Industry News
Pro MGA Global Solutions Announces Incubation Partnership With MGA Nirvana
Pro MGA Global Solutions, the independent managing general agent (MGA) incubator, announced its incubation partnership with specialty MGA Nirvana. Nirvana is led by CEO Kabir Chanrai and Executive ...
Political Risk Became ‘Everyone’s Risk’ in 2022: WTW
Last year saw political risk transform from a low-frequency, high-severity peril into "everyone's risk," according to a new report. WTW's 2023 Political Risk Survey found that 92 percent of ...
Juul to Pay $462 Million to Six States, D.C. Over Youth Addiction Claims
E-cigarette maker Juul Labs Inc. has agreed to pay $462 million over eight years to settle claims by six U.S. states including New York and California, along with the District of Columbia, that it ...
Executives on the Move at Everest Re, Sompo International, Guidewire
Everest Re Group has appointed Mike Mulray as executive vice president and president of North America Insurance, effective immediately. Mulray will lead all aspects of North America, the Insurance ...
Amazon Worker Injuries Dipped Last Year, but Higher Than 2020
Amazon's total injury rate for warehouse workers took a dip last year, but injuries were still worse than they were in 2020, according to an analysis released Wednesday by a coalition of labor ...
Global Insured Losses Estimated at $15B in Q1, With Economic Price Tag of $63B: Aon
Private and public insurance entities saw an estimated $15 billion of global losses during the first quarter – close to both average and median losses of the last 10 years, according to Aon's Q1 ...
Deepfake Porn Could Be a Growing Problem Amid AI Race
Artificial intelligence imaging can be used to create art, try on clothes in virtual fitting rooms or help design advertising campaigns. But experts fear the darker side of the easily accessible ...
Clear Intent to Exclude Named Storms Not Enough to Deny Coverage
In 2015, the Shiloh Christian Center in Melbourne, Fla., cut its property insurance premiums in half by asking its insurer to drop coverage for named windstorms. Hurricane Matthew struck the next ...