All Posts
Insurance Business Magazine - US
Posted: Apr 18, 2024
Insurance Business Magazine - US
Posted: Apr 18, 2024
Employers will be able to access Vitality's health offering and fully manage it through the Kota platform.
Posted: Apr 18, 2024
Maui Fire Department Wildfire Report Details Need for Equipment, Mutual Aid Plans When wildfires broke o...
Posted: Apr 18, 2024
Acronis customers can opt-in for Mulberri’s embedded cyber insurance directly through the Acronis platform.
Posted: Apr 18, 2024
U.S. Auto Safety Agency Upgrades Probe on 3M Hondas Over Braking Issue...
Posted: Apr 18, 2024
Arbol offers a variety of solutions around parametric risk transfer and climate and weather insurance/reinsurance.
Posted: Apr 18, 2024
John Doyle, President and CEO of broking group Marsh McLennan (MMC), said earlier today that reinsurance market conditions remain stable, and that early signs suggest a better environment for cedents at the June 1 Florida catastrophe risk renewals...
Posted: Apr 18, 2024
Arthur J. Gallagher & Co. announced the acquisition of Metairie, Louisiana-based Fontenelle & Goodreau Insurance, LLC. Terms of the transaction were not disclosed. Fontenelle & Goodreau Insurance offers commercial property/casualty covera...
Posted: Apr 18, 2024
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced this week that it has adopted amendments the 28 Texas Administrative Code concerning certain submission requirements for insurance companies about their accide...
Posted: Apr 18, 2024
McGill Hires Milne and Cabot to US Property Team McGill and Partners, headquartered in London, appointed Duncan Milne and Cabot Lyman as partners to the firm’s U.S. property team. Milne joins the firm as a partner and head of U.S. …
Posted: Apr 18, 2024
The Board of Directors of Generali, chaired by Andrea Sironi, has approved a new organizational structure to reflect its main activities proposed by Philippe Donnet, Group Chief Executive Officer. Effective June 1st 2024, the Generali Group will o...
Posted: Apr 18, 2024
Global insured losses from natural catastrophes in the first quarter were estimated at $20 billion, with US claims accounting for more than $15 billion, or 75%, of the Q1 total, according to a Gallagher Re in a report. Despite a …
Posted: Apr 18, 2024
McGill and Partners has appointed Abhishek Suroiwal as Partner in its Treaty Reinsurance team. Suroiwal joined McGill and Partners in 2022 as an Associate focusing on AI, data science and data engineering. Before this, he worked as a Data Scientis...
Posted: Apr 18, 2024
It will come as a surprise to no one that the majority of Florida and California homeowners say they have been affected by rising property insurance costs. A survey by Redfin, a U.S. real estate broker, found that just over …
Posted: Apr 18, 2024
Applied Underwriters has revealed its plan to sell Centauri Insurance to the newly formed Arbol subsidiary, Lilypad Insurance. The transaction is subject to regulatory approval and is anticipated to close within the next 45 days. As per Applied, L...
Posted: Apr 18, 2024
JACKSON, Miss. (AP) — Civil rights attorney Ben Crump demanded Tuesday that police in a small town in Mississippi release camera footage of a chase that ended in the death of a Black teenager, but the city attorney said the …
Posted: Apr 18, 2024
RALEIGH, N.C. (AP) — North Carolina Gov. Roy Cooper’s orders during the COVID-19 pandemic that directed standalone bars to remain shuttered for safety while restaurants that serve alcohol got to reopen were “illogical” and violated...
Posted: Apr 18, 2024
Allianz Group, a global insurer and asset manager, has announced the completion of the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider ADNIC is based in the...
Posted: Apr 18, 2024
Climate Change to Cause $38 Trillion a Year in Damages by 204...
Posted: Apr 18, 2024
Google Fires 28 Workers Protesting $1.2 Billion Israeli Contract Alphabet Inc.'s Goog...
Posted: Apr 18, 2024
LEWISBERRY, Pa. (AP) — Three construction workers on a maintenance project along a Pennsylvania interstate were struck and killed by a truck early Wednesday, state police said. Investigators said a 24-year-old man was driving a large box truck at abo...
Posted: Apr 18, 2024
U.S. primary insurer Allstate has estimated that total catastrophe losses for Q1 of 2024 were $731 million, pre-tax, much below the $1.69 billion recorded in Q1 of 2023. The firm also disclosed catastrophe losses for March 2024 of $328 million or...
Posted: Apr 18, 2024
Accessory dwelling units will test agents’ ingenuity As “dwellings within dwellings” or “households within households, ” ADU arrangements produce countless complexities that agents and brokers must be prepared to address … . By Joseph S. Harri...
Posted: Apr 18, 2024
Insurance Business Magazine - US
Posted: Apr 18, 2024
For licensed insurance producers, a new criminal charge or conviction can impact your license at renewal and beyond. We’re going state-by-state to show you how.
Posted: Apr 18, 2024
Employers will be able to access Vitality's health offering and fully manage it through the Kota platform.
Posted: Apr 18, 2024
Analysis by AM Best discloses that low insurance penetration, coupled with extensive reinsurance cover, should keep the cost borne by United Arab Emirates (UAE) primary insurers at a manageable level after the recent extreme weather that caused se...
Posted: Apr 18, 2024
New York Attorney General Letitia James announced an agreement with the Roman Catholic Diocese of Brooklyn to address years of reported mismanaging clergy sexual abuse cases. According to the Office of the Attorney General, its investigation found th...
Posted: Apr 18, 2024
A drought driven by the El Nino weather pattern is likely to trigger insurance payouts to four southern African countries who took out cover with an agency of the African Union. Malawi, Zambia, Zimbabwe and Mozambique will receive payments at …
Posted: Apr 18, 2024
United Airlines will receive compensation from planemaker Boeing for financial damages incurred in the first quarter due to the grounding of 737 MAX 9 aircraft, the carrier said on Wednesday. U.S. regulators had in January grounded some Boeing 737 MA...
Posted: Apr 18, 2024
As Iran’s attacks on Israel risk an escalation, and with the ongoing Israel-Hamas conflict expected to persist, risks to insurers remain, although, at present, insurers in Israel, the Gulf region, and Europe are not significantly affected, a...
Posted: Apr 18, 2024
Alphabet Inc.’s Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon.com Inc. to provide the Israeli government with AI and cloud services. The protests, which were...
Posted: Apr 18, 2024
Guy Carpenter, the reinsurance broking arm of Marsh McLennan (MMC), recorded a 7% rise in revenue in the first quarter of 2024 to $1.1 billion, as MMC President and CEO, John Doyle, welcomes a “terrific start” to 2024 for the global br...
Posted: Apr 18, 2024
Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defense to a lawsuit filed at London’s High Court. Nord Stream is R...
Posted: Apr 18, 2024
Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defense to a lawsuit filed at London’s High Court. Nord Stream is R...
Posted: Apr 18, 2024
Markel, the insurance operations within Markel Group Inc., has announced the promotion of Chloe Gordge to Head of Terrorism in London, effective immediately. In her new role, Gordge will lead the day-to-day running of Markel’s London Terrori...
Posted: Apr 18, 2024
Speciality re/insurance managing general agent (MGA) Rokstone, which is part of the Aventum Group, has launched a free Directors & Officers (D&O) Limits of Indemnity (LOI) Calculator, designed to support brokers partners. The MGAs new tool...
Posted: Apr 18, 2024
MADISON, Wis . (AP) — Wisconsin Republicans on Tuesday ignored the latest call from Democratic Gov. Tony Evers to spend $125 million to combat so-called forever chemicals, leading Evers to say he might sue over the issue. The moves are …
Posted: Apr 18, 2024
High net worth insurance specialist PURE Insurance has revealed that its direct combined ratio for 2023 fell to 102.2%, an improvement compared to the last two years, mainly due to stricter underwriting guidelines, pricing enhancements, and manag...
Posted: Apr 18, 2024