Insurance Journal
This post is part of a series sponsored by AgentSync. AgentSync’s partially humorous take on industry prognostication It wouldn’t be December without a new crop of industry prophecies for the coming year, now would it? While we appreciate...
Posted: Jan 18, 2024
Kansas Insurance Commissioner Vicki Schmidt announced the Kansas Insurance Department recovered more than $16 million for Kansans in 2023, the largest single-year recovery in Department history. This new record goes beyond the previous year’s r...
Posted: Jan 17, 2024
Skyward Specialty Insurance Group, Inc., headquartered in Houston, Texas, made two new hires as it expands into the media liability market, focusing on multimedia, film and ad agencies. Regina Williams joins Skyward Specialty as vice president, media...
Posted: Jan 17, 2024
New York State is proposing guidance for insurance carriers to prevent unfair discrimination in their use of artificial intelligence and external data sources in underwriting and pricing. A circular letter from Superintendent of Financial Services Ad...
Posted: Jan 17, 2024
The Occupational Health and Safety Administration this week fined a Mississippi poultry processor $212,646 – an amount set by law – after a 16-year-old was pulled to his death inside a deboning machine last summer. Mar-Jac Poultry MS LLC in …
Posted: Jan 17, 2024
This edition of International People Moves details appointments at Aspen UK, Canopius Group and London-based broker Miller. A summary of these new hires follows here. Aspen UK Names Stanford as Interim CEO, Succeeding Milner Aspen Insurance Holdings...
Posted: Jan 17, 2024
The state of Michigan has agreed to pay $1.75 million to an innocent man who spent 35 years in prison after being wrongly convicted of sexual assault. Louis Wright was released in November after authorities said DNA tests ruled him …
Posted: Jan 17, 2024
Texas Mutual Insurance Company recently reported that a Travis County district court sentenced Ruth Castilleja of Baytown, Texas, on workers’ compensation fraud-related charges. Castilleja reported an on-the-job injury while working as a phlebo...
Posted: Jan 17, 2024
Inszone Insurance Services announced its recent acquisition of Jacque Pirtle Insurance, an insurance agency with nearly three decades of commitment to serving the Dallas/Fort Worth Metroplex. Founded in June 1994 by Jacque Pirtle, Arlington-based Jac...
Posted: Jan 17, 2024
Mark Zuckerberg can’t avoid being called for a deposition in Texas’s multibillion-dollar lawsuit alleging that Meta Platforms Inc. profits from facial recognition technology without user consent, a state appeals court ruled. Tuesday’...
Posted: Jan 17, 2024
Mark Zuckerberg can’t avoid being called for a deposition in Texas’s multibillion-dollar lawsuit alleging that Meta Platforms Inc. profits from facial recognition technology without user consent, a state appeals court ruled. Tuesday’...
Posted: Jan 17, 2024
A group of freelance writers and editors has sued the U.S. Department of Labor, claiming the Biden administration’s new rule making it more difficult for companies to treat some workers as independent contractors is illegal and should be struck...
Posted: Jan 17, 2024
Seasoned executives with SaaS and Insurance experience join leadership team DENVER, CO., Jan. 16, 2024 –– AgentSync today announced the hiring of Fabio Salim as President and Chief Operating Officer and Michael McCormick as Senior Vice President of T...
Posted: Jan 17, 2024
The Florida Senate’s Banking and Insurance Committee on Tuesday approved a bill that would make the state-backed Citizens Property Insurance Corp. more like an insurer of last resort, unrestricted by premium caps – at least for some expensive h...
Posted: Jan 17, 2024
New bi-partisan legislation meant to keep the regulation of insurance companies with state regulators was introduced in the Senate on Jan. 16. The Business of Insurance Regulatory Reform Act of 2024 from senators Tim Scott, R-S.C., and Joe Manchin, D...
Posted: Jan 17, 2024
Ransomware has been a hot topic in the cyber industry for several years, but cyber criminals are finding ways to keep it relevant. “Ransomware, I would say, is decreasing in [frequency] and going further into sophistication,” said Dr. Mag...
Posted: Jan 17, 2024
Swiss Re has purchased the cyber market’s first retrocession industry loss warranty (ILW), brokered by Gallagher Re and supported by a number of specialist reinsurers. Swiss Re secured $50 million of catastrophic US cyber insurance event protec...
Posted: Jan 17, 2024
Shell Plc’s appeal against a landmark ruling that ordered the oil and gas giant to cut its carbon emissions by 45% over the next decade will begin in April. The London-based oil and gas giant is seeking to reverse what …
Posted: Jan 17, 2024
The Iran-backed Hezbollah militant group in Lebanon and Russia-linked hackers have stepped up cyberattacks against Israel since the war with Hamas began, according to the chief technology officer of Israel-founded cybersecurity company Check Point So...
Posted: Jan 17, 2024
Some ship insurers are starting to avoid covering US and UK merchant ships against war risks when they navigate the southern Red Sea, another sign of blowback since the two nations’ airstrikes on Yemen last week. Houthi militants have stepped &...
Posted: Jan 17, 2024
Guy Carpenter appointed Keith Wolfe to the newly created role of chief commercial officer, North America, effective immediately. Wolfe joins Guy Carpenter after 27 years with Swiss Re and its predecessor companies, where he held several leadership po...
Posted: Jan 17, 2024
Guy Carpenter appointed Keith Wolfe to the newly created role of chief commercial officer, North America, effective immediately. Wolfe joins Guy Carpenter after 27 years with Swiss Re and its predecessor companies, where he held several leadership po...
Posted: Jan 17, 2024
Guy Carpenter appointed Keith Wolfe to the newly created role of chief commercial officer, North America, effective immediately. Wolfe joins Guy Carpenter after 27 years with Swiss Re and its predecessor companies, where he held several leadership po...
Posted: Jan 17, 2024
Cyber-related incidents such as ransomware attacks, data breaches and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer. Business interruption ranked second, while natural catastrophes ranked...
Posted: Jan 17, 2024
Foxquilt, a digital managing general agent specializing in embedded small business insurance technology, announced a strategic and long-term capacity relationship with global specialty insurance provider, Markel. Foxquilt said it utilizes a full-stac...
Posted: Jan 17, 2024