Thu.May 01, 2025

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AIG Q1 Underwriting Income More Than Halved on Wildfire Losses

Insurance Journal

American International Group (AIG) reported first quarter net income attributable to shareholders of $698 million, down 41.5% from the same period a year ago.

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Danish government looks to establish $1bn war risk programme

Splash: Finance and Insurance

The Danish government has announced plans to create a state-backed $1bn war risk programme for ships to be used in the event commercial insurance markets fail. The government said the insurance plan, due to be voted on in parliament later this year, was a timely precaution.

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Dashboard Shows New York City Paid Almost $2 Billion to Settle Claims in 2024

Insurance Journal

Last year, New York City settled 13,397 claims against it for a total cost of $1.94 billion, the most ever for one fiscal year, up from $1.5 billion in fiscal year 2023, the city’s financial monitor has reported. Police ($309.

Claim 240
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WHAT THE HELL IS GOING ON OUT HERE?

Rough Notes

The agency businesslike college footballis changing on almost a daily basis What happens in your business or job when there is a win? Do all employees and clients cheer? Do all those involved in your business share the excitement of winning? By Dr. William T.

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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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Fired State Employees Breached the Personal Data of 33K More Texans

Insurance Journal

Texas Health and Human Services Commission late Wednesday began notifying another 33,529 recipients of state benefits that their private information had been improperly accessed.

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More Trending

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Chinese Hacking Competitions Fuel the Country’s Broad Cyber Ambitions

Insurance Journal

Dustin Childs can still describe the best demonstration of a winning hack at an international tournament he’s ever seen. It happened almost a decade ago.

Cyber 217
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Turbocharging Underwriting: WCL & Send Driving Efficiency for the London Market

Zywave

Unleash new levels of efficiency in your underwriting process. In this on-demand webinar, experts from WCL and Send explore how seamless data exchange powers Sends Underwriting Workbenchredefining insurance operations and driving smarter workflows. Watch the recording to learn how to: Streamline underwriting through data normalisation See how WCLs robust connectivity ensures accurate, consistent data flow into Sends Workbench.

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Ohio Eatery to Pay $125K Over Race Discrimination Lawsuit

Insurance Journal

Bennett Enterprises Inc., doing business as Ralphie’s Sports Eatery Company, will pay $125,000 and provide other relief to settle a race, disability and retaliation discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced.

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Marine round-up : 2nd May 2025

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Marine round-up : 2nd May 2025 appeared first on Insurance Marine News.

Marine 52
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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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Southern Specialty Rebrands, Names Roberts President

Insurance Journal

Southern Specialty Underwriters, with offices in Tampa and in Macon, Georgia, said it has rebranded to Arbour Specialty, an insurance broker in the Southeast. The company also named Rebecca Roberts as its new president.

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Syndicate Results 2024 No. 21 Axis 1686

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Syndicate Results 2024 No. 21 Axis 1686 appeared first on Insurance Marine News.

Marine 52
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Berkshire Outguns Market as Buffett Reaches 60 Years in Charge

Insurance Journal

Berkshire Hathaway BRKa.N has held up well in a rocky year for stocks, and shareholders this weekend will be seeking reassurance from Warren Buffett that they remain in good hands as tariff turmoil disrupts corporate America.

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Crew abandonment an ongoing problem, says ILO

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Crew abandonment an ongoing problem, says ILO appeared first on Insurance Marine News.

Marine 52
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Florida Set to Be 2nd State to Ban Fluoride from Public Water Systems

Insurance Journal

TALLAHASSEE, Fla.

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Iran seizes two ships: issues jail sentences in fuel smuggling crackdown

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Iran seizes two ships: issues jail sentences in fuel smuggling crackdown appeared first on Insurance Marine News.

Marine 52
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Florida Citizens ‘Going Naked’ on Re Below Cat Fund Layer; Could Mean Assessment

Insurance Journal

Reinsurance prices have dropped since Florida’s 2022-2023 litigation reform measures were enacted, but the biggest rate reductions are mostly for reinsurance above what the Florida Hurricane Catastrophe Fund provides, Citizens Property Insurance Corp. officials said this week.

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Revision of dedicated tanker form

Insurance Marine News

BIMCO and the Association of Ship Brokers & Agents(ASBA) have revised ASBATANKVOY, the only dedicated tanker form not associated with an oil major. The updated version of the voyage charter party addresses changes in the tanker trade, commercial practices and regulations since its last revision. BIMCO noted that the original edition of ASBATANKVOY, published by.

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Harvard Vows Reforms Following Internal Reports on Antisemitism and Anti-Arab Bias

Insurance Journal

Harvard University is promising to review its academic offerings and admissions policies in response to a pair of internal reports on antisemitism and anti-Arab prejudice at the Ivy League campus commissioned in the aftermath of last spring’s pro-Palestinian protests.

Policy 147
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Lube oil maintenance failure caused catastrophic engine failure and fire

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Lube oil maintenance failure caused catastrophic engine failure and fire appeared first on Insurance Marine News.

Marine 52
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California Attorney General Suing Cleaning Company Over ‘No-Poach’ Deals

Insurance Journal

California’s Attorney General has filed a lawsuit against a national sanitation company for allegedly using “no-poach” agreements. California Attorney General Rob Bonta announced the lawsuit this week against Packers Sanitiation Services, Inc. LTD., doing business as Fortrex (PSSI).

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LNG Heavies: Addressing operational challenges onboard ships

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post LNG Heavies: Addressing operational challenges onboard ships appeared first on Insurance Marine News.

Marine 52
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People Moves: SmartChoice Chooses Caldwell as CEO; Griffin Promoted to Zurich US Head of Multinational Underwriting; Burns & Wilcox Names New York, Chicago Leaders

Insurance Journal

SmartChoice Names Caldwell CEO Smart Choice, headquartered in Greensboro, North Carolina, restructured its executive leadership, naming Andrew Caldwell as CEO, while founder Doug Witcher has transitioned to the chairman of the board role.

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US port fees for Chinese vessels: what they mean in practice

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post US port fees for Chinese vessels: what they mean in practice appeared first on Insurance Marine News.

Marine 52
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The Hanover Reports 11% Growth in Q1 Net Income

Insurance Journal

First quarter net income for The Hanover Group grew to $128.2 million compared to $115.5 million during the same period a year ago. The Worcester, Massachusetts-based insurer’s Q1 combined ratio was 94.1, and improvement over 95.

Insurance 147
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Russia reflags and renames sanctioned LNG tankers as suspected Arctic LNG 2 startup approaches

Insurance Marine News

You need to be logged in to view this content. Please Log In. Not a Member? Join Us The post Russia reflags and renames sanctioned LNG tankers as suspected Arctic LNG 2 startup approaches appeared first on Insurance Marine News.

Marine 52
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Smarter Client Communication Starts Here: Transform Your Agency with EZLynx Email Content Assist

Insurance Journal

This post is part of a series sponsored by EZLynx. For independent agents, crafting the perfect emailwhether it’s for a new policyholder, a renewal reminder, or a marketing campaigncan be surprisingly time-consuming.

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TALES FROM A RECOVERING PEOPLE PLEASER

Rough Notes

People pleasing: the good and the bad [P]eople pleasing [is] defined by Merriam-Webster as having an emotional need to please others often at the expense of his or her own needs or desires. By Meg McKeen, CIC This edition of Lets Lead was inspired by a recent conversation with a reader.

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Business Moves: CRC Group Acquires ARC in E&S Deal

Insurance Journal

Independent insurance wholesaler CRC Group said it has acquired specialty wholesale distributor ARC Excess & Surplus. Terms were not disclosed.

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THE NEED FOR SPEED

Rough Notes

Stay ahead of the competition with prompt website lead response [L]eads are 21 times more likely to convert when contacted within five minutes as opposed to 30 minutes. By Chris Paradiso In todays digital world, speed is everything.

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[On-Demand] Turbocharging Underwriting: WCL & Send Driving Efficiency for the London Market

Zywave

[link]

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THE NICHE INSURANCE PLAYBOOK

Rough Notes

Finding your unique edge in a competitive market If you want to win, niche down. Stop being just another agent and become the agentthe one who owns an industry, speaks its language, and becomes the go-to expert.

Agents 52
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Attorney Fee Amendment Shot Down by Florida Senate; Condo Relief Bill Passes

Insurance Journal

Florida’s Senate late Wednesday refused to go along with a prevailing-party attorney-fee amendment to a phosphate mine bill, likely leaving it dead for 2025 as the legislative session nears the end.

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