Gilsbar promotes 17-year veteran to lead employee benefits division
Colin Shea’s internal rise at the Louisiana firm reflects what employers now demand from their benefits advisors
Insurance News
Ga. Commissioner’s Office Investigating as Six Flags Closes 10 Rides After Fatality
Six Flags Entertainment Corp. has temporarily closed 10 rides at seven of its amusement parks, and the Georgia insurance commissioner’s office and local police are investigating after a man fell
Fairfax to Buy IDBI for $5.6 Billion in Biggest India Bank Deal
Canadian billionaire Prem Watsa’s Fairfax Financial Holdings Ltd. will acquire a stake in IDBI Bank Ltd. for 528.78 billion rupees ($5.6 billion), making it the biggest foreign investment in Ind
Insurers pressed to “manage down” climate numbers, insiders warn, as US non-renewals top two million
A memo from senior underwriters, reinsurers and brokers describes a quiet retreat from climate risk
Manulife launches enterprise AI platform as it targets $1 billion in value by 2027
Approved AI tools can be reused across markets, starting with a US quoting tool that speeds preliminary life underwriting
Porch Group acquires Allied Trust in $200M deal
Louisiana entry marks Porch’s first acquisition under its policyholder-owned reciprocal structure
People Moves: WTW Names Beaton Dir. of ICT Underwriting; Parametrix Hires Stephens to Lead US Underwriting; Gaffigan Heads Lockton US Casualty
WTW appointed Darrel Beaton as director of underwriting within the company’s Insurance Consulting and Technology (ICT) business. WTW’s ICT business is a global leader in P/C, life, and hea
McLarens’ Nathan Baran swaps Sydney for Singapore, named regional loss adjuster
McLarens has appointed Nathan Baran as regional loss adjuster, based in Singapore, according to a LinkedIn post. Baran has relocated from Sydney, where he was most recently an executive liability loss
Why AI adoption will split wholesale brokers into winners and losers
Clayton Fuchs, of QuoteWell, on automating submissions and guarding against AI-to-AI risk
AI Models May Soon Self-Replicate Across Smart-Home Devices, Anthropic Warns
Anthropic said small AI models could be months away from self-replicating across internet-connected devices, raising the possibility of AI botnets spreading quickly, fighting takedown attempts and eve
Demographic changes to shrink Canada's workforce: Bank of Canada
‘Businesses need to understand it to develop new markets and products, invest in productivity-enhancing technology and help their workers gain skills for the future’
U.S. Fire loses $50K appeal over missing ankle monitor
One skipped ankle monitor turned a $50K bond into a total loss
What's next for Fortegra?
Chairman and CEO on the firm's next chapter following its acquisition
Gallagher Specialty eyes Hong Kong, South Korea, Thailand as it bids to be ‘market disruptor’
Gallagher Specialty is targeting further expansion across Asia, with Hong Kong, South Korea and Thailand identified as markets offering significant upside, Asia CEO Adam Sullivan told InsuranceAsia Ne
The Hartford closes Equitable benefits deal, adding $500M in premium and a benefits platform
The Hartford acquires Equitable Holdings’ employee benefits unit as the carrier race for SME scale and benefits administration technology intensifies
Frankenmuth Now Writing Commercial Insurance in Virginia
Super regional carrier Frankenmuth Insurance announced that it began expanding into Virginia late last year. Frankenmuth is now writing all commercial insurance lines for small businesses, mid-sized c
Zurich taps Scott Yin as China unit CEO
Zurich Insurance has named Scott Yin as CEO of its China unit, according to a statement on Wednesday. Shanghai-based Yin, who has been appointed as CEO of Zurich China, pending regulatory approval, re
Alleged DNA theft from a water bottle: punitive damages reversed
A deposition, a water bottle, and a DNA sample no one was supposed to take
Europe’s Insurers Cut Coverage of Weather Losses, Report Says
Insurers are withdrawing coverage for climate-driven risks and increasingly passing on losses to governments and homeowners, according to a report published by UK-based nonprofit Inside Track. The war
ACA subsidies halted for 189,000 enrollees in duplicate coverage
Administration says this will save $738 million in payments
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