Insurance Journal
Migraine drugs represent a small percentage of prescriptions dispensed to injured workers in California, but they make up a larger share of workers’ compensation drug payments, a new report shows. Fewer than 1% of all prescriptions dispensed to...
Posted: Oct 08, 2024
A growing number of utilities are resorting to an extreme measure to prevent their equipment from sparking catastrophic wildfires: turning off the power. Electric companies serving about 24 million homes and businesses across the fire-prone US West n...
Posted: Oct 08, 2024
Inszone Insurance Services acquired Schmoekel Insurance Agency Inc. in Sacramento, California. Founded in 1948 by Max Schmoekel, Schmoekel Insurance Agency was initially known as a non-standard insurance agency, specializing in finding coverage for h...
Posted: Oct 08, 2024
This post is part of a series sponsored by Selectsys. In today’s competitive insurance market, operational efficiency and accuracy are essential for success. Managing General Agents (MGAs), wholesalers, and carriers need to streamline their pro...
Posted: Oct 07, 2024
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, has appointed Tine Simonsen as the company’s head of Insurance for Continental Europe. As an experienced cyber underwriter and broking leader, Simonsen wil...
Posted: Oct 07, 2024
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Shelter Mutual Insurance Company (Shelter...
Posted: Oct 07, 2024
Bowen, Miclette & Britt Insurance Agency, LLC (BMB) has completed the acquisition of M Surety Services, a provider of contract surety bonds. BMB said the acquisition further strengthens its position in the surety bond market, following a series o...
Posted: Oct 07, 2024
MNK Group has launched a specialty reinsurance subsidiary in Labuan, Malaysia, called Pt Mekong Re. The business will offer flexible reinsurance solutions across Asia Pacific in addition to South Asia, the Gulf Cooperation Council (CGC) and Eastern E...
Posted: Oct 07, 2024
Baltimore Mayor Brandon M. Scott has unveiled the terms of the settlement reached last month with Walgreens to resolve the city’s claims against the company for its role in fueling the opioid epidemic in Baltimore. The city also said it …
Posted: Oct 07, 2024
The U.S. Supreme Court declined on Monday to hear a challenge by Uber and Lyft to lawsuits by the state of California on behalf of drivers who signed agreements to keep legal disputes with the ride-hailing companies out of court …
Posted: Oct 07, 2024
Lockton, headquartered in Kansas City, Missouri, named Michael Walsh to the company’s Northeast region team as its New England market leader, property/casualty, focusing on the greater Boston market. Walsh has over 20 years of experience in var...
Posted: Oct 07, 2024
SPRINGFIELD, Ill. (AP) — A federal report on a tanker-truck crash a year ago in central Illinois that spilled a toxic chemical and killed five people includes an interview with a 17-year-old Ohio girl who concedes that the truck was …
Posted: Oct 07, 2024
The U.S. Supreme Court declined on Monday to hear former pharmaceutical company CEO Martin Shkreli’s challenge to a $64.6 million financial penalty imposed by a judge after he raised a lifesaving drug’s price by more than 4,000%. The just...
Posted: Oct 07, 2024
CHIMNEY ROCK VILLAGE, N.C. (AP) — The stone tower that gave this place its name was nearly a half billion years in the making — heated and thrust upward from deep in the Earth, then carved and eroded by wind …
Posted: Oct 07, 2024
CHIMNEY ROCK VILLAGE, N.C. (AP) — The stone tower that gave this place its name was nearly a half billion years in the making — heated and thrust upward from deep in the Earth, then carved and eroded by wind …
Posted: Oct 07, 2024
Another day, another hurricane. That may be the thought in the minds of thousands of Floridians as Hurricane Milton makes its way toward the west coast of Florida – the fourth hurricane in 14 months to target the low-lying shoreline …
Posted: Oct 07, 2024
Italian prosecutors on Saturday accused seven people and two sub-contractors of crimes including fraud and breaching airplane safety rules following an investigation into suspected flawed parts produced by an Italian company for Boeing. The prosecuto...
Posted: Oct 07, 2024
A California vineyard owner is suing Santa Clara County after officials fined him for allowing his longtime employee to live in an RV on his property for years. Michael Ballard, whose family owns Savannah-Chanelle Vineyards in a town south of …
Posted: Oct 07, 2024
A California vineyard owner is suing Santa Clara County after officials fined him for allowing his longtime employee to live in an RV on his property for years. Michael Ballard, whose family owns Savannah-Chanelle Vineyards in a town south of …
Posted: Oct 07, 2024
Total insured loss from Hurricane Helene is now estimated at between $10.5 billion and $17.5 billion—a figure that continues to grow as more damages are assessed, pushing catastrophe modelers to continually revise estimates upward. The estimate out f...
Posted: Oct 07, 2024
Total insured loss from Hurricane Helene is now estimated at between $10.5 billion and $17.5 billion—a figure that continues to grow as more damages are assessed, pushing catastrophe modelers to continually revise estimates upward. The estimate out f...
Posted: Oct 07, 2024
The Africa Centres for Disease Control and Prevention said mpox is spreading rapidly in the Democratic Republic of Congo’s capital Kinshasa, a city of 17 million people, and a case in Ghana brings to 16 the number of countries on …
Posted: Oct 07, 2024
Karen Read is seeking to delay a wrongful death lawsuit filed by the family of her Boston police officer boyfriend until her criminal trial in connection with his death is done. The lawsuit filed last month blames the death of …
Posted: Oct 07, 2024
Amid inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, insurers and repairers will have a bumpy road to navigate in the year ahead, according to CCC Intelligent Solutions Inc.’s Crash Course Q...
Posted: Oct 07, 2024
When Hurricane Helene barreled ashore last week, it caused devastating flooding across the southeastern U.S., including in the Shore Acres area of St. Petersburg, Florida. The neighborhood saw 6 feet of storm surge, which flooded roads and homes. It...
Posted: Oct 07, 2024