The commercial insurance industry is entering a period of stability and opportunity made possible by an abundance of capital and the power of artificial intelligence (AI), according to a new report from global broker Willis. This promising stage comes after …
With Capital Aplenty and Power of AI, Commercial Lines Promises Opportunity: Willis Read More »
Illinois sued the Trump administration over its plan to deploy National Guard troops to the Chicago area, setting off a fresh legal battle over the president’s authority to use soldiers to respond to protests over his immigration crackdown. The lawsuit …
Illinois Sues to Block National Guard Deployment to Chicago Area Read More »
More than a year after he was charged, a Georgia businessman known as “Dr. Taxes” has been indicted for posing as an insurance agent and swiping hundreds of thousands of dollars in workers’ compensation premiums. Emmanual Torres-Cruz, 35, was indicted …
Georgia Man Indicted a Year After Arrest for Posing as Insurance Agent Read More »
The massive power outage that hit the Iberian Peninsula in April is the first known blackout caused by excessive voltage, the European network of electricity transmission system operators said in a report on Friday [October 3] . Released ahead of …
Iberian Blackout Was First Known Caused by Excessive Voltage, Report Says Read More »
Intact Financial Corp. (IFC) announced the official rebranding of RSA and NIG to Intact Insurance across the UK, Ireland and Europe. This move marks a significant milestone in the company’s journey which is now united under a single brand, reflecting …
Intact Financial Corp. Rebrands Subsidiaries RSA and NIG as Intact Insurance Read More »
Global Indemnity Group LLC (GBLI) announced that its subsidiary, Penn-America Underwriters LLC, is launching its first reinsurance managing general agency (MGA), in partnership with veteran reinsurance executive George Dragonetti, who will also serve as president of the new unit. Penn-AmericaUnderwriters …
Global Indemnity’s Penn-America Underwriters Launches its First Reinsurance MGA Read More »
Hedge funds speculating on wildfire insurance claims in California were just dealt a legal blow, after the state adopted new legislation designed to stifle such bets. Under the law, approved last month by California Governor Gavin Newsom, alternative investment managers …
Hedge Funds Targeting Fire Insurance Hit a Wall in California Read More »
Chaucer Group, the global specialty re/insurance group, announced the launch of Vanguard, a comprehensive cyber risk management and insurance solution designed to protect organizations in the face of an evolving threat landscape. This new primary business policy focuses on complex …
Markets/Coverages: Chaucer Launches Cyber Risk Management and Insurance Solution Read More »
Russian warships have repeatedly sailed on collision courses, aimed weapons at Danish naval vessels and disrupted navigation systems in Denmark’s straits that connect the Baltic Sea to the North Sea, its defense intelligence service said on Friday. Such incidents risk …
Denmark Reports Repeated Russian Naval Provocations in its Straits Read More »
India’s government has begun early-stage talks with local insurers about designing a nationwide climate-linked insurance program aimed at simplifying the payout process after extreme weather events such as heatwaves and floods. The scheme would adopt a parametric insurance model, where …
India Considers Introducing Nationwide Climate-Linked Insurance Scheme Read More »
