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Category: Insurance Journal

Catalyit, Big I Partner on Tech-Adoption Support for Independent Agents
Insurance Journal | September 10, 2024
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
Insurance Journal | September 10, 2024
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
Insurance Journal | September 10, 2024
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
Insurance Journal | September 10, 2024
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 …
Markets/Coverages: PURE Heads to Canada to Cover HNW Homes
Insurance Journal | September 9, 2024
Markets/Coverages: PURE Heads to Canada to Cover HNW Homes
Privilege Underwriters Reciprocal Exchange (PURE) is for the first time going international with an expansion into Canada. The reciprocal exchange will start serving high net worth clients in Ontario with homeowners insurance through select brokers. Future products include automobile coverage …
Tropical Storm Francine Strengthens, Spurring Oil Shutdowns
Insurance Journal | September 9, 2024
Tropical Storm Francine Strengthens, Spurring Oil Shutdowns
Tropical Storm Francine strengthened as it moved north in the Gulf of Mexico, prompting oil drillers to evacuate crews and halt some offshore crude production, while the US Coast Guard warned shippers of approaching gale-force winds. Francine is expected to …
People Moves: Panos to Head Risk Strategies’ Chicago Office
Insurance Journal | September 9, 2024
People Moves: Panos to Head Risk Strategies’ Chicago Office
Risk Strategies, headquartered in Boston, appointed Tom Panos as managing director of its Chicago office. Panos has over 15 years of experience in the insurance industry. He joined The Baldwin Group through its acquisition of Rosenthal Brothers in 2008 when …
FedEx Sued for Violating Federal Law by Discriminating Against Minnesota Driver
Insurance Journal | September 9, 2024
FedEx Sued for Violating Federal Law by Discriminating Against Minnesota Driver
The Federal Express Corporation (FedEx) violated federal law when it failed to provide reasonable accommodations for qualified, disabled ramp transport drivers with medical restrictions, and instead forced them to take unpaid leave or fired them, the U.S. Equal Employment Opportunity …
California Legislature Passes Bill to Support Insurance Fraud Detectives
Insurance Journal | August 30, 2024
California Legislature Passes Bill to Support Insurance Fraud Detectives
California lawmakers passed a bill to help close the pay gap between the California Department of Insurance’s fraud detectives and officers in other state agencies. The California Senate and Assembly this week passed Assembly Bill 2872, which would support the …
‘Potentially Explosive’ Military Devices Involved in Deadly Arkansas Crash
Insurance Journal | August 30, 2024
‘Potentially Explosive’ Military Devices Involved in Deadly Arkansas Crash
BRINKLEY, Ark. (AP) — A crash on Interstate 40 in Arkansas involving two tractor-trailers and a truck carrying “potentially explosive” military devices killed one person and backed up traffic for hours on the busy highway, officials said. The crash Monday …