Insurance Journal
Trium Cyber, a Lloyd’s cyber specialist, announced that the US-based company has opened a London office to write coverage for clients based outside of the US. “Our advanced technical underwriting, outstanding claims management and Lloyd&#...
Posted: Sep 22, 2023
The hard reinsurance market in property-catastrophe reinsurance isn’t coming to an end at Jan. 1, 2024, but reinsurers are likely to deploy more of their capacity next year, broker executives said recently. Dorothée Mélis-Moutafis, North Americ...
Posted: Sep 22, 2023
Europe’s top copper producer Aurubis AG said a massive scam involving shipments of scrap metal cost it €185 million. Aurubis said last month that it had discovered a significant metal shortfall, adding that it believed some of its suppliers had...
Posted: Sep 22, 2023
Malaysia’s RHB Bank Bhd. is asking financial advisers for proposals for its partnership to sell insurance in its branches, as its deal with an arm of Japan’s Tokio Marine Holdings Inc. is set to expire at the end of next …
Posted: Sep 22, 2023
The cost to defend complaints against pharmacists to their State Board has increased more than 100% in the last decade, according to a newly released claim report published by Healthcare Providers Service Organization (HPSO), a division of Aon Affini...
Posted: Sep 22, 2023
Arthur J. Gallagher & Co. acquired Corona, California-based Ace Commercial Insurance Center. Jackie Hoang, Anhdy Nguyen and their team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwe...
Posted: Sep 22, 2023
The family of a man shot and killed by police in New Mexico after they responded to the wrong address is suing the city and three officers. The lawsuit filed in U.S. District Court alleges Robert Dotson and his family …
Posted: Sep 22, 2023
(Bloomberg) — Airports around the world are relocating sensitive electrical equipment to rooftops to protect it from flooding, reinforcing runways to handle extreme temperature swings and revving up air conditioning as climate change complicate...
Posted: Sep 21, 2023
A Texas manufactured homes company was sued for subjecting an employee to a hostile work environment after learning learning of his multiracial family, according to a lawsuit filed by the U.S. Equal Employment Opportunity Commission. Cavco Industries...
Posted: Sep 21, 2023
The Hilb Group announced that it has acquired an Illinois-based property and casualty business, building on the company’s growing presence in the Midwest region and broadening its offerings to include specialized services for fast food franchis...
Posted: Sep 21, 2023
Grange Names Murphy Chief Legal Officer as Coleman Retires After Nearly 34 Years Grange Insurance Company, headquartered in Columbus, Ohio, named Beth Murphy as chief legal officer, effective January 1, 2024, as LaVawn Coleman retires at the end of t...
Posted: Sep 21, 2023
One of the themes at this year’s reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client interest and have again started to put clients at the center of conversations, according to Dirk Spenner, mana...
Posted: Sep 21, 2023
Risk Strategies, announced that it has acquired human resources and employee benefits specialist orchestrateHR Inc. and its affiliate, Ebenconcepts Company . and its affiliate, (doing business as eBen Benefits). Also included in the transaction were...
Posted: Sep 21, 2023
Chicago is suing Bayer AG’s Monsanto and Univar Solutions Inc. for polluting the city’s water, air and soil with chemicals the companies knew were harmful to humans. The complaint, filed in Cook County Circuit Court, seeks financial compe...
Posted: Sep 21, 2023
Allstate reported about $641 million in August catastrophe losses from 18 events, with about half coming from the Maui wildfire. The losses for the month of August were $551 million or $435 million, after-tax, partially offset by favorable reserve re...
Posted: Sep 21, 2023
Insurtech homeowners insurer Openly said has raised $100 million in Series D funding, led by Eden Global Partners. There was additional participation in the round from a mix of current and new investors including Gradient Ventures, Clocktower Technol...
Posted: Sep 21, 2023
California lawmakers, union leaders and truck drivers are trying to steer Democratic Gov. Gavin Newsom toward signing into law a proposal that could save jobs as self-driving trucks are tested for their safety on the roads. The legislation would ban...
Posted: Sep 21, 2023
Global specialty P/C insurer AmTrust Financial Services introduced a new admitted lawyers professional liability policy from AmTrust PRO for mid-sized law firms. “In today’s competitive and complex legal environment, even a small error or...
Posted: Sep 21, 2023
The death of a 19-year-old Florida worker could have been prevented if a concrete pipe maker had ensured that employees followed proper safety procedures, the U.S. Occupational Safety and Health Administration said. OSHA cited Foley Products Co., bas...
Posted: Sep 21, 2023
MGM Resorts said on Wednesday its hotels and casinos were back to normal operations but it was working to resolve issues at its luxury Excalibur hotel and casino in Las Vegas, over a week after a cyberattack disrupted its systems. …
Posted: Sep 21, 2023
The maritime industry is exploring whether nuclear fuel can be used to power commercial ships as advancements in technology open up such options, industry officials said. Nevertheless, any possible nuclear fuel solutions for ships are at least 10 yea...
Posted: Sep 21, 2023
Conduit Re, the Bermuda-based global reinsurer, is achieving end-to-end underwriting with pricing decision intelligence (PDI) company hyperexponential. Using the PDI platform, hx Renew, Conduit Re is now able to rapidly develop and iterate its pricin...
Posted: Sep 21, 2023
Conduit Re, the Bermuda-based global reinsurer, is achieving end-to-end underwriting with pricing decision intelligence (PDI) company hyperexponential. Using the PDI platform, hx Renew, Conduit Re is now able to rapidly develop and iterate its pricin...
Posted: Sep 21, 2023
The low-pressure weather system that unleashed unprecedented amounts of rain across the eastern Mediterranean last week was made more likely and more intense by climate change. Global warming caused by human emissions of greenhouse gases made the hea...
Posted: Sep 21, 2023
Jet engine maker CFM International said on Wednesday thousands of engine components may have been sold with forged paperwork by a British distributor, as the fallout from a probe into falsely certified parts reached London’s High Court. Matthew...
Posted: Sep 21, 2023