NFP expands risk control leadership NFP, an Aon company, has appointed Jake Lyon as senior vice president, Risk Control Advisory leader and Darren Beard as vice president, Risk Control, Transportation in its Construction and Infrastructure (C&I) Group. Lyon and Beard will focus on developing risk management solutions for clients in the construction and infrastructure sectors….
“By partnering with Jewelers Mutual, Orion180 is addressing a need for more comprehensive jewelry coverage that goes beyond standard offerings,” said Ken Gregg, CEO and founder of Orion180. “This collaboration enhances the overall insurance experience for our clients, allowing them to protect both their home and high-value items in one place.” Source link
Poll reveals rising backlash against American workplace influence as Europeans call for stronger labour protections Source link
Most frequently cited vectors of attack identified Source link
Most frequently cited vectors of attack identified Source link
Benefits wrongly cut off – now the state’s highest court has reversed the decision Source link
Following the hurricane, Hamilton paid $81,521.13 to Shellpoint, which accepted the sum without objection. Ahmed, contending the payment was insufficient, sued the insurer directly, alleging breach of contract and seeking recovery as a third-party beneficiary. The breach of contract claim was dismissed early and not appealed. The remaining claim was dismissed with prejudice by the…
The accountant’s role has morphed into something more complex and liability prone. With firms offering services like investment consulting, offshore outsourcing, and even insurance sales, they’ve entered regulatory minefields – without necessarily updating their risk protections. Tax-related claims now account for over half of the liability cases at McGowan Program Administrators, and exposure is only…
Farrah Ata (pictured), a property and casualty insurance broker for Willis Towers Watson’s M&A practice, has had a front-row seat to these shifts. From automated manufacturing to cyber benchmarking tools, her work reveals how insurers are building tailored verticals for risk lines that didn’t exist ten years ago – and using that infrastructure to accelerate…
Following the hurricane, Hamilton paid $81,521.13 to Shellpoint, which accepted the sum without objection. Ahmed, contending the payment was insufficient, sued the insurer directly, alleging breach of contract and seeking recovery as a third-party beneficiary. The breach of contract claim was dismissed early and not appealed. The remaining claim was dismissed with prejudice by the…
Are agency owners waiting too long to prepare for the next generation? Source link
“We designed IB+ Data Hub to be more than just a repository of information—it’s a strategic resource for professionals who need to stay ahead of the curve,” said Claire Preen, director of intelligence at Insurance Business. “Whether you’re in underwriting, legal, compliance, or executive strategy, this is about enabling action based on real insight.” Source…
Time is running out to join Insurance Business America’s 5-Star Program Administrators & Carriers Source link
New rules aim to protect buyers by aligning with SEC and NAIC guidelines Source link
FCCI Insurance Group operates through more than 3,800 independent agents across 20 states and Washington, D.C. Its product line includes coverage for auto, crime, cyber liability, equipment, excess & surplus, property, general liability, inland marine, umbrella, and workers’ compensation, among others. Additionally, FCCI writes contract and commercial surety bonds in 45 states. Source link
New law revises negligent security and jury guidelines Source link
In comparison, Chubb achieved record net income of $9.27 billion for FY2024, or $22.70 per share, and core operating income of $9.20 billion, or $22.51 per share. Consolidated net premiums written were $51.5 billion, up 8.7%, with global P&C up 9.6% and life insurance up 15.7%. The P&C combined ratio for the year was 86.6%….
Income before taxes was $538.6 million, down from $574.1 million a year ago. After accounting for $121.3 million in income tax and $222,000 in noncontrolling interests, net income attributable to common shareholders was $417.6 million. The company reported 399.8 million diluted shares outstanding for the quarter, compared to 405.8 million in the same period last…
In comparison, Chubb achieved record net income of US$9.27 billion for FY2024, or US$22.70 per share, and core operating income of US$9.20 billion, or US$22.51 per share. Consolidated net premiums written were US$51.5 billion, up 8.7%, with global P&C up 9.6% and life insurance up 15.7%. The P&C combined ratio for the year was 86.6%….
The second division, Programs and Solutions, will cover a range of business lines, including personal lines, Bermuda operations, surety, workers’ compensation, small commercial packages, program and alliance offerings, and Insurtech. Alex Martin, formerly president of Markel Specialty, will lead the division. Martin has been with the company for 19 years and has held positions across…
“A key difference between an action in tort and an action in contract is that in the latter, the standard of performance is set by the defendants’ promises, rather than imposed by law,” the court wrote. The indemnity obligation in this case, the court found, was one CHA “freely and intelligently chose to be bound”…
On appeal, Universal also challenged the homeowners’ procedural handling of the waiver issue, arguing they failed to properly plead it. The Fourth District agreed, holding that waiver must be explicitly raised in response to an insurer’s affirmative defenses. The Yagers, it found, did not do so until five months after Universal’s answer, and even then,…
Headquartered in Richmond, Virginia, the Hilb Group is a national insurance brokerage and advisory firm offering property and casualty, as well as employee benefits services. It is a portfolio company of The Carlyle Group, a global investment firm. Hilb Group’s strategy combines organic growth with acquisition activity, supported by centralized resources across its expanding national…
The offering is powered by Insureon, HUB’s digital marketplace for small business insurance. The platform provides clients with access to coverage options from over 30 insurance carriers, including general liability, commercial auto, property, business owners, cyber, and errors and omissions. HUB Private Client Risk Advisors also assist in aligning business insurance with clients’ broader wealth…
Firm to switch its focus to home turf and Europe Source link
Company to switch its focus to home turf and Europe Source link
As cybercrime grows more sophisticated, Patrick Costello makes the case for MGAs who prioritize people over products Source link
Under the proposed legislation, the annual DFS notice may include the department’s disaster hotline, key contact details, and a link to the department’s online disaster and flood resource center. Additionally, it must feature a clear statement highlighting that standard homeowners and renters insurance policies do not typically cover flood-related damages, underscoring the necessity of separate…
The lawsuits come amid growing instability in the state’s property insurance market, where several insurers have scaled back offerings or exited the market altogether, citing increased wildfire risk, rising claims costs, and regulatory constraints. Source link
Deal expands niche market capabilities Source link
