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4 Ways Online Payments Improve the Insurance Agent Experience From Our Partners sradomski...
Posted: Aug 06, 2024
Lisa Tolaini has been appointed General Counsel of Guy Carpenter, the reinsurance broking division of Marsh McLennan (MMC). Based in London, Tolaini has been with Marsh McLennan for over 13 years, having most recently served as General Counsel, UK...
Posted: Aug 06, 2024
Hurricane Debby left at least six people dead Monday along with widespread flooding in the same parts of Florida and Georgia that were swamped by Hurricane Idalia less than a year ago. Debby made landfall near Steinhatchee, in the Big …
Posted: Aug 06, 2024
AM Best is maintaining a Negative segment outlook for Brazil’s reinsurance market until favourable performance trends can be sustained. AM Best’s recent report identifies strict regulations on foreign assets as a major factor contributing to this...
Posted: Aug 06, 2024
Insurance Business Magazine - US
Posted: Aug 06, 2024
Insurance Business Magazine - US
Posted: Aug 06, 2024
The Park Fire continues to slowly grow to 647 square miles, as thousands of firefighters continue to work to gain more control over the Northern California blaze, which is now the state’s fourth largest on record. The fire runs across …
Posted: Aug 06, 2024
The reserving cycle exists, and studies have shown that historically, final estimates tend to be underestimated in bad years and overestimated in good ones, but both actuarial and reserving teams are now doing more to mitigate significant uncertai...
Posted: Aug 06, 2024
German prosecutors have charged another two former Wirecard executives, according to a statement from their Munich office on Tuesday, casting their net wider in investigations into one of Germany’s biggest corporate scandals. Wirecard collapsed...
Posted: Aug 06, 2024
Skyward Specialty Insurance Group, Inc. has reported a rise of 17.6% in gross written premiums (GWP) and an improved underwriting result of $23.9 million for Q2 2024, compared to last year’s $15.5 million. The reported GWP is $496 million for Q2 2...
Posted: Aug 06, 2024
Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $30...
Posted: Aug 06, 2024
Berkshire Halves Apple Stake, Boosts Cash to $277 Billion as It Gets ‘Defensive’ Warren Buffe...
Posted: Aug 06, 2024
Removing U.S. Subsidies Curbed Building in Climate Risk Zones, Study Finds The U.S...
Posted: Aug 06, 2024
GSK won the latest trial over claims that discontinued heartburn drug Zantac caused cancer, as a jury on Monday found that the drug was not responsible for an Illinois woman’s illness, a company spokesperson said. Carrie Joiner had alleged in &...
Posted: Aug 06, 2024
Nearly a third of existing carbon credits have failed to meet criteria for a new standard that aims to serve as the global benchmark for the voluntary carbon market, its board said on Tuesday. In the voluntary market, companies can …
Posted: Aug 06, 2024
Howden Re, the reinsurance and risk advisory arm of Howden, has announced the expansion of its Cyber Reinsurance capabilities in threat intelligence and education with the appointment of Harriet Gruen as Head of Threat Intelligence, Education &...
Posted: Aug 06, 2024
Global insurance brokerage Hub International Limited announced it has acquired Insurance Management Company (IMC). Located in Erie, Pennsylvania, IMC provides commercial insurance and risk management services to commercial, industrial, institutional...
Posted: Aug 06, 2024
Cash-strapped Thames Water is seeking to strike a deal with its regulator to avoid a fine of £104 million ($133 million) for polluting rivers. Industry regulator Ofwat said the utility released raw sewage from wastewater treatment works for years wit...
Posted: Aug 06, 2024
Cyber insurance provider At-Bay has appointed Ken Riegler as President of At-Bay Insurance and to the Board of Directors of At-Bay Specialty Insurance Company, its Excess & Surplus (E&S) carrier. In this role, Riegler’s remit is focu...
Posted: Aug 06, 2024
HPM Insurance of Amherst, New Hampshire reports it has acquired Insurance Savers Agency, a personal and commercial lines agency with offices in the towns of Littleton and Thornton. The purchase of Insurance Savers Agency expands the footprint of HPM...
Posted: Aug 06, 2024
James River Group Holdings has released its financial results for the second quarter of 2024, posting a net income of $11.9 million and a group combined ratio of 99.3%. These results compared to last years second quarter where the company posted a...
Posted: Aug 06, 2024
The US Congress passed the Coastal Barrier Resources Act in 1982 to preserve relatively undeveloped waterfront areas as natural buffer zones. At least 1.4 million acres along the Atlantic and Gulf coasts were made ineligible for the kind of federal &...
Posted: Aug 06, 2024
Tokio Marine’s international business saw total net premiums written in Q1 of 2024 reach JPY 813.6 billion ($5.62 billion), driven by strong rate increases and new businesses in North America alongside the steady implementation of growth mea...
Posted: Aug 06, 2024
Markel, the insurance operations within Markel Group, has announced the addition of Robert Hannaford and James Murray to its International Casualty team, effective immediately. Hannaford, who brings over a decade of underwriting experience to Mark...
Posted: Aug 06, 2024
This post is part of a series sponsored by AgentSync. In the insurance industry, the term “termination” can refer to a few different things. First, there are policy terminations. These occur when an insurance policy runs its course and th...
Posted: Aug 06, 2024
Specialty insurer Palomar Holdings has reported a net income of $25.7 million for the second quarter of 2024, an improvement compared to net income of $17.6 million from Q2 2023. The company’s gross written premiums (GWP) experienced substantial g...
Posted: Aug 06, 2024
Singapore ministers addressed concerns about Allianz SE’s plan to buy a majority stake in Income Insurance Ltd., saying it would be held to account on its commitments and that the potential deal isn’t expected to adversely impact competit...
Posted: Aug 06, 2024
Ambac has revealed that specialty P&C insurance production, which includes gross written premiums (GWP) by its Specialty P&C Insurance segment and premiums placed by the Insurance Distribution segment, totalled $165 million in Q2 of 2024,...
Posted: Aug 06, 2024
Austin, TX., August 6, 2024 —The Risk & Insurance Education Alliance is proud to announce the launch of its first Certified Insurance Counselor (CIC) self-paced course titled “CIC Commercial Multiline.” Crafted to meet the evolv...
Posted: Aug 06, 2024
Zurich-based catastrophe insurance data provider, PERILS AG, has released its final insured property market loss estimate for the Kahramanmaras Earthquake Sequence of TRY 116.9 billion, approximately USD 6.2 billion at February 2023 exchange rates...
Posted: Aug 06, 2024
This post is part of a series sponsored by PCF Insurance Services. PCF Senior Benefits Practice Leader Jason Milz offers a helpful guide to Original Medicare and Medicare Advantage. When it comes to Medicare, the federal health insurance program for...
Posted: Aug 06, 2024
Transatlantic Holdings (Trans Re), a wholly owned subsidiary of Alleghany Corporation, has restructured its data science team with two senior appointments as it looks to better support the expansion and adoption of artificial intelligence, machine...
Posted: Aug 06, 2024
The majority of insured losses from Hurricane Debby are anticipated to fall within primary insurers’ retentions under their reinsurance coverages, as per James Eck VP-Senior Credit Officer, Financial Institutions Group at Moody’s Ratings. Hurrican...
Posted: Aug 06, 2024
Posted: Aug 06, 2024
Ledger Investing, an insurtech and insurance-linked securities (ILS) focused venture-backed company, has expanded its casualty ILS capabilities with the launch of two new Cayman-based subsidiaries. The firm has created Ledger Re SPC as a reinsurer...
Posted: Aug 06, 2024
Applied Systems has released the second quarter 2024 results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index, which shows that average premium rates decreased year-over-year across the most commonly placed com...
Posted: Aug 06, 2024
Carrot General Insurance, the Korean digital insurance firm, has acquired the exclusive right to use for behavioural-based insurance (BBI) for six months from the General Insurance Association of Korea. It’s important to stress how significa...
Posted: Aug 06, 2024
U.S. central bank policymakers pushed back on Monday against the notion that weaker-than-expected July jobs data means the economy is in recessionary freefall, but also warned that the Federal Reserve will need to cut rates to avoid such an outcome....
Posted: Aug 06, 2024
Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a Houston-based division of Tokio Marine HCC that offers insurance solutions for cyber risks and professional liability, has announced important changes to its Professional Lines lead...
Posted: Aug 06, 2024
Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the conglomerate posted a record quarterly operating profit. Berkshire’s results...
Posted: Aug 06, 2024
Concern about artificial intelligence (AI)-enhanced malicious attacks is once again the top emerging risk for enterprise in the second quarter of 2024, a recent Gartner, Inc.’s survey has revealed. Gartner surveyed 274 senior risk executives and m...
Posted: Aug 06, 2024