Insurance Journal
Tropical Storm Francine strengthened as it moved north in the Gulf of Mexico, prompting oil drillers to evacuate crews and halt some offshore crude production, while the US Coast Guard warned shippers of approaching gale-force winds. Francine is expe...
Posted: Sep 09, 2024
Risk Strategies, headquartered in Boston, appointed Tom Panos as managing director of its Chicago office. Panos has over 15 years of experience in the insurance industry. He joined The Baldwin Group through its acquisition of Rosenthal Brothers in 20...
Posted: Sep 09, 2024
The Federal Express Corporation (FedEx) violated federal law when it failed to provide reasonable accommodations for qualified, disabled ramp transport drivers with medical restrictions, and instead forced them to take unpaid leave or fired them, the...
Posted: Sep 09, 2024
Lovett Joins Fideles Advisors as Chief Systems and Distribution Advisor Fideles Advisors, headquartered in San Antonio, Texas, appointed Tim Lovett chief systems and distribution advisor. Lovett’s expertise spans technology orientation and impl...
Posted: Sep 09, 2024
The U.S. trucking industry has been shaken to its foundations. A welter of external challenges catalyzed the failure of approximately 88,000 trucking firms in 2023. That is 10 percent of the nation’s trucking companies. The chief culprit was a...
Posted: Sep 09, 2024
A U.S. auto safety agency said on Monday it is opening an investigation into more than 781,000 newer Jeep Wrangler and Gladiator sport utility vehicles after reports of underhood fires under the hood. The National Highway Traffic Safety Administratio...
Posted: Sep 09, 2024
The world is emerging from its warmest northern hemisphere summer since records began, the European Union’s climate change monitoring service said on Friday, as global warming continues to intensify. The boreal summer of June to August this yea...
Posted: Sep 09, 2024
At least 14 people have died and 176 others injured in Vietnam after Typhoon Yagi slammed the country’s north, state media said Sunday, as officials warned of heavy downpours despite its waning power. Described by Vietnamese officials as one of...
Posted: Sep 09, 2024
California homeowners could be required to pay a surcharge if the state’s insurer of last resort is unable to cover losses from a catastrophic wildfire. The California Department of Insurance sent a bulletin to insurance companies this week out...
Posted: Sep 09, 2024
A fast-growing wildfire in Southern California, has burned 27 square miles, forcing thousands to evacuate had is putting roughly 35,000 homes and buildings at risk. The Line fire near San Bernardino more than quadrupled in size over the weekend, prom...
Posted: Sep 09, 2024
The U.S. Commerce Department said Monday it is proposing to require detailed reporting requirements for advanced artificial intelligence developers and cloud computing providers to ensure the technologies are safe and can withstand cyberattacks. The...
Posted: Sep 09, 2024
Alphabet Inc.’s Google heads back to court Monday to face US Justice Department allegations that it manipulates the $677 billion display advertising market in violation of antitrust laws, just one month after losing a landmark ruling that it il...
Posted: Sep 09, 2024
Specialty reinsurer BMS Re announced the appointment of Anthony Mirabal as CEO of the Latin America and Caribbean (LAC) Division, effective November 2024. Mirabal has more than 30 years of experience in reinsurance, first as a casualty underwriter wi...
Posted: Sep 09, 2024
The reinsurance market has reached an equilibrium, with increased capital supply from accumulated earnings meeting higher demand for reinsurance protection from cedents. As such, margins will peak in 2024, although reinsurers should continue to produ...
Posted: Sep 09, 2024
Coalition today announced the creation of its reinsurance intermediary, Coalition Re, to provide capacity for cyber reinsurance treaties and expand on its mission to protect more unprotected businesses. Coalition Re provides capacity for non-proporti...
Posted: Sep 09, 2024
BATON ROUGE, La. (AP) — An abandoned, 22-story building in Lake Charles, Louisiana — once an icon in the city that became a symbol of destruction from hurricanes Laura and Delta — was imploded Saturday after sitting vacant for nearly …
Posted: Sep 09, 2024
ANDERSON, Ind. (AP) — A single-engine plane traveling from Iowa to Indiana crashed in a central Indiana cornfield Friday, killing everyone on board, authorities said. The plane left Fort Dodge, Iowa, just after 6:45 a.m. and was projected to land ...
Posted: Sep 09, 2024
Wisconsin health officials initiated a recall of eggs following an outbreak of salmonella infections among 65 people in nine states that originated on a Wisconsin farm. The Wisconsin Department of Health Services said in a statement Friday that among...
Posted: Sep 09, 2024
A new report from Marsh McLennan and Zurich titled “Closing the cyber risk protection gap” is calling for a closer collaboration between the insurance industry and the public sector as cyber insurance coverage gaps remain. “Both the...
Posted: Sep 09, 2024
A new report from Marsh McLennan and Zurich titled “Closing the cyber risk protection gap” is calling for a closer collaboration between the insurance industry and the public sector as cyber insurance coverage gaps remain. “Both the...
Posted: Sep 09, 2024
Britain’s antitrust regulator said on Friday it had provisionally found Alphabet’s Google had abused its dominant position in digital advertising to restrict competition. The Competition and Markets Authority (CMA) said it believed Google...
Posted: Sep 09, 2024
The first half of 2024 set a 15-year low for first-half insurance carrier mergers and acquisitions, according to Clyde & Co’s latest Mid-Year Growth Report. The number of insurance carrier M&A transactions completed in the first six mon...
Posted: Sep 09, 2024
Chrysler parent Stellantis said Saturday it is recalling 1.46 million vehicles worldwide due to a software malfunction in the anti-lock brake system that can increase the risk of a crash. The recall includes nearly 1.23 million Ram 1500 trucks from &...
Posted: Sep 09, 2024
CHARLESTON, W.Va. (AP) — A coal miner was killed on the job in West Virginia on Friday night, Gov. Jim Justice said. The Republican governor said Gary Chapman, 33, of South Williamson, Kentucky, died after being injured at the Mountaineer …
Posted: Sep 09, 2024
On July 1, 2024, changes to the Georgia Direct Action Statutes, O.C.G.A. § 40-1-112 and O.C.G.A. § 40-2-140, went into effect and limited the circumstances under which a plaintiff can assert a direct-action claim against an insurer of a motor …
Posted: Sep 09, 2024