Insurance Journal
Danielle Webber, CISR Elite, Client Manager for Maury, Donnelly & Parr in Cockeysville, Maryland, has been awarded the most prestigious honor available to insurance customer service representatives: National Outstanding CSR of the Year. The Socie...
Posted: Nov 25, 2024
Mary Louis’ excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her tenancy. That third-party servi...
Posted: Nov 25, 2024
South Korean carmaker Hyundai Motor is recalling about 145,235 electrified vehicles in the United States due to a loss of drive power, the National Highway Traffic Safety Administration said on Friday. The recall includes certain IONIQ 5 and IONIQ 6...
Posted: Nov 25, 2024
Nissan persuaded a federal appeals court on Friday to decertify 10 class actions accusing the Japanese automaker of selling cars and SUVs with defective automatic emergency braking systems that caused vehicles to stop suddenly for no reason. The 6th...
Posted: Nov 25, 2024
The US Securities and Exchange Commission’s fines and investor relief hit an all-time record in fiscal 2024. The agency’s enforcement actions led to $8.2 billion in penalties and reimbursement to investors, though the number of cases decl...
Posted: Nov 25, 2024
Just a week after a pilot program for strengthening Florida condominiums was launched it reached maximum capacity and is no longer accepting applications. The overwhelming response could underscore the need for wind mitigation and could set the stage...
Posted: Nov 25, 2024
Mary Louis’ excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her tenancy. That third-party servi...
Posted: Nov 25, 2024
Delos Insurance Solutions named Gloria Hendrickson as its new head of reinsurance. Hendrickson has a catastrophe modeling and risk background and was most recently chief operating officer and chief underwriting officer at NormanMax Insurance Holdings...
Posted: Nov 25, 2024
The owner of a trucking company was sentenced Thursday to two months in prison followed by one year of supervised release for lying to investigators after one of his trucks was accused of causing a crash that killed seven motorcyclists …
Posted: Nov 25, 2024
The US Supreme Court dismissed an appeal by Meta Platforms Inc., leaving it to face a lawsuit that accuses the company of misleading shareholders about the data-harvesting scandal involving political consulting firm Cambridge Analytica. Investors cla...
Posted: Nov 22, 2024
Aqueous Underwriting, the London-based MGA, has secured major new capacity in a three-year deal with A+ rated insurers Allied World and Sompo. The move to a syndicated capacity arrangement provides the MGA with the opportunity to significantly develo...
Posted: Nov 22, 2024
This edition of International People Moves details appointments at Markel and Generali Global Corporate & Commercial. A summary of these new hires follows. Markel Taps AEGIS London’s Pressman as Senior Underwriter, Marine Cargo Markel, the...
Posted: Nov 22, 2024
Pending arbitration claims against liquefied natural gas exporter Venture Global LNG Inc. from several of its customers have grown to nearly $6 billion, according to a bond document seen by Bloomberg. Claims in cases by eight separate companies, incl...
Posted: Nov 22, 2024
North Dakota Insurance Commissioner Jon Godfread will serve as the president of the National Association of Insurance Commissioners (NAIC) for 2025 after serving as president-elect in 2024. As NAIC president, Godfread will lead the chief insurance re...
Posted: Nov 22, 2024
World Insurance Associates LLC announced that it acquired the business of First International Insurance (“FI Insurance”) -a division of First International Bank & Trust of Watford City, North Dakota on October 1, 2024. Terms of the tr...
Posted: Nov 22, 2024
Texas Attorney General Ken Paxton has filed another lawsuit to prevent decriminalizing marijuana-related offenses, this time against the city of Dallas. Paxton has previously sued the cities of San Marcos, Austin, Killeen, Elgin and Denton over simil...
Posted: Nov 22, 2024
A month after wildfires ravaged Maui in August 2023, Gov. Josh Green issued an emergency proclamation to postpone the adoption of any new building codes that might exacerbate a housing shortage that had just gotten worse. The governor’s office...
Posted: Nov 22, 2024
Weiss Ratings, a Palm Beach Gardens financial ratings firm, sparked some outrage from the Florida insurance industry in recent weeks after it released reports contending that some of Florida’s largest property insurers were closing almost half...
Posted: Nov 22, 2024
Global non-life premiums are expected to hit a decade-high growth level of 4.3% in 2024, following the repricing of risk over the past several years in response to elevated claims, according to Swiss Re’s sigma. “Premium rates are now mod...
Posted: Nov 22, 2024
Gunmaker Sig Sauer Inc. was ordered by a Pennsylvania jury to pay $11 million to a customer who alleged defects in one of the company’s pistols led it to go off without him pulling the trigger. Jurors in state court …
Posted: Nov 22, 2024
Cyber attacks against Nordic banks, likely perpetrated by Russia-linked hackers, pose the biggest threat to financial stability in the region, a top Danish central bank official said. Financial institutions should be prepared for an “arms race&...
Posted: Nov 22, 2024
Sweden’s Navy completed a survey of the seabed near one of the damaged data cables in the Baltic Sea as the Nordic country investigates potential sabotage against the underwater infrastructure. A high-speed fiber optic cable connecting Finland...
Posted: Nov 22, 2024
At the conclusion of its fall national meeting in Denver, the National Association of Insurance Commissioners elected new officers for 2025, with North Dakota Insurance Commissioner Jon Godfread to become president. Godfread was first elected commiss...
Posted: Nov 22, 2024
Respondents of a recent survey reported lower premium increases for all lines of business except umbrella during the third quarter. According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premi...
Posted: Nov 22, 2024
U.S. prosecutors unveiled criminal charges on Wednesday against five alleged members of Scattered Spider, a loose-knit community of hackers suspected of breaking into dozens of U.S. companies to steal confidential information and cryptocurrency. Mart...
Posted: Nov 22, 2024