Insurance Journal
A person with prior health complications who had contracted bird flu died in Mexico in April and the source of exposure to the virus was unknown, the World Health Organization said on Wednesday. WHO said the current risk of bird …
Posted: Jun 10, 2024
A court-appointed panel on Friday recommended how to divvy up a pool of $2.13 billion in legal fees from nationwide drug industry settlements over the U.S. opioid crisis, with top firms set to receive hundreds of millions of dollars. The …
Posted: Jun 10, 2024
Issuance of catastrophe bonds just hit a record high, as the market braces for a rough hurricane season with the potential to do substantial damage. Sales of so-called cat bonds are 38% higher this year through May than over the …
Posted: Jun 10, 2024
The South Carolina Department of Insurance is again requesting carrier data on the health of liability insurance markets in the state. “As you are aware, South Carolina and other states have seen liability markets harden significantly over the...
Posted: Jun 10, 2024
ORLANDO, Fla. (AP) — Months after Disney and Gov. Ron DeSantis’ appointees agreed to end a protracted legal fight, the two sides are set to approve an agreement that could result in the company investing up to $17 billion into …
Posted: Jun 10, 2024
A New Jersey businessman took his star turn on the witness stand in the bribery case against Sen. Bob Menendez on Friday, telling a jury he believed he had a $200,000-to-$250,000 deal in 2018 for the Democrat to pressure the …
Posted: Jun 10, 2024
A bill that would require the safe storage of firearms in Rhode Island has been approved by lawmakers and is awaiting the governor’s signature. The bill, which won final approval from lawmakers on Thursday, would require all firearms, when not...
Posted: Jun 10, 2024
Lax oversight by California’s transportation agency contributed to a destructive blaze last year that consumed a vital section of a Los Angeles freeway used by hundreds of thousands of commuters, according to a state audit. While authorities de...
Posted: Jun 10, 2024
The biggest water district in Maine is suing manufacturers of so-called forever chemicals in the hopes of recouping costs of monitoring and treating polluted wastewater. The Portland Water District lawsuit comes as the cost of the disposal of PFAS-co...
Posted: Jun 10, 2024
The U.S. Geological Survey and its partners have come out with a new capability designed to characterize large earthquakes quickly in hopes of helping warn the public about potentially damaging shaking headed their way. The ShakeAlert System, current...
Posted: Jun 10, 2024
This post is part of a series sponsored by CoreLogic. The Atlantic and Gulf Coasts of the United States are officially in hurricane season, which every year starts on June 1 and lasts through the end of November. People across …
Posted: Jun 07, 2024
A Colorado woman who was seriously injured when a freight train hit the parked police vehicle in which she sat handcuffed has reached an $8.5 million settlement, a lawyer representing two of the involved police officers said. The city of …
Posted: Jun 07, 2024
The U.S. personal insurance sector is positioned for improving underwriting performance in 2024. According to Fitch’s latest U.S. Personal Lines Market Update, the change is predicted amid signs that the previous surge in claims severity from h...
Posted: Jun 07, 2024
North Carolina authorities have charged a Battleboro insurance agent with 74 counts after they said he forged life insurance applications for 16 people. Jonathan Michael Vlasak, 35, a licensed producer qualified to sell property, casualty, life and a...
Posted: Jun 07, 2024
Louisiana Insurance Commissioner Tim Temple recently met with 20 property and casualty insurers ahead of this year’s Atlantic Hurricane Season to make sure insurers are prepared to handle claims following a hurricane or other catastrophic event...
Posted: Jun 07, 2024
LAKE ZURICH, Ill. (AP) — The body of a 77-year-old man has been found after a house exploded in suburban Chicago. First responders found the home leveled after the explosion about 8:30 p.m. Tuesday in Lake Zurich, according to the …
Posted: Jun 07, 2024
AXIS Capital Holdings Limited, headquartered in Pembroke, Bermuda, appointed Paul Boulos and Rob Ryan as heads of ocean marine. Boulos and Ryan will be responsible for building a suite of ocean marine-related products into a comprehensive offering. M...
Posted: Jun 07, 2024
After multiple deaths in the jail, criminal charges against an employee and alleged sexual relationships with inmates, a North Carolina sheriff’s office has lost its law enforcement liability insurance coverage from Travelers. The News & Ob...
Posted: Jun 07, 2024
HOUSTON (AP) — A Texas county has agreed to pay a group of female deputies $1.5 million to settle a federal lawsuit that claimed they were abused and harassed when a constable’s office turned undercover operations into a drunken “playgrou...
Posted: Jun 07, 2024
Netflix was sued on Thursday for at least $170 million by a Scottish woman who said she was defamed over her portrayal as a stalker in the hit mini-series “Baby Reindeer.” The plaintiff Fiona Harvey has publicly claimed to be …
Posted: Jun 07, 2024
“There could be a liability crisis in reinsurance in a couple of years,” a reinsurance executive predicted this week. Ken Brandt, chair, president and chief executive officer of TransRe, offered the assessment during a 30-minute chat with...
Posted: Jun 07, 2024
Three Massachusetts drivers have hit a dead end for the second time in their drive for court certification of a class action against auto insurers over missing payments for the lost resale value of vehicles. Superior Court Justice Kenneth Salinger &#...
Posted: Jun 07, 2024
Three Massachusetts drivers have hit a dead end for the second time in their drive for court certification of class actions against two auto insurers over missing payments for the lost resale value of vehicles. Superior Court Justice Kenneth Salinger...
Posted: Jun 07, 2024
A large cargo ship lost control of its engines and went nearly full throttle through a South Carolina harbor Wednesday, prompting the closure of one of the busiest bridges in the state. Harbor pilots were able to help the nearly …
Posted: Jun 07, 2024
Brown & Brown, Inc. announced it has acquired the assets of McNamara Company. McNamara Company is a family-owned agency that has been servicing customers in all 50 states for four generations. Established in 1970 in Minnesota, McNamara Company pr...
Posted: Jun 07, 2024