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11 07, 2022

Applied Underwriters Bumps All Staff Salaries 10% to ‘Keep Up With Inflation’

By | July 11th, 2022|Uncategorized|Comments Off on Applied Underwriters Bumps All Staff Salaries 10% to ‘Keep Up With Inflation’

Applied Underwriters on July 11 said it increased staff salaries across the board by 10% to keep up with inflation and its implications. The dramatic adjustment, far outpacing industry averages, came as predictions of inflation made by the company’s lead …

11 07, 2022

Iowa Man Charged With Insurance Fraud

By | July 11th, 2022|Uncategorized|Comments Off on Iowa Man Charged With Insurance Fraud

Stephen Allen Allgood Jr., age 33, of Eddyville, was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) following an investigation by the Iowa Insurance Division’s Fraud Bureau.The charges against Allgood stem from an investigation …

11 07, 2022

Texas Power Grid Operator Warns of Rolling Blackouts Amid Record Heat

By | July 11th, 2022|Uncategorized|Comments Off on Texas Power Grid Operator Warns of Rolling Blackouts Amid Record Heat

\The operator of Texas’s power grid on Sunday called on state residents for the second time this year to conserve energy, warning of potential rolling blackouts amid predictions for record-high temperatures on Monday. The state faces a “potential reserve capacity …

11 07, 2022

Consumers See Inflation Picking Up in Year Ahead but Moderating Over Longer Term

By | July 11th, 2022|Uncategorized|Comments Off on Consumers See Inflation Picking Up in Year Ahead but Moderating Over Longer Term

U.S. consumers see inflation rising further in the year ahead but expect a more moderate pace over the longer term in a signal that inflation expectations – a key dynamic being closely watched by Federal Reserve officials – remain reasonably …

11 07, 2022

Digital Insurer Ranger Raises $5.25M With Assist From A-Rod for Agent Platform

By | July 11th, 2022|Uncategorized|Comments Off on Digital Insurer Ranger Raises $5.25M With Assist From A-Rod for Agent Platform

Digital insurer Ranger said it just closed a $5.25 million seed round to further its development of a digital platform that promises to modernize the role of insurance agents, evolving their role into a home protection advisor. The round was …

11 07, 2022

People Moves: BHSI Names Guinea to Customer Post in Spain; Catalina Appoints New CEOs in Asia and U.S.

By | July 11th, 2022|Uncategorized|Comments Off on People Moves: BHSI Names Guinea to Customer Post in Spain; Catalina Appoints New CEOs in Asia and U.S.

BHSI Names Guinea to Customer Engagement Post in Spain Berkshire Hathaway Specialty Insurance (BHSI) announced that Eduardo Guinea has joined the organization as head of customer and broker engagement in Spain. He will be based in Madrid. Guinea comes to …

11 07, 2022

Yosemite Wildfire Growing as California’s Wildfire Season Develops

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A wildfire threatening the largest grove of giant sequoias in Yosemite National Park more than doubled in size in a day, and firefighters were working in difficult terrain Sunday to protect the iconic trees and a small mountain town as …

8 07, 2022

Tech Giants Brace for Legal Mess of Abortion Data Subpoenas

By | July 8th, 2022|Uncategorized|Comments Off on Tech Giants Brace for Legal Mess of Abortion Data Subpoenas

Technology giants including Apple Inc., Microsoft Corp. and Google, facing questions about whether they’d hand over users’ personal data to authorities pursuing evidence on abortion seekers, are bracing for the multi-state legal quagmire that will govern privacy in a post-Roe …

8 07, 2022

Cowbell Doubles Underwriting Capacity With Palomar

By | July 8th, 2022|Uncategorized|Comments Off on Cowbell Doubles Underwriting Capacity With Palomar

Cowbell Cyber said it reached an agreement with Palomar Excess & Surplus Insurance Company to double the available reinsurance capacity for Cowbell Prime 250, Cowbell’s cyber coverage for businesses with up to $250 million in revenue. The expanded relationship between …

8 07, 2022

Insurtech Venture Capital Fund Seeks Digital MGA Startups for Lab

By | July 8th, 2022|Uncategorized|Comments Off on Insurtech Venture Capital Fund Seeks Digital MGA Startups for Lab

InsurTech Fund, a venture capital fund associated with InsurTech NY, has announced that it will be accepting applications for its first Digital MGA Lab, a three-month program focused on managing general agents. The program is designed for digital brokers, analytics …