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As cars and trucks get smarter and more connected, the humble lights that have controlled the flow of traffic for more than a century could also be on the cusp of a major transformation. Researchers are exploring ways to use …
Posted: May 14, 2024
TOPEKA, Kan. (AP) — Kansas could soon offer up to $5 million in grants for schools to outfit surveillance cameras with artificial intelligence systems that can spot people carrying guns. But the governor needs to approve the expenditures and the R...
Posted: May 14, 2024
McGill and Partners has appointed Sidney Prasse as Partner in its Financial Lines and Special Risks team. Prasse has over 6 years of experience in the insurance industry, having joined the firm in February 2023 as an Associate focusing on cyber an...
Posted: May 14, 2024
Insurance Business Magazine - US
Posted: May 14, 2024
Insurance Business Magazine - US
Posted: May 14, 2024
That moment when you realize: Implementation’s the vital step that no one talked about.
Posted: May 14, 2024
2024 Atlantic Hurricane Season Expected to Be Busier Than Usual With the start of hurricane season less...
Posted: May 14, 2024
The product provides comprehensive event cancellation coverage for a wide range of UK and European regional events.
Posted: May 14, 2024
The companies are announcing a longevity preparedness research.
Posted: May 14, 2024
Climate litigation is on the rise globally, with oil and gas companies as primary targets, potentially influencing future insurance policies: S&P The post
Posted: May 14, 2024
Omnichannel Strategies Improve Insureds Satisfaction From Our Partners sradomski
Posted: May 14, 2024
Omnichannel Strategies Improve Insureds' Satisfaction From Our Partners sradomski
Posted: May 14, 2024
A group of Republican-led U.S. states filed a lawsuit seeking to block the U.S. Equal Employment Opportunity Commission from enforcing broad legal protections for transgender workers. The 18 states filed the complaint in federal court in Knoxville, T...
Posted: May 14, 2024
At a recently held Board of Governors meeting, Jennifer Montero, Chief Financial Officer (CFO) of Florida’s Citizens Property Insurance Corporation, said that the insurer of last resort is expecting a slightly higher rate on line as the Boar...
Posted: May 14, 2024
The top US auto-safety regulator opened an investigation into Waymo, the autonomous-vehicle subsidiary of subsidiary of Alphabet Inc., after 22 incidents in which the company’s cars were involved in collisions or may have violated traffic laws....
Posted: May 14, 2024
WTW has unveiled a new collaboration between its WTW Research Network (WRN), and two academic researchers, designed to support the brokers advisory services on key security aspects of climate change, which are often seen as being overlooked, and r...
Posted: May 14, 2024
Banco Santander SA said data managed by an external party was accessed without authorization, affecting information of clients and staff. “We recently became aware of an unauthorized access to a Santander database hosted by a third-party provid...
Posted: May 14, 2024
Specialty insurer Mosaic Insurance has bolstered its global transactional tax-liability team by appointing two tax-risk specialists: Camille Zabukovec and Roktim Kaushik. Zabukovec joined Mosaic’s London office as a Assistant Vice President,...
Posted: May 14, 2024
How Do Customers Prefer to Resolve Payment Issues? From Our Partners sradomski
Posted: May 14, 2024
Hospital operator Ascension said on Monday that it “worked around the clocked” over the weekend to handle a recent ransomware attack that disrupted operations. “We are focused on restoring systems safely. We are making progress, how...
Posted: May 14, 2024
Insurance Europe has written a letter to the European Commission (EC) calling for the technical negotiations of the EU’s Solvency II review to stay aligned with the political agreement and EU goals on climate change, financing the green and digita...
Posted: May 14, 2024
Catastrophe Bonds Use Models Underestimating Climate Risks, Investors Say...
Posted: May 14, 2024
What Risks Do Advanced AI Models Pose in the Wrong Hands? The Biden administration is poised to open up a new front...
Posted: May 14, 2024
F&G Annuities & Life, Inc. (F&G), has appointed John Currier as President, where he will maintain his reporting line to CEO Chris Blunt while overseeing the Retail Markets business unit alongside his new role. Before becoming President...
Posted: May 14, 2024
The 22 acquirers that make up the Sica Fletcher Index were involved in 111 agent-broker deals in the first quarter 2024, totaling $284 million in revenue. That is a 21% drop in revenue from what was acquired during the same …
Posted: May 14, 2024
As the insurance market and its customers realise the potential of artificial intelligence (AI), it is yet not very clear how to apply the technology in a way that delivers enhanced engagement, and in turn, sales, Swiss Re’s Daniel Levy has stated...
Posted: May 14, 2024
In a recent report from BMO Capital Markets, analysts suggest that companies are coming to the realisation that more recent 2020-2023 vintages are also slightly under-reserved, similar to older 2019 and prior vintages. The report highlights that r...
Posted: May 14, 2024
Florida’s Citizens Property Insurance Corporation, the state’s insurer of last resort, is still targeting as much as $5.5 billion of reinsurance coverage for 2024 but has increased the budget for the entire program to up to $750 million. Doc...
Posted: May 14, 2024
XPT Specialty, a wholesale broker for commercial and personal insurance, has announced the appointment of Suzette Torres as Vice President of Personal Lines, who joins the business to spearhead the growth for this line of products. Torres’ additio...
Posted: May 14, 2024
Jean-Jacques Henchoz, CEO of global reinsurer Hannover Re, has suggested that the stable outlook for the P&C market is set to continue, given there are no significant new entrants in the space. Henchoz’s comments stem from Hannover Re...
Posted: May 14, 2024
Christopher Cavallaro is joining Coaction’s Board as Independent Board Director, effective in May of 2024. Cavallaro joins the specialty P&C insurer’s Board having built a distinguished career in the professional lines space, including foundin...
Posted: May 14, 2024
A new networking and professional development group is funneling young people into the captive industry. Let’s take a look at their first year. The post
Posted: May 14, 2024
The flood of data to interpret — from predictive analytics and the ongoing complexity of insurance policies — leaves adjusters with plenty of work to do. The question is how to best support them. The post
Posted: May 14, 2024
AXA XL Reinsurance has announced the appointment of Ian Sawyer to the newly expanded role of Head of London Casualty, Reinsurance. In his new capacity, Sawyer will be responsible for the US and International Casualty Treaty propositions in London...
Posted: May 14, 2024
Insurance Business Magazine - US
Posted: May 14, 2024
UK broker and underwriter Jensten has announced a strategic restructure which is anticipated to help the business drive further growth and bolster continued acquisition success. It has been confirmed that the organisation is splitting its Wholesal...
Posted: May 14, 2024
This edition of International People Moves details appointments at AXA XL Reinsurance and Fusion Specialty. A summary of these new hires follows here. AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance AXA XL Rei...
Posted: May 14, 2024
As per a new report from S&P Global Ratings, the recent floods in Rio Grande do Sul, Brazil, may increase demand for catastrophic risk coverage, likely pushing up prices and premiums for this coverage type. Heavy rains started in Rio Grande do...
Posted: May 14, 2024
Aon has developed a new insurance product for international transport and storage companies engaging in storing carbon dioxide. According to the firm, this new product will provide cover for key risk exposures associated with Carbon Capture and St...
Posted: May 14, 2024
Bermuda-domiciled re/insurer Hamilton Insurance Group, Ltd. has appointed Wilfred Chin to the newly-created Group Chief Actuary role, effective May 1st, 2024, reporting to Alex Baker, Group Chief Risk Officer. Chin joined Hamilton in late 2023 fro...
Posted: May 14, 2024