8 05, 2024

Worsening Weather Igniting $25 Billion Weather Derivatives Market

By | May 8th, 2024|Uncategorized|Comments Off on Worsening Weather Igniting $25 Billion Weather Derivatives Market

Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had …

8 05, 2024

Markets/Coverages: Marsh Launches Insurance Cover for EU Crypto-Asset Service Providers

By | May 8th, 2024|Uncategorized|Comments Off on Markets/Coverages: Marsh Launches Insurance Cover for EU Crypto-Asset Service Providers

Insurance broker Marsh announced the launch of MiCAssure, a proprietary insurance solution for crypto-asset service providers such as custodians, exchanges, and administrators operating within the European Union (EU), which are required to comply with the forthcoming Markets in Crypto-Assets Regulation …

8 05, 2024

International General Insurance Holdings Begins Trading at Lloyd’s on May 9

By | May 8th, 2024|Uncategorized|Comments Off on International General Insurance Holdings Begins Trading at Lloyd’s on May 9

International General Insurance Holdings Ltd. announced it will begin trading for the first time at Lloyd’s on May 9, 2024, demonstrating the company’s long-term commitment to the London market. Located in the Lloyd’s underwriting room at One Lime Street, IGI …

3 05, 2024

Marsh McLennan Agency Acquires Long Island Broker AC Risk Management

By | May 3rd, 2024|Uncategorized|Comments Off on Marsh McLennan Agency Acquires Long Island Broker AC Risk Management

Marsh McLennan Agency, a subsidiary of Marsh, reported it has acquired AC Risk Management (ACRM), an independent commercial lines brokerage based in Melville, New York. Terms of the acquisition were not disclosed. Founded in 2012, ACRM primarily offers property/casualty insurance …

3 05, 2024

Probe Into Death of Nurse on Home Visit Alleges Employer Failed to Protect Workers

By | May 3rd, 2024|Uncategorized|Comments Off on Probe Into Death of Nurse on Home Visit Alleges Employer Failed to Protect Workers

A home health care company failed to protect a visiting nurse who was killed during an appointment with a convicted rapist at a Connecticut halfway house and should be fined about $161,000, federal workplace safety officials said Wednesday. The Occupational …

3 05, 2024

Abuse Probe Into New Orleans Catholic Clergy Expands

By | May 3rd, 2024|Uncategorized|Comments Off on Abuse Probe Into New Orleans Catholic Clergy Expands

NEW ORLEANS (AP) — Authorities have expanded an investigation of clergy sexual abuse in the Roman Catholic Church in New Orleans to include senior church officials suspected of shielding predatory priests for decades and failing to report their crimes to …

3 05, 2024

Florida’s Heritage Insurance Sees More Profits in Q1 This Year

By | May 3rd, 2024|Uncategorized|Comments Off on Florida’s Heritage Insurance Sees More Profits in Q1 This Year

Heritage Insurance Holdings Inc. (HRTG) on Wednesday reported earnings of $14.2 million in its first quarter of this year, about the same as earnings for Q1 of 2023, but down from the $31 million in net income reported for the …

3 05, 2024

Miami Retirement Fund Class Action Alleges Globe Life Officers Concealed Fraud

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After an investment research firm dropped a bombshell last month and sent shares of Globe Life Inc. plunging by 53%, the insurance company denied the allegations that officers had concealed fraud and sexual harassment issues. But this week, the City …

3 05, 2024

An Origin Story: The History of the Professional Liability Underwriting Society

By | May 3rd, 2024|Uncategorized|Comments Off on An Origin Story: The History of the Professional Liability Underwriting Society

The Professional Liability Underwriting Society (PLUS), as it exists today, does not have a written narrative or any acknowledgment on its website about how the organization was created, the timeline, the individuals primarily involved, or all the events that had …

3 05, 2024

Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance

By | May 3rd, 2024|Uncategorized|Comments Off on Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance

Increased premiums combined with lackluster customer satisfaction scores are driving record numbers of auto insurance customers into the market for a new policy, according to the J.D. Power 2024 U.S. Insurance Shopping Study. Nearly half (49%) of U.S. auto insurance …