Insurance Journal
Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two aging tankers that were damaged during a heavy weekend storm, highlighting the environmental and insurance risks of Russia’s “shadow fl...
Posted: Dec 16, 2024
CRC Group, one of North America’s leading independent wholesale specialty insurance distributors, has acquired SLB Insurance Group, a binding authority operation with offices in Florida and Louisiana. Founded in 2000, SLB specializes in small t...
Posted: Dec 16, 2024
Swiss insurer Helvetia plans to cut jobs and relocate some workers as part of an efficiency program aimed at saving about 200 million francs ($224 million) over the next three years. The measures will affect around 500 positions, of which …
Posted: Dec 16, 2024
Italian companies are preparing to comply with a requirement to take out natural disaster insurance from next April, although some fear it will be hard to enforce and too costly. Many small and medium-sized firms, which form the backbone of …
Posted: Dec 16, 2024
Once considered to be simply “bean counters,” accountants now play an important role in the defence, investigation and protection against cybercrime. Modern cybercrime includes stealing personal information, hacking into systems, spreadin...
Posted: Dec 16, 2024
A warming climate fueled the blitz of six powerful storms that hit the Philippines within a matter of weeks this year, according to a new study. The conditions that enabled the unusual string of tropical cyclones late in the season, …
Posted: Dec 16, 2024
This post is part of a series sponsored by AgentSync. The Hidden Cost of Manual License Verifications Keeping insurance producers’ licenses and appointments compliant is a critical responsibility shared by nearly everyone in the insurance distr...
Posted: Dec 16, 2024
Lloyd’s of London members have set up a working party to examine the commercial insurance market’s plans to overhaul its conduct rules, a trade body said on Friday, following criticism of the strengthened powers in the new rules. Lloyd...
Posted: Dec 16, 2024
German insurer Allianz has withdrawn its offer to acquire at least 51% of Singapore’s Income Insurance for about $1.63 billion, the company said in a statement on Monday. Reuters reported on Dec. 13 that the insurer had scrapped the proposed &#...
Posted: Dec 16, 2024
An Iowa roofing company has agreed to a consent order to stop promoting itself as a public adjuster or providing any public adjuster services on its websites, social media pages and advertisements. Darren Reeves Roofing has also agreed to instruct &#...
Posted: Dec 16, 2024
The Oklahoma Insurance Department is seeking applications from contractors and evaluators to participate in the Strengthen Oklahoma Homes program (SOH). SOH provides Oklahoma residents with grants of up to $10,000 to mitigate their home against wind...
Posted: Dec 16, 2024
Ayvaz Pizza, LLC, doing business as Pizza Hut, which operates more than 350 Pizza Hut restaurants in ten states and multiple locations in the Houston area, violated federal law when it subjected a female employee to sex-based harassment and retaliati...
Posted: Dec 16, 2024
NEWARK, N.J. (AP) — New Jersey and Minnesota sued Glock last Thursday, calling on the gunmaker to stop selling firearms that can be adapted with dime-sized switches to fire up to 1,200 rounds a minute. New Jersey Attorney General Matt …
Posted: Dec 16, 2024
NEWARK, N.J. (AP) — New Jersey and Minnesota sued Glock last Thursday, calling on the gunmaker to stop selling firearms that can be adapted with dime-sized switches to fire up to 1,200 rounds a minute. New Jersey Attorney General Matt …
Posted: Dec 16, 2024
OAKLAND, Wis. (AP) — Roughly 70,000 gallons (264,978 litres) of oil from a pipeline spilled into the ground in Wisconsin, officials said. The problem was discovered Nov. 11 in Jefferson County, 60 miles (96.5 kilometers) west of Milwaukee, by an R...
Posted: Dec 16, 2024
President-elect Donald Trump’s threatened tariffs on top trade partners China, Mexico and Canada would deal a blow to the $1.7 trillion U.S. transportation industry and worsen a nearly three-year trucking recession, sector experts said. The ind...
Posted: Dec 16, 2024
The message from Nasdaq as the Black Lives Matter movement exploded across the US: push for diversity – or prepare to explain. Four years later, a federal appeals court has struck down an attempt by Nasdaq’s US exchange – home …
Posted: Dec 16, 2024
When analysts at AM Best reviewed outlooks for the property/casualty insurance and reinsurance sectors this week, recent good news of a change in outlook for personal lines—and for the personal auto insurance—were the first highlights. But a cloud re...
Posted: Dec 16, 2024
Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North Carolina Supreme Court last week bucked that trend,...
Posted: Dec 16, 2024
The owner of a New York thermometer factory was sentenced Friday to three years of probation for failing to protect workers who were exposed to hazardous levels of mercury after a spill at his plant. Robert Peyser, 66, of Bellmore …
Posted: Dec 16, 2024
A suburban New York police department routinely violated residents’ civil rights, including making illegal arrests and using unnecessary strip and cavity searches, according to a new U.S. Department of Justice report. The report on a pattern an...
Posted: Dec 16, 2024
The Environmental Protection Agency is awarding $135 million in grants to fund 13 projects in California to help the state wean off fossil fuels and phase out big rigs that run on diesel. The money will go to the state …
Posted: Dec 16, 2024
This post is part of a series sponsored by Trucordia. Discover practical strategies to reduce your insurance premiums during an economic downturn. Learn how to save money without compromising on coverage. As the economic landscape fluctuates, so does...
Posted: Dec 16, 2024
The U.S. Supreme Court agreed on Friday to hear a bid by fuel producers to challenge California’s standards for vehicle emissions and electric cars under a federal air pollution law in a major case testing the Democratic-governed state’s...
Posted: Dec 13, 2024
California Insurance Commissioner Ricardo Lara on Friday announced what he’s calling “first of its kind” catastrophe modeling and ratemaking regulation that will allow carriers to use the models as a factor in setting and getting ra...
Posted: Dec 13, 2024