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China is poised to impose a record fine on PricewaterhouseCoopers LLP and suspend some of the global auditor’s local operations over its role in one of the nation’s biggest alleged financial fraud cases, according to people familiar with...
Posted: May 30, 2024
Digital processes are increasingly integrated into the insurance customer journey, with more than half of leading UK insurers implementing AI chatbots to streamline customer operations, according to Altus Consulting’s ‘Digital Bar’ report. The rep...
Posted: May 30, 2024
The European Union’s executive arm is examining the feasibility of a proposal by one of its member states to sanction Russia’s Ingosstrakh Insurance Co., as part of efforts to choke revenue generating streams that Moscow needs to finance...
Posted: May 30, 2024
Specialist data analytics solutions provider, Optalitix has partnered with British terrorism reinsurer Pool Re to implement a new, end-to-end treaty and claims management system with full auditability and enhanced reporting. Pool Re is the insuran...
Posted: May 30, 2024
Wisconsin’s average indemnity benefit per claim grew nearly 10% in 2022, fueled by large growth in the average duration of temporary disability per claim, according to a recent study from the Workers Compensation Research Institute. Nevertheles...
Posted: May 30, 2024
Amwins, a global distributor of specialty insurance products and services, has added residential flood coverage to its online marketplace, Amwins InstantQuote. Amwins IQ gives retail agents with choice and flexible coverage options, aiming to crea...
Posted: May 30, 2024
Actuarial Risk Management Ltd. (ARM) has appointed Lincoln Financial Group’s Ryan Bruner as Senior Consulting Actuary. Overall, he brings a deep degree of experience in valuation for annuity and life products, with strong expertise in partic...
Posted: May 30, 2024
Corvus Insurance has revealed the expansion of its underwriting appetite and its cyber services for policyholders. For its Smart Cyber Insurance product, which covers primary and excess policies, Corvus has now reportedly doubled its limit offerin...
Posted: May 30, 2024
Business leaders place cybersecurity, the economy, regulatory challenges and global instability among their top concerns for the coming year, fueled by factors such as AI, climate change, nuclear verdicts and political unrest. The annual Marsh McLenn...
Posted: May 30, 2024
How can artificial intelligence change property and casualty insurance claim processing? Two industry experts answered that question from a few angles during Carrier Management’s annual InsurTech Summit. Frank Giaoui, founder and CEO of Optimal...
Posted: May 30, 2024
The White House on Wednesday planned to announce new measures to support the development of new U.S. nuclear power plants, a large potential source of carbon-free electricity the government says is needed to combat climate change. The suite of action...
Posted: May 30, 2024
Is the installation of an in-ground trampoline considered landscaping work, covered by a landscaper’s liability insurance policy? Artificial intelligence programs suggest that it is. But human judges with the 11th U.S. Circuit Court of Appeals...
Posted: May 30, 2024
Is the installation of an in-ground trampoline considered landscaping work, covered by a landscaper’s liability insurance policy? Artificial intelligence programs suggest that it is. But human judges with the 11th U.S. Circuit Court of Appeals...
Posted: May 30, 2024
Is the installation of an in-ground trampoline considered landscaping work, covered by a landscaper’s liability insurance policy? Artificial intelligence programs suggest that it is. But human judges with the 11th U.S. Circuit Court of Appeals...
Posted: May 30, 2024
A northern Virginia tech company is paying $38,500 to settle claims that it discriminated by posting a job listing seeking white, U.S.-born candidates for an opening as a business analyst. The Justice Department announced Thursday that it had reached...
Posted: May 30, 2024
A powerful late-season snowstorm that caused millions of dollars in damage in Maine was a major disaster, the federal government has declared. The disaster declaration by President Joe Biden will help clear the way for funding to help rebuild. The &#...
Posted: May 30, 2024
The heat dome that led to record-high temperatures in Mexico is forecast to expand northward and bring higher temperatures to parts of the Western U.S., according to AccuWeather. Meteorologists say 82% of Mexico was experiencing conditions ranging fr...
Posted: May 30, 2024
Expleo, an engineering, quality assurance, and digital consulting company, partners with ACORD, a nonprofit organisation serving the insurance industry, in order to boost the London market’s modernisation efforts. Together, they provide test...
Posted: May 30, 2024
Insurance will be required tell policyholders why their premiums have gone up staring June 1. A new rule by Washington state Insurance Commissioner Mike Kreidler first requires insurers to provide an answer on why premiums have gone up, and in …...
Posted: May 30, 2024
“Our partnership with HoneyQuote ensures our Florida customers have access to competitive options for home insurance, and reflects our commitment to always exploring new ways to provide the most comprehensive selection of products for consumers.”
Posted: May 29, 2024
NSM will help the brands grow by expanding their distribution channels, further enhancing their technology platforms and expanding their global market reach.
Posted: May 29, 2024
The Big “I" advocated for the inclusion of an administrative and operating (A&O) inflationary adjustment in reinsurance year 2025 along with additional funds in A&O for reinsurance years 2022-2024.
Posted: May 29, 2024
Across the nearly 33 million homes stretching from Texas to Maine that could be impacted by hurricane winds, the combined reconstruction cost would be $10.8 trillion.
Posted: May 29, 2024
Across the nearly 33 million homes stretching from Texas to Maine that could be impacted by hurricane winds, the combined reconstruction cost would be $10.8 trillion.
Posted: May 29, 2024
Ascend seeks to modernize of the industry’s financial infrastructure integrations that complement Vertafore’s suite of products, improving processes, simplifying workflows and driving new business.
Posted: May 29, 2024
Kristina Welke has been promoted to succeed Meghan Shea as head of Strategy, Solutions, and Marketing; She has been promoted to the role of head of Distribution.
Posted: May 29, 2024
To purchase pet insurance, available through Mylo’s partnership with Safeco, customers only need to answer a few questions on a digital application to get a quote in minutes.
Posted: May 29, 2024
Mylo is now offering pet insurance in partnership with Safeco.
Posted: May 29, 2024
The revised limits and revenue guidance are available across a broad set of business classes.
Posted: May 29, 2024
Amazon Canada requires all third-party sellers that earn more than CAD $10,000 in monthly sales to have general liability insurance.
Posted: May 29, 2024
Navigating the complexities of PFAS contamination and its impact on drinking water, Jon Peeples of Philadelphia Insurance Companies discusses the challenges faced by water treatment plants, potential litigation and the insurance industry’s respons...
Posted: May 29, 2024
Insurers are praising new trailer bill language in the California budget that promises to expedite the home and auto insurance rate filing approval process. California Gov. Gavin Newsom first made the proposal to speed up the rate filing process whil...
Posted: May 29, 2024
Mercer Marsh Benefits report details the top people risks facing companies, from tech talent shortages to rising health and benefit costs. The post
Posted: May 29, 2024
Employers say that safety technologies, from wearable devices to computer vision, are transforming the workplace and delivering promising results, according to an NCCI report The post
Posted: May 29, 2024
U.S. P/C Insurers Hit Record Investment Income in 2023 The U.S. property/casualty insurance segment's net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report. The...
Posted: May 29, 2024
Posted: May 29, 2024
CHICAGO (AP) — A Chicago man convicted of murder based in part on testimony from a legally blind eyewitness is suing the city and the police department. A judge convicted Darien Harris in 2014 in connection with a fatal shooting …
Posted: May 29, 2024
Relation Insurance Services acquired the assets of First Insurance an Affiliate of FirstBank, Inc. The transaction went into effect on April 1, 2024; terms of the transaction were not disclosed. First Insurance, based in Durant, Oklahoma, offers comm...
Posted: May 29, 2024
Landmark Nebraska ruling holds that paramedic's PTSD arose from an extraordinary work situation and eligible for permanent partial disability benefit. The post
Posted: May 29, 2024
This post is part of a series sponsored by TSIB. Construction projects present unique risks and complexities that are a distinct departure from your overall insurance needs as a real estate developer. Whether the project is office, commercial, indust...
Posted: May 29, 2024
There is a positive sentiment for property-catastrophe reinsurance heading into 2025, with pricing at very attractive levels, a factor that should continue to benefit UK specialty re/insurers, analysts at Jefferies concluded following recent meeti...
Posted: May 29, 2024
Insurance Business Magazine - US
Posted: May 29, 2024
Insurance Business Magazine - US
Posted: May 29, 2024
Insurance Business Magazine - US
Posted: May 29, 2024