All Posts
California Insurance Commissioner Ricardo Lara said he will allow catastrophe modeling to be used in rate regulation for wildfires, a move he says will help restore insurance options for Californians, including allowing. It was the latest phase of La...
Posted: Mar 14, 2024
Labor Board Rule on Contract and Franchise Workers Blocked by Federal Judge A federal judge in Texas on Frid...
Posted: Mar 14, 2024
Triple-I: Regulatory Restrictions Contribute to Risk Crisis in Califor...
Posted: Mar 14, 2024
Survey: Insurers Use of AI Continues to Increase, Adapt The insurance industry is continuing its technological tran...
Posted: Mar 14, 2024
The Latest Launches from Sure, Ignite, Sertis Sure announced the launch of An...
Posted: Mar 14, 2024
California’s property insurer of last resort told lawmakers that it’s financially unprepared to cover the costs of a major catastrophe in the state. The plan now faces $311 billion in potential losses, up from $50 billion six years ago, C...
Posted: Mar 14, 2024
Credit ratings agency AM Best has assigned Arch Group Reinsurance Ltd. (Bermuda) a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” (Superior). The outlook assigned to these ratings is stable. The ratings ag...
Posted: Mar 14, 2024
Product recalls across several various sectors experienced record breaking product recalls, according to a recent Sedgwick report. Regulatory changes within the last year could serve as the reasoning for the five-year high. The post
Posted: Mar 14, 2024
Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting on a steady easing of price &...
Posted: Mar 14, 2024
The Lloyd’s market and the Bermuda Monetary Authority (BMA) are jointly developing an initiative to share risk expertise between these two major re/insurance hubs. The focus will be on fostering innovation through the Lloyd’s Lab and impr...
Posted: Mar 14, 2024
Legal & General Retirement America (LGRA) and Reinsurance Group of America (RGA) have partnered to complete a $700 million pension risk transfer (PRT) transaction with US-based FirstEnergy. The transaction will secure the retirement benefits o...
Posted: Mar 14, 2024
Insurance Business Magazine - US
Posted: Mar 14, 2024
Insurance Business Magazine - US
Posted: Mar 14, 2024
Insurance Business Magazine - US
Posted: Mar 14, 2024
Insurance Business Magazine - US
Posted: Mar 14, 2024
The partnership marks one of bolttech’s first commercial launches in the country.
Posted: Mar 14, 2024
Insurance Business Magazine - US
Posted: Mar 14, 2024
The carrier reported a net underwriting loss of $43 million.
Posted: Mar 14, 2024
Insurance Business Magazine - US
Posted: Mar 14, 2024
SquareDash offers both claim funding and a subscription service.
Posted: Mar 14, 2024
“Having our innovative, game-changing approach acknowledged and endorsed by the broader industry clearly demonstrates that Coterie is bringing real value to ongoing industry challenges with novel and exciting solutions," said David McFarland, CEO.
Posted: Mar 14, 2024
Massachusetts Governor Appeals Denial of Federal Disaster Aid for Flooding Gov. Maura Healey is appeali...
Posted: Mar 14, 2024
One Inc offers a platform to process digital payments for premiums and claims.
Posted: Mar 14, 2024
Across Paraguay, hackers knocked out online services provided by the foreign ministry and companies. In Sweden, they crippled the payroll and human resources systems of more than 100 government bodies, including the central bank and parliament, as we...
Posted: Mar 14, 2024
Conning survey reveals a surge in AI adoption within the insurance industry, with large language models leading the tools being explored for sales, underwriting, and claims processing. The post
Posted: Mar 14, 2024
The latest hiring announcement in the insurance and risk management industry today. The post Emily Fink Named as Chief Marketing...
Posted: Mar 14, 2024
SAVANNAH, Ga. (AP) — There was no green beer, no pickup trucks towing parade floats or throngs of tourists in gaudy green outfits. Instead, just a few dozen of Savannah’s early Irish immigrants marched a half-mile from a hotel near …
Posted: Mar 14, 2024
Markel, the insurance operation within Markel Group Inc., has promoted Oliver Atkin as Head of Bloodstock in London, effective immediately. He will report directly to Juliet Redfern, Divisional Managing Director of Equine and Livestock at Markel I...
Posted: Mar 14, 2024
BIRMINGHAM, Ala. (AP) — An Alabama judge cut bond by nearly $1.9 million on Tuesday for a man accused of fleeing from police during a car chase and causing a crash last January that injured Gayle Manchin, the wife of …
Posted: Mar 14, 2024
Texas fires released roughly 3.4 million metric ton of carbon dioxide in January and February, according to a new analysis. In January, Texas fires pumped out 440,400 tons of CO2 emissions, according to Copernicus Atmosphere Monitoring Service data s...
Posted: Mar 14, 2024
This edition of International People Moves details appointments at Howden Tiger and Markel. A summary of these new hires follows here. Howden Tiger Taps Byler From Carpenter to Lead US Casualty Division Howden Tiger, the reinsurance and capital advis...
Posted: Mar 14, 2024
A small plane crash in a remote area of central Oregon has killed everyone on board, local authorities said. The Jefferson County Sheriff’s Office said a 911 call around 7:40 p.m. Sunday reported the crash outside the city of Madras, …
Posted: Mar 14, 2024
Howden Tiger, the reinsurance and capital advisory arm of Howden Group, has announced that Carrie Byler has joined the company’s Global Casualty Division, taking on the role of Managing Director, Head of US General Casualty. Reporting to Global He...
Posted: Mar 14, 2024
The National Flood Insurance Program has paid out $364 million on flood claims from Hurricane Idalia, the storm that swamped part of Florida in August. That’s a fraction of the $3.2 billion NFIP paid after Hurricane Ian, a much larger …
Posted: Mar 14, 2024
At least 3,000 more chemicals are in plastics — from food packaging to toys to medical devices — than previously estimated by environment agencies, a report published on Thursday found, raising questions over pollution and consumer safety. While the...
Posted: Mar 14, 2024
Bloomberg Intelligence (BI) has said that a 360% rise in insured losses in the past three decades from the increased frequency and intensity of natural disasters is causing for insurers to “hike premiums and exit high-risk areas,”. At...
Posted: Mar 14, 2024