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The latest business news for the Property & Casualty insurance industry

Orchid Insurance appoints the business development director

Orchid Underwriters Agency (Orchid Insurance) has announced that Joe Zuk has joined the catastrophe-exposed insurers for insurance. Zuk has been appointed as the new director of corporate development & strategy. He will report to Orchid President and CEO Brad Emmons…. Continue Reading →

One of the lawsuits by Kids Against Trump Climate Policies Dismissed

A federal judge has rejected a lawsuit by two boys from Pennsylvania and an environmental group that seeks to prevent US President Donald Trump from adjusting rules against climate change, and says the court is not competent to tell the… Continue Reading →

Swiss Re ensures a net profit jump despite a catastrophe peak

The fourth most precious year on record for the insurance sector – that was the statement by the Swiss Re Institute regarding 2018, a year that was bombarded with catastrophe after a benign first half, ranging from hurricanes Michael and… Continue Reading →

SCOR unveils new CEO of worldwide P & C activities

The chief executive of SCOR of reinsurance for its global property and accident operations is rising in April. Appointed CEO of SCOR Global P & C, Jean-Paul Conoscente will be the successor of the company veteran Victor Peignet who has… Continue Reading →

How phishing scam is activated

Incidents with phishing continue to increase, and although law enforcement agencies and lawmakers are trying to suppress online criminals at the source, the reality is that hackers remain one step ahead in most cases. According to NAS Insurance's analysis of… Continue Reading →

Hong Kong insurer FWD hires Ex-Deutsche Bank Dealmaker as an F & D advisor

FWD Group, the insurer backed by Hong Kong billionaire Richard Li, has hired former Deutsche Bank AG deal maker Tan Boon-Kee as senior adviser for mergers and acquisitions. Tan, who will be based in Singapore, started her new role last… Continue Reading →

Carriers ablaze for recovered agents

Both market leaders and stakeholders call on employees' insurance companies to offer incentives to brokers for selling more – at the expense of employers and their employees. NPR has recently performed a position on insurers that provided incentives to group… Continue Reading →

Ceres Creek's mother-daughter title insurance officers plead guilty to stealing funds from customers

A mother-daughter team that owned two now-closed Cherry Creek title insurance companies pled guilty to stealing hundreds of thousands of dollars in blocked guarantee funds from its clients and is expected to be sentenced in April. The women – Elizabeth… Continue Reading →

The insurance would cover hearing aids for Nevada children under a bill

US Senator Pat Spearman of D-North Las Vegas on Wednesday introduced a bill that would require all Nevada insurers to cover hearing aids for children and give vouchers to low-income parents. for the purchase of diapers. The Senate's Bill 90,… Continue Reading →

The County of Houston refuses for the moment to take out insurance covering sex reassignment surgery

A Houston-based sheriff's office sergeant, transgender, says she is being discriminated against as county officials will not change health insurance this year, which would cover sex reassignment surgeries . Sgt. Anna Lange and her lawyer asked the commissioners Tuesday to… Continue Reading →

Court of Appeal Thomas of the Supreme Court calls for the overthrow of the Libel case

Justice Clarence Thomas called on the Supreme Court of the United States to destroy the milestone in the New York Times v. Sullivan of 1964, which protects news organizations against most of the defamation when they write about public figures…. Continue Reading →

Fischer tax hike will make insurance unaffordable, says group

Darcy Costello Louisville Courier Journal Posted at 11:40 am EST February 20, 2019 A Kentucky group representing independent insurance agents warns that the insurance industry could experience a "market crisis" if Mayor Greg Fischer proceeds with the proposed premium tax… Continue Reading →

Insurer reveals the most common days for car accidents as a result of daydreams

Erie Insurance looked at police data on car crashes and discovered that Saturdays in September are the most common days for fatal car accidents with daydreams while driving. The insurer recently published an analysis of its findings, which also showed… Continue Reading →

Round 12: Louisiana Citizens Property Insurance that covers more policies

The property insurance business of Louisiana has completed a new round of depopulation of the policy – it is the 12th, reported the state insurance department. As an insurer of the state as a last resort, Louisiana offers Citizens Property… Continue Reading →

Fitch: do we see the end of the traditional reinsurance cycle?

In recent years natural catastrophe has taken place after a natural disaster. There are devastating hurricanes, record-breaking forest fires, typhoons, tsunamis, mudslides – you name it and the world has suffered. Global insurance and reinsurance markets have suffered billions of… Continue Reading →

N.J. Insurers, Regulated entities that are urged to support Marcal employees affected by fire

Banking and Insurance Commissioner Marlene Caride of New Jersey has issued a bulletin last week encouraging insurers and entities regulated by the department to help employees of the Marcal paper products plant who have lost their jobs after a huge… Continue Reading →

Alllianz Targets Tech, Insurance Investments with $ 1.1B Venture Capital Fund

European insurer Allianz SE increases the size of its technology investment fund to 1 billion euros ($ 1.1 billion), making it one of the largest venture capital funds in Europe. Allianz X was launched in 2016 with a checkbook of… Continue Reading →

Chubb warns against cyber attacks against SMEs

Chubb has published an opinion stating that while cyber attacks on large companies often make headlines, SMEs are still much more common goals. Entitled "Cyber ​​attack inevitability: the threat that small and medium-sized businesses can not ignore" The opinion noted… Continue Reading →

How a price insurance policy for cars of the future could bring insurers, car manufacturers together

Dan Peate, a venture capitalist and entrepreneur in Southern California, thought he'd buy a Tesla Model X a few years ago – until he called his insurance company and discovered how much his premiums would rise. "They quoted me $… Continue Reading →

Preservation Capital invests in creating MGA powerhouse

Private equity firm Preservation Capital Partners has made a strategic investment in construction-oriented MGA inventory programs. Last year Preservation Capital acquired an interest in Ascent Underwriting, a cyber and specialty line MGA. The company will manage more than $ 200… Continue Reading →

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