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Howden Tiger appoints Karl Marshall as Head of Advisory & Analytics, APAC

Reinsurance News

Howden Tiger, the reinsurance broking arm of Howden, has appointed Karl Marshall as the Head of Advisory and Analytics, Asia Pacific (APAC), where he will work closely with the firm’s Strategic Advisory and Analytics team. His remit in the n...

Posted: Mar 08, 2024

MSIG Singapore utilises Clearwater for enhanced investment management

Reinsurance News

In a recent announcement, MSIG Singapore, a subsidiary of MS&AD Insurance Group, revealed its decision to partner with Clearwater Analytics to enhance its investment data management, portfolio analytics, and reporting operations. Shane Akeroyd...

Posted: Mar 08, 2024

Kairos hires Jeffrey Khoo as CEO

Reinsurance News

Kairos Risk Solutions, the Singapore-based boutique insurance solutions consultancy, has hired Jeffrey Khoo as the company’s Chief Executive Officer (CEO). He is a renowned figure across the sector, especially known for being an advocate for...

Posted: Mar 08, 2024

Booming Stock Market Leads to Higher US Household Wealth

Insurance Journal

U.S. household wealth rose to a record of roughly $156.2 trillion at the end of 2023 thanks to a surging stock market that offset a drop in property market values, the Federal Reserve said on Thursday. Household net worth rose …

Posted: Mar 08, 2024

$7.8M Court Order Blocks Ghost Gun Retailer From Selling Certain Parts in New York

Insurance Journal

A federal judge on Wednesday permanently banned a Florida gun retailer from selling or delivering certain gun parts in New York that officials say can be used to assemble untraceable ghost guns and sold without background checks. The court order &#82...

Posted: Mar 08, 2024

Pacificorp Ordered to Pay Oregon Wildfire Victims Another $42M

Insurance Journal

A jury in Oregon has ordered PacifiCorp to pay more than $42 million to 10 victims of devastating wildfires on Labor Day 2020 — the latest verdict in litigation that is expected to see the electric utility on the hook …

Posted: Mar 08, 2024

OSHA Seeks $551K Penalty for Frozen Food Manufacturer After Worker’s Amputation

Insurance Journal

A Robbinsville, New Jersey frozen food manufacturer with a history of violating federal safety and health standards was cited again by the Occupational Safety and Health Administration (OSHA), after a worker suffered an amputation last August. The ag...

Posted: Mar 08, 2024

Connecticut State University Dormitory Fire Displaces 60 Students

Insurance Journal

A dormitory fire Monday at Central Connecticut State University is forcing 60 students into temporary housing, the university said. The started around 6 p.m. on the first floor of F. Don James Hall, the university said. Sprinklers helped prevent flam...

Posted: Mar 08, 2024

People Moves: Aon Names Ahmed and Von Obstfelder Advanced Risk Analytics Product Leaders; Tokio Mari...

Insurance Journal

Aon Names Ahmed and Von Obstfelder as Advanced Risk Analytics Product Leaders Aon plc, headquartered in London, named to new leaders in global and U.S. commercial risk. Aon named Arshi Ahmed global head of analytics for financial, professional and cy...

Posted: Mar 08, 2024

People Moves: Aon Names Ahmed and Von Obstfelder Risk Analytics Product Leaders; Tokio Marine N. Ame...

Insurance Journal

Aon Names Ahmed and Von Obstfelder as Advanced Risk Analytics Product Leaders Aon plc, headquartered in London, named to new leaders in global and U.S. commercial risk. Aon named Arshi Ahmed global head of analytics for financial, professional and cy...

Posted: Mar 08, 2024

Ball Is in Labor Board’s Court After Dartmouth Basketball Team Votes to Unionize

Insurance Journal

The Dartmouth men’s basketball team voted to unionize Tuesday in an unprecedented step toward forming the first labor union for college athletes and another blow to the NCAA’s deteriorating amateur business model. In an election supervise...

Posted: Mar 08, 2024

Generali and UNDP launch various initiatives to boost resilience in Asia

Reinsurance News

In efforts to help boost small and medium-sized enterprises (SMEs) resilience against climate change and other risks in Asia, Generali and United Nations Development Programme (UNDP) have launched a joint report detailing key risks and alternative...

Posted: Mar 08, 2024

Washington Commissioner Fined Insurers and Producers $66K

Insurance Journal

Washington state Insurance Commissioner Mike Kreidler fined insurers and producers $66,328 in January and February. Kreidler’s fines in January included New York Life Insurance Co. to the tune of $46,328 for failing to ensure its producers were...

Posted: Mar 08, 2024

DeNexus new Executive Cyber Risk Report to streamline compliance to SEC regulation

Reinsurance News

DeNexus US users are to benefit from the firm’s newly launched DeRISK Executive Report, a solution that will automatically map cyber risk metrics to SEC requirements for annual reporting of cyber risk management and governance. The Executive...

Posted: Mar 08, 2024

Lynda Gammons Joins WTW to lead CRB NA Claims Closure Solutions Team

IIR

Gammons will drive the growth of the Claims Closure Solutions, enhancing the business’s service offerings and driving the strategic direction of the group.

Posted: Mar 07, 2024

How serious is the risk of AI-powered cyber attacks?

NU Property & Casualty 360

Cyber criminals are already using these tools to groom and streamline so-called 'social engineering' attacks.

Posted: Mar 07, 2024

Making a difference: March 8, 2024

NU Property & Casualty 360

Philanthropic insurance news from Main Street America Insurance, Arbella Insurance Foundation and more.

Posted: Mar 07, 2024

HO4 vs. HO6: Golf Cart and Apartment Improvements in Retirement Community

IA Magazine

Which policy would a couple living in a retirement community need to cover their improvements? Would it also cover their golf cart?

Posted: Mar 07, 2024

These states generate the most cybercrime complaints

NU Property & Casualty 360

The FBI projects the amount of cybercrime-related losses increased by more than 20% in 2023.

Posted: Mar 07, 2024

People on the move in the P&C insurance industry: March 8, 2024

NU Property & Casualty 360

The latest insurance industry personnel news from Acrisure Re, Sedgwick, VIPR and more.

Posted: Mar 07, 2024

Arturo Strengthens Leadership Team with the Addition of Donnie Millar and Thom Keyes

IIR

The new hires bring extensive tech startup experience, as the company scales into new markets that stand to benefit from advanced property intelligence solutions.

Posted: Mar 07, 2024

Former agent arraigned for stealing more than $380K from commercial clients

NU Property & Casualty 360

The former agent’s husband also had his license revoked by the California Department of Insurance.

Posted: Mar 07, 2024

Cannabis Sales Outlook Promising for Insuring Cannabis Specialists

Insurance Journal

A new report shows global legal cannabis spending grew to $36 billion in 2023, and more importantly, that languishing sales in longer-legal states may soon start to swing back up – two big, encouraging signs for insuring cannabis specialists. BDSA, &...

Posted: Mar 07, 2024

U.S. P/C Insurance Sector Records Worst Underwriting Loss in Decade

Risk & Insurance

Severe weather losses, reinsurance costs and persistent inflation drive U.S. P/C insurer results in 2023 The post U.S. P/C I...

Posted: Mar 07, 2024

Business Is Booming for DEI Lawyers as Corporate America Asks: ‘What’s Legal?’

Carrier Management

Business Is Booming for DEI Lawyers as Corporate America Asks: ‘What’s...

Posted: Mar 07, 2024

Why Are Digital Payments Still Clunky?

Insurance Thought Leadership

Why Are Digital Payments Still Clunky? Customer Experience ClareCarroll1 Thu, 03/...

Posted: Mar 07, 2024

Predictions for Life Insurance in 2024

Insurance Thought Leadership

Predictions for Life Insurance in 2024 Life & Health ClareCarroll1 Thu, 03/07/2024 - 13:4...

Posted: Mar 07, 2024

Xcel Energy Acknowledges Role in Texas Panhandle Wildfire

Insurance Journal

Xcel Energy on Thursday acknowledged its involvement in the Smokehouse Creek Fire, which started last week and quickly became the largest wildfire in state history, burning more than 1 million acres. “Based on currently available information, X...

Posted: Mar 07, 2024

Explosion at Michigan Vaping Supply Distributor Kills One

Insurance Journal

CLINTON TOWNSHIP, Mich. (AP) — A large fire followed by multiple explosions at a building in suburban Detroit killed one person and injured a firefighter. A look at what we know about the site, including investigators’ questions surrounding the...

Posted: Mar 07, 2024

Brown & Brown’s Lonmar Acquires Renewal Rights for Bloodstock Portfolio

Insurance Journal

Lonmar Global Risks, part of Bridge Specialty International, Brown & Brown Inc.’s International Wholesale and Specialty division, has acquired the renewal rights for a bloodstock portfolio from Norwich, England-based St. Benedicts Ltd. Fina...

Posted: Mar 07, 2024

North Risk Partners Acquires South Dakota’s McKinneyOlson

Insurance Journal

North Risk Partners, one of the largest independent insurance brokers and risk advisory firms in the Midwest, has acquired McKinneyOlson Insurance in Sioux Falls, South Dakota, effective February 1. With this new partnership, 26 McKinneyOlson team me...

Posted: Mar 07, 2024

Wisconsin Flooring Manufacturer Faces $269K Fine for Repeat Violations

Insurance Journal

A Wisconsin hardwood flooring manufacturer continues to ignore federal safety and health regulations and expose workers to multiple hazards at its Laona mill, federal inspectors found. Inspectors with the U.S. Department of Labor’s Occupational...

Posted: Mar 07, 2024

Texas Fire Chief Dies While Fighting House Fire in City Hit Hard by Wildfires

Insurance Journal

A Texas fire chief whose small town was among the hardest hit last week by historic blazes sweeping across the Panhandle died Tuesday while fighting a house fire, authorities said. The house fire that Fritch Fire Chief Zeb Smith, 40, …

Posted: Mar 07, 2024

P&C execs optimistic about earnings outlook: KBW

Reinsurance News

In Keefe, Bruyette & Woods, Inc, (KBW) recent analysis of the 2024 Association of Insurance and Financial Analysts (AIFA) conference, they found that management teams across virtually all Property & Casualty (P&C) sub-sectors are appro...

Posted: Mar 07, 2024