All Posts
The California-based startup raised $82 million and operates in 26 states.
Posted: Mar 11, 2024
Insurance Business Magazine - US
Posted: Mar 11, 2024
Aspen will assume a share of Coalition’s US surplus lines cyber program this year.
Posted: Mar 11, 2024
MassMutual Ventures led the round.
Posted: Mar 11, 2024
Commercial insurer Nirvana Insurance has announced it has doubled capacity with the support of a number of top-tier reinsurance partners, becoming one of the fastest-growing trucking insurers of all time. Driven by artificial intelligence (AI), te...
Posted: Mar 11, 2024
Acrisure, a global Fintech company, has announced the formation of its Great Lakes Region, led by Managing Partner Kelly Reed. The Great Lakes Region, encompassing Michigan, Indiana and Ohio, will cater to more than 180,000 Acrisure clients, serve...
Posted: Mar 11, 2024
Why Culture Is the Key to Innovation From Our Partners sradomski Mon, 03/11/2024 -...
Posted: Mar 11, 2024
No recoverable oil remains in the water after a sheen was reported off the Southern California coast, but the cause remains unclear, officials said. Authorities detected the 2.5-mile long oil sheen Friday morning. Crews recovered about 85% of it, rou...
Posted: Mar 11, 2024
No recoverable oil remains in the water after a sheen was reported off the Southern California coast, but the cause remains unclear, officials said. Authorities detected the 2.5-mile long oil sheen Friday morning. Crews recovered about 85% of it, rou...
Posted: Mar 11, 2024
Coalition, an active cyber threat insurance provider, has entered a long-term capacity agreement with Aspen Specialty Insurance Company to deploy cyber insurance capacity in the US. Through this agreement, Aspen will assume a share of Coalition’s...
Posted: Mar 11, 2024
AI Firms Face Growing List of Lawsuits. Here’s What to Watch Artificial intelligence firms are facing increasing pr...
Posted: Mar 11, 2024
Lloyd’s strong 2023 results reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason for complacency,” said Patrick Tiernan, chief of markets, in a market message to discuss preliminary results. Burk...
Posted: Mar 11, 2024
Lloyd’s strong 2023 results reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason for complacency,” said Patrick Tiernan, chief of markets, in a market message to discuss preliminary results. Burk...
Posted: Mar 11, 2024
The Federal Emergency Management Agency (FEMA) late last week said that for the seventh time it went to the insurance-linked securities reinsurance markets to secure $575 million in coverage for the National Flood Insurance Program (NFIP). FEMA enter...
Posted: Mar 11, 2024
AM Best’s recent market segment report indicates a notable increase in the estimated net investment income within the US property and casualty (P/C) market, with predictions exceeding $85 billion in 2024. In 2018, the industry’s net investme...
Posted: Mar 11, 2024
Markel, the insurance operation within Markel Group Inc., has appointed Ng Yao Hua as Cyber Security Analyst, further strengthening its investment in cyber security underwriting in the Asia Pacific market. Markel explained that Ng will support its...
Posted: Mar 11, 2024
In a recent interview with Reinsurance News, Louis de Segonzac, Chief Underwriting Officer (Americas) at MS Reinsurance, discussed the company’s strategic focus on expanding its presence in the Latin America (LatAm) market. Segonzac explaine...
Posted: Mar 11, 2024
Posted: Mar 11, 2024
HDI Global has announced that both Dr Barbara Klimaszewski-Blettner and Dr Dirk Höring will be joining the Board of Management of HDI Global SE, effective from April 1, 2024. The company has confirmed, that Klimaszewski-Blettner will be taking ove...
Posted: Mar 11, 2024
FTI Consulting, Inc. has announced the acquisition of actuarial consulting firm Madison Consulting Group. FTI Consulting explained that the addition of Madison Consulting Group will expand its property and casualty actuarial and compliance offerin...
Posted: Mar 11, 2024
An attack by Yemen’s Houthi rebels set off explosions ahead of a Singapore-flagged vessel in the Gulf of Aden, authorities said, the latest in a campaign of assaults by the Iranian-backed group over Israel’s war on Hamas in the Gaza ̷...
Posted: Mar 11, 2024
Based on preliminary and unaudited figures under IFRS 4, Africa Re has reported a net income of $129.145 million in 2023, marking a massive improvement of 444.16% from the $23.733 million net income posted in 2022. Africa Re additionally recorded...
Posted: Mar 11, 2024
The U.S. Federal Emergency Management Agency (FEMA) has obtained reinsurance coverage through insurance-linked securities (ILS) reinsurance for the seventh time by entering a three-year reinsurance agreement, securing $575 million of coverage for...
Posted: Mar 11, 2024
Italy’s data protection agency said on Friday it had opened an investigation into a service developed by Microsoft-backed Open AI that can generate videos based on text prompts. The regulator, known as Garante, asked Open AI to clarify whether...
Posted: Mar 11, 2024
Credit ratings agency AM Best has revealed that it expects to see more advanced and specialised conversational AI developed over the near term to handle more complex situations across the insurance industry. As many are aware, insurers have been v...
Posted: Mar 11, 2024
Posted: Mar 11, 2024
Posted: Mar 11, 2024
Cybersecurity startup BreachBits has secured seed funding, in a round led by Blu Ventures, to accelerate its efforts to help businesses predict and avoid data breaches at scale. According to BreachBits, the funds will be used to capitalise on its...
Posted: Mar 11, 2024
Equitable Holdings, the financial services holding company comprised of Equitable and AllianceBernstein, has announced new leadership appointments, including Julia Zhang as Chief Risk Officer (CRO). Zhang succeeds Aaron Sarfatti, who served as the...
Posted: Mar 11, 2024
GAWS of London Limited (GAWS), an independent London market wholesale insurance broker, has rebranded itself under the new brand of Evolin Broking Limited (Evolin). The broker explained that it is “rooted in the ever-evolving nature of relat...
Posted: Mar 11, 2024
The Managing General Agents’ Association (MGAA) has announced the appointment of three new board members, while also revealing it had seen significant growth in its membership over the last year, welcoming its 400th member. The new board members w...
Posted: Mar 11, 2024
A federal judge in Texas on Friday struck down a U.S. National Labor Relations Board (NLRB) rule that would treat many companies as employers of certain contract and franchise workers and require them to bargain with unions representing them. U.S. &#...
Posted: Mar 11, 2024
Microsoft said on Friday that hackers linked to Russia’s foreign intelligence were trying again to break into its systems, using data stolen from corporate emails in January to gain new access to the tech giant whose products are widely used &#...
Posted: Mar 11, 2024
While artificial intelligence made headlines with ChatGPT, behind the scenes, the technology has quietly pervaded everyday life — screening job resumes, rental apartment applications, and even determining medical care in some cases. While a number of...
Posted: Mar 11, 2024
A number of property insurance-related bills were introduced in the Florida Legislature this year – from a fundamental change to the Citizens Property Insurance Corp. coverage model to further limiting policy cancellations after a storm. But only a h...
Posted: Mar 11, 2024
Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A Virginia federal district judge in …
Posted: Mar 11, 2024
New York State Inspector General Lucy announced a sentencing and a guilty plea in two separate workers’ compensation fraud cases. Lang announced the sentencing of Brian Simpson, 55, of Monroe County, who defrauded the workers’ compensatio...
Posted: Mar 11, 2024
The trial and conviction of a movie armorer in connection with a fatal shooting on the set of the Western movie “Rust” has given Alec Baldwin and his legal team a unusual window into how his own trial in the …
Posted: Mar 11, 2024
The trial and conviction of a movie armorer in connection with a fatal shooting on the set of the Western movie “Rust” has given Alec Baldwin and his legal team a unusual window into how his own trial in the …
Posted: Mar 11, 2024
Two Jewish students filed a federal lawsuit Thursday against the Massachusetts Institute of Technology accusing the university of allowing antisemitism on campus that has resulted in them being intimidated, harassed and assaulted. The lawsuit mirrors...
Posted: Mar 11, 2024
Winston Welch joined Crest Insurance Group in its Tucson and Scottsdale, Arizona offices. Welch has extensive experience in management and business development, both in the U.S. and internationally. He previously served as U.S. support manager at Tra...
Posted: Mar 11, 2024
The first “NYPD: Most Wanted” video was meant to be intimidating. Over a pounding soundtrack, the montage cuts among stock images and body-camera footage of actual police raids. A fake gun discharges. Real officers break down a door, bark...
Posted: Mar 11, 2024
SALT LAKE CITY, UT., March 11, 2024 — Rick J. Lindsey, President and CEO of Prime Insurance Company, a specialty insurance carrier, announced today that the company partnered with Mega Trucking to fight and win frivolous litigation against Mega that...
Posted: Mar 10, 2024