Insurance Journal
According to the Insurance Research Council (IRS), the average homeowners insurance expenditure has become less affordable for U.S. consumers over time. Looking at the the years 2001 to 2021—the latest year in which relevant data is available—homeown...
Posted: May 15, 2024
According to the Insurance Research Council (IRC), the average homeowners insurance expenditure has become less affordable for U.S. consumers over time. Looking at the the years 2001 to 2021—the latest year in which relevant data is available—homeown...
Posted: May 15, 2024
Net written premium in the U.S. workers’ compensation insurance market grew by just 1% from 2022 to 2023, a far smaller percentage than most other property/casualty lines. However, the workers’ compensation line remains the most profitabl...
Posted: May 15, 2024
In the fight to ratchet down climate emissions and soothe the most dangerous effects of an overheating planet, one of the most withering setbacks in recent memory wasn’t delivered by the oil industry or coal excavators, but, rather, a group ...
Posted: May 15, 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: May 15, 2024
A jury in Philadelphia found Exxon Mobil Corp. liable for $725.5 million in damages due a former mechanic who claimed its petroleum products exposed him to benzene that caused his cancer, according to his lawyers. The jury found that the …
Posted: May 15, 2024
Hawaii lawmakers appropriated funds for more firefighting equipment and a state fire marshal after the deadliest U.S. wildfire in more than a century ripped through the historic Maui town of Lahaina and exposed shortcomings in the state’s readi...
Posted: May 15, 2024
Farmers Insurance says it will resume accepting new business commercial multi-peril applications for auto service & repair, habitational, manufacturing, real estate and wholesale distribution policies in California. The action follows the insurer...
Posted: May 14, 2024
Oklahoma Governor Kevin Stitt has signed into law Monday a bill, which aims to provide financial grants to construct or retrofit homes, making them more resilient against the destructive forces of tornadoes, windstorms and hail. Under the new law, kn...
Posted: May 14, 2024
NEW ORLEANS (AP) — A teenager who video-recorded his mother’s forceful arrest by Louisiana sheriff’s deputies in 2020 has been awarded $185,000 by a federal jury in a lawsuit filed over one deputy’s attempt to interfere with the rec...
Posted: May 14, 2024
As cars and trucks get smarter and more connected, the humble lights that have controlled the flow of traffic for more than a century could also be on the cusp of a major transformation. Researchers are exploring ways to use …
Posted: May 14, 2024
TOPEKA, Kan. (AP) — Kansas could soon offer up to $5 million in grants for schools to outfit surveillance cameras with artificial intelligence systems that can spot people carrying guns. But the governor needs to approve the expenditures and the R...
Posted: May 14, 2024
A group of Republican-led U.S. states filed a lawsuit seeking to block the U.S. Equal Employment Opportunity Commission from enforcing broad legal protections for transgender workers. The 18 states filed the complaint in federal court in Knoxville, T...
Posted: May 14, 2024
The top US auto-safety regulator opened an investigation into Waymo, the autonomous-vehicle subsidiary of subsidiary of Alphabet Inc., after 22 incidents in which the company’s cars were involved in collisions or may have violated traffic laws....
Posted: May 14, 2024
Banco Santander SA said data managed by an external party was accessed without authorization, affecting information of clients and staff. “We recently became aware of an unauthorized access to a Santander database hosted by a third-party provid...
Posted: May 14, 2024
Hospital operator Ascension said on Monday that it “worked around the clocked” over the weekend to handle a recent ransomware attack that disrupted operations. “We are focused on restoring systems safely. We are making progress, how...
Posted: May 14, 2024
The 22 acquirers that make up the Sica Fletcher Index were involved in 111 agent-broker deals in the first quarter 2024, totaling $284 million in revenue. That is a 21% drop in revenue from what was acquired during the same …
Posted: May 14, 2024
This edition of International People Moves details appointments at AXA XL Reinsurance and Fusion Specialty. A summary of these new hires follows here. AXA XL Reinsurance Names Sawyer to Expanded Role of Head of London Casualty, Reinsurance AXA XL Rei...
Posted: May 14, 2024
Jensten, the London-based independent insurance broking and underwriting group, announced a reorganization that aims to drive growth, bolster continued acquisitions, and expedite the integration of future acquisitions. This move closely follows the r...
Posted: May 14, 2024
Venture capital firm Accel said on Tuesday it has raised a $650 million fund to invest in early-stage companies in Europe and Israel with a focus on artificial intelligence and cybersecurity. The new fund will be Accel’s eighth since opening &#...
Posted: May 14, 2024
European Union countries gave their final approval on Monday to a law to cut carbon dioxide emissions from trucks, which will require most new heavy-duty vehicles sold in the EU from 2040 to be emissions-free. The law will enforce a …
Posted: May 14, 2024
Everest launched its Australian Insurance operations after receiving approval from the Australian Prudential Regulation Authority. The business will operate under the name Everest Insurance Australia with offices in Sydney and Melbourne. Christian Co...
Posted: May 14, 2024
Insurance broker WTW announced a partnership with Ukrainian insurer, VUSO, to provide a London-market-backed facility covering cargo and, crucially, war-on-land risks. This exclusive facility – which WTW describes as a market first – provides prearra...
Posted: May 14, 2024
Firefighters on Monday battled a large wildfire heading towards a remote western Canadian town as winds and tinder dry conditions threatened to spread the flames further, a provincial minister said. The largely evacuated town of Fort Nelson in Britis...
Posted: May 14, 2024
Tesla has settled a lawsuit by a former factory employee who says she was fired for complaining about severe sexual harassment, as the electric carmaker faces a series of sex and race discrimination lawsuits. U.S. District Judge William Orrick in ...
Posted: May 14, 2024