All Posts
Empowering its members through professional development and networking opportunities By Christopher W. Cook Founded in 1997 by independent insurance agent Jerald L. Tillman, whose insurance career today spans over 45 years, the National African Ameri...
Posted: Aug 30, 2024
Standing in front of Zeller Insurance with his teammates, Nate West (third from left) is well known in Columbus, Indiana, for his ’75 Ford pickup truck. Indiana agent wins PIA National Young Insurance Professional of the Year award By Christopher W....
Posted: Aug 30, 2024
Strategies for service staff, producers and principals By Heath Shearon Ah, time management—a topic that resonates deeply in the whirlwind world of insurance. In an industry where every tick of the clock can shift the balance of client satisfaction a...
Posted: Aug 30, 2024
With annual insured natural catastrophe losses consistently exceeding $100 billion, the demand for services like McKenzie Intelligence Services’ (MIS) Global Events Observer (GEO) platform is increasing, as it accelerates disaster relief and econo...
Posted: Aug 30, 2024
Voluntary product covers planned and unplanned expenses “There can be two major sources of stress. First, the stress of the legal issue itself, and then the stress of figuring out who is going to help you deal with it.” —Emily B. Rose President, Busi...
Posted: Aug 30, 2024
Main Street America Insurance said Thursday it will stop offering personal lines insurance in favor of a commercial lines strategy. The Jacksonville, Florida-based insurer founded about 100 years ago in Keene, New Hampshire said it is “tighteni...
Posted: Aug 30, 2024
Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re is the largest non-IFRS 17 reinsurer, according to AM Best. Among the largest IFRS 17 reporting reinsurers, Munich Re is …
Posted: Aug 30, 2024
JACKSON, Miss. (AP) — The use of force was justified in four fatal shootings by Mississippi law enforcement officers last year, Attorney General Lynn Fitch said Wednesday. Fitch based her findings on investigations conducted by the Mississippi Bureau...
Posted: Aug 30, 2024
Efforts in California to establish first-in-the-nation safety measures for the largest artificial intelligence systems cleared an important vote this week that could pave the way for U.S. regulations on the technology evolving at warp speed. The prop...
Posted: Aug 30, 2024
PCF Insurance Services, a large U.S. brokerage handling commercial and personal lines, life and health, workers’ compensation and employee benefits, has acquired the insurance business of Kentucky Health Solutions. It’s the 14th acquisiti...
Posted: Aug 30, 2024
Global insurance and reinsurance broking group Aon is collaborating with Future Climate to build a robust marketplace in order to support scaling of the voluntary carbon market (VCM) and project development. From what we understand, this will mean...
Posted: Aug 30, 2024
Insurance Business Magazine - US
Posted: Aug 30, 2024
Insurance Business Magazine - US
Posted: Aug 30, 2024
Is Heat Causing Branches to Fall Off Trees? Scientists Aren’t Sure In 2003, as Paris sweltered through a heat...
Posted: Aug 30, 2024
Aspen, a specialty insurance and reinsurance company, has recently announced the appointment of Peter Spires as Group Head of Compliance & Deputy Group General Counsel. In his new role, Spires will report directly to David Amaro, Group General...
Posted: Aug 30, 2024
Elon Musk and Tesla Inc. won dismissal of a lawsuit claiming they pumped up the price of the cryptocurrency Dogecoin into a $258 billion “pyramid scheme.” Investors who lost tens of thousands of dollars investing in the cryptocurrency fau...
Posted: Aug 30, 2024
China Reinsurance (Group) Corporation (China Re), has released its financial results for the first half of 2024, which includes a net profit of RMB 5.921 million, up substantially from RMB 2.067 million in the same period last year. At the same ti...
Posted: Aug 30, 2024
A federal appeals court revived Sarah Palin’s libel case against The New York Times on Wednesday, citing errors by a lower court judge, particularly his decision to dismiss the lawsuit while a jury was deliberating. The 2nd U.S. Circuit Court &...
Posted: Aug 30, 2024
A crash that killed three passengers on a party bus on a Virginia highway was caused by a fatigued truck driver working for a company that allowed its drivers to log excessive hours, a federal report concluded Wednesday. The December …
Posted: Aug 30, 2024
Lloyd’s-focused investment vehicle Helios Underwriting has appointed Katharine Wade as an Independent Non-Executive Director to its Board, effective immediately. Wade brings over 29 years of experience in financial markets, having served in Board...
Posted: Aug 30, 2024
S&P Global Ratings reports that global reinsurers are increasingly interested in natural catastrophe risks, driven by recent pricing corrections and higher attachment points, and are anticipated to deploy more capital in this market over the n...
Posted: Aug 30, 2024
Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts. The British-flagged 56-meter-long (18...
Posted: Aug 30, 2024
AM Best has downgraded Seguros Suramericana S.A. (Sura)’s Financial Strength Rating from A to A- and its Long-Term Issuer Credit Rating from “a” to “a-”, the outlook for these ratings has been revised from negative to stable. The...
Posted: Aug 30, 2024
An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments, according to a notice seen by Reuters. In an attempt to grow …...
Posted: Aug 30, 2024
Australian insurance group Agile Underwriting Services has established a presence in New Zealand, reportedly the first of its kind for a Lloyd’s syndicate, enhancing its capability to service business in the country in its general aviation, accide...
Posted: Aug 30, 2024
Howden Capital Markets & Advisory, the re/insurance broker’s capital markets and insurance-linked securities (ILS) arm, has strengthened its team by appointing Des Potter as an Independent Non-Executive Director in the UK. Potter has ove...
Posted: Aug 30, 2024
Geographical diversification is key to reducing the portfolio risk of systemic cloud outage events, according to a joint report from global insurance and reinsurance broker Aon and Parametrix, a cloud monitoring, modelling, and insurance services...
Posted: Aug 30, 2024
Posted: Aug 30, 2024
RiverStone International, a provider of legacy solutions, has appointed industry veteran James Insley as its new Deputy Group & UK Chief Financial Officer (CFO). In his new role, Insley will work closely with RiverStone International’s G...
Posted: Aug 30, 2024
World’s Largest Reinsurers: AM Best’s Latest Ranking…sort of E...
Posted: Aug 30, 2024
Recent analysis by Information Services Group (ISG), a global technology research and advisory firm, suggests that US enterprises are investing strategically in cybersecurity services as data breaches continue to rise. The firm’s 2024 ISG Pr...
Posted: Aug 30, 2024
General Motors was ordered by a federal appeals court to face a class action claiming it violated laws of 26 U.S. states by knowingly selling several hundred thousand cars, trucks and SUVs with faulty transmissions. The 6th U.S. Circuit Court …
Posted: Aug 30, 2024
The U.S. auto safety regulator said on Wednesday it has closed two separate probes into Fisker’s Ocean SUVs over an alleged door malfunction and a loss of brake performance, after the electric-vehicle startup issued recalls to fix the problems....
Posted: Aug 30, 2024
South Africa-based general insurer Santam Ltd. plans to expand in Asia to diversify its premiums and counter tepid growth at home. The insurer, a subsidiary of financial services group Sanlam Ltd., generates 82% of its premiums in South Africa. ̶...
Posted: Aug 30, 2024
As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate over the next decade. To meet it, a new …
Posted: Aug 30, 2024
The Cayman Islands Monetary Authority (CIMA) has released the licensing statistics for the insurance sector, granting 12 new international insurer licenses in the second quarter of 2024. CIMA issued three B(i)s, one B(ii), six B(iii)s plus a class...
Posted: Aug 30, 2024
A Pennsylvania museum has agreed to sell a 16th century portrait that once belonged to a Jewish family that was forced to part with it while fleeing Nazi Germany before World War II. The Allentown Art Museum will auction “Portrait …
Posted: Aug 30, 2024
Los Angeles area vocational school owner, Guillermo Frias, 65, of Paramount, and the school’s accounting manager, Yesid Colon, 54, of Baldwin Park, were arraigned following a California Department of Insurance investigation into allegations the...
Posted: Aug 30, 2024
Maryland-based insurance, benefits and risk management firm RCM&D announced the acquisition of MillenGroup, a Richmond, Virginia-based benefits advisory firm. Laura Millen, founder and senior managing partner, and John Millen, co-founder and mana...
Posted: Aug 30, 2024
Two men have been charged with conducting a six-year scheme in which they allegedly scammed a ridesharing company and customers out of $40 million in fraudulent “surge” fees by selling hacked smartphones and fake GPS applications to hundr...
Posted: Aug 30, 2024
LTC Global Inc. acquired Michael L. Fitzgerald Insurance Services Inc. in Walnut Creek, California. Michael Fitzgerald will continue to manage the business, which operates across Northern California. Michael L. Fitzgerald Insurance Services is a Capi...
Posted: Aug 30, 2024
Should the agent contact the other vehicle’s insurance carrier and report the claim? The insured is adamant the accident was not their fault.
Posted: Aug 29, 2024
TIAA and Accenture will build enhanced experiences for plan participants with elevated digital capabilities across enrollment, money management features, and retirement education and advice planning solutions.
Posted: Aug 29, 2024
The new feature is available to users who enroll in a free Experian membership.
Posted: Aug 29, 2024
The new protection will be available for youth and amateur sports events.
Posted: Aug 29, 2024