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Judge Won’t Dismiss Lawsuits Against Travis Scott Over Deadly Astroworld Concert A judge has d...
Posted: Apr 29, 2024
Class Action Opposes Limiting Ship’s Liability for Baltimore Bridge Collapse A Baltimo...
Posted: Apr 29, 2024
The collaboration between Riskonnect and WTW offers clients of both organizations the opportunity to better evaluate their claims data.
Posted: Apr 29, 2024
States across the US Gulf Coast are bracing for possible tornadoes as certain parts of the region face a marginal risk of severe thunderstorms, according to the US Storm Prediction Center. Severe thunderstorm warnings and watches have been posted for...
Posted: Apr 29, 2024
An upstate New York court last week accepted a mine manager’s guilty plea to manslaughter in the second degree over the death of a worker in 2022. According to prosecutors, Anthony Valente, a mine manager at a Grafton limestone quarry, …
Posted: Apr 29, 2024
The U.S. Supreme Court declined on Monday to hear Elon Musk’s bid to throw out part of a securities fraud settlement with the Securities and Exchange Commission restricting the billionaire businessman’s public statements about his electri...
Posted: Apr 29, 2024
A freight train carrying fuel derailed and caught fire Friday near the Arizona-New Mexico state line, forcing the closure of an interstate highway that serves as a key trucking route. Initial passersby posted video and photos on social media of ̷...
Posted: Apr 29, 2024
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had r...
Posted: Apr 29, 2024
Hamilton Insurance Group has appointed Athena Tolosa as Chief Financial Officer of Hamilton Re, its Bermuda-based insurance and reinsurance underwriting platform. Tolosa has over 18 years of experience in the (re)insurance industry, having most re...
Posted: Apr 29, 2024
A burglary ring that allegedly stole more than $4 million worth of jewelry mostly from the homes of South Asians in over two dozen communities has been broken up, the Massachusetts State Police said. Four people, including two brothers, were …
Posted: Apr 29, 2024
Motor premiums increased by just 1% in the first quarter of 2024, indicating an easing of the price rises seen in 2023 when premiums rose by 25% from 2022, according to the Association of British Insurers. However, insurers continue to …
Posted: Apr 29, 2024
ZestyAI, a company that leverages artificial intelligence (AI) for risk assessment, has announced its partnership with Florida Peninsula Insurance Company, integrating ZestyAI’s Z-PROPERTY Location Insights solution to enhance underwriting p...
Posted: Apr 29, 2024
Pharmacy chain London Drugs Ltd. shut dozens of stores in western Canada on Sunday following a cyber incident. The chain discovered it was the victim of a cybersecurity incident on Sunday, a representative said by email, and shut all 79 …
Posted: Apr 29, 2024
Allianz Reinsurance, part of global insurer Allianz, has named Silvia Rimola as Head of Capital and Legacy Solutions, effective April 2024. Rimola first joined Allianz in 2002 as part of the financial department, and has since held numerous roles...
Posted: Apr 29, 2024
WTW, a global insurance and reinsurance broker, has partnered with Riskonnect to launch a new analytical delivery tool that seamlessly connects claims and exposure data through the WTW Risk IQ API (application programming interface). This collabor...
Posted: Apr 29, 2024
Argenta Syndicate Management Limited (ASML), a subsidiary of Argenta Holdings Limited, has announced the appointment of Miriam Goddard to its board as a non-executive director. John Whiter, chair of the ASML Board, expresses his enthusiasm for God...
Posted: Apr 29, 2024
Africa Specialty Risks (ASR), the pan-African focused re/insurance group, has launched ASR Syndicate 2454 focused on underwriting business across Africa. It is the first African-focused syndicate writing business at Lloyd’s and is managed by Ap...
Posted: Apr 29, 2024
Zurich-based Lloyd’s coverholder Amboss Underwriting has assumed the portfolio of the Zurich branch of Oilfield Insurances Agencies. Effective April 17, 2024, the announcement marks the commencement of Amboss’ operations in Zurich and Ams...
Posted: Apr 29, 2024
Rating agency AM Best revised its outlook on the United Kingdom’s non-life insurance segment from negative to stable, as inflation is expected to decrease closer to the Bank of England’s 2% target in mid-2024, which should ease the pressure...
Posted: Apr 29, 2024
African Risk Capacity (ARC) has revealed that Malawi, Mozambique, Zambia and Zimbabwe are likely to receive insurance payouts from the ongoing drought in the region, which is one of the worst in decades. In a recent meeting between ARC and its par...
Posted: Apr 29, 2024
A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a stark example of how there’s little clarity about who would pay the bill if such a ship had a major …...
Posted: Apr 29, 2024
Insurance broker Marsh’s Cyber ECHO facility, which is underwritten by Lloyd’s insurers and enables clients to access capacity for complex cyber and technology risk exposures in any territory licensed by Lloyd’s, now provides up to $12...
Posted: Apr 29, 2024
Marsh, the insurance brokerage business of Marsh McLennan, announced an additional $25 million layer of capacity to its existing $100 million Cyber ECHO facility. Available to Marsh clients globally, Cyber ECHO now offers up to $125 million of excess...
Posted: Apr 29, 2024
Reinsurance broker Gallagher Re has announced the promotion of Gina Butterworth to the position of Global Transformation Director. With nearly three decades of experience in the industry, Butterworth is a seasoned senior executive known for her st...
Posted: Apr 29, 2024
CatX, the digital marketplace that connects (re)insurers and brokers with alternative capital, has announced it will enhance its capabilities through a new collaboration with CyberCube. The partnership will reportedly enable the integration of Cyb...
Posted: Apr 29, 2024
Specialist insurer Beazley has revealed that insurance written premiums in Q1 of 2024 increased by 7% compared to the previous year, reaching $1.48 billion. Adrian Cox, Beazley’s Chief Executive Officer, noted that it has been a “solid...
Posted: Apr 29, 2024
The Dubai International Financial Centre (DIFC) has reported the highest gross written premiums (GWP) in its history at close to $2.6 billion in 2023, an increase of 23% on the prior year’s $2.1 billion. Alongside the highest GWP in 20 years...
Posted: Apr 29, 2024
New Zealanders who own properties in areas prone to flooding or earthquakes may find they can’t afford insurance or may not be offered cover for specific risks, according to the Reserve Bank. Rising premiums or the inability to insure are ̷...
Posted: Apr 29, 2024
The U.S. National Science Foundation (NSF) aims to catalyse research in areas that enhance the insurance sector’s capacity to model and underwrite terrorism and catastrophic cyber risks. To achieve this goal, the NSF has issued a Dear Collea...
Posted: Apr 29, 2024
Beacon Hill Associates, a division of Specialty Program Group LLC (Beacon Hill), has hired Paul Dastis as Vice President within the firm’s Northeast Region. Based in New York, Dastis brings 30 years of experience towards his new role. Dastis...
Posted: Apr 29, 2024
The Central government of India may sell up to 10% stake in the state-run reinsurer General Insurance Corporation (GIC Re) in the current financial year, a senior official told Financial Express. The officials commented, “GIC Re received a very go...
Posted: Apr 29, 2024
Best Practices for 'Trigger' Marketing Leadership ClareCarroll1 Mon, 04/29/2024 - 01:50
Posted: Apr 29, 2024
Insurance: An Industry Embracing AI AI & Machine Learning ClareCarroll1 Mon, 04/2...
Posted: Apr 29, 2024
Sayata, a marketplace for insurance brokers and carriers, aims to revolutionise small commercial insurance underwriting with the launch of the Sayata Risk Engine, an AI-powered platform. This new proprietary risk assessment solution is to transfor...
Posted: Apr 29, 2024
Additional tests of milk showed that pasteurization killed the bird flu virus, federal health officials said on Friday, as Colorado became the ninth U.S. state to report an infected dairy herd. Federal lawmakers urged the Biden administration to furt...
Posted: Apr 29, 2024