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

Benefits Firm Unum to Offer Digital Vaccination Verification Tool

Employee benefits firm Unum said it will soon launch a product to help employers determine employees’ COVID-19 vaccination status and manage vaccine exemptions and testing results. In anticipation of recent federal vaccination and testing mandates, the product promises to ease …

Lloyd’s Urges Insurance Workforce With Ethnic Minorities as One-Third of New Hires

Lloyd’s of London wants the commercial insurance market to recruit a third of its workforce from ethnic minorities, it said on Friday, as it attempts to improve diversity. Nearly 50,000 staff are employed in Lloyd’s underwriting and broking firms, which …

Financial Services Firms Beware, Outsiders Are Cracking the Code

Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon to IKEA and Walmart are cutting out the traditional financial middleman and plugging in software from tech startups to offer customers …

FSU College of Business Ranks No. 1 for Dr. William T. Hold/The National Alliance Program in Risk Management and Insurance

September 17, 2021, Tallahassee, FL — Florida State University College of Business undergraduate Risk Management/Insurance Program is ranked No. 1 in the country, by U.S. News & World Report’s “Best Colleges 2022 Guidebook,” released Monday. The college’s Dr. William T. …

Florida New Litigated Claims Fell 35% in August

New litigated claims for Florida’s largest property and casualty insurers dropped to 4,313 in August, a 35% decrease from July, according to data compiled by litigation management software provider CaseGlide. The month-over-month drop is the largest percentage decline since September …

Surfside Commissioners Reject Proposed Land Swap at Site of Condo Collapse

Commissioners in Surfside, Florida, have rejected a proposal to trade public beachfront to the eventual buyer of the condominium collapse site so that a memorial to the 98 victims could be built there. The decision followed an emotional meeting Tuesday …

Zurich Insurance Weighs Selling Some Australian Non-Core Assets

Zurich Insurance Group AG is considering a sale of some of its general insurance assets in Australia as the Swiss firm seeks to streamline its portfolio, according to people familiar with the matter. The insurer is working with an adviser …

Demand Outpacing Supply in One of Best E&S Markets in 50 Years, Industry Veteran Says

The chair of W.R. Berkley Corp. has been observing conditions in the excess and surplus and specialty markets for more than five decades and views the current environment as just about the best in that time span. According to William …

RMS Estimates US$31– $44 Billion in Total U.S. Onshore and Offshore Insured Losses from Hurricane Ida

Estimates reflect insured wind, storm surge, and inland flooding impacts in the U.S., including losses to the National Flood Insurance Program and the private flood market. Newark, CA – September 17, 2021 – RMS®, the world’s leading catastrophe risk solutions …

People Moves: Beazley Names Sanchez to New Cyber Role; AGCS Promotes Vassallo for Energy & Construction; Dyer and Adams Join Marsh’s UK Marine & Cargo Practice

This edition of International People Moves covers London-based appointments at Beazley, Allianz Global Corporate & Specialty (AGCS) and Marsh. A summary of these promotions and new hires follows here. Insurer Beazley Names Sanchez for Newly Created Global Head of Cyber …