Limited, with the acquisition expected to close during September 2024....

Posted: Sep 03, 2024

Global Non-Life Reinsurer’s Profits to Peak in 2024: Fitch Ratings

Insurance Journal

Fitch Ratings published midyear underwriting results for 19 non-life reinsurers, finding that the group’s average first-half 2024 combined ratio was 84.2, and forecasting continued profits for the rest of 2024 and 2025 also. But while reinsurer...

Posted: Sep 03, 2024

ABIR member companies report record GWP of $171bn in 2023

Reinsurance News

Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) reported record gross written premium of over $171 billion in 2023, up from the $145 billion figure that was reported in 2022. These figures stem from ABIR’s global unde...

Posted: Sep 03, 2024

Ryan Specialty Agrees to Buy Certain Assets of Ardonagh’s Geo Underwriting Europe

Insurance Journal

Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo Europe), part of London-based Ar...

Posted: Sep 03, 2024

Ryan Specialty to Acquire P&C MGUs From Ascot’s Ethos Specialty

Insurance Journal

Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire the property and casualty (P&C) MGUs owned by Ethos Specialty Insurance LLC from Ascot Group Ltd. Financial detail...

Posted: Sep 03, 2024

New property facility launched by WTW, Canopius and Verita

Reinsurance News

Global insurance broker WTW has launched a new property facility, Client Edge Facility, with specialty re/insurer Canopius. This exclusive property option, now available in the market, was developed by WTW Corporate Risk and Broking, North America...

Posted: Sep 03, 2024