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Pool Re Forms Specialist Unit to Help U.K. Insurers Build Terrorism Risk Resilience
Pool Re, Britain’s government-backed terrorism reinsurer, has launched of Pool Re “Solutions,” a specialist unit created to support its member insurers and their policyholders by sharing the understanding and partnerships it has established over 25 years of reinsuring terrorism risk. …

POSTED NOVEMBER 12, 2019 2:26 PM
Startup Zego Becomes 1st U.K. Insurtech to Get Insurance License
Zego has become the first ever U.K. insurtech to be awarded its own insurance license, which will enable it to build and sell its own products. While Zego will still work in tandem with its growing network of insurer partners, …

POSTED NOVEMBER 12, 2019 1:59 PM
What to Expect in Commercial Insurance Market Conditions Heading Into 2020
Ongoing rate increases and reductions in capacity are taking shape in most property/casualty commercial lines in the fourth—and for some, will continue into the new year, according to a recent report from broker USI Insurance Services. Only one line—loss sensitive …

POSTED NOVEMBER 12, 2019 1:43 PM
Insurance Council of Australia Declares Catastrophe for New South Wales Bushfires
The Insurance Council of Australia (ICA) on Nov. 9 declared a catastrophe for the bushfires blazing in northern New South Wales. The catastrophe declaration is for communities on the mid-north coast affected by bushfires that have reportedly destroyed more than …

POSTED NOVEMBER 12, 2019 1:39 PM
New Jersey Man Sentenced in Slip and Fall Insurance Scam
A New Jersey man is not going to prison for orchestrating a slip and fall insurance scam. Under terms of a plea agreement, a judge on Monday instead sentenced 58-year-old Alexander Goldinsky to probation, community service and ordered him to …

POSTED NOVEMBER 12, 2019 12:58 PM

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