Month: November 2022

November 11, 2022

Global risk and reinsurance specialist Guy Carpenter has launched a new tool that allows clients to assess and optimise their reinsurance structure. The new MetaRisk Live tool enables clients to instantly evaluate the impact of any changes to their reinsurance […]

November 11, 2022

Hurricane Lisa’s landfall in Belize on November 2nd has triggered an innovative parametric insurance product that provides a form of protection to fund repairs following storm damage to the largest barrier reef in the Atlantic Ocean. The Mesoamerican Reef system […]

November 10, 2022

A new report from Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, shines a light on current global M&A insurance claims trends. The Liberty GTS 2022 Claims Briefing includes detailed information about the types of M&A deals and […]

November 10, 2022

United Insurance Holdings Corp (UPC Insurance) has reported a net loss of $70.9 million for the third quarter of 2022, compared to a net loss of $14.3 million in 2021. UPC Insurance specified that the loss was driven by decreased […]

November 9, 2022

Heritage has reported its Q3 2022 results, saying that it saw a net loss in the period of $48.2m, compared to one of $16.4m in the same three months in 2021. Despite the losses, the firm still said that its […]

November 9, 2022

“What are the hardest lines of insurance to write for cannabis businesses?” That question took Stephanie Bozzuto, co-founder of Cannabis Connect Insurance, down a long mental list. Bozzuto has been in the insuring cannabis business for years, so she knows […]

November 8, 2022

Independent Lloyd’s retail broker Servca Group announced the acquisition of Medicas, an independent insurance specialist that offers a wide range of medical indemnity, medical malpractice and healthcare liability insurance for healthcare groups, entities and individual practitioners. Financial details of the […]

November 8, 2022

As the global reinsurance giant’s results were announced this morning, Christoph Jurecka, CFO of Munich Re, explained that the company believes hurricane Ian matches a pattern linked to a warming world and that this will have to be priced into […]

November 7, 2022

A release from the Louisiana Department of Insurance (LDI) has revealed that insurers have paid or reserved to pay $13.9 billion for any claims related to Hurricane Ida made through September 30, 2022 in the state. Hurricane Ida struck Louisiana […]

November 7, 2022

The National Hurricane Center (NHC) warns of a “prolonged period of hazardous weather” for much of Florida state as subtropical storm Nicole has formed northeast of the Bahamas and is expected to bear down on Florida’s east coast, with near […]

November 4, 2022

A national home insurance study conducted by insurance marketplace Clearsurance has found that a policyholder’s state makes all the difference when it comes to pricing. The report found that some of the top US states in terms of home insurance […]

November 4, 2022

Broker firm McGriff, has announced the appointment of Danielle Ross as Head of Construction – Risk Management in its new National Construction – Risk Management practice, and Dana Moriarity as Casualty Leader for the National Construction Risk Management practice. Based […]

November 3, 2022

Farmers Insurance Exchange has announced that it has become the first US-based insurer to sign on to the United Nations Environment Programme Finance Initiative’s Principles for Sustainable Insurance (PSI), an international framework for the insurance industry to address environmental, social […]

November 3, 2022

Praedicat, the liability emerging risk analytics company, has launched a new probabilistic casualty catastrophe model called Nekomodel X to help facilitate exposure-based pricing and reserving for insurers. PraedicatNekomodel X is designed to expand on the underwriting applications of previous model […]

November 2, 2022

As with any journey worth taking, the road to comprehensive diversity, equity and inclusion (DE&I) begins with a single step – and is made possible by individuals and businesses being willing to take those incremental steps as many times as […]

November 2, 2022

Homeowners in hurricane-prone coastal states and around the US believe severe weather is increasing and that their property is at growing risk from weather events, a new survey by the National Association of Mutual Insurance Companies (NAMIC) has found. However, […]

November 1, 2022

Independence Pet Group (IPG), the full-stack pet insurance platform, announced the completion of its acquisition of Fairfax Financial Holdings Ltd.’s U.S. and Canadian interests in the Crum & Forster Pet Insurance Group (C&F Pet) and Pethealth Inc. IPG purchased the […]

November 1, 2022

A New Jersey legislative committee voted to require liability insurance for gun owners and restrict where they could carry their weapons, moving what would be some of the strictest US firearms limits closer to becoming law. The vote by the […]