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With American Mobile Cancellations, Florida Mobile Home Market Has ‘Fallen Apart’

Insurance Journal

Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with moderate rate increases and more availability. But those calmer waters apparently have not reached the mobile home market, and Flo...

Posted: Jul 22, 2024

New Jersey Group Eyes Insurance Surcharges, Oil Fees to Fund Resiliency Projects

Insurance Journal

A 2% surcharge on property insurance policies, mandatory fees on the oil and gas industries, and holding a public referendum are ways a public-private group formed in the aftermath of Superstorm Sandy recommends to pay for projects to protect New &#8...

Posted: Jul 22, 2024

People Moves: Risk Strategies Names Bagwell Commercial Lines Leader in West

Insurance Journal

Risk Strategies named Troy Bagwell commercial lines leader for the West region. Bagwell, who is based in Los Angeles, is responsible for building and executing the regional strategy for the commercial property/casualty business segment. Bagwell joins...

Posted: Jul 22, 2024

Falcon strengthens underwriting team with Sterger and Nowlan hire

Reinsurance News

Falcon Risk Services, a managing general agency and HDI Company, has announced the hire of Chris Sterger as Senior Vice President – Southeast Regional Leader and Andrew Nowlan as Vice President, Design & Build. In his new role, based in...

Posted: Jul 22, 2024

Why Home Maintenance Can Help Customers Take Back Control Against Weather Loss Trends

IA Magazine

Home maintenance spots to focus on to reduce risk.

Posted: Jul 21, 2024

Why Realtors Need to Take E&O Coverage Seriously

IA Magazine

As the market for real estate agents has continued to change, one of the results has been an increase in the frequency and severity of claims made against them.

Posted: Jul 21, 2024

The Benefits of Commercial Output Insurance

IA Magazine

Discover how this all-encompassing safety net can safeguard your client’s assets.

Posted: Jul 21, 2024

Arrowhead Combines Workers Comp with Commercial Auto Companion Product

IA Magazine

Arrowhead announced that it will begin offering commercial auto insurance to its workers comp clients in construction-related industries.

Posted: Jul 21, 2024

Lessons Learned From 3 Real-Life Builders Risk Claims

IA Magazine

What may seem like insignificant details can have profound ramifications if a claim occurs. Here’s how to avoid a major setback with a client’s policy.

Posted: Jul 21, 2024

Social Inflation: Responding to Decades of Insurance Litigation Abuse

IIR

The insurance industry can no longer rely solely on current strategies and responses to this threat, nor can it continue to absorb and pass along the associated costs to policyholders.

Posted: Jul 21, 2024

Equisoft Partners with Life Design Analysis on Customized Solutions

IIR

LDA’s platform leverages data from Equisoft’s LifeGuide multi-carrier quoting tool, to integrate product data, generate sales reports, concepts, and projections for advisors and MGAs.

Posted: Jul 21, 2024

nib Group reassures members of coverage amid St Vincent’s Hospital negotiations

coverager

The dispute centers on the amount that nib is willing to pay for the treatment of its policyholders at St Vincent's facilities.

Posted: Jul 21, 2024

Hiscox appoints Mike Maletsky as VP, Practice Leader – Technology E&O and Cyber

coverager

Maletsky is based out of Maryland and will report to Paul Spelman, SVP, Underwriting Management of Hiscox USA.

Posted: Jul 21, 2024

News + Notes: Potential Cannabis Rescheduling, Berkshire Hathaway Amasses Chubb Holding, Insurers Ch...

Risk & Insurance

Rescheduling the drug would make it possible to add medical marijuana to workers’ compensation formularies, but the move would also introduce new employment liabilities. The post

Posted: Jul 21, 2024

The Need for Agility in Insurance

Insurance Thought Leadership

The Need for Agility in Insurance Leadership ClareCarroll1

Posted: Jul 20, 2024

Automated Underwriting: A New Era of Work

Insurance Thought Leadership

Automated Underwriting: A New Era of Work Underwriting ClareCarroll1

Posted: Jul 20, 2024

Enabling Faster Car Crash Response

Insurance Thought Leadership

Enabling Faster Car Crash Response Auto Insurance ClareCarroll1

Posted: Jul 20, 2024

The Hartford’s Mo Tooker on the Insurance Industry’s Need For More Technology Investment

Risk & Insurance

We sat down with Mo Tooker, head of commercial lines at The Hartford, to discuss how data and AI will shape insurers' business models. The post

Posted: Jul 20, 2024

Why We’re All Moonlighting: The Hidden Cost of DIY Customer Service

Risk & Insurance

As companies outsource business functions to consumers, we're all taking on more and more risk management responsibilities. The post

Posted: Jul 20, 2024

Risk Collaboration in Action: What Good Communication Actually Looks Like

Risk & Insurance

Whether you’re a risk manager, broker or carrier, collaboration starts with concrete communication skills. The post

Posted: Jul 20, 2024

Navigating InsurTech Growth Opportunities

Insurance Thought Leadership

Navigating InsurTech Growth Opportunities From Our Partners sradomski

Posted: Jul 19, 2024

Streamlining Agency Operations, Improving Efficiency

Insurance Thought Leadership

Streamlining Agency Operations, Improving Efficiency Agent & Broker sradomski

Posted: Jul 19, 2024

KCC: Frequent SCS Activity Emphasizes Need for Latest Modeling Tech

Carrier Management

KCC: Frequent SCS Activity Emphasizes Need for Latest Mode...

Posted: Jul 19, 2024

Surge of Deepfake Identity Fraud Has Consumers Worried

Carrier Management

Surge of Deepfake Identity Fraud Has Consumers Worried Fraudu...

Posted: Jul 19, 2024

Avail shuts down D2C offering

coverager

COLI is corporate-owned life insurance.

Posted: Jul 19, 2024

Hurricane Beryl Caused Estimated $2-3B in Insured Losses to U.S. Property: Verisk

Insurance Journal

Estimated industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between $2 billion to $3 billion, Verisk’s Extreme Event Solutions business unit said. Beryl made landfall near Matagorda Bay, Texas the...

Posted: Jul 19, 2024

Hurricane Beryl Caused Estimated $2-3B in Insured Losses to US Property: Verisk

Insurance Journal

Estimated industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between $2 billion to $3 billion, Verisk’s Extreme Event Solutions business unit said. Beryl made landfall near Matagorda Bay, Texas the...

Posted: Jul 19, 2024

Global IT Crash That Blocked 911 Calls and Grounded Planes Eases

Insurance Journal

In what will go down as the most spectacular IT failure the world has ever seen, a botched software update from cybersecurity firm CrowdStrike Holdings Inc. crashed countless Microsoft Windows computer systems globally. Microsoft Corp. and CrowdStrik...

Posted: Jul 19, 2024

Tesla’s California Car Registrations Fall for Third Straight Quarter

Insurance Journal

Registrations of Tesla cars in California fell 24% in the April to June period, marking the third consecutive quarter that the company posted a sales drop in its key market, indicating mounting challenges for the EV maker, according to industry &#823...

Posted: Jul 19, 2024

People Moves: Ohio Bar Liability Insurance Company Names Tribble as CEO

Insurance Journal

Ohio Bar Liability Insurance Company announced that John R. Tribble, MBA, CPCU, CCLA will be joining the company as its next President and CEO. Tribble has held a variety of positions during the past eight years with Church Mutual Insurance …

Posted: Jul 19, 2024

BI claims the likely focus of insured losses from Microsoft IT outage, say analysts

Reinsurance News

Following today’s Microsoft Cloud outage, analysts currently expect business interruption claims to drive the bulk of insurance industry losses, and question whether this could be the litmus test for cyber underwriters, notably UK headquarte...

Posted: Jul 19, 2024

CFC’s Lindsey Nelson Explains Her Role and Sheds Light on Cyber Risk Trends

Risk & Insurance

“Every business that uses a computer or has employees needs cyber insurance. While most examples in the media and those shared by our broker partners involve Fortune 500 companies, our data shows that 90% of the cyberattacks we see are against bus...

Posted: Jul 19, 2024

Why Texas Mass Power Outages Continue to Happen

Insurance Journal

It’s become a familiar cycle: A powerful storm sweeps through a swath of Texas and takes the electric system down in its grip. Trees might bend and topple, crashing down onto a power pole. Sometimes the weight of ice pulls …

Posted: Jul 19, 2024

Cargo Ship Sustains Damage After Houthi Attack in Gulf of Aden

Insurance Journal

A Singaporean-flagged cargo vessel was hit by Yemen’s Houthi missiles in the Gulf of Aden on Friday, forcing it to return to its last port of call to assess the damage. Iran-aligned Houthis launched ballistic missiles and drones towards the &#8...

Posted: Jul 19, 2024

Insurance Broker TWFG’s Shares Rise Nearly 30% in Market Debut

Insurance Journal

Insurance broker TWFG’s shares gained nearly 30% in their Nasdaq debut on Thursday, signaling strong investor demand for new stocks as the U.S. initial public offering market aims for a recovery. IPOs in the U.S. are attempting to stage a &#823...

Posted: Jul 19, 2024

EPA Watchdog Investigates Delay in Using Specialized Plane After Ohio Derailment

Insurance Journal

The EPA’s Inspector General is investigating why the agency didn’t get its specialized plane loaded with advanced sensors into the air over East Palestine until four days after the disastrous Norfolk Southern derailment last year. The Ass...

Posted: Jul 19, 2024

Flooring Manufacturer Fined $300K for Exposing Texas Workers to Safety Violations

Insurance Journal

While one of the nation’s largest manufacturers of commercial flooring and surfaces — including recycled rubber products used throughout the nation in playgrounds, fitness centers and sports fields — touts its products’ safety and environ...

Posted: Jul 19, 2024