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Posted: May 14, 2024
Jensten, the London-based independent insurance broking and underwriting group, announced a reorganization that aims to drive growth, bolster continued acquisitions, and expedite the integration of future acquisitions. This move closely follows the r...
Posted: May 14, 2024
Everest Insurance, the insurance arm of Bermuda-based re/insurer Everest Group, Ltd., has officially launched its Australian Insurance operations after receiving approval from the Australian Prudential Regulation Authority. This launch is key in e...
Posted: May 14, 2024
Venture capital firm Accel said on Tuesday it has raised a $650 million fund to invest in early-stage companies in Europe and Israel with a focus on artificial intelligence and cybersecurity. The new fund will be Accel’s eighth since opening &#...
Posted: May 14, 2024
Global reinsurer Hannover Re has announced a 15% rise in net income to €558 million in its first quarter 2024 results, with a reinsurance underwriting result of €720 million, up 27% year-on-year. Group-wide, Hannover Re’s operating profit ro...
Posted: May 14, 2024
According to the latest Insurance Economics Outlook from the Insurance Information Institute (Triple-I), property/casualty replacement costs in the US are currently rising more slowly than overall inflation and are expected to maintain this trend...
Posted: May 14, 2024
European Union countries gave their final approval on Monday to a law to cut carbon dioxide emissions from trucks, which will require most new heavy-duty vehicles sold in the EU from 2040 to be emissions-free. The law will enforce a …
Posted: May 14, 2024
Everest Insurance, the insurance arm of Bermuda-based re/insurer Everest Group, Ltd., has appointed four U.S. regional executives as part of a strategic realignment. The changes see the firm’s retail business realign to four distinct regions...
Posted: May 14, 2024
Everest launched its Australian Insurance operations after receiving approval from the Australian Prudential Regulation Authority. The business will operate under the name Everest Insurance Australia with offices in Sydney and Melbourne. Christian Co...
Posted: May 14, 2024
Insurance broker WTW announced a partnership with Ukrainian insurer, VUSO, to provide a London-market-backed facility covering cargo and, crucially, war-on-land risks. This exclusive facility – which WTW describes as a market first – provides prearra...
Posted: May 14, 2024
FloodFlash, a parametric flood insurer, has added a Dealer program, which is designed to support vehicle sales and rental businesses that have been denied flood coverage, as it looks to support more US businesses ahead of the 2024 Atlantic hurrica...
Posted: May 14, 2024
Firefighters on Monday battled a large wildfire heading towards a remote western Canadian town as winds and tinder dry conditions threatened to spread the flames further, a provincial minister said. The largely evacuated town of Fort Nelson in Britis...
Posted: May 14, 2024
Tesla has settled a lawsuit by a former factory employee who says she was fired for complaining about severe sexual harassment, as the electric carmaker faces a series of sex and race discrimination lawsuits. U.S. District Judge William Orrick in ...
Posted: May 14, 2024
The Federal Trade Commission’s recently approved ban on noncompete agreements likely won’t survive court challenges, but that doesn’t mean the ban won’t become a model for a number of state legislatures to follow in coming mon...
Posted: May 14, 2024
TUSCALOOSA, Ala. (AP) — After 20 years at the Mercedes-Benz factory in Alabama, Brett Garrard said he is “not falling for the lies anymore” and will vote for a union. The company has repeatedly promised to improve pay and conditions, R...
Posted: May 14, 2024
On the afternoon of May 3, Roger Fortson opened the door of his Florida apartment with a gun in his hand and was immediately shot six times by a sheriff’s deputy responding to a complaint about an argument. Fortson’s supporters …
Posted: May 14, 2024
The widow of a man who died after his Tesla veered off the road and crashed into a tree while he was using its partially automated driving system is suing the carmaker, claiming its marketing of the technology is dangerously …
Posted: May 14, 2024
A tractor-trailer hauling about 15 million honey bees to be used to pollinate blueberry fields crashed and overturned on Interstate 95, officials in Clinton, Maine said. The driver was taken to the hospital as a precaution Thursday night while first...
Posted: May 14, 2024
California Senate Bill 553 is groundbreaking legislation that aims to prevent workplace violence and enhance employee safety and security in California. The law elevates California’s commitment to protecting workers, customers, and companies by...
Posted: May 14, 2024
A former New York City assistant district attorney and his husband are suing the city, claiming its health plan discriminates against gay male couples by denying them coverage of in vitro fertilization benefits. The city plan’s definition of &#...
Posted: May 14, 2024
A truck driver fell asleep at the wheel before striking a construction vehicle and killing three workers on the shoulder of a Pennsylvania highway in April, authorities said Friday. Pennsylvania State Police said the 24-year-old driver from Roxbury,...
Posted: May 14, 2024
Tokio Marine HCC Specialty Group, a member of the Tokio Marine HCC group of companies, has launched a new Product Recall offering in London, with two senior appointments to its Crisis Management team. Mark Hutton has been appointed to the newly cr...
Posted: May 14, 2024
A dozen Southern California residents are reported to have conspired to create fraudulent insurance claims to illegally collect more than $350,000. They were arrested last week after an investigation reportedly discovered a large-scale organized auto...
Posted: May 14, 2024
Andy Anguis joined Crest Insurance Group as a commercial lines broker in the company’s Chandler, Arizona, office. Anguis’ 25 years of experience includes commercial lines, sales/service leadership, recruiting, claims, personal lines, work...
Posted: May 14, 2024
This post is part of a series sponsored by AgentSync. Why partnership is key to a successful software implementation and how AgentSync’s proven methods yield results for customers You’ve done your research. You’ve watched the demos....
Posted: May 13, 2024
As premiums in commercial property continue to rise, understanding the loss trends and having the right partners in place are a necessity. The post
Posted: May 13, 2024
Trawick International’s affiliate, SureGo Administrative Services, will manage distribution, new business enrollment, provider relations, and claims handling.
Posted: May 13, 2024
The trade disruption product provides financial protection against disruptions to supply chains, to scrutinize and enhance ethical practices throughout sourcing processes.
Posted: May 13, 2024
Insurance Information Institute
For Immediate Release Triple-I: Loretta Worters, [email protected] Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman NEW YORK, MAY 14, 2024 – The U.S. property/casualty industry saw its second consecutive year of underwriting losses,...
Posted: May 13, 2024
Air quality has turned unhealthy for parts of the Upper Midwest in the US, including the Twin Cities of St. Paul and Minneapolis, as smoke drifts south from ongoing Canadian forest fires, according to AirNow.gov. The US National Weather Service ̷...
Posted: May 13, 2024
Survey Finds More Employees Bringing Their Own AI to Work According to...
Posted: May 13, 2024
Posted: May 13, 2024
Insurance Business Magazine - US
Posted: May 13, 2024
Insurance Business Magazine - US
Posted: May 13, 2024