All Posts

Supplemental Claims Don’t Need to Include Damage Estimates, Fed Appeals Court Says

Insurance Journal

A federal appeals court has, at least for now, put an end to lingering questions about some property insurance claims litigation: The insured does not need to submit a competing damage estimate when filing a supplemental claim if the policy …

Posted: Apr 16, 2024

California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme

Insurance Journal

A former chiropractor was sentenced to 54 years in state prison and ordered to pay more than $23 million in fines for his role in orchestrating a massive workers’ compensation fraud scheme totaling $150 million. Peyman Heidary was convicted by...

Posted: Apr 16, 2024

NFL Has 8 New Impact Mitigating Helmets for Quarterbacks and Linemen

Insurance Journal

Eight new position-specific helmets for quarterbacks and linemen have been approved by the NFL and the NFL Players Association. Two of the new models manufactured by Riddell are designed for quarterbacks while six helmets are made for offensive and d...

Posted: Apr 16, 2024

Supreme Court Rules Corporate Silence on Impactful Trends Not Securities Fraud

Insurance Journal

Shareholders cannot sue companies for fraud if they flout a rule requiring disclosure of trends expected to affect their bottom line unless the omission makes another statement misleading, the U.S. Supreme Court ruled on Friday. The 9-0 ruling author...

Posted: Apr 16, 2024

Pilot in 2022 Fatal Crash Fell Out of Plane, Say Investigators

Insurance Journal

The pilot of an experimental aircraft fell out of the plane and hit the tail, causing the plane to crash in northeastern Pennsylvania in 2022, killing him and a pilot-rated passenger, according to federal investigators. The National Transportation Sa...

Posted: Apr 16, 2024

Biden OK’s Major Disaster Declaration for California

Insurance Journal

The Federal Emergency Management Agency is making ederal disaster assistance available to California to supplement recovery efforts in the areas affected by the severe winter storms, tornadoes, flooding, landslides and mudslides from Jan. 31 to Feb....

Posted: Apr 16, 2024

Maine Sues Monsanto Over Contamination From PCB-Tainted Products

Insurance Journal

Maine is suing biochemical giant Monsanto for allegedly knowingly selling products containing harmful chemicals that have contributed to contamination in the state. The latest lawsuit targeting the company over the manufacture and sale of products wi...

Posted: Apr 16, 2024

5 California Poultry Processors May Owen $3.8M in Back Wages

Insurance Journal

Employees of five California poultry processing companies in La Puente and City of Industry may be owed a share of more than $3.8 million in back wages and damages recovered on their behalf by the U.S. Department of Labor. The …

Posted: Apr 16, 2024

California Department of Cannabis Control Recalling Mike Tyson Cannabis Product

Insurance Journal

The California Department of Cannabis Control a mandatory recall for former Heavyweight Champion Mike Tyson’s branded cannabis product, Tyson Undisputed Cannabis Flower, due to a contamination with mold. The mold in question is Aspergillus sp.,...

Posted: Apr 16, 2024

Integra licenses CyberCube software to bolster cyber growth in Turkey

Reinsurance News

Integra Insurance and Reinsurance Broking Services is the first Turkish broker to roll out CyberCube’s Broking Manager, the cyber risk analytics platform for insurance intermediaries. It will license Broking Manager to bolster its growth plans for...

Posted: Apr 16, 2024

FBI Opens Criminal Probe Into Deadly Baltimore Bridge Collapse

Insurance Journal

The FBI has opened a federal criminal investigation into the deadly collapse of a Baltimore bridge last month when a ship crashed into one of its supports, the bureau said on Monday. FBI agents had boarded the cargo ship Dali …

Posted: Apr 16, 2024

Manhattan Tourist Site The Vessel, Closed in 2021 After Suicides, Will Reopen This Year

Insurance Journal

The Vessel, a climbable sculpture that drew hordes of tourists to the Hudson Yards megadevelopment on Manhattan’s west side before a string of suicides forced its closure in 2021, will reopen to the public later this year with added safety &#82...

Posted: Apr 16, 2024

Value-Based Treatment Moves Care Upstream for Better Outcomes

Risk & Insurance

A Q&A with David Lupinsky, Vice President of Clinical Product Solutions, Paradigm. The post Value-Based Trea...

Posted: Apr 15, 2024

Fourth Construction Worker Recovered From Site of Baltimore Bridge Tragedy

Insurance Journal

The body of a fourth victim of the collapse of the Francis Scott Key Bridge in Baltimore has been recovered. The body of the deceased construction worker was transported to the chief medical examiner and positively identified on Monday. At …

Posted: Apr 15, 2024

7 Common Mistakes on Innovation

Insurance Thought Leadership

7 Common Mistakes on Innovation PaulCarroll Mon, 04/15/2024 - 20:52 Why make the same mist...

Posted: Apr 15, 2024

Cargo owners may bear portion of damages from Baltimore bridge accident

NU Property & Casualty 360

The owner of the cargo ship that involved in Baltimore’s bridge disaster declared general average.

Posted: Apr 15, 2024

Tesla settles wrongful death lawsuit one day before trial starts

NU Property & Casualty 360

Tesla settled with the family of Walter Huang for an undisclosed amount after he was killed in a crash while using its Autopilot software.

Posted: Apr 15, 2024

Jury awards $55M to woman who lost both legs in interstate accident

NU Property & Casualty 360

The plaintiffs intend to file a bad-faith suit in the case after their insurance company repeatedly refused to tender its policy until shortly before trial.

Posted: Apr 15, 2024

These states have the most public transit incidents

NU Property & Casualty 360

Wyoming experiences the fewest public transport incidents in the U.S., with only 19 recorded since 2010.

Posted: Apr 15, 2024

Altria class action spotlights AI fraud and mitigation

NU Property & Casualty 360

This case serves as a stark reminder of a growing threat: fraudulent claims facilitated by artificial intelligence.

Posted: Apr 15, 2024

Employees embrace AI efficiencies, look past cybersecurity concerns

NU Property & Casualty 360

A new study underscores the idea that many workers continue to use unsecure personal devices for their jobs.

Posted: Apr 15, 2024

Injured workers' most common questions about the claims process

NU Property & Casualty 360

Many claims pain points stem from ineffective communications and a failure to cut through the complexity of the claims process.

Posted: Apr 15, 2024

U.S. High Court: Transportion Workers Can Sidestep Arbitration

Carrier Management

U.S. High Court: Transportion Workers Can Sidestep Arbitration The U.S. Supreme...

Posted: Apr 15, 2024

Study Examines Tornado Resilience as Climate Change Impacts Damage

Carrier Management

Study Examines Tornado Resilience as Climate Change Impacts Damage A n...

Posted: Apr 15, 2024

Triple-I: Insurance Economic Drivers Outperform Overall U.S. GDP

Carrier Management

Triple-I: Insurance Economic Drivers Outperform Overall U.S. GDP The economic drivers of the U.S. property/casua...

Posted: Apr 15, 2024

Employers Focusing on Cost Reduction Amid Rising Health Care Costs

Risk & Insurance

The 2024 Lockton National Benefits Survey reveals a shift in employer benefits strategies, with cost reduction now rivaling talent attraction and retention amid rising health care costs. The post

Posted: Apr 15, 2024

Iowa Supreme Court Reverses $790K Jury Award in Sexual Harassment Case

Insurance Journal

DES MOINES, Iowa (AP) — Inappropriate comments by a superior to a social worker and between other employees at the state Department of Human Services did not justify a $790,000 jury award for sexual harassment, the Iowa Supreme Court has …

Posted: Apr 15, 2024

Rapper Drake Has Lawsuits Dismissed Over Deadly Astroworld Concert

Insurance Journal

HOUSTON (AP) — Hip-hop artist Drake has been dismissed from a lawsuit over the deadly 2021 Astroworld festival in Houston in which 10 people were killed, a judge has ruled. Drake was a special guest of rap superstar Travis Scott, …

Posted: Apr 15, 2024

Texas Among States Facing New Fire Risks: Weather Watch

Insurance Journal

More than 2.5 million people in the US face critical fire weather conditions on Monday as dry winds sweep parts of New Mexico, Colorado, Kansas, Oklahoma and Texas, which had the largest fire in the state’s history earlier this year. …

Posted: Apr 15, 2024

Exceptional Lloyd’s 2023 results demonstrate resilience of the market: ICMR, LMA

Reinsurance News

Lloyd’s exceptional 2023 results demonstrate the resilience of the market as we heads into uncertain times, according to a joint report from the Lloyd’s Market Association (LMA) and Insurance Capital Markets Research (ICMR). If you recall, i...

Posted: Apr 15, 2024

BNP Paribas to acquire a stake in Ageas

coverager

BNP Paribas is paying approximately €730 million.

Posted: Apr 15, 2024

Transamerica appoints Robert Carney as chief distribution officer for Individual Solutions

coverager

Carney brings more than 30 years of financial services sales leadership experience working in life, annuities, retirement and employee benefits.

Posted: Apr 15, 2024

Flooding Causes Several Barges to Break Loose on Ohio River, Damaging Marina

Carrier Management

Flooding Causes Several Barges to Break Loose on Ohio River, Damaging Marina More than two dozen river...

Posted: Apr 15, 2024

Tesla to reduce global headcount

coverager

The company had ~140k employees globally as of December 2023. 

Posted: Apr 15, 2024

Canopius partners with Group-IB

coverager

The collaboration will provide Canopius policyholders with an additional level of protection and threat intelligence.

Posted: Apr 15, 2024

OnStar Insurance is now General Motors Insurance

coverager

Berkshire Hathaway Specialty Insurance is expanding its global marine capabilities in the US.

Posted: Apr 15, 2024

Georgia Bill Requiring Boat Livery Insurance Waiting on Governor’s Signature

Insurance Journal

Boat operators, not properly insured boat rental places, will soon be held liable for injuries or damages caused by negligent operation of water craft if Georgia Gov. Brian Kemp signs a bill into law. House Bill 994 was approved by …

Posted: Apr 15, 2024

HDI Global aims for mid-market segment with dedicated services and strategy

Reinsurance News

HDI Global, an industrial insurance provider known for its focus on large industrial clients, is now expanding its services to offer tailored solutions to mid-market clients. Through a focused strategy in underwriting, claims management, and produ...

Posted: Apr 15, 2024