Fri.Apr 04, 2025

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Florida’s Insurance Regulator Buried a Completed Report That Raised Red Flags About Insurer Affiliate Profits

Property Insurance Coverage Law

Yesterdays testimony before the Florida House Insurance & Banking Subcommittee ripped the cover off a story thats been brewing for years: the Office of Insurance Regulation (OIR) under David Altmaier had a completed, paid-for, red-flag-waving report about insurer affiliate transactions showing hundreds of millions of hidden profits for the insurance industry and simply chose to … The post Florida’s Insurance Regulator Buried a Completed Report That Raised Red Flags About Insurer

Insurance 200
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Generali to Comply With Government’s View on Natixis Deal, CEO Tells Newspaper

Insurance Journal

Italy’s biggest insurer Generali intends to heed advice from the government when Rome starts reviewing a planned asset management tie-up with France’s BPCE, CEO Philippe Donnet said in a newspaper interview on Friday.

Insurer 218
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How Rent Guarantee & Home Emergency Insurance Can Save Landlords Money

Protect Commercial Insurance

Introduction For UK landlords, maintaining and managing rental properties can be both rewarding and challenging. With unpredictable situations that can arise at any time, having a robust plan to safeguard your investment is paramount. Two insurance options that often get overlooked but can make a significant financial difference are rent guarantee insurance and home emergency insurance.

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UK Financial Services Industry Slow to Hire Women to Top Roles, Report Finds

Insurance Journal

Britain’s financial industry has made little progress in recruiting more women to top positions, a new report from the UK finance ministry said on Thursday, a pace of change the head of British insurer Aviva called “unacceptable.

Insurer 198
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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Contractor Insurance is Essential for Home Improvements

Boyle Agency Insurance

Imagine a scenario where a contractor accidentally damages your property or a worker gets injured while working on your home. Without proper insurance, you could be held liable. When hiring contractors for home projects, ensuring they have proper insurance coverage is crucial. Let’s explore why verifying contractor insurance matters and how it shields your property during renovations or repairs.

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Buyer-Friendly April Reinsurance Renewal Bodes Well for Mid-Year Renewals: Brokers

Insurance Journal

The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts in a continuation of the favorable market conditions seen in January, according to reports published by Aon and Gallagher Re.

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Oracle Tells Clients of Second Recent Hack, Log-In Data Stolen

Insurance Journal

Oracle Corp. has told customers that a hacker broke into a computer system and stole old client log-in credentials, according to two people familiar with the matter.

Cyber 256
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SCOR Placed Under Court Examination for Allegations Against Former Chair Kessler

Insurance Journal

French reinsurance company SCOR said on Friday it has been placed under examination by a Paris court for facts alleged against its former chairman, Denis Kessler, in relation to Covea Group’s acquisition of PartnerRe in 2022.

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Hackers Target Australia’s Largest Pension Funds in Coordinated Attacks

Insurance Journal

Hackers targeting Australia’s major pension funds in a series of coordinated attacks have stolen savings from some members at the biggest fund, according to a source with knowledge of the matter, and compromised more than 20,000 accounts.

Cyber 210
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Take the Hassle Out of Claims Management

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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Pennsylvania Woman Filed Claim on Barn Pulled Down by TV Reality Show, AG’s Office Said

Insurance Journal

A Pennsylvania woman who sold part of her barn for use in a barn-rebuilding TV reality show now faces charges after investigators said she filed a fraudulent wind claim on the structure.

Claim 192
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Markets/Coverages: Travelers Adds Enhanced Services for Cyber Liability; Willis AdWrap for Marketing and Ad Production

Insurance Journal

The Travelers Companies launched Travelers Cyber Risk Services, a suite of capabilities added to all cyber liability policies designed to help lower the risk of a cyberattack and the cost to recover from one.

Cyber 182
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People Moves: The Hanover Creates COO Position, Names Lavey to the Job

Insurance Journal

The Hanover, based in Worcester, Massachusetts, named Dick Lavey to the newly created role of chief operating officer, the property-casualty insurer said.

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People Moves: Conyers Joins Brown & Riding’s Environmental Practice Leadership

Insurance Journal

Brown & Riding, headquartered in Dallas, hired Robert Conyers Jr., to lead B&R’s environmental practice with Jeff Hubbard. With over eight years of industry experience, Conyers joined Brown & Riding in 2017 and was named a principal in 2023.

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Peak Re Granted License to Open Reinsurance Branch in India

Insurance Journal

Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it was granted a reinsurance branch license in India.

License 133
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Microsoft Pulls Back on Data Centers From Chicago to Jakarta

Insurance Journal

Microsoft Corp. has pulled back on data center projects around the world, suggesting the company is taking a harder look at its plans to build the server farms powering artificial intelligence and the cloud.

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The All-in-One Solution for MGAs & Wholesalers: How Expert Insured Combines AI, Rating, Policy Lifecycle, and Accounting for Complete Management

Insurance Journal

This post is part of a series sponsored by Expert Insured. Managing the entire insurance lifecycle can be a daunting task for MGAs and wholesalers, with processes spanning from underwriting to policy issuance and accounting.

Policy 130
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Newsom Says California to Seek Tariff Exemptions From Allies

Insurance Journal

Gov. Gavin Newsom said he’s seeking exemptions for California-made products from retaliatory tariffs and wants to open talks with global allies over new trade relationships, casting the state as a buffer against the fallout of Donald Trump’s sweeping tariff plan.

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Dallas Fed Warns of Slowing Growth in Trade-Reliant Texas

Insurance Journal

Texas, the nation’s top trading state, is facing a weakening economic outlook as the Trump administration’s sweeping trade and immigration policies fuel worries among businesses about higher costs, reduced demand and labor shortages, according to the Federal Reserve Bank of …

Policy 170