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Insurance Technology: MGA Insight Risk Targets Water Damage; Beazley Starts Cyber Incident Response Rooms
Insight Risk Targets Builder’s Risk Water Damage Losses Insight Risk, a technology-focused Builder’s Risk managing general agent (MGA), announced it is launching an innovative model designed to reduce water damage losses on commercial occupancies by up to 90%. By bundling …
POSTED MAY 24, 2022 4:17 PM |
Texas Dept. of Insurance Security Issue Exposed Data for Nearly 3 Years
A data breach at the Texas Department of Insurance (TDI) exposed confidential information of 1.8 million Texans for nearly three years, according to a brief from the State Auditor’s Office. The audit report said confidential information related to workers’ compensation …
POSTED MAY 24, 2022 3:55 PM |
Louisiana Audit Shows Hurricanes Led to Increase in Insurance Complaints
Residential property. complaints against Louisiana insurance companies skyrocketed in the aftermath of 2020 and 2021 hurricanes, according to a report released this month by the Louisiana Legislative Auditor. The Louisiana Department of Insurance (LDI) received 21,143 complaints in the calendar …
POSTED MAY 24, 2022 3:29 PM |
Inflation Drives 33% Surge in Auto Telematics Adoption in Q1 2022: TransUnion
TransUnion’s latest Personal Lines Insurance Shopping Report found the number of consumers who accepted a telematics offer from their auto insurance provider increased 33% since the end of 2021—a trend driven by consumers hoping to lower their premiums by demonstrating …
POSTED MAY 24, 2022 3:25 PM |
People Moves: Arch Hires Chaucer’s Bauckham for Terrorism, Political Violence & War Team; Dale Moves Into Marine Treaty With 2 Hires From MS Amlin
This edition of International People Moves details appointments at Arch Insurance International and Dale Underwriting Partners. A summary of these new hires follows here. Arch Insurance Int’l Hires Chaucer’s Bauckham for Terrorism, Political Violence & War Team Arch Insurance International …
POSTED MAY 24, 2022 3:21 PM |
Younger Workers More Likely to Leave Employers to Retain Flexibility
Most business owners expect employees to be back working in person full time a year from now but employees want to retain flexibility with where and when they work. According to Nationwide’s most recent Agency Forward survey, about half of …
POSTED MAY 24, 2022 2:54 PM |
Ski Mask and Assault-Rifle Water Gun Prank Leads to Killing of Mississippi Teen
A teen in Mississippi shot and killed another teen who approached his home with a toy gun that looked like an assault rifle while wearing a ski mask, authorities said. The teen killed was one of thee people who approached …
POSTED MAY 24, 2022 2:34 PM |
Drought Will Impact Pacific Northwest This Summer, Experts Warn
Drought is expected to impact much of the Pacific Northwest this summer, including areas in eastern Washington, southern Oregon and southern Idaho, according to climatology and water officials. A recent map from the U.S. Drought Monitor shows that about 54% …
POSTED MAY 24, 2022 2:19 PM |
R&Q’s Accredited Europe Signs 6-Year Program Management Deal with UK Insurtech
The program manager Accredited Insurance (Europe) Ltd., the wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., announced it has signed a six-year program management agreement with Policy Expert, a UK Insurtech providing home and motor insurance to over …
POSTED MAY 24, 2022 1:55 PM |
Markets/Coverages: NJM Introduces Commercial Package Policy in New Jersey
NJM Insurance Group is now writing commercial package policies in New Jersey with policy effective dates beginning July 1, 2022. The NJM ProPack Commercial Package Policy protects mid-to-large-sized businesses against property and liability risks, including crime, inland marine, and industry-specific …
POSTED MAY 24, 2022 1:04 PM |
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