Monthly Archives: <span>January 2024</span>

Insurtech Resilience Expands Cyber Risk Management to Clients of $10B in Revenue

San Francisco, California-based Resilience expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. The company reported that its expanded authorities come after a strong year of growth, with fewer than 5% of …

Small Farmers Hit by Extreme Weather Would be Helped by New Crop Insurance Program

Since catastrophic flooding hit Vermont in July and waterlogged crops, some farmers are trying to figure out how to get through the next season. Water washed away seeds planted in the summer at Bear Roots Farm, which grows about 20 …

NRA Chief LaPierre Defends His Spending, Luxury Travel in New York Civil Trial

Longtime National Rifle Association chief Wayne LaPierre took the stand in his New York civil trial Friday, defending himself against allegations that he violated the trust of the group’s 5 million members by spending tens of millions of dollars to …

Hawaii Officials Identify Last of 100 Known Victims of Wildfire That Destroyed Lahaina

The last of the 100 known victims of the wildfire that destroyed Maui’s historic town of Lahaina in August was identified as a 70-year-old woman whose husband, sister and several other relatives also died in the fire. Maui police said …

No Injuries Reported After Steeple of Historic Connecticut Church Collapses

NEW LONDON, Conn. (AP) — An historic Connecticut church’s soaring steeple and roof collapsed on Thursday, leaving a gaping hole in the top of the building and the front reduced to a heap of rubble. No deaths or injuries were …

Pathpoint, AgentSync Unite for Superior Client Experience

DENVER, Colorado – Jan. 30, 2024 — Pathpoint and AgentSync have partnered to deliver a better agent and client experience by accelerating Pathpoint’s average time-to-bind with automated policy infrastructure. Pathpoint, the modern wholesaler where insurance agents can get bindable small …

Arthur J. Gallagher & Co. Acquires Louisiana’s Forest Insurance Facilities

Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Metairie, Louisiana-based Forest Insurance Facilities. Terms of the transaction were not disclosed. Forest Insurance Facilities is a …

California to Get Drenched From Fast-Moving Atmospheric River

A fast-moving atmospheric river coming off the Pacific Ocean will drench northern and central California on Wednesday and then head for the the southern half of the state. Northwest California will likely get the worst of the storm, with as …

Markets/Coverages: Howden Launches Carbon Capture and Storage Insurance Facility

Howden, the London-based global insurance group, announced an insurance facility that covers the leakage of carbon dioxide (CO2) from commercial-scale carbon capture and storage (CCS) facilities. The insurance facility, designed by Howden and led by SCOR’s syndicate at Lloyd’s, provides …

People Moves: BevCap Promotes Bossier to President

BevCap Management, a provider of risk management solutions, announced the promotion of Matthew Bossier, ARM to the position of President, Property & Casualty. In his new role, Bossier will be responsible for leading and overseeing the strategic direction of the …