00:01 Insurance Business TV recently attended the 25th annual TMPAA Annual Summit in Scottsdale. While there, we met with leading insurance professionals to address some of the top challenges facing the industry today. 00:17 I’m here with Matthew Jones, head of business development and transparency ventures as MS Transfer. 00:26 The special events market is…
Role of reinsurance, retrocession and pricing in net losses The report explains how risk transfer and catastrophe pricing shape net risk. The 50 insurers with the largest natural catastrophe exposures face a combined aggregate risk of approximately $430 billion under a 1-250-year event. After reinsurance and retrocession, the average exposure reduces from about 34% of…
The dispute concerns the grounding of the tank vessel T/V Margara in Puerto Rican waters, an incident that posed a significant risk of oil spillage and damage to coral reefs and related marine resources. The United States, acting on behalf of the Coast Guard and the National Oceanic and Atmospheric Administration, filed suit under the…
As per paragraph 20 of the policy, the producers took the dispute to arbitration. According to the complaint, the arbitrator’s amended decision found that each plaintiff filed its own FSA-578 forms, kept its own tobacco contracts, sales receipts and soybean receipts, and signed its own assignments of indemnity. The arbitrator also found that Hudson “did…
In the US, Zurich North America has underwritten TrustedPulse since 2019, a Marsh-created program that targets more than 183 million cats and dogs and is delivered directly, through Affinity, and through employer-sponsored voluntary benefits programs operated by Mercer. In Germany, Zurich’s direct-to-consumer arm DA Direct launched the Petolo brand with telemedicine in 2021; The platform’s…
Since 2019, State Farm has invested in 26 venture-backed companies with a clear concentration in automotive and insurance technology. Automotive-focused firms alone account for about 37% of total venture-linked funding, while insurance technology adds an additional $420 million. This strategy accelerated in 2023, when 90% of companies mutually developed auto and insurance platforms, including autonomous…
The auto insurer laid out its case in a federal lawsuit filed on May 5, 2026, in the U.S. District Court for the Southern District of Florida. The defendants are Adrian Sagman, a licensed chiropractor; His practice, Adrian Sagman, DC, PA, which does business as Miramar Medical Center; and a second entity he owns, Dorsal…
Oculus Underwriters focuses on specialized property insurance solutions for the small to medium-sized commercial market. Its book of business and underwriting capabilities will transfer to Vicco, expanding Vicco’s reach in that region and adding further specialized expertise in tailored commercial property programs. The company currently provides property solutions in the lower 48 states across the…
The auto insurer laid out its case in a federal lawsuit filed on May 5, 2026, in the U.S. District Court for the Southern District of Florida. The defendants are Adrian Sagman, a licensed chiropractor; His practice, Adrian Sagman, DC, PA, which does business as Miramar Medical Center; and a second entity he owns, Dorsal…
Five Allstate entities have been named as plaintiffs against more than a dozen defendants. According to the filing, the artists include Rogers Park, Surgery Center’s current and former owners Narjeesha Tawfiq and Mohammed Sirajuddin (also known as Mohammed Siraj), Peterson Surgery Center LLC (now doing business as Rogers Park Surgery Center), chiropractor Manish D. Pandya,…
