All Posts

Does a Homeowners Policy Cover a Water-Damaged Subfloor That Contains Asbestos?

IA Magazine

After the client submitted a claim, the restoration company found asbestos in the subfloor that was damaged in the claim incident. The adjuster is denying any coverage for the removal of the subfloor.

Posted: May 09, 2024

Dallas to Atlanta Brace for Severe Thunderstorms: Weather Watch

Insurance Journal

Nearly 22 million people from Dallas to Atlanta will face another round of severe thunderstorms bringing downpours, hail and possibly tornadoes. For the last week, the central and southern US have been battered by ferocious storms and flooding that a...

Posted: May 09, 2024

How to Find & Attract the Talent We Need

Insurance Thought Leadership

How to Find & Attract the Talent We Need sradomski Thu, 05/09/2024 - 16:54 Image

Posted: May 09, 2024

CoverTree raises $13 million

coverager

CoverTree is an MGA and coverage was designed in partnership with Markel.

Posted: May 09, 2024

Hamilton announces share repurchase from funds affiliated with Blackstone

coverager

The company recently released its financial results for the first quarter, ending the period with $157.2 million in net income. 

Posted: May 09, 2024

Neal Rubin Named as Senior Vice President, Benefits for The Liberty Company Insurance Brokers

Risk & Insurance

The latest people news in the industry today. The post Neal Rubin Named as Senior Vice Presi...

Posted: May 09, 2024

Erin Osborne Appointed as Head of U.S. Excess Casualty at Ascot Group

Risk & Insurance

The latest people news in the industry today. The post Erin Osborne Appointed as Head of U.S. Excess Casualty at Asc...

Posted: May 09, 2024

Jen Blair Appointed as Global Director of Property & Casualty and Product Development at WBN

Risk & Insurance

The latest people news in the industry today. The post Jen Blair Appointed as Global Director...

Posted: May 09, 2024

Hart Humble Appointed as Head of Customer & Broker Engagement for South Central U.S., BHSI

Risk & Insurance

The latest people news in the industry today. The post Hart Humble Appointed as Head of Customer &...

Posted: May 09, 2024

Katherine August-deWilde Joins Newfront’s Board of Directors

Risk & Insurance

The latest people news in the industry today. The post Katherine August-deWilde Joins Newfront’s Board of Directors...

Posted: May 09, 2024

Marsh introduces MiCAssure

coverager

MiCAssure is a new and proprietary insurance solution for crypto-asset service providers.

Posted: May 09, 2024

All 50 States in Just 2 Minutes: How Service Insurance Companies Went National in No Time

coverager

Historically, Howard spent weekends catching up on producer appointments.

Posted: May 09, 2024

Plymouth Rock Home Assurance partners with Fetch Pet

coverager

Plymouth Rock policyholders will be able to receive up to a 10% discount on pet insurance for the life of their pet through Fetch.

Posted: May 09, 2024

6 Questions for Charles Taylor’s Robbie Arnold on Managing Extreme Weather Event Claims

Risk & Insurance

Extreme weather has had a significant impact on claims and the insurance industry in recent years. Robbie Arnold explains what insurers — and policyholders — can do to handle it. The post

Posted: May 09, 2024

People Moves: Leif Assurance Promotes Langworthy to Enterprise Relationship Manager

Insurance Journal

Leif Assurance, a full-service insurance agency that exclusively handles construction insurance, has promoted Melinda Langworthy to the role of Enterprise Relationship Manager. Prior to this new position, she served as the company’s Senior Sale...

Posted: May 09, 2024

After Deadly Oklahoma Tornado, Storms Bring Twisters to Midwest

Insurance Journal

DETROIT (AP) — Severe storms battered the Midwest on Tuesday, unleashing a curtain of heavy rain, gusty winds and tornadoes throughout the region a day after a deadly twister ripped through a small Oklahoma town and killed at least one …

Posted: May 09, 2024

Alera Group Acquires Texas’ Trimble-Batjer

Insurance Journal

Alera Group announced the acquisition of Texas-based Trimble-Batjer. Founded in 1883, Trimble-Batjer provides surety and bonds, business solutions, employee benefits and insurance coverage for auto, home, health and life. The San Angelo agency specia...

Posted: May 09, 2024

AM Best Revises Ohio Indemnity Company’s Outlook to Positive

Insurance Journal

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Ohio Indemnity Company (OIC) (Columbus, OH). The Credit Ra...

Posted: May 09, 2024

Markets/Coverages: Plymouth Rock Offers Discount on Pet Coverage From Fetch

Insurance Journal

Northeast auto and home insurer Plymouth Rock Home Assurance and pet insurer Fetch are cooperating on a deal that offers Plymouth Rock insureds a 10% discount on pet insurance for the life of their pet through Fetch. The discount is …

Posted: May 09, 2024

James River starts 2024 with net income growth in Q1

Reinsurance News

James River Group Holdings Ltd. has released its financial results for the first quarter of 2024 reporting a net income of $20.9 million and a combined ratio of 95.3%. These results compared to the prior year first quarter’s when the company repor...

Posted: May 09, 2024

U.S. Safety Agency Seeks to Know How Tesla Developed, Verified Autopilot Recall

Carrier Management

U.S. Safety Agency Seeks to Know How Tesla Developed, Verified Autopilot Recall Federal highway safety...

Posted: May 09, 2024

El Nino to End by June, La Nina to Appear Later in the Year

Carrier Management

El Nino to End by June, La Nina to Appear Later in the Year The El Nino...

Posted: May 09, 2024

Triple-I: Slowdown in U.S. P/C Replacement Costs Likely Short-Lived

Carrier Management

Triple-I: Slowdown in U.S. P/C Replacement Costs Likely Sho...

Posted: May 09, 2024

Behavioral Health Issues Add Costs and Delay Injured Worker Recovery

Risk & Insurance

Sentry Insurance found that behavioral health issues delay return-to-work and claims resolution, underscoring need to focus on injured workers' wellbeing. The post

Posted: May 09, 2024

UK insurers to report slowing premium income growth over next three years: EY

Reinsurance News

As per EY’s latest ITEM Club Outlook for Financial Services, UK insurers are anticipated to report slowing premium income growth over the next three years as inflation continues to fall. EY noted that while falling inflation is likely to mea...

Posted: May 09, 2024

St. Pete Looking at Downtown Transformation with Housing and New Rays Stadium

Insurance Journal

ST. PETERSBURG, Fla. (AP) — The future of the Tampa Bay Rays is about to come into clearer focus as local officials begin public discussions over a planned $1.3 billion ballpark that would be the anchor of a much larger …

Posted: May 09, 2024

Tornadoes in Tennessee, North Carolina Kill Three, Damage Properties

Insurance Journal

High winds, hail, heavy rain and tornadoes battered Southern states from Alabama to North Carolina Wednesday and Thursday morning, leaving three people dead and hundreds of properties with heavy damage. USA Today, CNN and other news outlets reported...

Posted: May 09, 2024

Liberty Mutual sees big net income improvement in Q1’24, CR hits 95.8%

Reinsurance News

Liberty Mutual Holding Company Inc., (LMHC) and its subsidiaries have posted a net income attributable to LMHC of $1.535 billion for the first quarter of 2024. The reported Q1 net income compares to a net loss attributable to LMHC of $74 million t...

Posted: May 09, 2024

Hamilton to buy back $110m shares from funds affiliated with Blackstone

Reinsurance News

Bermuda-headquartered Hamilton Insurance Group, Ltd. has entered into an agreement to repurchase shares owned by funds affiliated with Blackstone Alternative Solutions LLC (BAS). The transaction includes 9,124,729 Class A common shares which will...

Posted: May 09, 2024

Brookfield Re’s net income hits $337m in Q1

Reinsurance News

Brookfield Reinsurance has recorded a net income of $337 million for Q1 2024, up considerably compared to a net loss of $93 million in the opening quarter of 2023, driven by strong operating performance as well as favourable mark-to-market movemen...

Posted: May 09, 2024

Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes

Carrier Management

Fannie Mae Guidelines Raise Concerns, Could Bar ACV Coverage for Homes An updated guideline from Fanni...

Posted: May 09, 2024

Hospital Operator Ascension Warns of Suspected Cyberattack; Operations Disrupted

Insurance Journal

Hospital operator Ascension reported disruptions to its clinical operations on Wednesday due to a suspected cybersecurity incident and advised business partners to temporarily disconnect from its systems. Earlier this year, UnitedHealth, the largest...

Posted: May 09, 2024

HCI Group reports Q1’24 gross premiums earned increase to $256.6m

Reinsurance News

Florida-domiciled insurtech HCI Group, Inc., has reported that Q1 2024 consolidated gross premiums earned increased to $256.6 million from $180.1 million in the prior year quarter, which includes $67 million of premium from the assumption of polic...

Posted: May 09, 2024

Progressive Set to ‘Maximize’ Growth, Building on Q1

Insurance Journal

When Progressive’s chief executive officer weighed the words that should go into the management discussion section of the company’s first-quarter 10-Q report, she considered two possibilities to describe anticipated growth for the balance...

Posted: May 09, 2024

Louisiana Governor signs insurance reform bills to stabilise property market

Reinsurance News

Governor of Louisiana, Jeff Landry, alongside Commissioner Tim Temple, Senate Insurance Chairman Kirk Talbot, House Insurance Chairman Gabe Firment, and other lawmakers, signed four insurance reform bills at the State Capitol aimed at stabilising...

Posted: May 09, 2024