Insurance Journal

Risk & Insurance Education Alliance and BrokerTech Ventures Launch New Insurtech Insurance Course

Austin, TX., October 15, 2024 – The Risk & Insurance Education Alliance, in collaboration with BrokerTech Ventures (BTV), is proud to introduce its latest educational initiative, the Introduction to Insurance for Insurtech Professionals module. F...

Posted: Oct 14, 2024

It’s Pig Iron Under Water!

This post is part of a series sponsored by Old Republic Surety. To some of my fellow insurance professionals, the surety business has always had an air of mystery about it. Perhaps it is the exotic language we use referring …

Posted: Oct 14, 2024

Wisconsin Recycling Company Fined $202K for Exposing Workers to Lead, Cadmium

A follow-up inspection by federal workplace safety investigators in April 2024 found a Janesville, Wisconsin recycling company continuing to expose employees to unsafe levels of lead and cadmium while they dismantled cathode ray tubes from older TVs,...

Posted: Oct 11, 2024

Inszone Acquires San Antonio Insurance Services

Inszone Insurance Services announced its acquisition of San Antonio Insurance Services, Texas-based agency known for its strong focus on trucking insurance and a broad array of property and casualty solutions. Founded in 2012 as a mother-daughter age...

Posted: Oct 11, 2024

People Moves: Alliant Adds Moseley to Midwest Office

Kama Moseley, JD, PLCS, CAPI, has joined Alliant Insurance Services as Senior Vice President, Producer with Alliant Private Client. Alliant Private Client. Alliant said that Kansas-based Moseley will enhance the national brokerage’s presence in...

Posted: Oct 11, 2024

West Texas Town Endures Another Well Blowout, Putting Residents at Risk

TOYAH — After a restless night of sleep, Elida Machuca texted her neighbor, searching for answers. The air around her house in this West Texas town stunk of rotten eggs. “Last night, about 1 a.m., it was so bad we …

Posted: Oct 11, 2024

East Palestine Residents Should Receive Payments During Class Action Appeal

People who lived near the disastrous East Palestine derailment last year should still be able to receive personal injury payments even while the bulk of their $600 million class action settlement with Norfolk Southern railroad remains on hold during...

Posted: Oct 11, 2024

Agents Report Limited Damage But More Claims Expected As Floridians Return Home

Insurance agents and carriers in the path of Hurricane Milton reported only minor damage to their own offices and homes but a rapidly growing number of claims from residential and commercial policyholders for roof, flood and auto damage. The Florida...

Posted: Oct 11, 2024

Fitch Expects Insurance Industry Losses of Up to $50B From Milton

Fitch Ratings expects Hurricane Milton to cause between $30 billion and $50 billion in insured losses to push total industry losses in 2024 above $100 billion for the fifth straight year. The range of losses expected by rating agency Fitch …

Posted: Oct 11, 2024

MIC Global Applies to Become Lloyd’s Coverholder of Greenlight Re’s Syndicate 3456

MIC Global (MIC), the full-stack embedded micro insurance provider, announced it has applied to become a Lloyd’s coverholder of Greenlight Re’s Syndicate 3456, subject to applicable approvals. This strategic move marks a strengthening of...

Posted: Oct 11, 2024

MIC Global Applies to Become Lloyd’s Coverholder for Greenlight Re’s Syndicate 3456

MIC Global (MIC), the full-stack embedded micro insurance provider, announced it has applied to become a Lloyd’s coverholder for Greenlight Re’s Syndicate 3456, subject to applicable approvals. This strategic move marks a strengthening of...

Posted: Oct 11, 2024

Milton’s Surprise Was the Damage Unleashed by Powerful Winds

Storm Weakened But Still Brought 120-mph Winds to St. Petersburg Area Hurricane Milton’s devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and crops, as authorities warn it could take days to...

Posted: Oct 11, 2024

New York Mets Hit With Class Action Alleging Biometric Privacy Violations

The company that owns the New York Mets professional baseball team is the target of a class action lawsuit alleging the organization collects and profits from fans’ biometric information at its stadium, CitiField, in violation of the city&#8217...

Posted: Oct 11, 2024

Bayer Must Pay $78 Million in Latest Roundup Cancer Trial, Jury Finds

Bayer must pay $78 million to a Pennsylvania man who said he got cancer from using the company’s Roundup weedkiller, a state court jury in Philadelphia found on Thursday. The verdict follows previous consecutive victories for Bayer in that cour...

Posted: Oct 11, 2024

Pilot Dies in Crash of Replica WWI-Era Plane During Upstate New York Airshow

A replica of a World War I-era fighter plane caught fire and crashed during an airshow in upstate New York, killing the pilot, according to police. Brian Coughlin, 60, died Saturday after the Fokker D.VIII replica went down during an …

Posted: Oct 11, 2024

Economic Challenges, Cyber, and People Risks Top UK Businesses’ Concerns: Marsh

Economic and financial challenges (43%), cyber threats (39%) and people-related risks (38%) are the top three concerns facing UK businesses over the next 12 months, according to new research by Marsh McLennan. The findings come from Marsh’s UK...

Posted: Oct 11, 2024

Coal Expansion Helps Lure Insurers Back to Australia Producer Whitehaven

Whitehaven Coal Ltd., one of Australia’s largest coal producers, shelved a planned special purpose vehicle originally intended to provide in-house insurance after finding external insurers willing to take on the risk. The development follows Sy...

Posted: Oct 11, 2024

Fecal Contamination in Perrier Well Adds to $300 Billion Sector’s Hurdles

In the arid highlands near the town of Vergèze in southern France, the sun beats down on a small stone house as the buzz of cicadas fills the air. Until a few months ago, beneath this tile-roofed structure, a pump …

Posted: Oct 11, 2024

Perrier Well Contamination Sparks Scrutiny for Luxe Water Brand

In the arid highlands near the town of Vergèze in southern France, the sun beats down on a small stone house as the buzz of cicadas fills the air. Until a few months ago, beneath this tile-roofed structure, a pump …

Posted: Oct 11, 2024

Fresh Appetite for Risk Can Help Arrest Britain’s Downward Spiral, Think Tank Says

Britain’s decade-long economic downward spiral could be reversed with a fresh appetite for risk that might help boost annual investment by a required 100 billion pounds ($131 billion) over the next decade, a leading think tank said on Friday. I...

Posted: Oct 11, 2024

People Moves: Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines; Aon Promotes Leaders Within...

Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines Zurich North America hired Nora Hattauer as head of financial lines for Zurich’s U.S. national accounts and middle market businesses. Hattauer officially starts her role at Zurich o...

Posted: Oct 11, 2024

People Moves: Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines; Aon Promotions in Financial...

Zurich N.A. Hires AIG’s Hattauer to Head Financial Lines Zurich North America hired Nora Hattauer as head of financial lines for Zurich’s U.S. national accounts and middle market businesses. Hattauer officially starts her role at Zurich o...

Posted: Oct 11, 2024

Howden Alleged to Have Poached Insurance Rival’s Team in UK Suit

One of the UK’s top insurers is accused of using a team of “recruiting sergeants” to poach talent from a rival that led to mass resignations in Brazil and London. Aon UK Ltd. sued Howden Group Holdings Ltd. in the …

Posted: Oct 11, 2024

Severity of Ransomware Attacks Rose 68% in First Half of 2024, Report Shows

Ransomware claims severity spiked by 68% to an average loss of $353,000, according to a new report by a cyber insurance provider. Coalition published its 2024 Cyber Claims Report: Mid-Year Update, which details emerging cyber trends and their impact...

Posted: Oct 11, 2024

Group of Scientists Say Climate Change Drove Helene Impacts

Climate change was a key driver of the devastating impacts of Hurricane Helene, a group of scientists said this week. Hurricane Helene made landfall as a Category 4 major hurricane west-southwest of Perry, Taylor County, Florida on Sept. 27, with &#8...

Posted: Oct 11, 2024