News Center
News – Insurance Journal
Viewpoint: Cyber Insurance Policies Are Challenging to Underwrite. AI Can Help.
Advancements in artificial intelligence are in many ways a double-edged sword for the cyber insurance industry. Increasingly diverse and sophisticated cyber attacks have dramatically increased the demand for cyber coverage, offering a lucrative opportunity for insurers to capitalize upon. However, …
POSTED JANUARY 20, 2021 11:00 AM |
AXA in Talks to Sell Singapore Unit Which Could Raise $700 Million
HSBC Holdings Plc and Malayan Banking Bhd.’s insurance venture are among shortlisted bidders for AXA SA’s business in Singapore, which could raise about $700 million in a sale, according to people familiar with the matter. The British bank and Etiqa, …
POSTED JANUARY 20, 2021 10:42 AM |
Kentucky High Court Orders Online Poker Site to Pay State $1B for Illegal Gambling
The Kentucky Supreme Court ruled last month that an online poker company must pay more than $1 billion to the state for illegal gambling losses in a court battle that began a decade ago. The ruling from the state’s high …
POSTED JANUARY 20, 2021 8:16 AM |
INSUREtrust Makes Multiple Personnel Changes After Merger
Atlanta-based INSUREtrust has announced multiple additions and promotions to its Atlanta team. The company, which was just acquired by Constellation Affiliated Partners, has added Beck Heigl as an account manager. Before INSUREtrust, Heigl was an estimator for a property restoration …
POSTED JANUARY 20, 2021 8:09 AM |
Tennessee Touts 2020 Growth of Insurance Industry, Consumer Efforts
The Tennessee Department of Commerce & Insurance (TDCI) has located and returned more than $22.8 million to Tennesseans in combinedlife insurance benefits/annuities and monies through its mediation efforts in 2020. TDCI’s figures show: $10,164,747 was returned to Tennessee consumers last …
POSTED JANUARY 20, 2021 8:05 AM |
Bearley Promoted to President of Great American’s P/C Group Bond Unit
Cincinnati, Ohio-based Great American Insurance Group has promoted Kenneth (Ken) R. Bearley to divisional president within its Property/Casualty Group’s Bond Division. Bearley joined Great American in 1994 as an underwriter in the Bond Division’s Pittsburgh office. He became a bond …
POSTED JANUARY 20, 2021 6:43 AM |
Brown & Riding in California Names Nam CFO
Brown & Riding has named Harold Nam chief financial officer. Nam joined Brown & Riding in 2008 as a staff accountant. Since joining the firm, he has ascended to positions of increased responsibility. Brown & Riding is a wholesale insurance …
POSTED JANUARY 20, 2021 6:00 AM |
Safety Agency Orders Ford to Recall 3 Million Vehicles Over Takata Air Bags
The U.S. auto safety regulator said on Tuesday it would require Ford Motor Co. to recall 3 million vehicles with potentially defective Takata air bags, rejecting a bid by the second-largest U.S. automaker to avoid calling them back. The National …
POSTED JANUARY 20, 2021 6:00 AM |
Supreme Court Hears Baltimore’s Climate Change Damages Claim Against Energy Firms
The U.S. Supreme Court on Tuesday grappled with a dispute that one justice called a “close call” over a lawsuit filed by the city of Baltimore against energy companies seeking monetary damages due to the impact of global climate change. …
POSTED JANUARY 20, 2021 6:00 AM |
Specialty Insurer Hallmark Financial CEO Anand Resigns; AM Best Maintains ‘A-‘ Rating
AM Best announced that it would not change the “A-” financial strength ratings of the members of Dallas-based specialty insurer Hallmark Insurance Group nor the “bbb-” long-term issue credit rating of Hallmark Financial Services, after Hallmark Financial announced its chief …
POSTED JANUARY 20, 2021 6:00 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Augustine Insurance & Financial Services, Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|