Insurance Journal
Carnival Corp. has listed for sale its sprawling headquarters on the outskirts of Miami, seeking to cash in on real estate the cruise giant has owned for roughly three decades. The company is now looking to downsize to about 300,000 …
Posted: Apr 11, 2024
Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political Risk Guy Carpenter, the reinsurance business of Marsh McLennan, announced the appointment of Richard Chu as managing director, Credit, Bond & P...
Posted: Apr 11, 2024
Lloyd’s said Dawn Miller has been named chief commercial officer and CEO of Lloyd’s Americas. Miller, who joined Lloyd’s in 2022 and oversees its global network as commercial director, will assume her expanded role on Sept. 1, based...
Posted: Apr 11, 2024
AXA XL’s Bermuda Professional Lines Team has launched a new lead difference-in-conditions (DIC) directors and officers liability policy. “AXA XL is one of the largest D&O insurers in the North American market and it was time to update...
Posted: Apr 11, 2024
Few mechanics post photos of themselves on Venetian canals, brag about buying $30,000 artworks or frequent the George V Hotel in Paris and Chateau Marmont in Los Angeles. But this was the life Donnie Callaway portrayed via social media to …
Posted: Apr 11, 2024
It’s shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and firefighters becoming overwhelmed with recent blazes in Virginia. Just in the first three months of the year, more than 2,669 R...
Posted: Apr 11, 2024
Massachusetts-based Norfolk & Dedham (N&D) and Union Mutual in Vermont, property/casualty insurers with a combined 350 years in the business in the Northeast, announced they intend to affiliate, subject to regulatory approval. The combined gr...
Posted: Apr 11, 2024
Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of political violence and possible large insurance losses, according to Allianz Commercial in a new report. An unprecedented “super-cy...
Posted: Apr 11, 2024
April 11, 2024 — As urban spaces continue to evolve and expand, the importance of efficient parking infrastructure cannot be overstated. Yet, for property owners and managers, the cost of insuring parking structures alongside main buildings has...
Posted: Apr 11, 2024
The European Parliament voted on Wednesday to pass a law to reduce 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 90% cut …
Posted: Apr 11, 2024
Ping An Insurance (Group) Co.’s trust business delayed repayment on a property-linked investment product, showing how the financial giant’s asset-management operations are still reeling from China’s prolonged real estate downturn. P...
Posted: Apr 11, 2024
Sayata Unveils AI-Powered Risk Engine That Flags High-Risk Accounts Sayata has launched the Sayata Risk Engine, an AI-powered platform that uses sophisticated AI to flag specific high-risk accounts expected to drive up loss ratios. Sayata’s Ris...
Posted: Apr 11, 2024
Sayata Unveils AI-Powered Risk Engine That Flags High-Risk Accounts Sayata has launched the Sayata Risk Engine, an AI-powered platform that uses sophisticated AI to flag specific high-risk accounts expected to drive up loss ratios. Sayata’s Ris...
Posted: Apr 11, 2024
To assist property insurers in reducing losses and speeding up recovery from natural disasters, the National Association of Insurance Commissioners’ (NAIC) adopted the first-ever National Climate Resilience Strategy for Insurance. Developed und...
Posted: Apr 11, 2024
The U.S. Senate on Wednesday passed a resolution that would overturn a federal agency’s rule requiring states to measure and set declining targets for greenhouse gas emissions from vehicles using the national highway system. The Federal Highway...
Posted: Apr 11, 2024
The 2023 wildfire season in the Europe was among the worst this century, according to a European Commission report published on Wednesday. Last year, more than half a million (504,002) hectares, an area twice the size of Luxembourg, was scorched R...
Posted: Apr 11, 2024
The US Federal Trade Commission is asking Congress to change the law so it can handle its own privacy settlements and other consumer protection cases that it’s currently forced to refer to the Justice Department. The DOJ has been slow-walking &...
Posted: Apr 11, 2024
Florida authorities have charged a public adjuster and a rental property tenant with fraud after they allegedly falsified documents, filed a false claim and received a check from Scottsdale Insurance Co., a Nationwide surplus lines subsidiary. The Fl...
Posted: Apr 11, 2024
Florida authorities have charged a public adjuster and a rental property tenant with fraud after they allegedly falsified documents, filed a false claim and received a check from Scottsdale Insurance Co., a Nationwide surplus lines subsidiary. The Fl...
Posted: Apr 11, 2024
The U.S. National Transportation Safety Board (NTSB) said on Wednesday it was opening an investigation into a March 3 fatal crash between a Ford F.N Mustang Mach-E and two stationary cars on the I-95 interstate highway in Philadelphia. In March, R...
Posted: Apr 11, 2024
Alliant Insurance Services acquired Vinsa Insurance Associates within its Alliant Public Entity division, expanding its footprint in California. Based in Lancaster, California, Vinsa is an independent property/casualty insurance agency that specializ...
Posted: Apr 11, 2024
U.S. National Transportation Safety Board chair Jennifer Homendy said at a Senate hearing Wednesday that investigators had conducted interviews with key cargo ship personnel in the investigation of the March 26 Baltimore bridge collapse. The Dali car...
Posted: Apr 11, 2024
IC International Appoints Kim Vice President IC International, headquartered in Honolulu, appointed Nova Kim as vice president. Kim oversees the execution of IC International strategy and provides oversight of daily operations. Kim has more than 30 y...
Posted: Apr 11, 2024
A young girl and her guardian have sued an Oregon nonprofit organization, Portland Public Schools and Multnomah County for $9 million, alleging they were negligent when male classmates sexually abused her at school and raped her during an after-schoo...
Posted: Apr 11, 2024
The top prosecutor in a northwestern New Jersey county has resigned amid a state probe into allegations that the office lied about caseloads to pad its budget with state money meant for fraud investigations. James Pfeiffer, who had been the …
Posted: Apr 10, 2024