Tag: risk management

August 17, 2023

An alleged “family and friend” organized auto insurance fraud ring in California was seemingly broken up by the Urban Automobile Insurance Fraud Task Force when seven people were arrested on Wednesday in connection to the case. In total, 23 individuals […]

August 16, 2023

Auto insurance shopping increased 12% during Q2 compared to the same period last year, according to a new TransUnion report. TransUnion’s quarterly Insurance Personal Lines Trends and Perspectives report, released Tuesday, attributed the rise to vehicle sales and the quest […]

August 15, 2023

Culminating a four-year-long process, a key working group of insurance regulators has adopted new standards for determining whether an investment held by an insurance company should be characterized as a “bond” evidencing a “creditor relationship.” This “principle-based” bond definition will […]

August 14, 2023

xC Williams Insurance Agency recently joined Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois. Founded in 2023, C Williams Insurance Agency was created by owner Chad Williams. The full-service […]

August 11, 2023

Emerging Asia is becoming less shock prone, this along with enhanced economic credibility lowering long-term volatility of growth, inflation and interest rates, is making the region more attractive for insurers and investors alike, according to a recent report by the […]

August 10, 2023

The insurance industry is hyper fixated on an issue that is extremely relevant to the property sector, namely valuation. That is according to Ben Beazley (pictured), executive vice president, national accounts property at Jencap Group. “Valuation is the hottest topic […]

July 28, 2023

QBE North America has announced the launch of a new cyber insurance program with Converge, a new managing general agent (MGA) that will act as program administrator. The program will be broken down into two separate distribution structures, ConvergeElements and […]

July 3, 2023

SCOR Investment Partners has announced the opening of a new subsidiary based in Switzerland to provide closer support to Swiss institutional investor clients and develop new opportunities in the country. SCOR Investment Partners is the asset management company of the […]

July 3, 2023

Global Parametrics, the parametric and index-based disaster risk transfer company, has partnered with broking group Howden to deliver an expansion to its parametric insurance scheme with One Acre Fund for smallholder farmers in Africa. The expansion of the parametric insurance […]

June 30, 2023

An insurance agent in Texas has pleaded guilty to a third-degree felony charge, according to an announcement made by the Travis County district attorney’s office. Christopher Cannon, who also served as mayor of Elgin from 2016 to 2020, entered a […]

June 30, 2023

Jenny Bortman (pictured) didn’t originally plan a career in insurance. After majoring in chemistry, she joined Nestle Purina’s veterinary division in a sales role. But soon, she was heeding the call of the family business. “I think insurance is in […]

June 29, 2023

Florida has a unique property insurance market consisting mostly of small and medium-sized local insurers that rely heavily on reinsurance. These companies serve to fill the gap left by national insurers that have shied away from providing coverage in the […]

June 29, 2023

Aluminium Bahrain B.S.C, the largest aluminium smelter in the world after China, held a Reverse Insurance Roadshow. This was the first of its kind in the MENA region, with top-rated insurance and reinsurance markets, in collaboration with Bahrain Kuwait Insurance […]

June 28, 2023

The Federation of European Risk Management Associations (FERMA) has announced the election of Charlotte Hedemark as its next President. Her tenure as President will start on 17 October. She will be succeeding Dirk Wegener following the completion of his four-years […]

June 28, 2023

Oxbridge Re Holdings Limited has announced that its Web3-focused, wholly-owned subsidiary, SurancePlus Inc., has closed a $2.4 million private capital raise through the sale of 244,776 of its tokenized reinsurance security, DeltaCat Re. According to the announcement, the tokens will […]

June 27, 2023

Direct non-life insurers in advanced markets have experienced a deceleration in the release of prior-year loss reserves, prompting concerns about adequacy due to recent shocks, leading to an uptick in the share of incurred-but-not-reported (IBNR) claims, according to a Swiss […]

June 27, 2023

2023 is predicted to be a below average storm season in the US, which along with price increases achieved over the past several years, should benefit re/insurers and underwriters; this amid a “fatigued” market caused by a challenging last 5 […]

June 26, 2023

Insurance Business America has uncovered the industry’s exceptional female leaders in 2023. Fifty-four (54) Elite Women were recognized for their outstanding qualifications, accomplishments, and contributions to diversity, inclusivity, and the greater insurance industry. This year’s winners demonstrated their commitment by […]

June 23, 2023

Corvus Insurance has announced that it has launched a “first of its kind” endorsement to help make policyholders safer through proactive engagement with Corvus Signal™, a cyber risk prevention solution that is set to reduce the frequency and costs of […]

June 22, 2023

Pennsylvania governor Josh Shapiro has signed into law a bill designed to safeguard the insurance industry from cyber threats. Pennsylvania Insurance Data Security Act, also known as House Bill 739, was signed last week as Act 2 of 2023 after […]