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Lemoande is one of several MGAs writing business with Home State.
Posted: Apr 05, 2024
The transaction is expected to close in the second half of 2024.
Posted: Apr 05, 2024
Posted: Apr 05, 2024
ACORD, the standards-setting body for the global insurance industry, has announced the latest enhancements to its Global Reinsurance & Large Commercial (GRLC) ePlacing Implementation Guide. The newly released GRLC ePlacing Implementation Guide...
Posted: Apr 05, 2024
A 4.8 magnitude earthquake shook the New Jersey-New York area this morning at about 10:23 am, according to the United States Geological Survey. The earthquake’s epicenter was near Whitehouse Station, New Jersey. People reported feeling the shak...
Posted: Apr 05, 2024
The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and infrastructure disruptions. However, insurers are expected to weather the financial impact w...
Posted: Apr 05, 2024
Higginbotham, the large U.S. insurance brokerage, has added another arrow to its quiver with the acquisition of Thompson & Smith Insurance, an independent agency in Jackson, Tennessee. T&S, offering commercial and personal lines, was founded...
Posted: Apr 05, 2024
The latest hiring announcement in the industry today. The post Alex Post Appointed as Senior Vice President a...
Posted: Apr 05, 2024
Great American Insurance Group has announced the promotions of Jonathan M. Goldman to the role of Divisional President, Strategic Comp; and Kenneth R. Nieberding, to Divisional President, Great American Risk Solutions, both effective July 1, 2024....
Posted: Apr 05, 2024
The latest promotion announcement in the industry today. The post Tish King Named Head of Corporate Communicatio...
Posted: Apr 05, 2024
The latest promotion announcement in the industry today. The post Tish King Named as Head of Corporate Communica...
Posted: Apr 05, 2024
In another setback for electric car demand in China, where uptake has slowed in recent months, some drivers are now finding themselves paying more for insurance — and are taking to social media to complain. In one report last week, …
Posted: Apr 05, 2024
A violent storm that hit the Northeast the past two days has taken the lives of at least four people, three of whom were killed when uprooted trees crashed into their vehicles. Heavy rains and snow along with winds as …
Posted: Apr 05, 2024
The Florida Office of Insurance Regulation is reminding carriers that additional data is due April 17 on Hurricane Ian claims. All property insurers are required by law to submit the enhanced catastrophe reports, including additional claims and other...
Posted: Apr 05, 2024
Arch Insurance North America, part of Arch Capital Group Ltd., has entered into a master transaction agreement to acquire the US MidCorp and Entertainment insurance businesses – which includes select specialty insurance programs – fro...
Posted: Apr 05, 2024
Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire Allianz Global Corporate & Specialty’s US MidCorp and Entertainment businesses for a cash consideration of...
Posted: Apr 05, 2024
MADISON, Wis. (AP) — A worker burned in a 2022 explosion during renovation work on the University of Wisconsin’s Camp Randall Stadium has settled his lawsuit against the project’s general contractor for $22 million, his attorney says. The...
Posted: Apr 05, 2024
Consent and cooperation provisions in a D&O policy cannot be used by one insured party to prevent coverage for another insured party's settlement. The post
Posted: Apr 05, 2024
Almost one year ago, on May 31, 2023, Florida Gov. Ron DeSantis signed sweeping insurance reform legislation into law. At that time, the Florida insurance market was on life support. Homeowners’ insurance companies, stung by massive losses, wer...
Posted: Apr 05, 2024
Aon’s latest weekly catastrophe report predicts that the recent multi-hazard weather system, which affected the continental United States from March 29th to April 5th, may result in economic and insured losses totaling hundreds of millions o...
Posted: Apr 05, 2024
AXA, Amazon Team Up on Digital Commercial Risk M...
Posted: Apr 05, 2024
A construction worker was killed and three other people were injured when a crane section fell onto a bridge in Fort Lauderdale, Florida, heavily damaging cars that were crossing the bridge Thursday. The Miami Herald and other news sites reported ...
Posted: Apr 05, 2024
The U.S. Army Corps of Engineers said Thursday it expects to open a new channel to the Port of Baltimore by the end of April, freeing up commercial shipping blocked by a collapsed bridge, and then restore port access to …
Posted: Apr 05, 2024
In their latest trading update, Rothesay, a prominent UK pensions insurance specialist, completed de-risking transactions with twelve pension schemes during 2023, resulting in new business premiums of £12.7 billion, a substantial increase from £3....
Posted: Apr 05, 2024
The outcome of the Japan casualty reinsurance renewals at April 1st were predominantly stable or favourable, with some sellers pulling back from certain lines as others adopted a more positive approach, according to Gallagher Re. In Gallagher Re’s...
Posted: Apr 05, 2024
Subsidized insurance would attract investors to help rebuild Ukraine’s war-battered economy, according to the European Bank for Reconstruction and Development. “Reconstruction could start very quickly,” EBRD Chief Economist Beata Ja...
Posted: Apr 05, 2024
Women’s representation in senior level positions at US companies faces an “alarming turning point,” with steady growth showing signs of fatigue for the first time in two decades, according to a new report. Women accounted for 11.8%...
Posted: Apr 05, 2024
Standard Insurance Company (The Standard)has announced the appointment of Lauren Canfield as vice president, corporate actuary and chief risk officer, succeeding Sally Manafi who is retiring. Canfield, who is taking over her new role April 1, 2024...
Posted: Apr 05, 2024
Donald Trump must prove within 10 days that the company providing his $175 million appeal bond in New York’s civil fraud case is financially capable of paying up if his legal challenges fail, the state told a judge. New York …
Posted: Apr 05, 2024
Windward Risk Managers, the management company behind Florida Peninsula and Edison Insurance, is bringing additional capital and capacity to the Florida market with the launch of Ovation Home Insurance Exchange. Scheduled to begin writing policies...
Posted: Apr 05, 2024
Global Ag Insurance Services is a subsidiary of AXA XL.
Posted: Apr 05, 2024
The "first-of-its-kind" program enables companies with independent workers to make contributions into an individual's portable benefits savings account.
Posted: Apr 05, 2024
The product is designed for homes in coastal and wildfire exposed areas.
Posted: Apr 05, 2024
Insurtech Novidea is further strengthening its global leadership team with the appointment of Betterview and Groundspeed Analytics executive Jeff Heine as Chief Revenue Officer (CRO). In his new role, Heine will be in charge of driving global reve...
Posted: Apr 05, 2024
Acrisure, the global Fintech company has announced the formation of its Midwest Region, to be led by Tina Semotan as Managing Partner. According to the announcement, the new region comprises businesses in Illinois, Iowa, Kansas, Minnesota, Missour...
Posted: Apr 05, 2024
According to Aon, the deadly magnitude-7.4 earthquake that struck eastern Taiwan on April 3 is likely to result in a notable event for the local insurance industry due to relatively high take-up rates. The quake is reportedly the island’s la...
Posted: Apr 05, 2024
Building more resilient buildings and infrastructure and preventing damage from disasters will be key to managing climate risk in the future. The post
Posted: Apr 05, 2024
Deflation pressure in China is easing, but there is little upside to come according to the Swiss Re Institute, as its forecasts low inflation for the country in 2024, which should contribute to the global disinflation process and support insurance...
Posted: Apr 05, 2024
COVID was not the only thing that disrupted business travel. Geopolitical instability, climate risks and a new class of bleisure travelers are making corporate travel more complicated. The post
Posted: Apr 05, 2024
Conifer Holdings, Inc. has announced the commencement of a capacity relationship with data-driven risk exchange Accelerant. Conifer explained that by leveraging Accelerant’s Risk Exchange, it aims to improve risk assessment and thus enhance...
Posted: Apr 05, 2024
Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters’ United Risk division, is set to acquire the majority of Argo Surety group’s in-force coal, oil, gas, and mining business. According to ASU, it will immediately as...
Posted: Apr 05, 2024
Fortitude Re has appointed Jamie Schmerer as SVP, Enterprise Risk, where he will lead the firm’s regulatory relations efforts in Bermuda and oversee its enterprise risk management framework, including risk governance, risk appetite, and risk...
Posted: Apr 05, 2024
For the first time, a fixed-income sector — private credit — topped the list of favored assets in Goldman Sachs Asset Management’s annual survey of global insurance companies. Of the 359 executives polled, 53% ranked private credit among the to...
Posted: Apr 05, 2024
A lack of investment in green energy has left the world on track to overshoot the 1.5C temperature increase that scientists have defined as a critical threshold in global efforts to contain climate change. The finding was published on Thursday …...
Posted: Apr 05, 2024
Aon, the global insurance and reinsurance broker, has appointed Uri Dallal as the firm’s New York City market leader, effective immediately. He will report to Christine Williams, Northeast region leader at Aon. In the new role, Dallal will oversee...
Posted: Apr 05, 2024