Insurance Journal
The US sued the owner and the operator of a Singapore-flagged ship that rammed into a Baltimore bridge in March, the most aggressive action to date in response to a disaster that killed six workers and threw the region’s transportation …
Posted: Sep 18, 2024
A fire on an Energy Transfer LP natural gas liquids pipeline near Houston was caused by an SUV crashing through the fence of a Walmart store and into an above-ground valve to the line, local officials said. Preliminary reports indicate …
Posted: Sep 18, 2024
NEW ORLEANS (AP) — A federal appeals court has refused Monday to revive a defamation lawsuit that former NFL quarterback Brett Favre filed against a fellow Pro Football Hall of Fame member — former tight end Shannon Sharpe. Favre filed …
Posted: Sep 18, 2024
Hannah Whyte is one of thousands of Californians who have struggled to insure their property in the event of wildfire. Her 77-acre farm nestled deep in a wildfire-vulnerable forest lost its coverage from State Farm after the mountainous region burned...
Posted: Sep 18, 2024
Alabama’s wind-mitigation grant program has resulted in 50,000 fortified homes over the last decade, outpacing most other coastal states that offer similar programs. The Alabama Department of Insurance announced the milestone this week, giving...
Posted: Sep 18, 2024
Tech behemoth Oracle has agreed to settle a class action lawsuit for $115 million over allegations that it tracked consumer activity both on and offline. The suit alleges Oracle captured, compiled, and sold individuals’ data to third parties wi...
Posted: Sep 18, 2024
Hundreds of delivery drivers for e-commerce giant Amazon.com have joined the International Brotherhood of Teamsters, seeking improved wages, working conditions and safety standards, the labor union said on Monday. Workers across three Delivery Servic...
Posted: Sep 18, 2024
AT&T Inc. agreed to pay $13 million to settle an investigation by the US Federal Communications Commission into whether the telecommunications company failed to protect customer data that was stolen when a cloud vendor was hacked last year. The u...
Posted: Sep 18, 2024
The Awbury Group and Polo Managing Agency Ltd. have announced that Lloyd’s has granted “in principle” approval for Awbury Syndicate 2025 to commence underwriting from Jan. 1, 2025. Awbury Syndicate 2025 is focused on credit risks an...
Posted: Sep 18, 2024
The MEMIC Group, based in Portland, Maine, hired Scott Davis as a senior production underwriter overseeing the Virginia and District of Columbia territory. Davis, based in Virginia, joins MEMIC with over two decades of experience in multiline insuran...
Posted: Sep 18, 2024
Generali has reached an agreement to sell its 99.99% stake in its Turkish business, Generali Sigorta A.Ş., in a deal struck with four buyers in Turkey. Kiler Holding A.Ş. is buying a 42% stake in Generali Sigorta; Ekol Girişim Sermayesi …
Posted: Sep 18, 2024
Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from trade and shipping sources shows, helping to protect Moscow’s export revenue despite western sanctions. R...
Posted: Sep 18, 2024
Miami, FL., September 17, 2024 — Apex One Inspections & Surveys, a leading provider of home inspection and property survey services in both residential and commercial properties, is pleased to announce the expansion of its comprehensive home insp...
Posted: Sep 18, 2024
AUSTIN, Texas September 18, 2024—Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, is announcing today that its board of directors voted unanimously to approve a $350 million dividend distrib...
Posted: Sep 18, 2024
Volunteers and emergency personnel worked through the night to fortify the Polish city of Wroclaw against approaching flood waters, while Hungary opened a dam as the prime minister warned a “crucial period” was approaching. The worst floo...
Posted: Sep 18, 2024
Volunteers and emergency personnel raced to secure river banks and buildings in Poland and Hungary on Tuesday as flood waters that have wreaked havoc across central Europe began to rise in new areas and the Czech Republic reported another death. R...
Posted: Sep 18, 2024
Canadian Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing more affordable, a critical political issue that has hurt Prime Minister Justin Trudeau and his Liberal government. Fr...
Posted: Sep 18, 2024
Floods across 14 central and West African nations have affected at least 4 million people — rendering many of them homeless — killed about 1,000 and are devastating crops in a region that’s already short of food and plagued by …
Posted: Sep 18, 2024
Floods in Africa that are displacing millions of people from Guinea on the west coast to the Central African Republic more than 2,000 miles to the east are prompting warnings of dam bursts and disease. In Chad, rising waters in …
Posted: Sep 18, 2024
Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those vessels makes it hard …
Posted: Sep 18, 2024
Analytics from Lex Machina 2024 Trade Secret Litigation Report reveals a rise in trade secret cases filed in federal district court in 2023, along with the continued steady trend of trade secret cases that involved Defend Trade Secret Act (DTSA) R...
Posted: Sep 18, 2024
Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs to be used responsibly, according to Zywave Chief Technology Officer Doug Marquis, who takes a look at the som...
Posted: Sep 18, 2024
Chubb, AIG, and Amica lead other insurers in J.D. Power’s assessment of customer satisfaction for home insurance, but the consumer intelligence company said more people are shopping around. The good news for insurers is that only 2.2% actually...
Posted: Sep 18, 2024
State leaders tasked with reviewing Maine’s preparations and responses to climate change-fueled natural disasters are at a crossroads. While Maine has seen seven federal disaster declarations for severe storms and flooding in the past three yea...
Posted: Sep 18, 2024
State leaders tasked with reviewing Maine’s preparations and responses to climate change-fueled natural disasters are at a crossroads. While Maine has seen seven federal disaster declarations for severe storms and flooding in the past three yea...
Posted: Sep 18, 2024