For sharing economy businesses involving vehicles, telematics technology is emerging as a potential solution for managing liability. This technology uses sensors, often integrated into mobile applications, to track driver behaviors […]
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World acquires FI Insurance | Insurance Business America
This is part of the growth strategy of the firm, which also acquired five insurance agencies in Louisiana and Texas in August: The Firm of Louisiana P&C, LLC and McFatter […]
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Rate Insurance appoints new commercial VP
New exec to lead growth in niche markets
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Gallagher grows portfolio with THB Chile acquisition
THB Chile is a network retail insurance broker that offers property/casualty coverage, life and health benefits, and reinsurance services across Chile. Members of the acquisition team will report to Lionel […]
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Omaha National welcomes new chief actuary
Omaha National, founded in 2016, focuses on providing workers’ compensation coverage to small and mid-size companies facing higher injury risks due to manual labor and hands-on work. The company operates […]
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Report highlights the growing role of secondary perils in insurance claims
The findings emphasize the need for proactive infrastructure planning, particularly in flood-resistant construction, as climate change leads to more unpredictable weather patterns. The rising risks of drought, localized flooding, and […]
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AI could amplify cyberattacks, report warns
The report, “Outlook on AI-Driven Systemic Risks and Opportunities,” examines how AI could transform both offensive and defensive capabilities in cybersecurity. Of particular concern is AI’s potential to create more […]
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AM Best maintains positive outlook for DUAE segment
“The general optimism among insurers and reinsurers about DUAEs persists, with more strategic partnerships being formed between carriers and DUAEs,” said Yizhou Hong, senior financial analyst at AM Best. “These […]
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Chaucer appoints new class underwriter in political risk
Margaret To, CEO of Chaucer Singapore, echoed this sentiment, stating, “We’re delighted to welcome Jonathan to the Singapore team. His extensive knowledge and track record in political risk underwriting will […]
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Panama gets US$26.7 million for flood recovery from CCRIF
The Government of Panama has received a US$26.7 million payout from CCRIF SPC, a regional parametric insurance provider, following an extreme rainfall event that occurred from Oct. 31 to Nov. […]
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