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Maryland is suing the company that produces the waterproof material Gore-Tex often used for raincoats and other outdoor gear, alleging its leaders kept using “forever chemicals” long after learning about serious health risks associated wi...
Posted: Dec 30, 2024
New York state government agencies will have to conduct reviews and publish reports that detail how they’re using artificial intelligence software, under a new law signed by Gov. Kathy Hochul. Hochul, a Democrat, signed the bill last week after...
Posted: Dec 30, 2024
A genetic analysis suggests the bird flu virus mutated inside a Louisiana patient who contracted the nation’s first severe case of the illness, the U.S. Centers for Disease Control and Prevention said last week. Scientists believe the mutations...
Posted: Dec 30, 2024
The Iowa Insurance Division last month entered into a consent order with a contractor who had made claims they were offering services that require a public adjuster license. Central Iowa Gutter and Donald Smart have agreed to make changes to …
Posted: Dec 30, 2024
Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5%-15% for loss-free accounts, according to a renewal report published by Guy Carpenter...
Posted: Dec 30, 2024
Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5%-15% for loss-free accounts, according to a renewal report published by Guy Carpenter...
Posted: Dec 30, 2024
Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of 5%-15% for loss-free accounts, according to a renewal report published by Guy Carpenter...
Posted: Dec 30, 2024
HOUSTON (AP) — A strong storm system threatened to whip up tornadoes in parts of the U.S. Southeast on Sunday, a day after severe weather claimed at least two lives as twisters touched down in Texas and Mississippi. Strong storms …
Posted: Dec 30, 2024
This year’s top Insurance Journal Midwest headlines feature a range of misconduct, from fraud and embezzlement to high-profile lawsuits. Top stories stories also highlight increasing frequency of severe weather event and the evolving legal land...
Posted: Dec 30, 2024
Readers of Insurance Journal were drawn to South Central headlines detailing the complexities facing the insurance industry, from legal and regulatory issues to the evolving landscape of cyber threats and natural disasters. Other popular topics inclu...
Posted: Dec 30, 2024
ATLANTA (AP) — A woman died and two other people were hospitalized with injuries after a fire at a Tyson Foods plant in southwest Georgia, state officials said Friday. A wall fell on the cab of an 18-wheel truck parked …
Posted: Dec 30, 2024
VESTAVIA HILLS, Ala. (AP) — Teenage actor Hudson Meek has died after he fell out of a moving vehicle in Alabama, authorities said. Meek, 16, was hurt on Dec. 19 while on a street in Vestavia Hills, a suburb of …
Posted: Dec 30, 2024
VESTAVIA HILLS, Ala. (AP) — Teenage actor Hudson Meek has died after he fell out of a moving vehicle in Alabama, authorities said. Meek, 16, was hurt on Dec. 19 while on a street in Vestavia Hills, a suburb of …
Posted: Dec 30, 2024
Ahead of the release of its Reinsurance Market Dynamics January 2025 Renewal report next week, re/insurance broking group Aon has noted the greater flexibility exhibited by reinsurers at the January 1st, 2025, renewals, following consecutive years...
Posted: Dec 30, 2024
A federal appeals court denied Donald Trump’s request for a new trial in New York writer E. Jean Carroll’s sexual abuse lawsuit, dealing a blow to the president-elect as he seeks to put his legal woes behind him before taking …
Posted: Dec 30, 2024
A new study by the Bermuda Regulatory Authority (BMA) on catastrophe risk modelling practices on the island has found a notable decrease in the proportion of insurers purchasing external catastrophe reinsurance. The BMA asked insurers how their ca...
Posted: Dec 30, 2024
A new study by the Bermuda Monetary Authority (BMA) on catastrophe risk modelling practices on the island has found that the number of insurers purchasing little or no external catastrophe reinsurance decreased in 2023, which reflects the heighten...
Posted: Dec 30, 2024
From insurance lawsuits resulting from a murderous South Carolina lawyer and his family, to relentless Florida storm claims, a tight mobile home market and body-shop fraud charges, news stories gave Insurance Journal readers in the Southeast plenty t...
Posted: Dec 30, 2024
From insurance lawsuits resulting from a murderous South Carolina lawyer and his family, to relentless Florida storm claims, a tight mobile home market and body-shop fraud charges, news stories gave Insurance Journal readers in the Southeast plenty t...
Posted: Dec 30, 2024
Wildfires and their effect on the California’s homeowners insurance crisis dominated Insurance Journal’s West headlines this year. Other popular stories included big lawsuits, and stories on fraudsters and bad actors being caught and puni...
Posted: Dec 30, 2024
Wildfires and their effect on the California’s homeowners insurance crisis dominated Insurance Journal’s West headlines this year. Other popular stories included big lawsuits, and stories on fraudsters and bad actors being caught and puni...
Posted: Dec 30, 2024
Maiden Holdings, Ltd., a provider of insurance and reinsurance services, and program specialist Kestrel Group have entered into a combination agreement to form a new, publicly listed specialty program group, expected to close in the first half of...
Posted: Dec 30, 2024
Fidelis Insurance Bermuda Limited (FIBL) has successfully closed a new catastrophe bond, Herbie Re Ltd. (Series 2024-2), which provides the firm with $375 million of collateralized reinsurance protection against U.S., DC, Puerto Rico, and Virgin I...
Posted: Dec 30, 2024
The top 10 most well-read international stories for 2024 covered a diverse range of topics, including nuclear verdicts, Taylor Swift’s concert cancellations, and the return of stability of the reinsurance market. Two articles focused on the Bal...
Posted: Dec 30, 2024
Global reinsurer Swiss Re has announced the appointment of Aisyah Fuad as Market Head Southeast Asia (South), effective 1 January 2025. Fuad joined Swiss Re in 2011 as an Associate Client Manager, Retakaful, where she worked as a multi-line treaty...
Posted: Dec 30, 2024
South Korea’s acting President Choi Sang-mok on Monday ordered an emergency safety inspection of the country’s entire airline operation as investigators worked to identify victims and find out what caused the deadliest air disaster on Sou...
Posted: Dec 30, 2024
South Korea’s acting President Choi Sang-mok ordered on Monday an emergency safety inspection of the country’s entire airline operation as investigators worked to identify victims and find out what caused the deadliest air disaster on Sou...
Posted: Dec 30, 2024
A statement from Jeju Air has revealed that Samsung Fire & Marine Insurance was the lead aviation insurer, while AXA XL served as the primary reinsurance provider for the plane that recently crash-landed at Muan International Airport in South...
Posted: Dec 30, 2024
Specialist insurer Hiscox has appointed Frank Lamantia as its new Chief Technology Officer in the U.S., where he will serve on the Hiscox US leadership team and the Hiscox Group Technology leadership team, effective January 21st, 2025. Lamantia wi...
Posted: Dec 30, 2024
Property catastrophe renewals were consistently oversubscribed at January 1 as reinsurer appetite increased more than demand, with a range of pricing outcomes as non-loss-impacted renewals saw risk-adjusted rate reductions of 5% to 15%, according...
Posted: Dec 30, 2024
Arthur J. Gallagher & Co. announced the acquisition of Tustin, California-based Murray Gardner Insurance Agency Inc., dba BMR Insurance. Terms of the transaction were not disclosed. BMR Insurance is a retail insurance agency serving commercial an...
Posted: Dec 30, 2024
PORTLAND, Ore. (AP) — An Oregon house cat died after eating pet food that tested positive for bird flu, Oregon authorities said, prompting a recall of raw frozen pet food that was sold nationwide. Northwest Naturals, a pet food company …
Posted: Dec 30, 2024
Global insurance brokerage Arthur J. Gallagher & Co. has acquired Tustin, California-based Murray Gardner Insurance Agency Inc., dba BMR Insurance, a retail insurance agency that serves commercial and personal lines clients primarily across So...
Posted: Dec 30, 2024
Posted: Dec 30, 2024
Posted: Dec 30, 2024
The three largest insurers brokers each announced or closed multi-billion-dollar acquisitions in 2024. The topic was one of many in which readers of Insurance Journal kept a close eye. Difficulties in the personal auto insurance line of business gave...
Posted: Dec 30, 2024
CRC Group, a wholesale specialty insurance distributor in North America, is expanding its team with the addition of four new professionals to its team, Michael Schmitt, Sean McPhillips, Bailey Cadden and Blake Rios. Schmitt, who is joining CRC fro...
Posted: Dec 30, 2024
Claims professionals need to adapt to the AI evolution at a fast pace as the same technologies used to fight claims fraud are also being used to perpetuate it, according to experts. “It’s truly become an arms race,” said Shane ̷...
Posted: Dec 30, 2024
AT&T Inc. and Verizon Communications Inc. acknowledged that they’d been hit by the China-linked Salt Typhoon hacking operation but that their networks were now clear from the intrusion. The hackers attempted to gain information about foreig...
Posted: Dec 30, 2024
Two Florida-based insurance companies are expanding their product lines, another sign that insurers are making more – if limited – moves into a warming market in the state. Amelia Underwriters, a wholesale and surplus lines broker based in Fernandina...
Posted: Dec 30, 2024
The U.S. Customs and Border Protection agency said it has seized more than 20,000 counterfeit Pennsylvania vehicle inspection stickers that were shipped from Israel to an address in Philadelphia. Customs officers found the stickers in two different s...
Posted: Dec 30, 2024
What do a demolished bridge, insolvent taxi insurer, jailed gang member, upset Mets fan, malfunctioning elevator, drunk injured employee, and a convicted politician have in common? They are all central players in the some of the top Insurance Journal...
Posted: Dec 30, 2024
What do a demolished bridge, insolvent taxi insurer, jailed gang member, upset Mets fan, malfunctioning elevator, drunk injured employee, and a convicted politician have in common? They are all central players in the some of the top Insurance Journal...
Posted: Dec 30, 2024
An outdoor holiday market in New York City’s Bryant Park briefly caught fire last Friday morning, sending flames and plumes of smoke above the popular midtown Manhattan tourist draw as firefighters rushed to put out the blaze. No one was …...
Posted: Dec 30, 2024
Loyalhanna Insurance Group of Latrobe, Pennsylvania has been acquired by Union Bay Acquisition LLC, an aggregator of insurance agencies based in Lansdale, Pennsylvania. Terms were not disclosed. This acquisition is Union Bay’s sixteenth, and se...
Posted: Dec 30, 2024