Insurance Journal
The board of governors for Florida’s state-created Citizens Property Insurance Corp. voted unanimously Wednesday to raise personal lines rates by an average of 14% statewide – near the maximum allowed under the insurer’s glide path – star...
Posted: Jun 19, 2024
Philip Morris International Inc. stopped online sales of its popular nicotine pouch brand Zyn in the US after receiving a subpoena in the District of Columbia related to flavored products that are banned there. Philip Morris said its preliminary inve...
Posted: Jun 19, 2024
QBE announced that it will start shutting down the middle-market segment in North America to focus on North American businesses where it has more meaningful market position, relevance and scale. Three core businesses remain—Specialty, Crop and Commer...
Posted: Jun 19, 2024
The SS United States, a historic ship that still holds the transatlantic speed record it set more than 70 years ago, must leave its berth on the Delaware River in Philadelphia by Sept. 12, a federal judge says. The decision …
Posted: Jun 19, 2024
The SS United States, a historic ship that still holds the transatlantic speed record it set more than 70 years ago, must leave its berth on the Delaware River in Philadelphia by Sept. 12, a federal judge says. The decision …
Posted: Jun 19, 2024
R&Q Insurance Holdings Ltd. announced it will file for a provisional liquidation in Bermuda – after it had it had exhausted strategic alternatives for a financial rescue. At the same time, R&Q said the proposed sale of 100% of its …
Posted: Jun 19, 2024
The Atlanta City Council voted to provide up to $7.5 million for small businesses that were affected by water outages due to a water main break near downtown late last month. Georgia Public Broadcasting, the Atlanta Journal-Constitution and other new...
Posted: Jun 19, 2024
Cybercriminals are demanding payments of between $300,000 and $5 million apiece from as many as 10 companies breached in a campaign that targeted Snowflake Inc. customers, according to a security firm helping with the investigation. The hacking schem...
Posted: Jun 19, 2024
First responders believe they have accounted for all 13 people who might have been in a Syracuse two-family home that collapsed yesterday. Syracuse Fire Chief Michael Monds said 11 children and adults were injured and rushed to Upstate University Hos...
Posted: Jun 19, 2024
RALEIGH, N.C. (AP) — Damage to a utility’s power equipment by gunfire found in Durham was associated with an outage that left hundreds of people without power earlier this week, the company said. About 730 people experienced a power outage R...
Posted: Jun 19, 2024
JACKSON, Miss. (AP) — What could become Mississippi’s largest solar energy project was approved by a county board this week over objections from people who live near the proposed site. Hinds County supervisors voted 3-2 in favor of a conditiona...
Posted: Jun 19, 2024
A vessel hit by a sea drone in the Red Sea last week has sunk, the UK Navy said, the second confirmed to go down since Yemen’s Houthi rebels began attacks on shipping in the region. The bulk commodity carrier …
Posted: Jun 19, 2024
Port strikes at five key five German ports may cost $6 billion (£4.71 billion) in lost trade according to analysis by Russell Group, a data and analytics company. There is a 24-to-48-hour strike by port workers across the five key …
Posted: Jun 19, 2024
This edition of International People Moves details appointments at Canopius and Swiss Re. A summary of these new hires follows here. Canopius Taps AXA XL’s Houghton as Product Leader, Specialty Canopius, the London-based global specialty and pr...
Posted: Jun 19, 2024
Wildfires in Canada that burned continuously for over a year. Floods that brought Dubai to a standstill. Deadly heat blanketing the streets of New Delhi. The first half of 2024 has laid bare the catastrophic extremes that now characterize the …
Posted: Jun 19, 2024
A cohort of Russian-speaking hackers is demanding $50 million from a UK lab-services provider to end a ransomware attack that has paralyzed services at London hospitals for weeks, according to a representative for the group. Qilin, as the group is &#...
Posted: Jun 19, 2024
Europe’s ESG rulebook, which is seen as the benchmark for setting sustainability-disclosure requirements worldwide, keeps getting pushback from the regulators charged with enforcing it. In an opinion to the European Commission, regulators for t...
Posted: Jun 19, 2024
Michael Diaz-Rivera’s experience simultaneously represents the promise and failure of social equity licenses for the cannabis industry. Diaz-Rivera’s conviction in 2006 for marijuana possession made him eligible when Colorado agreed in 20...
Posted: Jun 19, 2024
Michael Diaz-Rivera’s experience simultaneously represents the promise and failure of social equity licenses for the cannabis industry. Diaz-Rivera’s conviction in 2006 for marijuana possession made him eligible when Colorado agreed in 20...
Posted: Jun 19, 2024
Damage to U.S. homes due to lightning resulted in $1.2 billion in homeowners insurance claims in 2023, up 30% from 2022.. The number of lightning-caused U.S. homeowners insurance claims increased by 13.8% over 2022, with numbers from the top 19 ̷...
Posted: Jun 19, 2024
A federal judge dismissed a lawsuit by Exxon Mobil Corp. against Arjuna Capital after a lawyer for the activist investor group vowed not to try to resurrect a shareholder policy opposed by the company. The judge in Fort Worth, Texas, …
Posted: Jun 19, 2024
The owner of a New York roofing company has been sentenced for attempting to cover up an employee’s on-the-job death. Law enforcement investigators determined that Jeremiah Wiedemann, owner of Wiedemann Sons Roofing, had moved the victim to a d...
Posted: Jun 19, 2024
AM Best reports it has has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the members of the Philadelphia Contributi...
Posted: Jun 19, 2024
California’s largest business and labor groups agreed to change a landmark law that has helped workers sue companies such as Walmart Inc., Uber Technologies Inc. and Google for workplace violations. The deal caps years of efforts by the state&#...
Posted: Jun 19, 2024
A loss of engine power due to poor maintenance caused a 2022 helicopter crash in New Mexico that claimed the lives of four Bernalillo County first responders as they were returning home from a firefighting mission, according to federal investigators....
Posted: Jun 19, 2024