Insurance Journal
Cavco Industries, Inc.; Palm Harbor Homes, Inc.; and Palm Harbor Villages, Inc., which manufacture and sell manufactured homes in Waco, Texas, will pay $135,000 to settle a race discrimination lawsuit filed by the U.S. Equal Employment Opportunity Co...
Posted: Apr 17, 2024
Kanguro Insurance, known for its AI-driven pet health insurance plans, has announced its expansion into renters insurance, starting with the Texas market. The company is actively seeking partnerships with insurance agencies and property managers whil...
Posted: Apr 17, 2024
Maryland’s insurance regulator is asking insurance companies to do what they can to make sure that individuals and businesses hurt by the Baltimore bridge collapse tragedy do not lose coverage due to non-payment of premium. The Maryland Insuran...
Posted: Apr 17, 2024
Hooda Appointed to Alera Group’s Board of Directors Alera Group, headquartered in Deerfield, Illinois, appointed Sheila Hooda to the company’s Board of Directors. Hooda has over 30 years of global leadership experience. She is also the CE...
Posted: Apr 17, 2024
Maryland Gov. Wes Moore announced last Friday the start of a program to help Port of Baltimore businesses retain employees in the aftermath of the Francis Scott Key Bridge collapse. The $12.5 million program aims to prevent layoffs while recovery ...
Posted: Apr 17, 2024
ST. LOUIS (AP) — A St. Louis judge on Monday awarded nearly $23.5 million to a former police officer who was beaten by colleagues while working undercover during a protest. Luther Hall was badly injured in the 2017 attack during …
Posted: Apr 17, 2024
The North Carolina Rate Bureau has requested an 83% average rate increase for mobile home fire policies and a 50% jump for mobile home casualty policies over the next three years. The MH-F increase request is 24.9% for 2024, 21.2% …
Posted: Apr 17, 2024
Five insurance companies have been ordered to pay $345 million to cover damages awarded to 20 men who said they were victims of sexual abuse at a prestigious boarding school in Georgia in the 1970s and 1980s. Floyd County Superior …
Posted: Apr 17, 2024
Five insurance companies have been ordered to pay $345 million to cover damages awarded to 20 men who said they were victims of sexual abuse at a prestigious boarding school in Georgia in the 1970s and 1980s. Floyd County Superior …
Posted: Apr 17, 2024
Five insurance companies have been ordered to pay $345 million to cover damages awarded to 20 men who said they were victims of sexual abuse at a prestigious boarding school in Georgia in the 1970s and 1980s. Floyd County Superior …
Posted: Apr 17, 2024
Maui Fire Department officials defended their initial response to what became the deadliest fire in Hawaii history, saying they stayed at the scene of the Aug. 8 blaze until it was fully extinguished. The officials commented at a press conference ...
Posted: Apr 17, 2024
The Travelers Companies, Inc. today reported first quarter net income of $1.123 billion, up 16% compared to $975 million in the prior year quarter. Core income in the current quarter was up 14% to $1.096 billion, compared to $970 million …
Posted: Apr 17, 2024
A section of TC Energy’s NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire in a remote area, the company said. “An initial ignition of natural gas at the rupture site is now extinguished. …
Posted: Apr 17, 2024
Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, the rating agency said in a new report. As companie...
Posted: Apr 17, 2024
Berkshire Hathaway Specialty Insurance (BHSI), headquartered in Boston, expanded its global marine capabilities in the U.S., launching ocean marine Insurance. BHSI named Ben Wyatt as head of marine and Chris Frick as head of marine claims in the U.S....
Posted: Apr 17, 2024
Boeing Co.’s safety culture will come under public scrutiny today as two separate Senate hearings pore over a whistleblower’s claims of poor assembly processes and shortcomings revealed in an extensive study commissioned by Congress. Besi...
Posted: Apr 17, 2024
Aspen Insurance Holdings Ltd. and PIMCO Investment Management Co. announced the formation of Pando Re Ltd., a Bermuda-domiciled collateralized re/insurer focused on casualty business. Under a long-term agreement, Aspen will be the sole cedent to Pand...
Posted: Apr 17, 2024
DUAL, the specialist underwriting arm of Howden Group Holdings, announced it has significantly strengthened its marine capability in Europe with the acquisition of Swiss Re’s Genoa, Italy-based Marine team with the authority to write marine bus...
Posted: Apr 17, 2024
CIWA’s Annual Summer Forum 2024 set to foster collaboration and engagement FAIRFIELD, CA – April 17, 2024 – The California Insurance Wholesalers Association (CIWA), a leading professional trade association representing California’s E&...
Posted: Apr 17, 2024
Coral reefs around the world are experiencing global bleaching for the fourth time, top reef scientists declared Monday, a result of warming ocean waters amid human-caused climate change. Coral reef bleaching across at least 53 countries, territories...
Posted: Apr 17, 2024
Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile attacks as geopolitical tensions escalate in the region, the UK-based insurance broker told Reuters on Tuesday. The cost of in...
Posted: Apr 17, 2024
The economic drivers of the U.S. property/casualty (P/C) insurance industry are growing faster than the nation’s Gross Domestic Product (GDP) and are expected to gain further momentum in the event of Federal Reserve monetary rate cuts, accordin...
Posted: Apr 17, 2024
MGM Resorts International sued the Federal Trade Commission to stop an investigation into how it dealt with a cybersecurity attack last year. The company said the investigation deprives it of its fundamental due process rights and that FTC Chair Lina...
Posted: Apr 17, 2024
Cerebral Inc., a major U.S. provider of telemedicine mental health services, will likely have to pay $7 million in penalties and refunds to clients as part of a settlement with the Federal Trade Commission. The firm exposed the personal information &...
Posted: Apr 17, 2024
Woodruff Sawyer promoted Dave Erickson to employee benefits practice leader. Most recently, he led Woodruff Sawyer’s employee benefits operations. Erickson has more than 15 years of experience in the employee benefits industry. Before joining W...
Posted: Apr 17, 2024