Insurance Journal

Drought, Heat Raise Risk of Repeat of Canada’s Record-Breaking Wildfires of 2023

Canada’s emergency preparedness minister warned Wednesday the country’s wildfire season could be more explosive than last year when it led to unprecedented smoke conditions across much of the country and into the United States. Persistent...

Posted: Apr 12, 2024

Europe Stands Firm Against US-Driven ESG Backlash

Steady investor demand in Europe for environmental and socially responsible investments and wide-ranging regulation are helping Europe’s finance industry withstand political pressures that have pushed some U.S. peers to backtrack on their green...

Posted: Apr 12, 2024

Climate Verdict for Swiss Women a Warning for European States, Oil Industry

Governments and companies that are lax on climate action should be worried since this week’s European human rights court ruling against the Swiss government improves the odds that other such cases could win at the top court, legal experts said....

Posted: Apr 12, 2024

Explainer: Limits on PFAS in Drinking Water Could Fuel Litigation

The U.S. Environmental Protection Agency has finalized the first federal regulations on toxic “forever chemicals” in drinking water, setting tight limits that essentially require public water systems to all but eliminate their presence in...

Posted: Apr 12, 2024

Soaring Insurance Costs Hit as US Buyers Finally Get a Break on Car Prices

A new form of sticker shock has hit American car buyers like Darin Davis. In January, when the 56-year-old Dallas real estate agent renewed the insurance on the pearly-white 2024 Cadillac XT4 that he bought just a few months earlier, …

Posted: Apr 12, 2024

CISA Says Russian Hackers Used Microsoft Access to Steal Government Emails

The U.S. Cybersecurity and Infrastructure Security Agency said Russian government-backed hackers have used their access to Microsoft’s email system to steal correspondence between officials and the tech giant, an emergency directive by the U.S....

Posted: Apr 12, 2024

SC High Court Strikes ‘Troubling’ Denial of Comp Claim, Says Can’t be Based on Stats

An employer cannot use an ergonomics report, showing that a work injury is statistically unlikely, to deny a workers’ compensation claim, the South Carolina Supreme Court said this week in an opinion that sharply questioned an appellate panel&#...

Posted: Apr 12, 2024

SC High Court Strikes ‘Troubling’ Denial of Comp Claim, Says Can’t Be Based on Stats

An employer cannot use an ergonomics report, showing that a work injury is statistically unlikely, to deny a workers’ compensation claim, the South Carolina Supreme Court said this week in an opinion that sharply questioned an appellate panel&#...

Posted: Apr 12, 2024

Mayor Says New York City Will ‘Iron Out Kinks’ in Errant Chatbot

An artificial intelligence-powered chatbot created by New York City to help small business owners is under criticism for dispensing bizarre advice that misstates local policies and advises companies to violate the law. But days after the issues were...

Posted: Apr 12, 2024

kWh Analytics, Aspen Raise Capacity for Property Insurance, Renewable Projects

kWh Analytics Inc. secured an increase in its capacity agreement with Aspen Insurance to support its property insurance offering for renewable energy projects. With this increase, kWh Analytics can underwrite up to $75 million per renewable energy pr...

Posted: Apr 12, 2024

kWh Analytics in California Raises Property Insurance and Capacity for Renewable Projects with Aspen

kWh Analytics Inc. secured an increase in its capacity agreement with Aspen Insurance to support its property insurance offering for renewable energy projects. With this increase, kWh Analytics can underwrite up to $75 million per renewable energy pr...

Posted: Apr 12, 2024

Assistant Principal Faces Criminal Charge in Case of 6-Year-Old Who Shot Teacher

A former assistant principal at a Virginia elementary school has been charged with felony child neglect more than a year after a 6-year-old boy brought a gun to class and shot his first-grade teacher. A special grand jury in Newport …

Posted: Apr 12, 2024

People Moves: SLA of California Elects New Leadership

The Surplus Line Association of California (SLA), headquartered in San Ramon, California, elected Rich Gobler of Burns and Wilcox as chair of the SLA Board of Directors. Also elected to leadership were John Washington of Arch Insurance Group as vice...

Posted: Apr 12, 2024

200 Patients Sue, Alleging Sexual Abuse, Unnecessary Exams by Boston Doctor

More than a decade ago, Kristin Fritz was struggling with pain in her spine and saw a rheumatologist recommended by her doctor at Brigham and Women’s Hospital in Boston. The visit with Dr. Derrick Todd started normally for the 37-year-old &#823...

Posted: Apr 12, 2024

More Than 200 Patients Sue, Alleging Sexual Abuse, Unnecessary Exams by Boston Doctor

More than a decade ago, Kristin Fritz was struggling with pain in her spine and saw a rheumatologist recommended by her doctor at Brigham and Women’s Hospital in Boston. The visit with Dr. Derrick Todd started normally for the 37-year-old &#823...

Posted: Apr 12, 2024

California Self-Insured Group Applauds Workers’ Comp Classification Changes

The California Restaurant Mutual Benefit Corp. is applauding upcoming changes in workers’ compensation classifications for California’s restaurant and hospitality sectors, The changes were announced by the Workers’ Compensation Insu...

Posted: Apr 12, 2024

Green Risk Shield, Striior Announce Wildfire Analytics and Underwriting Collaboration

Striior Insurance Solutions a managing general agent specializing in builder’s risk and a division of Intact Insurance Specialty Solutions, has partnered with Green Shield Risk Solutions, a Chicago-based catastrophe risk mitigation specialist,...

Posted: Apr 11, 2024

Green Shield Risk, Striior Announce Wildfire Analytics and Underwriting Collaboration

Striior Insurance Solutions a managing general agent specializing in builder’s risk and a division of Intact Insurance Specialty Solutions, has partnered with Green Shield Risk Solutions, a Chicago-based catastrophe risk mitigation specialist,...

Posted: Apr 11, 2024

Florida Peninsula Says Reforms Have Had an Impact, Announces 2% Rate Cut

After the Florida Legislature in 2022 and 2023 passed sweeping reforms designed to limit excessive claims litigation, some in the insurance industry predicted that the new rules would prevent further rate increases – but would not lead to actual decr...

Posted: Apr 11, 2024

St. Louis Contractor Faces $276K in Fines Over Deadly Fall Hazards

Federal workplace safety inspectors found a Missouri roofing contractor again risking the safety of its employees by failing to protect them against the construction industry’s deadliest hazard — falls from heights— at five residential worksite...

Posted: Apr 11, 2024

Oklahoma Judge Orders Chiefs Superfan to Pay $10.8M to Bank Teller

OKLAHOMA CITY (AP) — An Oklahoma judge ordered a Kansas City Chiefs superfan known as “ChiefsAholic” who admitted to a series of bank robberies to pay $10.8 million to a teller who was assaulted with a gun, though attorneys say …

Posted: Apr 11, 2024

Alera Group Acquires Texas-Based HealthSure

Alera Group, a national insurance and financial services firm, announced today the acquisition of Texas-based HealthSure. Founded in 1998 by Barry Couch, HealthSure serves rural healthcare organizations as an independent agency specializing in risk c...

Posted: Apr 11, 2024

US Cyber Agency Warns of Compromise at Sisense Data Firm

The US lead agency for federal cybersecurity is warning that Sisense Inc., a data analytics company, has suffered a compromise that could expose customer credentials and cryptographic secrets. Sisense provides AI-driven analytics to thousands of cust...

Posted: Apr 11, 2024

Florida’s Slide Insurance Secures $210 Million Catastrophe Bond

Tampa-based Slide Insurance announced it has finalized pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond. The largest cat bond sponsored by Slide to date, Purple Re Ltd. provides 40% more in fully collateralized reinsurance...

Posted: Apr 11, 2024

EPA Sets US’s First Drinking Water Standards to Limit Toxic PFAS

About 100 million people will be exposed to fewer cancer-causing “forever chemicals” under the country’s first-ever drinking water standards for PFAS finalized Wednesday by the EPA, White House officials said. The Environmental Prot...

Posted: Apr 11, 2024