Insurance Journal
PIGEON FORGE, Tenn. (AP) — Strong thunderstorms brought flash flooding to Dolly Parton’s Dollywood in east Tennessee. Park workers and the Pigeon Forge police and fire departments directed guests to safety on Sunday afternoon, and one minor inj...
Posted: Jul 31, 2024
Norfolk Southern got a boost during the second quarter from insurance payments related to last year’s disastrous East Palestine derailment, but it also made progress in reducing its expenses and getting more efficient. The Atlanta-based railroa...
Posted: Jul 31, 2024
New Jersey property owners do not need to show that their home is damaged or decayed in order to qualify for a flood hazard permit to replace it, a state appeals court has ruled. The court upheld the state Department …
Posted: Jul 31, 2024
JACKSON, Miss. (AP) — A Mississippi grand jury decided not to bring criminal charges against a sheriff’s deputy who fatally shot a man who was yelling “shoot me,” the state attorney general’s office said Monday. The Hancock Co...
Posted: Jul 31, 2024
Bain Capital Insurance has announced a capital investment in 1970 Group, a New York-based specialized risk financing provider to the insurance industry. 1970 Group offers expertise in structured financing, credit support and risk management. The comp...
Posted: Jul 31, 2024
A global accounting body on Wednesday proposed guidance on how companies can do more to show the impact of climate change on their financial performance, saying standalone disclosures do not give investors the clarity they need. Norms written by the...
Posted: Jul 31, 2024
LIVINGSTON, La. (AP) — Two boats collided on a Louisiana river, leaving two people dead and several others hurt, authorities said Monday. The collision happened early Sunday on the Tickfaw River near Kings Point in Livingston Parish. The Louisiana De...
Posted: Jul 31, 2024
Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the 10-year average — as extreme wildfires, droughts and floods upend historical norms. The data, which were compiled by Munich Re, …
Posted: Jul 31, 2024
French farmers are calling on the government to provide financial aid as there’s a high risk that this year’s wheat harvest will be the lowest in at least a decade because of heavy rains. Three weeks into the season, field …
Posted: Jul 31, 2024
Damaging earthquakes that rocked West Texas in recent days were likely caused by oil and gas activity in an area that has weathered tremors for decades, according to the U.S. Geological Survey. A sequence that began in 2021 erupted with …
Posted: Jul 31, 2024
AM Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Stonetrust Commercial Insurance Company and Stonetrust Premie...
Posted: Jul 31, 2024
MADISON, S.D. (AP) — A seed planted by South Dakota legislative and higher education leaders four decades ago has blossomed into one of the nation’s top high-tech universities located in a small city in the rural midsection of the state. …...
Posted: Jul 31, 2024
The Texas Windstorm Insurance Association, the state’s insurer of last resort for homes and businesses on the Gulf Coast, will consider raising rates as climate change increases the chances of more severe storms and damages become more costly....
Posted: Jul 31, 2024
Tesla is recalling 1.85 million vehicles in the United States due to risk of software failure to detect an unlatched hood, the automaker said. An unlatched hood could fully open and obstruct the driver’s view, raising the risk of a …
Posted: Jul 31, 2024
Brady Named Resilience Chief Underwriting Officer Resilience, headquartered in San Francisco, named Killian Brady as chief underwriting officer. Brady will oversee all aspects of the underwriting function for middle market and large enterprise client...
Posted: Jul 31, 2024
The federal government is giving more than a half-billion dollars to coastal communities to help them use nature-based preventative measures to address climate-related flooding and other disasters. The National Oceanic and Atmospheric Administration...
Posted: Jul 31, 2024
A former insurance executive has pleaded guilty to defrauding his former employer, Allied World Insurance Co., of $1.5 million in a scheme involving a shell company, bogus invoices, and vendor kickbacks. James Keating of Paoli, Pennsylvania on Januar...
Posted: Jul 31, 2024
Wildfire smoke may be worse for brain health than other types of air pollution, according to new research linking it to an increased risk of dementia. The findings, reported Monday at the Alzheimer’s Association International Conference in Phil...
Posted: Jul 31, 2024
Alliant Insurance Services, headquartered in Irvine, California, opened an office in Honolulu, the firm’s second location in Hawaii. Chad Karasaki, managing director, will lead the Honolulu office. Before joining Alliant, Karasaki most recently...
Posted: Jul 31, 2024
Did New York lawmakers intend the Child Victims Act (CVA) that revived old claims of sexual abuse to apply to claims by employees that would previously have been handled by the workers’ compensation system? It’s the responsibility of the...
Posted: Jul 31, 2024
New York City is turning to AI-powered scanners in a new bid to keep guns out of its subway system, but the pilot program launched Friday is already being met with skepticism from riders and the threat of a lawsuit …
Posted: Jul 31, 2024
This post is part of a series sponsored by PCF Insurance Services. In the third installment of a three-part series, PCF Healthcare Practice Leader Brian King discusses legal changes and the impact of Assembly Bill 35. Welcome to the third …
Posted: Jul 30, 2024
Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday. The Atlanta-based airline has been the R...
Posted: Jul 30, 2024
Northern Vermont today is dealing with flash floods and washed-out roads after a night and early morning of extreme rainfall. Parts of Caledonia county and the Northeast Kingdom received 6-8 inches of rain last night and saw considerable catastrophic...
Posted: Jul 30, 2024
Clients who try to reach Higginbotham executive Marc Spivey this week will be met with an unusual out of office message. Greetings! I am in Paris to cheer on my daughter Taylor who is competing in the 2024 Olympics. … …
Posted: Jul 30, 2024