Yearly Archives: <span>2021</span>

Quotech and Tenefit Form Partnership to Expand Industry’s Global Risk Intelligence

Quotech and Tenefit have announced a new partnership to bring new peril and loss-event data into insurance-market systems in real time, and to analyze that data effectively alongside the customers’ own data. Tenefit’s DisasterAWARE Enterpriseâ„¢ solution is a global risk …

SEC Sues Giuliani Associates Parnas, Correia Alleging Fraud Over Insurance Startup

The U.S. Securities and Exchange Commission sued two associates of Rudy Giuliani, the former New York City mayor and lawyer for Donald Trump, alleging they defrauded investors of $2 million in a company that never got off the ground. Lev …

Insurance Journal’s Agency Partnership News Wrap-Up

Renaissance Alliance Insurance Services Adds 33 Members in 2020 Renaissance Alliance, a network for independent insurance agencies, announced that 2020 represented the largest year of growth in the company’s history. In the midst of the pandemic, Renaissance added 33 new …

Hiscox Appoints Flaquet to Newly Created Role of Chief Transformation Officer

Hiscox Ltd., the international specialist insurer, announced the appointment of Stéphane Flaquet, who currently serves as CEO of Hiscox Europe, as its chief transformation officer for the group. In this newly created role, Flaquet will be responsible for overseeing the …

Applied Underwriters to Acquire UK Yacht Insurance MGA, Concept Special Risks

Applied Underwriters announced it will acquire Concept Special Risks, a UK-based international managing general agent, which provides coverage for a variety of nautical vessels and operators across the globe. Based in Yorkshire, UK, and founded in 1999 by Tony Usher, …

Washington Farmers Suing Over Virus Rules for Migrant Workers

Two farm groups are suing the state of Washington for failing to revise emergency regulations that seek to protect migrant farmworkers from the COVID-19 virus. The groups filed the lawsuit this week in Yakima County Superior Court. It seeks to …

National Fire Protection Association, State Farm Funding Wildfire Preparedness

The National Fire Protection Association and State Farm have kicked off a funding awards application period for the eighth national Wildfire Community Preparedness Day on Saturday, May 1, which helps communities prepare for, and reduce, their risk of wildfire damage. …

Mosaic Launches Bermuda-Based Specialty Insurer, Along with Lloyd’s Syndicate 1609

Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a newly formed Lloyd’s syndicate. Operating with initial capitalization of $185 million, Mosaic is founded by insurance industry veteran Mitch Blaser, …

New York Regulator Issues Guidance for Insurers Writing Cyber Policies in the State

The New York State Department of Financial Services (DFS) has issued new guidance spelling out best practices for New York-regulated property/casualty insurers that write cyber insurance. This serves as the first guidance the regulator has issued on cyber insurance in …

Construction Worker Killed in New Jersey When Excavator Goes Into Waterway

A construction worker was killed when the excavator he was operating fell into a waterway, leaving him trapped him inside the equipment, authorities said. The man was part of a crew working at a site in Linden, New Jersey, when …