Insurance Journal
Agile Underwriting Services has received approval from Lloyd’s to commence underwriting in May. Agile Underwriting Services Syndicate 2427 (AUS 2427) will be focused primarily on Australia and New Zealand and writing accident and health, aviati...
Posted: May 01, 2024
AM Besthas upgraded the Financial Strength Rating to “A” (Excellent) from “A-” (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of Hamilton Re Ltd., in Bermud...
Posted: May 01, 2024
Estonia has accused neighboring Russia of jamming GPS navigation devices in airspace above the Baltic states, echoing concerns from airlines that say they have been contending with such interference for months. Estonian Foreign Minister Margus Tsahkn...
Posted: May 01, 2024
German companies have long treated Hungary like their backyard. Carmakers Mercedes Benz AG and BMW AG and Volkswagen AG’s Audi continue to expand their footprint, driving the country’s exports, while weapons producer Rheinmetall AG is bui...
Posted: May 01, 2024
On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board. A quarter-mile ahead, the truck’s sensors spotted a trash can blocking one lane and a tire in another. In less …
Posted: May 01, 2024
A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing reporters’ work to train their generative artificial-intelligence systems. T...
Posted: May 01, 2024
A retail giant, a space launch operation, a major food processor, the nation’s two biggest rideshare providers and a large healthcare system are among those entities marked as being among the most unsafe employers. The National Council for Occu...
Posted: May 01, 2024
Florida and federal health officials have determined that 15 infections from a drug-resistant bacteria have been linked to a south Florida clinic that performed Brazilian “butt lift” surgeries in 2022 and 2023. “Multiple lapses in i...
Posted: May 01, 2024
Last year’s snow deluge in California, which quickly erased a two decade long megadrought, was essentially a once-in-a-lifetime rescue from above, a new study found. Don’t get used to it because with climate change the 2023 California sno...
Posted: May 01, 2024
On the morning of September 11, 2001, Robert Liotta was at his job as a senior court officer at 100 Centre Street in New York City when not far away terrorists attacked the World Trade Center. Right away, he began …
Posted: May 01, 2024
Pennsylvania-based food manufacturer Hanover Foods Corp. has been found in violation of dozens of safety and health hazards at its Centre Hall facility, according to federal officials. The federal Occupational Safety and Health Administration opened...
Posted: May 01, 2024
BenefitMall named Sam Patton to its team as the new benefits sales executive for Colorado. Patton specializes in ancillary benefits such as life, disability insurance, and executive supplemental disability. Patton most recently served as an executive...
Posted: May 01, 2024
The Connecticut Senate recently pressed ahead with one of the first major legislative proposals in the U.S. to rein in bias in artificial intelligence decision-making and protect people from harm, including manufactured videos or deepfakes. The vote...
Posted: May 01, 2024
Berkshire Hathaway Inc.’s PacifiCorp now faces a demand for $30 billion from victims of Oregon’s 2020 Labor Day wildfires, an escalation of a legal onslaught on the largest grid operator in the western US. While the amount sought in an &#...
Posted: May 01, 2024
This post is part of a series sponsored by IAT Insurance Group. Water damage stands as a persistent threat to buildings under construction, ranking as one of the leading causes of property loss worldwide. In the U.S. alone, the annual …
Posted: Apr 30, 2024
This edition of International People Moves details appointments at SCOR Business Solutions and the re/insurance broker Consilium. A summary of these new hires follows here. SCOR Business Solutions Taps HDI’s McDonald as CEO, Succeeding Launay R...
Posted: Apr 30, 2024
WOODSTOCK, Ill. (AP) — Three children were hurt when the minivan they were in rolled down a hill Saturday morning into a concrete baseball dugout in northern Illinois’ Woodstock. The children, ages 12 and 13, were hospitalized with mild to R...
Posted: Apr 30, 2024
Oklahoma Insurance Commissioner Glen Mulready notified residents of where to seek help and report damage in response to severe storms that killed four and left more than 20,000 people without power. “Our hearts go out to the communities impacte...
Posted: Apr 30, 2024
SULPHUR, Okla. (AP) — Tornadoes killed four people in Oklahoma, including an infant, and left thousands without power Sunday after a destructive outbreak of severe weather flattened buildings in the heart of one rural town and injured at least 100 &#...
Posted: Apr 30, 2024
Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion, according to Aon’s Q1 Global Catastrophe Recap – April 2024. Q1 natural disaster losses were driven by severe...
Posted: Apr 30, 2024
Montgomery, Alabama, authorities have charged two workers – a contract employee and a firefighter – with insurance fraud in unrelated alleged scams. Local news outlet reported that Michael Granger Hicks, who worked for a third-party vendor for the ci...
Posted: Apr 30, 2024
When a cyberattack on Change Healthcare paralyzed much of the US health-care system, some lawmakers saw it as proof its parent company, UnitedHealth Group Inc., was too big. UnitedHealth Chief Executive Andrew Witty saw it differently. He has said th...
Posted: Apr 30, 2024
Interest in startups trying to shake up the insurance industry is on the rise as weather catastrophes worsen. The latest sign: New York-based Arbol has raised $60 million in a Series B funding round. Founded in 2018, Arbol specializes in …
Posted: Apr 30, 2024
Larry Ellison plans to make Nashville the world headquarters for Oracle Corp., only a few years after relocating the tech giant from Silicon Valley to Austin. Ellison said Oracle is developing a campus in the Tennessee city, moving it closer …
Posted: Apr 30, 2024
JACKSON, Miss. (AP) — A woman who sued Mississippi’s capital city over the death of her brother has decided to reject a settlement after officials publicly disclosed how much the city would pay his survivors, her attorney said Wednesday. George...
Posted: Apr 30, 2024