Insurance Journal
State utility regulators have filed a complaint against a natural gas provider alleging safety violations in connection with an explosion in a central Pennsylvania borough that killed one person and injured several others three years ago. The 22-coun...
Posted: Jul 30, 2024
Decades of snuffing out fires at the first sign of smoke combined with climate change have laid the groundwork for a massive wildfire in northern California and scores of smaller ones across the western U.S. and Canada, experts say. These …
Posted: Jul 30, 2024
The California workers’ compensation system has been relatively stable in the post-pandemic era, as premium levels rose by 1% in 2023 and are forecast to increase modestly in 2024—while decreases in average insurer charged rates are moderating,...
Posted: Jul 30, 2024
A tornado that hit this small, upstate city tore off rooftops, leveled brick buildings and toppled the steeples of two historic churches. No one was killed, but the twister left a debris-strewn scar through downtown and nearby areas. More than …...
Posted: Jul 30, 2024
A tornado that hit this small, upstate city tore off rooftops, leveled brick buildings and toppled the steeples of two historic churches. No one was killed, but the twister left a debris-strewn scar through downtown and nearby areas. More than …...
Posted: Jul 30, 2024
This post is part of a series sponsored by AgentSync. As catastrophic natural disasters continue to wreak havoc on the property and casualty (P&C) insurance sector, loss prevention remains a high priority for insurers and property owners alike. L...
Posted: Jul 29, 2024
This post is part of a series sponsored by Dyad. In the dynamic world of insurance, staying ahead of the curve is paramount. With the advent of Artificial Intelligence (AI), players in insurance are experiencing a transformational shift in how …...
Posted: Jul 29, 2024
Maryland Governor Wes Moore has named Marie Grant, an attorney with nearly 20 years of experience in insurance and health care policy and regulation, as his state’s next insurance commissioner. Grant currently serves as assistant secretary for...
Posted: Jul 29, 2024
Maryland Governor Wes Moore has named Marie Grant, an attorney with nearly 20 years of experience in insurance and health care policy and regulation, as his state’s next insurance commissioner. Grant currently serves as assistant secretary for...
Posted: Jul 29, 2024
Two U.S. senators are calling on the Federal Trade Commission to investigate automakers selling customers’ driving data to brokers who package it and then sell it to insurance companies. In a letter to FTC Chairwoman Linda Khan, Democrats Ron W...
Posted: Jul 29, 2024
Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals” found in fire-stopping foam, Tyco has reached a tentative settlement with one of its insurance comp...
Posted: Jul 29, 2024
At least 100 structures have been destroyed and roughly 4,200 more are being threatened by the Park Fire, near Chico, California, which has burned 368,256 acres and now touches four counties. Containment on the Park Fire, which has 4,742 fighting ...
Posted: Jul 29, 2024
A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius Group in a deal that could value the Lloyd’s of London insurer at about £3 billion ($3.9 billion), accordin...
Posted: Jul 29, 2024
Brown & Brown Inc. announced it has entered into an agreement to acquire Quintes Holding B.V., a Netherlands-based insurance group. Brown & Brown acquired Quintes from the private investment firm Aquiline Capital Partners (which purchased a m...
Posted: Jul 29, 2024
TALLAHASSEE, Fla. (AP) — A judge issued a final order Friday to overturn a Florida law pushed by Republican Gov. Ron DeSantis that attempted to limit diversity and race-based discussions in private workplaces. U.S. District Judge Mark Walker previous...
Posted: Jul 29, 2024
Bankrupt hospital owner Steward Health Care will close two locations in Massachusetts after failing to find a buyer for them, the company said Friday. Steward filed for bankruptcy in May, putting all of its 31 hospitals up for sale in …
Posted: Jul 29, 2024
Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar in an announcement. Liberty Strategic Capital (a private equity company led by former Treasury Secreta...
Posted: Jul 29, 2024
Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar in an announcement. Liberty Strategic Capital (a private equity company led by former Treasury Secreta...
Posted: Jul 29, 2024
The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in the previous year and the line’s worst underwriting results since at least 2000, according to a new AM Best report. R...
Posted: Jul 29, 2024
Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction across the United States, New York Attorney General Letitia James said on Friday. James said the settlement i...
Posted: Jul 29, 2024
Aspen, the Bermuda-based re/insurer, announced changes to its leadership, effective Aug. 1, 2024, aiming to create stronger, more accountable executive roles that are more responsive to the current priorities of Aspen. Under the new structure, Christ...
Posted: Jul 29, 2024
A number of fiber optic cables carrying broadband service across France’s southern and eastern regions were cut overnight in the latest attack on the country’s infrastructure during the Olympic Games. SFR said five lines were cut overnigh...
Posted: Jul 29, 2024
A number of fiber optic cables carrying broadband service across France were cut overnight in the latest attack on the country’s infrastructure during the Olympic Games. Connections serving Paris, which is hosting the Olympic Games this week, a...
Posted: Jul 29, 2024
JASPER, Alberta (AP) — A wildfire that has destroyed hundreds of structures in the town of Jasper is the largest blaze recorded in Jasper National Park in a century and could still be burning months from now, a Parks Canada …
Posted: Jul 29, 2024
Flights to and from Beirut airport were canceled or delayed on Monday as tensions escalated between Israel and armed political group Hezbollah after a strike in the Israeli-occupied Golan Heights killed 12 children and teenagers. Lufthansa, Swiss and...
Posted: Jul 29, 2024