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3 Key Areas to Review for Better International Risk Underwriting

Risk & Insurance

Successful underwriting for international risks requires a level of cultural and economic analysis that is not typically considered for domestic exposures. The post

Posted: Jun 26, 2024

SPB Group Names Mathieu Sebastien CEO

IIR

Sebastien draws upon more than 20 years of experience in strategy consulting in France and Europe to lead the firm.

Posted: Jun 26, 2024

Insurity Partners with Coherent to Modernize Insurance Product Management

IIR

The partnership will enable P&C insurers to accelerate legacy migration, rapidly launch new products, ensure product compliance and governance, and manage rating and rules with spreadsheet logic.

Posted: Jun 26, 2024

Supercede Secures $15M Series A for Reinsurance Transformation Proposition

IIR

With the new capital, the company plans to expand its team, attracting top-tier talent to enhance platform development and implementation.

Posted: Jun 26, 2024

Big ‘I’ Releases 2024 Market Share Report

IA Magazine

Independent agency market share holds steady in hard market and continues growth in personal lines.

Posted: Jun 26, 2024

The Big ‘I’ Launches AI Marketing Toolkit

IIR

The new resource is designed to help independent insurance agencies harness the power of AI to enhance client relationships, optimize marketing efforts and drive growth.

Posted: Jun 26, 2024

RSGI integrates with IRCTC through the INSILLION insurtech platform

coverager

INSILLION is a cloud-based digital platform for insurers.

Posted: Jun 26, 2024

Allianz Partners launches allyz Cyber Care

coverager

The solution is now available in Germany, France, Italy and the Netherlands.

Posted: Jun 26, 2024

ATOM Advantage’s Carol Valentic and Lori Landon Talk to Risk & Insurance

Risk & Insurance

“We believe that patients should have control over their own medical records and be able to easily share them with providers as they progress through various treatments. This is extremely important for ensuring a smooth continuum of care.” ...

Posted: Jun 26, 2024

CCC: Severe Weather Impacting Collision Repair, Auto Insurance

Carrier Management

CCC: Severe Weather Impacting Collision Repair, Auto Insurance The auto insurance and...

Posted: Jun 26, 2024

People Moves: Wyrick Joins Powers Insurance & Risk Management; Western National Adds Archulaeta and...

Insurance Journal

Wyrick Joins Powers Insurance & Risk Management Powers Insurance & Risk Management, headquartered in St. Louis, hired Kelsey Wyrick as a personal lines account manager. Wyrick’s responsibilities include managing personal lines accounts,...

Posted: Jun 26, 2024

Floodwaters Inundate Midwest, Where Flood Insurance is Rarely In Force

Insurance Journal

Floodwaters damaged hundreds of properties this week across parts of Nebraska, Iowa, Minnesota and South Dakota as the Midwest recovers from days of intense rainfall. Three days of torrential downpours resulted in as much as 18 inches of rainfall in...

Posted: Jun 26, 2024

People Moves: QBE Promotes Europe Product Managers for Cyber and Mgmt. Liability/Financial Instituti...

Insurance Journal

This edition of International People Moves details appointments at QBE and Howden’s managing general agency, DUAL Benelux. A summary of these new hires follows here. QBE Promotes Product Mgrs for Cyber and Mgmt. Liability/Financial Institutions...

Posted: Jun 26, 2024

Former Maryland State Employee Indicted in Theft, Insurance Fraud Cases

Insurance Journal

Maryland Attorney General Anthony G. Brown announced the indictment of a former state employee in two separate cases involving theft and insurance fraud. Shanell Angelia West, of Essex, was allegedly involved in a theft scheme while working at the Ma...

Posted: Jun 26, 2024

Re/insurance sector has to be ambitious amid expanding risk environment: Carnegie-Brown, Lloyd’s

Reinsurance News

Speaking earlier today in London during Marsh McLennan’s Rising Professionals’ Global Forum 2024 event, Bruce Carnegie-Brown, Chairman, Lloyd’s, distilling down on the scope of risk, said that “the greatest challenges of our time are c...

Posted: Jun 26, 2024

New Federal Rule Requires Railroads to Detail Hazardous Cargo Immediately After Derailment

Carrier Management

New Federal Rule Requires Railroads to Detail Hazardous Cargo Immediately After Derailment A new federa...

Posted: Jun 26, 2024

Top 10 List of Most Affordable New Trucks and SUVs to Insure

Carrier Management

Top 10 List of Most Affordable New Trucks and SUVs to Insure A new list highlights the most affordable SUVs and...

Posted: Jun 26, 2024

American Coastal extends agreement with AmRisc

coverager

The MGA agreement remains mutually exclusive for the admitted condominium association property insurance market in Florida.

Posted: Jun 26, 2024

U.S. P/C Insurers Post Best Q1 Underwriting Result In 17 Years

Carrier Management

U.S. P/C Insurers Post Best Q1 Underwriting Result In...

Posted: Jun 26, 2024

Climate X raises $18 million

coverager

Google Ventures led the Series A investment round.

Posted: Jun 26, 2024

Partnership Aims to Reduce Hurricane Damage to Vehicles

Carrier Management

Partnership Aims to Reduce Hurricane Damage to Vehicles A new partnership between Fintech car ownership platform Way.com and CURE Auto Insurance promises to protect cars from damaging hurricanes and tropical storms. The initiative, called the Catastr...

Posted: Jun 26, 2024

Agency professionals provide insights on the hard market, technology and talent in Vertafore’s 2024...

coverager

Survey respondents emphasize passion for helping clients is still high as professionals navigate trends impacting their business.

Posted: Jun 26, 2024

Tint is now working with P2P car sharing marketplace Turo

coverager

Founded in 2018, Tint has raised close to $29 million.

Posted: Jun 26, 2024

Group 1001 names Martin Woll as COO

coverager

Most recently, Woll was Chief Operating Officer at Merit Life Insurance Co.

Posted: Jun 26, 2024

California Workers’ Comp Ruling Overturns $10M Judgment

Risk & Insurance

A California appellate court overturned a $10 million judgment, ruling the plaintiff failed to prove the employer lacked workers' comp coverage. The post

Posted: Jun 26, 2024

Oregon Appeals Overturns $10M Award, Upholds Exclusive Remedy

Risk & Insurance

An Oregon Court of Appeals decision, interpreting California law, provides clarification on the application of the workers' compensation exclusive remedy rule. The post

Posted: Jun 26, 2024

NTSB Says Norfolk Southern Threatened Agency During Derailment Probe

Insurance Journal

The chair of the National Transportation Safety Board said Norfolk Southern threatened the board, sought to manufacture evidence and failed to provide documents during its investigation of a 2023 Ohio derailment. NTSB Chair Jennifer Homendy said in e...

Posted: Jun 26, 2024

California FAIR Plan to add commercial policies starting July

Reinsurance News

The California FAIR Plan Association, a consortium of all insurers licensed to provide property insurance in the state, will expand its clearinghouse to include commercial policies such as those for farms and condominiums, beginning July 1. This e...

Posted: Jun 26, 2024

Minnesota Dam Risks Failure During Wave of Intense US Weather

Insurance Journal

A dam holding back swollen flood waters in Minnesota was at risk of failure Monday as intense weather buffeted much of the US. The Blue Earth River has cut around the west side of the Rapidan Dam, local officials warned …

Posted: Jun 26, 2024

Insurance Costs Contributing to Texas Housing Affordability Crisis

Insurance Journal

More Texas homeowners and renters than ever are struggling with high housing costs — and the state’s high home prices have potentially put the dream of owning a home out-of-reach for a growing number of families. That’s according to a &#8...

Posted: Jun 26, 2024

Arkansas Sues Pharmacy Benefit Managers Over Alleged Role in Fueling Opioid Crisis

Insurance Journal

LITTLE ROCK, Ark. (AP) — Arkansas on Monday sued two pharmacy benefit managers that oversee coverage for insurers, employers and other large clients, accusing them of fueling the opioid crisis in the state. Attorney General Tim Griffin filed the laws...

Posted: Jun 26, 2024

Zurich’s D’Urso to join RSA Risk Managed Property team

Reinsurance News

Global insurance provider RSA Insurance has appointed Caroline D’Urso as Senior Underwriter in its Risk Managed Property team, part of its UK Specialty Lines business. The executive, who has over a decade of industry experience, will be based in L...

Posted: Jun 26, 2024

Gallagher Re expects low-teens organic growth in Q2 amid sustained reinsurer discipline

Reinsurance News

Speaking with analysts at KBW, Gallagher President, Thomas J. Gallagher, has anticipated low-teens reinsurance organic growth in Q2 of 2024, including sustained reinsurer discipline with property pricing slightly down but with rising aggregate dem...

Posted: Jun 26, 2024

Containment Grows on Wildfire Near Site of Most Destructive Blaze in California History

Insurance Journal

Residents of a California are near the town of Paradise, the site of the state’s most destructive wildfire in history, were ordered to evacuate and roads were closed this week as a wildfire spread. The Apache Fire in Palermo, which …

Posted: Jun 26, 2024