Insurance Journal
Hurricane Francine packed power just as it slammed into the coast of Louisiana, reaching Category 2 strength with 100 miles per hour winds and a dangerous storm surge. The storm made landfall in Terrebonne Parish, around 6 p.m. Eastern time …
Posted: Sep 11, 2024
In its latest court filing to keep alive a lawsuit against start-up Dellwood Insurance, American International Group said its new competitor failed to explain why the suit cannot go on. AIG argued in a brief filed yesterday in U.S. District …
Posted: Sep 11, 2024
This post is part of a series sponsored by Selectsys. In the rapidly evolving insurance industry, traditional management systems often fall short of meeting the demands of today’s digital landscape. Manual processes, outdated interfaces, and li...
Posted: Sep 11, 2024
Kimmi Cantwell, President of the Texas Surplus Lines Association, Inc., announced that TSLA unveiled its new website and management system. This upgrade simplifies event registration, member updates, and membership applications. Key features include...
Posted: Sep 11, 2024
The Louisiana Department of Insurance issued guidance for residents who have a homeowners policy with Additional Living Expenses (ALE) coverage ahead of Hurricane Francine. ALE coverage pays for additional living expenses like hotel stays and food wh...
Posted: Sep 11, 2024
Hurricane Francine is closing in on Louisiana with high winds and dangerous storm surge, picking up speed as it nears the coast. Francine is a Category 1 hurricane with top winds holding steady at 90 miles (145 kilometers) per hour, …
Posted: Sep 11, 2024
Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100 million during 2023, according to Swiss Re executives. Social inflation in US rose to 7% in 2023 – a 20 …
Posted: Sep 11, 2024
VOLGA, S.D. (AP) — Two people have died in an accident at a farm silo in South Dakota. The Brookings County Sheriff’s Office said in a Facebook post that the accident happened just before noon Saturday on a farm near …
Posted: Sep 11, 2024
Very few people who live near the East Palestine, Ohio, train derailment opted out of a $600 million class action settlement despite residents’ reservations about whether the deal offers enough, so lawyers argue the agreement should be approved...
Posted: Sep 11, 2024
CHICAGO (AP) — A federal jury has awarded $50 million in damages to a suburban Chicago man who was exonerated in a murder and released from prison in 2018 after spending about 10 years behind bars. Monday’s unanimous jury verdict …
Posted: Sep 11, 2024
Mississippi’s insurance commissioner is reminding policyholders that once Hurricane Francine moves across Louisiana, it will likely bring strong winds and heavy rains to the western part of the Magnolia State. And residents should be prepared b...
Posted: Sep 11, 2024
A quick-moving wildfire raced toward Southern California mountain communities as authorities warned residents to evacuate. The Bridge fire exploded on Tuesday, burning into the Wrightwood community and nearby Mountain High ski resort. The fire has bu...
Posted: Sep 11, 2024
Russia’s National Settlement Depository lost a bid to overturn European Union sanctions over its alleged role in helping fund President Vladimir Putin’s invasion of Ukraine. The Moscow-based institution was hit by EU sanctions in 2022 whe...
Posted: Sep 11, 2024
Deteriorating market conditions and rising loss costs led to a 60 percent increase in rating downgrades of AM Best-rated U.S.-based insurers in 2023 compared with two years earlier, according to a newly issued report. The latest Best’s Special...
Posted: Sep 11, 2024
Newswise — Severe drought in the American Southwest and Mexico and more severe wet years in the Northeast are the modern norm in North America, according to new research – and the analysis suggests these seasonal patterns will be more …
Posted: Sep 11, 2024
Two Delta Air Lines jets collided on the ground at Atlanta’s Hartsfield-Jackson International Airport Tuesday, knocking the tail off of the smaller regional plane. Multiple news sources reported that no one was injured and passengers were booke...
Posted: Sep 11, 2024
A month after Hurricane Debby made landfall in northern Florida, the number of property insurance claims has reached almost 20,000, and total estimated insured losses are more than $121.5 million, the Florida Office of Insurance Regulation reported t...
Posted: Sep 11, 2024
Norfolk Southern’s CEO Alan Shaw is under investigation for potential ethical lapses, the railroad confirmed Monday. A spokeswoman for the Atlanta-based railroad that is one of North America’s six largest declined to offer any additional...
Posted: Sep 11, 2024
A Ridgefield Park, New Jersey-based labor union for longshoremen, healthcare, maintenance and other workers has reported a cyber incident that may have exposed some members’ private information. The office for Local 1964, International Longshor...
Posted: Sep 11, 2024
The wife of a California inmate will receive $5.6 million after being sexually violated during a strip search when she tried to visit her husband in prison, her attorneys said. After traveling four hours to see her husband at a …
Posted: Sep 11, 2024
Electronic-payment gateway Slim CD has notified customers that its systems were hacked starting more than a year ago, potentially exposing the names, addresses, and credit card information of nearly 1.7 million individuals. The Coral Springs, Florida...
Posted: Sep 11, 2024
Electronic-payment gateway Slim CD has notified customers that its systems were hacked starting more than a year ago, potentially exposing the names, addresses, and credit card information of nearly 1.7 million individuals. The Coral Springs, Florida...
Posted: Sep 11, 2024
Dozens of women who say they suffered excruciating pain at a Yale University fertility clinic because a nurse stole fentanyl for her own use and replaced it with saline have settled their lawsuits against the Ivy League school. Patients and …
Posted: Sep 11, 2024
A small plane crashed in Vermont near an airport in Ferrisburgh, killing the four people on board, police said Monday. The Vermont State Police recovered the bodies from the wreckage of the four-seat, single-engine Piper aircraft that crashed Sunday...
Posted: Sep 11, 2024
There has been a huge jump in law enforcement requests for Maine courts to allow guns to be seized from people deemed a danger to themselves or others since the deadliest mass shooting in state history, the governor said Friday. …
Posted: Sep 11, 2024