8 04, 2024

Former Maryland Insurance Agent Pleads Guilty to Stealing $369K

By | April 8th, 2024|Uncategorized|Comments Off on Former Maryland Insurance Agent Pleads Guilty to Stealing $369K

A former Maryland title insurance agent recently pleaded guilty to carrying out a multi-year theft scheme netting her more than $369,000, according to the state attorney general. Cheryl Leigh Gray was a licensed insurance producer working as the operations manager …

4 04, 2024

Tech Update: Vertafore Delivers Policy Binding in its Personal Lines Rater; Amwins’ Online Marketplace Provides Bindable Quotes From Multiple Carriers

By | April 4th, 2024|Uncategorized|Comments Off on Tech Update: Vertafore Delivers Policy Binding in its Personal Lines Rater; Amwins’ Online Marketplace Provides Bindable Quotes From Multiple Carriers

Vertafore Delivers Policy Binding in Personal Lines Rater Vertafore, headquartered in Denver, launched the industry’s first bind capability within a personal lines rater. Vertafore’s personal lines rating and quoting platform, PL Rating, enables independent agencies to quickly find and bind …

8 04, 2024

Hurricane-Force Winds Leave 150,000 Without Power in Colorado

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More than 150,000 Xcel Energy Inc. customers in Colorado are without electricity amid hurricane-force winds — and some may not get power back until Monday. Those affected include about 55,000 customers who had their power cut preemptively by the utility …

4 04, 2024

Howden Tiger to Rebrand as Howden Re

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Howden Tiger, the global reinsurance arm of Howden, will rename as Howden Re, effective April 8, 2024. This strategic change follows Howden’s rebrand in October last year, which united its broking operations under one name. Today, with its reinsurance business …

8 04, 2024

11 Injured When Bus Carrying Fraternity Members Blows a Tire in Mississippi

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BAY ST. LOUIS, Miss. (AP) — Eleven people were injured when a bus carrying University of South Carolina students blew a tire and hit a concrete barrier in Mississippi. Mississippi state troopers said the driver and a student were critically …

4 04, 2024

Markets/Coverages: AXA XL’s U.S. Mid-Market Insurance Business Expands GL Coverage

By | April 4th, 2024|Uncategorized|Comments Off on Markets/Coverages: AXA XL’s U.S. Mid-Market Insurance Business Expands GL Coverage

AXA XL’s U.S. Mid-Market insurance business is extending its general liability coverage for mid-sized businesses with its new XL Plus broadening endorsement, offering more than two dozen expanded protections. The XL Plus endorsement expands the scope and depth of coverage …

8 04, 2024

Greece Invests Over €2 Billion to Fight Climate Change Effects

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Greece is investing €2.1 billion ($2.27 billion) to protect the nation from natural disasters caused by climate change as wildfires are already breaking out ahead of fire season, which normally starts in May. The Aegis program is the first of …

4 04, 2024

Panama Canal Drought Could Threaten Global Supply Chains, S&P Says

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The severe drought which has forced the Panama Canal, one of the world’s busiest trade passages, to limit daily crossings could impact global supply chains during a period of high demand, S&P Global said on Wednesday. The canal has imposed …

8 04, 2024

Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?

By | April 8th, 2024|Uncategorized|Comments Off on Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?

Executive Summary: Specialty insurance has experienced significant growth in recent years. Greg Gaydos, senior business development executive at Zywave, looks at the reasons and advises how to best take advantage of its wealth of opportunities. The excess and surplus lines …

4 04, 2024

Colombia Insurers Fear Petro’s Takeover to Spark Health Crisis

By | April 4th, 2024|Uncategorized|Comments Off on Colombia Insurers Fear Petro’s Takeover to Spark Health Crisis

President Gustavo Petro’s decision to take control of a top Colombian health insurer sets a dangerous precedent, according to the industry and patient associations. The South American nation’s health superintendent will run EPS Sanitas for one year after it failed …