Property/casualty insurers head into 2022 facing “massive” political risks, an expert with the Insurance Information Institute said on Dec. 2. Economic uncertainty will also continue despite recovery trends. Some exist due to post-pandemic economic fallout, but many others are longstanding …
Allianz Global Corporate & Specialty (AGCS), Allianz’ entity for large-scale corporate and specialty risks, announced the launch of an online marine insurance service designed for UK leisure vessel owners in collaboration with insurtech company Visicover. Visicover’s web-based service lets customers …
Global ransomware attacks increased by 151% in the first half of 2021 compared with 2020 and hackers are set to become increasingly aggressive, Canada’s signals intelligence agency said on Monday. The Communications Security Establishment (CSE), citing attacks on North American …
The wholesale insurance market continues to grow premiums while providing value to retail agents and important options to their customers, according to a report commissioned by the Wholesale and Specialty Insurance Association (WSIA). But the segment must face the challenge …
Ireland braced for a so-called weather bomb, with Storm Barra’s violent winds and rain slamming the country Tuesday and Wednesday. The Irish Meteorological Service issued a red wind warning for three counties in the west and south of the country, …
AIA Group Ltd. has sold off almost $10 billion of investments in coal mining and coal-fired power businesses as pressure grows on financial firms to cut ties with the sector. The insurer completed the entire sale of directly managed equity …
The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee met on December 6 to review best and final offers from respondents to the Association’s request for proposals for reinsurance broker services. The Committee voted to recommend to TWIA’s Board of …
Snowfall reached nearly 1 foot on Sunday, Dec. 5 in some parts of northern Minnesota. The Minnesota State Patrol reported hundreds of car crashes during the storm. Authorities said 26 of the crashes resulted in injuries, but no fatalities were …
Memphis-based Sedgwick, the national claims management and benefits firm, announced it had elevated two longtime officers to new positions. Micheon Balmer will be managing director over Sedgwick’s national pooling operations in California, Michigan and Texas and will oversee specialty business. …
Hillcrest Insurance Agency in Mount Dora, Florida, is now part of the Renaissance Alliance, a network of independent agencies. Hillcrest offers coverage for construction, homeowners’ associations, restaurants, houses of worship and campgrounds. Renaissance, with offices in Southborough, Massachusetts, and Miramar, …
