Insurance Journal

DECEMBER 2, 2024

Private equity’s advance into the insurance sector exacerbates the risk of “fire sales” that disrupt the functioning of financial markets, the Bank of England warned. A growing number of PE firms in the US have acquired life insurers, while British …

Insurance 114

Insurance 114

Insurance Journal

DECEMBER 3, 2024

Zurich Insurance Group said Tuesday its acquisition of American International Group’s global personal travel insurance business is complete. Zurich said the acquisition of AIG’s personal travel insurance and assistance business, including Travel Guard, for $600 million makes it one of …

Insurance 109

Insurance 109

Insurance Journal

DECEMBER 4, 2024

the Jacksonville, Florida-based specialty insurer and subsidiary of Tiptree Inc., announced it has received regulatory approval to launch a UK subsidiary, called Fortegra Insurance Company UK. The Fortegra Group Inc., The Prudential Regulation Authority (PRA) granted Fortegra UK the license, …

Insurance 101

Insurance 101

Insurance Journal

DECEMBER 2, 2024

personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, along with solid levels of risk-adjusted capitalization among carriers. AM Best has revised its outlook to stable from negative for the U.S.

Insurance 119

Insurance 119

Insurance Journal

NOVEMBER 26, 2024

Tennessee has seen a 25% jump in the number of insurance producer licenses in the past five years, an increase that regulators have attributed to a population boom in the state and easy access to producer exams. The state now …

Insurance 115

Insurance 115

Insurance Journal

NOVEMBER 15, 2024

Oklahoma Insurance Commissioner Glen Mulready issued a bulletin providing insurers with regulatory guidance on the use of artificial intelligence. The bulletin, which was adopted by the National Association of Insurance Commissioners (NAIC), outlines expectations on the ethical use of AI.

Insurance 115

Insurance 115

Insurance Journal

DECEMBER 1, 2024

The president of Energy Insurance Agency, an operation with a large presence in Kentucky, said it is “incredibly humbling” for the agency to again be named one of Insurance Journal’s Best Agencies to Work For in the Southeast. “This recognition …

Insurance 105

Insurance 105

Insurance Journal

NOVEMBER 27, 2024

Leavitt Inland Pacific is merging with Troy Insurance Agency in Idaho. Both agencies are locally owned and affiliates of Leavitt Group, a network of insurance brokers. This strategic partnership enables Leavitt Inland Pacific to offer service team support and use …

Insurance 105

Insurance 105

Insurance Journal

DECEMBER 2, 2024

The people at Brightway Insurance, based in Ponte Vedra Beach, Florida, near Jacksonville, seem to have taken employee satisfaction and performance to a whole new level. Each employee is asked to make sure, before they leave the office each day, …

Insurance 111

Insurance 111

Insurance Journal

DECEMBER 9, 2024

A North Carolina elementary school principal and a Cape Hatteras man were arrested last week and charged with insurance fraud after authorities said they attempted to make false claims to their insurance companies. Robert Grayson Dail, 35, of Gibsonville, principal …

Insurance 101

Insurance 101

Insurance Journal

NOVEMBER 27, 2024

Insurance broker Aon plc announced it has signed a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG), enhancing Aon’s risk and health capability offering in Japan. Financial details of the deal were not disclosed.

Insurance 116

Insurance 116

Insurance Journal

NOVEMBER 25, 2024

The Missouri Department of Commerce and Insurance is cautioning drivers to be on the lookout for deer and other wild animals as temperatures drop and nights become longer. “Dawn and dusk are the most susceptible times to experience deer collisions,” …

Insurance 111

Insurance 111

Insurance Journal

DECEMBER 17, 2024

acquired the assets of Jackson Hole Insurance LLC in Wyoming. Jackson Hole Insurance will be referred to as Jackson Hole Insurance, a Hub International … Hub International Ltd. Evan Molyneaux, president, and Geoff Whitaker, senior sales executive, will join Hub Mountain.

Insurance 95

Insurance 95

Insurance Journal

DECEMBER 10, 2024

Top insurance companies suffered $10.6 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our Future. Of the 28 insurers reviewed, more than … billion of climate-attributed losses this year, just shy of the $11.3

Insurance 98

Insurance 98

Insurance Journal

OCTOBER 28, 2024

A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy. The Fourth Circuit …

Insurance 124

Insurance 124

Insurance Journal

DECEMBER 18, 2024

Highstreet Insurance Partners announced today its acquisition of Collum Insurance Group, LLC based in Richardson, Texas. Along with Collum’s 35 years of personal lines expertise, this transaction adds an additional location to Highstreet’s Gulf Region under Gulf Regional President, Vin …

Insurance 94

Insurance 94

Insurance Journal

DECEMBER 4, 2024

Verlingue, the Quimper, France-based insurance broker and subsidiary of the Adelaïde Group, announced it has acquired ProConseils Solutions, a major player in the insurance brokerage market in French-speaking Switzerland. Financial details of the deal were not disclosed. Verlingue said this …

Insurance 100

Insurance 100

Insurance Journal

DECEMBER 4, 2024

announced the indictment of officers of Inter-Insurance Agency Services Ltd. Manhattan District Attorney Alvin Bragg, Jr. and the firm for their roles in an eight-year scheme in which they allegedly provided more than $250 million in coverage to clients while …

Insurance 105

Insurance 105

Insurance Journal

NOVEMBER 27, 2024

At one of the early meetings of American Legal Connections, Rich Henderson, a senior vice president for reinsurer TransRe, bumped into a concerned client from a hospital insurance company who brought his team members to the event. The insurer was …

Insurance 108

Insurance 108

Insurance Journal

DECEMBER 10, 2024

Global insurance broker Hub International Limited announced that it has acquired the assets of Fairfield County Bank Insurance Services, LLC. Terms of the transaction were not disclosed. Headquartered in Ridgefield, Connecticut, with additional offices across the state and in New …

Insurance 98

Insurance 98

Insurance Journal

DECEMBER 16, 2024

A coalition of consumer, environmental, and fair housing groups have called upon the Treasury’s Federal Insurance Office to release homeowners insurance data before it may be too late. The nationwide data was collected by the National Association of Insurance Commissioners …

Insurance 97

Insurance 97

Insurance Journal

DECEMBER 3, 2024

1, every company in Italy must buy insurance to protect its assets from floods, landslides and other natural hazards that have become more common thanks to global warming. Starting Jan. It’s the latest sign of Europe’s rising anxiety about climate …

Insurance 104

Insurance 104

Insurance Journal

DECEMBER 11, 2024

is asking New York City’s taxi regulator to reconsider proposed changes to commercial auto insurance requirements, saying they may unintentionally leave thousands of drivers in one of the company’s largest markets unable to insure their vehicles. Uber Technologies Inc. Uber …

Insurance 98

Insurance Technology 98

Insurance Journal

DECEMBER 6, 2024

China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement. The country will support qualified foreign financial institutions to invest in its property insurance market, and …

Insurance 98

Insurance 98

Insurance Journal

NOVEMBER 3, 2024

This means that the changes happening in the property insurance market o which safeguards this asset o are … By Andrew Mais, Jon Godfread, Scott White, & Elizabeth (Beth) Kelleher Dwyer Most homeowning Americans consider their home their most valuable asset.

Insurance 119

Insurance 119

Insurance Journal

DECEMBER 16, 2024

International and domestic insurers are pushing into the U.S. Rising losses from storms, hurricanes and wildfires in recent years have caused some insurers, … market for hard-to-protect homes, charging high premiums and enjoying strong profits after some U.S. firms pulled out.

Insurance 94

Insurance 94

Attorney at Work

DECEMBER 7, 2022

Roy Ginsburg | If you want your best clients to stay when your baby boomer lawyers leave, succession planning is the most effective insurance policy. The post Removing Succession Planning Obstacles appeared first on Attorney at Work.

Insurance 330

Insurance 330

Insurance Journal

DECEMBER 5, 2024

Starting January 1, 2025, Maryland will begin requiring businesses employing security guards or in-house loss prevention personnel to meet new licensing and certification requirements and provide proof of insurance. According to the legislation (Senate Bill 760 (2023), any business or …

Insurance 105

Insurance 105

Insurance Journal

DECEMBER 2, 2024

commercial lines insurance sector for 2025, due partly to the segment’s persistently strong underwriting performance and improved investment returns, which have bolstered operating profitability. AM Best is maintaining its stable market segment outlook on the U.S. Reserve adequacy in the …

Insurance 114

Insurance 114

Insurance Journal

NOVEMBER 3, 2024

The insurance industry has historically been slow to adopt new technologies o often relying on traditional outreach, marketing and client management methods. However, digital transformation has taken hold across the sector in recent years, radically reshaping how insurance companies engage …

Technology 122

Technology Insurance 122

Insurance Journal

NOVEMBER 26, 2024

30 after 18 named storms including the earliest Category 5 storm on record, and possibly one of the costliest hurricanes to the insurance industry. The 2024 Atlantic hurricane season ends Nov. Of the 18 named storms, 11 were hurricanes and …

Insurance 111

Insurance 111

Insurance Journal

DECEMBER 15, 2024

Discover practical strategies to reduce your insurance premiums during an economic downturn. As the economic landscape fluctuates, so does the insurance … This post is part of a series sponsored by Trucordia. Learn how to save money without compromising on coverage.

Insurance 96

Insurance 96

Insurance Journal

NOVEMBER 18, 2024

A construction industry captive insurer along with three construction contractors have filed a lawsuit alleging a massive New York fraud scheme involving staged workplace accidents and bogus workers’ compensation and personal injury lawsuits backed by complicit lawyers and medical providers.

Construction 119

Construction Insurance 119

Insurance Journal

DECEMBER 5, 2024

Providence Mutual recently notified state regulators that it is exiting the auto insurance business for both commercial and personal lines n the four states where it currently offers the coverages – Connecticut, Maine, New Hampshire and Rhode Island. The company …

Insurance 105

Insurance 105

Insurance Journal

DECEMBER 5, 2024

A former state employee in Maryland has pleaded guilty in separate cases involving insurance fraud and felony theft. According to Maryland Attorney General Anthony G. Brown, the charges against Shanell Angelia West, of Essex, Maryland, stemmed from her actions during …

Pleadings 103

Pleadings Insurance 103

Insurance Journal

NOVEMBER 22, 2024

Weiss Ratings, a Palm Beach Gardens financial ratings firm, sparked some outrage from the Florida insurance industry in recent weeks after it released reports contending that some of Florida’s largest property insurers were closing almost half of their hurricane claims …

Insurance 111

Insurance 111

Insurance Journal

DECEMBER 18, 2024

announced the acquisition of Austin, Texas-based Howe Insurance Group LLC, dba DMc Insurance Partners. DMc Insurance Partners is a personal lines-focused insurance agency serving individuals and small business … Gallagher & Co. Terms of the transaction were not disclosed.

Insurance 90

Insurance 90