Wed, 20 Jan 2021 11:00:41 +0000
Advancements in artificial intelligence are in many ways a double-edged sword for the cyber insurance industry. Increasingly diverse and sophisticated cyber attacks have dramatically increased the demand for cyber coverage, offering a lucrative opportu...
Wed, 20 Jan 2021 10:42:46 +0000
HSBC Holdings Plc and Malayan Banking Bhd.’s insurance venture are among shortlisted bidders for AXA SA’s business in Singapore, which could raise about $700 million in a sale, according to people familiar with the matter. The British bank and Etiqa, …
Wed, 20 Jan 2021 08:16:29 +0000
The Kentucky Supreme Court ruled last month that an online poker company must pay more than $1 billion to the state for illegal gambling losses in a court battle that began a decade ago. The ruling from the state’s high …
Wed, 20 Jan 2021 08:09:38 +0000
Atlanta-based INSUREtrust has announced multiple additions and promotions to its Atlanta team. The company, which was just acquired by Constellation Affiliated Partners, has added Beck Heigl as an account manager. Before INSUREtrust, Heigl was an estim...
Wed, 20 Jan 2021 08:05:11 +0000
The Tennessee Department of Commerce & Insurance (TDCI) has located and returned more than $22.8 million to Tennesseans in combinedlife insurance benefits/annuities and monies through its mediation efforts in 2020. TDCI’s figures show: $10,164,747 was ...
Wed, 20 Jan 2021 06:43:07 +0000
Cincinnati, Ohio-based Great American Insurance Group has promoted Kenneth (Ken) R. Bearley to divisional president within its Property/Casualty Group’s Bond Division. Bearley joined Great American in 1994 as an underwriter in the Bond Division’s Pitts...
Wed, 20 Jan 2021 06:00:49 +0000
Brown & Riding has named Harold Nam chief financial officer. Nam joined Brown & Riding in 2008 as a staff accountant. Since joining the firm, he has ascended to positions of increased responsibility. Brown & Riding is a wholesale insurance …
Wed, 20 Jan 2021 06:00:40 +0000
The U.S. auto safety regulator said on Tuesday it would require Ford Motor Co. to recall 3 million vehicles with potentially defective Takata air bags, rejecting a bid by the second-largest U.S. automaker to avoid calling them back. The National …
Wed, 20 Jan 2021 06:00:14 +0000
The U.S. Supreme Court on Tuesday grappled with a dispute that one justice called a “close call” over a lawsuit filed by the city of Baltimore against energy companies seeking monetary damages due to the impact of global climate change. …
Wed, 20 Jan 2021 06:00:08 +0000
AM Best announced that it would not change the “A-” financial strength ratings of the members of Dallas-based specialty insurer Hallmark Insurance Group nor the “bbb-” long-term issue credit rating of Hallmark Financial Services, after Hallmark Financi...
Wed, 20 Jan 2021 00:24:47 +0000
A federal judge has awarded more than $1 million in damages to another veteran who says he was sexually abused by a former physician assistant at a Veterans Administration hospital in Kansas. It’s the third time since November that U.S. …
Tue, 19 Jan 2021 23:08:02 +0000
Arthur J. Gallagher & Co. has acquired San Diego, Calif.-based Atlas General Holdings LLC, dba Atlas General Insurance Services. Mike Mathews, Charles Lasher and their associates will remain in their current location under the direction of Joel Cavanes...
Tue, 19 Jan 2021 20:13:50 +0000
AM Best announced that its would not change the “A-” financial strength ratings of the members of Dallas-based Hallmark Insurance Group nor the “bbb-” long-term issue credit rating of Hallmark Financial Services, after Hallmark Financial announced the ...
Tue, 19 Jan 2021 17:56:23 +0000
North Carolina Insurance Commissioner Mike Causey took the oath of office for his second term as North Carolina’s Insurance Commissioner last week. Causey was sworn in Jan. 9 by North Carolina Chief Justice Paul Newby in a socially distanced ceremony …
Tue, 19 Jan 2021 17:50:32 +0000
The U.S. Supreme Court has rejected an appeal from the University of North Carolina at Chapel Hill of a lower court decision requiring it to release disciplinary records of students who violated the school’s sexual assault policies. The court issued …
Tue, 19 Jan 2021 17:40:27 +0000
Wholesale insurance broker and underwriting manager, Burns & Wilcox, has promoted Bonnie Steen and Cain Webber in management roles in its New Orleans office. Steen has been promoted to managing director from vice president, associate managing director;...
Tue, 19 Jan 2021 17:31:38 +0000
The Texas Division of Workers’ Compensation (DWC) has extended until June 2021 its mandatory data call for information related to COVID-19 injuries reported to selected insurance carriers on or after Dec. 1, 2019. The data call was originally issued on …
Tue, 19 Jan 2021 17:24:34 +0000
McKinney, Texas-based BevCap Management LLC (BevCap), a program manager for both casualty and medical stop loss captive insurance companies in multiple domiciles, has appointed John Kirke as president of BevCap’s Healthcare Division. Kirke joins BevCap...
Tue, 19 Jan 2021 17:21:26 +0000
Independent brokerage firm, Holmes Murphy, in Waukee, Iowa, has added Roger Cornett and Jeff Spencer to its board of managers, and Jay Reavis to its executive committee. Each of these leaders brings years of experience, as well as energy and …
Tue, 19 Jan 2021 17:17:24 +0000
A weather system packing hurricane-force wind gusts has caused extensive damage and power outages in western and central North Dakota. The National Weather Service reported wind gusts of 77 mph at Garrison, 81 mph in Hettinger County and 93 mph …
Tue, 19 Jan 2021 17:15:24 +0000
Dozens of La Crosse, Wis.-area wells are contaminated with forever chemicals known as PFAS, tests revealed. At least 40 wells that provide private drinking water on French Island are contaminated with PFAS levels above recommended standards, the La Cro...
Tue, 19 Jan 2021 17:12:36 +0000
Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced the close of a $3.25 million seed round last week. Freestyle.VC led the funding round, with participation from …
Tue, 19 Jan 2021 16:39:21 +0000
Hamilton Insurance Group Ltd. announced the appointment of Elaine Scully as senior vice president, head of Casualty Insurance in its Bermuda company, Hamilton Re Ltd. Scully will report to Tim Duffin, chief underwriting officer, Hamilton Re. She will b...
Tue, 19 Jan 2021 16:08:33 +0000
The surge of U.S. business formations in the back half of 2020 has been one of the pandemic’s many surprises. After cratering by 30% in the weeks following the March lockdowns, paperwork filed by prospective businesses started growing in June …
Tue, 19 Jan 2021 15:56:00 +0000
USI Insurance Services has acquired Colorado Springs, Colo.-based CB Insurance LLC. Terms of the deal were not disclosed. CB Insurance and its predecessors have served the needs of the Colorado community for more 100 years, specializing in commercial a...
Tue, 19 Jan 2021 15:26:51 +0000
Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity, and was a past CEO of Insurance …
Tue, 19 Jan 2021 15:07:17 +0000
By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or more and in some cases doubling them, even without any increase in the concentration of property exposure along the coast, …
Tue, 19 Jan 2021 14:47:36 +0000
Winooski Insurance of Williston, Vermont, a commercial insurance agency of nearly 40 years, is growing its leadership team with the addition of Ryan Heaslip. Heaslip joins the team as the director of Commercial Lines – Sales. He is an insurance …
Tue, 19 Jan 2021 14:45:17 +0000
Cross Insurance, a subsidiary of Cross Financial Corp., based in Bangor, Maine, and an independent insurance provider in New England, has partnered with Daigle & Travers Insurance of Fairfield County, Conn. The Daigle & Travers team of insurance expert...
Tue, 19 Jan 2021 14:35:55 +0000
The New York City Police Department enacted new disciplinary rules on Friday that call for terminating police officers found to use racial profiling or “excessive deadly force.” The so-called “disciplinary matrix,” as Mayor Bill de Blasio called it, al...