All Posts

Arrow Risk Management raises £2 million

coverager

Arrow Risk Management has secured a Lloyds coverholder status.

Posted: Mar 20, 2024

Chubb partners with Atome

coverager

The companies will co-create a range of insurance products.

Posted: Mar 20, 2024

Hiscox appoints Leigh Hellrung as COO in the US

coverager

Bringing over 20 years of industry experience to the role, Hellrung will lead all aspects of the US operations across service delivery, strategy, transformation, data, and process excellence.

Posted: Mar 20, 2024

SiriusPoint and NIP Group launch E&S platform

coverager

SiriusPoint and NIP will initially leverage their combined strengths to foster innovation within NIP’s LandPro program.

Posted: Mar 20, 2024

Insurance CROs Highlight Cybersecurity, AI, Climate Change as Key Risk Concerns

Risk & Insurance

Insurance CROs are optimistic about their ability to shore up their operational defenses in 2024 despite global economic headwinds, and complex emerging risks, EY/IIF survey finds The post

Posted: Mar 20, 2024

2024 severe convective storm season picking up where last year left off: CoreLogic

Reinsurance News

Analysis by CoreLogic estimates that 1-inch or greater hail fell on over 660,000 homes between March 13th and 14th in the central United States, causing material and destructive property damage. Dozens of severe convective storms (SCS) formed acro...

Posted: Mar 20, 2024

West Texas Ranchers Face Losses After Historic Wildfires

Insurance Journal

LUBBOCK — There are burned spots on Jay O’Brien’s ranch outside Stinnett that predate the Smokehouse Creek fire. Over the last several months, small fires — ones that weren’t pushed by strong winds or grew out of control — scarred &...

Posted: Mar 20, 2024

VIG appoints Christoph Rath deputy member of its Managing Board

Reinsurance News

Vienna Insurance Group (VIG), an insurer in the Central and Eastern European region, has announced the appointment of Christoph Rath as a deputy member of the Managing Board. Rath, who currently is the Chief Financial Officer (CFO) of the Czech co...

Posted: Mar 20, 2024

People Moves: Domino joins Farmers Alliance Board of Directors; Westfield Names Rosenberg as Preside...

Insurance Journal

Domino joins Farmers Alliance Board of Directors David Domino has been elected a director for the Farmers Alliance Companies, headquartered in McPherson, Kansas. Domino will provide guidance, direction and oversight for the companies’ property...

Posted: Mar 20, 2024

Alkeme Acquires New Jersey’s Wharton Lyon & Lyon Agency

Insurance Journal

California-based insurance broker Alkeme reported the acquisition of Wharton Lyon & Lyon, a retail insurance agency headquartered in Livingston, New Jersey. Founded in 1912, Wharton Lyon & Lyon is a third-generation insurance agency providing...

Posted: Mar 20, 2024

California looks to expand use of cat models to wildfire, terrorism, & flood: Commissioner Lara

Reinsurance News

In a move to help drive back a developing insurance crisis across the state of California, that has witnessed companies pulling back on underwriting property insurance there, or exiting the state completely, Insurance Commissioner Ricardo Lara has...

Posted: Mar 20, 2024

Georgia Legislature Limits Lawsuits Against Insurers After Truck Crashes

Carrier Management

Georgia Legislature Limits Lawsuits Against Insurers After Truck Crashes...

Posted: Mar 20, 2024

Ban Expected for Last Form of Asbestos Used in U.S.

Carrier Management

Ban Expected for Last Form of Asbestos Used in U.S. The U.S. Environmental Prote...

Posted: Mar 20, 2024

Sinking Coastal Cities Could Impact 500,000 With Future Flood Risk

Carrier Management

Sinking Coastal Cities Could Impact 500,000 With Future Flood Risk One in 50 people living in two doze...

Posted: Mar 20, 2024

Duck Creek launches new payment processes solution for North America

Reinsurance News

P&C insurance software provider Duck Creek Technologies, has announced the launch of Duck Creek Payments in the North American market, a cloud-based Software as a Service (SaaS) solution. This cutting edge product, Duck Creek stated, is to tra...

Posted: Mar 20, 2024

Drugmaker Endo Receives Court Approval for Bankruptcy Restructuring

Insurance Journal

Bankrupt drugmaker Endo International said on Tuesday a U.S. Bankruptcy Court has approved its restructuring plan and related opioid settlements to emerge from bankruptcy, which began in 2022. The company said the transaction is expected to close by...

Posted: Mar 20, 2024

Washington Lawsuit Says Seat Belt Saved Passenger’s Life on Alaska Air Flight

Insurance Journal

More passengers who were aboard an Alaska Airlines Boeing 737 jet when part of its fuselage blew out in January are suing — including one who says his life was saved by a seat belt. The latest lawsuit, representing seven …

Posted: Mar 20, 2024

Why Insurtech Funding Dried Up

Insurance Thought Leadership

Why Insurtech Funding Dried Up Future of Risk sradomski Wed, 03/20/2024 - 11:13...

Posted: Mar 20, 2024

Citizens’ Cerio Pushes Back Against Senator’s Questions About Insurer’s ‘Solvency’

Insurance Journal

The CEO of Citizens Property Insurance Corp. has denied that corporation representatives have been unresponsive to Congressional requests for financial information, in the wake of unsettling comments from Gov. Ron DeSantis that Citizens is “not...

Posted: Mar 20, 2024

Preparing insurers for future Generative AI advancements: MAPFRE

Reinsurance News

In a recent report conducted by Spanish insurer MAPFRE, a framework of actions is presented for insurers to consider in anticipation of potential advancements in Generative Artificial Intelligence (AI), aimed at mitigating risks and fostering a po...

Posted: Mar 20, 2024

Tanker Capsizes off Coast of Japan, Seven Deaths Confirmed: Media Reports

Insurance Journal

A South Korean-flagged chemical tanker has capsized off the coast of Yamaguchi prefecture in western Japan, with seven deaths confirmed, public broadcaster NHK reported on Wednesday, citing the coastguard. The tanker, Keoyoung Sun, was anchored due t...

Posted: Mar 20, 2024

Naturally moderated P&C price momentum to persist: Goldman Sachs

Reinsurance News

According to analysts at Goldman Sachs, the moderating pricing momentum in the Property and Casualty (P&C) sector has persisted in the early months of the year and is expected to continue throughout 2024. Goldman comments, “Price momentum has...

Posted: Mar 20, 2024

RT Specialty’s Austenfeld Elected WSIA President

Insurance Journal

Brenda (Ballard) Austenfeld was elected to serve as 2024-2025 Wholesale & Specialty Insurance Association (WSIA) president Austenfeld, CEO and president of RT Specialty’s national property practice, was chosen by membership at the organizat...

Posted: Mar 20, 2024

Subpoenas on Maui Agencies and Officials Delay Release of Key Report into Deadly Wildfire

Insurance Journal

Hawaii’s attorney general blamed a delay of the release of a key report into a deadly Maui wildfire on county agencies that forced investigators to issue subpoenas. The first phase of an independent investigation into the Aug. 8 fire that &#823...

Posted: Mar 20, 2024

Subpoenas on Maui Agencies and Officials Delay Release of Report Into Wildfire

Insurance Journal

Hawaii’s attorney general blamed a delay of the release of a key report into a deadly Maui wildfire on county agencies that forced investigators to issue subpoenas. The first phase of an independent investigation into the Aug. 8 fire that &#823...

Posted: Mar 20, 2024

NAIC Names Bay State Insurance Commissioner as CEO

Carrier Management

NAIC Names Bay State Insurance Commissioner as CEO The National Association of Insurance Commissioners...

Posted: Mar 20, 2024