All Posts

Electric vehicle surge drives insurance market highs: Swiss Re

Reinsurance News

In a recent report, the reinsurance company Swiss Re forecasts a 30 percent annual growth in global electric vehicle (EV) sales until 2030, propelling the EV insurance market to surpass USD 200 billion by 2030, up from USD 51 billion in 2022. This...

Posted: Jun 24, 2024

Norfolk Southern Says it Will Examine Vent and Burn Decisions

Insurance Journal

Days before the National Transportation Safety Board is set to explain why first responders were wrong to blow open five tank cars and burn the toxic chemical inside after the East Palestine derailment, Norfolk Southern said Friday it plans to &#8230...

Posted: Jun 24, 2024

Karl Canty joins Capco as new partner in US insurance practice

Reinsurance News

Capco, the technology and management consultancy, has named Karl Canty as a new partner in its US insurance practice, located in Hartford, CT. Canty will focus on strengthening client relationships, boosting sales, and providing value to insurers,...

Posted: Jun 24, 2024

Insurtech Counterpart names Muglia Professional Liability Insurance Lead

Reinsurance News

Counterpart, a management and professional liability insurtech backed by Markel, Aspen, and Westfield, has announced the appointment of industry veteran, Michael Muglia, as its Professional Liability Insurance Lead. In addition, Counterpart also a...

Posted: Jun 24, 2024

US Prosecutors Recommend DOJ Criminally Charge Boeing as Deadline Looms

Insurance Journal

U.S. prosecutors are recommending to senior Justice Department officials that criminal charges be brought against Boeing after finding the planemaker violated a settlement related to two fatal crashes, two people familiar with the matter told Reuters...

Posted: Jun 24, 2024

DOJ Drops Claims That TikTok Misled US Consumers in Lawsuit

Insurance Journal

The US Justice Department is dropping one of two proposed claims against ByteDance Ltd.’s TikTok, planning to focus a consumer protection lawsuit later this year on children’s privacy instead of allegations the video-sharing platform misl...

Posted: Jun 24, 2024

Hackers Auction Off Stolen LendingTree Consumers’ Data

Insurance Journal

Hackers are selling data about consumers of the LendingTree Inc. subsidiary QuoteWizard after the company detected unauthorized access on a cloud database hosted by Snowflake Inc., according to a person familiar with the matter. There have been sever...

Posted: Jun 24, 2024

CDK Begins Restoring Systems Systems After Cyber Hack Hits Thousands of Retailers

Insurance Journal

Retail technology and software provider CDK Global has begun work to restore systems used by over 15,000 retail locations across North America, the company said in a statement on Sunday, adding that it expects the process to take “several days....

Posted: Jun 24, 2024

CDK Begins Restoring Systems After Cyber Hack Hits Thousands of Retailers

Insurance Journal

Retail technology and software provider CDK Global has begun work to restore systems used by over 15,000 retail locations across North America, the company said in a statement on Sunday, adding that it expects the process to take “several days....

Posted: Jun 24, 2024

Progressive, Bars Settle for $1M in SC DUI Crash That Killed Bride on Wedding Night

Insurance Journal

FOLLY BEACH, S.C. (AP) — The husband of a bride who was killed in a South Carolina beach road collision on her wedding night last year will receive nearly a million dollars in settlement connected to the crash, which a …

Posted: Jun 24, 2024

Let Good Adjusters, Not Expensive Lawyers, Make the Difference on Claims, CEO Says

Insurance Journal

Harish Kapur, CEO of Across America Insurance Services, likes to tell the story of how his company’s chief defense lawyer became fed up with Kapur’s frequent requests for lower settlements on claims disputes. “He fired us. He litera...

Posted: Jun 24, 2024

Coverage Needed: Hundreds of Thousands in SE Now in Flood Zones with New Maps

Insurance Journal

Many more properties, including hundreds of thousands of homes across the Southeast, will be required to purchase flood insurance after July 31, due to revisions in federal flood maps. The change means about 138,800 more structures in Miami-Dade, Pal...

Posted: Jun 24, 2024

Coverage Needed: Hundreds of Thousands in SE Now in Flood Zones With New Maps

Insurance Journal

Many more properties, including hundreds of thousands of homes across the Southeast, will be required to purchase flood insurance after July 31, due to revisions in federal flood maps. The change means about 138,800 more structures in Miami-Dade, Pal...

Posted: Jun 24, 2024

New York Enacts Law to Limit ‘Addictive’ Social Media Feeds for Kids

Insurance Journal

New York Gov. Kathy Hochul on Thursday signed a bill that would allow parents to block their children from getting social media posts suggested by a platform’s algorithm, a move to limit feeds critics argue are addictive. Under the legislation,...

Posted: Jun 24, 2024

Dali Crew Can Leave But Must Be Available for Probe Into Baltimore Bridge Collapse

Insurance Journal

Crew members on the cargo ship Dali can head home as soon as Thursday under an agreement that allows lawyers to question them as part of investigations into the cause of the deadly collapse of Baltimore’s Francis Scott Key Bridge. …

Posted: Jun 24, 2024

Dali Crew May Leave But Must Be Available for Probe Into Baltimore Bridge Collapse

Insurance Journal

Crew members on the cargo ship Dali can head home as soon as Thursday under an agreement that allows lawyers to question them as part of investigations into the cause of the deadly collapse of Baltimore’s Francis Scott Key Bridge. …

Posted: Jun 24, 2024

Home Insurance at $10,000 a Year Shows California Buyers’ Pain

Insurance Journal

California’s lofty home prices and scarce inventory already amounted to one of the most nightmarish housing markets in the US. Now, challenges securing and affording home insurance in the wildfire-prone state are making it even worse. Under the...

Posted: Jun 24, 2024

Your Client’s Fun Car From the ‘90s?

IA Magazine

Yeah, that’s a classic. Protect it that way with Hagerty. 

Posted: Jun 23, 2024

Help Your Small Commercial Clients Up Their Claim Game

IA Magazine

Good advice for positive workers compensation claim outcomes.

Posted: Jun 23, 2024

How AI is Changing the Need for Media Liability Coverage

IA Magazine

For independent agents working within the media liability niche market, the proliferation of generative AI has created a fluid and complex environment.

Posted: Jun 23, 2024

How AI is Changing the Need for Media Liability Coverage

IA Magazine

For independent agents working within the media liability niche market, the proliferation of generative AI has created a fluid and complex environment.

Posted: Jun 23, 2024

Falvey Insurance Group Expands Offering with Advanced Commercial Output Insurance

IA Magazine

The policy is designed to cater to the diverse insurance needs of businesses in the manufacturing, institutional, industrial and commercial sectors, focusing on those with medium-to-large scale operations.

Posted: Jun 23, 2024

Falvey Insurance Group Expands Offering with Advanced Commercial Output Insurance

IA Magazine

The policy is designed to cater to the diverse insurance needs of businesses in the manufacturing, institutional, industrial and commercial sectors, focusing on those with medium-to-large scale operations.

Posted: Jun 23, 2024

4 Ways Agents Can Help Clients Save for Retirement

IA Magazine

Three years of historically high inflation has led to the target retirement savings amount rising more than 53% since 2020.

Posted: Jun 23, 2024

4 Ways Agents Can Help Clients Save for Retirement

IA Magazine

Three years of historically high inflation has led to the target retirement savings amount rising more than 53% since 2020.

Posted: Jun 23, 2024

Introducing CoverGo Distribution

coverager

One adopter is AXA.

Posted: Jun 23, 2024

Annexus partners with John Hancock

coverager

Collaboration will expand John Hancock’s portfolio of indexed account offerings and reach a wider market.

Posted: Jun 23, 2024

Duck Creek CEO Formations Keynote: Working to Simplify Insurance

IIR

Mike Jackowski, CEO, Duck Creek talked about challenges such as climate change and macroeconomic forces, and the combined challenge and opportunity of GenAI and other tech disruption.

Posted: Jun 21, 2024

Prior authorization platform Humata Health raises $25 million

coverager

The company has built proprietary AI to streamline prior authorization process.

Posted: Jun 21, 2024

Study: Using 3D Visualization to Predict, Prevent Hurricane Damage

Carrier Management

Study: Using 3D Visualization to Predict, Prevent Hurricane Damage A new study shows how 3D v...

Posted: Jun 21, 2024

Federal Insurance Litigation Remains Elevated Despite 6% Decline in 2023

Risk & Insurance

Lex Machina report finds the overall trend since 2016 is increasing insurance disputes in federal courts, with 2023 marking the second-highest number of filings in the past decade. The post

Posted: Jun 21, 2024

Climate Change Blamed on Deadly Heat Wave in Mexico, Southwest US

Insurance Journal

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 21, 2024

Is Iowa the New Florida?

Insurance Thought Leadership

Is Iowa the New Florida? Agent & Broker sradomski

Posted: Jun 21, 2024

Warburg Pincus’ K2 Launches London-Based MGA, K2 Rubicon Specialty

Insurance Journal

K2 International, the specialty re/insurance underwriting platform that is owned by private equity firm Warburg Pincus, announced the launch of a London-based MGA called K2 Rubicon Specialty. The new MGA division was founded by four market veterans f...

Posted: Jun 21, 2024

An Interview With Michele Coolidge

Insurance Thought Leadership

An Interview With Michele Coolidge Agent & Broker sradomski

Posted: Jun 21, 2024

GM’s Cruise Unit to Receive Hefty for Delaying Report on California Accident

Carrier Management

GM’s Cruise Unit to Receive Hefty for Delaying Report on California Accident A California regulator said on Thu...

Posted: Jun 21, 2024

Florida Homeowners Insurer of Last Resort Proposes 13.5% Rate Hike for 2025

Carrier Management

Florida Homeowners Insurer of Last Resort Proposes 13.5% Rate Hike for 2025 Citizens Property Insu...

Posted: Jun 21, 2024

Vanessa Maxwell Appointed as Global Head of Cyber at Allianz Commercial

Risk & Insurance

The latest people news in the industry today. The post Vanessa Maxwell Appointed as Global Head of Cyber at Allia...

Posted: Jun 21, 2024

LAAIA Posts Scholarship Winners Ahead of Upcoming Florida Convention

Insurance Journal

The Latin American Association of Insurance Agencies and the Spencer Educational Foundation have announced college risk-management and insurance scholarship winners for 2024. Mendoza Lunatti, an incoming senior at Southeastern University in Lakeland,...

Posted: Jun 21, 2024