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Vertafore Delivers Policy Binding in PL Rating

IIR

The leading personal lines comparative rater for independent agencies is first to quote, bind and issue policies all within a single platform.

Posted: Apr 03, 2024

D&O insurance market outlook sours

NU Property & Casualty 360

Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.

Posted: Apr 03, 2024

First Street partners with Optalitix

IIR

With Optalitix Quote, First Street’s U.S. climate data will be more easily available to insurance providers, with enhanced data insights, saving many hours of manual work.

Posted: Apr 03, 2024

These states have the most pedestrian traffic fatalities

NU Property & Casualty 360

In the first half of 2023, drivers in the United States struck and killed 3,373 pedestrians, according to data from the GHSA.

Posted: Apr 03, 2024

Hercules AI Launches ‘Assembly Line’ Approach to GenAI

IIR

Combined with its RosettaStoneLLM, the approach speeds GenAI development in regulated industries.

Posted: Apr 03, 2024

Big ‘I’ Legislative Conference Issues Briefing Released

IA Magazine

The Big “I" government affairs team has recorded a virtual issues briefing outlining the top issues that will be the focus of the 2024 Legislative Conference, which will take place April 10-12 in Washington, D.C.

Posted: Apr 03, 2024

Insurance coverage Q&A: Vacant or unoccupied?

NU Property & Casualty 360

Whether a property is vacant or simply unoccupied makes a difference when coverage is involved.

Posted: Apr 03, 2024

Swiss Re taps Andreas Berger as next group CEO

NU Property & Casualty 360

Andreas Berger is succeeding Christian Mumenthaler, who is stepping down on July 1, 2024.

Posted: Apr 03, 2024

Triple-I: 2024 Atlantic Hurricane Season Forecast to be ‘Very Active’

Insurance Information Institute

For immediate release Florida Press Office: Mark Friedlander, 904-806-7813, [email protected]        ST. JOHNS, Fla., April 4, 2024 -- A very active tropical cyclone season is projected for 2024 in the Atlantic basin, according to a forecast released tod...

Posted: Apr 03, 2024

Recent North Carolina quakes highlight importance of earthquake endorsements

NU Property & Casualty 360

Much like flooding, earthquakes are not typically covered by a standard home insurance policy.

Posted: Apr 03, 2024

The Future of Customer Service is in the Hands of the Bionic Workforce

IIR

AI-powered bionic workforces are becoming more regular, unlocking opportunities for brand differentiation, innovation, and sustainable customer growth and retention.

Posted: Apr 03, 2024

Amwins Program Underwriters and Boost Insurance partner

coverager

The companies will launch an enhanced, technology-enabled version of two long-standing Lawyers Professional Liability programs.

Posted: Apr 03, 2024

Swiss Re announces CEO transition

coverager

Swiss Re announced that Andreas Berger will become Group Chief Executive Officer effective 1 July 2024.

Posted: Apr 03, 2024

Coadjute raises $12.6 million

coverager

Coadjute’s platform is designed to simplify the house buying process to connect all parties involved.

Posted: Apr 03, 2024

Aviva launches Aviva MyDrive

coverager

85% of Aviva MyDrive users are expected to be offered a discount on their insurance renewal, according to the insurer.

Posted: Apr 03, 2024

Kansas Newspaper Seeks $10M Over Police Raids

Insurance Journal

TOPEKA, Kan. (AP) — A weekly central Kansas newspaper and its publisher filed a federal lawsuit Monday over police raids last summer of its offices and the publisher’s home, accusing local officials of trying to silence the paper and causing &#...

Posted: Apr 03, 2024

Illinois Hog Farm Sued for Gender Identity Discrimination

Insurance Journal

Sis-Bro, Inc., a hog farm in New Athens, Illinois, violated federal law when it allowed an employee to be harassed because of her sex and gender identity, forcing her to quit, the U.S. Equal Employment Opportunity Commission (EEOC) charged in …

Posted: Apr 03, 2024

UK’s Ardonagh Advisory Completes Acquisition of Westfield Brokers

Insurance Journal

Ardonagh Advisory, the London-based SME broking platform and part of Ardonagh Group, has completed its acquisition of Westfield Brokers Ltd. Financial details of the deal, which was first announced in December 2023, were not disclosed. Westfield Brok...

Posted: Apr 03, 2024

Multiple Hurt in Texas Crash Caused by High Winds

Insurance Journal

MIDLAND, Texas (AP) — Multiple people were hurt Monday in a pileup involving as many as 30 vehicles at an intersection south of Midland, Texas, as high winds blew dust that made visibility difficult, the Texas Department of Public Safety …

Posted: Apr 03, 2024

People Moves: Upland Promotes Walas to Chief Underwriting Officer

Insurance Journal

Upland Capital Group, Inc., headquartered in Dallas, promoted Kate Walas to chief underwriting officer. Walas joined Upland as senior vice president for the professional liability errors and omissions product line. Before joining Upland, she served a...

Posted: Apr 03, 2024

People Moves: MS Amlin Promotes Geddes as Head of Reinsurance; Aon’s CFO Davies to Retire in 2025

Insurance Journal

This edition of International People Moves details appointments at re/insurer MS Amlin and the broker Aon. A summary of these new hires follows here. MS Amlin Promotes Geddes as Head of Reinsurance MS Amlin, the Lloyd’s re/insurer, announced th...

Posted: Apr 03, 2024

­­­­­­­AXA Plans Cyber Risk Prevention Campaign Ahead of Paris Olympics

Insurance Journal

AXA SA is planning a campaign to help prevent cyberattacks targeting France in the run-up to the Paris Olympics next summer. The insurer will share key measures with French corporate clients to improve the protection of their information systems, the...

Posted: Apr 03, 2024

Reinsurance Market Shows Positive Trends, Increased Competition

Risk & Insurance

Amid increased competition and capacity, the April 1 reinsurance renewals signal a more predictable market, with competition for higher catastrophe layers, according to a report by Aon. The post

Posted: Apr 03, 2024

Fitch expects European commercial insurers’ margins to peak in 2024

Reinsurance News

According to analysts at Fitch Ratings, major European commercial insurers will likely see their underwriting margins peak in 2024, followed by a gradual weakening. Throughout 2023, these insurers continued to enhance the profitability of their bu...

Posted: Apr 03, 2024

Cardinals Ordered to Pay Former Executive Nearly $3M in Damages for Defamation

Carrier Management

Cardinals Ordered to Pay Former Executive Nearly $3M in Damages for Defamation An NFL arbitrator ordered the Arizona Cardinals to pay nearly $3 million to former team executive Terry McDonough for making "false and defamatory" statements about him to...

Posted: Apr 03, 2024

Car Shipper Estimates $10M Loss From Baltimore Bridge Collapse

Carrier Management

Car Shipper Estimates $10M Loss From Baltimore Bridge Collapse Norwegian car shipping firm Wallenius...

Posted: Apr 03, 2024

Nationwide Survey Finds Distracted Driving Still an Issue

Carrier Management

Nationwide Survey Finds Distracted Driving Still an Issue A survey of p...

Posted: Apr 03, 2024

Howden to Acquire French Broker OFRACAR

Insurance Journal

Howden, the London-based insurance intermediary group, announced it has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen, thereby expanding its geographical footprint and capabilities to clients in n...

Posted: Apr 03, 2024

Klaus Wilkens named president and CEO of Munich Re Canada

Reinsurance News

Munich Re has announced the appointment of Klaus Wilkens as the new president and CEO for Munich Reinsurance Company of Canada and Temple Insurance Company, the reinsurer’s agency affiliate in the country. An experienced leader with a strong mix o...

Posted: Apr 03, 2024

Generali Completes Purchase of Conning and Affiliates From Cathay Life

Insurance Journal

Generali announced it has completed the acquisition of Conning Holdings Ltd. (CHL) and Conning affiliates from Cathay Life, a subsidiary of Taiwan’s Cathay Financial Holdings. The deal, which was first announced on July 6, 2023, has been struct...

Posted: Apr 03, 2024

Generali Completes Acquisition of Conning and Affiliates From Cathay Life

Insurance Journal

Generali announced it has completed the acquisition of Conning Holdings Ltd. (CHL) and Conning affiliates from Cathay Life, a subsidiary of Taiwan’s Cathay Financial Holdings. The deal, which was first announced on July 6, 2023, has been struct...

Posted: Apr 03, 2024

Blue Owl Capital to acquire Kuvare Asset Management

coverager

Blue Owl is paying $750 million.

Posted: Apr 03, 2024

DOXA acquires Renters Legal Liability

coverager

The transaction closed on April 1, 2024.

Posted: Apr 03, 2024

NEXT launches link generator for agents to streamline business insurance

coverager

Agents can generate a personalized quoting link through NEXT’s agent portal.

Posted: Apr 03, 2024

AIG sues Dellwood Insurance Group

coverager

The companies will launch an enhanced, technology-enabled version of two long-standing Lawyers Professional Liability programs.

Posted: Apr 03, 2024

Moody’s RMS and Augment Risk partner on parametric risk transfer market

Reinsurance News

Moody’s RMS, the global catastrophe risk modeling and solutions company, has strategically collaborated with innovative reinsurance brokerage firm Augment Risk, to develop the market for parametric risk transfer. The collaboration aims to serve a...

Posted: Apr 03, 2024

Generali completes acquisition of Conning Holdings

Reinsurance News

Generali has completed the acquisition of Conning Holdings Limited (CHL) and its affiliates from Cathay Life, a subsidiary of Cathay Financial Holdings, one of the largest Asia-based financial institutions. The acquisition includes Conning, focuse...

Posted: Apr 03, 2024

Palm Beach Elite Are Raising Money to Lure Vanderbilt to Florida

Insurance Journal

Wealthy Florida residents and developers are looking to raise at least $300 million for Vanderbilt University to build a sprawling campus in West Palm Beach. Billionaire developer Steve Ross hosted a reception at his Palm Beach mansion on Monday for...

Posted: Apr 03, 2024

Buyer's Guide & Evaluation Checklist for AI-Powered IDP Software

Insurance Thought Leadership

Buyer's Guide & Evaluation Checklist for AI-Powered IDP Software AI & Machine Learning sradomski

Posted: Apr 03, 2024

PCF Insurance Acquires Alabama’s MK Insurance Agency

Insurance Journal

PCF Insurance Services, a brokerage operating in 40 states, has acquired Hoover, Alabama-based MK Insurance Group, a family owned commercial and personal lines agency in business for six decades. MK Insurance has specialized in insurance coverage for...

Posted: Apr 03, 2024

Markets/Coverages: Munich Re’s HSB Launches Cyber Insurance for Autos

Insurance Journal

With millions of connected vehicles on U.S. roads, personal cars and trucks will likely be the next big target for hackers and cyber thieves, according to specialty insurer HSB, which has launched a new cyber insurance product to help consumers &#823...

Posted: Apr 03, 2024