Insurance Journal
For years, newly organized reciprocal insurers were few and far between and were not the preferred vehicle for new entrants to the insurance space. In fact, at one time, a prominent state insurance regulator refused to license new reciprocals, believ...
Posted: Jun 16, 2024
By Jahna Jacobson The construction sector accounts for the largest premium share when it comes to workers’ compensation premium in National Council on Compensation Insurance (NCCI) states but improved safety measures and employee tenure through...
Posted: Jun 16, 2024
The role of press releases often is underappreciated in the insurance industry. While digital marketing and social media strategies can dominate the conversation, the traditional press release remains a powerful tool that holds immense untapped poten...
Posted: Jun 16, 2024
In today’s competitive job market, companies are increasingly recognizing the importance of prioritizing employee happiness. It’s no secret that happy employees are more productive, engaged, and likely to stay with their employers for the...
Posted: Jun 16, 2024
Having spent 15 years traveling across the country meeting principals, I’ve learned much about why some agencies are successful and others fail when it comes to acquiring and nurturing new producers. What I’ve discovered is that the most...
Posted: Jun 16, 2024
The U.S. property/casualty insurance segment’s net investment income hit a record $73.9 billion in 2023, bolstered by the higher interest rate environment, according to a new AM Best report. The Best’s Special Report, “U.S. P/C Insu...
Posted: Jun 16, 2024
In last month’s column, we began our examination of hail and windstorm claims issues by focusing on the pervasive problem of whether delayed discovery and reporting of hail damage meets the conditional requirements of most homeowners policies t...
Posted: Jun 16, 2024
A Connecticut Appeals Court has affirmed that an insurer is not obligated to provide actual notice of a home insurance nonrenewal; proof that the insurer sent the notice by registered or certified mail is sufficient. The homeowners in the case …...
Posted: Jun 16, 2024
Wisconsin’s average indemnity benefit per claim grew nearly 10% in 2022, fueled by large growth in the average duration of temporary disability per claim, according to a recent study from the Workers Compensation Research Institute. Nevertheles...
Posted: Jun 16, 2024
Krause Group, headquartered in Des Moines, Iowa, named Holly Westervelt to the newly created role of vice president of sales, a part of the leadership team for Krause Group’s expanding agency division, The Krause Agency. Westervelt joins Krause...
Posted: Jun 14, 2024
OKLAHOMA CITY (AP) — The Oklahoma Supreme Court on Wednesday dismissed a lawsuit by survivors of the 1921 Tulsa Race Massacre, dampening the hope of advocates for racial justice that the city would make financial amends for one of the …
Posted: Jun 14, 2024
NEW ORLEANS (AP) — Officially reversing a controversial March ruling, Louisiana’s highest court Wednesday gave childhood victims of sexual abuse a renewed opportunity to file damage lawsuits. The state Supreme Court’s 5-2 ruling Wednesday...
Posted: Jun 14, 2024
WEST ALTON, Mo. (AP) — Devastating flooding, driven in part by climate change, is taking an especially damaging toll on communities that once thrived along the banks of America’s most storied river. Flooding has pushed people out of their homes...
Posted: Jun 14, 2024
A federal judge in New Jersey, in a blistering opinion, has refused to disqualify himself from a case involving his insurer, Liberty Mutual, and accused the insurer of seeking his recusal and attacking his integrity because it did not like …
Posted: Jun 14, 2024
Apple on Thursday was hit with a proposed class action accusing the tech giant of paying more than 12,000 female employees in California less than men with comparable jobs. The lawsuit filed in state court in San Francisco by two …
Posted: Jun 14, 2024
Attorneys general in 42 states said they finalized a $700 million settlement with Johnson & Johnson over the marketing of its talcum powder products. The settlement, announced in principle in January, resolves an investigation by the states and W...
Posted: Jun 14, 2024
The Clear Group, the London-based independent broker, announced it has acquired the book and assets of credit insurance broker Rycroft Associates LLP and its sister company and appointed representative, Inspire Credit Management Ltd., a delegated aut...
Posted: Jun 14, 2024
Singapore’s Income Insurance Ltd is in discussion with Allianz regarding a transaction relating to its shares in Income Insurance, it said in a statement on Friday. The company added in the statement that there is no assurance that any transact...
Posted: Jun 14, 2024
Insured losses from floods that hit Central Europe between Thursday, May 30 and Monday, June 3 in Germany will likely fall within the range of €2 billion to €3 billion (US$2.1 billion to US$3.2 billion), according to Moody’s RMS Event …
Posted: Jun 14, 2024
Dangerous flooding from a tropical disturbance inundated much of southern Florida on Wednesday, blocking roads, floating vehicles and delaying the Florida Panthers on their way to Stanley Cup games in Canada against the Edmonton Oilers. The disorgani...
Posted: Jun 14, 2024
Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd. in a deal opposed by the German firm’s founders. The Abu Dhabi sovereign wealth fund has told Wefox shareho...
Posted: Jun 14, 2024
Lawyers appointed by the liquidators of China Evergrande Group 3333.HK are investigating some of the property developer’s service providers including its former auditor PricewaterhouseCoopers, to potentially recoup losses for creditors, three s...
Posted: Jun 14, 2024
Lawyers appointed by the liquidators of China Evergrande Group 3333.HK are investigating some of the property developer’s service providers including its former auditor PricewaterhouseCoopers, to potentially recoup losses for creditors, three s...
Posted: Jun 14, 2024
Just before Ana Clara Benevides lost consciousness, she likely found it hard to breathe. Packed with 60,000 people in Rio de Janeiro’s Nilton Santos Stadium for a Nov. 17 Taylor Swift concert — amidst a heat wave with a “real …
Posted: Jun 14, 2024
A small cargo ship was on fire after being hit by three projectiles while sailing in the Gulf of Aden, marking the second significant incident in two days and a fresh ramp up of attacks. The attack on the Verbena …
Posted: Jun 14, 2024