Insurance Journal
Japan’s four top property and casualty insurers, along with other financial firms, are planning to sell around ¥500 billion ($3.1 billion) worth of shares in Honda Motor Co., Reuters reported. Tokio Marine Holdings Inc., Sompo Holdings Inc. and...
Posted: Jul 02, 2024
A political tilt to the right in Europe and a potential Trump presidency in the U.S. will not derail climate efforts as businesses are increasingly locked into green strategies, delegates at London Climate Action Week heard. A big election year, R...
Posted: Jul 02, 2024
China’s new financial stability law draft bill improved provisions on financial risks prevention and control, according to draft revisions released on Monday. Revisions to the draft bill underwent the second round of review by China’s top...
Posted: Jul 02, 2024
Scientists tracking the spread of bird flu are increasingly concerned that gaps in surveillance may keep them several steps behind a new pandemic, according to Reuters interviews with more than a dozen leading disease experts. Many of them have been...
Posted: Jul 02, 2024
Hurricane Beryl has reached Category 5 strength, the earliest ever in the Atlantic, as the storm headed toward Jamaica with house-wrecking winds and heavy rainfall. Maximum sustained winds have increased to 160 miles (260 kilometers) per hour with hi...
Posted: Jul 02, 2024
Executive Summary: For a multinational insurance company like Zurich Insurance Group, which can find itself delivering large, complex policies in multiple languages to a single international customer, there’s a logical use case for Gen AI’...
Posted: Jul 02, 2024
The US Justice Department will charge Boeing Co. with criminal fraud, leaving the planemaker to choose between pleading guilty or taking the risk of going to trial, according to people familiar with the matter. Boeing has until the end of …
Posted: Jul 02, 2024
The Supreme Court’s move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police Wall Street and invite more litigation, legal experts said in the wake of Friday’...
Posted: Jul 02, 2024
CDK said on Monday it anticipates all dealers to be live on its dealer management system (DMS) by late July 3 or early morning on July 4. The company, which provides software to car dealerships, had briefly shut down all …
Posted: Jul 02, 2024
Domestic workers in Rhode Island will now be paid the state’s minimum wage under a bill signed into law by Democratic Gov. Daniel McKee. Traditionally, domestic workers haven’t been given that protection as the Rhode Island minimum wage h...
Posted: Jul 02, 2024
CHARLESTON, W.Va. (AP) — The head of the national mine workers’ union on Friday condemned what he characterized as an effort by House Republicans to block enforcement of a long-awaited federal rule directed at curbing workers’ exposure to...
Posted: Jul 02, 2024
A South Carolina man with a long criminal history has pleaded guilty to multiple insurance fraud and identity fraud schemes that had netted him more than $139,000. Marcus Blair, of Florence, South Carolina, has been convicted 18 times previously and...
Posted: Jul 02, 2024
The Florida Insurance Guaranty Association now has an auto insurance representative on its board. Florida Chief Financial Officer Jimmy Patronis announced last week that he has appointed D. Ryan West, the senior director of physical damage claims at...
Posted: Jul 02, 2024
The White House is seeking roughly $4 billion in additional emergency funding from Congress for costs related to the collapse and repair of the Francis Scott Key bridge in Baltimore and to respond to other disasters that have occurred around …
Posted: Jul 02, 2024
Arthur J. Gallagher & Co. acquired Rancho Cucamonga, California-based Cornerstone Commercial & Personal Insurance Services Inc. Phil Hakopian, Allison Hakopian and their team will remain in their current location under the direction of Scott...
Posted: Jul 02, 2024
Insurance brokerage Relation Insurance Services reports it has acquired the assets of York Insurance Services, Inc. in Forest Hill, Maryland. The transaction went into effect on May 31, 2024. Terms of the transaction were not disclosed. York owner Bu...
Posted: Jul 02, 2024
Projected changes to California workers’ comp claims frequency and severity due to industry mix of employment are negligible through 2026, while employment in most industries fully recovered from the initial pandemic related changes by the end...
Posted: Jul 02, 2024
This post is part of a series sponsored by AgentSync. Salesforce is a powerhouse across complex industries, and insurance is no exception. Many carriers and agencies alike choose Salesforce as their client relationship management (CRM) system. For in...
Posted: Jul 01, 2024
While the historically official start to California’s wildfire season is still a ways off, the best forecast of the what’s ahead may be to look back on the year so far, and so far it’s been far busier for firefighters …
Posted: Jul 01, 2024
Pearl Interactive Network, Inc., a Columbus, Ohio-based telecommunications company, resolved a charge of disability discrimination filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency’s Cleveland Field Office a...
Posted: Jul 01, 2024
AM Best confirms that the financial strength rating and long-term issuer credit ratings of Accredited’s subsidiary companies remain unchanged following their acquisition by Onex Partners from R&Q Insurance Holdings Ltd. — a deal that...
Posted: Jul 01, 2024
Resilience said it doubled the cyber insurance limits it can offer to clients in the U.S. to $20 million per client. This announcement follows the launch of new features and capabilities that enable enterprises to continuously manage the mitigation a...
Posted: Jul 01, 2024
This edition of International People Moves details appointments at HDI Global and AXA XL. A summary of these new hires follows here. HDI Global Canada Promotes Navarrete to Managing Director HDI Global Canada announced the appointment of Klaus Navarr...
Posted: Jul 01, 2024
DETROIT (AP) — The city of Detroit has agreed to pay $300,000 to a man who was wrongly accused of shoplifting and also change how police use facial recognition technology to solve crimes. The conditions are part of a lawsuit …
Posted: Jul 01, 2024
Arthur J. Gallagher & Co. announced the acquisition of Katy, Texas-based Zayla Partners, LLC (Zayla). Terms of the transaction were not disclosed. Zayla is an executive compensation strategy firm that serves clients across a variety of sizes and...
Posted: Jul 01, 2024