Insurance Journal
Debby, downgraded to a tropical storm Tuesday, is expected to bring as much as 25 inches of rain and more flooding to parts of the Carolinas this week, exacerbating uninsured flood damage but keeping wind losses within limits. Moody’s, a …...
Posted: Aug 07, 2024
The Department of Energy on Tuesday announced $2.2 billion in funding for eight projects across 18 states to strengthen the electrical grid against increasing extreme weather, advance the transition to cleaner electricity and meet a growing demand fo...
Posted: Aug 07, 2024
The insurance industry is at a pivotal moment in embracing generative AI. According to the ISG Pulse Check State of the European Insurance Industry 2024, insurance firms are actively engaged in generative AI transformations and currently comprise nea...
Posted: Aug 07, 2024
Microsoft Corp. said Delta Air Lines Inc. turned down repeated offers for assistance following last month’s catastrophic system outage, echoing claims by CrowdStrike Holdings Inc. in an increasingly contentious conflict between the carrier and...
Posted: Aug 07, 2024
One child was killed and another was injured after a wind gust blew a bounce house into the air at a baseball game in Maryland last Friday night, local officials said. Local emergency personnel received a call in Waldorf, Maryland, …
Posted: Aug 07, 2024
Pine Walk Capital Ltd., the specialist managing general agency platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Novagen, a renewables MGA. Novagen will focus on underwriting the full spectrum of renewable...
Posted: Aug 07, 2024
China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors’ investments from the property giant. Lawyers of liquidators have star...
Posted: Aug 07, 2024
This post is part of a series sponsored by Dyad. In the insurance industry, managing general agents (MGAs), managing general underwriters (MGUs), and program administrators (PAs) fill a critical role in facilitating the distribution and administratio...
Posted: Aug 07, 2024
Norwegian salmon farmers face challenges from an unusually harsh winter and the El Nino climate phenomenon which led to record fish mortality and concerns over long-term forecasts ahead of a warmer summer. El Nino — a climate pattern raising temperat...
Posted: Aug 07, 2024
Jargon often gets in the way of clearly understanding the climate challenge. While some technical terms such as “net zero” are useful and continue to gain wider acceptance, others aren’t so helpful. Take the phrase “hard to ab...
Posted: Aug 07, 2024
Fidelidade, an insurer controlled by Shanghai-based Fosun International Ltd., is weighing the sale and leaseback of a building in Lisbon that it plans to use as its new headquarters. The company will give up its current base near Lisbon’s Chiad...
Posted: Aug 07, 2024
The Florida Office of Insurance Regulation said it is reminding property insurers in the state to file Hurricane Debby claims data Thursday and Friday this week. Insurers should use the Simplified 2024 Catastrophe Reporting Form through the Insurance...
Posted: Aug 07, 2024
They have combed the ashes for mementos, worried about where they would sleep, questioned their faith and tried to find a way to grieve amid the great, unsettling devastation. Residents have faced a year of challenges, practical and emotional, since...
Posted: Aug 07, 2024
Summers in New York City are difficult for Anthony Gay and his family. A small, portable air conditioner in his bedroom is the only relief they have from soaring temperatures in their Brooklyn rental. “The rest of the apartment is …
Posted: Aug 07, 2024
Summers in New York City are difficult for Anthony Gay and his family. A small, portable air conditioner in his bedroom is the only relief they have from soaring temperatures in their Brooklyn rental. “The rest of the apartment is …
Posted: Aug 07, 2024
New Jersey officials are defending proposed building rules designed to limit damage from future storms and steadily rising seas in coastal areas, countering criticism that the state aims to force people away from the Jersey Shore by making it harder...
Posted: Aug 07, 2024
Vermont is flooding. Not just yesterday, two weeks ago and a year before that, but experts say the state could see catastrophic events like these for the foreseeable future. Climate change is fueling stronger, more persistent storms and the stateR...
Posted: Aug 07, 2024
Elon Musk’s social media platform X on Tuesday sued a global advertising alliance and several major companies, including Mars and CVS Health, accusing them of unlawfully conspiring to boycott the site and causing it to lose revenue. X filed the...
Posted: Aug 07, 2024
Crest Insurance Group has acquired Scottsdale, Arizona-based Provost Associates. Provosts specializes in the hospitality industry, serving more than 200 high-end hotel properties and 900 golf properties. Crest is an insurance brokerage firm headquart...
Posted: Aug 07, 2024
The Department of Labor said it has obtained a federal court order that requires two New Jersey construction companies and their owners and managers to pay $600,000 in back wages and liquidated damages to 131 former employees after a federal …
Posted: Aug 07, 2024
Environmental groups filed a lawsuit against Suncor Energy on Tuesday, alleging that pollution from the company’s Commerce City refinery in Colorado has resulted in long-lasting harm to surrounding communities. The lawsuit was filed by Earthjus...
Posted: Aug 07, 2024
Brown & Riding, headquartered in Dallas, named Wes Benefield to its national management and professional liability practice as senior vice president and broker, D&O, E&O and cyber. Based in Fort Worth, Benefield has over 11 years of combi...
Posted: Aug 06, 2024
COLUMBUS, Ohio (AP) — Recreational marijuana sales will begin across Ohio on Tuesday when the state issues its first operating certificates. Nearly 100 medical marijuana dispensaries will be able to begin sales immediately, although it’s not cl...
Posted: Aug 06, 2024
An El Paso, Texas contractor could have prevented a 37-year-old employee from suffering fatal injuries in February 2024 by following federally required safety standards to avoid trench collapses, the same failure for which the U.S. Department of Labo...
Posted: Aug 06, 2024
The City of Columbus said an investigation into a July 18 cybersecurity incident has found that a foreign cyber threat actor attempted to disrupt the city’s IT infrastructure, in a possible effort to deploy ransomware and solicit a ransom payme...
Posted: Aug 06, 2024