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The U.S. currently experiences the worst losses, about $97 billion annually, due to its disproportionate share of insured assets.
Posted: Mar 04, 2024
InsurTech Coverdash Announces $13.5M Series A Funding Coverdash...
Posted: Mar 04, 2024
Strategic Guide to Unlocking 'Gen Zalpha' Leadership ClareCarroll1 Mon, 03/04/2024 - 17:00...
Posted: Mar 04, 2024
Tesla Insurance ended 2023 with $497 million in written premiums.
Posted: Mar 04, 2024
The company reported statutory operating earnings of $2.8 billion.
Posted: Mar 04, 2024
AI Bias in Life & Annuities Insurance AI & Machine Learning ClareCarroll1 Mon, 03...
Posted: Mar 04, 2024
Unveiling the hidden costs of legal system abuses, this survey highlights the need for transparency and reform in civil litigation financing. The post
Posted: Mar 04, 2024
Study: Wildfires Increase Mental Health Burden A new study of prescript...
Posted: Mar 04, 2024
Despite record growth in 2023, U.S. middle market companies remain cautious, grappling with inflation, cybersecurity threats, and insurance coverage gaps, reveals a Chubb and NCMM report. The post
Posted: Mar 04, 2024
Insurance Business Magazine - US
Posted: Mar 04, 2024
The New York-based startup gives people the option to sell their home and keep living in it as renters.
Posted: Mar 04, 2024
Low-cost air carriers JetBlue Airways and Spirit Airlines canceled their $3.8-billion merger agreement on Monday, seeing no path forward after a U.S. judge blocked the deal in January on anti-competition concerns. A successful deal would have created...
Posted: Mar 04, 2024
This edition of International People Moves details appointments at Aon’s Reinsurance Solutions Bermuda unit and Acrisure Re in London. A summary of these new hires follows here. Aon Promotes Romeo to CEO of Bermuda Reinsurance Operations Insura...
Posted: Mar 04, 2024
Exploring the rise in cumulative trauma claims, a recent CWCI study reveals the impact of tenure, industry sector, and wage scale on California's workers' compensation system The post
Posted: Mar 04, 2024
Aviva plc announced it will acquire 100% of Probitas Holdings (Bermuda) Ltd., the parent company of the Probitas Group, for a minimum fixed consideration of £242 million (US$306.2 million). The transaction includes Probitas Managing Agency, which is...
Posted: Mar 04, 2024
The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale. Trusted Choice, the national consumer brand representing the members of the Independent Insurance Age...
Posted: Mar 04, 2024
N.J. City’s Limited Street Parking Leads to Zero Traffic Deaths in 7 Years Street parking was already...
Posted: Mar 04, 2024
Lawsuit Alleges Xcel Energy Utility Equipment Started Damaging Texas Wildfire A Texas homeowner whose...
Posted: Mar 04, 2024
African Risk Capacity Limited (ARC Ltd.), the parametric insurer and financial affiliate of the ARC Group, has paid out over $170 million in claims to support vulnerable communities since its inception. Founded in 2014, ARC Ltd. celebrates its 10t...
Posted: Mar 04, 2024
CANTON TOWNSHIP, Mich. (AP) — A driver who crashed her sport-utility vehicle into a Walmart store in suburban Detroit was likely having a health incident at the time, authorities said Saturday. The woman and four other people who were taken …
Posted: Mar 04, 2024
The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar cargo ship as underwriters had already factored in the casualty after it was first hit by a missile last month, …
Posted: Mar 04, 2024
Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential risk exposures. “The c...
Posted: Mar 04, 2024
Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential risk exposures. “The c...
Posted: Mar 04, 2024
Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced that it has completed its previously announced acquisitions of two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies. Terms of the transactions...
Posted: Mar 04, 2024
DETROIT (AP) — The family of a 70-year-old man who died after a Detroit police officer punched him in the face, causing him to fall to the ground, is suing the former officer and the city of Detroit, seeking $50 …
Posted: Mar 04, 2024
Aon, a global professional services firm, has named Roman Romeo as Chief Executive Officer (CEO) of its Reinsurance Solutions Bermuda unit, effective April 1, 2024. The company has also confirmed that Tony Fox, CEO and Chairman of Reinsurance Solu...
Posted: Mar 04, 2024
Having already burned more than a million acres, the record-breaking Texas Smokehouse Creek fire is set for further expansion, with officials noting more than 500 structures have been destroyed. Hot and windy conditions have facilitated and accele...
Posted: Mar 04, 2024
A global risk advisory firm has beefed up its actuarial muscle with the acquisition of Madison Consulting Group, based in Madison, Georgia, and Newtown Square, Pennsylvania. FTI Consulting, which recently released its own annual report on mergers and...
Posted: Mar 04, 2024
Provider of re/insurance solutions, AXIS Capital Holdings Limited, has announced the Energy Resilience Syndicate 2050 has now received full approval from Lloyd’s and will begin underwriting from April 1, 2024. Created to provide capacity for new e...
Posted: Mar 04, 2024
Georgia’s largest county is still repairing damage inflicted on its government a month ago by hackers who shut down office phone lines, left clerks unable to issue vehicle registrations or marriage licenses and threatened to publicly release se...
Posted: Mar 04, 2024
Speaker JD Keister outlines the liability traps set by time-limit demands, and what attorneys and claims professionals can do to minimize their exposure. The post
Posted: Mar 04, 2024
Hawaii officials plan to send debris and ash from the August wildfire that destroyed Lahaina town to Maui’s central landfill. Maui County officials said Wednesday that they picked the permanent disposal site in Kahului over two others that are...
Posted: Mar 04, 2024
When Limba Contreras moved to the desert community of Oasis, California, about 50 years ago, her family relied on a water cooler to keep temperatures inside their home comfortable. Other times, they sprayed each other with a hose outside. But …
Posted: Mar 04, 2024
When Limba Contreras moved to the desert community of Oasis, California, about 50 years ago, her family relied on a water cooler to keep temperatures inside their home comfortable. Other times, they sprayed each other with a hose outside. But …
Posted: Mar 04, 2024
MONTGOMERY, Ala. (AP) — Groups representing Alabama doctors and hospitals urged the state Supreme Court on Friday to revisit a decision equating frozen embryos to children, saying the ruling is blocking fertility treatments and harming the medical co...
Posted: Mar 04, 2024
Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2024, continuing a trend that has now last more than 6 years. According to The Council of Insurance Agents and Brokers’...
Posted: Mar 04, 2024