Insurance
People Moves: Braverman and Bill join Lockton Lawyers Professional Liability Practice
Lockton, headquartered in the Kansas City metropolitan area, named Eric Braverman and Eric Bill to its lawyers professional liability practice. Both are based in Chicago. Braverman joins as senior vice president, professional services practice leader. He brings 20 years of …
Read More Insurers Offer Tips for Residents to Navigate Texas Wildfires
The Smokehouse Creek Fire has grown to more than 1 million acres in the Texas Panhandle, making it the second-largest wildfire in state history. The fire is 3% contained as of Thursday morning according to officials with the Texas A&M …
Read More RT Specialty Adds Cyber Liability to its Proprietary Digital Platform
RT Specialty, the wholesale distribution division of Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, announced addition of Cyber Liability to its proprietary digital platform, RT Connector. RT Connector allows retail insurance agents to access multiple lines of …
Read More People Moves: Fusion Specialty Appoints Harwood for APAC M&A Team; Specialty MGA Nirvana Hires García-Beltrán to Grow European Cyber SME Portfolio
This edition of International People Moves details appointments at the managing general agents Fusion Specialty and Nirvana. A summary of these new hires follows here. Fusion Specialty Appoints Harwood for M&A in Asia Pacific Fusion Specialty, a Sydney-based MGA platform …
Read More Lemonade CEO Calls 2023 ‘The Year When the Plan Came Together’
Insurtech Lemonade reported a fourth quarter 2023 net loss of $42.4 million and a net loss of about $237 million for the full year but its chief executive said the company has seen “dramatic progress.” Results were in comparison to …
Read More Insurance Agency Denies Liability for Misrepresentations Related to Shooting
A Pennsylvania insurance agency is denying allegations by owners of a Pittsburgh apartment building that it is liable for the denial of a 2023 fire insurance claim and cancellation of the property’s policy because of misrepresentations related to a shooting …
Read More Miami Labor Supplier Charged with Underreporting Payroll to Travelers
Florida authorities charged a Miami contractor with vastly underreporting his payroll and skipping out on $253,000 in workers’ compensation insurance premiums to Travelers Property and Casualty Co. Gustavo Antonio Munguia, 48, owner of American Iron Group Corp., was arrested Thursday, …
Read More AXIS Capital Names Becker as Chair-Elect of Board of Directors, Succeeding Smith
AXIS Capital Holdings Ltd., the Bermuda-based specialty re/insurer, announced that W. Marston (Marty) Becker will succeed Henry B. Smith as non-executive chair of its Board of Directors. Smith, who has served as chair since May of 2020, has decided to …
Read More Florida Bills Moving: Surplus Lines to Get Second Homes; Cancels Barred After Storms
Florida legislation that has been called an “agents’ bill” because it could perhaps make life a little easier for insurance agents, passed a major hurdle this week, moving it closer to approval by the full Legislature. But all Florida agents …
Read More Embedded Business Insurance Agency Coverdash Raises $13.5 Million
Coverdash, which offers embedded commercial insurance technology with products for startups and small-to-medium businesses, announced $13.5 million in Series A funding. This financing comes within one calendar year of Coverdash’s seed round, bringing the company’s total funding to $16 million …
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