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Security First, Amelia Underwriters Offering New Products in Warming Florida Market

Insurance Journal

Two Florida-based insurance companies are expanding their product lines, another sign that insurers are making more if limited moves into a warming market in the state. Amelia Underwriters, a wholesale and surplus lines broker based in Fernandina Beach, …

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7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI

Insurance Journal

With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly 7 in 10 actuaries and underwriters are worried about being replaced by artificial intelligence, …

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People Moves: Pennsylvania Lumbermens Names Firko Operating Officer, Promotes 6

Insurance Journal

Pennsylvania Lumbermens Mutual Insurance Company (PLM), headquartered in Philadelphia, named Steve Firko as executive vice president and chief operating officer overseeing all front-line customer-focused operating departments, including underwriting, field operations, claims, loss control, marketing, customer service, and operations.

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SageSure Expands HO Business in Mississippi, Louisiana

Insurance Journal

SageSure, a managing general underwriter for catastrophe-exposed markets, said it has joined with Auros Reciprocal Insurance Exchange to bring more homeowners coverage to Louisiana and Mississippi. Auros is a property insurance company domiciled in Mississippi. It received its certificate of …

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People Moves: NAMIC Promotes Cotto to Counsel of Federal and Political Affairs

Insurance Journal

The National Association of Mutual Insurance Companies (NAMIC) promoted Tony Cotto to assistant vice president and counsel for federal and political affairs. He previously served as NAMIC’s director of auto and underwriting policy. Cotto will represent NAMIC before federal officials …

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Lloyd’s Syndicate Firm Launches Professional Liability Insurer, Based in Charlotte

Insurance Journal

Beat Capital Partners, a London-based incubator of underwriting franchises and subsidiary of Ambac Financial Group, said it has launched a professional liability insurance company, based in Charlotte. ProRise Insurance Services will stand up Oct. 1, with Doug Karpp, a former …

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Intelligent Underwriting Strategic Business Value for Group, Voluntary Benefits and Worksite Insurers

Majesco

The business value of intelligent, AI-powered underwriting solutions, business processes and operating models is driving operational efficiencies, productivity, and profitability. As reflected in Majesco’s 2022 Strategic Priorities Research , 25-30% of insurers have implemented a digital underwriting workbench.