Insurance Journal
New Mexico’s attorney general has filed a lawsuit against the company behind Snapchat, alleging that site’s design and policies foster the sharing of child sexual abuse material and facilitate child sexual exploitation. Attorney General R...
Posted: Sep 12, 2024
Lloyd’s of London said on Thursday it plans to overhaul its rules on dealing with poor conduct in the commercial insurance market as its current processes for dealing with bad behavior could be “unclear.” The Lloyd’s of London...
Posted: Sep 12, 2024
Firefighters battling three major wildfires in the mountains east of Los Angeles took advantage of cooler weather Wednesday as they slowly gained the upper hand, but not before dozens of homes were destroyed and thousands of people were forced to ...
Posted: Sep 12, 2024
For the sixth straight year, U.S. excess and surplus insurers in 2023 saw double-digit growth in direct written premiums. E&S direct written premiums (DWP) grew 15% last year to increase its share of the total property/casualty market to 9%, acco...
Posted: Sep 12, 2024
Lehigh Valley Health Network has agreed to a $65 million settlement of a class action with patients and employees affected by a 2023 ransomware attack that exposed personal and medical information including nude photos of patients. Every settlement c...
Posted: Sep 12, 2024
Lehigh Valley Health Network has agreed to a $65 million settlement of a class action with patients and employees affected by a 2023 ransomware attack that exposed personal and medical information including nude photos of patients. Every settlement c...
Posted: Sep 12, 2024
EverPeak Insurance, a workers’ compensation insurer that specializes in hard-to-place industries and small businesses, has recently expanded into South Carolina. Vice President and Chief Operating Officer Vlad Stojanovic said the move will help...
Posted: Sep 12, 2024
With summer drawing to a close in Canada, the 2024 wildfire season is shaping up as one of the most destructive on record, largely due to the devastation caused by a blaze that ripped through a tourist town in the …
Posted: Sep 12, 2024
Mastercard Inc. agreed to buy cyber-defense firm Recorded Future for $2.65 billion to boost its ability to protect the card company’s massive global-payments system. The purchase from private equity firm Insight Partners will expand Mastercard&...
Posted: Sep 12, 2024
Carlos Quiles says he was seriously injured in May 2022 when the Uber he was traveling in crashed into two parked cars in Queens — after the driver lost control of his Toyota while trying to clear a fly or …
Posted: Sep 12, 2024
Vermont has failed to complete many actions in its five-year hazard mitigation plan aimed at reducing the risk from natural disasters such as flooding, according to a new report from the state auditor’s office. The plan is developed by Vermont...
Posted: Sep 12, 2024
Typhoon Bebinca is forecast to hit the east coast of China early Monday, threatening to bring excessive rainfall that could disrupt oil refineries and LNG import terminals and paralyze transport. The expected landfall of Bebinca, currently more than...
Posted: Sep 12, 2024
Thailand warned a new storm may cause more floods and landslides, while death toll from Typhoon Yagi and the monsoon rains continued to rise. More than 40 provinces were placed on alert for possible flash floods as a new tropical …
Posted: Sep 12, 2024
Westfield Center, Ohio – September 5, 2024 – Westfield Bank has announced the addition of three new top producers to its agency banking business vertical. The new hires include Mike Strakhov, serving in the role of SVP, agency banking market …
Posted: Sep 12, 2024
This post is part of a series sponsored by Old Republic Surety. What’s the difference between surety bonds and insurance? That’s a question I hear often, and it’s a good starting point for discussion. Knowing those differences helps...
Posted: Sep 12, 2024
Swiss insurer Baloise said on Thursday it plans to boost return on equity and will consider share buybacks after activist-investor Cevian Capital this week revealed it held more than 9% of the company’s stock, becoming its top stakeholder. Balo...
Posted: Sep 12, 2024
Taiwan financial conglomerate Taishin said it would raise its offer for peer Shin Kong by 25% to about T$222.4 billion ($7 billion), in a deal that would be Taiwan’s biggest-ever financial services industry merger. Taishin and Shin Kong’s...
Posted: Sep 12, 2024
Two organizations recently expressed optimism that the softening cyber market that emerged in 2023 will remain favorable into the future. In separate reports, Moody’s Ratings and Amwins Brokerage offered insights on the sector’s landscape...
Posted: Sep 12, 2024
U.S. utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data from Check Point Research, underlining the escalating threat to a critical infrastructure. The utilities and power infrastructure across th...
Posted: Sep 12, 2024
An academic paper published in the Journal of Insurance Regulation seems to have rekindled the debate over how much of an impact litigation and fraud have had on property insurance losses and premiums, particularly in Florida. The paper, “The C...
Posted: Sep 12, 2024
Meister Joins Sertis as SVP, Distribution Partnerships Sertis, headquartered in Reno, Nevada, appointed Kurt Meister as senior vice president, distribution partnerships. Meister has more than 36 years of experience in the insurance industry, includin...
Posted: Sep 12, 2024
For the second year in a row, State Farm auto claims data has revealed a significant drop in catalytic converter theft claims. There was a 74 % drop for the first half of 2024 compared to the same period in …
Posted: Sep 12, 2024
Five professional models who sued long after a state’s three year statute of limitations expired may pursue their defamation claims against an adult entertainment nightclub for posting their images to the giant social media site Facebook withou...
Posted: Sep 12, 2024
AM Best has downgraded the Financial Strength Rating to C++ (Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating to “b” (Marginal) from “bb-” (Fair) of Wolverine Mutual Insurance Company, based in Dowagiac, Michiga...
Posted: Sep 11, 2024
An Iowa hotel worker was charged with insurance fraud, the Iowa Insurance Division announced Sept. 10. Jose De Jesus Rodriguez Esparza, age 39, was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) and Id...
Posted: Sep 11, 2024