Insurance Journal

DOXA Acquires Illinois MGA CPH Insurance

DOXA Insurance announced the acquisition of CPH Insurance, a Chicago-based MGA providing professional liability products for mental health, allied health and healthcare professionals. Founded in 2000 by founder and President Phil Hodson to specifical...

Posted: Jun 11, 2024

Pipeline Brawl in Louisiana Rattles Industry Desperate to Build

A legal battle in Louisiana is hobbling construction of three pipeline projects worth more than $2 billion. Yet the litigation isn’t from environmentalists: It’s spearheaded by one of the biggest natural gas pipeline operators in the US....

Posted: Jun 11, 2024

Crisis Management Planning For Your Construction Company

This post is part of a series sponsored by TSIB. The saying, “life is what happens to you while you’re busy making other plans,” is as true as a statement that you can make. Unfortunately, the simple truth is, bad …

Posted: Jun 11, 2024

US House committee report finds Wall Street ‘colluded’ to curb emissions

A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions. The report is &#...

Posted: Jun 11, 2024

US House Committee Report Finds Wall Street ‘Colluded’ to Curb Emissions

A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions. The report is &#...

Posted: Jun 11, 2024

Fortegra Granted License to Operate in Belgium and European Union

The Fortegra Group Inc., the Jacksonville, Florida-based specialty insurer and subsidiary of Tiptree Inc., announced it has received approval to operate in Belgium and the European Union. Fortegra Belgium Insurance Co. NV will be based in Brussels an...

Posted: Jun 11, 2024

WTW: US Commercial Insurance Price Increases in Q1 ‘Steady’ at 6.3%

Broker WTW said commercial lines insurance increased overall by an average of 6.3% during the first quarter. Quarterly price increases have been about 6% since the global pandemic, WTW reported in its Commercial Lines Insurance Pricing Survey (CLIPS)...

Posted: Jun 11, 2024

Tesla Must Face Autopilot False Ad Claims by California DMV

Tesla Inc. failed to persuade an administrative judge to dismiss claims by a California regulator that the company overstated its vehicles’ self-driving capabilities — one of several ongoing regulatory investigations of the electric-car maker&#...

Posted: Jun 11, 2024

Big Miami Apartment Fire Deliberately Set After Shooting, Officials Say

A 100-year-old apartment complex in Miami on Monday erupted into one of the largest blazes in decades after one man shot an employee at the site then set fire to the building. The Miami Herald, the New York Times and …

Posted: Jun 11, 2024

Port of Baltimore Channel Reopens Fully to Commercial Maritime Traffic

Seventy-six days after it was blocked by the collapse of the Key Bridge, the major shipping channel through the Port of Baltimore has been cleared of debris and restored to allow commercial maritime transit. The U.S. Army Corps of Engineers …

Posted: Jun 11, 2024

Rightward Shift After Election Could Limit Future EU Climate Policies

A more rightward-leaning European Parliament will make it harder to pass ambitious EU climate policies, but the majority of Europe’s current world-leading green policies are likely to stay put, lawmakers, officials and analysts said. Provisiona...

Posted: Jun 11, 2024

Bipartisan Bill Aims to Authorize Payouts for Coastal Structures

A new bipartisan bill would authorize National Flood Insurance Plan payouts for structures condemned due to chronic erosion or unusual flooding. Introduced earlier this month by Congresswoman Chellie Pingree (D-Maine) and Congressman Greg Murphy (R-N...

Posted: Jun 11, 2024

Singapore Airlines Offers Compensation for Flight Hit by Turbulence

Singapore Airlines has sent compensation offers to passengers on a flight last month from London to Singapore that ran into severe turbulence, causing dozens of injuries and a death, the carrier said on Tuesday. Passengers with minor injuries have be...

Posted: Jun 11, 2024

Britam of Kenya Plans to Enter $5 Billion Congo Insurance Market

Britam Holdings Ltd. is hunting for opportunities to enter the massive but under-served insurance market in Democratic Republic of Congo later this year. Kenya’s biggest listed insurer by market value with operations in seven African economies...

Posted: Jun 11, 2024

Paper Links Social Learning and Flood Insurance Uptake

Short but severe flooding that followed hurricanes Harvey and Irma in 2017 “triggered a nationwide increase in flood insurance take-up according to each county’s social network proximity to the flooded counties, accompanied by a climate c...

Posted: Jun 11, 2024

People Moves: Everest Names Buonpane Head of Casualty Specialty, Industry Practices; Allied World Ap...

Everest Insurance Names Buonpane to Head of Casualty Specialty Lines and Industry Practices Everest Insurance North America, headquartered in Warren, New Jersey, hired Stephen Buonpane to the newly created role of senior vice president, casualty spec...

Posted: Jun 11, 2024

Major World Economies Seek to Halt New Private Sector Coal Financing

Some of the world’s major economies want to finalize a plan ahead of this year’s U.N. climate summit to halt new private sector funding for coal projects, five sources with direct knowledge of the matter told Reuters. If approved, the &#8...

Posted: Jun 11, 2024

Latest Trial Over Zantac Cancer Claims Called Off as Plaintiff Drops Case

A woman who claimed in a lawsuit that GSK’s discontinued heartburn drug Zantac caused her breast cancer dropped her case shortly before it was set to go to trial in Illinois state court on Monday, the company announced. GSK said …

Posted: Jun 11, 2024

Homeownership Costs in US Jumped 26% Since Pandemic Began

The cost of owning a home in the US has increased 26% since 2020, as expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy. The average annual outlay for owning and maintaining …

Posted: Jun 11, 2024

Contractors Can’t Advertise ‘Insurance Negotiating’ Skills, Texas Supreme Court Says

A contractor cannot be the public adjuster on a claim and cannot advertise itself as an insurance claims negotiator if it does not hold an adjusters’ license, the Texas Supreme Court decided in a case that could give support to …

Posted: Jun 11, 2024

People Moves: CSAA Names Huebner EVP of Commercial Insurance

CSAA Insurance Group named Jeff Huebner executive vice president of commercial insurance. Huebner is responsible for the distribution of commercial insurance under the Mobilitas brand. Huebner has been with CSAA Insurance Group for more than 22 years...

Posted: Jun 11, 2024

Police Say No Charges Will Be Filed in Lobster Monster Truck Crash

A police investigator concluded no criminal charges were warranted after a lobster-themed monster truck clipped a power line, causing some scary moments with live wires falling to the ground. Two people were taken to hospitals. Several people were in...

Posted: Jun 11, 2024

Massachusetts High Court Reverses, Says Uber Can Force Paralyzed Rider to Arbitrate

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 has ruled, overturning a lower court. The Massachusetts &...

Posted: Jun 11, 2024

Reuters: Walmart Opposes New York Plan to Add Panic Buttons to Stores

Retail giant Walmart says it is against putting panic buttons in stores – a move that the New York legislature wants to require under a new law aimed at keeping retail workers safe. On Friday, the New York State Senate …

Posted: Jun 11, 2024

Baltimore Reaches $45 Million Opioid Settlement with Allergan

The city of Baltimore has reached a $45 million settlement with Allergan Financet to resolve the city’s claims in ongoing litigation against opioid distributors and manufacturers related to the nation’s opioid epidemic. The settlement com...

Posted: Jun 11, 2024