Insurance Journal
Marsh McLennan Agency, a subsidiary of Marsh, said it has a definitive agreement to acquire one of the largest agencies in the Southeast–Fisher Brown Bottrell Insurance Inc. Marsh McLennan Agency will pay $316 million in cash, subject to customary pu...
Posted: Jun 02, 2024
The Florida Association of Insurance Agents, the largest agent group in the state, this spring took the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and bring more capacity …
Posted: Jun 02, 2024
By Allen Laman Discrimination, active assailants and an aging infrastructure — educational institutions today face tough liability and property risks that were uncommon in the not-too-distant past. Pair those with longtime risks like sexual ass...
Posted: Jun 02, 2024
Increased distractions, staffing shortages and safety risks mean that 60% of company drivers are worried about their personal safety and liability behind the wheel. Over half have been involved in or witnessed an accident in the past year. According...
Posted: Jun 02, 2024
I remember watching Michael Crighton’s “Westworld” in 1973. Two vivid impressions from that experience remain. The first was my date breaking my glasses when she screamed and threw her arms open during a startling scene. The second...
Posted: Jun 02, 2024
By Will Rabb Cracked steel columns are not “property damage,” but are building products that are not covered by a contractor’s general liability policy, the U.S. 7th Circuit Court of Appeals decided in an opinion that lets St. Paul...
Posted: Jun 02, 2024
Current and former leaders with Florida property insurers have had some strong reactions to state regulators’ recent efforts to oust company executives who previously helmed now-insolvent carriers. Some have called the unprecedented regulatory...
Posted: Jun 02, 2024
A man injured when he was hit by a car while he was operating a low speed Segway electric scooter is not entitled to personal injury protection (PIP) benefits under New Jersey’s no-fault auto insurance law, the state’s Supreme Court ̷...
Posted: Jun 02, 2024
When it comes to understanding why auto rates are up, I feel fairly knowledgeable. After all I spend my working life reviewing and reporting on the property/casualty insurance world, so I hear the industry explain again and again why personal …
Posted: Jun 02, 2024
Multiple computer models from forecasting organizations across the globe have predicted a very active hurricane season starting next month, spelling trouble for much of the coastal Southeastern tates. The models are probably going to be proven correc...
Posted: Jun 02, 2024
Maryland plans to rebuild the Francis Scott Key Bridge in just over four years at an estimated cost between $1.7 billion and $1.9 billion, a state transportation official said. The state plans to build a new span by fall of …
Posted: Jun 02, 2024
By Ezra Amacher Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more than $100 million, according to a new study by research firm Marathon Strategies. The report, “...
Posted: Jun 02, 2024
Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other factors are influencing claims costs for indemnity and expense payments, according to a new AM Best report. Accord...
Posted: Jun 02, 2024
By Juan A. Lozano The one remaining wrongful death lawsuit filed after 10 people were killed during a deadly crowd crush at the 2021 Astroworld music festival has been set for trial in civil court in September, a judge ruled. …
Posted: Jun 02, 2024
A popular country music venue in Greenville, South Carolina, has closed its doors after almost 30 years, citing the cost of liquor liability insurance in the state. The Blind Horse Saloon, known for hosting some well-known artists through the years &...
Posted: Jun 02, 2024
National Zurich North America, headquartered in Schaumburg, Illinois, named Kara Higginbotham head of professional liability and cyber for U.S. national accounts, leading a team of underwriters who serve Zurich’s largest U.S. corporate and midd...
Posted: Jun 02, 2024
Louisiana lawmakers passed a series of auto insurance reform bills that aim to bring availability and competition to the market by cutting down on excessive verdicts and settlements. Legislators passed four bills endorsed by Insurance Commissioner Ti...
Posted: May 31, 2024
A Kentucky tobacco farmer has been sentenced to more than three years in prison after pleading guilty to crop insurance fraud, eight years after he was convicted of similar crimes. David Manion, 61, who resides in Lafayette, Tennessee, and owns ̷...
Posted: May 31, 2024
Two unnamed flight attendants have filed suit against the Jacksonville Jaguars NFL team and former placekicker Brandon McManus, accusing him of sexual assault during an 8-hour flight to London last fall. The women, referred to only as Jane Doe I R...
Posted: May 31, 2024
Two unnamed flight attendants have filed suit against the Jacksonville Jaguars NFL team and former placekicker Brandon McManus, accusing him of sexual assault during an 8-hour flight to London last fall. The women, referred to only as Jane Doe I R...
Posted: May 31, 2024
Tesla is recalling 125,227 vehicles in the U.S. due to a malfunction in its seat belt warning system that can increase the risk of injury in a collision, the National Highway Traffic Safety Administration said on Friday. The regulator said …
Posted: May 31, 2024
The leading pet insurer in the U.S. said it is dropping about 100,000 policies starting this spring, citing inflation in the cost of veterinary care. Nationwide Pet, the leading provider of pet insurance for dogs, cats, birds and exotic animals, R...
Posted: May 31, 2024
RODANTHE, N.C. (AP) — Another house has collapsed into the Atlantic Ocean along North Carolina’s coast, the sixth to fall along the Cape Hatteras National Seashore’s beaches in the past four years, according to U.S. National Park Service...
Posted: May 31, 2024
The California Supreme Court has resolved a question about insurance coverage for COVID-19 business shutdowns in the issue of a virus exclusion in a ruling that is consistent with the vast majority of courts nationwide: the presence of the virus R...
Posted: May 31, 2024
Lenox Advisors, Inc., an affiliate of NFP, an Aon company, reports it has acquired Martin/Wight & Co., a Maryland-based insurance and financial services firm that specializes in serving medical professionals. Founders Brian Martin and Ted Wight w...
Posted: May 31, 2024