Insurance Journal
For conservative groups, losing big at company annual meetings is still winning. That’s because their growing presence at the shareholder gatherings is simultaneously disrupting management plans and generating headlines, even as their proposals...
Posted: Aug 12, 2024
Hawaiian Electric Industries Inc. pegged losses from estimated accrual of liabilities stemming from one of the worst wildfires in US history at $1.7 billion and issued a going-concern warning. Hawaiian Electric said last week that it had agreed to pa...
Posted: Aug 12, 2024
First, he orchestrated a staged auto accident in Georgia. Then he murdered a co-conspirator in 2019 in a disagreement over payment from insurance proceeds related to the faked crash. Today, Norman Uriah Simmonds Jr., 45, of Lilburn, Georgia, is heade...
Posted: Aug 12, 2024
The Colorado wildfire that tore through 15 square miles (39 square kilometers) and destroyed 48 buildings, over half of which were homes, was human-caused, investigators said. The Alexander Mountain Fire burning near Loveland, about an hour’s d...
Posted: Aug 12, 2024
Former insurance executive Greg Lindberg, now awaiting sentencing in a North Carolina bribery conviction, and his companies must pay almost $167 million to an insolvent life insurance company in the Netherlands, a federal judge decided last week. ...
Posted: Aug 12, 2024
Boston police reported that a construction worker fell to his death while working on restoring Emerson College’s Cutler Majestic Theater on Friday, August 9. Police were called to the scene on Tremont Street at 12:45 pm. Photos showed scaffoldi...
Posted: Aug 12, 2024
A lawsuit stemming from the Titan submersible disaster felt inevitable, but winning a big judgment against the owner of the vessel could be very difficult, legal experts said on Thursday. The family of French explorer Paul-Henri Nargeolet, one of fiv...
Posted: Aug 12, 2024
The British government is considering changes to the Online Safety Act designed to regulate social media companies, following a week of racist rioting driven by false information online. WHY IT’S IMPORTANT The act, passed in October but not set...
Posted: Aug 12, 2024
Four suspected attacks by Yemen’s Houthi rebels targeted a Liberian-flagged oil tanker in the strategic Bab el-Mandeb Strait linking the Gulf of Aden to the Red Sea, including one that saw private security guards shoot and destroy a bomb-loaded...
Posted: Aug 12, 2024
Ukraine is scrambling to ship as much grain as it can this summer, taking advantage of military gains it has made in the Black Sea area to boost exports even as Russia has attacked its ports. Ukraine is a major …
Posted: Aug 12, 2024
Assicurazioni Generali SpA’s second-quarter profit fell 24% from a year earlier, as claims from storms and flooding in Europe weighed on results. Net income in the three months through June declined to €797 million ($870 million) missing the €8...
Posted: Aug 12, 2024
In the early morning hours of May 6, 2023, an explosion occurred in a bank in the German town of Bad Homburg, sending shattered glass as far as 30 meters away. Two men had broken into the building and filled …
Posted: Aug 12, 2024
This post is part of a series sponsored by PCF Insurance Services. PCF Transportation Practice Leader, Todd Lykke discusses what MVR monitoring is and how it can make a big difference in the trucking industry. PCF Transportation Practice Leader, Todd...
Posted: Aug 12, 2024
Flight and voice data boxes from a plane that crashed in Brazil have been extracted with “100% success,” a government aviation official said, as investigators probe the cause of an accident that killed everyone on board. A preliminary rep...
Posted: Aug 12, 2024
The risks from the growing number of natural disasters offer Australia’s largest pension funds a chance to boost returns. Colonial First State, one of the nation’s biggest pension and wealth managers, is looking to add natural catastrophe...
Posted: Aug 12, 2024
Insurers and reinsurers’ losses from Hurricane Debby are expected to be in the low single-digit billions of dollars, a figure that would be “very manageable” for the industry, according to a report from Gallagher Re. Wind and water-...
Posted: Aug 12, 2024
Fourteen percent of insurance companies plan to reduce employee headcounts in the next year, according to numbers from Aon and The Jacobson Group’s latest insurance labor market study. Jeff Rieder, partner at Aon and head of STG Performance Ben...
Posted: Aug 12, 2024
Many companies offer detailed climate projections tailored to property-level precision. These tools can allow owners and investors to better anticipate risks of flooding, wind, wildfire and other disasters. Insurers have been among the adopters of cl...
Posted: Aug 12, 2024
The number of Florida claims from Hurricane Debby, filed within five days of the storm, already is almost half of the the number of claims filed in Hurricane Idalia in a three-month period. Debby claims by Friday had reached more …
Posted: Aug 12, 2024
A man who says he broke his ankle jumping into the sprinkle pool at the Museum of Ice Cream in New York City has filed a lawsuit alleging that the facility was negligent for not warning visitors that it is …
Posted: Aug 12, 2024
A man who says he broke his ankle jumping into the sprinkle pool at the Museum of Ice Cream in New York City has filed a lawsuit alleging that the facility was negligent for not warning visitors that it is …
Posted: Aug 12, 2024
An Amtrak train carrying nearly 100 passengers crashed into the rear section of a tractor trailer in Connecticut on Friday morning, causing minor injuries to a train engineer and damaging warning equipment at the crossing, authorities said. TV news v...
Posted: Aug 12, 2024
PCF Insurance Services acquired the insurance business of DLD Insurance Brokers in Irvine, California. DLD Insurance Brokers specializes in serving companies in the construction, real estate, manufacturing, medical device and technology sectors. PCF...
Posted: Aug 12, 2024
A federal lawsuit accusing Massachusetts Institute of Technology of tolerating antisemitism after the Oct. 7 attacks in Israel has been dismissed while a similar one against Harvard University can continue. The MIT lawsuit accused the university of a...
Posted: Aug 12, 2024
First responders launched high-water and helicopter rescues of people trapped in cars and homes in rural New York and Pennsylvania as heavy rain from the remnants of Debby slammed the Northeast with intense floods. The worst of the flash flooding ...
Posted: Aug 11, 2024