Insurance Journal
The Biden administration on Thursday announced plans to bar the sale of antivirus software made by Russia’s Kaspersky Lab in the United States, with Commerce Secretary Gina Raimondo saying that Russia’s influence over the company poses a...
Posted: Jun 21, 2024
Assicurazioni Generali SpA is seeking to sell its units in Turkey and the Philippines, people with knowledge of the matter said. The Italian insurer has kicked off separate processes to dispose of its small Istanbul-based Generali Sigorta AS subsidia...
Posted: Jun 21, 2024
The cyber criminals taking credit for the hack on London hospitals earlier this month have published what they claim is stolen data from the attack. England’s National Health Service said in a statement Friday it was aware that the data …
Posted: Jun 21, 2024
Aircraft leasing firms have struck settlements with Russia totalling around $2.7 billion for over a quarter of the roughly 400 aircraft stuck in the country since Moscow’s invasion of Ukraine in 2022. In return, international lessors handed own...
Posted: Jun 21, 2024
A new report from a climate activist group portrays a “mixed picture of progress and persistent challenges” in the insurance sector in addressing climate-related risks, with some insurers successfully integrating climate-related risks and...
Posted: Jun 21, 2024
High claim severities, persistent risky driving behavior, electric vehicles and shop-and-swap consumers are challenging auto insurers to stay profitable. The challenges will continue through the end of the year and beyond, according to the 2024 U.S A...
Posted: Jun 21, 2024
The U.S. directors and officer segment in 2023 recorded a direct loss ratio of 50.8—the best result in nearly a decade—but industry rating agency AM Best is not convinced the good times will last. In a special report on U.S. …
Posted: Jun 21, 2024
The insurance fallout from the Christmas Day 2020 bombing in downtown Nashville continues, with a federal court deciding this week that Aspen Specialty Insurance must cover millions in replacement costs for a heavily damaged condominium building. The...
Posted: Jun 21, 2024
Attorneys are asking a federal judge to prevent crew members on the cargo ship Dali from returning to their home countries amid ongoing investigations into the circumstances leading up to the deadly collapse of the Francis Scott Key Bridge in …
Posted: Jun 21, 2024
Los Angeles has agreed to pay $300,000 to cover the legal fees of a local journalist and a technology watchdog group that had been sued by the city last year for publishing photos of names and photographs of hundreds of …
Posted: Jun 21, 2024
A proposed amendment to New York’s constitution barring discrimination based on “gender identity” and “pregnancy outcomes” was restored to the November election ballot Tuesday by a state appeals court. The court decision...
Posted: Jun 21, 2024
Emerald Bay Risk Solutions is partnering with Lightspeed Specialty Insurance Solutions to launch an insurance facility in California that delivers coverage for homeowners and landlords. The facility will primarily target owner- or tenant-occupied dwe...
Posted: Jun 21, 2024
This post is part of a series sponsored by Dyad. In the ever-evolving landscape of Property and Casualty (P&C) insurance, the distribution “middle”, comprised of intermediaries such as agents, brokers, MGAs, and wholesalers, plays a p...
Posted: Jun 20, 2024
In the past year, over 100 million in acquisitions have been completed. GREENSBORO, NC., June 18, 2024— Smart Choice® experiences record expansion driven by acquisitions and organic growth. In the past year, over $100 million in acquisitions and fift...
Posted: Jun 20, 2024
CHARLOTTE, N.C. (June 3, 2024) – Amwins Program Underwriters (APU), part of Amwins’ Underwriting division, announced a new carrier relationship with Great American Insurance Group, whose lead insurer, Great American Insurance Company, is an A.M...
Posted: Jun 20, 2024
A pair of wildfires in New Mexico continue to rage uncontained, destroying an estimated 1,400 structures, forcing the evacuation of more than 8,000 people, while rains also flooded parts of the state. The Salt and South Fork fires have burned …
Posted: Jun 20, 2024
A Chicago health care company and its former owners will pay nearly $2 million to the United States and the States of Illinois and Indiana to resolve a civil lawsuit arising from the submission of false claims to Medicare and …
Posted: Jun 20, 2024
The state’s main electric grid operator has sharply increased its prediction for how much power demand will increase in coming years. If it’s accurate, the state would need to be able to provide nearly double the amount of power within &#...
Posted: Jun 20, 2024
TOLEDO, Ohio (AP) — Stifling heat blanketed tens of millions across United States on Tuesday, forcing people and even zoo animals to find ways to cool down as summer arrives in what promises to be a sweltering week. Extreme heat …
Posted: Jun 20, 2024
A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes, underwriting and customer fulfilment, according to a survey conducted by Gallagher Bassett, the claims-services prov...
Posted: Jun 20, 2024
The developers of the Golden Pass LNG export facility that’s under construction in Texas warned of additional costs and delays due to the bankruptcy of contractor Zachry Industrial Inc. “Construction of a project of this magnitude, capabl...
Posted: Jun 20, 2024
A bid by GSK and other drugmakers to stop more than 70,000 lawsuits in Delaware over discontinued heartburn drug Zantac has received the backing of leading U.S. industry groups, including the United States Chamber of Commerce and Pharmaceutical Resea...
Posted: Jun 20, 2024
NASHVILLE, Tenn. (AP) — Riley Strain, a University of Missouri student whose body was recovered from a river after going missing in Tennessee’s capital for nearly two weeks, died from accidental drowning and intoxication, according to a newly r...
Posted: Jun 20, 2024
ATLANTA (AP) — An Alabama insurance producer pleaded guilty Tuesday to leaving threatening phone messages for Fulton County District Attorney Fani Willis and the county sheriff last summer because he was angry over the election-interference investiga...
Posted: Jun 20, 2024
The 911 system across Massachusetts was restored Tuesday after going down for several hours, which made it impossible for anyone to reach emergency services through the call number. The Massachusetts State Police announced around 3:45 p.m. that the s...
Posted: Jun 20, 2024