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Insurance Business Magazine - US
Posted: Jun 11, 2024
The company is also implementing a new policy administration system, with all core commercial product lines expected to be fully enabled by the end of 2025.
Posted: Jun 11, 2024
CPH Insurance provides insurance products to over 250,000 insureds across the US.
Posted: Jun 11, 2024
GradGuard's renters insurance is designed specifically for college students.
Posted: Jun 11, 2024
US Cyber and E&O one of Vantage's 10 insurance businesses.
Posted: Jun 11, 2024
A legal battle in Louisiana is hobbling construction of three pipeline projects worth more than $2 billion. Yet the litigation isn’t from environmentalists: It’s spearheaded by one of the biggest natural gas pipeline operators in the US....
Posted: Jun 11, 2024
This post is part of a series sponsored by TSIB. The saying, “life is what happens to you while you’re busy making other plans,” is as true as a statement that you can make. Unfortunately, the simple truth is, bad …
Posted: Jun 11, 2024
A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions. The report is &#...
Posted: Jun 11, 2024
A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions. The report is &#...
Posted: Jun 11, 2024
The Fortegra Group Inc., the Jacksonville, Florida-based specialty insurer and subsidiary of Tiptree Inc., announced it has received approval to operate in Belgium and the European Union. Fortegra Belgium Insurance Co. NV will be based in Brussels an...
Posted: Jun 11, 2024
Jury verdicts exceeding $10 million are on the rise, impacting businesses, industries, and society, according to Institute for Legal Reform analysis. The post
Posted: Jun 11, 2024
While we still conduct traditional assessments, such as scanning internet-facing systems to identify vulnerabilities, we take it a step further by applying AI models to truly understand the risk. There's a common misunderstanding in the market tha...
Posted: Jun 11, 2024
NSM Insurance Group, a global specialty insurance provider, has completed the acquisition of Pennsylvania-domiciled, Strategic Underwriters International (SUI), a managing general agent (MGA) in the casualty facultative reinsurance marketplace. SU...
Posted: Jun 11, 2024
ShakeAlert Adding Satellite Capabilities for Earthquake Warnings The U.S. Geological Survey and i...
Posted: Jun 11, 2024
Nuclear Verdicts’ Amount, Frequency Continue to Increa...
Posted: Jun 11, 2024
Global specialty underwriter and provider of re/insurance, AXIS Capital Holdings Limited, has made senior leadership appointments with the addition of Paul Boulos and Rob Ryan as Heads of Ocean Marine, effective immediately. The duo will report to...
Posted: Jun 11, 2024
Global credit ratings agency AM Best has revised its outlook on Italy’s non-life insurance segment from negative to stable, citing growth momentum supported by tariff adjustments and stabilisation of the economic environment. In a report, the agen...
Posted: Jun 11, 2024
Broker WTW said commercial lines insurance increased overall by an average of 6.3% during the first quarter. Quarterly price increases have been about 6% since the global pandemic, WTW reported in its Commercial Lines Insurance Pricing Survey (CLIPS)...
Posted: Jun 11, 2024
Tesla Inc. failed to persuade an administrative judge to dismiss claims by a California regulator that the company overstated its vehicles’ self-driving capabilities — one of several ongoing regulatory investigations of the electric-car maker&#...
Posted: Jun 11, 2024
International specialist insurer Hiscox has announced the appointment of Mary Boyd as Chief Executive Officer of its USA business unit. Joining the company on June 24, 2024, Boyd will be replacing existing USA CEO Kevin Kerridge, who is stepping d...
Posted: Jun 11, 2024
A 100-year-old apartment complex in Miami on Monday erupted into one of the largest blazes in decades after one man shot an employee at the site then set fire to the building. The Miami Herald, the New York Times and …
Posted: Jun 11, 2024
Seventy-six days after it was blocked by the collapse of the Key Bridge, the major shipping channel through the Port of Baltimore has been cleared of debris and restored to allow commercial maritime transit. The U.S. Army Corps of Engineers …
Posted: Jun 11, 2024
Allied American USA, a company offering a wide range of insurance claim services, has announced its approval as a Delegated Claims Administrator (DCA) by Lloyd’s of London. DCAs play a vital role in supporting the Lloyd’s market by eff...
Posted: Jun 11, 2024
A more rightward-leaning European Parliament will make it harder to pass ambitious EU climate policies, but the majority of Europe’s current world-leading green policies are likely to stay put, lawmakers, officials and analysts said. Provisiona...
Posted: Jun 11, 2024
A new bipartisan bill would authorize National Flood Insurance Plan payouts for structures condemned due to chronic erosion or unusual flooding. Introduced earlier this month by Congresswoman Chellie Pingree (D-Maine) and Congressman Greg Murphy (R-N...
Posted: Jun 11, 2024
Crypto insurance company Evertas has announced the appointment of Nick Selby, an accomplished information and physical security professional, as its new Head of European Underwriting. Selby brings to Evertas 20 years of expertise in public and pri...
Posted: Jun 11, 2024
Morgan Stanley analysts have emphasised that, despite expectations of an above-average hurricane season, the P&C reinsurance market maintains a positive outlook heading into 2025, thanks to a relatively stable pricing environment. Analysts ide...
Posted: Jun 11, 2024
Specialist private equity investor B.P. Marsh & Partners Plc has reported that Net Asset Value (NAV) climbed 20.9% from £189.5 million to reach £229.2 million in its full year results for the year ended 31 January 2024. At the same time, B.P....
Posted: Jun 11, 2024
As generative AI takes the world by storm, how can insurers use it to their advantage? Find out in this blog post.
Posted: Jun 11, 2024
Insurance and reinsurance broker McGill and Partners has announced the appointment of Rebecca Mason as Partner in its Crisis Management team. Bringing over eight years of experience in the Crisis Management sector to her new role, Mason has a weal...
Posted: Jun 11, 2024
Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, has been selected by international asset manager, M&G Investments, as its SaaS-based investment accounting solution. Clearwat...
Posted: Jun 11, 2024
Singapore Airlines has sent compensation offers to passengers on a flight last month from London to Singapore that ran into severe turbulence, causing dozens of injuries and a death, the carrier said on Tuesday. Passengers with minor injuries have be...
Posted: Jun 11, 2024
Fortegra, a multinational specialty insurer and subsidiary of Tiptree Inc., has been granted licence to operate in Belgium and the European Union. Based in Brussels, Fortegra Belgium Insurance Company, NV will underwrite specialty lines of busines...
Posted: Jun 11, 2024
Britam Holdings Ltd. is hunting for opportunities to enter the massive but under-served insurance market in Democratic Republic of Congo later this year. Kenya’s biggest listed insurer by market value with operations in seven African economies...
Posted: Jun 11, 2024
Artex Risk Solutions has announced that its Chief Executive Officer (CEO) and Co-founder, Peter Mullen, will be appointed Chairman, and Gallagher’s Regional Executive Vice President, Zeb Holt, will be named Artex’s new CEO, both effective January...
Posted: Jun 11, 2024
Euclid Program Managers, a family of insurance program managers, has launched Euclid Mortgage, LLC, a managing general underwriter (MGU) led by industry veterans Joe Monaghan and Joe Hissong, which underwrites mortgage credit risk on behalf of ins...
Posted: Jun 11, 2024
Devonshire UW Limited, and its affiliate Devonshire UW Europe GmbH, together known as Devonshire Underwriting, has received Lloyd’s approval to launch into the European Market. Devonshire Underwriting, a managing general agent (MGA) specialising i...
Posted: Jun 11, 2024
The Kin Interinsurance Network and Kin Interinsurance Nexus Exchange, the reciprocal exchanges managed by Kin Insurance, Inc., have completed their natural catastrophe reinsurance programs for the 2024 storm season, securing more coverage than las...
Posted: Jun 11, 2024
Short but severe flooding that followed hurricanes Harvey and Irma in 2017 “triggered a nationwide increase in flood insurance take-up according to each county’s social network proximity to the flooded counties, accompanied by a climate c...
Posted: Jun 11, 2024
Ismaeel Adams has joined QBE Re, the reinsurance arm of QBE Insurance Group, as Regional Head of Africa. Based in Dubai, Adams is joining QBE Re after eight years with global reinsurer Swiss Re, where he most recently served as Vice President R...
Posted: Jun 11, 2024
In spite of a modest deterioration in technical results among Mexico’s insurance companies, credit ratings agency AM Best has confirmed that it is maintaining its stable market segment outlook based on significantly improved premium growth in line...
Posted: Jun 11, 2024
Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, Ltd., has announced the appointment of Stephen Buonpane as Senior Vice President (SVP) of Casualty Specialty Lines and Industry Practices. In this newly created r...
Posted: Jun 11, 2024
Posted: Jun 11, 2024