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Global insurer Chubb has reported a net income increase of 13.3% to $2.14 billion for the first quarter of 2024, supported by a stronger performance in both its property and casualty (P&C) and Life insurance businesses in the period. As well a...
Posted: Apr 24, 2024
Insurance Business Magazine - US
Posted: Apr 24, 2024
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has unveiled Prime Tech with Cowbell Co-Pilot, a generative AI solution built into the underwriting process of Prime Tech. Prime Tech is Cowbell’s adaptive...
Posted: Apr 24, 2024
Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations it systematically breached Iranian sanctions to win new business. A London judge ruled on Friday [April 19] that the trial,...
Posted: Apr 24, 2024
Supercede, a reinsurance tech firm, has announced the promotion of Tom Spier to the role of Chief Commercial Officer (CCO) following a year of growth. In his new capacity, Spier will spearhead the expansion of Supercede’s go-to-market teams and op...
Posted: Apr 24, 2024
Ping An has announced a rise in operating profit for Q1 2024 to RMB38,709 million (USD 5.34bn) on the back of a solid performance and growth in both its Property & Casualty (P&C) and Life & Health (L&H) insurance businesses. The Ch...
Posted: Apr 24, 2024
Zurich North America was ordered by a California jury to pay three former employees a total of about $80.2 million to end a wrongful termination case earlier this month. Melinda Brantley, Nicholas Lardie, and Daniel Koos worked as claims examiners &#...
Posted: Apr 24, 2024
Zurich North America, the commercial property and casualty insurer, has appointed Kara Higginbotham as the Head of Professional Liability and Cyber for U.S. National Accounts. Higginbotham will report to Brian Zink, the Head of Financial Lines, U....
Posted: Apr 24, 2024
Generative artificial intelligence (AI) has sparked a lot of interest from insurers and reinsurers because of its potential to revolutionize innovation, cut costs and improve the customer experience. Generative AI (or “Gen AI”) is the ter...
Posted: Apr 24, 2024
AM Best placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of GeoVera Insurance Group in Fairfiel...
Posted: Apr 24, 2024
Omaha National Group Inc. acquired Sutter Insurance Co., a California domiciled carrier. Sutter Insurance has been renamed Omaha National Casualty Co. Omaha National also owns Omaha National Insurance Co., which is domiciled in Nebraska. Omaha Nation...
Posted: Apr 24, 2024
April Hurley’s attacker entered her apartment after identifying himself as the building maintenance man — a job he should never have obtained, according to a lawsuit filed Monday that accuses the property owner and management company of engagin...
Posted: Apr 24, 2024
Global insurer Chubb has announced its acquisition of Healthy Paws, a managing general agent (MGA) specialising in pet insurance, from insurance and reinsurance broker Aon. Chubb has been the exclusive underwriter of the Healthy Paws pet insurance...
Posted: Apr 24, 2024
Amy Chadwick spent years scrimping and saving as a single mother of two to buy a house in the town of Lahaina on the Hawaiian island of Maui. But after a devastating fire leveled Lahaina in August and reduced Chadwick’s …
Posted: Apr 24, 2024
UnitedHealth Group said on Monday that hackers stole health and personal data of potentially a “substantial proportion” of Americans from its systems in February, as the largest U.S. health insurer scrambles to contain the damage. The int...
Posted: Apr 23, 2024
The talent shortage is a critical emerging risk in the insurance industry, which has fallen short in demonstrating its purpose and value to prospective employees. Here are five strategies companies can pursue to strengthen recruitment and retentio...
Posted: Apr 23, 2024
This post is part of a series sponsored by IAT Insurance Group. Before you purchase your aircraft, familiarize yourself with the types of aviation coverage available, the considerations that impact what you need and how much it will cost, along ̷...
Posted: Apr 23, 2024
The insurance industry players who want to thrive in today's insurance market should adopt InsurTech to improve core functions.
Posted: Apr 23, 2024
David Derigiotis President of Brokerage and Head of Insurance and the firm has introduced new AI-driven capabilities aimed at providing unmatched service and access to premier markets.
Posted: Apr 23, 2024
The latest issuance brings SageSure-supported Gateway Re franchise to $1.16 billion in issued risk capital.
Posted: Apr 23, 2024
Iowa will lower the amount of reinsurance tax due from some captive companies under a bill signed by Governor Kim Reynolds last week. HF 2636 lowers the tax on premiums written above $60 million to 0.02 percent, down from 5 …
Posted: Apr 23, 2024
Chubb started 2024 off with first quarter net income up 13.3%, compared to the same time a year ago, to about $2.1 billion. The first three months of 2024 followed a year Chubb CEO Evan G. Greenberg called the “best …
Posted: Apr 23, 2024
Insurance Business Magazine - US
Posted: Apr 23, 2024
Insurance Business Magazine - US
Posted: Apr 23, 2024
Rainwalk offers pet insurance through an underwriting partnership with Incline Casualty Company.
Posted: Apr 23, 2024
Audit Finds Passwords Under 7 Characters Can Be Cracked...
Posted: Apr 23, 2024
Posted: Apr 23, 2024
Insurance Business Magazine - US
Posted: Apr 23, 2024
Insurance Business Magazine - US
Posted: Apr 23, 2024
Insurance Business Magazine - US
Posted: Apr 23, 2024
Insurance Business Magazine - US
Posted: Apr 23, 2024
Insurance Business Magazine - US
Posted: Apr 23, 2024
Estaly currently works with over 300 merchants and plans to launch in Spain and Italy next year.
Posted: Apr 23, 2024
Hallandale, FL – April 17, 2024 – London Underwriters, a leading wholesale insurance broker and online insurance product distribution specialist, is thrilled to announce a strategic partnership with First...
Posted: Apr 23, 2024
Safehub's seismic sensor technology captures building-specific real-time data.
Posted: Apr 23, 2024
A Michigan doctor was bound over last week in the 48th District Court in Bloomfield Hills on charges stemming from an allegedly fraudulent disability insurance claim and subsequent years of receiving fraudulent payments, Michigan Attorney General Dan...
Posted: Apr 23, 2024
We always advise our clients to be vigilant, even in low-risk countries. Never assume everything is okay, and take the same care and attention wherever you're traveling. The post
Posted: Apr 23, 2024
An Ohio subsidiary of one of the world’s largest automotive suppliers could have prevented a 26-year-old employee in Franklin from being fatally crushed in October 2023 if the company had provided proper machine guarding. Investigators with the...
Posted: Apr 23, 2024
This edition of International People Moves details appointments at Arch Insurance International and the MGA Carbon Underwriting. A summary of these new hires follow here. Arch Insurance International Promotes Valder to Deputy CEO Arch Insurance Inter...
Posted: Apr 23, 2024
Ivans Q1 index shows premium renewal rates increased for most commercial lines year over year, and all lines quarter over quarter. The post
Posted: Apr 23, 2024
The April storms that struck the United Arab Emirates, Oman, Saudi Arabia and other Gulf Cooperation Council (GCC) countries are expected to “push up” local insurers’ claims and reinsurance costs, say’s Moody’s. Analysts no...
Posted: Apr 23, 2024