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Wildfire Threats Make Utilities Uninsurable in U.S. West Trinity Public Utilities District's power lines snake...
Posted: Jun 26, 2024
Protecting 1.2% of Earth Would Prevent Most Extinctions, Study Says...
Posted: Jun 26, 2024
Zurich NA Names Bracken CFO; Hirs Moves to Group Role Zurich North Amer...
Posted: Jun 26, 2024
With climate change intensifying the frequency and severity of natural catastrophes, insurers and reinsurers are under increasing pressure to adapt and enhance their risk management strategies, prompting Germany’s financial regulator BaFin t...
Posted: Jun 26, 2024
Novo Nordisk A/S plans to invest $4.1 billion in another US factory, plowing more money into its biggest market amid rising discontent over the cost of its obesity and diabetes drugs. The project in Clayton, North Carolina, will double the …
Posted: Jun 26, 2024
Insurers can no longer avoid the need to explicitly quantify geopolitical risk in their pricing, modelling and risk management processes, says Broadstone, the independent pensions, employee benefits, investment and insurance consultancy. Broadston...
Posted: Jun 26, 2024
A family in Naples, Florida, has filed suit against NASA, contending that debris from the International Space Station damaged their home and mental well-being when it crashed through the roof in March. The claim, filed under provisions of the Federal...
Posted: Jun 26, 2024
A hack on a London hospital has left hundreds of millions of health records exposed and forced doctors to reschedule life-altering cancer treatments. In North America, a gang tried auctioning off data about LendingTree Inc. customers after finding cr...
Posted: Jun 26, 2024
Oceanview Holdings Ltd., a provider of annuities and reinsurance solutions, has established its new subsidiary, Oceanview Secure Reinsurance Ltd., in the Cayman Islands. The new subsidiary has been awarded a Class D Insurer’s license by the...
Posted: Jun 26, 2024
Backdating rules can make the already-varied mosaic of appointment regulations even more confusing. See how states variations can make or break your efforts.
Posted: Jun 26, 2024
New York Life Ventures joined the round.
Posted: Jun 26, 2024
Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an additional payment if specific targets are met after the...
Posted: Jun 26, 2024
Regional grocery chain Weis Markets, Inc. has settled a sexual harassment and disability discrimination lawsuit filed by the Equal Employment Opportunity Commission (EEOC) on behalf of an employee, the federal agency announced. The charges included m...
Posted: Jun 26, 2024
A Florida city council member has vowed to return to office after Gov. Ron DeSantis suspended her over allegations that her clinic overbilled and defrauded health insurers. The Miami Herald and multiple news outlets reported that Hialeah Councilwoman...
Posted: Jun 26, 2024
Consilium, the global speciality re/insurance broking business of the Aventum Group, has launched its new Lloyd’s-backed Cargo Stock Throughput offering, and has appointed Jack Cooper as Senior Partner. With a broad Cargo appetite, covering genera...
Posted: Jun 26, 2024
The Governing Board of the California Earthquake Authority (CEA), California’s largest provider of residential earthquake insurance, has appointed Tom Welsh, currently the Chief Legal & Compliance Officer, as its new Chief Executive Officer (C...
Posted: Jun 26, 2024
A study by Coalition, a cyber insurance provider, reveals that many IT security leaders in midsize UK businesses are wary of cyber insurance, with only one in five (19%) respondents reporting a positive experience with it. The survey, conducted ea...
Posted: Jun 26, 2024
United Insurance Brokers (UIB) Group has expanded its presence in Asia with the addition of four new professionals: Richard Oh, Saw Tong Nee, Rita Au and Tam Hui Von. This strategic move underscores the commitment of UIB Asia Reinsurance Brokers P...
Posted: Jun 26, 2024
Insurance Business Magazine - US
Posted: Jun 26, 2024
Insurance Business Magazine - US
Posted: Jun 26, 2024
South Korean authorities ordered a halt on Wednesday to the operations of a manufacturer of lithium batteries after a fire killed 23 people, as they investigate three company officials for suspected safety violations. Monday’s fire at unlisted...
Posted: Jun 26, 2024
There has been an improvement in Lloyd’s syndicate underwriting performance in 2023 throughout the majority of classes, with reinsurance “growing significantly”, according to a topical report from Howden Re. According to the firm, prop...
Posted: Jun 26, 2024
Specialist Risk Group (SRG), the London-based insurance intermediary, has agreed to acquire UK specialist schemes broker, Strategic Insurance Services Ltd. (SISL), subject to regulatory approval. Financial details of the deal were not disclosed. SISL...
Posted: Jun 26, 2024
In hard reinsurance markets of the past, a key feature has been an influx of capital from new entrants, but there’s been a notable lack of start-ups during the current period of reinsurance market tightening, and there are some good reasons...
Posted: Jun 26, 2024
Irish workers have been making the short trip over to the UK to find employment for centuries, escaping famine and more recently the aftermath of the financial crisis. But new data suggests that job seekers from across the Irish Sea …
Posted: Jun 26, 2024
CFC’s chief underwriting officer shares emerging opportunities in specialty lines, future pricing trends, and the six fundamental elements that make up cyber risk prevention and underwriting. The post
Posted: Jun 26, 2024
CFC’s chief underwriting officer shares emerging opportunities in specialty lines, future pricing trends, and the six fundamental elements that make up cyber risk prevention and underwriting. The post
Posted: Jun 26, 2024
American Coastal Insurance Corporation, the insurance holding company of American Coastal Insurance Company (AmCoastal) has announced that AmCoastal has entered into a five-year extension of its exclusive Managing Agency Contract (MGA Agreement) w...
Posted: Jun 26, 2024
Velocity Risk Underwriters has partnered with Louisiana State University (LSU) to develop the “Velocity Risk LSU Gulf Hurricane Outlook” model, the first of its kind to use daily data to predict US hurricane seasonal activity. The mode...
Posted: Jun 26, 2024
This post is part of a series sponsored by IAT Insurance Group. Cargo theft reached an all-time high last year — up 57% across North America alone.[1] Most commonly, these thefts are the result of an ongoing misdirection of attacks …
Posted: Jun 26, 2024
Global insurer American International Group, Inc. (AIG) has entered into a definitive agreement with Zurich Insurance Group to sell the latter its global individual personal travel insurance and assistance business for $600 million in cash plus ad...
Posted: Jun 26, 2024
International insurer QBE has announced the appointment of Simon Højmark as Europe product manager for Cyber and Dr Patrick Seul as Europe product manager for Management Liability and Financial Institutions. Højmark has been with QBE for 13 years,...
Posted: Jun 26, 2024
Posted: Jun 26, 2024
Posted: Jun 26, 2024
Apple Inc. unfairly fired an employee for making racist comments that were part of a toxic workplace culture at one of its London stores, according to a UK court ruling. Apple’s investigation, before firing Timothy Jeffries who worked as a R...
Posted: Jun 26, 2024
Apple Inc. unfairly fired an employee for making racist comments that were part of a toxic workplace culture at one of its London stores, according to a UK court ruling. Apple’s investigation, before firing Timothy Jeffries who worked as a R...
Posted: Jun 26, 2024
The Board of Phoenix Group has revealed its intention to explore the potential sale of its SunLife Limited business. Following a strategic review, Phoenix has concluded that SunLife is “no longer core” to the delivery of its vision of...
Posted: Jun 26, 2024
A wildfire in an eastern Canadian province moved closer to a huge power plant on Tuesday, forcing the evacuation of workers from a nearby town, officials said. “So (this is) very concerning,” Newfoundland and Labrador premier Anthony Fure...
Posted: Jun 26, 2024
Global re/insurer Markel Group Inc. and Valor Environmental have entered into a definitive agreement for Markel Group to acquire a majority interest in Valor and its related operating companies. The transaction is subject to customary closing cond...
Posted: Jun 26, 2024
The spread of mpox in Africa needs to be addressed urgently, the World Health Organization said on Tuesday, as scientists warned separately of a dangerous strain in the Democratic Republic of Congo. “There is a critical need to address the R...
Posted: Jun 26, 2024
Allianz Colombia has developed a new product, based on a parametric insurance policy, that would help protect the country’s farmers livelihood as well as access to credit to strengthen their financial resilience. The parametric insurance policy wo...
Posted: Jun 26, 2024
The proportion of workers who expect to switch employers in the next 12 months is higher than that from the “Great Resignation” period of 2022, a PwC survey of the global workforce found. Around 28% of more than 56,000 workers …
Posted: Jun 26, 2024
Oneglobal Broking, an independent Lloyd’s broker backed by JC Flowers, has appointed Andrew Ko as the Executive Director for Hong Kong, effective 18th June 2024. Ko is a key appointment according to Oneglobal as the company continues to expa...
Posted: Jun 26, 2024
India’s 53rd GST Council meeting has announced a decision that reinsurance commissions and co-insurance premiums will no longer be considered taxable services, providing significant relief to the insurance and reinsurance industry. Last year...
Posted: Jun 26, 2024
The U.S. Food and Drug Administration has begun testing more dairy products for evidence of the bird flu virus as outbreaks spread among dairy herds across the country. More than 120 dairy herds in 12 states have tested positive for …
Posted: Jun 26, 2024