All Posts

Aon Updates Pricing Platform to Drive Better Underwriting Decisions

IIR

Underwriters can quote faster, portfolio managers can access strategic insights, teams can align governance and control process with corporate policy, and actuaries can build and update models rapidly.

Posted: May 08, 2024

Fannie Mae and Freddie Mac Postpone Updated Guidance for Property Insurance Coverage

IA Magazine

The guidance was set to take effect on June 1 and would have required mortgagors to acquire replacement cost value coverage for their property, including roofs, deeming actual cash value unacceptable.

Posted: May 08, 2024

Citizens Partners with EZLynx to Provide Homeowners Quotes in Florida

IA Magazine

Through Citizens, more than 7,000 agents will receive no-cost access to the EZLynx Rating Engine to enable them to quote home and dwelling fire policies in Florida.

Posted: May 08, 2024

iPipeline Names Katie Kahl to New Post of Chief product Officer.

IIR

Kahl is tasked with establishing the strategic vision and roadmap for iPipeline’s life insurance and wealth management technology product portfolio.

Posted: May 08, 2024

Triple-I: Current Slowdown in US P/C Replacement Costs Likely Short-Lived; May Grow Faster Than Over...

Insurance Information Institute

For immediate release  New York Press Office, Loretta Worters 917-923-8245, [email protected]      NEW YORK, May 9, 2024 –  U.S....

Posted: May 08, 2024

Hub Acquires Michigan’s True North Group

Insurance Journal

Hub International Limited announced the acquisition of the assets of True North Group Insurance Services, LLC (True North Group). Terms of the transaction were not disclosed. Located in Howell, Michigan, True North Group is an independent insurance a...

Posted: May 08, 2024

Navigating Through Unprecedented Property Insurance Trends

Risk & Insurance

Bret Ahnell of FM Global discusses the prolonged hard market in property insurance, the impact of climate change on the industry, and the company's focus on expanding renewable energy coverage. The post

Posted: May 08, 2024

Co-op insurance launches new renters product with Urban Jungle

coverager

Monthly premium starts at £5.

Posted: May 08, 2024

Monzo raises more money

coverager

Investors in this round included Capital G, Hedosophia, and GIC. 

Posted: May 08, 2024

Unum partners with Nationwide

coverager

The new coverage is available through the employee benefits channel.

Posted: May 08, 2024

rivr is now live

coverager

The company offers Home, Contents and Buildings insurance underwritten by HDI Global SE.

Posted: May 08, 2024

Sproutt declares insolvency

coverager

After we reported that Zywave’s CEO, Jason Liu, is no longer with the company, it has now been announced that he has been appointed as the CEO of Wood Mackenzie,...

Posted: May 08, 2024

Intellectual Property Risks Expanding with AI Usage, Cyber Threats

Risk & Insurance

Intangible assets, like information and IP, are increasingly among a company's most valuable assets, but face a coverage gap compared with physical assets, Aon report finds. The post

Posted: May 08, 2024

Unveiling CFOs’ Evolving Role: Insights from Travelers’ Joann Balous

Risk & Insurance

Joann Balous from Travelers discusses the changing dynamics of the CFO's role in risk management, their concerns about cybersecurity, and their collaboration with risk management teams The post

Posted: May 08, 2024

People Moves: IMA Financial Group Names Mizell Director of Energy & Marine Practice

Insurance Journal

IMA Financial Group, Inc., headquartered in Houston, named John Mizell as a director within IMA Houston’s energy and marine practice. Before joining IMA, John led McGriff Insurance Services, Inc.’s Houston office as executive vice preside...

Posted: May 08, 2024

Houston Floodwaters Starts to Recede; 800 Structures Damaged

Insurance Journal

HOUSTON (AP) — Floodwaters in the Houston area and parts of Southeast Texas began to recede on Monday, allowing residents to begin returning to their homes and assess damages after days of heavy rainfall that pummeled the area and led …

Posted: May 08, 2024

Houston Floodwaters Start to Recede; 800 Structures Damaged

Insurance Journal

HOUSTON (AP) — Floodwaters in the Houston area and parts of Southeast Texas began to recede on Monday, allowing residents to begin returning to their homes and assess damages after days of heavy rainfall that pummeled the area and led …

Posted: May 08, 2024

People Moves: RT Specialty’s Environmental & Construction Professional Practice Promotes Six

Insurance Journal

RT Specialty made six promotions to leadership roles in its environmental & construction professional practice. Hannah Altomare was promoted to consultant. Altomare joined RT ECP six years ago. She previously served as commercial lines account ma...

Posted: May 08, 2024

Louisiana Governor Signs Package of Property Insurance Reform Bills

Insurance Journal

Louisiana governor Jeff Landry signed a package of insurance reform bills Tuesday aimed at encouraging insurers to write more business in the state’s property market. The legislation, endorsed by Louisiana Insurance Commissioner Tim Temple, wil...

Posted: May 08, 2024

Ardonagh to Acquire Australia’s PSC Insurance Group for A$2.3 Billion

Insurance Journal

Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Australia’s PSC Insurance Group Ltd., in a deal valued at A$2.3 billion (US$1.5 billion). PSC is a diversified insurance services g...

Posted: May 08, 2024

Saha Re enters African reinsurance market

Reinsurance News

Saha Reinsurance Proprietary Limited (Saha Re) launched on the 27th of March, 2024, as a newly established reinsurance company licensed by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA) of Botswana. Established as a forward-thin...

Posted: May 08, 2024

U.S. Financial Regulators Work on Delayed Dodd-Frank Compensation Rules

Carrier Management

U.S. Financial Regulators Work on Delayed Dodd-Frank Compensation Rules A trio of U.S. financial regulators h...

Posted: May 08, 2024

Triple-I: Signs of Improvement in Florida Property Insurance Market After Reforms

Carrier Management

Triple-I: Signs of Improvement in Florida Property...

Posted: May 08, 2024

Rising Star Derrick Wong Shares How He Keeps Pace with the Ever-Changing Employee Benefits Space

Risk & Insurance

Whether he’s implementing new types of benefits to encourage employee recruitment and retention or watching trends in employee benefits, this Risk Cooperative broker is helping clients navigate a highly complex space. The post

Posted: May 08, 2024

Lawsuit Alleges Decades of Child Sexual Abuse at Illinois Juvenile Detention Centers

Insurance Journal

CHICAGO (AP) — Child sexual abuse at Illinois juvenile detention centers was pervasive and systemic for decades, according to disturbing accounts in a lawsuit filed Monday by 95 men and women housed at the youth centers as children. The lawsuit &#823...

Posted: May 08, 2024

Assurant’s net income increases 108% in Q1’24

Reinsurance News

US specialty insurance group Assurant has reported a GAAP net income of $236.4 million for the first quarter of 2024, representing a 108% increase compared to the $113.6 million reported in the same period last year. According to the company, this...

Posted: May 08, 2024

Pfizer Agrees to Settle More Than 10,000 Zantac Cancer Lawsuits

Insurance Journal

Pfizer Inc. has agreed to settle more than 10,000 cases accusing it of hiding the cancer risks of its Zantac heartburn drug, according to people familiar with the deal, the biggest of the litigation. The agreements cover cases in state …

Posted: May 08, 2024

Front Street Re welcomes Edison Fong as new CEO

Reinsurance News

Edison Fong has been named Chief Executive Officer of Front Street Re (FSR), an insurtech and reinsurance company focused on annuity, life, health, and general reinsurance solutions and is an operating subsidiary of Lexasure Financial Group Limite...

Posted: May 08, 2024

WTW boosts global cyber facility

coverager

WTW has increased the capacity of the CyXS facility based on client feedback.

Posted: May 08, 2024

Jaguar Land Rover offers insurance discounts

coverager

The carmaker has introduced an "Insurance Contribution" initiative.

Posted: May 08, 2024

K2 Parametric Insurance Services adds Palms Specialty to carrier panel

Reinsurance News

K2 Parametric Insurance Services, LLC , a subsidiary of K2 Insurance Services and Palms Insurance, has announced that Palms Specialty will be providing capacity to support K2 Parametric’s program. According to the announcement, under this partners...

Posted: May 08, 2024

Markets/Coverages: FM Global Names Leadership for New Renewable Energy Unit

Insurance Journal

Commercial property insurer FM Global announced the launch of a renewable energy unit to help clients in the transition to alternative energy through research and innovation, and to support the overall advancement of the renewable energy industry. FM...

Posted: May 08, 2024

McMaster Requests Federal Help After Wind, Hail Storm That Damaged SC Homes

Insurance Journal

South Carolina Gov. Henry McMaster has requested a presidential disaster declaration to assist in recovery after wind and hail damaged homes the northern part of the state on April 20. “I have determined that the situation and survivor recovery...

Posted: May 08, 2024