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Tests Show Pasteurized Milk Safe as Bird Flu Spreads

Insurance Journal

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

30% of Business Leaders Say Global Political Risk Is Their Biggest Threat

Insurance Journal

Sixty-five percent of North American business leaders fear this election year will impact their ability to trade internationally, with 32% of U.S. leaders saying political risk is their number one threat. In January, Beazley surveyed over 3,500 busin...

Posted: Apr 29, 2024

Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases

Insurance Journal

The Florida Supreme Court has given auto insurers more flexibility in reducing payments for medical services under the state’s no-fault auto insurance law and may have finally put to rest years of questions about the much-debated statute. In an...

Posted: Apr 29, 2024

People Moves: Lara Makes Appointments to California Curriculum Board and Insurance Diversity Task Fo...

Insurance Journal

California Insurance Commissioner Ricardo Lara made several appointments to the state’s curriculum board and insurance diversity task force. Lara named Aretha Hartley as the newest member of the curriculum board. The curriculum board oversees t...

Posted: Apr 29, 2024

Africa Specialty Risks launches Syndicate 2454, first at Lloyd’s with an Africa focus

Reinsurance News

Africa Specialty Risks (ASR), the pan-African-focused reinsurance group, has announced the launch of ASR Syndicate 2454 at Lloyd’s, which will be the first in that market to have an African focus on the business it underwrites. ASR Syndicate 2454...

Posted: Apr 29, 2024

First Full-Size Vessel Reaches Baltimore Refinery Since Bridge Collapse

Insurance Journal

A full-size vessel carrying raw sugar was able to navigate through the 20-foot deep temporary channel at the U.S. Patapsco River on Wednesday and reach the Port of Baltimore for the first time since an accident blocked access to the …

Posted: Apr 29, 2024

Driver Charged in Fiery Crash That Shut Connecticut Highway Bridge

Insurance Journal

A man accused of causing a fiery crash that shut down a major Connecticut highway bridge and killed a fuel delivery truck driver has been charged with negligent homicide, police said Thursday. State police said Reginald Collins, 59, turned himself &#...

Posted: Apr 29, 2024

‘Buffett Got it Wrong’ on California Fire Risk: PG&E CEO

Insurance Journal

Warren Buffett’s warning that wildfires have turned utilities across the western US into risky investments is mistaken — at least in California, according to the head of the state’s largest electricity provider. “Frankly, I think Bu...

Posted: Apr 29, 2024

FMCSA Final Rule: Broker and Freight Forwarder Financial Responsibility

Insurance Journal

This post is part of a series sponsored by IAT Insurance Group. The Federal Motor Carrier Safety Administration (FMCSA) issued a final rule effective Jan. 16 that introduces new requirements across five areas of financial responsibility for brokers a...

Posted: Apr 28, 2024

Measuring Movement Differently

Risk & Insurance

FIGUR8 is changing the game when it comes to analyzing and informing injured workers’ recovery from musculoskeletal injuries. The post Measuring...

Posted: Apr 28, 2024

Multiple Tornadoes Hit Nebraska and Iowa, Leaving Trails of Damage

Insurance Journal

OMAHA, Neb. (AP) — A tornado plowed through suburban Omaha, Nebraska, on Friday, damaging hundreds of homes and other structures as it tore for miles along farmland and into subdivisions. Some injuries were reported but there were no immediate report...

Posted: Apr 28, 2024

Slowest Quarter for Agency M&A Since 2020

IA Magazine

There were 155 announced insurance agency mergers & acquisitions in the first quarter of 2024, down 18% from 188 in the same period in 2023,

Posted: Apr 28, 2024

Embracing DE&I is a Journey of Understanding and Transformation

IA Magazine

The ability of an organization to give life to these three words, diversity, equity and inclusion (DE&I), is a keystone to employee retention, talent recruitment and future sustainable success.

Posted: Apr 28, 2024

From Complex Code to Low-Code: The Benefits of a Data Automation Platform

IIR

For insurance organizations with legacy transactional and in-house systems operating largely in silos, a data automation platform can deliver all the capabilities typically found in ESBs, data integration tools, B2B gateways, managed file transfer pr...

Posted: Apr 28, 2024

Struck by Lightning: How Businesses Can Become More Resilient – Triple-I and LPI

Insurance Information Institute

Media Contact: Loretta Worters, Insurance Information Institute (Triple-I), 917-208-8842; [email protected]    NEW YORK, April  29, 2024 – Fires resulting from lightning strikes cause 3% to 5% of all U.S. commercial property insurance claims, accounti...

Posted: Apr 28, 2024

Rainbow Launches New Admitted Insurance Program for Restaurants

IA Magazine

Rainbow can insure restaurants with up to 65% of gross receipts from the sale of alcohol, as well as new ventures and frame construction.

Posted: Apr 28, 2024

Title Insurance Tech Startup Launches AI-Driven Claims Automation Solution

IIR

Neoreasoning aims to transform the traditional claims handling process, injecting speed, accuracy, and efficiency through smart automation.

Posted: Apr 28, 2024

Help Cannabis Business Owners Understand Their Insurance Requirements

IA Magazine

For many of the small business owners who have entered the retail cannabis market, ensuring they have the correct type and sufficient levels of insurance coverage may not be top of mind.

Posted: Apr 28, 2024

West Virginia Court Clarifies Disability Apportionment Burden of Proof

Risk & Insurance

A recent West Virginia Supreme Court of Appeals ruling places the onus on employers to substantiate apportionment of disability awards in workers' compensation cases The post

Posted: Apr 26, 2024

Workers’ Comp Claims Shift Small Business Insurance Priorities

Risk & Insurance

Small businesses owner priorities shift from price to risk management after a workers' compensation claim, The Hanover found The post

Posted: Apr 26, 2024

A Breakthrough for Parametric Insurance

Insurance Thought Leadership

A Breakthrough for Parametric Insurance Future of Risk sradomski Fri, 04/26/2024 - 16:31

Posted: Apr 26, 2024

Disaster Fraud — The Dark Side of Insurance Claims

Insurance Thought Leadership

Disaster Fraud — The Dark Side of Insurance Claims From Our Partners sradomski Fri,...

Posted: Apr 26, 2024

Orion180 launches in Arizona

coverager

Orion180 currently operates in Alabama, Arizona, Georgia, Indiana, Mississippi, North Carolina and South Carolina.

Posted: Apr 26, 2024

Wefox had another negative year

coverager

The insurer ended 2023 with a net underwriting loss of $40.5 million.

Posted: Apr 26, 2024

Allstate Will Insure California Homes Again, Under One Condition

Carrier Management

Allstate Will Insure California Homes Again, Under One Condition Allstate Corp....

Posted: Apr 26, 2024

IIHS: New Front Crash Prevention Test Highlights Safety Weakness in Small SUVs

Carrier Management

IIHS: New Front Crash Prevention Test Highlights Safety Weakness in Sm...

Posted: Apr 26, 2024

Elections May Increase Political Violence, Business Risks

Risk & Insurance

Amid rising global tensions, businesses grapple with potential political violence and property damage at home and abroad, underscoring the need for robust risk mitigation strategies, according to Beazley. The post

Posted: Apr 26, 2024

Jerry Rice to Headline CIWA Annual Summer Forum as Keynote Speaker

Insurance Journal

South Lake Tahoe, CA., April 26, 2024 – The California Insurance Wholesalers Association (CIWA) proudly announces Jerry Rice, the legendary former professional football player, as the keynote speaker for their Annual Summer Forum. The event, schedule...

Posted: Apr 26, 2024

Jerry Rice to Headline CIWA Annual Summer Forum

Insurance Journal

South Lake Tahoe, CA., April 26, 2024 – The California Insurance Wholesalers Association (CIWA) proudly announces Jerry Rice, the legendary former professional football player, as the VIP speaker for their Annual Summer Forum. The event, scheduled fr...

Posted: Apr 26, 2024

Businesses Threatened by Rising Cyberattacks

Carrier Management

Businesses Threatened by Rising Cyberattacks Cyberattacks on busin...

Posted: Apr 26, 2024

Auto Safety Agency Probes Tesla Recall of 2M Vehicles Over Autopilot Concerns

Carrier Management

Auto Safety Agency Probes Tesla Recall of 2M Vehicles Over Autopil...

Posted: Apr 26, 2024

AM Best upgrades credit ratings of MS Reinsurance

Reinsurance News

Rating agency AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating to “aa-” (Superior) from “a” (Excellent) of MS Reinsurance, and has assigned a stable outlook to the rating...

Posted: Apr 26, 2024

Steven Robles Named 2024 RIMS Risk Manager of the Year

Risk & Insurance

Steven Robles and Mrunal Pandit earn top risk management honors from RIMS in 2024. The post Steven Robles Named 2024 RIMS Risk Man...

Posted: Apr 26, 2024

Protected: On-Demand Webinar — Navigating TCPA and DNC Compliance: Balancing Risk and Reach for Insu...

Risk & Insurance

There is no excerpt because this is a protected post. The post Protected: On-De...

Posted: Apr 26, 2024

Moody’s and Bitsight launch new cyber risk solution

Reinsurance News

Cyber risk manager Bitsight and Moody’s have launched a new cyber risk solution that will cover over 300 million organisations worldwide. The Implied Cyber Threat (ICT) is an offering built on Bitsight’s cyber risk analytics engine and Moody...

Posted: Apr 26, 2024

Higginbotham Adds South Florida Benefits Agency to Team

Insurance Journal

Texas-headquartered Higginbotham, one of the largest independent insurance and benefits firms, has added Adams Benefits of Boca Raton, Florida, to its team, the company said in a news release. The move marks an expansion into south Florida for Higgin...

Posted: Apr 26, 2024

US Probes Tesla Recall of 2 Million Vehicles Over Autopilot, Citing Concerns

Insurance Journal

U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate. The National Highway Traffic Safety Adm...

Posted: Apr 26, 2024

Aon & NFP combination a ‘tour de force revenue opportunity,’ says CEO Case

Reinsurance News

Insurance and reinsurance broking group Aon feels great about its now completed acquisition of middle-market property and casualty (P&C) broker NFP, with Chief Executive Officer (CEO), Greg Case, describing it as “a tour de force revenue...

Posted: Apr 26, 2024