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INSURANCE NEWS
Register: Risky Future AI Tools for MGAs ‘Demo Day’ on March 11
Insurance Journal’s Risky Future series is hosting the “AI Tools for MGAs” Demo Day, a series of free AI tool demonstrations designed exclusively for managing general agencies. The latest online event offers MGAs an opportunity to evaluate innovative and practical …
Florida Lawmakers Tweak Cancer Benefits for Firefighters
In 2019 Florida lawmakers, after a hard-fought legislative effort, provided benefits—outside the workers’ compensation system—for firefighters diagnosed with 21 types of cancer. On Monday, the Florida House of Representatives gave final passage to Senate Bill 984, which would speed up …
Studer to Become CEO of Marsh Risk, South Moves to Chief Client Officer of Marsh
Marsh said Nick Studer will become president and CEO of Marsh Risk, succeeding Martin South, who will become chief client officer of Marsh and work closely with the leaders of the company’s businesses. Studer has been the CEO of Marsh’s …
Corona Promoted to North America CEO at Aon
Aon plc said it promoted Anne Corona to North America CEO. She takes over for Lori Goltermann, who was elevated to the role of vice chair of Aon. The roles will begin March 31. Corona has had a 25-year career …
Georgia Teacher Killed When Toilet Paper Prank by Students Goes Wrong
A high school teacher in Gainesville, Georgia, was killed Friday when a group of students, engaged in “rolling” his yard with toilet paper, accidentally ran over the man. News sites reported that Jason Hughes, 40, knew the traditional prank was …
Risk Theory Acquires New York City Property, Habitational MGA Roundhill Express
Risk Theory, a specialty insurance platform, announced it has completed the acquisition of Roundhill Express, a specialized managing general agent (MGA) underwriting commercial habitational properties throughout New York City. Roundhill Express operates in New York City’s commercial habitational market through …
Aon Announces Stablecoin Insurance Premium Payment Option
Global professional services firm Aon announced the first known stablecoin insurance premium payment among major global brokers. The proof of concept was backed by using trusted U.S. dollar-backed stablecoins, expanding digital asset insurance capabilities for clients, and supporting more efficient …
Beazley to Acquire kWh Analytics to Add to Renewable Energy Portfolios
Specialty insurer Beazley said it has reached an agreement to acquire kWh Analytics. Terms of the deal were not disclosed. kWh Analytics, a managing general agency, combines data with advanced analytics to deliver insurance and risk management solutions for clean …
Global Leaders Race to Shield Their Economies From War Shocks
Policymakers around the world are readying measures to absorb surging energy and commodities prices triggered by the Middle East war that now threaten the global economy with its biggest shock since the pandemic. What were cast as dire scenarios when …
Oracle and OpenAI End Plans to Expand Flagship Data Center
Oracle Corp. and OpenAI have scrapped plans to expand a flagship artificial intelligence data center in Texas after negotiations dragged over financing and OpenAI’s changing needs. The collapsed talks created an opening for Meta Platforms Inc. to step in and …
Iran Says Oil Blockade Will Continue Until Attacks End; Trump Threatens Heavier Strikes
Iran’s Revolutionary Guards said on Tuesday they would not let any oil be shipped from the Middle East if U.S. and Israeli attacks continue, prompting President Donald Trump to say the U.S. would hit Iran much harder if it blocked …
Vast Ship Clusters and Speeding Tankers Point to Hormuz Jamming
At least a dozen clusters of ships have appeared near the Strait of Hormuz, a likely sign of elevated electronic interference around the waterway that’s central to the US and Israeli war against Iran. The groups, which can number more …
