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Additional Insured Endorsements for Landlords During Construction Without a Written Contract

IA Magazine

The landlord, the tenant and the general contractor mistakenly believe the contractor’s additional insured endorsements are triggered by the lease agreement between the landlord and tenant.

Posted: Jun 16, 2024

What Are ERISA Bonds and Who Needs Them?

IA Magazine

By understanding the ins and outs of an ERISA bond and what it protects against, independent agents can better position themselves to offer this important coverage.

Posted: Jun 16, 2024

Mubadala Proposal to Sell InsurTech Startup Wefox Opposed by Founders

Carrier Management

Mubadala Proposal to Sell InsurTech Startup Wefox Opposed by Founders Mubadala Investment...

Posted: Jun 16, 2024

Direct Intelligence

coverager

In 2022, Intact invested a total of $1 million in ten climate adaptation projects in communities across Canada.

Posted: Jun 15, 2024

Report: Corporate Risk Level Highest in 12 Years

Carrier Management

Report: Corporate Risk Level Highest in 12 Years Economic volatility, geopolitical upheaval and art...

Posted: Jun 14, 2024

Keith Scranton Appointed as Regional Head of Inland Marine, North America at Allianz Commercial

Risk & Insurance

The latest people news in the industry today. The post Keith Scranton Appointed as Regiona...

Posted: Jun 14, 2024

Zeb Holt to Succeed Peter Mullen as CEO of Artex Risk Solutions

Risk & Insurance

The latest people news in the industry today. The post Zeb Holt to Succeed Peter Mullen as CEO of Artex Risk Solutions

Posted: Jun 14, 2024

AI, Natural Catastrophes Identified As Most Pressing Emerging Risks

Risk & Insurance

Swiss Re's SONAR report on 13 emerging risks aims to help businesses and insurers prepare for potential threats. The post AI, Natural Catastrophes...

Posted: Jun 14, 2024

AM Specialty acquires Pinpoint Insurance

coverager

Brad J. Sickinger will continue to lead the company. 

Posted: Jun 14, 2024

People Moves: Krause Group Names Westervelt Vice President of Sales

Insurance Journal

Krause Group, headquartered in Des Moines, Iowa, named Holly Westervelt to the newly created role of vice president of sales, a part of the leadership team for Krause Group’s expanding agency division, The Krause Agency. Westervelt joins Krause...

Posted: Jun 14, 2024

WTW: US Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3%

Carrier Management

WTW: US Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3% Broker WTW said commercial lines insurance in...

Posted: Jun 14, 2024

Florida’s 2024 Hurricane Season Begins With Rain-Fueled Flooding

Carrier Management

Florida’s 2024 Hurricane Season Begins With Rain-Fueled Flooding Dangerous flooding from a tropical dis...

Posted: Jun 14, 2024

Just 32% of Hazard Prone Areas Have Adopted Resistant Building Codes: FEMA

Carrier Management

Just 32% of Hazard Prone Areas Have Adopted...

Posted: Jun 14, 2024

Oklahoma Supreme Court Dismisses Reparations Lawsuit of Tulsa Race Massacre Survivors

Insurance Journal

OKLAHOMA CITY (AP) — The Oklahoma Supreme Court on Wednesday dismissed a lawsuit by survivors of the 1921 Tulsa Race Massacre, dampening the hope of advocates for racial justice that the city would make financial amends for one of the …

Posted: Jun 14, 2024

Insurance industry adapts to new challenges, experts reveal at S&P conference

Reinsurance News

At S&P Global Ratings’ 40th Annual North American Insurance Conference, industry experts discussed current trends and challenges, agreeing that while the insurance landscape has evolved over the past four decades, the industry has succes...

Posted: Jun 14, 2024

Louisiana High Court Reopens Window for Adult Victims of Childhood Sex Abuse to Sue

Insurance Journal

NEW ORLEANS (AP) — Officially reversing a controversial March ruling, Louisiana’s highest court Wednesday gave childhood victims of sexual abuse a renewed opportunity to file damage lawsuits. The state Supreme Court’s 5-2 ruling Wednesday...

Posted: Jun 14, 2024

For Shrinking Mississippi River Towns, Frequent Floods Worsen Fortunes

Insurance Journal

WEST ALTON, Mo. (AP) — Devastating flooding, driven in part by climate change, is taking an especially damaging toll on communities that once thrived along the banks of America’s most storied river. Flooding has pushed people out of their homes...

Posted: Jun 14, 2024

June Central Europe SCS & flooding drive hundreds of millions in insured losses: Aon

Reinsurance News

The recent severe convective storms and flooding that have affected multiple countries in Central Europe since June 6 are expected to result in economic and insured losses amounting to hundreds of millions of EUR, according to Aon’s weekly catastr...

Posted: Jun 14, 2024

Noel Pearman Appointed as Chief Underwriting Officer for Bermuda at AXA XL

Risk & Insurance

The latest people news in the industry today. The post Noel Pearman Appointed as Chief Underwriting Officer fo...

Posted: Jun 14, 2024

Mary Boyd to Assume Role as CEO of Hiscox’s USA Business Unit

Risk & Insurance

The latest people news in the industry today. The post Mary Boyd to Assume Role as CEO of Hiscox’s USA Business Unit

Posted: Jun 14, 2024

DeSantis’ new $237mn budget to strengthen the Florida Office of Insurance Regulation

Reinsurance News

Florida’s governor Ron DeSantis’ 2024-2025 Focus on Florida’s Future budget invests millions in the Florida Office of Insurance Regulation’s (OIR) to bolster residential home mitigation programs in the state. The OIR has primary respon...

Posted: Jun 14, 2024

Progressive records reinsurance recoverable in property business as May cat losses hit $722m

Reinsurance News

Property and auto-focused insurance group, Progressive, has reported significant, net catastrophe losses of $722.1 million for the month of May, leading the firm to record a reinsurance recoverable of $95.1 million in its property segment under it...

Posted: Jun 14, 2024

Gore Mutual partners with Wildfire Defense Systems

coverager

Wildfire Defense Systems is the largest provider in North America of Qualified Insurance Resource wildfire loss intervention services.

Posted: Jun 14, 2024

Guy Carpenter launches Capital & Advisory Group

coverager

The business also announced the appointment of Alexander Schnieders as global head of Capital & Advisory.

Posted: Jun 14, 2024

State National appoints Terry Muhia as Executive Vice President

coverager

Reporting directly to President and CEO Matthew Freeman, she will focus on delivering service to State National’s business partners, helping them mitigate portfolio risk as they navigate the challenges of today’s technological and economic environmen...

Posted: Jun 14, 2024

Judge Blasts Liberty Mutual in Declaring He Will Not Disqualify Because He’s an Insured

Insurance Journal

­­A federal judge in New Jersey, in a blistering opinion, has refused to disqualify himself from a case involving his insurer, Liberty Mutual, and accused the insurer of seeking his recusal and attacking his integrity because it did not like …

Posted: Jun 14, 2024

Apple Accused in Lawsuit of Underpaying Female Workers in California

Insurance Journal

Apple on Thursday was hit with a proposed class action accusing the tech giant of paying more than 12,000 female employees in California less than men with comparable jobs. The lawsuit filed in state court in San Francisco by two …

Posted: Jun 14, 2024

MS Reinsurance appoints Swiss Re’s Miguel Marin as Head of Data

Reinsurance News

Global reinsurer, MS Reinsurance, has announced the appointment of Miguel Marin as the new Head of Data, effective immediately. Based out of Zurich, Germany, Marin will report to Chief Information and Data Officer, Benedikt Schmid, who commented:...

Posted: Jun 14, 2024

42 States, J&J Finalize $700M Settlement Over Talc Marketing

Insurance Journal

Attorneys general in 42 states said they finalized a $700 million settlement with Johnson & Johnson over the marketing of its talcum powder products. The settlement, announced in principle in January, resolves an investigation by the states and W...

Posted: Jun 14, 2024

Global trends & promising outlook for MGA & MGU revenues in 2023: Insuramore

Reinsurance News

Managing General Agents (MGAs), Managing General Underwriters (MGUs), and cover-holder groups have amassed approximately USD 23.9 billion in revenues worldwide in 2023, according to a recent report by industry analysis firm Insuramore. The bulk of...

Posted: Jun 14, 2024

Broker Clear Group Buys UK Credit Insurance Specialist Rycroft Associates

Insurance Journal

The Clear Group, the London-based independent broker, announced it has acquired the book and assets of credit insurance broker Rycroft Associates LLP and its sister company and appointed representative, Inspire Credit Management Ltd., a delegated aut...

Posted: Jun 14, 2024

Davies enhances risk services in North America as Afirm brand retires

Reinsurance News

Davies, a provider of professional services and technology for insurance and regulated markets, has announced two senior leadership appointments and the rebranding of Afirm, known for its premium audit, loss control inspection, and risk mitigation...

Posted: Jun 14, 2024

Insured losses in Germany from Central Europe floods could hit $3.2bn: Moody’s RMS

Reinsurance News

Estimated insured losses in Germany from the Central Europe Floods will likely fall within the range of €2 billion to €3 billion (US$2.1 billion to US$3.2 billion), Moody’s RMS Event Response has stated. Heavy and persistent rainfall fell across c...

Posted: Jun 14, 2024