[ad_1] Max Dorfman, Research Writer, Triple-I Florida took center stage at JIF 2022, with a panel of panelists discussing growing court costs and an increase in legal system corruption. “Legal system abuse is a combination of factors, including social inflation, nuclear verdicts, third-party litigation funding, tort reform rollbacks, cost-shifting programs, and attorney advertising,” said Rona … Read more
[ad_1] Insurance companies must also become increasingly involved in the management of AI systems in the face of increasing regulatory pressure. Every organization must have an AI governance platform to avoid the risk of violating privacy and data protection laws, engaging in bias or discrimination or unfair practices. “Once such regulation or legislation is enacted, … Read more
[ad_1] FM GlobalThe company, a commercial property insurer and leader in loss prevention and business continuity, has released its latest ratings and outlook from Fitch Ratings and S&P Global Ratings. FM Global’s ratings from Fitch There is FM Global It has received a financial strength rating of “AA” (Very Strong). and Fitch’s “fixed” outlook. Fitch’s … Read more
[ad_1] Jennifer Santiago (pictured above) was sworn in as president of RIMS, the international risk management association, earlier this year. Santiago holds RIMS-CRMP, ARM, and MBA designations, and is co-owner of Wakefern Food Corp., America’s largest retailer. He is Director of Risk Management and Security at He has been a member of RIMS for 15 … Read more
[ad_1] The global broker’s brokerage segment expects 2022 net income of $1.2 billion (adjusted: $1.8 billion), up from $1 billion a year earlier. In the risk management segment, net revenue was US$115.8 million (adjusted: US$120 million), rebounding to $89.5 million in 2021. The Net loss in its corporate segment Increased from $151.1 million in 2021 … Read more
[ad_1] “Over the past 25 years with Swiss Re, Thierry has made a huge contribution to many areas of our business, from reinsurance to the former Life Capital business unit, to group underwriting” The Chief Executive commented During his colleagueship at Swiss Re. “Since his appointment as Group CUO in 2020, he has successfully built … Read more
[ad_1] Kristen Gunter joins Alliant Insurance Services in Los Angeles with a diverse background in employee benefits, insurance, compliance and administrative outsourcing. #Alliant Insurance #Employee Benefits https://t.co/PbIBE46IG8 pic.twitter.com/x320I8P1RJ — Alliant Insurance (@AlliantIns) January 25, 2023 Gunter brings more than two decades of industry experience to his new role, having served as senior vice president … Read more
[ad_1] Risk Strategies has revealed it has acquired Florida-based insurance and risk management consultancy Tanenbaum-Harber. Terms of the deal were not disclosed. Founded in 1860, Miramar, FL-based Tanenbaum-Harber is one of the largest independent retail companies operating in South Florida. A step freedomRisk Strategies acquired not only Tanenbaum-Harber of Florida, but also the assets of … Read more
[ad_1] “Increased capacity softened the market and created an imbalance between demand and supply for reinsurance,” Ladd said. “Reinsurers, in general, are unable to cover their cost of capital, let alone satisfy both shareholder expectations and generate new capital to support customers’ needs.” Mitchell added that terms and conditions have “deteriorated dramatically” over the past … Read more
[ad_1] Auto theft cases surrounding Hyundai and Kia cars have become more severe, too The National Insurance Crime Bureau recently filed a petition against YouTube To take video tutorials showing how easy it is to hack cars. With theft cases still on the rise, both Progressive and State Farm have begun denying insurance coverage for … Read more