Insurance Journal
British insurer Aviva said on Saturday its India unit is “actively engaging” with local authorities in connection with alleged tax evasion practices. Reuters reported on Friday that an Indian tax agency has found that Aviva India breached...
Posted: Sep 04, 2024
Poland’s biggest insurer PZU needs a strategy to tackle its ownership of stakes in two banks, which is complicating its valuation, the state assets minister said. Globally, insurers are focusing on core business and are spinning off banking ope...
Posted: Sep 04, 2024
With less than three months to go until the general election, politics seem to be a hot topic for discussion these days! However, today’s political climate is more divisive than ever, and there are many reasons why you may not …
Posted: Sep 04, 2024
Moody’s Corp., S&P Global Inc. and Fitch Ratings Inc. will pay a combined $48 million over allegations that the credit-rating companies failed to keep proper electronic communications — the latest fallout from US regulators’ so-called...
Posted: Sep 04, 2024
Annual workers’ compensation rate cuts in the double digits have become routine in almost every U.S. state in recent years. That trend may have now come to an end in Florida, where the National Council on Compensation Insurance is recommending...
Posted: Sep 04, 2024
Urban expansion, property exposure and climate change could fuel a 40% increase in annual natural-catastrophe losses for the global insurance industry, according to a new report. The annual loss could rise to $151 billion from the average annual loss...
Posted: Sep 04, 2024
Three insurers that paid more than $1 million in auto and property damage claims to a New York couple and their homeowners association are attempting to recover the payments from the giant car maker and local dealership. The claims stemmed …
Posted: Sep 04, 2024
The Liberty Company Insurance Brokers named Pierce Dyer vice president and producer. Dyer is based in Seattle and operates from the Woodland Hills, California office. As the fourth generation of Dyers in the insurance industry, Dyer’s family le...
Posted: Sep 04, 2024
A Northeastern University student and her parents are suing a sorority, its chapter president and a landlord after the student fell from a window and suffered critical injuries at a party. Sarah Cox, then a junior at the university in …
Posted: Sep 04, 2024
Massachusetts-based Schrager Hampson Aviation Insurance Group reports it has acquired Northeast Aviation & Marine Insurance Brokers of Schenectady, New York. Northeast Aviation & Marine handles aviation including international cargo, warehous...
Posted: Sep 04, 2024
The Hawaii Supreme Court will be asked to weigh in on an issue that threatens to thwart a $4 billion settlement in last year’s devastating Maui wildfires. Judge Peter Cahill on Maui agreed to ask the state high court questions …
Posted: Sep 04, 2024
The Hawaii Supreme Court will be asked to weigh in on an issue that threatens to thwart a $4 billion settlement in last year’s devastating Maui wildfires. Judge Peter Cahill on Maui agreed to ask the state high court questions …
Posted: Sep 04, 2024
California lawmakers approved a host of proposals aiming to regulate the artificial intelligence industry, combat deepfakes and protect workers from exploitation by the rapidly evolving technology. The California Legislature, which is controlled by D...
Posted: Sep 04, 2024
California lawmakers approved a host of proposals aiming to regulate the artificial intelligence industry, combat deepfakes and protect workers from exploitation by the rapidly evolving technology. The California Legislature, which is controlled by D...
Posted: Sep 04, 2024
Conifer Holdings announced that it completed the sale of its insurance agency operations for consideration equal to $45 million (subject to transaction expenses and customary purchase price adjustments), plus possible additional earn-out payments of...
Posted: Sep 03, 2024
AG Equipment Company, a Broken Arrow, Oklahoma compressor packaging manufacturer, violated federal law when it fired 10 employees for failing to receive a COVID-19 vaccination because of their religious beliefs or medical restrictions, the U.S. Equal...
Posted: Sep 03, 2024
Four people were injured after a bus carrying the Abilene Christian University football team was involved in a crash with another vehicle in Lubbock, Texas, on Saturday night. One player, two coaches, and the bus driver were taken to University ̷...
Posted: Sep 03, 2024
STEELE, N.D. (AP) — Tornadic winds knocked nearly four dozen train cars off a track in North Dakota, part of a storm system that spurred reports of five tornadoes across the Dakotas. BNSF Railway spokesperson Kendall Sloan said a train …
Posted: Sep 03, 2024
DETROIT (AP) — The Michigan Supreme Court on Friday shut the door on businesses seeking to be paid by the state for restrictions that harmed sales during the COVID-19 pandemic. The court, in a pair of 5-2 orders, let stand …
Posted: Sep 03, 2024
This edition of International People Moves details appointments at AXIS Capital Holdings and Lockton Re. A summary of these new hires follows here. AXIS Names White as Head of Aviation, Succeeding Wood AXIS Capital Holdings Ltd., the Bermuda-based re...
Posted: Sep 03, 2024
Authorities are investigating the weekend collapse of a portion of bleachers at a rodeo arena in Texas, injuring 12 people near San Antonio. Emergency responders arrived at the rodeo arena shortly after 9 p.m. Saturday in Boerne, about 30 miles ̷...
Posted: Sep 03, 2024
The National Highway Traffic Safety Administration said on Tuesday it had confirmed the 28th death in the United States stemming from a defective Takata air bag inflator since 2009. The issue has prompted the largest-ever recall in U.S. history. Over...
Posted: Sep 03, 2024
Fitch Ratings published midyear underwriting results for 19 non-life reinsurers, finding that the group’s average first-half 2024 combined ratio was 84.2, and forecasting continued profits for the rest of 2024 and 2025 also. But while reinsurer...
Posted: Sep 03, 2024
Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo Europe), part of London-based Ar...
Posted: Sep 03, 2024
Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire the property and casualty (P&C) MGUs owned by Ethos Specialty Insurance LLC from Ascot Group Ltd. Financial detail...
Posted: Sep 03, 2024