Monthly Archives: <span>July 2021</span>

Former Aon Executive Mahoney Named Chairman of Oneglobal Bermuda

Oneglobal Broking has appointed former Aon executive Dennis Mahoney as chairman of Oneglobal Bermuda, with immediate effect. Following his retirement as chairman of Aon Global, Mahoney served on the board of Ironshore prior to its sale to Liberty Mutual. Mahoney …

UK Broker Price Forbes Acquires 100% Stake of Chile Business

Price Forbes, a London-based insurance broker, announced it has increased its shareholding in Price Forbes Chile to 100% as part of its commitment to invest in growing its presence in Latin America. Price Forbes has grown substantially in Chile since …

UK’s Q2 Auto Insurance Premiums Drop to Lowest Level Since Early 2016: Survey

The cost of a comprehensive car insurance policy in Britain fell 12% in the second quarter to its lowest level since early 2016 due to COVID-19 lockdowns, although it might rebound to pre-pandemic levels as restrictions ease, a survey showed …

UK’s Aviva Calls for Urgent Action to Protect Homes, Businesses from Climate Change

British insurer Aviva called on Wednesday for urgent action from policymakers, developers and insurers to protect homes and businesses from the impact of climate change, saying most were ill-prepared to handle extreme weather. It said more than 570,000 new homes …

People Moves: Alliant Adds Rose in Dallas; IIAT Honors Gavin, Tatum, Vasquez, Schreiber

Alliant Longtime energy and trade credit expert Jay Rose joined Alliant as senior vice president in the company’s Alliant Underwriting Solutions (AUS) division. He is based in Dallas. Rose will build a premier team with targeted industry expertise and a …

As Cyberattacks Rise, Cyber Insurers Are Rethinking Their Business

The hacks came one right after another, sowing chaos at hospitals, idling America’s biggest gasoline pipeline, crippling a huge meat supplier and devastating hundreds of companies over the July 4 weekend. Now, insurers are reassessing the cyber business. With cyber …

Judge Upholds California Insurance Commissioner’s Order to Expand FAIR Plan Coverage

A Superior Court judge has upheld the California Insurance Commissioner’s authority to order the California FAIR Plan to offer broader coverage options to consumers. Los Angeles Superior Court Judge Mary Strobel has upheld California Insurance Commissioner Ricardo Lara’s authority to …

In the Face of a Severe California Wildfire Season, is The Oft-Used ‘Mitigation’ Word Too Little Too Late?

It may have been around 2017 when a true sense of urgency donned on insurers, public officials, residents and regulators in wildfire-prone California, as fires destroyed or damaged more than 10,000 structures in the state, a higher tally than the …

Florida Gov. DeSantis Pledges to Fight Against CDC COVID Cruise Ship Rules

Florida Gov. Ron DeSantis said he will take legal action against a recent court order that left in place Center for Disease Control orders for cruise ships to follow as they roll out to sea later this summer. A panel …

Texas’ Incline P&C Group Partners with CRC’s 5Star Specialty Programs

Austin, Texas-based Incline P&C Group, through its Incline Casualty Co., is partnering with CRC Group’s 5Star Specialty Programs on transportation risks. Incline P&C Group is an insurance program market services firm. 5Star is a full-service general agent (GA) offering underwriting …