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SageSure, a managing general underwriter focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“SURE”), a policyholder-owned reciprocal exchange, announced the close of the Gateway Re 2024-2 second and s...
Posted: Apr 25, 2024
Global insurance brokerage Arthur J. Gallagher & Co. has announced the acquisition of Australia-based Prasidium Credit Insurance (Prasidium). Prasidium is a specialist trade credit insurance broker serving clients throughout Australia. Establi...
Posted: Apr 25, 2024
CFC, an insurance provider specialising in emerging and cyber risks, has expanded its transaction liability practice with the creation of a dedicated team focused on underwriting representations and warranties insurance in the renewable energy mar...
Posted: Apr 25, 2024
Upgrading or changing legacy platforms and enterprise software can be a nightmare to disentangle, particularly when dealing with existing operating systems, data storage, and payment processing software. When planning an upgrade, there have historica...
Posted: Apr 25, 2024
Florida-based insurtech HCI Group has announced a five-year Executive Employment Agreement with Paresh Patel, who serves as its Chairman and Chief Executive Officer (CEO). This new agreement includes a long-term equity incentive with a vesting thr...
Posted: Apr 25, 2024
McKinsey & Co is under criminal investigation in the United States over allegations that the consulting firm played a key role in fueling the opioid epidemic, with federal prosecutors homing in on its work advising OxyContin maker Purdue Pharma a...
Posted: Apr 25, 2024
Marsh McLennan Agency, a subsidiary of Marsh, has entered into a definitive agreement to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) from Trustmark National Bank, in a $345 million all-cash deal that values FBBINSURANCE at almost...
Posted: Apr 25, 2024
New legislation aimed at reducing workplace violence in California vastly increases employers’ responsibilities and hands workers’ compensation insurers an unprecedented oversight role that is likely to trigger lawsuits and affect rates a...
Posted: Apr 25, 2024
Two south Florida lawsuits against property insurers argue that two major carriers have employed a business strategy of hiring inexperienced or even unlicensed claims adjusters after storms, practices that have led to “lowball” damage est...
Posted: Apr 25, 2024
Two south Florida lawsuits against property insurers argue that two major carriers employed a business strategy of hiring inexperienced or even unlicensed claims adjusters after storms, practices that have led to “lowball” damage estimate...
Posted: Apr 25, 2024
PCF Insurance Services in Utah closed $400 million in incremental debt financing led by Blue Owl. The financing was materially oversubscribed and was upsized from $300 million to $400 million in response to demand from new and existing lenders. The &...
Posted: Apr 25, 2024
OMAHA, Neb. (AP) — Former Nebraska women’s basketball assistant coach Chuck Love denied ever having a sexual relationship with former Cornhuskers player Ashley Scoggin but acknowledged in a court document that he did meet with her late at night...
Posted: Apr 25, 2024
OMAHA, Neb. (AP) — Former Nebraska women’s basketball assistant coach Chuck Love denied ever having a sexual relationship with former Cornhuskers player Ashley Scoggin but acknowledged in a court document that he did meet with her late at night...
Posted: Apr 25, 2024
A youth organization and a pair of environmental groups are suing the state of Maine to try to force the state to reduce carbon emissions in the era of climate change. Maine Youth Action, the Conservation Law Foundation and the …
Posted: Apr 25, 2024
Timothy Folk has joined Alliant Insurance Services, headquartered in Irvine, California, as executive vice president, Alliant Specialty, in the firm’s agribusiness industry vertical. Folk focuses on food and beverage manufacturers and distribut...
Posted: Apr 25, 2024
Blue Marble, a climate insurer, has partnered with the U.S. Agency for International Development (USAID) to introduce an innovative financial solution in Kenya, aimed at enhancing the climate resilience of coffee farmers connected to global supply...
Posted: Apr 25, 2024
A federal jury said BNSF Railway contributed to the deaths of two people who were exposed to asbestos decades ago when tainted mining material was shipped through a Montana town where thousands have been sickened. The jury awarded $4 million …
Posted: Apr 25, 2024
A federal jury said BNSF Railway contributed to the deaths of two people who were exposed to asbestos decades ago when tainted mining material was shipped through a Montana town where thousands have been sickened. The jury awarded $4 million …
Posted: Apr 25, 2024
The Liberty Company Insurance Brokers named Neal Rubin senior vice president, benefits. Rubin is based in Irvine, California. Rubin has more than 40 years of experience in the Southern California employee benefits sector. He spent seven years as vice...
Posted: Apr 25, 2024
Early PT can be the key to improved injured worker outcomes and lower claims costs. How can workers’ comp promote quicker access to care? The post
Posted: Apr 24, 2024
General Motors Co. has ended its OnStar Smart Driver program after customers complained it violated their privacy. OnStar had cut deals with LexisNexis and Verisk to share personal driving data as part of the program, which they then shared with R...
Posted: Apr 24, 2024
The independent agency channel accounts for 88% of all commercial lines written premium.
Posted: Apr 24, 2024
Independent insurance agents who are considering the impact of the new regulation on their agencies and firms should consider some of the rule’s key elements and certain revisions that were incorporated in the final text.
Posted: Apr 24, 2024
Ideon and AgencyBloc solve legacy process inefficiencies by integrating real-time data from Ideon’s carrier network into the AgencyBloc Quote+ platform.
Posted: Apr 24, 2024
Independent insurance agents have an opportunity to proactively help customers consider the value of a workers comp policy beyond price—before they learn the hard way.
Posted: Apr 24, 2024
Bold Penguin products are now available on Salesforce AppExchange, allowing customers to more easily transfer data between Salesforce Financial Services Cloud (FSC) and Bold Penguin in near real time.
Posted: Apr 24, 2024
If credit scores do play a statistically/actuarially valid role in determining the risk of a given driver, is there some other behavioral indicator that would play a similarly valid role for assessing the risk of insuring a specific homeowner’s home?
Posted: Apr 24, 2024
The Department of Labor (DOL) announced a final rule that will subject the financial services industry to new requirements designed to protect retirement investors from receiving bad or self-interested investment advice.
Posted: Apr 24, 2024
The new alliance combines forces of OneShield’s marketplace of products and OneInc’s digital solutions and payment network.
Posted: Apr 24, 2024
The company has partnered with Equitable and Brighthouse Financial.
Posted: Apr 24, 2024
Insurance Business Magazine - US
Posted: Apr 24, 2024
PCF Insurance offers a broad array of commercial and personal lines, life and health, employee benefits, and workers' compensation solutions.
Posted: Apr 24, 2024
These investments will allow MassMutual to access predominately investment-grade, asset-backed credit originated by ATLAS SP.
Posted: Apr 24, 2024
Insurance Business Magazine - US
Posted: Apr 24, 2024
The newly-formed group will assist in finding and evaluating new embedded insurance opportunities.
Posted: Apr 24, 2024
Insurance Business Magazine - US
Posted: Apr 24, 2024
Study: Hurricane Waves Hitting U.S. Grow By 20% Per Decade The U.S., Mexico and countries in the Caribbean are...
Posted: Apr 24, 2024
The company has partnered with Equitable and Brighthouse Financial.
Posted: Apr 24, 2024
Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has appointed Hart Humble to the newly created role of Head of Customer & Broker Engagement (C&BE) for the South Central U.S. Humble has spent more than 30 years in the ...
Posted: Apr 24, 2024
A New York state appeals court has reinstated Chubb insurance companies’ bid for judgments declaring that they are not obligated to cover thousands of sex abuse lawsuits brought against the Archdiocese of New York (ADNY). Chubb insurers have ma...
Posted: Apr 24, 2024
AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” (Excellent) from “a” (Excellent) of Farm Bureau County Mutual Insu...
Posted: Apr 24, 2024
Marsh McLennan Agency, a subsidiary of Marsh, said it has a definitive agreement to acquire one of the largest agencies in the Southeast—Fisher Brown Bottrell Insurance, Inc. Marsh McLennan Agency will pay $315.9 million in cash, subject to customary...
Posted: Apr 24, 2024