Insurance Journal
Hewlett Packard said Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch’s estate in the UK. The U.S. company had been seeking compensation over its acquisition of British tech firm...
Posted: Sep 03, 2024
TALLAHASSEE, Fla. (AP) — A Republican state representative in central Florida, a lead sponsor of an anti-squatting property rights bill signed into law this year, has been indicted on felony forgery charges related to her administration of a private...
Posted: Sep 03, 2024
Oil service company Halliburton on Tuesday said a cyberattack last month has caused “disruptions and limitations” to business applications that support operations. “The company believes the unauthorized third party accessed and exfi...
Posted: Sep 03, 2024
The Connecticut town of Plymouth has been hacked for more than $200,000 and the town’s finance director has resigned as a result of the cybersecurity incident. Mayor Joseph Kilduff said the town fell victim to a “social engineering scam&#...
Posted: Sep 03, 2024
Insured losses have surged in the past decade as climate change in Canada sparks wildfires, intense hailstorms and thunderstorms with severe flooding in major cities. Insured losses from natural disasters averaged C$2.2 billion ($1.63 billion) a year...
Posted: Sep 03, 2024
Product recalls in the U.S. decreased across the automotive, consumer product, food and drink, medical device and pharmaceutical industries in the second quarter, according to a new report from Sedgwick.. Sedgwick’s U.S. Recall Index found the...
Posted: Sep 03, 2024
Hotter summers in Canada that have sparked wildfires in tourist areas, intense hailstorms and thunderstorms with severe flooding in major cities, all likely linked to climate change, are leading to personnel shortages and potentially claims adjustmen...
Posted: Sep 03, 2024
Landlords for offices, apartment complexes and other commercial real estate have $1.5 trillion of debt due by the end of next year, and about a quarter of that borrowing could be hard to refinance, according to Jones Lang LaSalle Inc. …
Posted: Sep 03, 2024
BOVINA, Miss. (AP) — Seven people were killed and dozens were injured in Mississippi after a commercial bus overturned on Interstate 20 on Saturday morning, according to the Mississippi Highway Patrol. Six passengers were pronounced dead at the scene...
Posted: Sep 03, 2024
HEWETT, W.Va. (AP) — Ryan Craddock had seen his share of tragedy during two decades as a coal miner and firefighter. Then came the toughest heartbreak of all: his own. Craddock and his family are mourning the loss of his …
Posted: Sep 03, 2024
He’s been called “eccentric,” a “do-gooder,” a “troublemaker” and a whistleblower. And he may be the best friend the Florida property insurance industry has. A mechanical engineer based in Edgewater, George M...
Posted: Sep 03, 2024
A Boar’s Head deli meat plant in Virginia tied to a deadly food poisoning outbreak repeatedly violated federal regulations, including instances of mold, insects, liquid dripping from ceilings, and meat and fat residue on walls, floors and equip...
Posted: Sep 03, 2024
A judge on Friday allowed smoking to continue in Atlantic City’s casinos, giving some measure of relief to the city’s struggling casino industry while rebuffing workers who have long sought to be able to breathe clean air on the casino &#...
Posted: Sep 03, 2024
The California Department of Insurance is known for its rigorous oversight, making it the gatekeeper of the insurance industry in California. The CDI regulates all aspects of insurance, acting as judge, jury and executioner when it comes to enforcing...
Posted: Sep 03, 2024
California, Oregon, Colorado, Washington and Arizona are the states most at risk for wildfires, earning an “F” rating, according to a new analysis by Guidewire detailing wildfire risk in the U.S. at local, state, and national levels. Guid...
Posted: Sep 03, 2024
Maryland transportation leaders on Thursday approved a contract for rebuilding the Francis Scott Key Bridge several months after the 1.6-mile (2.6-kilometer) steel span collapsed under the impact of a massive container ship that lost power and crashe...
Posted: Sep 03, 2024
This post is part of a series sponsored by AgentSync. Managing adjusters across multiple lines of business and in many states is notoriously painful. The complications of state nuances, the tightening timelines for customer communications in the wake...
Posted: Sep 02, 2024
The city of Los Angeles will pay $38.2 million to settle a 2017 lawsuit after “falsely” stating on federal documents that its multifamily affordable housing units built with federal funds were accessible for people with disabilities. The...
Posted: Sep 02, 2024
A Skagit County was fined nearly $330,000 for exposing workers to crystalline silica dust from cutting, grinding and polishing stone countertops. The Washington State Department of Labor & Industries cited and fined A+ Marble & Granite LLC in...
Posted: Sep 02, 2024
Former Michigan State University head football coach Mel Tucker is suing the university and school leaders, alleging that they wrongfully fired him last year and violated his constitutional rights after he was accused of sexual harassment. The federa...
Posted: Sep 01, 2024
The number of Florida claims from Hurricane Debby, filed within 10 days of the storm, stood at almost two-thirds of the number of claims filed from Hurricane Idalia in a three-month period. Debby claims by Aug. 16 had reached almost …
Posted: Sep 01, 2024
For more than a decade, Insurance Journal has recognized some of the nation’s largest agency partnerships and networks in its annual Top 20 ranking. In 2014, Insurance Journal’s Top 20 Agency Partnerships together held $1.4 billion in tot...
Posted: Sep 01, 2024
The management liability insurance segment has attracted a lot of new capacity in the last few years, and the increased competition has pushed rates down significantly. But the segment faces growing risks from regulatory and technology-related exposu...
Posted: Sep 01, 2024
By Patrick Wraight We had some work done on our home recently and the contractor wasn’t what I was expecting. When I spoke with the GC (General Contractor), he told me that his sub (contractor) would be at my house, …
Posted: Sep 01, 2024
More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk of wildfire damage during the 2024 wildfire season, the 2024 CoreLogic Wildfire Risk Report shows. The western …
Posted: Sep 01, 2024