Beazley found that homogenized policies and reliable claims service are no longer enough to satisfy customers; businesses expect insurers to demonstrate a solid understanding of their operations and the risks they face, and to add value through risk management tools, insights, services and flexible coverage. Forty-eight per cent (48%) of those surveyed said their
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Contractor Fraud Awareness Week is here! From July 12 through 16, the National Insurance Crime Bureau (NICB) is highlighting the problem of contractors and vendors who take advantage of disaster victims in the aftermath of catastrophes. Hoping that vulnerable homeowners are more concerned about the safety of their family than they are about going over a
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The recent approval of Aduhelm (aducanumab), which treats Alzheimer’s disease and carries an expected annual price tag of $56,000, has brought increased attention to high-cost drugs approved through the FDA’s accelerated approval pathway. While Medicare and its beneficiaries likely will be most impacted by the costs of the drug, as Alzheimer’s disease is most prevalent among
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With NFTs now tipped to be the next big thing in the fine art world, insurers are scrambling to figure out how to provide coverage for those selling, buying, or trading the non-tangible assets. The trouble is, the risks associated with digital art NFTs do not fall naturally into any existing insurance policies. “NFTs really
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“Actively recruiting and retaining top talent remains a priority at Burns & Wilcox Brokerage to help drive our business forward and support our anticipated growth,” said Denis Brady, president of Burns & Wilcox Brokerage. “Our teams continue to generate record-breaking new business results, despite the changing market and economic conditions. “We look forward to having
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International specialty reinsurance MGA Rokstone, part of the Aventum Group, has announced that it has secured an insurance agent license from the Financial Services Commission (FSC) in Mauritius. The company is now authorized to underwrite business directly in Africa from its Mauritius office. Rokstone will initially underwrite political violence and terrorism and property business from
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