Insurance Journal
A new study examining potential unintentional bias in auto insurance finds that while Black and Hispanic drivers pay more than other drivers for auto insurance, they also have more claims and driving infractions. The study’s authors accept that...
Posted: Nov 21, 2024
Arthur J. Gallagher & Co. announced the acquisition of Santiago, Chile-based THB Chile. Terms of the transaction were not disclosed. THB Chile is a retail insurance broker providing property/casualty, life and health benefits, and reinsurance ser...
Posted: Nov 21, 2024
Australia’s top female business chiefs are earning A$158,632 ($103,340) less per year than their male counterparts, according to the Workplace Gender Equality Agency, with the overall pay disparity between men and women nationally sitting at 21...
Posted: Nov 21, 2024
Asbestos, a notorious carcinogen, was in widespread use throughout the 20th century – from building materials to brake pads and even fake snow on film sets including The Wizard of Oz and White Christmas. In the 1960s, a link was …
Posted: Nov 21, 2024
Bank of Japan Governor Kazuo Ueda said on Thursday central banks must be mindful that technological advances, such as in the area of artificial intelligence (AI), could bring new risks to financial stability. “As financial services grow more di...
Posted: Nov 21, 2024
Zurich Insurance Group AG set new targets for profitability and profit growth for the next three years, after a better-than-expected market environment put it on track to exceed its existing guidance a year ahead of plan. The insurer pledged to ̷...
Posted: Nov 21, 2024
General Mills Inc. is planning to engage federal officials over potential restrictions on food dyes that it uses in some of its cereals, as Robert F. Kennedy Jr., the nominee to run the Department of Health and Human Services, calls …
Posted: Nov 21, 2024
As the costs of nuclear and thermonuclear verdicts explode in the U.S., organizations are examining ways to predict, prevent and avoid the liabilities that light the fuse on multi-million-dollar court cases. Areas critical to watch include pharma cla...
Posted: Nov 21, 2024
The 22 acquirers that make up the Sica Fletcher Index were involved in 142 agent-broker deals in the third quarter to match the amount of deal from the same quarter last year. Members completed 385 acquisitions for the year as …
Posted: Nov 21, 2024
The five U.S. metropolitan areas with the biggest drop in home sales are all in Florida, the result of a perfect storm of rising insurance costs, homeowner association fees and repeat storms, a home sales tracking service reported Wednesday. Redfin,...
Posted: Nov 21, 2024
KBRA downgraded the insurance financial strength ratings (IFSR) of Oregon Mutual Insurance Co. and its wholly owned subsidiary, Western Protectors Insurance Co. to BBB+ from A-. The outlooks for both ratings remain negative. The downgrades reflect th...
Posted: Nov 21, 2024
KBRA downgraded the insurance financial strength ratings (IFSR) of Oregon Mutual Insurance Co. and its wholly owned subsidiary, Western Protectors Insurance Co. to BBB+ from A-. The outlooks for both ratings remain negative. The downgrades reflect th...
Posted: Nov 21, 2024
CompScience hired Jeremy Silver as senior vice president of client service and success. Silver has decades of experience scaling customer success, services and support teams. He is currently a founding limited partner at Success Venture Partners, and...
Posted: Nov 21, 2024
A California assisted living facility for seniors was fined more than $137,000 after an investigation by the U.S. Department of Labor’s Wage and Hour Division reportedly found the facility failed to properly account and pay for all overtime hou...
Posted: Nov 21, 2024
This post is part of a series sponsored by Darkhorse Insurance. Ever wonder how some insurance agents seem to glide through potential pitfalls without breaking a sweat? It’s not just about luck; it’s about having the right coverage. Error...
Posted: Nov 21, 2024
This post is part of a series sponsored by Selectsys. In the competitive insurance industry, Wholesalers, MGAs, and Brokers are always seeking ways to streamline operations, integrate new technology with legacy systems, and provide faster, more accur...
Posted: Nov 21, 2024
Citing the devastating impacts of Hurricane Helene in southwest Virginia, Governor Glenn Youngkin submitted a request to President Joseph Biden, President-elect Donald Trump and Congressional appropriators for $4.4 billion in federal support. Youngki...
Posted: Nov 20, 2024
ARLINGTON, Texas (AP) — A piece of the roof at the home of the Dallas Cowboys fell to the field while the retractable portion of it was being opened at least three hours before a 34-10 loss to Houston on …
Posted: Nov 20, 2024
A federal judge in Delaware on Monday dismissed a lawsuit filed by former Arkansas Gov. Mike Huckabee against social media giant Meta over advertisements using his name and image to sell CBD products. Huckabee, a Baptist minister and President-elect...
Posted: Nov 20, 2024
A-G Specialty announced the acquisition of First Agency TPA, A Gallagher Company. First Agency TPA specializes in student and athletic accident coverage at both the interscholastic and intercollegiate levels, as well as special – risk programs...
Posted: Nov 20, 2024
Columbia Insurance Group (CIG), headquartered in Columbia, Missouri, hired Aaron Rieth as vice president of excess and surplus (E&S). In this newly created position, Rieth leads the development of CIG’s direct-to-agent E&S solution. Rie...
Posted: Nov 20, 2024
Florida’s newest legislative leaders on Tuesday rattled some sabers about property insurance rates and claims but offered no agenda for the upcoming session that begins in March, according to state news reports. Incoming Senate President Ben Al...
Posted: Nov 20, 2024
GULFPORT, Miss. (AP) — A Mississippi Gulf Coast restaurant and its co-owner it were sentenced Monday on federal charges of mislabeling inexpensive imported seafood as local premium fish. Mary Mahoney’s Old French House, founded in Biloxi in 196...
Posted: Nov 20, 2024
The Library of Congress has notified lawmakers of a “cyber breach” of its IT system by an adversary, a hack of emails between some congressional offices and library staff, according to an email obtained by The Associated Press. The librar...
Posted: Nov 20, 2024
RALEIGH, N.C. (AP) — Almost two months after Hurricane Helene wreaked havoc on western North Carolina, Republican lawmakers grilled officials Monday over how they handled two other hurricanes that hit the state several years ago. As part of a massive...
Posted: Nov 20, 2024