Insurance Journal
The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the next 10 years. The …
Posted: May 29, 2024
Insurtech hyperexponential has hired Risa Ryan as head of US P/C. Risa was most recently chief underwriting officer at Sompo International. She will be based in New York. She has over 25 years of industry experience, having spent over a …
Posted: May 29, 2024
After a cyberattack on Christie’s auction house earlier this month, a hacker group called RansomHub claimed responsibility. In a post on the dark web Monday, RansomHub said that it had gained access to the personal information of the firm’...
Posted: May 29, 2024
Ariel Green, a division of Ariel Re, has expanded Lloyd’s first ever Technology Performance Insurance (TPI) Consortium. First launched in 2023, Ariel Green has renewed the consortium and grown the number of markets participating and capacity av...
Posted: May 29, 2024
A bulk carrier has taken on water and is leaning to the side after being attacked while sailing through the Red Sea, underscoring the continuing risks facing ships trying to navigate a waterway long critical to global trade. The Laax …
Posted: May 29, 2024
A ship was hit by missiles for a second time while sailing through the Red Sea on Tuesday, the UK Maritime Trade Operations said. The master of the vessel reported being struck again by missiles 33 nautical miles northwest of …
Posted: May 29, 2024
PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its stopped auditing in the country in the last two years. China Taiping Insurance Holdings Co. said on May 27 it …
Posted: May 29, 2024
One of Colombia’s biggest health insurers will gradually cease operations in the country’s public system to avoid further deterioration in its finances. Grupo de Inversiones Suramericana SA’s public insurance unit, which is known as...
Posted: May 29, 2024
The growing shadow fleet of tankers transporting sanctioned Iranian, Venezuelan and Russian oil is filling up with the cheapest fuel available, hindering industry efforts to use cleaner fuel to cut shipping emissions, according to shipping data and s...
Posted: May 29, 2024
Bayer AG Chief Executive Officer Bill Anderson said the wave of lawsuits over its Roundup weedkiller is an “existential” threat to the company and farmers, ratcheting up the stakes as it considers a controversial legal maneuver. “Th...
Posted: May 29, 2024
Tesla Inc. has reached a deal to resolve a lawsuit over the death of a Model S passenger in a fiery 2016 crash, marking the second time in two months the electric-vehicle maker has avoided a jury trial in California …
Posted: May 29, 2024
Florida authorities have nailed another alleged accident-staging group, one that collected more than $50,000 in personal injury protection benefits from auto insurance companies. Bryan Carlos Hernandez, Rusland Rivero Tellez, Juan Fonseca Lauzao and...
Posted: May 29, 2024
The Liberty Company Insurance Brokers named Katie Pope vice president, executive lines. Pope is based in Los Angeles. Pope began her insurance career at Lockton, where she was most recently an account executive. She was previously a consulting market...
Posted: May 29, 2024
A jury has awarded more than $1.1 million to an Idaho drag performer who accused a far-right blogger of defaming him when she falsely claimed that he exposed himself to a crowd, including children, during a Pride event in June …
Posted: May 29, 2024
A federal court in Vermont recently ruled that the First Amendment does not protect a construction firm and its officials using social media to retaliate against employees who exercise their rights under federal labor law. The decision by the U.S. &#...
Posted: May 29, 2024
LUBBOCK — Spring rains have revived much of the green grass covering stretches of plains in the Texas Panhandle — the same land that, just three months ago, was black from fire and ash after wildfires burned more than 1 …
Posted: May 28, 2024
Joshua Herion, a Waukegan, Illinois roofing contractor who has routinely endangered employees by ignoring federal workplace standards and penalties assesses for its violations since 2014, has paid $365,576 in fines and interest, after the U.S. Depart...
Posted: May 28, 2024
Citigroup has asked its 600 U.S. employees, who are eligible to work remotely, to return to office fulltime, it said on Friday as regulatory requirements make it hard for Wall Street banks to allow offsite work for roles such as …
Posted: May 28, 2024
The hits keep coming for West Virginia Gov. Jim Justice and his coal companies. The U.S. 4th Circuit Court of Appeals last week agreed to dismiss an appeal brought by Justice’s Southern Coal Corp. against its workers’ compensation insurer...
Posted: May 28, 2024
The Biden administration unveiled a framework for using carbon offsets to drive climate progress, with principles it says are meant to help ensure the trading regimes deliver real emissions reductions — not a green mirage. The documents released Tues...
Posted: May 28, 2024
This edition of International People Moves details appointments at Blenheim Underwriting’s Syndicate 5886 and the MGA Pen Underwriting. A summary of these new hires follows here. Blenheim Syndicate 5886 Taps Barber From Fortegra as Sr. Liabilit...
Posted: May 28, 2024
Petcare, food and candy company Mars Inc. has lost its bid to revive its claims against Factory Mutual Insurance Co. for business interruption losses it incurred during the coronavirus pandemic. The Fourth Circuit Court of Appeals last week upheld th...
Posted: May 28, 2024
The same weather system that spawned deadly tornadoes in Texas, Oklahoma and Arkansas also killed five people in western Kentucky and left hundreds of properties damaged. Local news reports said that people died in Mercer County, Hardin County, Hopki...
Posted: May 28, 2024
Families of four of the five Marines killed when their Osprey crashed in California in June of 2022 filed a federal lawsuit alleging that the aircraft’s manufacturers failed to address known mechanical failures that led to the deaths. The Marin...
Posted: May 28, 2024
WATERBURY, Conn. (AP) — The estate of a young dancer who died after eating a mislabeled cookie containing peanuts has filed a wrongful death lawsuit, claiming the failure to properly label the package was grossly negligent. Órla Ruth Baxendale, 25, &...
Posted: May 28, 2024