All Posts
Insurance Business Magazine - US
Posted: Aug 13, 2024
Moore will focus on maintaining and developing strategic partnerships with current and potential marketing organizations and agents.
Posted: Aug 13, 2024
This simplified term life insurance product provides customers with "generous" Return of Premium benefits.
Posted: Aug 13, 2024
Climate change, legal system abuse, and geopolitical risks continued to make Liberty Mutual's operating environment incredibly complex and unpredictable.
Posted: Aug 13, 2024
U.S. Safety Agency Seeks Info From Tesla on Fatal Texas Cybertruck Crash Federal safety authorities say...
Posted: Aug 13, 2024
The mortgage (re)insurance unit is the company’s second reinsurance unit following its entry into the Global Agriculture market in 2023.
Posted: Aug 13, 2024
U.S. Manufacturers Face Soaring Property Insurance Costs James Kirsh expects the cost of the property and casualt...
Posted: Aug 13, 2024
In 2022, Guardian acquired a minority equity stake in HPS.
Posted: Aug 13, 2024
The companies are launching a new E&O program.
Posted: Aug 13, 2024
The U.S. Geological Survey confirmed that a magnitude 4.4 earthquake struck an area southeast of of Highland Park, California on Monday. The quake was 7.4 miles deep and struck at 12:20 p.m. PST, according to the USGS. Media reports from …
Posted: Aug 13, 2024
Goldman Sachs’ fund division is to leave investor engagement group Climate Action 100+, joining other financial services companies which have pulled out amid a political backlash in the United States. U.S. members of global climate-focused coal...
Posted: Aug 13, 2024
Aon plc named Nick Nudo as senior managing director of reinsurance for Chicago. Based in Chicago, Nudo joins Aon having most recently served as chief underwriting officer of reinsurer SCOR’s U.S. operations. He has also worked in senior underwr...
Posted: Aug 13, 2024
The National Council on Compensation Insurance is recommending a 9.1% decrease in workers’ compensation loss cost projections for the West Virginia voluntary market. If approved by regulators, it would mark the 20th straight year of rate decrea...
Posted: Aug 13, 2024
The fronting market continues its strong growth into 2024 but is becoming increasingly complex, according to a recent report by Conning. This growth is driven by trends in the managing general agent (MGA) sector, rising demand for capacity, and ro...
Posted: Aug 13, 2024
Developing tech solutions looks easy — until you try it. But while time-consuming hurdles are inevitable, it's possible to avoid the worst of them with the right planning. The post
Posted: Aug 13, 2024
More than three-fourths of properties flooded by Hurricane Debby last week were outside a designated flood hazard area and were likely to be uninsured for the water loss. Many of those properties were concentrated in spots seemingly far away from ...
Posted: Aug 13, 2024
Fathom, the flood risk intelligence organisation, part of reinsurance giant Swiss Re, and catastrophe model developer Aon’s Impact Forecasting, have been granted a contract by Public Safety Canada, to enhance its understanding of flood hazar...
Posted: Aug 13, 2024
NFP, an Aon company and insurance brokerage, announced its acquisition of Orca Financial Group, a specialist financial brokerage based in Leopardstown, County Dublin. Financial details of the deal were not disclosed. The Orca team will join NFP’...
Posted: Aug 13, 2024
FEMA announced last week it has approved more than $61 million for Iowa residents who experienced damage from this spring’s flooding, severe storms and tornadoes. FEMA said has provided $56 million in Individual Assistance money to help survivo...
Posted: Aug 13, 2024
This edition of International People Moves details appointments at insurance broker Miller and the insurer Tokio Marine HCC International. A summary of these new hires follows here. Miller Appoints Thevenot for Strategic Sports and Entertainment Team...
Posted: Aug 13, 2024
The United States has been hit with record heat, wildfires and Hurricane Beryl in July alone, with the country experiencing the second highest number of year-to-date billion dollar disasters, according to the National Oceanic and Atmospheric Admin...
Posted: Aug 13, 2024
Aegis Professional Risk, part of Aegis General Insurance Agency and K2 Insurance Services, has partnered with Sentry Insurance to launch a new Errors and Omissions (E&O) program. Sentry will offer primary and excess coverage up to $5 million f...
Posted: Aug 13, 2024
Skyward Specialty Insurance Group announced its entry into the mortgage (re)insurance market. In support of this new venture, Jean-Philippe “JP” Latour joined the company as senior vice president in May 2024. Latour brings with him a weal...
Posted: Aug 13, 2024
DALLAS (AP) — A Serbian competitor in the CrossFit Games died while competing in a swimming event Thursday morning at a Texas lake, officials said. CrossFit CEO Don Faul said during a news conference that they were “deeply saddened” and &...
Posted: Aug 13, 2024
Meanwhile, the first and only life insurer operating entirely in Bitcoin (BTC), has received regulatory approval from the Bermuda Monetary Authority (BMA) to function as a permanent commercial long-term insurer. This approval follows MeanwhileR...
Posted: Aug 13, 2024
Insurance Business Magazine - US
Posted: Aug 13, 2024
Insurance Business Magazine - US
Posted: Aug 13, 2024
Insurance Business Magazine - US
Posted: Aug 13, 2024
Whom you choose to partner with for your compliance needs matters. Choosing the right technology partner can transform your insurance licensing compliance practices from a nightmare into a dream-come-true.
Posted: Aug 13, 2024
The company's primary business is providing financial protection through the sale of life insurance and annuities.
Posted: Aug 13, 2024
Greek firefighters are bracing for an increase in wind speeds on Tuesday afternoon, after partly containing a huge wildfire on the outskirts of Athens. The biggest blaze of the summer started northeast of the capital Sunday, fueled by strong winds, &...
Posted: Aug 13, 2024
Greek firefighters are working to bring the remnants of a huge wildfire near Athens under control, after wind speeds picked up again on Tuesday afternoon. The biggest blaze of the summer started northeast of the capital Sunday, fueled by strong ̷...
Posted: Aug 13, 2024
Ford Motor and Mazda issued advisories to drivers of certain vehicles still affected by faulty Takata airbags and inflators that can cause potentially severe or fatal injuries. The National Highway Safety Administration has previously warned that air...
Posted: Aug 13, 2024
Global re/insurance broking group Aon has announced the appointment of Nick Nudo as Senior Managing Director of Reinsurance for Chicago, effective immediately. Nudo joins Aon from SCOR, where he worked for over 14 years most recently as chief unde...
Posted: Aug 13, 2024
James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s up for renewal this fall. He’s been ...
Posted: Aug 13, 2024
Insured losses from recent riots in the United Kingdom are expected to remain at manageable levels with a limited impact on insurers’ credit profiles, according to credit agency Morningstar DBRS, in a market commentary. The main reason for mana...
Posted: Aug 13, 2024
Property and casualty insurer Skyward Specialty Insurance Group Inc. has entered the mortgage re/insurance market and announced that Jean-Philippe “JP” Latour will lead the new unit. In support of this new venture, Latour joined the firm in May 20...
Posted: Aug 13, 2024
The surplus lines market in the state of Florida, US, yielded $1.6 billion in premiums for the month of July, marking a 21% increase compared to July 2023, according to the Florida Surplus Lines Service Office. In its most recent FL Premium Report...
Posted: Aug 13, 2024
Arch Insurance North America has partnered with Cytora, the digital risk processing platform, in a move that is set to further digitise the company’s risk intake and streamline underwriting workflows. From what we understand, Arch Insurance...
Posted: Aug 13, 2024