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Business Insurance - _Risk Management
Ryan Specialty reports jump in first-quarter revenue Ryan Specialty Holdings Inc. Thursday reported $552 million in revenue for the first quarter, a 20.6% increase over last year’s first quarter, as the excess and surplus lines insurance market continued to attract business.
POSTED MAY 02, 2024 5:54 PM |
Insured losses from late April convective storms expected to hit $1 billion Insured losses from severe convective storm outbreaks that hit the central U.S. April 25-28 are expected to reach $1 billion, according to a report Wednesday from Gallagher Re, the reinsurance unit of Arthur J. Gallagher & Co.
POSTED MAY 02, 2024 2:31 PM |
AI-centered businesses make up quarter of Q1 insurtech deals More than one-fourth of first-quarter insurtech deals involved AI-centered businesses as overall insurtech funding declined 34.3% from first-quarter 2023 to $912.3 million, according to a report Thursday from Gallagher Re, the reinsurance business of Arthur J. Gallagher & Co.
POSTED MAY 02, 2024 1:39 PM |
Lloyd’s insurers expect moderate Baltimore bridge claims Lloyd’s of London insurers Hiscox and Lancashire said Thursday they do not expect large insurance claims from the collapse of Baltimore’s Francis Scott Key Bridge in March.
POSTED MAY 02, 2024 1:21 PM |
Facebook doesn’t ‘like’ this, obviously Scrolling Facebook — deemed a time-sucking addictive for many people — could be a thing of the past if one could just “unfollow everything.” Oh, life could be a dream without that endless stream of posts, photos and videos that keep us scrolling.
POSTED MAY 02, 2024 1:08 PM |
News Archives - Insurance Journal
M4.1 Earthquake Shook Parts of Los Angeles Area: USGS A magnitude 4.1 earthquake shook parts of the Los Angeles Area, including the cities of Corona, Anaheim, and Santa Ana on at 1:49 p.m. local time on the afternoon of Wednesday, the USGS confirmed. The epicenter was in the Santa …
POSTED MAY 02, 2024 8:31 PM |
UnitedHealth Hack Put Data of One in Three Americans at Risk UnitedHealth Group Inc. Chief Executive Officer Andrew Witty told lawmakers his company is still trying to determine why its computer systems were left vulnerable to hackers who perpetrated a devastating cyberattack. Lawmakers zeroed in on lax defenses during more than …
POSTED MAY 02, 2024 5:28 PM |
PCF Insurance Acquires Georgia, Texas Brokerages PCF Insurance Services, an insurance brokerage operating in 40 states, has acquired All Star Insurance in Venus, Texas, and Encore Advisors, based in Norcross, Georgia. Utah-based PCF said in a news release this week that the moves mark an ongoing …
POSTED MAY 02, 2024 4:46 PM |
‘Car Wreck Clyde’ Attorney in Texas Charged with Skimming $2.4M from Settlements A Houston plaintiffs’ attorney known as “Car Wreck Clyde” is awaiting court proceedings after being charged with skimming as much as $2.4 million in client settlement proceeds over the past decade, federal prosecutors said. Clyde J. Moore, 62, and his …
POSTED MAY 02, 2024 4:13 PM |
Texas Lawmakers Fault Xcel Power Pole in State’s Largest Fire The worst wildfire in Texas history was sparked by a power pole and lines owned by Xcel Energy Inc. that hadn’t been effectively maintained or replaced, according to a state legislative committee report. The pole identified as the cause of …
POSTED MAY 02, 2024 3:13 PM |
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