Affluent households, particularly those with assets ranging from $500,000 to $5 million, face a unique set of risks and concerns. The 2024 Wealth Report by Chubb highlights three primary areas of concern: climate change, cyber risks, and the protection of high-value collectibles. These issues are
Arthur J. Gallagher & Co., a prominent insurance brokerage, risk management, and consulting services firm, has recently announced the acquisition of two brokerages: Dawson & Keenan Insurance Ltd. in Canada and Hann Insurance Brokers Pty Ltd. in Australia. These strategic moves are set to
The Fortegra Group Inc., a specialty insurer based in Jacksonville, Florida, has made a significant leap forward in its global expansion strategy by receiving regulatory approval from the Prudential Regulation Authority to launch a new subsidiary in the United Kingdom. Scheduled to become effective
The recent E. coli outbreak linked to McDonald's Quarter Pounder hamburgers has come to a close, with the U.S. Centers for Disease Control and Prevention (CDC) announcing that the investigation is now finished. The outbreak, caused by the E. coli O157:H7 strain, led to a significant number of
The shocking news broke when Manhattan District Attorney Alvin Bragg, Jr. announced the indictment of Timothy Barry Derham, chairman and owner of Inter-Insurance Agency Services Ltd., and his nephew, Donald “Trip” A. Derham III, the company's chief technology officer, on serious charges of ins
A groundbreaking legislative package signed by Governor Kathy Hochul aims to expand health insurance coverage for pregnant individuals in New York, marking a significant shift in the landscape of maternal health care. This new legislation mandates that health insurance plans must now enroll
As commercial property and casualty (P/C) insurance stakeholders speculate about future rate stability, the financial repercussions of Hurricane Helene remain a pertinent topic of discussion. Despite the strain inflicted by recent natural disasters, industry experts are forecasting that rates will
The Insurance Brokers Code Compliance Committee (IBCCC) has published its Annual Report for 2023-24, highlighting critical areas where the Australian insurance broking industry needs to improve. The report underscores concerns about transparency, breach reporting, remuneration disclosure, and
Adaptive Insurance has launched a groundbreaking AI-powered parametric insurance platform aimed at mitigating climate risks for businesses. The company's flagship product, GridProtect, focuses on offering immediate financial relief to enterprises impacted by power outages, which result in $150
The finance and insurance sectors are undergoing a transformative shift, driven by the rapid adoption of big data and artificial intelligence (AI). These technologies are reshaping industry practices, enhancing operational efficiency, and improving customer experiences. This article delves into the
