Wed.Feb 19, 2025

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Casualty Reinsurance Still Attractive: Arch Capital CEO

Insurance Journal

While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty reinsurance business remains attractive for his company. Speaking during an earnings conference call on Feb. 10, after reporting $3.

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Policyholder Prevails in Bad Faith Lawsuit

Property Insurance Coverage Law

As hurricane claims attorneys on both sides of the v. in litigation know, a fundamental tenet of Louisiana Law is that [A]n insurer has a continuing duty of good faith and fair dealing which extends throughout the litigation period. 1 Mental anguish, emotional distress, humiliation, aggravation, inconvenience, loss of property, loss of use, and defense … The post Policyholder Prevails in Bad Faith Lawsuit appeared first on Property Insurance Coverage Law Blog.

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People Moves: Hamilton Global Specialty Promotes Thorp as Head of Space, Golder as Head of Treaty; QBE Europe Names Yebra as Senior U/W in Transactional Liability Team

Insurance Journal

This edition of International People Moves details appointments at Hamilton Global Specialty and QBE European Operations. A summary of these new hires follows here.

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Helping Medicare Beneficiaries Losing DSNP Coverage

PSM Brokerage

A Direct Mail Solution for Agents The Medicare market is always evolving, and with recent changes in the Dual Special Needs Plan (DSNP) landscape, many beneficiaries are facing the unexpected loss of their coverage. As an insurance professional, you have a critical opportunity to step in and guide these individuals through their options. To support you in this effort, weve created a direct mail postcard that makes it easy to connect with Medicare beneficiaries who need help finding new coverage.

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Streamline Insurance Claims Management By Analyzing Legal Trends

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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Ex-PIMCO Executive to Run World’s First Catastrophe-Bond ETF

Insurance Journal

Catastrophe bonds, whose returns have consistently trounced those of high-yield debt markets in recent years, are about to become accessible to a wider group of investors.

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Howden Acquires Forbes Insurance and Hill Aviation in UK

Insurance Journal

Howden, the London-based global insurance intermediary group, announced the acquisition of aviation specialists Forbes Insurance Ltd., and the acquisition of the book of business from Hill Aviation Insurance Services Ltd. Financial details of the acquisitions were not disclosed.

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Benefits and HR Compliance Updates

Relation

Compliance News & Updates: February 18 , 2025 Issue In our recent In Compliance Newsletter, we feature articles highlighting recent legislative changes and regulatory guidance for employer-sponsored benefit plans. Stay up-to-date on the always changing state of employee benefits compliance. Sign up for our Bi-Weekly In-Compliance Newsletter. Common Health Plan Compliance Mistakes to Avoid Employers […] The post Benefits and HR Compliance Updates appeared first on Relation Insurance.

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Bain Capital Backs Israeli AI Cybersecurity Startup Dream at $1.1 Billion Valuation

Insurance Journal

Dream, an artificial intelligence company that provides cybersecurity services to governments and critical infrastructure operators such as hospitals and utilities, has raised $100 million at a $1.1 billion valuation.

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Blog Post: The Next Frontier of Legal AI: Embracing the Agentic Model

LexisNexis

The LexisNexis global technology platform incorporates various AI innovations, including extractive AI that identifies relevant results within data and offers detailed insights; generative AI which produces new content from data based on user prompts or instructions; and agentic AI that can perform tasks autonomously on behalf of users. We live in an era of such rapid technological innovation; the only thing certain is change.

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Markets/Coverages: Apollo Expands Into Drone Product Liability Cover

Insurance Journal

Apollo, the London-based insurance group, announced they have expanded their offering into drone product liability. Apollo is providing the capacity for this product liability offering as part of an existing binder with Moonrock, the specialist managing general agent.

Liability 147
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NC Governor Waives Weight Limits, Truck Driver Hourly Limits as Winter Storm Hits

Insurance Journal

With heavy snow and ice on the way, North Carolina’s governor on Tuesday issued an emergency declaration, waiving weight and registration checks for some trucks and hourly limits on drivers delivering essential items.

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Farmers Estimates $600M in Losses from LA Wildfires

Insurance Journal

Farmers said on Wednesday that it expects losses from the Los Angeles wildfires last month to reach an estimated $600 million. Insurance companies have so far paid out more than $6.

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Mastercard’s £200 Million Settlement in Class Action Suit Gets Court Scrutiny

Insurance Journal

Mastercard Inc. unfairly reduced a 10 billion ($12.6 billion) class action case to a settlement of just 200 million, according to the firm that funded the lawsuit.

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Federal Mortgage Insurer to Lay Off About Half Its Workforce

Insurance Journal

The Trump administration is planning to lay off at least 40% of the workers at the federal agency that provides mortgage insurance on loans for people who otherwise wouldn’t qualify for one, according to two sources familiar with the agency’s …

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Trump’s SEC Leader Shifts Power From Investors to Boardrooms

Insurance Journal

New policies from the top U.S. securities regulator hand corporate boards more power over investors in ways that could curtail investor-initiated reform efforts on everything from climate policy to director contests, experts say. Since last month when U.S.

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AI ‘Hallucinations’ in Court Papers Spell Trouble for Lawyers

Insurance Journal

U.S. personal injury law firm Morgan & Morgan sent an urgent email this month to its more than 1,000 lawyers: Artificial intelligence can invent fake case law, and using made-up information in a court filing could get you fired.

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Family of Man Killed in Copter-Plane Midair Collision Files $250 Million Claim

Insurance Journal

The family of a Connecticut man killed in the January 29 collision of an American Airlines plane with a military Black Hawk helicopter over the Potomac River has filed a $250 million claim against the government.

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Markets/Coverages: Cyber Portfolio Quoting for US Brokers From CFC; New DUAL Fine Art Coverage Capacity; Falcon Risk’s Pro Liability for Agents, Brokers

Insurance Journal

CFC Launches Cyber Portfolio Quoting for American Brokers CFC said it has launched a new service to automate quoting for up to thousands of policies.

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