All Posts
The hits keep coming for West Virginia Gov. Jim Justice and his coal companies. The U.S. 4th Circuit Court of Appeals last week agreed to dismiss an appeal brought by Justice’s Southern Coal Corp. against its workers’ compensation insurer...
Posted: May 28, 2024
Itasca MGA, a specialist aviation-focused managing general agent (MGA) established in 2023 by Castlelake and Pine Walk, has announced the appointment of Gareth John as Chief Executive Officer (CEO) and Director. Operating within the Pine Walk plat...
Posted: May 28, 2024
The Biden administration unveiled a framework for using carbon offsets to drive climate progress, with principles it says are meant to help ensure the trading regimes deliver real emissions reductions — not a green mirage. The documents released Tues...
Posted: May 28, 2024
Regulations have tightened the use of “Medicare” in advertising.
Posted: May 28, 2024
Amwins IQ's new flood capability is live in 21 states.
Posted: May 28, 2024
Specialty insurance broker One80 Intermediaries, in partnership with the Oregon FAIR Plan Association, has announced the expansion of its homeowners’ coverage throughout the state of Oregon, US. Effective immediately, One80 and its carrier partner...
Posted: May 28, 2024
This edition of International People Moves details appointments at Blenheim Underwriting’s Syndicate 5886 and the MGA Pen Underwriting. A summary of these new hires follows here. Blenheim Syndicate 5886 Taps Barber From Fortegra as Sr. Liabilit...
Posted: May 28, 2024
Petcare, food and candy company Mars Inc. has lost its bid to revive its claims against Factory Mutual Insurance Co. for business interruption losses it incurred during the coronavirus pandemic. The Fourth Circuit Court of Appeals last week upheld th...
Posted: May 28, 2024
The same weather system that spawned deadly tornadoes in Texas, Oklahoma and Arkansas also killed five people in western Kentucky and left hundreds of properties damaged. Local news reports said that people died in Mercer County, Hardin County, Hopki...
Posted: May 28, 2024
Mosaic 1609 and other participating Lloyd’s syndicates have partnered with Safe Security to streamline cyber insurance solutions through newly launched facility Incyde Risk. According to the announcement, the new facility will provide up to...
Posted: May 28, 2024
Families of four of the five Marines killed when their Osprey crashed in California in June of 2022 filed a federal lawsuit alleging that the aircraft’s manufacturers failed to address known mechanical failures that led to the deaths. The Marin...
Posted: May 28, 2024
Global credit ratings agency AM Best has revised its market segment outlook on the Philippine non-life insurance market to stable from negative, citing a variety of factors that include strong investment yields amid insurance market and economic g...
Posted: May 28, 2024
New Talc-Related Class Action Lawsuit Goes After J&J for Fraudulent Conveyance...
Posted: May 28, 2024
WATERBURY, Conn. (AP) — The estate of a young dancer who died after eating a mislabeled cookie containing peanuts has filed a wrongful death lawsuit, claiming the failure to properly label the package was grossly negligent. Órla Ruth Baxendale, 25, &...
Posted: May 28, 2024
Cover Whale Insurance Solutions, Inc., has announced a $27.5 million funding boost in debt and equity from investment funds managed by Morgan Stanley Expansion Capital. This round of funding, which includes existing debt investors converting into...
Posted: May 28, 2024
In Japanese yen, the profit figure that Tokio Marine Holdings projects for 2024 is ¥1 trillion. While the forecast may seem less extraordinary in U.S. dollars of roughly $6.7 billion, either way it’s a 40% jump over 2023. Executives from …...
Posted: May 28, 2024
Approximately 10% of low-income and immigrant New Yorkers live in areas with basement apartments that are at high risk of flooding, according to a report released by the Federal Reserve Bank of New York. The report,”Flood Risk and Basement Hous...
Posted: May 28, 2024
The Property & Casualty (P&C) industry began 2024 in a stronger position compared to 2023, driven by 25 consecutive quarters of premium increases, improved investment returns for insurers, and a relatively mild hurricane season, highlights...
Posted: May 28, 2024
Zurich Singapore has appointed Matt Graves as its new Chief Claims Officer, reporting directly to Liam Burrell, Chief Executive Officer of Singapore and Head of Commercial Insurance Asia. Graves’ remit will include an enterprise-wide responsibilit...
Posted: May 28, 2024
Strong gales and heavy rain triggered by the first major cyclone of the year lashed the coastlines of India and Bangladesh on Monday, killing at least 16 people and cutting power to millions. The winds had not stopped as night …
Posted: May 28, 2024
Pacific Life Re, the global reinsurer and wholly owned subsidiary of Pacific Life, has announced an asset-intensive reinsurance agreement in Japan with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life). The deal, covering in-force...
Posted: May 28, 2024
Pie Insurance survey reveals small businesses' top safety concerns, lack of heat preparedness, and some bizarre workplace injury claims The post
Posted: May 28, 2024
French reinsurer CCR Re has announced the return of Cédric Boureau as a Senior Actuary Underwriter, responsible for underwriting in the regions of Asia and Africa, reporting to John Conan. Boureau has returned to the French reinsurer after four ye...
Posted: May 28, 2024
UK insurer Legal & General Assurance Society Limited has successfully completed a buyout with the Nortel Networks UK Pension Plan, which belonged to the now-bankrupt telecommunications company Nortel Networks. This latest agreement secures the...
Posted: May 28, 2024
Women make up a smaller proportion of top earners in British financial and professional services than before the COVID-19 pandemic, research from the London School of Economics and Political Science (LSE) showed on Monday. Women made up 19.4% of the...
Posted: May 28, 2024
Women make up a smaller proportion of top earners in British financial and professional services than before the COVID-19 pandemic, research from the London School of Economics and Political Science (LSE) showed on Monday. Women made up 19.4% of the...
Posted: May 28, 2024
In partnership with The Vistria Group and founded by industry leader Jeff Turner, Crestfield Risk has recently launched as a platform to unite and support leading independent insurance agencies across the US. The platform aims to equip agencies wi...
Posted: May 28, 2024
A group of around 40 large European and American institutional investors on Tuesday urged companies to refrain from taking shareholders to court over disagreements relating to their proposals. The group, which represents $4.4 trillion in assets under...
Posted: May 28, 2024
Kairos Risk Solutions, a Singapore-based boutique insurance solutions consultancy, has announced the appointment of industry veteran Andre Siregar as Chief Technology Officer. In his new role, Siregar will lead the development and implementation o...
Posted: May 28, 2024
Identifying the workplace movements that can lead to musculoskeletal injury is a key focus of 3motionai. The post Reed Hanoun and Dr. Jake...
Posted: May 28, 2024
Higher interest rates worldwide are reportedly transforming the outlook for life insurance growth and profitability, with a new high anticipated for US fixed annuity sales this year after record sales in 2022 and 2023, as per a new Swiss Re Instit...
Posted: May 28, 2024
ABN Amro Bank NV became the latest European lender to suffer a data breach through one of its suppliers as criminals seek to exploit weaker links adjacent to banking. The Dutch bank said in a statement Friday unauthorized parties may …
Posted: May 28, 2024
Blenheim Underwriting has announced the appointment of a new Senior Liability Treaty Underwriter for Syndicate 5886, David Barber, who aims to build a portfolio of niche liability classes, written via long-standing delegated authority/ reinsurance...
Posted: May 28, 2024
Earnix, a provider of AI-based SaaS solutions, highlights the crucial role synthetic data will play in the future success of the specialty London insurance market in a recent report. According to Gartner, the use of synthetic data in commercial ap...
Posted: May 28, 2024
Reinsurance Group of America, Incorporated (RGA), a global life and health reinsurance company, has reached an agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life) to reinsure an approximately JPY 100 billion paid-up bl...
Posted: May 28, 2024