Newly created Swiss insurer Helvetia Baloise plans to cut up to 2,600 jobs in the coming years to boost profitability, a person familiar with the matter told Reuters on Tuesday. Switzerland’s largest multi-line insurer, with a combined market cap of …
Swiss Insurer Helvetia Baloise to Cut Up to 2,600 Jobs Following Merger Read More »
As the regulatory landscape around the delegated underwriting authority enterprise (DUAE) market evolves, global authorities have introduced stricter compliance measures, risk management expectations and governance frameworks. The increasing alignment with international regulatory standards highlights the trend toward enhanced oversight of …
Viewpoint: Mapping Evolving Regulatory Terrain for MGAs, MGUs and Other DUAEs Read More »
Insurance Journal’s Risky Future series will host the “AI Tools for Retail Agents” Demo Day, which offers free AI tool demonstrations designed exclusively for retail insurance agencies. The latest online event offers retail agents an opportunity to evaluate innovative and …
Register Now for IJ’s ‘AI Tools for Agents’ Demo Day on Dec. 10 Read More »
A new report from Verisk has found that property insurance claims volume during the third quarter 2025 was the lowest it has been in the past five years but claims severity during the period was one of the highest in …
One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk Read More »
Receiving adequate digital updates is one of the top drivers of customer satisfaction with the digital insurance claims process, but insurers deliver on this key performance indicator just 22% of the time. Customer satisfaction surges when the claims process is …
JD Power: Full Digital Claims Process Drives High Customer Satisfaction Read More »
South Florida faces a growing affordability problem as housing demand outstrips supply, according to Ana-Marie Codina, whose family firm develops master-planned communities in the region. “We definitely need more supply,” Codina said in an interview at a Bloomberg New Voices …
Miami’s Housing Supply Shortage Hits Affordability, Codina Says Read More »
About 5 a.m. on Sept. 29, 2024, an employee at the Bio-Lab chemical warehouse outside Atlanta heard a popping sound, a tell-tale sign that stored chemicals had come in contact with water and were reacting. Within 90 minutes, the huge …
Verlan Files Subro Suit Against Georgia Chemical Plant After $20M Payout on Fire Read More »
A contractor was fined $170,000 for workplace violations that resulted in a 3,000-pound excavator bucket falling on an employee in southwest Washington. The Rotschy Inc. construction company was hit with $170,000 in fines from the Washington State Department of Labor …
Excavator Bucket That Crushed Worker Leads to $170K Fine for Washington Contractor Read More »
A powerful, magnitude-7.0 earthquake struck in a remote area near the border between Alaska and the Canadian territory of Yukon on Saturday. There was no tsunami warning, and officials said there were no immediate reports of damage or injury. The …
Magnitude-7.0 Earthquake Hit Remote Area Along Alaska-Canada Border Read More »
Allianz SE and Oaktree Capital Management agreed to set up a reinsurance syndicate on the Lloyd’s of London market, the latest example of a private capital firm pushing into the non-life sector. The vehicle, named “Syndicate 1890,” will begin underwriting …
Allianz, Oaktree Set Up Reinsurance Syndicate on Lloyd’s Market Read More »
