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Mosaic Insurance, a specialist firm, has extended its political risk coverage to the US market and launched a new insurance product named Arbitration Award Default Insurance (AADI), offering a global coverage limit of $65 million. AADI is designed...
Posted: Mar 28, 2024
Ki, the digital and algorithmically driven Lloyd’s follow platform, has entered into a multi-year partnership with Beazley by adding the insurer’s capacity to its platform. This partnership will include Ki offering additional follow capacity from...
Posted: Mar 28, 2024
Insurance payouts for the Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John Neal. “This has the potential...
Posted: Mar 28, 2024
Analysts at Moody’s Investors Service anticipate that trade credit insurers will maintain strong underwriting discipline in 2024, supported by robust financial reserves, despite an increase in insolvencies and claims resulting from a global econom...
Posted: Mar 28, 2024
MADISON, Wis. (AP) — The Wisconsin Supreme Court on Tuesday let stand a lower court ruling that declared some delivery drivers for Amazon were employees as the state argued, not independent contractors as the online retail giant contended. The court,...
Posted: Mar 28, 2024
Depending just how long the Port of Baltimore is blocked for after the collapse of the Francis Scott Key Bridge, and the nature of the Port’s business interruption coverage, insured losses could land between $2 billion and $4 billion, accord...
Posted: Mar 28, 2024
Hong Kong-based global reinsurer Peak Re has posted a record net profit of $200 million for 2023, despite the year being characterised by high inflation, rising interest rates and a continuation of costly natural catastrophe events. According to t...
Posted: Mar 28, 2024
A Baton Rouge, Louisiana insurance producer was arrested for insurance fraud and theft, the Louisiana State Police announced this week. The Louisiana State Police Insurance Fraud/Auto Theft Unit Baton Rouge Field Office began receiving information fr...
Posted: Mar 28, 2024
A Baton Rouge, Louisiana insurance producer was arrested for insurance fraud and theft, the Louisiana State Police announced this week. The Louisiana State Police Insurance Fraud/Auto Theft Unit Baton Rouge Field Office began receiving information fr...
Posted: Mar 28, 2024
LUBBOCK — Cows in the Texas Panhandle have tested positive for the bird flu, another blow to the Texas dairy industry following historic wildfires that killed at least 7,000 livestock. The discovery, reported at three different dairies, is believed t...
Posted: Mar 28, 2024
IICF Western Division to celebrate $510,000 in grants to regional nonprofits and recognize IICF Co-Founders Bruce Basso and Jim Woods during 30th Anniversary Los Angeles, CA (March 19, 2024) –The Insurance Industry Charitable Foundation (IICF), a uni...
Posted: Mar 28, 2024
The U.S. State Department on Wednesday offered up to $10 million for information on the “Blackcat” ransomware gang who hit the UnitedHealth Group’s tech unit and snarled insurance payments across America. “The ALPHV Blackcat r...
Posted: Mar 28, 2024
Independent insurance broker The Ardonagh Group has seen a rise in full year 2023 reported income when compared with the prior year to $1.6 billion, as reported adjusted EBITDA increased 42.5% to $522 million. For 2023, the broker has reported pro...
Posted: Mar 28, 2024
U.S. insurer UnitedHealth Group on Wednesday said it has advanced more than $3.3 billion so far to care providers impacted by a cyberattack last month on insurance claims system Change Healthcare. UnitedHealth said it has paid more than 40% of …...
Posted: Mar 28, 2024
UnitedHealth Group said on Wednesday it has advanced more than $3.3 billion in loans to care providers impacted by a cyberattack on the U.S. healthcare conglomerate’s tech unit last month. Earlier this month, UnitedHealth launched a temporary f...
Posted: Mar 28, 2024
Lloyd’s, the world’s oldest marketplace for insurance and reinsurance, has today reported a strong set of results for 2023 which includes a 127% year-on-year rise in underwriting income to £5.9 billion, which contributed to a 7.9 percentage point...
Posted: Mar 28, 2024
Posted: Mar 28, 2024
Louisiana Insurance Commissioner Tim Temple pointed to State Farm’s decision to non-renew policies in the California market as a warning for lawmakers to modernize Louisiana’s regulatory framework and address legal system abuse – or risk...
Posted: Mar 28, 2024
Louisiana Insurance Commissioner Tim Temple pointed to State Farm’s withdrawal from the California market as a warning for lawmakers to modernize Louisiana’s regulatory framework and address legal system abuse – or risk insurers leaving t...
Posted: Mar 28, 2024
Louisiana Insurance Commissioner Tim Temple pointed to State Farm’s decision to non-renew policies in the California market as a warning for lawmakers to modernize Louisiana’s regulatory framework and address legal system abuse – or risk...
Posted: Mar 28, 2024
Johnson & Johnson will get a new chance to contest the scientific evidence linking talc to ovarian cancer, a federal judge ruled on Wednesday, potentially disrupting more than 53,000 lawsuits the company is now facing over its talc products. In &...
Posted: Mar 28, 2024
Genasys, a provider of insurance administration software, has launched Genasys Unify, a major update to its core platform. The latest release provides an overhaul of the previous Genasys user interface as well as a host of new features. With this,...
Posted: Mar 28, 2024
A federal court decision has raised new legal risks for a corner of Wall Street that bundles consumer loans into asset-backed securities. A US appeals court last week for the first time upheld the power of the Consumer Financial Protection …
Posted: Mar 28, 2024
Lloyd’s of London swung to a pre-tax profit of 10.7 billion pounds ($13.51 billion) in 2023, the commercial insurance market said on Thursday, boosted by strong underwriting and investment performance. The insurance market, which has more than...
Posted: Mar 28, 2024
The mother of an 8-year-old Texas girl who died over the weekend after being “violently sucked” into a gap in a hotel’s pool system has filed a wrongful death lawsuit against the hotel seeking damages in excess of $1 million. …...
Posted: Mar 28, 2024
As AI technology continues to progress further, especially with the rise in Generative AI (GenAI), organisations across the re/insurance sector are experimenting more with the technology and finding new ways to apply it into their workforce. Reins...
Posted: Mar 28, 2024
The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and statements showed. The volume of losses have increased by...
Posted: Mar 28, 2024
The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in writedowns and lost revenue, a Reuters analysis of company filings and statements showed. The volume of losses have increased by...
Posted: Mar 28, 2024
Amwins Program Underwriters (APU), part of the Amwins Underwriting division, has launched its new Home Health Care HNOA program designed to provide hired and non-owned auto liability coverage for home health care operations. With more seniors opti...
Posted: Mar 28, 2024
Vast Space LLC, founded by cryptocurrency billionaire Jed McCaleb, is being sued by a former engineer who claimed he was fired for refusing to use improper radio frequencies in designs for a commercial space station the company hopes to launch …...
Posted: Mar 28, 2024
The National Association of Insurance Commissioners (NAIC) has appointed Gary D. Anderson as its new Chief Executive Officer (CEO), effective May 1st, 2024, after completing his service as the Massachusetts Insurance Commissioner. NAIC is a 153-ye...
Posted: Mar 28, 2024
For a decade, Illinois state Sen. Sue Rezin has recognized the technological and economic potential of lithium-ion batteries. Rezin, a Republican who serves in a district that is a major chemical and energy industry hub southwest of Chicago, also rec...
Posted: Mar 28, 2024
The Target Markets Program Administrators Association (TMPAA) and The Institutes Knowledge Group created a new credential for program insurance professionals, the Program Business Professional (PBP) designation. The PBP designation is set to official...
Posted: Mar 28, 2024
Former licensed insurance agent Brett E. Lovett, 53, of Camarillo, California, was found guilty of 29 felony counts including grand theft, elder abuse, money laundering, and burglary after a 15-month California Department of Insurance investigation r...
Posted: Mar 28, 2024
BlackRock Inc. faces the prospect of being barred from offering securities in Mississippi after state officials accused the investment firm of making “fraudulent” statements regarding its climate strategy. This marks at least the second t...
Posted: Mar 28, 2024
Robert Purbeck, also known as “Lifelock,” and “Studmaster,” who hacked into the computer servers of the police department of Newnan, Georgia and a medical clinic in Griffin, Georgia, has pleaded guilty to federal charges of co...
Posted: Mar 28, 2024
Republican state lawmakers in Pennsylvania are pushing Gov. Josh Shapiro’s administration to do more to investigate the deaths of older adults who are the subject of an abuse or neglect complaint after Pennsylvania recorded a steep increase in...
Posted: Mar 28, 2024
California’s Department of Industrial Relations is beefing up a statewide effort to recruit inspectors and investigators throughout California to more thoroughly enforce labor and workplace laws. The DIR is hiring enforcement staff for Cal/OSHA...
Posted: Mar 28, 2024
This post is part of a series sponsored by AgentSync. Compliance and producer management are like the proverbial frog boiling in the pot. If you walked in fresh to a new organization, disordered compliance practices, manual processes, and missing pro...
Posted: Mar 27, 2024
Cyber's Evolving Threat Landscape Cyber ClareCarroll1 Wed, 03/27/2024 - 22:01...
Posted: Mar 27, 2024
Integrating AI Into Healthcare AI & Machine Learning ClareCarroll1 Wed, 03/27/202...
Posted: Mar 27, 2024
Can Governance Catch Up to Data Science? Data Analytics ClareCarroll1 Wed, 03/27/2024...
Posted: Mar 27, 2024
Advisors can now quote a term life insurance product and then submit an e-ticket within the same platform simplify the purchase journey for distributors, advisors and clients.
Posted: Mar 27, 2024
The investigation into why the ship collided with the bridge is ongoing.
Posted: Mar 27, 2024
ValuePenguin survey results reveal Honda CR-V and Ford F-Series models are the most affordable vehicles to insure, while Tesla’s Y model tops the list for most expensive auto insurance rates.
Posted: Mar 27, 2024
When an injury occurs at the scene of a roadside repair, what policy provides coverage if a stranded motorist is injured?
Posted: Mar 27, 2024