Insurance Journal

NC Insurers Warned on Flood Denials in Underwriting; NFIP Allows Monthly Premiums

North Carolina Insurance Commissioner Mike Causey is reminding property insurers to refrain from raising homeowners’ premiums just because an insured filed a claim or inquiry in order to qualify for flood insurance indemnity or federal assistan...

Posted: Nov 04, 2024

Markets/Coverages: Marsh Offers Insurance to Manage Risks of Fake Carbon Credits

Marsh, the insurance broker and business of Marsh McLennan, has partnered with We2Sure, a specialist in insurance and risk management solutions for carbon credit certificates, to launch a new insurance facility to help organizations in the UK, EU, an...

Posted: Nov 04, 2024

Hawaii Attorney General Probe into Deadly Wildfire Won’t Lead to Criminal Charges

An investigation by the Hawaii attorney general’s office into the deadliest U.S. wildfire in more than a century, which destroyed most of the historic town of Lahaina, won’t lead to any criminal charges. Hawaii Attorney General Anne Lopez...

Posted: Nov 04, 2024

Risk & Insurance Education Alliance Introduces the AlliBot Subscription – Your New Trusted Artificia...

Austin, TX – November 4, 2024 – The Risk & Insurance Education Alliance is thrilled to announce the launch of the AlliBot Subscription, designed to provide insurance and risk management professionals with easy, on-demand access to vetted artifici...

Posted: Nov 04, 2024

Vienna Insurance Group Launches Specialist Cyber Security Company

Vienna Insurance Group has launched a specialist cyber security company focused cyber risk management for small and medium-sized companies. Called Cyber Risk Solutions GmbH (CyRiSo), the company provides comprehensive support to help companies reduce...

Posted: Nov 04, 2024

Berkshire’s GEICO Turns in Strong Q3 but Overall Insurance UW Income Slips

Third quarter underwriting income with Berkshire Hathaway’s insurance insurance units fell about $1.7 billion to $750 million due to estimated losses of about $565 million from Hurricane Helene and increases in losses from prior year claims. In...

Posted: Nov 04, 2024

Facebook, Nvidia Ask Supreme Court to Spare Them From Securities Fraud Suits

The U.S. Supreme Court is set to consider bids by two tech giants – Meta’s Facebook and Nvidia – to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to hold companies …

Posted: Nov 04, 2024

Meta Loses Bid to Appeal UK Class Action Over User Data

Meta Platforms Inc. failed in a bid to challenge a class action suit in the UK that alleged Facebook abused its dominant position and exploited its users personal data. The UK’s Court of Appeal refused to permit Meta and Facebook’s &#8230...

Posted: Nov 04, 2024

French Families Sue TikTok Over Alleged Failure to Remove Harmful Content

Seven French families have filed a lawsuit against social media giant TikTok, accusing the platform of exposing their adolescent children to harmful content that led to two of them taking their own lives at 15, their lawyer said on Monday. …

Posted: Nov 04, 2024

Update: TikTok Sued by Families in France After Children’s Suicides

TikTok was sued by a group of seven French families who blame the social network app for harming the mental health of their children, driving two of them to suicide. The families, grouped in the association Algos Victima, filed their …

Posted: Nov 04, 2024

Management Liability in the Post-COVID Era – What’s Brewing Podcast (Episode 5)

In this episode, John Passaro, EVP of Management Liability, discusses trends that impacted Management Liability in the post-COVID era – like PPP loans, corporate governance, upticks in ADA compliance claims, and more. Hosted by SVP of Moving &#...

Posted: Nov 04, 2024

SEC Says JPMorgan Chase Settles Five Enforcement Cases, to Pay $151M

JPMorgan Chase will pay $151 million to settle five U.S. Securities and Exchange Commission enforcement cases, including accusations that the largest U.S. bank made misleading disclosures to brokerage customers, the regulator said on Thursday. The se...

Posted: Nov 04, 2024

Despite Recent Backlash, Nearly 60% of U.S. Workers Support Current DEI Policies

While recent events have put corporate America’s diversity efforts on defense, the programs continue to receive strong support from employees, according to new research from The Conference Board. The survey gauges employees’ and executive...

Posted: Nov 04, 2024

Despite Recent Backlash, Nearly 60% of US Workers Support Current DEI Policies

While recent events have put corporate America’s diversity efforts on defense, the programs continue to receive strong support from employees, according to new research from The Conference Board. The survey gauges employees’ and executive...

Posted: Nov 04, 2024

Would Letting Roofers Do More Wind-Mit Work Help Cut Florida’s Insured Losses?

A recent photograph of destruction left by Hurricane Milton’s wind tells the story: An entire roof section on a residential complex in Bradenton, Florida – including rafters and ceiling joists – was ripped off, exposing people’s abodes an...

Posted: Nov 04, 2024

60,000 Wawa-Branded Tumblers Recalled Because Their Metal Straws Can Cut Customers

Some 60,000 Wawa-branded beverage tumblers are under recall due to a laceration hazard posed by the products’ metal straw. According to a Thursday notice published by the U.S. Consumer Product Safety Commission, the metal straw inside the now-r...

Posted: Nov 04, 2024

Changes to Washington Homeowners and Auto Premium Rule to Be Considered

Washington Insurance Commissioner Mike Kreidler has proposed modifying the state’s recently adopted premium change transparency rule. The proposal is specific to Phase 2 of the rule (the automatic inclusion of reasons for premium increases in p...

Posted: Nov 04, 2024

US shippers Avoid East Coast Ports on Risk of Second Strike

U.S. shippers are steering clear of East and Gulf Coast ports amid worries the 45,000 dockworkers at those trade hubs will go on strike again if their union leader does not land a new contract with employers by a Jan. …

Posted: Nov 04, 2024

US Shippers Avoid East Coast Ports on Risk of Second Strike

U.S. shippers are steering clear of East and Gulf Coast ports amid worries the 45,000 dockworkers at those trade hubs will go on strike again if their union leader does not land a new contract with employers by a Jan. …

Posted: Nov 04, 2024

Recreational Cannabis Home Delivery Begins in Arizona

Arizona residents were able to get recreational cannabis delivered to their homes beginning last Friday, marking a new milestone for a state program that until now had allowed the service only for medical marijuana patients. The Arizona Department of...

Posted: Nov 04, 2024

Maryland Fears Mobile Home Values Will Shrink as Insurance Disappears

Owners of mobile and manufactured homes in Maryland’s coastal communities and their insurance agents are having difficulty finding insurance coverage as carriers pull away from the market. The problem is squeezing owners who want to sell their...

Posted: Nov 04, 2024

PepsiCo Beats New York State’s ‘Predatory’ Lawsuit Over Plastics Pollution

PepsiCo won the dismissal of New York’s lawsuit accusing the beverage and snack-food company of polluting the environment with single-use plastic packaging, as the judge criticized the state’s attorney general, Letitia James, for bringing...

Posted: Nov 04, 2024

Ergonomic Hazards

The federal Occupational Safety and Health Administration (OSHA) must do more to address ergonomic hazards at warehouses and delivery companies, where the number of injured workers in the growing sector are on the rise, according to a new report. The...

Posted: Nov 03, 2024

States Lead the Way on Better Insurance Markets

By Andrew Mais, Jon Godfread, Scott White, & Elizabeth (Beth) Kelleher Dwyer Most homeowning Americans consider their home their most valuable asset. This means that the changes happening in the property insurance market o which safeguards this a...

Posted: Nov 03, 2024

Digital Transformation in Insurance Marketing: How to Leverage Technology to Drive Growth and Engage...

The insurance industry has historically been slow to adopt new technologies o often relying on traditional outreach, marketing and client management methods. However, digital transformation has taken hold across the sector in recent years, radically...

Posted: Nov 03, 2024