Insurance Journal
The National Transportation Safety Board, which has jurisdiction over pipelines, is investigating a natural gas explosion at a home in Bel Air, Maryland, that killed two people, the agency said Monday. Meanwhile, state officials have identified the t...
Posted: Aug 15, 2024
Another group of broker-dealer and investment advisers have agreed to pay over $470 million to U.S. regulators to settle civil charges they violated recordkeeping rules, the U.S. Securities and Exchange Commission and Commodity Futures Trading Commis...
Posted: Aug 15, 2024
Five law firms should receive $267 million in legal fees for obtaining a $1 billion settlement for shareholders of Dell Technologies DELL.N, the Delaware Supreme Court ruled on Wednesday, rejecting arguments that the payment was a windfall. The fee i...
Posted: Aug 15, 2024
Like single-family homeowners in California, landlords are facing higher insurance premiums, too. And they’re passing along some of those costs to their tenants. Many insurance companies have stopped writing policies in the state because of inc...
Posted: Aug 15, 2024
BISMARCK, N.D. (AP) — A ballot initiative to legalize recreational marijuana in North Dakota has qualified for the November election, the state’s top election official said Monday. That sets up another vote on the issue in the conservative stat...
Posted: Aug 14, 2024
Thousands of FirstEnergy Corp.’s customers in Ohio will potentially be without power through this after two tornadoes hit the northeastern part of the state last Tuesday. About 252,000 customers of The Illuminating Company were still experienci...
Posted: Aug 14, 2024
In the wake of flash flooding in the Bismarck-Mandan area, North Dakota Insurance Commissioner Jon Godfread is reminding residents to take immediate steps to assess and document any property damage and to review their insurance policies to understand...
Posted: Aug 14, 2024
FTI Consulting, Inc., headquartered in Washington, appointed Thomas Thompson as a senior managing director in Houston Thompson has more than three decades of experience in the construction and engineering industries. Before joining FTI, he was a mana...
Posted: Aug 14, 2024
A Russian court has ordered that assets worth around $1.15 billion of a British subsidiary of German industrial gases company Linde be frozen in a dispute over a gas processing plant, court filings showed on Wednesday. RusChemAlliance, which filed th...
Posted: Aug 14, 2024
The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly see...
Posted: Aug 14, 2024
This edition of International People Moves details appointments at program manager Accredited UK & Europe and insurance broker Aon. A summary of these new hires follows here. Accredited Taps SCOR’s McMurdo to Lead Its UK and European Operat...
Posted: Aug 14, 2024
A Georgia grand jury has indicted an investment manager, charging that he diverted almost $6 million from GEICO Insurance for his own use. Dwayne Peterson Davis, 54, of Atlanta, was a business partner with GEICO in a multimillion-dollar commercial de...
Posted: Aug 14, 2024
The U.S. Bureau of Labor Statistics reported today that the Consumer Price Index (CPI) increased 0.2 percent in July, after declining 0.1 percent in June. Over the last 12 months, the all items index increased 2.9 percent. The core consumer …
Posted: Aug 14, 2024
Extreme heat in parts of Spain and France is giving way to storms and flood warnings, while Greece is bracing for more blazes after the huge wildfire near Athens was brought under control. Orange alerts are in place for a …
Posted: Aug 14, 2024
Roughly 290 residences in Alaska’s capital city were damaged last week by flooding from a lake dammed by the Mendenhall Glacier, officials said. In addition to the homes and apartment and condo units, at least two businesses were damaged, Deput...
Posted: Aug 14, 2024
Chubb Appoints Ohsiek Chief Accounting Officer, Hagan CFO of Operations and Le as Chief Auditor Chubb made three executive appointments effective Sept. 4. Chubb appointed George Ohsiek as vice president and chief accounting officer of the Chubb Group...
Posted: Aug 14, 2024
General Motors GM.N has been sued by the state of Texas, which accused the automaker of installing technology on more than 14 million vehicles to collect data about drivers, which it then sold to insurers and other companies without drivers’ &#...
Posted: Aug 14, 2024
Tropical Storm Ernesto pounded Puerto Rico with torrential rain and winds as it brushed by the island on a track that’s likely to see it become a hurricane later Wednesday. Ernesto was about 85 miles (135 kilometers) north-northwest of San R...
Posted: Aug 14, 2024
Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday. The deal comes at a time …
Posted: Aug 14, 2024
South Korea is urging automakers operating in the country to disclose the manufacturer of batteries used in electric vehicles (EV) as authorities try to calm fears over fires involving EVs, after a recent blaze in an underground parking lot that R...
Posted: Aug 14, 2024
South Korea is urging automakers operating in the country to disclose the manufacturer of batteries used in electric vehicles (EV) as authorities try to calm fears over fires involving EVs, after a recent blaze in an underground parking lot that R...
Posted: Aug 14, 2024
British insurer Aviva beat first-half profit expectations following a rise in general insurance premiums in Britain and Ireland, and said on Wednesday it remained confident of meeting its 2026 targets. The life and general insurer, whose main busines...
Posted: Aug 14, 2024
This post is part of a series sponsored by PCF Insurance Services. Joe Tejeda, a Practice Leader from PCF Construction, provides a look at builders’ risk and construction insurance. The construction industry is a complex ecosystem with various...
Posted: Aug 14, 2024
July saw record-breaking heat around the world, including the hottest day ever recorded and multiple national heat records. But whether it was the hottest month in history depends on who you ask. Last week, Copernicus — the EU’s climate science...
Posted: Aug 14, 2024
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has partnered with insurtech firm Sprout Inc. and the Kenyan insurer Britam to launch a parametric insurance product, which aims to protect Kenyan coffee growers from financi...
Posted: Aug 14, 2024