Rhodian Group Partners with Renaissance Alliance Rhodian Group — a provider of managed IT and cybersecurity services to the insurance, banking, healthcare, private equity, and other industries — has partnered with Renaissance Alliance to provide cybersecurity, managed IT, and compliance services to Renaissance member agencies. “This partnership is another indication of our commitment to the […]
An underwriting team that is widely recognized as leaders in the Transaction Liability Insurance (“TLI”) industry is pleased to announce the launch of Sands Point Risk (“Sands Point’’ or “the Company”). Sands Point is a managing general agent (“MGA”) focused on supporting expanded opportunities across financial and property and casualty insurance lines. With its flagship […]
Despite Law Enforcement Stopping Significant Q4 Activity, 2023 Ransomware Incidents Still Surpass 2022 by Nearly 70 Percent and Active Ransomware Gangs Grow by 34 Percent Corvus Insurance, the leading cyber underwriter powered by a proprietary AI-driven cyber risk platform, has released its Q4 2023 Ransomware Report. Featuring data collected from ransomware leak sites, the report […]
Active Insurance Provider to Expand Cyber Offering to Include MPL by Endorsement Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, today announced it now offers Miscellaneous Professional Liability (MPL) Insurance. This coverage helps protect against the impact of a claim that a business committed errors and omissions in […]
Insurers outsourcing investment management reported lower levels of concern with key portfolio challenges 62% of U.S. P&C/life insurers expect to add investment risk in 2024 · 51% expect their allocations to private assets will be at least 20% in the next two years · Three in four insurers using or piloting AI in investment process […]
Simplifying and streamlining claims payments for an unparalleled customer and contractor experience CFM Insurance (CFM) has entered a new era in property claims payments with a successful implementation of sureti, a disbursement platform purpose-built for property claims. This strategic implementation positions CFM to offer its policyholders a completely paperless and lenderless settlement experience, setting a […]
Injured by an Aircraft Fuselage Arose Out of Ownership of Aircraft A woman was severely injured while moving an inoperable airplane. She now seeks to recover from her husband’s homeowner’s insurance policy. The insurance policy excludes injuries “arising out of” the ownership, maintenance, use, loading or unloading of an aircraft. The policy further defines “aircraft” […]
How to Put Fear of Insolvency Into a Defendant For more than fifty six years working in and about the insurance industry I For more than fifty six years working in and about the insurance industry I have personally seen the fear in the faces of corporate executives faced with a suit claiming wrongful conduct […]
Total Pollution Exclusions The Pollution exclusion often found in policies that are the subject of dispute provides: It is agreed that this policy does not apply to liability for personal injury or property damage arising out of the discharge, dispersal, release, escape, or seepage of smoke, vapors, soot, fumes, acids, alkalis, toxic chemicals, liquids or […]
By Sue C. Quimby, CPCU, AU, CIC, CPIW, DAE – Vice President/Media Editor Insurance policies contain conditions for how and when claims must be submitted. There are also state requirements and timeframes for filing claims. Statutes of limitation determine the maximum time for bringing causes of action or lawsuits after an event. Some statutes, […]
A Beacon International Group, Ltd. Member
