Further Supports BIGN’s Innovative Approach to Risk Management Solutions CINCINNATI, July 15, 2024–(BUSINESS WIRE)–BOSS Bonds Insurance Agency, a subsidiary of General Indemnity Group (GIG), announced today a partnership with The Beyond Insurance Global Network (BIGN) to deploy BOSS Bonds’ industry leading SuretyBonds.Market (SBM) platform. Beyond Insurance was founded in 2007 with a focus on a
Global specialty insurer, Mosaic Insurance, has announced a restructure of roles across its underwriting and operational teams, in a move that is anticipated to drive growth within its agency business, effective immediately. This includes, Liam Jones becoming Agency CEO, where he will oversee strategic vision, growth, profitability, and operational excellence of the specialty insurers agency
Some insurance companies may have to make a change to how they settle certain kinds of home damage claims in Michigan next year. In many cases, insurance companies pay actual replacement costs for property damage claims. But if the homeowner decides to take what’s called Actual Cash Value instead, the company often depreciates or discounts
The dilemma in today’s labor market is real. In 2023, the U.S. labor market had 9.5 million unfilled jobs. Yet there were just 6.5 million unemployed workers, according to the U.S. Chamber of Commerce. If every unemployed person found a position tomorrow, there would still be over two million open positions. Finding talent today is
The risk of fire is devastating, leaving behind not only material losses but often human lives as well. Precautionary measures like checking electrical safety, handling flammable liquids or aerosol cans with care, and installing smoke detectors and fire alarms are indeed good investments. However, fire sometimes occurs in places we cannot monitor or control, making
By L.S. Howard A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes, underwriting and customer fulfilment, according to a survey conducted by Gallagher Bassett, the claims-services provider and subsidiary of Arthur J. Gallagher & Co. The survey found that insurers in 2024 are placing
By Chad Hemenway According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a “stable” outlook despite a stall in premium growth. Analysts at AM Best issued a segment outlook and report in late June, and said the cyber market in 2023 was essentially flat following a
Nick Tye is the founder and CEO of Carbon Underwriting. His leadership approach fosters a culture of collaboration and innovation, developing an environment where creativity thrives. Laser focused on merging technology and expertise to drive results, Nick’s role at Carbon is the culmination of over two decades in insurance, marked by leveraging his actuarial background
BATON ROUGE, La. (BRPROUD) — On This Week in Louisiana Politics, Louisiana lawmakers are trying to drill down the main reasons why auto insurance rates are so much higher than in other states. The state Speaker of the House wants to find an agreement to put together a package of bills. A new law is
JACKSON, Miss. (WJTV) – A nonprofit representing health insurance companies asserts that recent legislation regulating reimbursements for ambulance services is unconstitutional. The Mississippi Association of Health Plans (MAHP) sued to block the Mississippi Insurance Department (MID) from enforcing House Bill 1489. Among other things, it mandates insurance companies to provide payment to ambulance services for certain