All Posts

Global reinsurers’ ROE to remain meaningfully above cost of capital: Artex

Reinsurance News

Given recent rate increases and reinvestment rates, it is likely that global reinsurers’ underlying return on equity (ROE) will continue to trend upwards and remain meaningfully above the cost of capital, according to a recent Artex report. Artex&...

Posted: Jun 18, 2024

Canopius appoints Chris Getty as new cyber underwriter

Reinsurance News

Canopius Group, a global specialty and property and casualty (re)insurer, has announced the immediate appointment of Chris Getty as Cyber and Technology Underwriter. Getty will enhance Canopius’ cyber and technology capabilities and will report di...

Posted: Jun 18, 2024

Dredger That Hit Tanker Reported Sudden Loss of Control; Oil Spill Cleanup Ongoing

Insurance Journal

Singapore authorities said Monday a dredger boat reported a sudden loss in engine and steering control that led it to hit a stationary cargo tanker, causing an oil spill that has blackened part of the city-island’s southern shores. The Netherla...

Posted: Jun 18, 2024

More Than 800 Coal Plants Worldwide Could Be Profitably Decommissioned: Research

Insurance Journal

More than 800 coal-fired power plants in emerging countries could be decommissioned and profitably replaced by cleaner solar energy starting from the end of the decade, research on Monday showed. Though only a tenth of existing coal plants are schedu...

Posted: Jun 18, 2024

Top Shipping Flag Cuts Approval for Sanctioned Russian Insurer

Insurance Journal

The world’s largest shipping register withdrew its approval for Russia’s Ingosstrakh Insurance Co. to provide a key document enabling ships to enter ports. The Liberian Register — under whose flag 16% of the world’s ships by capacit...

Posted: Jun 18, 2024

UK life insurance market sees positive growth amid emerging risks: AM Best

Reinsurance News

Credit rating agency AM Best maintains a stable outlook for the UK life insurance segment, highlighting strong growth in pension risk transfers and the positive impact of higher interest rates on investment yields. Pension-related products continu...

Posted: Jun 18, 2024

Let's Stop Fighting the Last War

Insurance Thought Leadership

Let's Stop Fighting the Last War PaulCarroll

Posted: Jun 18, 2024

Supreme Court to Hear Nvidia Bid to Scuttle Shareholder Lawsuit

Insurance Journal

The U.S. Supreme Court agreed on Monday to hear a bid by Nvidia to scuttle a securities fraud lawsuit accusing the artificial intelligence chipmaker of misleading investors about how much of its sales went to the volatile cryptocurrency industry. The...

Posted: Jun 18, 2024

Thanks to AI, Industry will Soon See Big Jump in Parametric Insurance, Consultant Says

Insurance Journal

Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines because that coverage lends itself perfectly t...

Posted: Jun 18, 2024

Thanks to AI, Industry Will Soon See Big Jump in Parametric Insurance, Consultant Says

Insurance Journal

Insurance agents must now embrace the use of artificial intelligence, but they won’t be replaced by it. And the use of parametric policies will soon increase sharply across property insurance lines because that coverage lends itself perfectly t...

Posted: Jun 18, 2024

J&J Talc Users Want Cancer Checks Even If It Cost Billions

Insurance Journal

Johnson & Johnson should be on the hook for potentially billions of dollars in medical fees for women who used its talc-based baby powders and want to monitor their future health over cancer fears, according to a lawsuit. Lawyers representing &#8...

Posted: Jun 18, 2024

Jersey Shore Police, Pols Weigh Holding Parents Responsible for Kids’ Rowdy Behavior

Insurance Journal

Parents should be held civilly or criminally responsible for the actions of their children that create disturbances or damage in public places, a group of New Jersey police chiefs and Republican lawmakers said Wednesday during a forum held after a &#...

Posted: Jun 18, 2024

Investigators Say Tanker Spilled Gas in Crash That Destroyed I-95 Bridge in Philly

Insurance Journal

Gasoline spilled out from an unsecured hatch on the top of the gasoline delivery tanker that overturned and ignited beneath an Interstate 95 bridge in Philadelphia a year ago, according to new details from federal investigators. Video evidence obtain...

Posted: Jun 18, 2024

Scott Sykes to lead Amphitrite’s newly launched cargo division

Reinsurance News

Amphitrite Underwriting London, a marine specialist managing general agent (MGA), has announced the appointment of Scott Sykes as Head of its newly formed Cargo Division, which has recently secured capacity from Lloyd’s. Sykes, who has over 35 yea...

Posted: Jun 18, 2024

Workers’ Comp Institute Examines California’s Proposed Presumption for Agricultural Heat Injuries

Insurance Journal

A bill that would give a presumption of compensability to farmworker heat-related injury claims if an employer is found to be out of compliance with Cal/OSHA’s outdoor heat illness prevention standard would likely create more challenges than it...

Posted: Jun 18, 2024

California Workers’ Comp Institute Examines Presumption for Ag Heat Injuries

Insurance Journal

A bill that would give a presumption of compensability to farmworker heat-related injury claims if an employer is found to be out of compliance with Cal/OSHA’s outdoor heat illness prevention standard would likely create more challenges than it...

Posted: Jun 18, 2024

Research Shows How Underwater Fault Could Devastate West Coast with Major Quake and Tsunami

Insurance Journal

New research is warning about an underwater fault that could devastate the West Coast with a major earthquake and tsunami. Seismologists have issued warnings that the Cascadia Subduction Zone, an offshore fault from British Columbia to Northern Calif...

Posted: Jun 18, 2024

Underwater Fault Could Devastate West Coast With Major Quake and Tsunami

Insurance Journal

New research is warning about an underwater fault that could devastate the West Coast with a major earthquake and tsunami. Seismologists have issued warnings that the Cascadia Subduction Zone, an offshore fault from British Columbia to Northern Calif...

Posted: Jun 18, 2024

Capco announces Karl Canty as new US Insurance Partner

IIR

Canty will focus on building client relationships, driving sales and delivering value for insurers, including a number of Capco’s key L&A clients.

Posted: Jun 17, 2024

New York Life Hires Alain Biem as Chief Data Science Officer

IIR

Biem is tasked with playing a pivotal role in advancing broad AI and data science collaborations across the enterprise, particularly in the delivery and enablement of AI solutions.

Posted: Jun 17, 2024

Columbia Insurance Group Selects Guidewire to Modernize Business Operations

IIR

The insurer will use Guidewire to power its core business, simplify its IT operations and help deliver additional value to agents, policyholders and employees.

Posted: Jun 17, 2024

Lightning Caused $1.2 Billion in US Homeowners Claim Payouts in 2023; Severity Trends Upward for the...

Insurance Information Institute

For Immediate Release New York Press Office: (212) 346-5500; [email protected]   NEW YORK, June 17, 2024—More than $1.2 billion in lightning-caused U.S....

Posted: Jun 17, 2024

John Hancock Offers Customers Discounted Access to Penuvo Whole-Body MRI Scans

IIR

John Hancock Vitality members will receive a $500 discount on Prenuvo’s whole-body scans, and qualified members will review their report with a nurse practitioner arranged by Prenuvo.

Posted: Jun 17, 2024

The Latest Launches from CFC, Ascend, VIU

Carrier Management

The Latest Launches from CFC, Ascend, VIU CFC, a specialist insurance provide...

Posted: Jun 17, 2024

JLR invests ~£1 million to support UK police in tackling vehicle thefts

coverager

The announcement reflects JLR’s multifaceted strategy to tackle vehicle thefts and the impact on insurance premiums for its clients. 

Posted: Jun 17, 2024

Loop goes through another round of layoffs

coverager

In addition, FOXO secured a commitment for up to $2.5 million in financing.

Posted: Jun 17, 2024

A Deep Dive Into the E&S Insurance Market

Insurance Thought Leadership

A Deep Dive Into the E&S Insurance Market Commercial Lines ClareCarroll1

Posted: Jun 17, 2024

How CRM Can Personalize Insurance

Insurance Thought Leadership

How CRM Can Personalize Insurance Customer Experience ClareCarroll1

Posted: Jun 17, 2024

It’s Time to Revitalize Auto Insurance

Insurance Thought Leadership

It’s Time to Revitalize Auto Insurance Auto Insurance ClareCarroll1

Posted: Jun 17, 2024

Don’t Get Caught Up in the Buzzwords

Insurance Thought Leadership

Don’t Get Caught Up in the Buzzwords Data Analytics ClareCarroll1

Posted: Jun 17, 2024

Decoding the Talent Exodus in Insurance

Insurance Thought Leadership

Decoding the Talent Exodus in Insurance Talent Gap ClareCarroll1

Posted: Jun 17, 2024

How Agents Should Respond to Embedded Insurance

Insurance Thought Leadership

How Agents Should Respond to Embedded Insurance Agent & Broker ClareCarroll1

Posted: Jun 17, 2024

Employee Who Was Trapped in Elevator Denied Workers Comp Benefits

Carrier Management

Employee Who Was Trapped in Elevator Denied Workers Comp Benefits A health insurance company emplo...

Posted: Jun 17, 2024

3 Steps to Weather the Coming Labor Crunch

Insurance Thought Leadership

3 Steps to Weather the Coming Labor Crunch Talent Gap ClareCarroll1

Posted: Jun 17, 2024

$30M Workers’ Comp Fraud Scheme Uncovered in California

Risk & Insurance

Two business owners have been charged in a workers' comp fraud scheme involving farm labor contractors in California's Central Valley. The post

Posted: Jun 17, 2024