Insurance Journal
The destructive windstorm that blew out windows in downtown Houston and left hundreds of thousands of southeast Texas residents without power caused upwards of $5-7 billion in total damage and economic loss, according to preliminary estimates by Accu...
Posted: May 20, 2024
Two voice actors sued artificial-intelligence startup Lovo in Manhattan federal court on Thursday, accusing the company of illegally copying their voices and using them without permission in its AI voiceover technology. Paul Lehrman and Linnea Sage s...
Posted: May 20, 2024
A section of California’s scenic Highway 1 leading to the famous Big Sur coast reopened to around-the-clock traffic Friday after stabilization of a storm-triggered rockslide that dropped a chunk of one lane into the ocean and hampered tourism....
Posted: May 20, 2024
A decades-old landslide that’s rapidly accelerating has forced the dismantling of Wayfarers Chapel, an iconic Southern California church that was designed by one of famed architect Frank Lloyd Wright’s sons and built among soaring redwood...
Posted: May 20, 2024
Officials credited a smoke inhalation drug for likely saving the life of a New York City firefighter who fell unconscious and stopped breathing while battling a house blaze Friday. The firefighter was one of three injured during the response in ̷...
Posted: May 20, 2024
A part of Brown & Brown’s wholesale insurance group has acquired Public Entities of America LLC, a brokerage based in Alpharetta, Georgia, that has catered to the public sector and risk management marketplace. PEA will now be part of Apex &...
Posted: May 20, 2024
For Filicia Porter, the insurance bills were the final straw. They’d been climbing steeply for her assisted-living business as Florida was battered with ever more-powerful storms, and eventually, the numbers stopped adding up. So in March, she...
Posted: May 20, 2024
TUSCALOOSA, Ala. (AP) — A decisive vote against the United Auto Workers union at two Mercedes factories in Alabama on Friday sidetracked the UAW’s grand plan to sign up workers at nonunion plants mainly in the South. But newly elected …
Posted: May 20, 2024
Overall commercial property/casualty premiums increased slightly for all account sizes to 7.7% on average in the first quarter 2024. According to The Council of Insurance Agents and Brokers’ Q1 Market Survey, the 7.7% average increase in Q1 com...
Posted: May 20, 2024
A former chief corporate officer for NEXT Insurance is accusing the company and its chief executive officer of gender and disability discrimination in the workplace and of firing her in retaliation for her request for medical leave for cancer surgery...
Posted: May 20, 2024
A scenic fishing village in southwestern England was under instructions to boil its tap water for a third day on Friday after a parasite sickened more than 45 people in the latest example of Britain’s troubled water system. Around 16,000 …...
Posted: May 20, 2024
Zimbabwe will get over half of an expected $60 million insurance pay out meant for four African nations as it reels from the impact of El Niño-induced drought that’s already slashed corn output and led to a state of disaster …
Posted: May 20, 2024
A China-bound oil tanker in the Red Sea was struck and temporarily disabled by a ballistic anti-ship missile fired by Houthi militants, the US Central Command said. The strike Saturday on the Greek-owned M/T Wind caused flooding that knocked out R...
Posted: May 20, 2024
GALVESTON, Texas (AP) — Early estimates indicate up to 2,000 gallons of oil may have spilled into surrounding waters when a barge carrying fuel broke free from a tugboat and slammed into a bridge near Galveston, Texas, the U.S. Coast …
Posted: May 20, 2024
Dozens of tankers remain stuck doing nothing months after being sanctioned by the Treasury Department — a signal of the US’s scope to disrupt Moscow’s petroleum supply chain if it chooses to. Since October, 40 ships involved in RussiaR...
Posted: May 20, 2024
LANSING, Mich. (AP) — Six men working as part of a criminal organization in Michigan have been arrested in connection with the theft of more than 400 vehicles worth about $8 million, authorities said last week. The men, between the …
Posted: May 20, 2024
HOUSTON (AP) — As the Houston area works to clean up and restore power to hundreds of thousands after deadly storms left at least seven people dead, it will do so amid a smog warning and scorching temperatures that could …
Posted: May 20, 2024
General Motors and South Korea’s LG Electronics reached a settlement to establish a $150 million fund to provide relief to Chevrolet Bolt EV owners affected by defective batteries, documents filed in a U.S. court on Thursday showed. General Mot...
Posted: May 20, 2024
The U.S. Supreme Court’s decision safeguarding the Consumer Financial Protection Bureau—the nation’s consumer finance watchdog—earned plaudits from supporters of robust federal regulation. But their praise for the court may prove short-li...
Posted: May 20, 2024
The U.S. Supreme Court’s decision safeguarding the Consumer Financial Protection Bureau—the nation’s consumer finance watchdog—earned plaudits from supporters of robust federal regulation. But their praise for the court may prove short-li...
Posted: May 20, 2024
The U.S. Coast Guard said it is evaluating whether other bridges nationwide are at risk after a cargo ship crashed into the Francis Scott Key Bridge in Baltimore in March, killing six people and destroying the Patapsco River crossing. Coast …
Posted: May 20, 2024
Corey Neal took over as executive director of the Florida Insurance Guaranty Association in early 2022, at the height of what many would say were some of the darkest days for the Florida property/casualty market. Two carriers had just been …
Posted: May 20, 2024
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Arrow Mutual Liability Insurance Co. AM Best said the cred...
Posted: May 20, 2024
New York’s highest court has ruled that a doctor who was injured in a shooting at the hospital where he works cannot sue his employer, finding that his injuries arose out of his employment and are thus covered by workers’ …
Posted: May 20, 2024
Maine waterfrontMaine’s government will spend tens of millions of dollars to rebuild the state’s working waterfront communities after a series of devastating winter storms pummeled the state’s docks, wharves and coastal businesses....
Posted: May 20, 2024