Insurance Journal
Africa Specialty Risks (ASR), the pan-African focused re/insurance group, has launched ASR Syndicate 2454 focused on underwriting business across Africa. It is the first African-focused syndicate writing business at Lloyd’s and is managed by Ap...
Posted: Apr 29, 2024
Zurich-based Lloyd’s coverholder Amboss Underwriting has assumed the portfolio of the Zurich branch of Oilfield Insurances Agencies. Effective April 17, 2024, the announcement marks the commencement of Amboss’ operations in Zurich and Ams...
Posted: Apr 29, 2024
A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a stark example of how there’s little clarity about who would pay the bill if such a ship had a major …...
Posted: Apr 29, 2024
Marsh, the insurance brokerage business of Marsh McLennan, announced an additional $25 million layer of capacity to its existing $100 million Cyber ECHO facility. Available to Marsh clients globally, Cyber ECHO now offers up to $125 million of excess...
Posted: Apr 29, 2024
New Zealanders who own properties in areas prone to flooding or earthquakes may find they can’t afford insurance or may not be offered cover for specific risks, according to the Reserve Bank. Rising premiums or the inability to insure are ̷...
Posted: Apr 29, 2024
Additional tests of milk showed that pasteurization killed the bird flu virus, federal health officials said on Friday, as Colorado became the ninth U.S. state to report an infected dairy herd. Federal lawmakers urged the Biden administration to furt...
Posted: Apr 29, 2024
Sixty-five percent of North American business leaders fear this election year will impact their ability to trade internationally, with 32% of U.S. leaders saying political risk is their number one threat. In January, Beazley surveyed over 3,500 busin...
Posted: Apr 29, 2024
The Florida Supreme Court has given auto insurers more flexibility in reducing payments for medical services under the state’s no-fault auto insurance law and may have finally put to rest years of questions about the much-debated statute. In an...
Posted: Apr 29, 2024
California Insurance Commissioner Ricardo Lara made several appointments to the state’s curriculum board and insurance diversity task force. Lara named Aretha Hartley as the newest member of the curriculum board. The curriculum board oversees t...
Posted: Apr 29, 2024
A full-size vessel carrying raw sugar was able to navigate through the 20-foot deep temporary channel at the U.S. Patapsco River on Wednesday and reach the Port of Baltimore for the first time since an accident blocked access to the …
Posted: Apr 29, 2024
A man accused of causing a fiery crash that shut down a major Connecticut highway bridge and killed a fuel delivery truck driver has been charged with negligent homicide, police said Thursday. State police said Reginald Collins, 59, turned himself &#...
Posted: Apr 29, 2024
Warren Buffett’s warning that wildfires have turned utilities across the western US into risky investments is mistaken — at least in California, according to the head of the state’s largest electricity provider. “Frankly, I think Bu...
Posted: Apr 29, 2024
This post is part of a series sponsored by IAT Insurance Group. The Federal Motor Carrier Safety Administration (FMCSA) issued a final rule effective Jan. 16 that introduces new requirements across five areas of financial responsibility for brokers a...
Posted: Apr 28, 2024
OMAHA, Neb. (AP) — A tornado plowed through suburban Omaha, Nebraska, on Friday, damaging hundreds of homes and other structures as it tore for miles along farmland and into subdivisions. Some injuries were reported but there were no immediate report...
Posted: Apr 28, 2024
South Lake Tahoe, CA., April 26, 2024 – The California Insurance Wholesalers Association (CIWA) proudly announces Jerry Rice, the legendary former professional football player, as the keynote speaker for their Annual Summer Forum. The event, schedule...
Posted: Apr 26, 2024
South Lake Tahoe, CA., April 26, 2024 – The California Insurance Wholesalers Association (CIWA) proudly announces Jerry Rice, the legendary former professional football player, as the VIP speaker for their Annual Summer Forum. The event, scheduled fr...
Posted: Apr 26, 2024
Texas-headquartered Higginbotham, one of the largest independent insurance and benefits firms, has added Adams Benefits of Boca Raton, Florida, to its team, the company said in a news release. The move marks an expansion into south Florida for Higgin...
Posted: Apr 26, 2024
U.S. auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is adequate. The National Highway Traffic Safety Adm...
Posted: Apr 26, 2024
A federal jury on Thursday found a North Carolina insurance agent and two Missouri lawyers guilty on all counts in a $4 million tax evasion scheme that also defrauded an insurance carrier. The jury in Charlotte, said licensed agent and …
Posted: Apr 26, 2024
The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly skeptical of federal agencies’ power...
Posted: Apr 26, 2024
The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly skeptical of federal agencies’ power...
Posted: Apr 26, 2024
Cyber claims frequency in the U.S. rose 13% last year, a new report shows. According to Coalition’s 2024 Cyber Claims Report, released this week, cybercrime is “a thriving business that adversely impacts” the economy. In 2023, there...
Posted: Apr 26, 2024
A Baltimore small business has filed a class action against the owner and operator of the cargo ship Dali that crashed into the Francis Scott Key Bridge last month. The suit, filed Thursday by the Karen Austin, the founder of …
Posted: Apr 26, 2024
JEFFERSON CITY, Mo. (AP) — The manufacturer of a popular weedkiller won support Wednesday from the Missouri House for a proposal that could shield it from costly lawsuits alleging it failed to warn customers its product could cause cancer. The …...
Posted: Apr 26, 2024
An active weather pattern could bring destructive tornadoes, heavy rains, large hail and strong wind gusts to parts of the central United States over the next several days, according to meteorologists at the National Weather Service and Accuweather....
Posted: Apr 26, 2024