Insurance Journal
Nearly a year after wind-whipped flames raced through Kim Ball’s Hawaii community, the empty lot where his house once stood is a symbol of some of the progress being made toward rebuilding after the deadliest U.S. wildfire in more than …
Posted: Jul 01, 2024
Nearly a year after wind-whipped flames raced through Kim Ball’s Hawaii community, the empty lot where his house once stood is a symbol of some of the progress being made toward rebuilding after the deadliest U.S. wildfire in more than …
Posted: Jul 01, 2024
The Fidelis Partnership and Fidelis Insurance Holdings Ltd. jointly announced that Syndicate 3123 has formally begun underwriting business at Lloyd’s. Syndicate 3123, also known as The Fidelis Partnership Syndicate, was launched by The Fidelis...
Posted: Jul 01, 2024
BOSTON (AP) — Drivers for Uber and Lyft will earn a minimum pay standard of $32.50 per hour and will be eligible for occupational accident insurance paid by the companies for up to $1 million for work-related injuries under a …
Posted: Jul 01, 2024
A minivan slammed into a Long Island nail salon Friday, killing four and injuring nine people inside the business at the time, a Suffolk County fire official said. The vehicle came to a stop at the back of the Hawaii …
Posted: Jul 01, 2024
Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cybercrime, even as ransomware attacks are rising, broker Howden said in a report on Monday. Insurance premiums to protect companies against cy...
Posted: Jul 01, 2024
Markerstudy, the UK insurance group, has completed the purchase of the Ardonagh Group’s personal lines broking business, Atlanta Group, in a deal that was first announced in September 2023. While financial details of the transaction were not di...
Posted: Jul 01, 2024
Ryan Specialty Holdings, Inc. said company founder, chairman and chief executive Patrick G. Ryan will move to an executive chairman role and Timothy W. Turner will take over as will become CEO. Turner is currently president of Ryan Specialty and R...
Posted: Jul 01, 2024
This has been a year of insurance sticker shock in the US. But the man who provides insurance to insurers thinks maybe the shock still isn’t enough to steer people away from risk in a changing climate. “There is not …
Posted: Jul 01, 2024
More than half of U.S. homeowners did not check their roofs for issues between February 2023 and 2024, according to a recent report by The Hanover Insurance Group. Only 38% of survey respondents reported checking for roof issues — including …
Posted: Jul 01, 2024
Hurricane Beryl, described by forecasters as “extremely dangerous,” is set to cause massive damage across the Caribbean’s Windward Islands on Monday. Beryl’s winds roared across the region at 120 miles (195 kilometers) per hou...
Posted: Jul 01, 2024
This post is part of a series sponsored by IAT Insurance Group. This episode reveals three factors causing havoc on the trucking industry, particularly for independent truckers, and how they should balance cost-cutting measures while being adequately...
Posted: Jul 01, 2024
Microsoft Corp. has told more than a dozen state agencies and public universities in Texas that Russian state-sponsored hackers accessed emails between them and the software giant. The attackers were able to gain access to the communications through...
Posted: Jul 01, 2024
The auto insurance and repair industry must “adapt to new patterns and prepare for an unpredictable future,” according to the Crash Course Q2 2024 report released by CCC Intelligent Solutions Inc., a P/C cloud platform provider. The lates...
Posted: Jul 01, 2024
A federal judge on Friday rejected a bid by a group of cancer victims to block Johnson & Johnson from pursuing a proposed bankruptcy settlement of tens of thousands of lawsuits alleging the company’s baby powder and other talc products R...
Posted: Jul 01, 2024
New York City is the world’s most-congested urban area for the second year in a row, costing the city an estimated $9.1 billion in lost time, a new report shows. A typical motorist driving through the most populated city in …
Posted: Jul 01, 2024
Florida regulators’ effort to enforce a 2002 state law and keep insolvent insurers’ officers out of carrier leadership roles appears to be a reason behind a significant shakeup at St. Petersburg-based American Coastal Insurance Corp. An o...
Posted: Jul 01, 2024
An insurer cannot rescind a workers’ compensation policy, even in the case of a material misrepresentation that could led to millions of dollars in benefits payments, the Mississippi Supreme Court decided last week. The Mississippi Workers̵...
Posted: Jul 01, 2024
Florida Senate Bill 360 became law on April 13, 2023. It significantly reduced the time Florida’s statute of repose and statute of limitations give plaintiffs – including subrogating insurers – to bring civil actions regarding the design, plann...
Posted: Jul 01, 2024
California’s Workplace Violence Prevention Senate Bill 553, which is now in effect (July 1), requires businesses with exposure in the state to implement robust workplace violence prevention plans. SB 553, which modifies an existing California l...
Posted: Jul 01, 2024
Total insurer combined losses and expenses incurred in 2023 were down, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its report on workers’ compensation losses and expenses for 2023. Findings...
Posted: Jul 01, 2024
This post is part of a series sponsored by TSIB. We are seeing an explosion of technology as our devices become more powerful and less expensive. Companies are taking advantage of our voracious appetite for all things technology and creating …
Posted: Jun 30, 2024
A new Rhode Island law prohibits auto insurers from charging policyholders more solely because they have been widowed. The new law bans insurers from treating widows or widowers any differently than married people in terms of classification or rates...
Posted: Jun 30, 2024
Uber can require that a passenger seriously injured in a crash involving an Uber driver go to arbitration over his $63 million damages claim without a trial, the highest court in Massachusetts recently ruled, overturning a lower court. The Massachuse...
Posted: Jun 30, 2024
The New Jersey Supreme Court has ruled that all commercial landowners — including owners of vacant commercial lots — have a duty to maintain the public sidewalks abutting their property in reasonably good condition and are liable to pedes...
Posted: Jun 30, 2024