Insurance Journal
Carriers are on the hunt for quality agencies to make new appointments, according to a new report, which also found that the top way they’re finding them is at industry tradeshows and events. While face-to-face connectivity still works to corra...
Posted: Dec 12, 2024
All it takes is one hacker and a batch of faulty solar panels to threaten the safety of Europe’s electric grid. Vangelis Stykas, a cybersecurity consultant, said he figured out how to do it. Using a laptop and smartphone at …
Posted: Dec 12, 2024
BMS Group, the London-based specialist insurance and reinsurance broker, announced that it has entered into an agreement to acquire the leading insurance broker Rasher, subject to regulatory approvals. The Rasher business is based in Spain, with Lati...
Posted: Dec 12, 2024
Pioneering Innovation, Culture, and Leadership for the Future Tampa, FL, December 12, 2024 — American Integrity Insurance Group, a leading Southeast property insurer, is proud to announce the promotion of Jon Ritchie to President. With a proven...
Posted: Dec 12, 2024
A family office backed by members of the Hermes fortune are among the likely buyers of French insurer Albingia, in an investment that signals a goal to diversify their wealth away from luxury. Krefeld Invest, the family office of heirs …
Posted: Dec 12, 2024
Specialty carrier Relm Insurance said it has launched a managing general agent licensed in all 50 states. Relm also said Keith Lavigne has joined as head of underwriting – US. He will report to Relm CEO and founder Joseph Ziolowski. …
Posted: Dec 12, 2024
Guy Carpenter said it is starting a research project to explore the use of parametric insurance solutions in California and Florida for wildfire and hurricane risks. The effort will focus on the use of a “community-based parametric reciprocal e...
Posted: Dec 12, 2024
Looking ahead, high-net-worth individuals will need to look to alternative risk-transfer solutions and take part in risk mitigation to get insurance coverage, according to brokerage Hub International. A recent HUB survey of HNW individuals and adviso...
Posted: Dec 12, 2024
After serving as president of Lockton’s Southeast region for 20 years, Neil Metzheiser has been named CEO of the region, based in Atlanta. Metzheiser became president of Lockton Southeast in 2004 and was a producer. Before that, he worked with...
Posted: Dec 12, 2024
A federal judge blocked Kroger Co.’s $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for US grocery shoppers, in a ruling that marks a likely death knell for the deal. In a decision filed Tuesday, US...
Posted: Dec 12, 2024
Florida lawmakers established the Birth-Related Neurological Injury fund in 1988 to provide a no-fault remedy for parents of children with certain injuries incurred at birth, with an aim toward reducing the soaring cost of medical malpractice claims....
Posted: Dec 12, 2024
Cascading failures involving a corroded steam pipe and a defective natural gas fitting caused a powerful explosion in 2023 at a Pennsylvania chocolate factory, killing seven workers when the company failed to evacuate, a federal safety board said Tue...
Posted: Dec 12, 2024
U.S. property/casualty insurers are positioned favorably heading into 2025, Fitch Ratings forecasted in its annual outlook report. Citing “a strong personal lines turnaround” and “resiliency following an above average hurricane seas...
Posted: Dec 12, 2024
This post is part of a series sponsored by Darkhorse Insurance. When you start an insurance agency, it’s an exciting venture! But, it requires careful planning and strategy. Putting together a detailed insurance agency business plan is key to e...
Posted: Dec 12, 2024
Inszone Insurance Services announced the acquisition of Southerland and Associates, Inc., an agency based in Austin, Texas. The strengthens Inszone’s footprint in Texas, enhancing the company’s ability to provide personalized service and...
Posted: Dec 11, 2024
Firefighters made some gains containing a raging wildfire that threatens Malibu, California, even as the burn area doubled in size in a day and high-wind warnings are forecast to persist through much of Wednesday. The Franklin Fire, which has burned...
Posted: Dec 11, 2024
Farmers Insurance said on Wednesday it will resume offering coverage for multiple lines of insurance in California to new customers. The lines include condominium, renters, umbrella, landlord, vacant and manufactured home. Many of the reopened covera...
Posted: Dec 11, 2024
Uber Technologies Inc. is asking New York City’s taxi regulator to reconsider proposed changes to commercial auto insurance requirements, saying they may unintentionally leave thousands of drivers in one of the company’s largest markets u...
Posted: Dec 11, 2024
The Michigan Department of Insurance and Financial Services (DIFS) is urging residents to review their auto, home, and renters’ insurance policies to ensure they fully understand their coverage and have a plan to pay policy deductibles in the e...
Posted: Dec 11, 2024
INDIANAPOLIS (AP) — Four women who accused Curtis Hill of drunkenly groping them at a bar when he was Indiana’s attorney general dropped their civil lawsuit against him hours before jury selection was set to begin on Monday. The women …
Posted: Dec 11, 2024
Datamaran, a provider of sustainability-related software, announced a collaboration with Deloitte in three European markets to provide companies with ways to better assess their environmental and social impacts and risks. In the agreement, Deloitte w...
Posted: Dec 11, 2024
Inszone Insurance Services announced the acquisition Commercial Insurance of Texas Agency Services, a specialized agency based in Texas. This strategic acquisition strengthens Inszone’s presence in Texas and significantly expands its expertise...
Posted: Dec 11, 2024
WASHINGTON (AP) — The deadly crash of two vintage military planes at a 2022 air show in Texas was caused by a lack of proper planning to keep aircraft separated and relying instead on a “see-and-avoid strategy” by pilots, federal …
Posted: Dec 11, 2024
The U.S. Supreme Court sidestepped on Wednesday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing artificial intelligence chipmaker Nvidia of misleading investors about how much of its sales depended on t...
Posted: Dec 11, 2024
Florida’s orange production for the current season is forecast at 12 million boxes, the lowest since 1930, after a hurricane this fall accelerated an unrelenting industry downturn. That’s down three million boxes from an October forecast,...
Posted: Dec 11, 2024