[ad_1] Vesttoo alleges ‘systemic misconduct’ by former CEO, execs | Insurance Business America Insurance News Vesttoo alleges ‘systemic misconduct’ by former CEO, execs Insurtech claims to have unearthed ‘conspiracy’ following fraud investigation Insurance News By David Saric Insurtech Vesttoo, which has faced turbulence since it emerged that alleged fraudulent letters of credit (LOCs) had been … Read more
[ad_1] Cultivating trust in an increasingly digitalized world | Insurance Business America Risk Management News Cultivating trust in an increasingly digitalized world “It’s not just about efficiency; it’s also about being responsible and transparent along the journey” Risk Management News By Kenneth Araullo In an increasingly digitalized world, the concept of trust becomes more prevalent, … Read more
[ad_1] Catastrophe bond issuance will reach new heights in 2023, with more than $15 billion of full-year issuance forecast by broker Aon, according to senior executive Mike Van Slooten.Mike Van Slooten, Head of Business Intelligence for Aon’s Reinsurance Solutions division, was speaking today during a briefing held in advance of the 2023 Monte Carlo Rendez-Vous … Read more
[ad_1] Published on September 7, 2023 Open Enrollment for 2024 Marketplace health plans starts November 1. Don’t lose out on valuable health insurance information and deadline reminders this fall by connecting with the Marketplace today. 3 quick & easy ways to connect Take a few minutes right now to stay in the loop. This way, … Read more
[ad_1] “Personal lines brokers are currently facing numerous challenges in the market, such as product scarcity, rate pressure, commission compression, and increased claims frequency and severity, to name just a few,” Pomeroy said. “By offering personal lines, we aim to assist retail brokers in expanding their books of business by providing insurance products that cater … Read more
[ad_1] The rebound in capital provided by the insurance-linked securities (ILS) market has become a key supply-side driver in the property catastrophe space, according to Joe Monaghan, Global Growth Leader Reinsurance Solutions at Aon.Discussing market dynamics for the reinsurance renewal and what Aon clients need to be aware of, just prior to this year’s Monte … Read more
[ad_1] PCF swoops for Florida firm | Insurance Business America Life & Health PCF swoops for Florida firm Deal strengthens broker’s health insurance offering in the state Life & Health By Ryan Smith PCF Insurance Services has announced that it has acquired Florida-based Allied Marketing Insurance Group. Terms of the transaction were not disclosed. Allied … Read more
[ad_1] Why have hurricanes Idalia and Hilary been so intense? | Insurance Business America Environmental Why have hurricanes Idalia and Hilary been so intense? Storms are deviating from historical weather events Environmental By David Saric Rising sea and ambient air temperatures have enabled recent storms, including Hurricanes Hilary and Idalia, to hold more energy for … Read more
[ad_1] What’s going on with builder’s risk? | Insurance Business America Construction & Engineering What’s going on with builder’s risk? Jeff Benson, of Victor Insurance Managers, reflects on the state of construction insurance Construction & Engineering By Insurance Business America Jeff Benson is a builder’s risk program manager at Victor Insurance Managers, a global managing … Read more
[ad_1] The investigation and audit undertaken within beleaguered insurtech Vesttoo by its board, with the help of Kroll, has now filed an initial report, saying that co-founders Yaniv Bertele and Alon Lifshitz were complicit in the fraud, as well as two execs connected to the network that found capital for the company.The company stated, “The … Read more
