This edition of International People Moves details appointments at managing general agents Banyan Risk and CFC. A summary of these new hires follows here. MGA Banyan Risk Taps Ex-SiriusPoint CEO Malloy as Executive MD Banyan Risk Ltd., a specialty managing …
Sofidel America Corp., an international manufacturer of paper products with a plant in Inola, Oklahoma, will pay $80,000 and furnish other relief to settle a sex discrimination, sexual harassment and retaliation lawsuit brought by the U.S. Equal Employment Opportunity Commission …
Manufacturer Fined $80K Over Sex Discrimination Lawsuit at Oklahoma Plant Read More »
Novatae Risk Group, the wholesale insurance business of World Insurance Associates, announced that J. Clay Kadlic has joined the company as its new vice president of strategic partnerships. In this role, Kadlic will lead the development and execution of strategic …
Ki, the algorithmically powered Lloyd’s digital-follow platform, announced it has added capacity to its platform, allowing brokers to access larger line sizes across six Lloyd’s syndicates. Tokio Marine Kiln (TMK) will become Ki’s fifth capacity partner, utilizing Ki’s technology to …
Markets/Coverages: Digital Lloyd’s Syndicate Ki Expands Follow Capacity Read More »
The Pennsylvania Insurance Department (PID) is touting its success in growing the insurance agent workforce in the state. Over the last three years, the state has made entry for new insurance agents into the insurance industry faster, while also encouraging …
How Pennsylvania Added 33,000 Insurance Agents in 3 Years Read More »
Bridge Specialty Group has started a personal lines digital marketplace built on insurance technology provider Cogitate’s DigitalEdge platform. The digital platform is designed to streamline agent quoting, enhance underwriting efficiency, and support scalable expansion of carrier access. As one of …
Cogitate Powers Bridge Specialty Group’s New Personal Lines Digital Marketplace Read More »
Panama-flagged tanker Idemitsu Maru, carrying 2 million barrels of Saudi oil, crossed the Strait of Hormuz, LSEG shipping data showed on Tuesday, becoming the first Japan-linked crude tanker to do so since the Iran war began. Before the U.S.-Iran conflict …
Japan-Linked Tanker Carrying Saudi Oil Crosses Strait of Hormuz Read More »
North Carolina’s insurance commissioner has negotiated a 10% increase in average rates for dwelling insurance, for rental and non-owner-occupied properties, over the next two years. The North Carolina Rate Bureau, representing property insurers, last fall had filed for a 68% …
North Carolina Settles on 10% Dwelling Insurance Rate Increase Over 2 Years Read More »
Marsh Risk, a business of Marsh, announced the launch of Risk Companion, the next iteration of its digital solutions suite designed to help clients effectively and efficiently manage unique risks. Risk Companion is enabled by an AI-powered analytics engine that …
Marsh Risk Unveils AI-Powered Risk Companion Suite Read More »
NEWSWISE — The Hayward fault, part of the larger San Andreas fault system, runs 74 miles through the East Bay of the San Francisco Bay Area. The fault is overdue for an earthquake that could cause extensive damage to such …
Simulations Predict Ground Motion for Earthquakes on Bay Area’s Hayward Fault Read More »
