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

Houston Deputy Dies After Being Hit by Truck While Helping During Accident

HOUSTON (AP) — A deputy who was a 20-year-veteran of a Houston-area sheriff’s office died Tuesday after being hit by a truck while trying to help a driver following a minor crash, according to officials. John Coddou had pulled over …

The Role of Artificial Intelligence Across the Property Insurance Ecosphere

This post is part of a series sponsored by CoreLogic. Over the last couple of years, Artificial Intelligence (AI) has changed how everyone lives, works, and plays. More than just a trend, AI is the ability of a machine, computer, …

Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’

According to Chubb CEO Evan G. Greenberg, the insurance industry’s underwriting practices for a number of financial lines are “simply dumb.” In a call with analysts to discuss Chubb’s earnings for the first quarter, Greenberg said rates for financial lines …

South Carolina Ringleader Sentenced to 8 Years for Staged Accidents

A man that South Carolina authorities have called a ringleader of an insurance fraud ring, who once recruited accomplices while he was in prison, has pleaded guilty to staging accidents and defrauding insurers of more than half a million dollars. …

‘It’s in the Mail’ Is Not Good Enough to Protest Workers’ Compensation Claim

A Connecticut employer lost its right to contest a workers’ compensation claim because although it mailed its notice to the workers’ compensation law judge within the 28 day statutory period, the judge did not receive the notice by the 28th …

People Moves: Zurich NA Names Higginbotham Head of Pro Liability & Cyber; FM Global CEO Appointed Board Chair; WTW Names Lombardo Named Chair of REHL Division

Zurich NA Names Higginbotham Head of Professional Liability & Cyber Zurich North America, headquartered in Schaumburg, Illinois, has named Kara Higginbotham as head of professional liability and cyber for U.S. national accounts, leading a team of underwriters who serve Zurich’s …

One Novel Approach to Solving the Talent Crisis

This post is part of a series sponsored by AgentSync. It’s not a secret. Insurance has a talent crisis. Not that people who work in insurance aren’t talented – whooooo boy. But that there aren’t enough people who stick around, …

Global Insurers’ Climate Alliance Relaunches After Member Exodus

A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has relaunched with a new name and weaker membership requirements in response to companies fleeing over allegations of collusion by Republican politicians in the United States. The …

People Moves: Lockton Promotes 2 in Crisis Management Team, Announces Changes in Norway Leadership

Lockton, the independent insurance broker, announced two key senior promotions within its Crisis Management team in London. Helen Sandford has been appointed as head of Special Crime, and Freddie Schlesinger has been appointed head of Product Recall and Reputational Risk, …

Markets/Coverages: Ariel Re and Hiscox Re & ILS Launch Cyber Catastrophe Consortium

Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the launch of CyberShock, a cyber catastrophe consortium. The CyberShock consortium is designed to offer up to US$50 million of per-program …