Satellite Agency Network Group, Inc. (SAN), the leading alliance of independent insurance agencies in the Northeast, is pleased to announce that Foursurance Agency, LLC of Clifton Park, New York has joined the alliance. Foursurance is a full-service insurance agency specializing in auto, home, life, business and retirement products. The office is centrally located between Albany… Continue reading Foursurance Agency, LLC Joins SAN Group
Author: Farkas Laura
Zurich Reports 25% Rise in 1H 2022 Operating Profit
Zurich Insurance Group reported the highest first-half business operating profit since 2008 and the second highest ever, with all regions and business lines contributing to the successful results. Group Chief Executive Officer Mario Greco said: “We are on track to beat all our targets for the second successive three-year cycle. This is particularly remarkable because… Continue reading Zurich Reports 25% Rise in 1H 2022 Operating Profit
SMEs Have a Long Way to Go to Get Cyber-Protected: Corvus-Blackberry Survey
MGA Corvus and Blackberry partnered on a survey to learn more about how small and medium enterprises view cyber insurance and solutions like endpoint detection and response (EDR). The biggest takeaways: SMEs still have a long way to go in getting properly insured for cyberattacks. The survey found that only 55 percent of respondents currently… Continue reading SMEs Have a Long Way to Go to Get Cyber-Protected: Corvus-Blackberry Survey
Survey Says: 72% of Young Homeowners Expect Climate Change-Related Extreme Weather to Damage Their Homes in Next 30 Years
According to a new survey conducted by insurtech leader Policygenius, there is widespread concern about climate change-related extreme weather, particularly among young homeowners. Nearly three-quarters (72%) of young insured homeowners (ages 18 to 34) in the survey expect extreme weather to damage their homes in the next 30 years (describing it as very or somewhat… Continue reading Survey Says: 72% of Young Homeowners Expect Climate Change-Related Extreme Weather to Damage Their Homes in Next 30 Years
Jenna Klein Joins Alliant Insurance Services in Chicago
Veteran employee benefits consultant Jenna Klein has joined Alliant Insurance Services as Vice President within its Employee Benefits Group. Based in Chicago, Klein will design and deploy a full range of employee benefits solutions to a diverse portfolio of regional and national clients. “Jenna brings a broad skillset and distinguished track record of providing innovative,… Continue reading Jenna Klein Joins Alliant Insurance Services in Chicago
Industries Fight Heat Safeguards for Workers as Temps Rise
Sandra Ascencio has seen her fair share of misery in the nearly two decades she has worked in South Florida’s plant nurseries, baking under greenhouse plastic covers. She recalls seeing a coworker’s body crumpled in the parking lot several years ago as paramedics attempted to revive her. According to Ascencio, the woman suffered from asthma… Continue reading Industries Fight Heat Safeguards for Workers as Temps Rise
Despite 2Q Loss, Lemonade Shares Surge
Insurtech company Lemonade posted another high loss in the past quarter, but with one billion dollars in cash and a promise to freeze investments in new projects, investors recognize a light at the end of the tunnel. The company published on Tuesday its results for the second quarter of 2022 and stated that “in the… Continue reading Despite 2Q Loss, Lemonade Shares Surge
Reinsurance M&A Stalls Amid Macroeconomic Risks, Volatile Claims
According to Fitch Ratings, M&A transactions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses linked to climate change. We expect reinsurers to prioritize pricing, risk management and organic growth rather than M&A as they contend with the implications of the economic slowdown, high… Continue reading Reinsurance M&A Stalls Amid Macroeconomic Risks, Volatile Claims
Tennessee Establishes Captive to Insure State Property Risks
With a focus on fiscal responsibility, the State of Tennessee has established the Tennessee Captive Insurance Company to create additional efficiencies and savings when insuring state property. Administered by the Tennessee Department of Treasury, Division of Claims and Risk Management, the State of Tennessee is self-insured for property and general liability. This covers all state-owned… Continue reading Tennessee Establishes Captive to Insure State Property Risks
Tangram Insurance Services Acquires New Empire Entertainment Insurance
Tangram Insurance Services, Inc., one of the largest independent managing general underwriters and program managers in the United States, acquired Los Angeles-based New Empire Entertainment Insurance effective August 1, 2022. New Empire is a leading insurance agency specializing in the entertainment industry. Since 2008, the New Empire team has helped thousands of production companies and… Continue reading Tangram Insurance Services Acquires New Empire Entertainment Insurance