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Tech Provider Cyber Attack Upends U.S. Auto Industry U.S. auto dealers gra...
Posted: Jun 24, 2024
Posted: Jun 24, 2024
Posted: Jun 24, 2024
Posted: Jun 24, 2024
WTW, a global advisory, broking, and solutions firm, has recently announced the appointment of Tia Wilson as Deputy Regional Leader and Global Client Advocate within Corporate Risk and Broking, North America (CRB NA). As Deputy Regional Leader ove...
Posted: Jun 24, 2024
A lithium battery factory in South Korea was set on fire after multiple batteries exploded on Monday, killing 22 workers, most of them Chinese nationals, fire officials said. The fire and a series of explosions ripped through the factory run …
Posted: Jun 24, 2024
Heat advisories are in place across the central and southern US — from South Dakota to Texas. Dallas is forecast to see highs above 98F (36.6C) this week, but the humidity through Tuesday will make it feel closer to 107, …
Posted: Jun 24, 2024
A Sandusky, Ohio pork processing facility exposed workers to a release of ammonia gas, leading the U.S. Department of Labor to open two inspections and issue 43 violations of federal regulations. Investigators with the department’s Occupational...
Posted: Jun 24, 2024
CHICAGO (AP) — Facial recognition startup Clearview AI reached a settlement Friday in an Illinois lawsuit alleging its massive photographic collection of faces violated the subjects’ privacy rights, a deal that attorneys estimate could be worth...
Posted: Jun 24, 2024
Human-caused climate change dialed up the thermostat and turbocharged the odds of this month’s killer heat that has been baking the Southwestern United States, Mexico and Central America, a new flash study found. Sizzling daytime temperatures t...
Posted: Jun 24, 2024
Caribbean general insurer, British Caribbean Insurance Company (BCIC) has launched its omnichannel insurance ecosystem built on the San Francisco-domiciled, EIS cloud-native SaaS platform and implemented by EY. The EIS SaaS platform aims to accele...
Posted: Jun 24, 2024
A federal workplace safety investigation of a global manufacturer and distributor of pet products in Arlington, Texas identified one willful violation and eight serious violations of required safety regulations during its investigation into how an em...
Posted: Jun 24, 2024
According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a ‘stable’ outlook despite a stall in premium growth. Analysts at AM Best issued a segment outlook and report Monday, and sa...
Posted: Jun 24, 2024
According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a ‘stable’ outlook despite a stall in premium growth. Analysts at AM Best issued a segment outlook and report Monday, and sa...
Posted: Jun 24, 2024
Four small earthquakes occurred in California in the early Monday morning hours, according to the U.S. Geological Survey. A magnitude 3.2 earthquake struck near Cobb at a depth of 1.1 miles, a M2.9 quake hit two miles southeast of Highland …
Posted: Jun 24, 2024
Ambac Financial Group (Ambac) has partnered with former Core Specialty Senior Vice President Peter McKeegan to launch a new program administrator, Tara Hill Insurance Services. McKeegan will serve as Tara Hill’s Chief Executive Officer, reporting...
Posted: Jun 24, 2024
HSB, a multi-line specialty insurer and part of reinsurance giant Munich Re, and WINT Water Intelligence, a provider of water management and leak-prevention solutions, have entered into a partnership to deliver holistic water protection. The partn...
Posted: Jun 24, 2024
Businesses confront intensifying economic, geopolitical, and AI-driven risks in 2024, according to Clyde & Co.'s Risk Radar report. The post
Posted: Jun 24, 2024
FloodFlash, the parametric flood insurance provider with sensor technology, has expanded its coverage to all mainland US locations. The company is known for offering flood insurance that exceeds the National Flood Insurance Programme (NFIP) in are...
Posted: Jun 24, 2024
Number of Companies Setting Climate Transition Plans Jumps 44% in...
Posted: Jun 24, 2024
Thanks to AI, Industry Will Soon See Big Jump in Parametric Insurance, Consultant Says Insurance agents mus...
Posted: Jun 24, 2024
Maz joins the Group from Aviva.
Posted: Jun 24, 2024
Containment has grown on a pair of New Mexico wildfires that caused that destroyed thousands of structures and forced the evacuation of more than 8,000 people. The Salt and South Fork fires have burned more than 25,000 acres. The South …
Posted: Jun 24, 2024
Vantage Group Holdings, a specialty insurer and reinsurer, has announced the appointment of Todd Link as Chief Financial Officer (CFO), effective immediately. In his new role, Link will oversee all aspects of Vantage’s financial operations,...
Posted: Jun 24, 2024
Global reinsurance broker, Gallagher Re, has launched its flagship Cyber Academy, designed to attract and nurture promising individuals in the cyber space, providing them with comprehensive and bespoke training in broking, analytics, and cyber sec...
Posted: Jun 24, 2024
The head of the Homeland Security Department said Friday that the agency tasked with responding to disasters across the country is prepared as it goes into what is expected to be an intense hurricane and wildfire season but he’s concerned ̷...
Posted: Jun 24, 2024
The head of the Homeland Security Department said Friday that the agency tasked with responding to disasters across the country is prepared as it goes into what is expected to be an intense hurricane and wildfire season but he’s concerned ̷...
Posted: Jun 24, 2024
Two people were taken to the hospital Saturday after lightning struck a tree near a home along a golf course that is hosting the PGA Tour’s Travelers Championship. The home is just north of the fifth green at TPC River …
Posted: Jun 24, 2024
A weather delay, a climate protest, a lightning strike and Tom Kim could not deter Scottie Scheffler on his mission to win the PGA Tour’s Travelers Championship at the TPC River Highlands course. Kim made a birdie putt on the …
Posted: Jun 24, 2024
The General Insurance Association of Japan (GIAJ) has released updated insurance claims data for the Noto Peninsula Earthquake on January 1, 2024, and the hailstorm in Hyogo Prefecture on April 16 this year. On March 22, we reported that more than...
Posted: Jun 24, 2024
A Maine doctor who runs an addiction treatment center has been convicted on multiple counts of illegally distributing opioids including oxycodone, hydromorphone and fentanyl. Dr. Merideth Norris, 53, of Kennebunk, Maine, was found guilty in federal c...
Posted: Jun 24, 2024
The Trustees of the Contship Containerlines Limited 1979 Pension Scheme have agreed to a c. £25 million full scheme buy-in with L&G, meaning that the benefits for all the scheme’s members are now insured. The transaction was agreed in June of...
Posted: Jun 24, 2024
Howden, the London-based insurance intermediary group, announced the placement of the first carbon credits warranty and indemnity (W&I) insurance policy. The W&I policy provided insurance cover on the sale of carbon credits for the reafforest...
Posted: Jun 24, 2024
Four senior market leaders have been appointed to the Lloyd’s Market Association (LMA) Board: Richard Milner, Group Chief Executive Officer, Chaucer, Clare Constable, Chief Claims Officer, MS Amlin, John Fowle, Chief Executive Officer, Atrium and...
Posted: Jun 24, 2024
A recent analysis by Amwins has highlighted how the property insurance market is undergoing continuous changes, which is gradually leading to a considerable rise in the use of facultative reinsurance. According to the firm, trends in facultative r...
Posted: Jun 24, 2024
European capitals are bracing for heat wave conditions, following wildfires in Greece and flooding in Switzerland over the weekend. High pressure over southern Scandinavian will bring the highest temperatures this year to the UK, with London and part...
Posted: Jun 24, 2024
An investigation into a ransomware attack earlier this month on London hospitals by the Russian group Qilin could take weeks to complete, the country’s state-run National Health Service said Friday, as concerns grow over a reported data dump of...
Posted: Jun 24, 2024
An investigation into a ransomware attack earlier this month on London hospitals by the Russian group Qilin could take weeks to complete, the country’s state-run National Health Service said Friday, as concerns grow over a reported data dump of...
Posted: Jun 24, 2024
Global specialty (re)insurance group Chaucer has appointed Hayley Spink as Group Chief Operating Officer. Spink will reportedly join Chaucer in Q4, coming from Apollo Syndicate 1969 where she currently serves as Chief Operating Officer. Overall, S...
Posted: Jun 24, 2024
R&Q Insurance Holdings Ltd has entered into an agreement to sell Inceptum Insurance Company Limited, a UK domiciled, legacy general insurance company, regulated by the PRA and FCA, to Marco Capital Holdings Limited, a Malta-based legacy acquis...
Posted: Jun 24, 2024
AM Best, a credit rating agency, has assigned a stable outlook to the global cyber insurance sector, citing increased demand and promising growth prospects in the near term as uptake rates continue to rise steadily. “The reduction in rates has bee...
Posted: Jun 24, 2024
There was a time when investing in catastrophe bonds was the preserve of hedge funds and other sophisticated alternative asset managers. But after underpinning the best hedge fund strategy of 2023, the bonds are finding a wider audience. Catastrophe-...
Posted: Jun 24, 2024
Ivans Index has disclosed its results for May, where year over year, Commercial Auto, Business Owner’s Policy (BOP), General Liability, Commercial Property and Umbrella each experienced notable increases in the premium renewal rates, while premium...
Posted: Jun 24, 2024
According to a new report from Howden, more than half of the $19 trillion committed to financing the climate transition through to 2030 will require additional insurance, suggesting that corporates should engage the industry from an early stage in...
Posted: Jun 24, 2024
Posted: Jun 24, 2024
Posted: Jun 24, 2024