All Posts

Delta Air Lines to Seek Compensation Over Cyber Outage: Report

Insurance Journal

Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday. The Atlanta-based airline has been the &#82...

Posted: Jul 30, 2024

Elevated Demand, Increased Capacity Drive Reinsurer Profitability in 2024

Carrier Management

Elevated Demand, Increased Capacity Drive Reinsurer Profitabili...

Posted: Jul 30, 2024

Liberty Mutual’s Jon Tellekamp Tells Us What’s Top-of-Mind in Excess Casualty

Risk & Insurance

“The unknowns of legal system abuse are a significant stressor for businesses. No one wants to find their name on a billboard or news cover, putting themselves, their employees or their investors in that position.” The post

Posted: Jul 30, 2024

Vermont Again Dealing With Floodwaters

Insurance Journal

Northern Vermont today is dealing with flash floods and washed-out roads after a night and early morning of extreme rainfall. Parts of Caledonia county and the Northeast Kingdom received 6-8 inches of rain last night and saw considerable catastrophic...

Posted: Jul 30, 2024

Officials Grapple With Increasing Western Wildfires

Carrier Management

Officials Grapple With Increasing Western Wildfires Experts say that decades of snuffing out fires at t...

Posted: Jul 30, 2024

PFAS Liability for Water District Remediation Costs Estimated Up to $175B

Carrier Management

PFAS Liability for Water District Remediation Costs Estimated Up to $175B Economic liability associated with the r...

Posted: Jul 30, 2024

Higginbotham Exec Marc Spivey Cheers on Daughter Competing in 2024 Olympics

Insurance Journal

Clients who try to reach Higginbotham executive Marc Spivey this week will be met with an unusual out of office message. Greetings! I am in Paris to cheer on my daughter Taylor who is competing in the 2024 Olympics. … …

Posted: Jul 30, 2024

P&C reinsurance market will remain broadly where it is today: SCOR’s Conoscente

Reinsurance News

For the foreseeable future, SCOR’s Global P&C CEO, Jean-Paul Conoscente, expects the property and casualty (P&C) reinsurance market to remain broadly where it is today after the renewals of 2024, absent any major events. SCOR reporte...

Posted: Jul 30, 2024

6 Unique, Tech-Forward Tools to Aid in Loss Prevention in the Event of a Natural Disaster

coverager

Researchers are constantly developing innovative technologies to aid in loss prevention when disaster strikes. Let’s explore some of the most unique tools out there.

Posted: Jul 30, 2024

Gradient AI raises $56 million

coverager

MassMutual Ventures participated in the round.

Posted: Jul 30, 2024

NSM Insurance Group acquires ISO Student Health Insurance

coverager

ISO offers accident and sickness insurance plans for international students.

Posted: Jul 30, 2024

Amica expands partnership with ZestyAI

coverager

The insurer will now leverage ZestyAI's full property and climate risk analytics platform.

Posted: Jul 30, 2024

Canopy Connect Unveils Insurance Data Intake Platform for Insurance Agencies

coverager

Platform combines consumer-permissioned insurance verification technology with custom forms, document uploading, and data enrichment.

Posted: Jul 30, 2024

Insurance and Artificial Intelligence: 4 Emerging Trends for 2024

coverager

With AI driving innovation in the insurance industry, it’s important to stay up to date with the latest developments. Read the post to discover four emerging AI trends in the insurance industry.

Posted: Jul 30, 2024

Number of re/insurance companies based at the DIFC grows 14% in H1’24

Reinsurance News

The number of insurance and reinsurance companies based in the Dubai International Financial Centre (DIFC) has grown to 125 companies, up from 110, the centre has reported in its results for the first half of 2024. An international financial hub i...

Posted: Jul 30, 2024

US Agency Puts Onus on Amazon for Sale of Hazardous Third-Party Products

Insurance Journal

Amazon.com is responsible for hazardous products sold by third-party sellers on its platform under the federal safety law and bears legal responsibility for their recall, the U.S. Consumer Product Safety Commission said on Tuesday. The CPSC said it h...

Posted: Jul 30, 2024

D&O Insurance Prices Fall in 2Q for Ninth Straight Quarter: Aon

Risk & Insurance

D&O insurance pricing for publicly traded companies falls in second-quarter, extending a streak that began in late 2017, report shows. The post

Posted: Jul 30, 2024

D&O Insurance Prices Fall in Q2 for Ninth Straight Quarter: Aon

Risk & Insurance

D&O insurance pricing for publicly traded companies falls in second-quarter, extending a streak that began in late 2017, report shows. The post

Posted: Jul 30, 2024

ART specialist SRS Altitude announces partnership with Generali Global Corporate & Commercial

Reinsurance News

European Managing General Underwriter (MGU) SRS Altitude, a specialist in Alternative Risk Transfer (ART), has partnered with Generali Global Corporate & Commercial for ART underwriting solutions. Through this partnership SRS aims to leverage...

Posted: Jul 30, 2024

Recall of Boar’s Head Deli Meats Follows Sample Test for Listeria at Maryland Store

Insurance Journal

U.S. health officials last Friday announced a recall of some Boar’s Head liverwurst and deli meats as they investigate a listeria outbreak that has sickened nearly three dozen people and caused two deaths. Boar’s Head Provisions Co. recal...

Posted: Jul 30, 2024

South Alabama Woman Charged With 11 Counts of Insurance Fraud

Insurance Journal

An Alabama woman was arrested after she was indicted by a grand jury, charged with multiple counts of insurance fraud. Allison Dawn Benton Davis, 53, of Dothan, was charged with 11 counts of insurance fraud, according to local news reports. …

Posted: Jul 30, 2024

Meta Platforms to Pay $1.4B to Settle Texas Lawsuit Over Facial Recognition Data

Insurance Journal

Meta Platforms META.O has agreed to pay $1.4 billion to Texas to resolve the state’s lawsuit accusing the Facebook parent of illegally using facial-recognition technology to collect biometric data of millions of Texans without their consent. Th...

Posted: Jul 30, 2024

Gradient AI raises $56.1m in Series C funding

Reinsurance News

Gradient AI, the provider of proven artificial intelligence (AI) solutions for the insurance sector, has raised $56.1 million in Series C funding, in a round led by Centana Growth Partners, with participation from existing investors MassMutual Ven...

Posted: Jul 30, 2024

Drug Trends Part 3: Evaluation Opioid Trends

Risk & Insurance

In part 3 of our 2023 drug trends series, we’re evaluating workers’ comp opioid patterns and the strategies being used to continue their decline in use and manage their risks. The post

Posted: Jul 30, 2024

Wells Fargo Must Face Lawsuit Over Sham Job Interviews

Insurance Journal

A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire. U.S. …

Posted: Jul 30, 2024

Microsoft Reports Outage of Some Office and Cloud Services

Insurance Journal

Microsoft Corp. said it’s investigating outages of some Office applications and cloud services. “We are investigating reports of issues connecting to Microsoft services globally,” the company wrote in an update on a site to monitor...

Posted: Jul 30, 2024

Karma Wallet and Palomar jointly launch new card to help insurance claims

Reinsurance News

Karma Wallet, a financial platform dedicated to sustainability and social impact, has strategically partnered up with Palomar, an innovative specialty insurer serving residential and commercial clients to launch Karma Wallet Card. The card aims to...

Posted: Jul 30, 2024