Insurance Journal
A former patrol officer with the Metropolitan Police Department (MPD) was recently sentenced in U.S. District Court to 20 months in prison for his role in a bribery scheme in which he unlawfully provided non-public police information in exchange for...
Posted: Sep 05, 2024
A former patrol officer with the Metropolitan Police Department (MPD) was recently sentenced in U.S. District Court to 20 months in prison for his role in a bribery scheme in which he unlawfully provided non-public police information in exchange for...
Posted: Sep 05, 2024
A woman was intoxicated and using a partially automated driving system when she caused a March highway crash in Philadelphia that killed two people, authorities said as they announced homicide charges against the driver. State and federal investigato...
Posted: Sep 05, 2024
This post is part of a series sponsored by Selectsys. In the fast-paced world of insurance, efficiency and accuracy are paramount. Insurance carriers, MGAs, and wholesalers are increasingly turning to Business Process Outsourcing (BPO) to streamline...
Posted: Sep 04, 2024
This post is part of a series sponsored by Selectsys. In the fast-paced insurance industry, efficiency and accuracy are paramount. Real-time rating and quoting have emerged as game changers for underwriters, enabling them to provide quick and precise...
Posted: Sep 04, 2024
BOCA CHICA — It wasn’t just a day at the beach. But it never is on this small strip of sand near the Texas-Mexico border, not since SpaceX began launching rockets here. On this particular Saturday in August, about a …
Posted: Sep 04, 2024
AM Best has downgraded the Financial Strength Rating to A-(Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” (Excellent) from “a” (Excellent) of IMT Insurance Company and its affiliate, Wadena Insur...
Posted: Sep 04, 2024
The first two weeks of September are expected to be quiet for Atlantic hurricane activity, according to experts at Colorado State University. The CSU Tropical Meteorology Project, which has been forecasting the Atlantic hurricane season for more than...
Posted: Sep 04, 2024
Florida authorities have charged a Miami-area nurse practitioner and two others with creating false medical reports and attempting to defraud an auto insurance carrier out of more than $47,000. Local news reports said that investigators with the stat...
Posted: Sep 04, 2024
ST. LOUIS PARK, Minn. (AP) — A man drove his car through a restaurant patio where a group of medical workers were celebrating in a Minneapolis suburb on Sunday, killing two people and injuring at least four, police and hospital …
Posted: Sep 04, 2024
RAGLEY, La. (AP) — Investigators are trying to determine the cause of an explosion that destroyed a southwest Louisiana home, killing a teenage boy from Alabama and injuring five other people. Louisiana State Fire Marshal Bryan J. Adams said the R...
Posted: Sep 04, 2024
Kansas Insurance Commissioner Vicki Schmidt announced an Arkansas City woman has been sentenced to 18 months of probation for insurance fraud. Misty Jane Dial, age 33, pleaded guilty in the District Court of Cowley-Arkansas City on July 9 to one R...
Posted: Sep 04, 2024
CRC Group, a wholesale specialty insurance distributor with headquarters in Birmingham, Alabama, has added new faces to its team in the Southeast. Sam Rector joined the Nashville office as underwriting team leader. He has spent almost 10 years in the...
Posted: Sep 04, 2024
Ryan Specialty said it completed its acquisition of certain assets of Greenhill Underwriting Insurance Services from Alera Group, Inc, effective Sept. 1. The deal was previously announced last month. Alera acquired Greenhill in 2022. Houston-based Gr...
Posted: Sep 04, 2024
Top reinsurers are showing increasing – but disciplined – appetite for natural catastrophe risks as a result of rising demand, improved pricing, more favorable terms and conditions, and improving investment income, according to a report published by...
Posted: Sep 04, 2024
Trust impacts customer satisfaction, loyalty and brand advocacy more than any other factors when small businesses choose a commercial insurance provider. J.D. Power’s 2024 U.S. Small Commercial Insurance Study found that among small businesses...
Posted: Sep 04, 2024
In an unassuming white and blue office building in Freeport, a few miles into Nassau County, sits the headquarters of American Transit Insurance Co. The 52-year-old, family-owned firm is hardly a household name, but it’s vital to how New Yorker...
Posted: Sep 04, 2024
This edition of International People Moves details appointments at Acrisure Re and Dale Underwriting Partners. A summary of these new hires follows here. Acrisure Re Announces Leadership Changes in International Reinsurance Unit Acrisure Re, the re/i...
Posted: Sep 04, 2024
Norway’s government will ask an appeals court on Wednesday to lift injunctions against developing three oil and gas fields, part of a wider effort by Oslo to overturn an earlier verdict invalidating their permits on environmental grounds. A low...
Posted: Sep 04, 2024
Introducing the Only Comprehensive Platform for Agency Accounting Operations San Francisco, CA – September 4, 2024 – Ascend, the leading provider of accounting automation software to the insurance industry, is proud to announce the launch...
Posted: Sep 04, 2024
Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Capulus, a specialist motor fleet managing general agent (MGA). Financial details of the deal were not disclosed. Based in Wales, Capulus’ team o...
Posted: Sep 04, 2024
The Clear Group, the London-based independent insurance broker, announced the acquisition of the managing general agency, Accelerate Underwriting. Financial terms of the deal, which is its fourth involving an MGA, were not disclosed. Established in 2...
Posted: Sep 04, 2024
The Clear Group, the London-based independent insurance broker, announced the acquisition of the managing general agency, Accelerate Underwriting. Financial terms of the deal, which is its fourth involving an MGA, were not disclosed. Established in 2...
Posted: Sep 04, 2024
Resilience, headquartered in New York, named Rebecca Jones as senior vice president of engineering and Jeremy Gittler as global head of claims. Jones takes over leadership responsibilities for the company’s engineering team and software deliver...
Posted: Sep 04, 2024
As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive insurance, where companies create their own coverage...
Posted: Sep 04, 2024