Insurance Journal
Axis Isurance Managers Inc., the Vancouver, Canada-based insurance broker, announced it has acquired the O’Neill Group, one of British Columbia’s premier employee group benefits, life insurance, and wealth advisory firms. Financial detail...
Posted: Sep 25, 2024
U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. 1 strike that could jam supply chains …
Posted: Sep 25, 2024
Citizens Property Insurance Corp., Florida’s largest insurer, has suspended policy binding ahead of predicted Hurricane Helene, and a board member asked if the carrier could do more to help policyholders manage flood insurance claims from the l...
Posted: Sep 25, 2024
Sompo, the Bermuda-based provider of commercial and consumer property/casualty insurance and reinsurance, announced the launch of a new national marine insurance proposition for the United Kingdom. Sompo’s Marine Cargo UK policy and its Transpo...
Posted: Sep 25, 2024
For the fourth time in six years, cyber risk ranked highest as a concern for business leaders. In fact, this year cyber as a top concern reached an all time high, according to the 2024 Travelers Risk Index. Cyber was …
Posted: Sep 25, 2024
Insurance broker WTW has launched a new China Client Division within Corporate Risk and Broking, North America (CRB NA), as part of its strategy to expand its presence and broaden offerings focused on the Chinese market. The new China Client …
Posted: Sep 25, 2024
JACKSON, Miss. (AP) — Attorneys for two Black men who were tortured by Mississippi law enforcement officers said Monday that they expect to file more lawsuits on behalf of other people who say they were brutalized by officers from the …
Posted: Sep 25, 2024
The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in September, will be the most severe flood event in about a decade, carrying an insurance price tag of an estimated …
Posted: Sep 25, 2024
Alkeme, a large insurance brokerage based in California, announced the acquisition of Surry Insurance, one of the oldest insurance agencies in Nouth Carolina. Alkeme officials said in a statement that the move expands Alkeme’s presence in the S...
Posted: Sep 25, 2024
Australia’s federal court has fined Vanguard Investments Australia Ltd. A$12.9 million ($8.9 million) for making misleading claims about a fund, the highest penalty issued in the country so far over greenwashing. In March, the court found the i...
Posted: Sep 25, 2024
An Ernst & Young (EY) office in western India, which employed a 26-year-old who allegedly died after facing a high workload, has operated since 2007 without a state permit which regulates work hours, a senior government official told Reuters. EY...
Posted: Sep 25, 2024
Record rainfall leading to flooding that killed 24 people in Europe earlier in September was twice as likely due to manmade climate change, a study has found. The flooding took place across central Europe after Storm Boris stalled over the …
Posted: Sep 25, 2024
Brady Kelley, president and CEO of the Wholesale & Specialty Insurance Association, said the organization has been doing a lot to promote the E&S segment in hopes of attracting talent “There is no doubt a real race for talent in …
Posted: Sep 25, 2024
A much higher percentage of insurance chief executives say that generative AI is a top investment priority for their firms than peers in other industries, according to a survey report published by professional services firm KPMG. Roughly eight-in-10...
Posted: Sep 25, 2024
Purdue Pharma LP said its making progress in settlement talks with members of the Sackler family who own the company and won another extension of a breathing spell that’s shielded the family from civil lawsuits for years. Judge Sean Lane …...
Posted: Sep 25, 2024
Michigan-based Highstreet Insurance Partners has acquired the Mitchell Agency, headquartered in Largo, Florida, near St. Petersburg. Highstreet said in a news release that the Florida agency and its eight employees will be under the direction of Gulf...
Posted: Sep 25, 2024
Californians for the past 54 years have relied on the state’s “lemon law” to fight back against car makers that sell them defective vehicles. Now, critics say Californians’ ability to recoup their money after buying a clunker...
Posted: Sep 25, 2024
Californians for the past 54 years have relied on the state’s “lemon law” to fight back against car makers that sell them defective vehicles. Now, critics say Californians’ ability to recoup their money after buying a clunker...
Posted: Sep 25, 2024
A Maine man damaged 75 vehicles at an automobile dealership, smashing windows and denting hoods of vehicles before he was arrested, police said. The 25-year-old man from Auburn was charged with aggravated criminal mischief early Sunday, police said....
Posted: Sep 25, 2024
A Maine man damaged 75 vehicles at an automobile dealership, smashing windows and denting hoods of vehicles before he was arrested, police said. The 25-year-old man from Auburn was charged with aggravated criminal mischief early Sunday, police said....
Posted: Sep 25, 2024
At the 2016 dedication of the first state-sponsored electric vehicle charging station in Beatty, former Gov. Brian Sandoval demonstrated how easy it was to charge an electric Ford Focus. “This is the first electric highway in the United States,...
Posted: Sep 25, 2024
Insurers have failed to win dismissal of a federal COVID-19 business interruption lawsuit against them by the luxury hotel chain Mandarin Oriental. Judge John P. Cronan of U.S District Court in New York found that endorsement language about coverage...
Posted: Sep 25, 2024
CHICAGO (AP) — More than 200 men and women were sexually abused as children while in custody at juvenile detention centers in Illinois, according to lawsuits filed Monday, the latest in a string of complaints alleging decades of systemic child …...
Posted: Sep 24, 2024
This post is part of a series sponsored by Selectsys. In the ever-evolving insurance industry, data analysis has become a cornerstone of the underwriting process. By leveraging data, underwriters can make more informed decisions, assess risks more ac...
Posted: Sep 24, 2024
This post is part of a series sponsored by CoreLogic. In the summer of 2023, there were several hailstorms in the Minneapolis area that each caused more than a billion dollars in damage. The Minneapolis area wasn’t alone. There were …
Posted: Sep 24, 2024