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Americans Shop Around for Insurance More Than Ever as Costs Soar

Carrier Management

Americans Shop Around for Insurance More Than Ever as Costs Soar Americans are seeking to change...

Posted: Aug 29, 2024

Study: Large Hail Expected to Be More Common in Warming Climate

Carrier Management

Study: Large Hail Expected to Be More Common in Warming Climate Under current...

Posted: Aug 29, 2024

Embedded Insurance: Challenges and Opportunities

Insurance Thought Leadership

Embedded Insurance: Challenges and Opportunities Customer Experience

Posted: Aug 29, 2024

Extreme Rain Is a Growing Climate Threat to the Northeastern U.S.

Carrier Management

Extreme Rain Is a Growing Climate Threat to the Northeastern U.S. As high temperatures brea...

Posted: Aug 29, 2024

W. Va. Commish to Destroy Older Workers Comp Files, Citing Cyber Risk

Carrier Management

W. Va. Commish to Destroy Older Workers Comp Files, Citing Cyber Risk The West Virginia insurance commi...

Posted: Aug 29, 2024

CDC: Deli Meat-Linked Listeria Outbreak Claims Five More Lives

Carrier Management

CDC: Deli Meat-Linked Listeria Outbreak Claims Five More Lives The...

Posted: Aug 29, 2024

Context Matters: Mailing Letter Sufficient Cancel Notice, Court Says

Carrier Management

Context Matters: Mailing Letter Sufficient Cancel Notice, Court Says Simply mailing a cancellation notic...

Posted: Aug 29, 2024

People Moves: Cooley Joins Graham Rogers Insurance as Transportation New Business Underwriter

Insurance Journal

Paula Cooley joined Graham-Rogers Insurance, headquartered in Bartlesville, Oklahoma, as a transportation new business underwriter. Cooley will focus on garage and transportation commercial auto. She has over 40 years of property and casualty experie...

Posted: Aug 29, 2024

Woman Shot at Chicago White Sox Game Sues Team and Stadium Authority

Insurance Journal

CHICAGO (AP) — A woman who was shot in the leg during a White Sox game last year is suing the team and the Illinois agency that owns Guaranteed Rate Field. The woman was in the left-field bleachers in Section …

Posted: Aug 29, 2024

Appeals Court Revives Tesla’s Challenge Against Louisiana Law Banning Direct Sales to Consumers

Insurance Journal

NEW ORLEANS (AP) — Tesla’s federal court challenge to a Louisiana law that prohibits automobile manufacturers from selling directly to consumers has been revived by an appeals court. The lawsuit by the electric car company owned by billionaire...

Posted: Aug 29, 2024

Appeals Court Revives Tesla’s Challenge Against Louisiana Law Banning Direct Sales

Insurance Journal

NEW ORLEANS (AP) — Tesla’s federal court challenge to a Louisiana law that prohibits automobile manufacturers from selling directly to consumers has been revived by an appeals court. The lawsuit by the electric car company owned by billionaire...

Posted: Aug 29, 2024

Chicago Manufacturer Faces $1M Fine for Exposing Workers to Silica Dust

Insurance Journal

Federal safety inspectors became aware that a 31-year-old employee of a Chicago countertop manufacturer needed a double lung transplant after suffering accelerated silicosis ‒ an incurable lung disease – and the U.S. Department of Labor immediately a...

Posted: Aug 29, 2024

Texas Officials Sued Over Anti-ESG Law Targeting Wall Street

Insurance Journal

The American Sustainable Business Council sued Texas officials in an effort to block a law that restricts state investments with certain financial firms because of their energy policies. The lawsuit filed Thursday in federal court in Austin, argues t...

Posted: Aug 29, 2024

Enstar completes ADC agreement with IAG for long-tail reserves coverage

Reinsurance News

Enstar has completed a transaction between its wholly-owned subsidiary, Cavello Bay Reinsurance Limited, and Insurance Australia Limited, on behalf of IAG, to provide adverse development cover (ADC) for IAG’s long-tail reserves. IAG announced this...

Posted: Aug 29, 2024

Telegram Lawyer Says Investigation Into CEO Durov Is ‘Absurd’

Insurance Journal

A lawyer for Telegram boss Pavel Durov, who is the target of an unprecedented investigation in France, said on Thursday it was “absurd” to suggest the head of a social network was responsible for any criminal acts committed on the …

Posted: Aug 29, 2024

Dick’s Sporting Goods Reports Unauthorized Access to Information Systems

Insurance Journal

Dick’s Sporting Goods on Wednesday said it discovered unauthorized access to its information systems. In a filing with the U.S. Securities and Exchange Commission, Dick’s said it made the discovery of the cyberattack on Aug. 21 and immedi...

Posted: Aug 29, 2024

U.S. Product Recall Events Drop, but Defective Units Surge in Q2 2024

Risk & Insurance

U.S. recall events decreased in Q2 2024, but defective units surged, presenting regulatory challenges across major industries, according to Sedgwick's U.S. Recall Index. The post

Posted: Aug 29, 2024

WTW launches Fintech and Digital Assets taskforce

coverager

The team is looking to drive innovation in areas like Generative AI and digital asset management.

Posted: Aug 29, 2024

Remembering Harvey Sigelbaum

coverager

Harvey Sigelbaum was a prominent figure in the insurance and benefits industry.

Posted: Aug 29, 2024

Otto raises $6 million

coverager

The new feature is available to users who enroll in a free Experian membership.

Posted: Aug 29, 2024

Life360 expands partnership with Arity, pursues Credit Karma’s insurance strategy

coverager

Life360 is a location-sharing and safety platform designed primarily for families.

Posted: Aug 29, 2024

Gallagher hires Aon’s Bruce Dettling to lead global mining and heavy industry practice

Reinsurance News

Bruce Dettling has been appointed to the role of Global Head of Mining and Heavy Industry for Gallagher, where he will be responsible for leading the firm’s global specialist practice with teams based in the UK, Latin America, Canada and Aus...

Posted: Aug 29, 2024

US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021

Insurance Journal

The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report. “After years of consistent losses, premium growth is helping t...

Posted: Aug 29, 2024

Southern California Edison Seeks to Recover $1.6B of Wildfire-Related Losses

Insurance Journal

Southern California Edison, a unit of utility Edison International said on Thursday it was seeking approval for a settlement agreement to recover nearly 60% of losses related to wildfires and mudslides in 2017 and 2018. Under the agreement with the &...

Posted: Aug 29, 2024

How AI Is Changing Insurance

Insurance Thought Leadership

How AI Is Changing Insurance AI & Machine Learning pwinston

Posted: Aug 29, 2024

Gavin Hamilton named Director of WTW’s International Property team in London

Reinsurance News

WTW, an advisory, broking, and solutions company, has appointed Gavin Hamilton as a Director on its International Property team in London. With over 30 years of industry experience, Hamilton previously led the European Wholesale and South African...

Posted: Aug 29, 2024

Alabama Shipbuilder Austal to Pay $24M to Settle Accounting Fraud Probe

Insurance Journal

MOBILE, Ala. (AP) — Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing and agreed to pay a $24 million fine to settle an accounting fraud investigation, the U.S. Department of Justice announced Tues...

Posted: Aug 29, 2024

Inadequate Inspections and Oversight Cited in Fatal WV Helicopter Crash

Insurance Journal

CHARLESTON, W.Va. (AP) — Inadequate inspections by an operator and a lack of oversight by the Federal Aviation Administration were partly to blame for the crash of a Vietnam-era tourist helicopter that killed six people in West Virginia two years &#8...

Posted: Aug 29, 2024

How Blockchain Is Reshaping Insurance

Insurance Thought Leadership

How Blockchain Is Reshaping Insurance Blockchain

Posted: Aug 29, 2024

US Appeals Court Takes Aim at Big Tech Liability Shield

Insurance Journal

A US appeals court has struck down a long-standing argument from social media platforms: that a federal law grants them blanket immunity from being held accountable for user harms – even the wrongful death of children. In a ruling delivered …

Posted: Aug 29, 2024

Severe Weather Needs Innovative Insurance

Insurance Thought Leadership

Severe Weather Needs Innovative Insurance Risk Management

Posted: Aug 29, 2024

Poll suggests parametrics rank as most in-demand alternative risk solution

Reinsurance News

As alternative risk solutions gain traction, parametric insurance is expected to be the most in-demand offering, according to a recent poll by Reinsurance News. The poll shows that parametrics lead significantly with 40% of the vote, far surpassin...

Posted: Aug 29, 2024

India’s insurance SaaS platform Heph launches nationwide

Reinsurance News

Heph, the insurance SaaS platform in India and an affiliate of InsuranceDekho, has officially launched, with an advanced platform that provides a wide range of digital solutions aimed at optimising operations for insurance distributors nationwide....

Posted: Aug 29, 2024

Kroll expands AI risk consulting services

coverager

Rice is joining Kroll’s Cyber Risk team. 

Posted: Aug 29, 2024

Amazon to buy Perceive for $80 million

coverager

Perceive creates tools and solutions that allow data processing and AI tasks to be performed directly on devices ("at the edge") rather than relying on remote cloud servers.

Posted: Aug 29, 2024