Insurance Journal
Though A.M. Best remains bullish on the delegated underwriting authority enterprises (DUAEs) market, it remains cautious of the risk managing general agents (MGAs) bring to insurers. In its latest market segment report, the rating agency said “...
Posted: May 24, 2024
Canada released its first-ever cybersecurity strategy for federal government departments and agencies on Wednesday, with the aim of addressing challenges posed by remote work, cloud computing, aging infrastructure and recruitment. The strategy, annou...
Posted: May 24, 2024
Airbus is showing off an unusual vehicle – a truck fitted with basic A350 airliner controls – that it hopes can demonstrate how automated taxiing will make airports safer as concern grows over a spate of jetliners colliding on the …
Posted: May 24, 2024
Singapore’s Income Insurance Ltd. is exploring options as it looks to expand across the Asia Pacific region, including possibly tying up with a partner or selling a stake, according to people familiar with the matter. While Income Insurance has...
Posted: May 24, 2024
JEFFERSON CITY, Mo. (AP) — After failing in several U.S. states this year, global chemical manufacturer Bayer said Tuesday that it plans to amplify efforts to create a legal shield against a proliferation of lawsuits alleging it failed to warn …...
Posted: May 24, 2024
Allianz is the lead insurer for the Singapore Airlines aircraft which left one person dead and scores injured after it hit severe turbulence and had to be diverted to Bangkok this week, two sources said on Thursday. The sources familiar …
Posted: May 24, 2024
In the City of London, executives are looking forward to the imminent general election as a chance for clarity after a turbulent few years. Matthew Beesley, chief executive officer at Jupiter Fund Management Plc, said markets are not afraid of …...
Posted: May 24, 2024
World Insurance Associates Names Woosley EVP, Head of National Practice Groups World Insurance Associates LLC, headquartered in Iselin, New Jersey, named Thaddeus Woosley as executive vice president and head of national practice groups. Woosley is ba...
Posted: May 24, 2024
NEW ORLEANS (AP) — Two shipping companies agreed to pay $2 million in penalties after pleading guilty to federal charges related to the dumping of oil in the Atlantic Ocean by a ship bound for New Orleans last year. The …
Posted: May 24, 2024
OKLAHOMA CITY (AP) — A wind farm in southwest Iowa suffered a direct hit from a powerful tornado that crumpled five of the massive, power-producing towers, including one that burst into flames. But experts say fortunately such incidents are rare. ...
Posted: May 24, 2024
LITTLE ROCK, Ark. (AP) — A jury has ruled against a Black couple who sued a Little Rock steakhouse over a fight the couple had with white customers who weren’t wearing masks and stood too close during the COVID-19 pandemic. …
Posted: May 24, 2024
A jury in Chicago on Thursday rejected an Illinois woman’s claim that the now discontinued heartburn drug Zantac caused her colon cancer, in the first trial out of thousands of lawsuits making similar allegations. The jury in Cook County, Illin...
Posted: May 24, 2024
U.S. planemaker Boeing faces a “long road” to address safety issues, the head of the Federal Aviation Administration said on Thursday as it prepares to receive the company’s plan to address concerns. In late February, FAA Administra...
Posted: May 24, 2024
CHARLESTON, W.Va. (AP) — A coal mine in West Virginia had a long history of safety violations before a miner was fatally injured this week operating an excavator, according to local news reports. Virgil Paynter, of Lynco, was operating an …
Posted: May 24, 2024
SAIF Promotes Graneto to Chief Financial Officer SAIF, headquartered in Salem, Oregon, promoted Todd Graneto to chief financial officer. In his new role, Graneto will be responsible for the financial services division, including financial reporting,...
Posted: May 24, 2024
Fire departments across the state are reevaluating their emergency communication capabilities after the Maui wildfires, when the vulnerability of the island’s cellular network — and a lack of advanced communication tools in fire vehicles — comp...
Posted: May 24, 2024
The family of the youngest person ever executed in the state of Pennsylvania — a Black 16-year-old sent to the electric chair in 1931 and exonerated by the governor in 2022 — is suing the county that prosecuted him. Alexander …
Posted: May 24, 2024
The Prospect Park Zoo in Brooklyn, New York City is re-opening to the public on Saturday, May 25, after being closed for almost eight months due to extensive flood damage to its facilities and infrastructure. The flooding occurred as a …
Posted: May 24, 2024
The husband-and-wife owners of a janitorial company were arraigned on multiple felony counts of insurance fraud after an investigation allegedly found the couple underreported payroll for their company by more than $2.4 million to illegally save on w...
Posted: May 24, 2024
The husband-and-wife owners of a janitorial company were arraigned on multiple felony counts of insurance fraud after an investigation allegedly found the couple underreported payroll for their company by more than $2.4 million to illegally save on w...
Posted: May 24, 2024
A Maine woman is appealing the dismissal of her lawsuit that accused school officials of encouraging her teen’s gender expression by providing a chest binder and using a new name and pronouns, without consulting her. Amber Lavigne filed her not...
Posted: May 24, 2024
A Virginia insurance and annuities agent was sentenced to one year and three months years in prison for mail fraud after swindling his employer and clients in multiple schemes. According to court documents, from August 2017 through March 2020, Joseph...
Posted: May 24, 2024
GREENFIELD, Iowa (AP) — Multiple people died Tuesday and at least a dozen were injured when a powerful tornado tore through a small Iowa town, carving a bleak landscape of destroyed homes and businesses, shredded trees, smashed cars, and widely ̷...
Posted: May 23, 2024
Norfolk Southern NSC.N agreed to pay a $15 million civil penalty and $57.1 million in past government cleanup costs on Thursday, as well as millions in future costs to resolve a U.S. government lawsuit over a 2023 train derailment in …
Posted: May 23, 2024
Customer service representatives and account managers are the heart of agencies. That’s why Insurance Journal wants to recognize these valuable players for the critical work they do! We’re looking for the 2024 MVPs: Account Managers/CSRs....
Posted: May 23, 2024