News

Regulatory: Moody’s Warns on US Plans to Curb Surprise Medical Bills

Solutions put forward to resolve the problem of surprise medical bills are a growing social risk for the healthcare industry, Moody’s Investors Service says in a new report. Unexpected bills are generally received by insured […]

News

Average Travel Insurance Claim is Now £1300 – Over £400m Paid Out in 2018

The Association of British Insurers (ABI) today reveals that the average medical claim on travel insurance surpassed £1,300 for the first time ever in 2018 – reaching £1,368. Claims can easily reach the tens of […]

Global insurance trends

Global Trends: CNA Hardy Study Finds Eastern Optimism, Western Gloom

CNA Hardy’s 2019 Global Risk & Confidence Survey published recently finds that as global, interconnected risk becomes a reality, reputational risk is rising and business confidence is on the slide. Research for the latest edition of the […]

Insurance Brokers

Gallagher Buys Up Jardine Lloyd Thompson Aerospace Operations

Gallagher, a global insurance, risk management and consulting services company, today confirmed that the previously announced acquisition of Jardine Lloyd Thompson Group plc’s (JLT) global aerospace operations was completed on 1 June, 2019. The addition of JLT’s […]

InsureTech

Insurtech: Voom Secures $5m Funding for On-Demand Insurance Offer

Voom, the world’s first on-demand, telematics-based insurance platform for specialized mobility, today announced that it has emerged from stealth and closed a $5M Series A funding round. The round was led by Arbor Ventures with […]

Global insurance trends

US News: Next Insurance Now Covering 1000 Lines, Launching SME Liability

Next Insurance, the leading digital insurance company for small businesses, announced today that it now supports over 1,000 classes of business (CoBs) across the country including Contracting, Construction, Consulting, Fitness, Cleaning, Beauty, Therapy, Entertainment, Education, […]

HR & Employment

Appointments: Cal Spessard Joins Beazley as Environment Risk Specialist

Specialist insurer Beazley has hired Cal Spessard to head the team responsible for handling claims arising from the company’s fast growing environmental liability business. Mr Spessard joins Beazley’s NYC office from environmental risk management specialists […]

Insurance & Reinsurance

US News: Greenlight Re Invests in FairClaims Online

Greenlight Re Innovations, part of Greenlight Capital Re, Ltd, a specialist property and casualty reinsurance company headquartered in the Cayman Islands, has announced it has made a strategic investment in FairClaims, an online insurance and […]