Insurance Journal
A United Parcel Service (UPS) driver who was intoxicated when he crashed his semi-trailer delivery truck has been denied workers’ compensation benefits. Delaware Superior Court Judge Kathleen Vavala last week reversed a state Industrial Acciden...
Posted: Dec 11, 2024
A United Parcel Service (UPS) driver who was intoxicated when he crashed his semi-trailer delivery truck has been denied workers’ compensation benefits. Delaware Superior Court Judge Kathleen Vavala last week reversed a state Industrial Acciden...
Posted: Dec 11, 2024
Broker WTW said commercial lines insurance rates increased overall by an average of 6.1% during the third quarter 2024. Quarterly price increases have been around 6% since the end of the pandemic, WTW reported in its Commercial Lines Insurance Pricin...
Posted: Dec 11, 2024
COLUMBIA, S.C. (AP) — With the largest number of newly elected members at least since World War II, Republican South Carolina Senate leaders are thinking about tackling some issues like tax reform and liquor liability insurance that have long been &#...
Posted: Dec 11, 2024
Envelop Risk, the data-driven cyber reinsurance and analytics specialist, announced it has just completed a capacity agreement with MS Reinsurance for a further three years. Further to that, MS Reinsurance recently became a client of Envelop’s...
Posted: Dec 11, 2024
Krispy Kreme Inc. said a cybersecurity incident had disrupted some of its operations, including online ordering in parts of the US. The company said in a regulatory filing Wednesday that it was notified on Nov. 29 of unauthorized activity in …
Posted: Dec 11, 2024
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year. Greenpeace said it had agreed to pay 300,000 pounds ($382,650) to t...
Posted: Dec 11, 2024
Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd’s of London predicted. The impact would mainly be from disruption across global industries du...
Posted: Dec 11, 2024
Large British life insurers would need to report their liquidity positions daily during market crises under new rules proposed on Wednesday by the Prudential Regulation Authority, after it identified information gaps during recent market turmoil. The...
Posted: Dec 11, 2024
Empowering insurance professionals and entrepreneurs to build scalable, profitable, and enduring agencies with innovative tech, competitive economics, and world-class support. Orlando, FL, December 11, 2024 — Renegade Insurance proudly announces the...
Posted: Dec 11, 2024
This post is part of a series sponsored by AgentSync. How to scale your insurance organization efficiently and effectively during AEP and beyond ‘Tis the season! The Medicare open enrollment season, that is. It’s time again for Medicare b...
Posted: Dec 11, 2024
Major food companies, including Kraft Heinz, Mondelez and Coca-Cola, were hit with a new lawsuit in the U.S. on Tuesday accusing them of designing and marketing “ultra-processed” foods to be addictive to children, causing chronic disease....
Posted: Dec 11, 2024
Swiss Re Institute (SRI) made a significant contribution to the literature on social inflation and its impacts on insurers, reinsurers and their customers with the calculation of a new measure—a social inflation index. (Related article: US Nuclear Ve...
Posted: Dec 11, 2024
Policymakers aiming to recommend safeguards for artificial intelligence are facing a formidable challenge: science that is still evolving. AI developers themselves are grappling with how to prevent abuse of novel systems, offering no easy fix for gov...
Posted: Dec 11, 2024
At the Florida Chamber of Commerce Insurance Summit last week, the state’s emergency management director announced a multi-million-dollar program that many homeowners, lawmakers and insurers have long hoped for: New grants and low-interest loan...
Posted: Dec 11, 2024
Horace Mann Educators Corp., which targets teachers and others in education, announced its expansion into New Jersey. Already serving educators in more than 40 states, Horace Mann will offer its suite of financial and insurance products to the educat...
Posted: Dec 11, 2024
New York has a new law on the books requiring contractors and subcontractors who submit bids or perform construction work on public projects or certain private projects to register with the state. The New York State Department of Labor (NYSDOL) ̷...
Posted: Dec 11, 2024
New York has a new law on the books requiring contractors and subcontractors who submit bids or perform construction work on public projects or certain private projects to register with the state. The New York State Department of Labor (NYSDOL) ̷...
Posted: Dec 11, 2024
The California Labor Commissioner’s Office issued $1.3 million in fines for wage theft restitution and civil penalties against 19 car washes in the South Bay area of Los Angeles County and in Orange County. The LCO reportedly found that the ...
Posted: Dec 11, 2024
U.S. President-elect Donald Trump tapped Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency, Trump said on social media on Tuesday. Ferguson, one of two Senate-confirmed Republican FTC commissioners appoin...
Posted: Dec 11, 2024
This post is part of a series sponsored by Trucordia. Use the ten tips below as a guide to ensuring your compliance with U.S. Customs when importing into the United States. Maintaining your compliance with U.S. Customs and Border Protection …
Posted: Dec 10, 2024
A Southern California wildfire whipped by “particularly dangerous” winds destroyed homes, shut schools and spurred the evacuation of thousands of people near Malibu. The Franklin Fire has now scorched about 2,600 acres after starting late...
Posted: Dec 10, 2024
Global insurance broker Hub International Limited announced that it has acquired the assets of Fairfield County Bank Insurance Services, LLC. Terms of the transaction were not disclosed. Headquartered in Ridgefield, Connecticut, with additional offic...
Posted: Dec 10, 2024
This post is part of a series sponsored by IAT Insurance Group. In this episode, Peter Matthews, SVP of Commercial Truck, and Jared Fritts, Loss Control Specialist, tackle the issue of Strategic Cargo Theft – what it is, how it …
Posted: Dec 10, 2024
A series of moderate to strong earthquakes that struck Alaska’s western Aleutian Islands and offshore areas Sunday comprised what scientists call a “swarm,” but the state’s earthquake monitors said the seismic events should no...
Posted: Dec 10, 2024