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Insurance Business Magazine - US
Posted: May 29, 2024
Owners of Older Nissans Warned to Stop Using Cars Over Airbag Concerns Owners of nearly 84,...
Posted: May 29, 2024
Poll: Recent College Grads in High Demand at U.S. Businesses Ameri...
Posted: May 29, 2024
RA Forsikring specializes in insurance tailored for the taxi industry.
Posted: May 29, 2024
Posted: May 29, 2024
Drivers who use the Roadie platform will have access to Stride's portable benefits platform.
Posted: May 29, 2024
The revised limits and revenue guidance are available across a broad set of business classes.
Posted: May 29, 2024
Posted: May 29, 2024
Nicotine alternatives used in vapes being launched in the U.S. and abroad, such as 6-methyl nicotine, may be more potent and addictive than nicotine itself, though the scientific data remains incomplete, according to the U.S. Food and Drug Administra...
Posted: May 29, 2024
More than 5 million Texans, or one in six people in the state, live or work in an area susceptible to flooding, according to a draft of the state’s first-ever flood plan. The plan by the Texas Water Development Board …
Posted: May 29, 2024
Goshen, Indiana-based Keystone RV Company, a leading manufacturer of towable RVs, will pay $95,460 and furnish other relief to settle a disability discrimination suit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agenc...
Posted: May 29, 2024
Across parts of Texas, and mostly in the east, 500,789 customers reportedly had outages at 4:45 am EDT, according to PowerOutage.us. On Tuesday, 1,161 flights into and around the US were canceled with the majority of those in Dallas and …
Posted: May 29, 2024
Morningstar DBRS recently published a commentary that highlights the insurance protection gap on extreme weather and climate-related losses in Europe. Severe weather events are expected to become more frequent and intense in the longer term across...
Posted: May 29, 2024
South Korea’s nuclear safety authorities are carrying out an on-site investigation after two employees at a Samsung Electronics Co. semiconductor plant were exposed to radiation. The employees are showing abnormal symptoms on their fingers beca...
Posted: May 29, 2024
This edition of International People Moves details appointments at aviation specialist Itasca MGA Ltd. and DUAL Group, Howden’s MGA subsidiary. A summary of these new hires follows here. Specialist Aviation MGA Itasca Names John as CEO, Succeed...
Posted: May 29, 2024
Wenalyze has announced the appointment of industry veteran Mandy Hunt to the position of expert advisor. The insurtech enables commercial insurance risk carriers to automate underwriting processes and improve data quality to reduce premium leakage...
Posted: May 29, 2024
Starting next year, the minimum automobile liability coverage in North Carolina will jump significantly, thanks to a 2023 law that raised the minimum requirement for the first time in 25 years. Since 1999, North Carolina drivers have been required to...
Posted: May 29, 2024
Specialist Risk Group’s managing general agent, MX, announced it will soon launch a new specialist motorsport underwriting offering, MX Motorsport. MX Motorsport will underwrite all classes of motorsport business on a global basis supported by...
Posted: May 29, 2024
DUAL Group has announced the appointment of specialist lines veteran Scott Sayce as Group Head of Emerging Products, a newly created role. He will join the MGA on September 1, and will report to David Harries who joined DUAL as Group Director of U...
Posted: May 29, 2024
The Pennsylvania Insurance Department (PID) is reminding insurers of their obligation to conduct a physical inspection to confirm the type and extent of damage to a roof supposedly evidenced by aerial imagery. The regulatory agency said it has receiv...
Posted: May 29, 2024
A Yuma man has been arrested for allegedly starting a wildfire in a national wildlife preserve in southwest Arizona near the California border, according to authorities. Yuma County Sheriff’s officials said 47-year-old Jason Bradley Martin rema...
Posted: May 29, 2024
Specialist Risk Group’s Managing General Agent (MGA), MX, has announced that it will be launching a new specialist motorsport underwiring offering, MX Motorsport, which will underwrite all classes of motorsport business on a global basis sup...
Posted: May 29, 2024
U.S. Intelligence Agencies’ Embrace of Generative AI Is Wary and Urgent Long before gener...
Posted: May 29, 2024
US restaurants grappling with high costs and penny-pinching consumers are making a tough pitch to voters: that boosting pay to millions of workers is a bad idea. At least four states are set to vote on measures to make restaurants …
Posted: May 29, 2024
Life and health reinsurer Reinsurance Group of America (RGA) announced that Axel André will join as Executive Vice President on June 24, 2024, becoming CFO on August 5, while Todd Larson transitions to Special Advisor to the CEO until his retireme...
Posted: May 29, 2024
The latest community left with shattered homes and no power was the tiny Kentucky town of Charleston, which took a direct hit Sunday night from a tornado that the governor said appeared to be on the ground for 40 miles …
Posted: May 29, 2024
The federal Occupational Safety and Health Administration (OSHA) reports it has reached a settlement agreement with a New Jersey contractor after a worker suffered a fatal fall at a Bayonne worksite in October 2023. The settlement followed an OSHA in...
Posted: May 29, 2024
The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the next 10 years. The …
Posted: May 29, 2024
Insurtech hyperexponential has hired Risa Ryan as head of US P/C. Risa was most recently chief underwriting officer at Sompo International. She will be based in New York. She has over 25 years of industry experience, having spent over a …
Posted: May 29, 2024
Contractor fraud, a growing nationwide problem, costs Americans billions every year, impacting not only individuals but also insurance premiums throughout the industry, the Coalition Against Insurance Fraud (CAIF) has stated. Catastrophic events s...
Posted: May 29, 2024
Insurance Business Magazine - US
Posted: May 29, 2024
After a cyberattack on Christie’s auction house earlier this month, a hacker group called RansomHub claimed responsibility. In a post on the dark web Monday, RansomHub said that it had gained access to the personal information of the firm’...
Posted: May 29, 2024
The specialist insurer of defined benefit pension schemes, Pension Insurance Corporation plc (PIC), has concluded a £204 million full buy-in of the Arqiva Defined Benefit Pension Plan. The transaction reportedly secures the pensions of deferred an...
Posted: May 29, 2024
McGriff, a US retail insurance broker, reports that cyber insurance market rates in 2024 remain stable as businesses strengthen their cybersecurity measures. Businesses opting for higher retention levels or deductibles are also benefiting from pre...
Posted: May 29, 2024
Descartes Underwriting, a Paris-based managing general agent (MGA) focused on parametric insurance solutions, has appointed Matthew James as its new Commercial Director – UK & Ireland. He will be taking over the role from Paul Jones, who is le...
Posted: May 29, 2024
Ariel Green, a division of Ariel Re, has expanded Lloyd’s first ever Technology Performance Insurance (TPI) Consortium. First launched in 2023, Ariel Green has renewed the consortium and grown the number of markets participating and capacity av...
Posted: May 29, 2024
Lloyd’s, a global insurance and reinsurance marketplace, has announced the signing of a Memorandum of Understanding (MoU) with the Bermuda Monetary Authority (BMA) to bolster its commitment to driving innovation and education access. The initiativ...
Posted: May 29, 2024
Vienna Insurance Group (VIG) has revealed that its gross written premiums increased to €4.3 billion in the opening quarter of 2024, up by 11% compared to 2023’s Q1 figure of €3.9 billion. Hartwig Löger, CEO and Chairman of the Managing Board...
Posted: May 29, 2024
Bermuda-domiciled re/insurer SiriusPoint Ltd has appointed Susan Cross as Board Director, effective May 24th, 2024. The addition of Cross to the SiriusPoint Board brings the total number of members to 10. Cross is an industry veteran with over 40...
Posted: May 29, 2024
Ariel Green, a division of Ariel Re, has expanded the Lloyd’s Technology Performance Insurance (TPI) Consortium to protect clean energy technologies and projects. First launched in 2023 following Ariel Green’s rebranding, the Consortium has...
Posted: May 29, 2024
Specialty property insurer Palomar Holdings has announced the completion of its 2024 reinsurance renewal, raising the top of its tower to $3.06 billion for earthquake events, $735 million for Hawaii hurricane events, and $117.5 million for all con...
Posted: May 29, 2024
A ship was hit by missiles for a second time while sailing through the Red Sea on Tuesday, the UK Maritime Trade Operations said. The master of the vessel reported being struck again by missiles 33 nautical miles northwest of …
Posted: May 29, 2024
A bulk carrier has taken on water and is leaning to the side after being attacked while sailing through the Red Sea, underscoring the continuing risks facing ships trying to navigate a waterway long critical to global trade. The Laax …
Posted: May 29, 2024