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IICF Hosts Nearly 800 Attendees at Regional Forums Advancing the Future of Work

Insurance Journal

Since 2013, events have raised over $10 million in support of nonprofits helping those in need in the US and UK LOS ANGELES – June 26, 2024 – The Insurance Industry Charitable Foundation (IICF), a nonprofit organization marking 30 years …

Posted: Jun 27, 2024

German InsurTech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan

Carrier Management

German InsurTech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan Wefox Hol...

Posted: Jun 27, 2024

Research Finds Businesses Fight Repeated Ransomware Attacks

Carrier Management

Research Finds Businesses Fight Repeated Ran...

Posted: Jun 27, 2024

‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling, PwC Says

Carrier Management

‘Great Resignation’ Enters Third Year as Workers Embrace AI, Upskilling...

Posted: Jun 27, 2024

When Hot Weather Arrives, Worker Productivity Is at Risk

Carrier Management

When Hot Weather Arrives, Worker Productivity Is at Risk Anyone who's had to go to work on a h...

Posted: Jun 27, 2024

Employee Retention Top Priority for HR, Operations: Gallagher

Carrier Management

Employee Retention Top Priority for HR, Operations: Gallagher Stabilizing attr...

Posted: Jun 27, 2024

More Companies Ditch Hot Desking for Giving Workers Their Own Space

Carrier Management

More Companies Ditch Hot Desking for Giving Workers Their Own Space To get workers back to th...

Posted: Jun 27, 2024

Bondaval launches trade credit insurance

coverager

The company’s new S&P A+ rated trade credit insurance solution will launch in the UK and EU.

Posted: Jun 27, 2024

Slide Insurance secures $175 million senior credit facility

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The facility led by Regions Bank.

Posted: Jun 27, 2024

Property insurance market is becoming increasingly buyer-friendly: Lockton

Reinsurance News

The property insurance market is becoming more buyer-friendly, with increasing competition among commercial insurers helping to create stability and more predictable renewal outcomes for US insurance buyers, according to Lockton’s latest Market Up...

Posted: Jun 27, 2024

Baldwin’s Attorneys Argue Destruction of Evidence After Testing Led to Gun Damage

Carrier Management

Baldwin’s Attorneys Argue Destruction of Evidence After Testing Led to Gun Damage Alec Baldwin's defens...

Posted: Jun 27, 2024

Oklahoma Insurance Department to Hold Inaugural OK Captive Day

Insurance Journal

The Oklahoma Insurance Department (OID) announced it will hold the inaugural OK Captive Day on Tuesday, August 20, 2024. This event aims to educate key industries in Oklahoma about the Oklahoma Captive domicile and the benefits of a captive insurance...

Posted: Jun 27, 2024

Supreme Court Pauses Federal Smog Control Plan That Texas Opposed

Insurance Journal

The U.S. Supreme Court on Thursday paused a U.S. Environmental Protection Agency plan to reduce the amount of smog that drifts across state borders from industrial facilities like power plants. The 5-4 opinion is the latest in a conflict over …

Posted: Jun 27, 2024

Kansas Department of Insurance Distributes Over $18M to Firefighters

Insurance Journal

Kansas Insurance Commissioner Vicki Schmidt announced, that the Kansas Department of Insurance has made its annual distribution to local Firefighter Relief Associations (FRAs). Pursuant to the Kansas Firefighters Relief Act, $18,912,365.52 has been d...

Posted: Jun 27, 2024

NEAM promotes Kasha Mleko to Head of Sustainability, Europe

Reinsurance News

New England Asset Management Limited (NEAM), a provider of investment advisory services primarily to re/insurance companies, has promoted Kasha Mleko to Head of Sustainability, Europe. Mleko joined NEAM in 2010 and has held roles in Marketing and...

Posted: Jun 27, 2024

Supreme Court Curbs SEC’s In-House Judges in Fraud Cases

Insurance Journal

The US Supreme Court curbed the Securities and Exchange Commission’s ability to press complaints before in-house judges, saying defendants have a constitutional right to make their case to a federal jury when the agency is seeking financial pen...

Posted: Jun 27, 2024

Last Chance: Submit for Top 100, Top Agency Partnership Rankings Now

Insurance Journal

The deadline to submit for Insurance Journal’s Top 100 Agencies and Top Agency Partnerships ranking is tomorrow! We hope you will consider entering your agency for Insurance Journal’s 2024 Top 100 independent agencies listing and Top Agen...

Posted: Jun 27, 2024

Supreme Court Blocks Purdue Pharma Bankruptcy Settlement

Insurance Journal

The U.S. Supreme Court on Thursday blocked OxyContin maker Purdue Pharma’s bankruptcy settlement that would have shielded its wealthy Sackler family owners from lawsuits over their role in the nation’s deadly opioid epidemic. The 5-4 deci...

Posted: Jun 27, 2024

Competitive reinsurance marketplace observed at mid-year renewals, landscape remains dynamic, Aon

Reinsurance News

Global re/insurance broker Aon has reported that insurers generally achieved positive mid-year renewal outcomes, which included rate reductions for property catastrophe risk and improvements in terms and coverage. However, the broker notes, that w...

Posted: Jun 27, 2024

Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023

Insurance Journal

The independent agents place more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”). The association’s 2024 Market Share Report said...

Posted: Jun 27, 2024

Descartes expands U.S. presence with new offices, makes key global appointments

Reinsurance News

Global corporate insurer Descartes Underwriting has expanded its U.S. presence with new offices in Scottsdale and Richmond while also making a string of key appointments to support growth worldwide. “Now with more than 200 employees worldwid...

Posted: Jun 27, 2024

Jennifer Gebran to head Markel’s MENA Casualty team

Reinsurance News

Markel, the insurance operation within Markel Group Inc., has appointed Jennifer Gebran as Head of Casualty for the Middle East and North Africa (MENA) region. Based in Dubai, Gebran will be responsible for developing the region’s casualty underwr...

Posted: Jun 27, 2024

Zurich to Buy AIG’s Travel Insurance Business for $600 Million

Carrier Management

Zurich to Buy AIG’s Travel Insurance Business for $600 Million Zurich early Wednesday sa...

Posted: Jun 27, 2024

New Hampshire Sues TikTok Alleging Consumer Protection Violations, Harm to Kids

Insurance Journal

New Hampshire is suing social media video service TikTok Inc. for allegedly violating the state’s consumer protection act, Attorney General John M. Formella announced. The state’s complaint against TikTok filed in Superior Court in Merrim...

Posted: Jun 27, 2024

Slide secures $175m senior credit facility

Reinsurance News

Slide Insurance, the technology-enabled insurance company, has secured a $175 million senior credit facility led by Regions Bank in its capacity as Administrative Agent, Joint Lead Arranger, and Joint Bookrunner. As well as this, Synovus Bank and...

Posted: Jun 27, 2024

Youth at North Carolina Therapy Camp Couldn’t Breathe in Tent, Autopsy Finds

Insurance Journal

LAKE TOXAWAY, N.C. (AP) — A 12-year-old boy who was enrolled in a wilderness therapy program for troubled youths in North Carolina died in February from an inability to breathe in the mostly plastic tentlike structure he was sleeping in, …

Posted: Jun 27, 2024

FIVE WAYS CHAOS AND OUR BUSINESS OVERLAP

Rough Notes

Leaders, artists and even fictional characters offer insight on your everyday existence Regardless of how much preparing we do, there will always be elements outside of our control … outside of anyone’s control. Chaos takes on all sorts of forms: aut...

Posted: Jun 27, 2024

Jury Awards $700k to Seattle Protesters Jailed for Anti-Police Slogans on Barricade

Insurance Journal

Four protesters who were jailed for writing anti-police graffiti in chalk on a temporary barricade near a Seattle police precinct have been awarded nearly $700,000 after a federal court jury decided their civil rights were violated. The Jan. 1, 2021,...

Posted: Jun 27, 2024

Howden (HCMA) expands European team, names Sébastien Bamsey as Managing Director

Reinsurance News

Howden Capital Markets & Advisory (HCMA), the risk, capital and strategic advisory arm of the global insurance and reinsurance broking group, has appointed Sébastien Bamsey as Managing Director, based in London office, effective 15th July. Thi...

Posted: Jun 27, 2024

Zurich to buy AIG’s personal travel business for $600 million

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Zurich will also acquire AIG Travel's global service centers as part of the deal.

Posted: Jun 27, 2024

Chime acquires enterprise employee rewards company Salt Labs

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Transaction details were not disclosed.

Posted: Jun 27, 2024

Sidecar Health raises $165 million

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The round was led by Koch Disruptive Technologies.

Posted: Jun 27, 2024

Wefox to replace CEO

coverager

Hartigan sent out a memo to shareholders highlighting the potential of insolvency.

Posted: Jun 27, 2024

Uber partners with Cambridge Mobile Telematics to launch Advantage Mode for drivers

coverager

The company’s new S&P A+ rated trade credit insurance solution will launch in the UK and EU.

Posted: Jun 27, 2024

2024 already a top-4 year for US SCS insured losses: Bowen, Gallagher Re

Reinsurance News

2024 has already ranked among the top four costliest years on record for insurance industry losses due to severe convective storms in the US, with insured losses from the peril already exceeding $31 billion, according to Steve Bowen, Chief Science...

Posted: Jun 27, 2024

Evolve Bank & Trust Confirms Data Was Stolen in Cyberattack

Insurance Journal

Evolve Bank & Trust confirmed it was the victim of a cyberattack and that customer data had been posted on the dark web, less than two weeks after the Arkansas-based lender was ordered by regulators to improve its risk management …

Posted: Jun 27, 2024

Massachusetts Orders 14.6% Cut in Workers’ Compensation Rates

Insurance Journal

Massachusetts businesses will see an average 14.6% reduction in workers’ compensation rates—a cut that is almost twice the size of what the insurance industry’s rating bureau proposed in its filing. The lower rates go into effect on July...

Posted: Jun 27, 2024