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Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry

Carrier Management

Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry The insurance industry came in sixth in a...

Posted: May 29, 2024

Additional capital returns are looking more likely in 2025: J.P. Morgan

Reinsurance News

Prices are expected to start reducing in the medium term, which likely points towards reaching the end of a positive earnings upgrade cycle with the market entering a face where capital returns will possibly emerge, according to analysts. J.P. Mor...

Posted: May 29, 2024

hyperexponential appoints Risa Ryan as Head of US P&C

Reinsurance News

hyperexponential, a UK-based pricing decision intelligence platform for re/insurers, has appointed Risa Ryan as Head of US P&C. According to the firm, this move represents a significant milestone after growing rapidly over the last few years....

Posted: May 29, 2024

Raghu Ramachandran joins ARM as Director of Life & Annuity

Reinsurance News

Actuarial Risk Management Ltd. (ARM) has appointed Raghu Ramachandran as the Director of its Life & Annuity insurance consulting division, effective immediately. As a seasoned investment expert, Ramachandran brings a distinguished career to AR...

Posted: May 29, 2024

PwC Lost Five China Clients After Evergrande-Linked Probe

Insurance Journal

PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its stopped auditing in the country in the last two years. China Taiping Insurance Holdings Co. said on May 27 it …

Posted: May 29, 2024

Blackstone makes senior appointment in Blackstone Credit & Insurance teams

Reinsurance News

Blackstone, the alternative asset manager, has appointed Dan Leiter as the Head of International for Blackstone Credit and Insurance (BXCI). Leiter in this role will report to Gilles Dellaert, Global Head of BXCI, with his remit including leading...

Posted: May 29, 2024

Top Insurer to Leave Colombia’s Public Health System Amid Petro Squeeze

Insurance Journal

One of Colombia’s biggest health insurers will gradually cease operations in the country’s public system to avoid further deterioration in its finances. Grupo de Inversiones Suramericana SA’s public insurance unit, which is known as...

Posted: May 29, 2024

Invent and AFI develop credit insurance product for Zimbabwe bound exports

Reinsurance News

Zimbabwean actuarial consultancy firm, Invent Multiple Agents and Actuaries, is in the process of developing a trade credit insurance product for Zimbabwe bound exports coming from South Africa to be issued by Asset Finance Insurance South Africa...

Posted: May 29, 2024

Growing Shadow Fleet of Tankers, Shipping Sanctioned Oil, Are Burning Dirty Fuel

Insurance Journal

The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to cut shipping emissions, according to shipping data and s...

Posted: May 29, 2024

One80’s new AI warranty coverage to protect enterprises against unreliable AI models

Reinsurance News

One80 Intermediaries, a specialty insurance broker, has announced the launch of artificial intelligence (AI) warranty coverage. Described as it to be the first of its kind warranty product, it was designed to protect enterprises and third-party AI...

Posted: May 29, 2024

Bayer Fights for Survival as Roundup Lawsuits Burn Cash

Insurance Journal

Bayer AG Chief Executive Officer Bill Anderson said the wave of lawsuits over its Roundup weedkiller is an “existential” threat to the company and farmers, ratcheting up the stakes as it considers a controversial legal maneuver. “Th...

Posted: May 29, 2024

Tesla Settles Fatal Crash Suit as Another Jury Trial Loomed

Insurance Journal

Tesla Inc. has reached a deal to resolve a lawsuit over the death of a Model S passenger in a fiery 2016 crash, marking the second time in two months the electric-vehicle maker has avoided a jury trial in California …

Posted: May 29, 2024

Four More Charged in Staged Auto Accident Scheme in Miami

Insurance Journal

Florida authorities have nailed another alleged accident-staging group, one that collected more than $50,000 in personal injury protection benefits from auto insurance companies. Bryan Carlos Hernandez, Rusland Rivero Tellez, Juan Fonseca Lauzao and...

Posted: May 29, 2024

USAA adds insurance veteran Ross Buchmueller to Board of Directors

Reinsurance News

USAA, a provider of insurance, banking, and investment and retirement solutions to members of the US military, has announced the addition of a new member to its Board of Directors, Ross Buchmueller, who brings deep expertise in the insurance indus...

Posted: May 29, 2024

People Moves: The Liberty Company Names Pope VP, Executive Lines in California

Insurance Journal

The Liberty Company Insurance Brokers named Katie Pope vice president, executive lines. Pope is based in Los Angeles. Pope began her insurance career at Lockton, where she was most recently an account executive. She was previously a consulting market...

Posted: May 29, 2024

Idaho Drag Performer Awarded $1.1M in Defamation Case

Insurance Journal

A jury has awarded more than $1.1 million to an Idaho drag performer who accused a far-right blogger of defaming him when she falsely claimed that he exposed himself to a crowd, including children, during a Pride event in June …

Posted: May 29, 2024

First Amendment Does Not Protect Social Media Retaliation Against Employees

Insurance Journal

A federal court in Vermont recently ruled that the First Amendment does not protect a construction firm and its officials using social media to retaliate against employees who exercise their rights under federal labor law. The decision by the U.S. &#...

Posted: May 29, 2024

Corvus Insurance Doubles Underwriting Offering, Expands Small Business Cyber Offering

IIR

A transition to Traveler’s paper for its core Cyber and Tech E&O products has enabled an increase in the scope of business the MGA/MGU can write.

Posted: May 28, 2024

5 Benefits of Effective Leadership Coaching

IA Magazine

Leadership coaching is a collaborative process and partnership between a leader and a trained coach. Here are five its benefits.

Posted: May 28, 2024

Authentic Insurance $11M in Series A Round Led by FirstMark Capital

IIR

The company provides the infrastructure for franchisors, software companies or associations to roll out their own ‘captive’ insurance offering.

Posted: May 28, 2024

Preventing Insurance Fraud in the Age of Big Data

Insurance Thought Leadership

Preventing Insurance Fraud in the Age of Big Data Operational Efficiency ClareCarroll1

Posted: May 28, 2024

Gone Phishing: How to Avoid Ransomware

Insurance Thought Leadership

Gone Phishing: How to Avoid Ransomware Cyber ClareCarroll1

Posted: May 28, 2024

CROs' Pivotal New Role at Life Insurers

Insurance Thought Leadership

CROs' Pivotal New Role at Life Insurers Life & Health ClareCarroll1

Posted: May 28, 2024

How to Predict Healthcare Costs

Insurance Thought Leadership

How to Predict Healthcare Costs Life & Health ClareCarroll1

Posted: May 28, 2024

Orca AI raises $23 million and partners with NorthStandard

coverager

Since its inception in 2018, the Tel-Aviv-based company has raised $38.6 million.

Posted: May 28, 2024

Mosaic & other Lloyd’s syndicates partner with Safe Security

coverager

The Safe Security platform can predict the likelihood of cyber breaches across a corporate environment.

Posted: May 28, 2024

Beyond partners with Extend

coverager

Beyond will now offer shipping and product protection by Extend.

Posted: May 28, 2024

What Clients Must Know About Extreme Weather

Insurance Thought Leadership

What Clients Must Know About Extreme Weather Agent & Broker ClareCarroll1

Posted: May 28, 2024

Shifting Political Risk Perceptions Amid Geopolitical Tensions, ‘Gray Zone Aggression’

Risk & Insurance

Geopolitical tensions escalate as multinational companies confront heightened political risks, with a focus on Europe, Russia, and "gray zone aggression," reports WTW and Oxford Analytica. The post

Posted: May 28, 2024

Texas Panhandle Prepares for State’s Next Big Wildfire

Insurance Journal

LUBBOCK — Spring rains have revived much of the green grass covering stretches of plains in the Texas Panhandle — the same land that, just three months ago, was black from fire and ash after wildfires burned more than 1 …

Posted: May 28, 2024

Illinois Roofing Contractor to Pay $365K for Endangering Employees

Insurance Journal

Joshua Herion, a Waukegan, Illinois roofing contractor who has routinely endangered employees by ignoring federal workplace standards and penalties assesses for its violations since 2014, has paid $365,576 in fines and interest, after the U.S. Depart...

Posted: May 28, 2024

Citigroup Asks 600 US Staffers to Return to Office Full-Time

Insurance Journal

Citigroup has asked its 600 U.S. employees, who are eligible to work remotely, to return to office fulltime, it said on Friday as regulatory requirements make it hard for Wall Street banks to allow offsite work for roles such as …

Posted: May 28, 2024

High Wind Warnings Ignored Before Deadly Mexico Stage Collapse

Carrier Management

High Wind Warnings Ignored Before Deadly Mexico Stage Collapse Warnings were issued well before a campa...

Posted: May 28, 2024

U.S. Safety Agency Urges Bridge Checks Across Nation

Carrier Management

U.S. Safety Agency Urges Bridge Checks Across Nation A new recommendation by a the National Transportation Safet...

Posted: May 28, 2024

OpenAI Forms New Safety Committee

Carrier Management

OpenAI Forms New Safety Committee OpenAI has formed a Safety and Security Committee that will be led by...

Posted: May 28, 2024