Browsing: Business Insurance

Tabit Insurance becomes the first P&C insurer to hold all regulatory reserves in BTC, leveraging crypto liquidity for USD risk transfer.

New legislation in North Dakota is shifting the focus to digital communication, increasing compliance requirements for insurance producers and adjusters.

Angela Lee of Marsh McLennan Agency (MMA) discusses the insurance industry’s workforce challenges and the need for an inclusive approach to attract and retain talent.

WTW’s Jim Dunlap and Lockton’s Chase Johnson discuss current capacity, risk assessment, and market predictions for construction insurance.

Lemonade’s CEO, Dan Schreiber, discussed the evolving role of AI in the insurance industry, critiquing State Farm’s 2018 ad campaign that mocked AI chatbots.

Angela Lee, a national claims director at Marsh McLennan Agency (MMA), discusses the insurance industry’s workforce challenges and the importance of diversity and inclusion.

A subsidiary of Travelers Cos. Inc., Charter Oak Fire Insurance Co., has been sued over its denial of a hail damage claim. The policyholder is now seeking to compel an appraisal process.

Palomar Holdings, Inc. has announced the acquisition of Advanced AgProtection (AAP), a Texas-based managing general agent (MGA) specializing in crop insurance. This strategic move follows a two-year partnership and marks a significant expansion of Palomar’s presence in the growing crop insurance market.

Marsh has announced the appointment of Adam Russell as the head of global wholesale, effective immediately. This strategic move aims to enhance placement services and expand global client access.

The Oregon Court of Appeals ruled that attorney fees in an insurance settlement should be based on hours worked, not a percentage of the policyholder’s recovery.