Alliant has added Tom Coyne as Senior Vice President within its Employee Benefits Group. The longtime consultant will create customized employee benefits solutions for a diverse portfolio of clients throughout the Mid-South/Northeast regions and across the U.S. “Tom is highly regarded for his ability to design and deliver strategic solutions that accelerate growth and improve… Continue reading Tom Coyne Joins Alliant’s Employee Benefits Group
Author: Farkas Laura
Florida Hurricane Fund Reform Could Save Insurance Customers $1B Yearly, Backers Say
Florida home insurance customers could get a substantial break from rising rates — saving about $150 a year — if they no longer had to pay into the state’s hurricane insurance reserve fund and if insurance companies could access those reserves more easily — with fewer overall claims losses. Reforms proposed in the state Legislature… Continue reading Florida Hurricane Fund Reform Could Save Insurance Customers $1B Yearly, Backers Say
NFIP Sees Reinsurance Partnerships as Mutually Beneficial
The Federal Emergency Management Agency’s (FEMA) National Flood Insurance Program (NFIP) in the United States is eager to continue collaborating with the private sector to help close the country’s flood protection gap, and it has asked its reinsurance partners to encourage clients to investigate flood risk. “We want to continue to work with the private… Continue reading NFIP Sees Reinsurance Partnerships as Mutually Beneficial
Startup Sells Insurance Coverage for Cloud Outages
With more businesses and consumers relying on cloud computing, even a temporary service disruption can have far-reaching consequences, potentially shutting down services, wreaking havoc on e-commerce operations, and causing businesses’ reputations to suffer. One company, New York-based Parametrix Insurance Services LLC, is focusing on businesses that have experienced a cloud outage. When a business’s cloud-computing… Continue reading Startup Sells Insurance Coverage for Cloud Outages
44% of Home-Business Owners Don’t Have Commercial Insurance
AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited has published new research that reveals there is more that insurance companies and agents can be doing to help home-based businesses to thrive and protect themselves from risk. Launching a start-up from home has become increasingly attractive to millions of Americans, with home-based… Continue reading 44% of Home-Business Owners Don’t Have Commercial Insurance
Data-fueled Insurance Platform Accelerant Announces Growth Funding Round in Excess of $190M
Accelerant, the insurtech empowering underwriters with superior risk exchange and data analytics coupled with long-term capacity commitments, today announced it has raised in excess of $190 million at a $2 billion pre-money valuation led by Eldridge, with participation from Deer Park, Marshall Wace, MS&AD Ventures, and others. Existing majority investor Altamont Capital Partners also participated… Continue reading Data-fueled Insurance Platform Accelerant Announces Growth Funding Round in Excess of $190M
Gallagher Sees Renewal Premiums Top 8% in Q4 2021
llinois-based Arthur J. Gallagher saw renewal premium releases go up 8% in Q4 2021, a result which the firm said was ‘broadly consistent’ with the first three quarters of the year. The firm revealed that retail renewal premiums had gone up between 7% and 9% across North America, Australia, New Zealand, and the UK. J.… Continue reading Gallagher Sees Renewal Premiums Top 8% in Q4 2021
FL Senate Moves Bill to Require Statewide Condo Inspections
Florida legislators began work on updating the state’s condominium regulations in response to the Champlain Towers South collapse as a Senate committee advanced a bill Tuesday to impose inspection requirements statewide, including stricter standards for buildings near the coastline. The measure, SB 1702, was unanimously approved by the Senate Community Affairs Committee and is… Continue reading FL Senate Moves Bill to Require Statewide Condo Inspections
Norman-Spencer Launches Real Estate E&O Risk Purchasing Group with The Hanover Insurance Group
Norman-Spencer, a leader in the insurance industry since 1988, enhances its current real estate errors & omissions (E&O) program by creating an exclusive Risk Purchasing Group (RPG) with The Hanover Insurance Group. This new program provides RPG members with the buying power of Norman-Spencer’s real estate professionals. It delivers competitive rates and risk management advantages… Continue reading Norman-Spencer Launches Real Estate E&O Risk Purchasing Group with The Hanover Insurance Group
What Gen Z Wants from Fintech
Generation Z has no concept of a world without mobile banking. As a result, financial technology firms face both opportunities and challenges. Millennials helped usher in the modern era of financial technology by adopting payment apps like Venmo and investing platforms like Robinhood and Acorns. However, Generation Z grew up immersed in technology, and they… Continue reading What Gen Z Wants from Fintech