Monthly Archives: <span>September 2024</span>

Moody’s: Insurers and Asset Managers Bolstering Cyber Defenses

Insurers and asset managers worldwide continue to focus on cybersecurity amid growing risks, according to findings from a Moody’s Ratings survey that polled 110 companies operating across both sectors. Respondents’ total investment in cybersecurity rose by 53% between 2019 and …

Getting the Green Light: Are High-Tech Upgrades Coming Soon to Roads?

The secret to avoiding red lights during rush hour in Utah’s largest city might be as simple as following a bus. Transportation officials have spent the past few years refining a system in which radio transmitters inside commuter buses talk …

Arrowhead announces new carrier partnership for New Jersey homeowners

SAN DIEGO, CA., September 10, 2024 – Arrowhead General Insurance Agency, Inc. is pleased to announce its new carrier relationship with DB Insurance Company. Together we have introduced a new admitted homeowner’s program in the state of New Jersey. DB …

This Niche Agency Grew 200% by Digitizing Their Agency Bill and Surplus Lines Business.

Los Angeles, CA, September 10, 2024 – SL Digitized introduces a groundbreaking platform that digitizes and automates the selling and servicing of new and renewal agency bill and surplus lines business. By leveraging intelligent forms, seamless integrations, SMS notifications, and …

Residents in Louisiana City Still Recovering From 2020 Hurricanes

LAKE CHARLES, La. (AP) — Every other day Lois Malvo waits for her son to bring six buckets of water from a spigot in the backyard. He then bathes his 78-year-old mother using water heated on the stove and washes …

Texas-Based Insurtech Sigo Seguros Raises $5.1M in Pre-Series A Funding

Sigo Seguros, a Texas-based insurtech company that focuses on providing auto insurance services for immigrant and working-class communities, announced it has raised an additional $5.1 million in its pre-Series A funding round. The investment round was co-led by Zeal Capital …

Catalyit, Big I Partner on Tech-Adoption Support for Independent Agents

Catalyit, an insurance technology hub for independent insurance agents, is partnering with the Independent Insurance Agents & Brokers of America, Inc. (the Big “I”) to support independent insurance agents in selecting, implementing and optimizing the right technologies for their agencies. …

People Moves: Melvin Names CEO of BMS Re US; Rawal Joins AXA XL as CUO Middle Market, Canada; QBE Canada Hires Fenn as Multinational Underwriting Manager

Melvin Appointed President and CEO, BMS Re, US BMS Re, the specialty reinsurance arm of global broker BMS Group headquartered in New York City, appointed Brad Melvin president and chief executive officer, BMS Re, U.S., effective November. Melvin will lead …

Viewpoint: CrowdStrike Failure Highlights Potential Aggregation Risks for Reinsurers

The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years. The recent CrowdStrike software failure underscored the dormant threats posed by aggregation risk, and the …

NHTSA Proposes New Vehicle Requirement to Reduce Pedestrian Deaths

A U.S. regulator said on Monday it is proposing a requirement that some future vehicles be redesigned to reduce the risks of serious or fatal injuries in crashes involving pedestrians amid a rise in such deaths. The National Highway Traffic …