Insurance Journal
President Joe Biden ratcheted up pressure on US port employers and shipping lines to restart talks with striking dock workers, warning that the unfolding strike could turn into a “man-made disaster.” Biden spoke about the strike that has...
Posted: Oct 03, 2024
The fire that razed the historic Maui town of Lahaina last year was caused when Hawaiian Electric Industries Inc. re-energized broken utility lines that caused sparks to ignite unmaintained dry vegetation, the Maui Fire Department said. The blaze was...
Posted: Oct 03, 2024
Maryland Gov. Wes Moore signed an executive order Tuesday that aims to transform 5,000 vacant properties in Baltimore into homeownership or other positive outcomes in five years. The order creates a program called Reinvest Baltimore. It will coordina...
Posted: Oct 03, 2024
Pine Walk Capital Ltd., the specialist MGA incubator platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Silverflame Re, a new specialty reinsurance MGA. Silverflame Re will complement The Fidelis Partnershi...
Posted: Oct 03, 2024
On a warm spring night in Athens, shortly before midnight, a senior executive at a Greek shipping company noticed an unusual email had landed in his personal inbox. The message, which was also sent to the manager’s business email address, ̷...
Posted: Oct 03, 2024
Hinterland continues upward growth trend with increased capacity for commercial and package property markets Denver, CO, October 3, 2024 – Hinterland Insurance (Hinterland), an independent insurance MGA and Program Administrator, today announced an e...
Posted: Oct 03, 2024
Kingfisher Insurance Services Ltd., the London-based specialist insurance broker, has acquired MIS Motorsport’s commercial business in the UK and Ireland. Financial details of the transaction were not disclosed. As part of the acquisition, a ne...
Posted: Oct 03, 2024
Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has completed the acquisition of certain assets of the European managing general agent, Geo Underwriting Europe BV (Geo Europe), part of The Ardonagh Group. The de...
Posted: Oct 03, 2024
The share of UK financial services firms worried about geopolitical risks is at its highest level since the 2008 crash, the Bank of England said. The BOE’s biannual systemic risk survey, which began during the financial crisis, said on Wednesda...
Posted: Oct 03, 2024
Typhoon Krathon crossed the southwest coast of Taiwan packing dangerous winds, with the storm leaving thousands of customers without power and shutting the stock exchange a second day. Krathon had maximum sustained winds of 126 kilometers (78 miles)...
Posted: Oct 03, 2024
Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer AXA over jets retained in Russia since the 2022 invasion of Ukraine, raising the prospect of further deals as a London High Court “mega trial” kicked o...
Posted: Oct 03, 2024
Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer AXA over jets retained in Russia since the 2022 invasion of Ukraine, raising the prospect of further deals as a London High Court “mega trial” kicked o...
Posted: Oct 03, 2024
The U.S. National Highway Traffic Safety Administration said owners of 154,000 Jeep plug-in hybrid electric SUVs should park outside and away from buildings or other vehicles until they get recall repairs completed. Jeep-parent Stellantis on Sept. 30...
Posted: Oct 03, 2024
Amazon.com has been accused by a U.S. labor board of illegally refusing to bargain with a union representing drivers employed by a contractor, the agency announced on Wednesday. The complaint from the National Labor Relations Board claims that Amazon...
Posted: Oct 03, 2024
The long-time president and engineer of an upscale Miami-area condominium remained in jail late Wednesday after he was charged with stealing $1.5 million in association fees over the last seven years. It’s the second time in two years that a &#...
Posted: Oct 03, 2024
Inszone Insurance Services acquired Dan Davis Insurance Solutions in San Jose, California. Dan Davis Insurance Solutions is an insurance agency that specializes in serving the homeowner association board members, HOA members and community managers se...
Posted: Oct 03, 2024
The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) promoted Tony Milano to executive vice president and chief actuary. In his new role, Milano leads the actuarial services, research and data analytics teams, overseeing the...
Posted: Oct 03, 2024
Research by the Federal Reserve Bank of New York finds that nearly one million houses and multifamily buildings in New York, New Jersey, and Connecticut—one in 10 properties in the tri-state area—are at high risk of flooding. These properties rank &#...
Posted: Oct 03, 2024
A Virginia school board has agreed to pay $575,000 in a settlement to a former high school teacher who was fired after he refused to use a transgender student’s pronouns, according to the advocacy group that filed the suit. Conservative …
Posted: Oct 03, 2024
Karen Clark & Co., the well-regarded storm modeling and analytics firm, estimates that privately insured losses from Hurricane Helene will be about $6.4 billion – from wind, storm surge and inland flooding in nine states. The figure includes resi...
Posted: Oct 02, 2024
The total acres burned in California this year surpassed 1 million as spiking temperatures this week added to the challenges facing firefighters struggling to contain a stubborn blaze in the mountains northeast of Los Angeles that flared up over the...
Posted: Oct 02, 2024
The Louisiana of Department of Insurance (LDI) is warning residents to be cautious of online scams related to Hurricane Francine insurance claims. The LDI has detected an increase in online advertising activity related to Hurricane Francine, some of...
Posted: Oct 02, 2024
Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines satisfaction reaching an all-time high. According...
Posted: Oct 02, 2024
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Farmers Insurance Company of Flemington. AM Best said the...
Posted: Oct 02, 2024
The legal squabble between American International Group (AIG) and a startup-up formed by some former employees continued this week with another filing from Dellwood Insurance Group in support of its motion to dismiss AIG’s claims. Dellwood, in...
Posted: Oct 02, 2024