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ARCHIVED NEWS


    THG ACQUIRES SEVERAL ASSETS FROM D. F. DWYER & ASSOCIATES

    Feb 28, 2020

    The Hilb Group (THG) has announced that it has acquired “certain” assets of D. F. Dwyer & Associates (DFD); the transaction became effective February 01, 2020. DFD, based in Newport, RI, offers a suite of P&C insurance products and services to both businesses and individual custo...

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    TRAVELLER ASSIST LANDS US DEFENSE BASE INSURANCE-ASSISTANCE CONTRACT

    Feb 28, 2020

    Traveller Assist, a provider of medical and security assistance in complex environments, has been appointed claims and assistance provider for a new Defense Base Act (DBA) provided by Chubb. All US government contractors and subcontractors working abroad on military bases are required to carry DBA w...

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    BURNS & WILCOX EXPANDS HOUSTON OFFICE

    Feb 28, 2020

    Burns & Wilcox has announced that it will expand and renovate its Houston office to support continued growth. The expansion will allow for 20% more personnel in order to support increased demand for specialty insurance. “Burns & Wilcox has operated in Houston for nearly 30 years, exper...

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    ZURICH REVEALS NEW PARTNERSHIP TO EXPAND CYBER OFFERING

    Feb 27, 2020

    Zurich Insurance Group and cybersecurity company CYE have partnered on an offering to protect businesses against cybercrime. Zurich Cyber Security Services addresses cyber risks by helping businesses define and implement effective cyber risk management programs, the company said. The offering combin...

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    AT-BAY LAUNCHES TECH E&O POLICY

    Feb 27, 2020

    At-Bay has announced the launch of an automatically underwritten technology errors and omissions policy. At-Bay’s Technology & Cyber Insurance Policy expands coverage beyond cyber liability to include tech E&O. With the launch of the new policy, brokers will be able to get instant tech...

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    NEPTUNE FLOOD EXPANDS BUSINESS INTO LOUISIANA

    Feb 27, 2020

    Neptune Flood has opened for business in Louisiana – the company’s 39th state. A release noted that Louisiana is the second largest market for flood insurance in the US due to its geography and history of catastrophic flooding. “Louisiana is key to Neptune’s growth and Neptun...

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    NATIONWIDE AGREES MAJOR JOINT VENTURE WITH INSURER

    Feb 26, 2020

    Nationwide Mutual Insurance Company (Nationwide) has agreed a major joint venture with global insurer Generali. The two insurance giants have today announced the creation of N2G Worldwide Insurance Services, LLC (N2G), to offer seamless multinational commercial insurance solutions. N2G will use the ...

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    AIG ANNOUNCES $500 MILLION ACCELERATED SHARE REPURCHASE

    Feb 26, 2020

    American International Group (AIG) has entered into an accelerated share repurchase (ASR) agreement with Citibank to repurchase $500 million in AIG common stock. The agreement is part of AIG’s $2 billion share repurchase authorization announced in February 2019. “We remain committed to d...

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    GRAHAM COMPANY INVESTS IN TECH ACCELERATOR PROGRAM

    Feb 26, 2020

    The insurance brokerage industry is on the cusp of something special. As more and more investment dollars are pumped into innovation and new technologies, brokers are starting to transform their business and risk management operations in order to provide the best possible client experiences and stay...

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    ARCH CAPITAL GROUP AGREES $521 MILLION COFACE DEAL

    Feb 25, 2020

    Natixis SA agreed to sell most of its remaining stake in credit insurer Coface SA to Arch Capital Group in a 480 million-euro (US$521 million) deal that may allow the French lender to return more excess cash to shareholders. Arch Capital, a US specialty and mortgage insurer, will acquire 29.5% of Co...

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    REICH INSURANCE ROLLS OUT 'COMPLETE' PRODUCT FOR WATER TREATMENT PROFESSIONALS

    Feb 25, 2020

    Manchester-based Reich Insurance has a new proposition for water treatment professionals, who the broker found are often unknowingly exposed due to a specific exclusion for legionella and efficacy. “As a leading independent insurance broker in the UK, we are constantly striving to develop new ...

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    AMERICAN CLUB POSTS SOLID 2020 P&I RENEWAL

    Feb 25, 2020

    The American Club saw solid performance over the 2020 P&I renewal season despite challenging conditions in the shipping and insurance sectors. Year-on-year premium for the club’s mutual P&I class stayed flat. A small decrease in revenue for its freight, demurrage and defense (FD&D)...

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TRENDING NEWS


    THE NEXT LEAP FORWARD FOR DATA ANALYTICS WITHIN THE INSURANCE SECTOR

    Mar 31, 2020

    As a data-heavy industry, how insurance can process documents and extract the valuable data insights which these documents hold has been a significant consideration for a number of years. Across the globe, data and software companies are rising to the challenge, helping to mitigate this critical pro...

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    BEACON HILL LAUNCHES TWO ONLINE AGENT TOOLS

    Mar 31, 2020

    Beacon Hill Associates has announced the release of two new online tools for partner agents, available through the company’s agent portal. One service allows agents to receive A+ rated contractors pollution liability quotes online. Agents will also have access to the REAL Environmental Evaluat...

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    CHEF THOMAS KELLER SUES INSURER OVER CORONAVIRUS BUSINESS INTERRUPTION CLAIMS

    Mar 31, 2020

    Chef Thomas Keller, whose restaurants collectively hold a total of seven Michelin stars, has filed a suit against his insurer over business interruption claims related to the COVID-19 pandemic. The suit, filed by attorney John Houghtaling against insurer Hartford Fire Insurance Company, requests tha...

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    STATE LOOKS AT LEGISLATION TO VOID CORONAVIRUS EXCLUSION CLAUSES

    Mar 30, 2020

    A bill being drafted in the state of New Jersey could put certain property insurers on the hook for business interruption losses due to the COVID-19 outbreak. Once approved, NJ Draft Bill A-3844 would immediately take effect, and will apply retroactively to insurance policies in force on March 09, 2...

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    ALLSTATE MAKES LEAP INTO PERSONALIZED AUTO INSURANCE PRICING

    Mar 30, 2020

    Allstate has done it again. The forward-thinking, tech-savvy firm has become the first insurer to offer auto insurance pricing that fluctuates from week-to-week. This new option, referred to as personalized pricing, is the latest iteration of Allstate’s popular Milewise pay-per-mile insurance ...

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    GENSTAR CAPITAL BACKS FORMATION OF NEW INSURANCE COMPANY

    Mar 30, 2020

    Private-equity firm Genstar Capital has announced that it has partnered with insurance industry executives to establish Obsidian Insurance Holdings, a new fronting insurance holding company, with $100 million of capital. Obsidian’s insurance carrier subsidiary, Obsidian Insurance Company, has ...

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    US INSURERS FACE POLITICAL PRESSURE TO PAY OUT FOR PANDEMIC-RELATED CLAIMS

    Mar 27, 2020

    Insurance companies are being pressured by the federal government to pay for the massive influx of business interruption insurance claims filed in the wake of the COVID-19 pandemic – something the industry is worried could lead to not just insolvencies, but the destabilization of the entire ec...

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    CHUBB ALLEGEDLY HIT BY INFAMOUS CYBERATTACK

    Mar 27, 2020

    The hackers responsible for the Maze ransomware have claimed that they have hit major insurance company Chubb. The cyberattackers posted news of the attack on their website, claiming that they managed to encrypt devices on Chubb’s network this month. Bleeping Computer reported that as part of ...

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    US HEALTH INSURERS STRUGGLE TO COPE WITH THE PANDEMIC'S CHALLENGES

    Mar 27, 2020

    While states, municipalities, and even hospitals were quick to respond to COVID-19, private health insurers have been slow to adapt to the challenges posed by the coronavirus – particularly when it comes to supporting telemedicine, it has been suggested. Telemedicine allows healthcare centers ...

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    NATIONAL INSURANCE CRIME BUREAU LAUNCHES ONLINE CORONAVIRUS FRAUD RESOURCE

    Mar 26, 2020

    After detecting an influx of insurance fraud cases tied to the recent COVID-19 outbreak, the National Insurance Crime Bureau (NICB) has created a new page on its website to serve as a resource to inform the public about these scams. The new “NICB COVID-19 Resource Center” hosts the lates...

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    MORE COMPANIES PURCHASING CYBER INSURANCE – MARSH

    Mar 26, 2020

    More and more businesses are purchasing cyber insurance, according to a new report by Marsh. Forty-two per cent (42%) of Marsh’s US-based clients purchased cyber insurance last year, up from 38% in 2018 and more than double the number of companies that purchased cyber coverage in 2014, accordi...

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    WILLIS TOWERS WATSON LAUNCHES NEW COVID-19 TRACKING FEATURE

    Mar 26, 2020

    Willis Towers Watson has introduced a new risk-and-analytics feature that enables risk managers to assess their coronavirus (COVID-19) property exposure in real-time, providing them with real-time developments of the pandemic set against their property assets around the world. The new feature provid...

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SPOTLIGHT

Healthcare is one of the top issues voters want President-elect Trump to focus on in his first year in office. Making prescription drugs more affordable is the number one policy priority while the replacement of the Affordable Care Act is completely on the table.

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