All Posts

People Moves: Aon’s Mann, Trombino and Younger Join WTW Financial Institutions Team

Insurance Journal

WTW appointed three former Aon executives to roles within its financial institutions and professional services industry division, a part of Corporate Risk and Broking (CRB) North America. Heather Mann, based in Miami, joins WTW from Aon, where she sp...

Posted: Jun 26, 2024

People Moves: Aon’s Mann, Trombino and Younger Join WTW Financial Institutions Team; Former Fortitud...

Insurance Journal

WTW appointed three former Aon executives to roles within its financial institutions and professional services industry division, a part of Corporate Risk and Broking (CRB) North America. Heather Mann, based in Miami, joins WTW from Aon, where she sp...

Posted: Jun 26, 2024

GEICO Tops Progressive With Higher J.D. Power Scores

Insurance Journal

Although Berkshire Hathaway’s Warren Buffett and Ajit Jain told investors last month that GEICO is playing catch-up with Progressive to improve technology and connect rate to risk, Berkshire’s personal auto insurer still surpasses Progres...

Posted: Jun 26, 2024

CDK Tells Customers Dealer System Likely Down Until June 30

Insurance Journal

Car dealerships crippled by a cyberattack on software provider CDK Global probably won’t have their systems restored until the end of the month. In a message to clients Tuesday, CDK warned dealerships that because the outages could persist unti...

Posted: Jun 26, 2024

Report: Nearly All California Worker’s Comp IMR Filings Were Eligible for Review

Insurance Journal

Nearly all independent medical review filings were deemed eligible for review last year, slightly less than the annual percentage for those filed in 2022, according to California Division of Workers’ Compensation’s annual report on the IM...

Posted: Jun 26, 2024

GFIA warns IAIS ‘disproportionate’ focus on climate risks could overshadow other risk drivers faced...

Reinsurance News

The Global Federation of Insurance Associations (GFIA) warns against a ‘disproportionate’ focus on climate risks in its response to a consultation by the International Association of Insurance Supervisors (IAIS) on the supervision of climate risks...

Posted: Jun 26, 2024

Dali Cargo Ship Leaves Baltimore for Virginia, Nearly 3 Months After Bridge Collapse

Insurance Journal

The cargo ship Dali headed out of Baltimore for Virginia on Monday, nearly three months after it lost power and crashed into one of the Francis Scott Key bridge’s supporting columns and caused the bridge to collapse. The 984-foot Dali …

Posted: Jun 26, 2024

Washington Commissioner Asks Insurers to Extend Additional Living Expenses for Wildfire Victims

Insurance Journal

Washington Insurance Commissioner Mike Kreidler is asking insurers to extend the additional living expenses benefit for wildfire victims who are nearing their 12-month limit on that coverage. Many policies that include additional living expenses cove...

Posted: Jun 26, 2024

The Rest Is History: How Carriers Can Navigate Backdating Variations to Operationalize Just-In-Time...

Insurance Journal

This post is part of a series sponsored by AgentSync. One of the trickier aspects of compliance administration and producer management for carriers is maintaining producer appointments. Sure, if your carrier only works in one state, this can be a &#8...

Posted: Jun 25, 2024

Navigating Private Equity: How Proactive Risk Mitigation and Consistency Positively Aid PE Firms and...

Risk & Insurance

Private equity continues to be a robust component of the insurance marketplace. For firms and their portfolio companies, finding a partner that provides consistent, proactive risk mitigation is essential. The post

Posted: Jun 25, 2024

Insurance and the New Ransomware Attack: How to make employees your first line of defense

IIR

(Image credit: Adobe Stock.) Targets run the gamut from government and educational institutions to finance and healthcare providers and everything in between. In fact, any organization that holds personal and financial data on its clientele is at ris...

Posted: Jun 25, 2024

WTW Adds Three Strategic Hires to Financial Institutions Team

IIR

The three experts—Heather Mann, Larry Trombino and Jeanette Younger—are focused on broker-dealers and independent financial advisors.

Posted: Jun 25, 2024

BriteCore Adds 5 New Vendors to Solution Marketplace

IIR

The new pre-built integrations enable P&C insurers to improve underwriting efficiency and reduce risk.

Posted: Jun 25, 2024

Triple-I: Home Insurance Premiums in Florida Increased 80% Less in 2023 Than Initial Projections Due...

Insurance Information Institute

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]   ST. JOHNS, Fla., June 26, 2024 – Researchers at the Insurance Information Institute (Triple-I) have determined that home insurance premiums in Florida rose at...

Posted: Jun 25, 2024

Beyond the Hype on Embedded Insurance

Insurance Thought Leadership

Beyond the Hype on Embedded Insurance Ecosystems ClareCarroll1

Posted: Jun 25, 2024

The Next Evolution in Customer Quoting

Insurance Thought Leadership

The Next Evolution in Customer Quoting Customer Experience ClareCarroll1

Posted: Jun 25, 2024

Reimagining Long-Term Care

Insurance Thought Leadership

Reimagining Long-Term Care Life & Health ClareCarroll1

Posted: Jun 25, 2024

Waymo opens up robotaxi service to everyone

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Users can hail a Waymo robotaxi through the Waymo One app.

Posted: Jun 25, 2024

Volkswagen to invest up to $5 billion in EV maker Rivian

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The integration will give Acuity's retail agents access to policyholder data and documents through the GloveBox platform.

Posted: Jun 25, 2024

Westfield Insurance’s 1848 Ventures: Pioneering AI-powered B2B SaaS for SMBs

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1848 Ventures is a wholly-owned subsidiaries of Westfield.

Posted: Jun 25, 2024

US P&C Insurer Results Rebound with Strong Q1 Results

Risk & Insurance

The U.S. P&C insurance industry rebounds with strong Q1 results, driven by premium gains and easing claims inflation, according to Swiss Re Institute. The post

Posted: Jun 25, 2024

Micruity raises $5 million

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The Canadian company will use the funding to expand support for accumulation annuities and non-guaranteed income products.

Posted: Jun 25, 2024

Progyny acquires Apryl

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Apryl is a Berlin-based fertility benefits platform

Posted: Jun 25, 2024

Zurich NA names James Bracken CFO

coverager

Peter Hirs will return to Zurich Insurance Group in Switzerland.

Posted: Jun 25, 2024

Survey: Organizations Report 60% Increase in Security Budgets to Combat Cyber Breaches

Carrier Management

Survey: Organizations Report 60% Increase in Security Budgets to Combat Cyber Breaches Cyber budgets...

Posted: Jun 25, 2024

U.S Safety Urges Caution as Fireworks-Related Injuries Rise

Carrier Management

U.S Safety Urges Caution as Fireworks-Related Injuries Rise With the Fourth of July holi...

Posted: Jun 25, 2024

People Moves: Kelly, Cochrane and Gagne Join King Insurance; Alliant Adds Wimsatt

Insurance Journal

Florida-based King Insurance Partners hired new team members at its Manchester, New Hampshire location. Kathy Kelley, commercial lines manager, has been in the insurance industry for over 25 years in the Manchester area, previously serving as partner...

Posted: Jun 25, 2024

People Moves: Sompo Taps AXA XL’s Murley as Head of UK Distribution, Insurance; Howden’s Aviation An...

Insurance Journal

This edition of International People Moves details appointments at Sompo International and Howden Broking. A summary of these new hires follows here. Sompo Taps AXA XL’s Murley as Head of UK Distribution, Insurance Sompo, the Bermuda-based prov...

Posted: Jun 25, 2024

U.S. Cyber Insurance Market Slows, Adapts in 2023

Risk & Insurance

The U.S. cyber insurance market faces challenges as premium growth slows and insurers grapple with evolving cyber risks, according to an analysis by AM Best. The post

Posted: Jun 25, 2024

NTSB Proposes Major Safety Changes After 2023 Ohio Train Derailment

Insurance Journal

The National Transportation Safety Board opened a meeting Tuesday to determine the probable cause of a February 2023 Norfolk Southern NSC.N train derailment in East Palestine, Ohio and is making sweeping recommendations to boost rail safety. The dera...

Posted: Jun 25, 2024

Officials Investigate Southwest Jet That Flew Low Over Oklahoma City Suburbs

Insurance Journal

DALLAS (AP) — Federal officials are investigating a Southwest Airlines jet that triggered a low-altitude alert as it prepared to land in Oklahoma City but was still nine miles from the airport. The Federal Aviation Administration said Thursday that a...

Posted: Jun 25, 2024

Velocity Risk Partners with LSU to Develop Gulf Coast Hurricane Model

Insurance Journal

Velocity HoldCo, the parent company for Velocity Risk Underwriters, announced a joint venture with Louisiana State University (LSU) on a Gulf Coast-central hurricane model. The model uses daily data to predict US hurricane seasonal activity, represen...

Posted: Jun 25, 2024

Chubb remains the largest writer of cyber insurance: AM Best

Reinsurance News

Global insurer Chubb remains the largest writer of cyber insurance in the US, with direct premiums written (DPW) in 2023 amounting to roughly $574 million, according to AM Best. Our table of the top 20 cyber insurers by premiums written in 2023, i...

Posted: Jun 25, 2024

Flock partners with Admiral

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‍The partnership will enable Flock to expand its offering.

Posted: Jun 25, 2024