AF Group Appoints Cooper, Travis to New Executive Roles

National specialty insurance carrier AF Group in Lansing, Michigan, has named Steve Cooper president of Third Coast Underwriters and Abel Travis vice president of Fundamental Underwriters. Cooper currently is president of another AF Group member, United Heartland, a role he will retain. Cooper has more than 30 years of property/casualty experience, which includes a significant knowledge of specialized, unique risks ...

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Small Business Insurtech Next Insurance with $250 Million

With the new Munich Re financing, Next joins the elite ranks of insurtechs that have raised hundreds of millions in financing. Lemonade, which sells home and rental insurance electronically, disclosed a $300 million financing in April that’s designed to fuel an international expansion. Lemonade has raised $480 million in venture financing thus far from multiple investors including Allianz and AXA ...

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Update: Typhoon Hagibis Rips Across Japan, Causing Flooding, Killing at Least 43

At least 48 landslides and mudflows have been reported in 12 prefectures, and nine rivers burst their banks, Kyodo news reported, citing the Ministry of Land, Infrastructure, Transport and Tourism. The heavy rain destroyed river banks in central and northern Japan — most seriously the Chikuma River in Nagano prefecture, northwest of Tokyo. Houses were flooded in the area, with ...

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How States, Cities Compare on Rates of Health Uninsured

With the national rate of Americans lacking health insurance on the rise again, the personal finance website WalletHub released a report on uninsured rates by city and by state. The national uninsured rate rose in 2018 to 8.5% from 7.9% the previous year, according to data from the U.S. Census Bureau. Using U.S. Census Bureau data, WalletHub compared the rates for 548 U.S. cities and the ...

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Common Insurance Questions and Answers

Insurance is complicated, and there are many misconceptions about coverage that could leave policyholders uninsured or underinsured. You offer great value as the best resource to explain the benefits, restrictions and exclusions of policies to your clients – because you have access to the best options among the carriers you work with. Your advantage over a ‘go direct’ website, is ...

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Cyber Insurance Will Reshape Cybersecurity

Cybersecurity is broken. It’s a bold statement, but given the increasing frequency of cyber breaches, along with the presence of more varied and evolving threats, there is growing uncertainty about the ability of the cybersecurity industry to protect its customers. There is virtually no company that isn’t a potential target. From mom-and-pop storefronts to Fortune 500 companies, no business is ...

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From bomb attacks to a deadly blaze

A week after xenophobic violence ignited in South Africa, people continue to share photos and videos online purporting to show this violence – but some of the images posted on social media are old stories or have been taken out of context. We have already written about two of the following stories in an article that you can find here. ...

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How Cyber Insurance Supports the Fight AGAINST Ransomware: Marsh

As the cyber insurance market continues to grow, it’s only natural to discuss its place in the battle against cyber-attacks, including ransomware, which has been a prevalent topic in recent months. Over the last several years, the cyber insurance market has rapidly expanded, and more companies now purchase cyber coverage than ever before. Close to 50% of respondents to Marsh ...

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Believers in Climate Change No More Likely to Mitigate Than Non-Believers

Believing in climate change has no effect on whether coastal homeowners are protecting their homes from climate change-related hazards, according to a new study from the University of Notre Dame. Funded by Notre Dame’s Global Adaptation Initiative, the study analyzed data from a 2017 Coastal Homeowner Survey of 662 respondents in one of the most frequently exposed U.S. coastal communities, ...

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