Insurance Journal
Back-to-back hurricane landfalls in the span of less than two weeks have placed flood insurance in a new light for many inside and outside of the insurance industry, if not front and center. Images of flood and storm damage from …
Posted: Oct 30, 2024
JPMorgan Chase, the largest U.S. bank, has begun suing customers for check fraud, saying they improperly withdrew funds by taking illegal advantage of a temporary technical glitch that went viral on TikTok. The glitch in late August let customers dep...
Posted: Oct 30, 2024
McDonald’s was sued on Tuesday by consumers in a proposed class action stemming from the E.coli outbreak linked to onions in the fast-food chain’s Quarter Pounders. Amanda McCray of Chicago and William Michael Kraft of Davie, Florida, sai...
Posted: Oct 30, 2024
McDonald’s was sued on Tuesday by consumers in a proposed class action stemming from the E.coli outbreak linked to onions in the fast-food chain’s Quarter Pounders. Amanda McCray of Chicago and William Michael Kraft of Davie, Florida, sai...
Posted: Oct 30, 2024
McDonald’s was sued on Tuesday by consumers in a proposed class action stemming from the E.coli outbreak linked to onions in the fast-food chain’s Quarter Pounders. Amanda McCray of Chicago and William Michael Kraft of Davie, Florida, sai...
Posted: Oct 30, 2024
Scheduled airline ground crews, including baggage handlers and maintenance workers, file injury claims for work-related musculoskeletal disorders at more than 10 times the statewide average, according to the Washington State Department of Labor &...
Posted: Oct 30, 2024
Arthur J. Gallagher & Co. acquired Snoqualmie, Washington-based Adept Benefits LLC. Adept Benefits is a health and benefits consulting firm serving clients in the greater Seattle area. Megan Narrance and her team will remain in their current loca...
Posted: Oct 30, 2024
A pilot program testing AI-powered weapons scanners inside some New York City subway stations this summer did not detect any passengers with firearms — but falsely alerted more than 100 times, according to newly released police data. Through nearly 3...
Posted: Oct 30, 2024
This post is part of a series sponsored by Selectsys. As Cyber and Technology Errors & Omissions (Tech E&O) risks grow, insurers face increasing pressure to provide accurate, fast, and competitive coverage. Underwriters need tools that reduce...
Posted: Oct 29, 2024
Residents in parts of eastern Massachusetts woke to the acrid smell of smoke Monday as firefighters worked to extinguish several brush fires. The National Weather Service said on the social platform X that smoke was trapped near the ground during ...
Posted: Oct 29, 2024
Chubb recorded an 11.7% increase in P/C underwriting income with a combined ratio of 87.7 as part of third quarter net income of about $2.2 billion, up 13.8% CEO Evan G. Greenberg said the Whitehouse Station, New Jersey-based insurer is …
Posted: Oct 29, 2024
New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply to new and renewal policies e...
Posted: Oct 29, 2024
Ron Novak joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president and producer within its employee benefits group. Novak, based in Greater Fayetteville, Arkansas, works with employers across Arkansas, Oklahoma...
Posted: Oct 29, 2024
The Justice Department announced that it secured a settlement agreement with State Farm resolving the department’s determination that one of State Farm’s corporate offices in Richardson, Texas, violated the Immigration and Nationality Act...
Posted: Oct 29, 2024
The U.S. Environmental Protection Agency announced last month a settlement with Underwater Creations Inc. of St. Louis Park, Minnesota, to stop the sale of unregistered pesticide products. The settlement requires the company to stop production and pa...
Posted: Oct 29, 2024
Five related entities operating Culver’s restaurants in Michigan violated federal law when they fired a transgender employee and three of his colleagues after they complained about harassment, the U.S. Equal Employment Opportunity Commission (E...
Posted: Oct 29, 2024
Clear Group, the UK independent insurance broker that is owned by Private Equity at Goldman Sachs Alternatives, has entered the wholesale Lloyd’s broker space with the acquisition of Lilley Plummer Risks Ltd., a London-based marine and property...
Posted: Oct 29, 2024
The Hartford and cyber-MGA Coalition announced a strategic, long-term capacity partnership in response to growing customer and broker demand for Coalition’s active cyber insurance approach in the UK market. The new capacity agreement combines t...
Posted: Oct 29, 2024
The third quarter of 2024 saw a number of significant disaster events, which drove year-to date economic losses above at least $258 billion and insured losses of $102 billion, according to Aon plc in its Q3 Global Catastrophe Recap – …
Posted: Oct 29, 2024
Nearly 1,000 hurricane-impacted households in North Carolina and Florida will benefit this week from a new disaster aid program that employs a model not commonly used by philanthropy in the United States: Giving people rapid, direct cash payments. Th...
Posted: Oct 29, 2024
In the final moments before he took his own life, 14-year-old Sewell Setzer III took out his phone and messaged the chatbot that had become his closest friend. For months, Sewell had become increasingly isolated from his real life as …
Posted: Oct 29, 2024
North Carolina Gov. Roy Cooper approved more than $600 million worth of disaster relief funding last Friday for western North Carolina counties affected by Hurricane Helene after legislators passed the recovery bill the day before. The bill is the se...
Posted: Oct 29, 2024
Six months after a North Carolina captive insurance firm for nursing homes around the country accused its managers of poaching proprietary software and forming a competing management company, a federal judge has dismissed the lawsuit. “Plaintif...
Posted: Oct 29, 2024
WTW announced the expansion of its Corporate Risk & Broking (CRB) business in Japan with the launch of an insurance brokerage service. The new service will offer insurance solutions to commercial clients, as well as wholesale facultative reinsura...
Posted: Oct 29, 2024
A new lawsuit accuses Subway of “grossly misleading” customers by advertising sandwiches that contain at least three times more meat than it delivers. According to a proposed class action filed on Monday in federal court in Brooklyn, Subw...
Posted: Oct 29, 2024