Insurance Journal

Markets/Coverages: Antares’ Syndicate Launches Credit and Political Risks Consortium

Antares Global, the multinational group of insurance and related service companies, announced that Antares Syndicate 1274 has launched a consortium for the underwriting of credit and political risk insurance. The maximum line for the consortium initi...

Posted: Apr 10, 2024

Texas DWC Accepting Comments on Routine Rule Changes

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) sent out a notice to workers’ compensation system participants that it will review all sections in the following chapters in Title 28, Texas Administrative Code: C...

Posted: Apr 10, 2024

Two Oklahoma Firefighters Injured Battling Wildfire That Prompted Evacuations

MOORELAND, Okla. (AP) — Two Oklahoma volunteer firefighters are recovering after suffering burns battling a weekend wildfire in northwest Oklahoma, officials said. Mooreland firefighters Jared Brittain and Max Clark suffered injuries on Saturday when...

Posted: Apr 10, 2024

People Moves: AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor; Ne...

This edition of International People Moves details appointments at AXIS Global Markets and Newline Europe. A summary of these new hires follows here. AXIS Global Markets’ Head of Underwriting Robson to Retire, Succeeded by MacGregor AXIS Capita...

Posted: Apr 10, 2024

People Moves: Leif Assurance Hires Sanfilippo as Construction Risk Advisor

Leif Assurance, headquartered in St. Louis, hired Vincent Sanfilippo as a Construction Risk Advisor. Sanfilippo has more than 15 years of experience in insurance and construction. He most recently served as operations manager at Parker Land Group and...

Posted: Apr 10, 2024

Detroit Landlord to Pay $190K to Settle Claims of Sexual Harassment

DEARBORN HEIGHTS, Mich. (AP) — A suburban Detroit landlord has agreed to pay $190,000 to settle allegations of sexual harassment against women who lived in his buildings or were prospective tenants, the federal government said Monday. The U.S. Justic...

Posted: Apr 10, 2024

Truck Driver Fatally Shot in Confrontation With Police Officer in Michigan

ST. JOSEPH TOWNSHIP, Mich. (AP) — The driver of a semitrailer-truck rammed a police vehicle in southwestern Michigan, crashed it into a home, tried to flee and was fatally shot by an officer, officials said. St. Joseph Township officers responded &#8...

Posted: Apr 10, 2024

Small Businesses Hurt by Maryland Bridge Collapse Are Eligible for Disaster Loans

The Small Business Administration is offering assistance to those affected by the bridge collapse in Maryland. Small businesses in the Mid-Atlantic region will be eligible for low-interest, long-term Economic Injury Disaster Loans of up to $2 million...

Posted: Apr 10, 2024

Help Wanted: Alabama DOI Seeks Proposals on Actuarial, Examination Services

The Alabama Department of Insurance is seeking requests for proposals for a range of professional services, including actuarial, accounting, insurer examination, market conduct and investment examination work. The department said in a bulletin Wednes...

Posted: Apr 10, 2024

West Virginia Saw 5 Tornadoes Last Week, Double the Yearly Average

CHARLESTON, W.Va. (AP) — The National Weather Service on Monday confirmed a fifth tornado touched down during severe storms that barreled across West Virginia last week. That’s more than double the state’s average for an entire year. West...

Posted: Apr 10, 2024

US CDC Says Bird Flu Risk Low, but Asks States to Be Ready With Testing

The U.S. Centers for Disease Control and Prevention (CDC) said on Monday bird flu risk to the public remains low even as it asked the state public health officials to be prepared to respond. The agency asked for plans to …

Posted: Apr 10, 2024

National Crime Report Shows Vehicle Thefts Surged to More than 1 Million in 2023

It was another record-breaking year for vehicle thefts in 2023, with more than one million vehicles reported stolen – an overall increase of 1% nationwide from 2022 to 1,020,729 last year. A report from the National Insurance Crime Bureau shows &#823...

Posted: Apr 10, 2024

More Data Show All Trends Pointing in Right Direction for Florida Insurers

Policyholder surplus increased significantly, direct premium written jumped, and combined ratio has fallen for Florida-focused property insurance carriers in 2023, according to a Gallagher Re report released this week. The analysis echoes some of the...

Posted: Apr 10, 2024

People Moves: Farmers Insurance Names Coleman President of Business Insurance

Farmers Insurance Names Coleman President of Business Insurance Farmers Insurance announced that Eric Coleman has joined the organization as president of Business Insurance, effective April 10. In this role, Coleman is responsible for leading commerc...

Posted: Apr 10, 2024

Pennsylvania Issues Its ‘Expectations’ for Insurance Carriers Regarding Their Use of AI

Pennsylvania has issued guidance for insurance companies’ use of artificial intelligence systems (AIS) based on a model adopted by the National Association of Insurance Commissioners (NAIC). The Pennsylvania Insurance Department issued Notice 2...

Posted: Apr 10, 2024

Boeing Crisis of Confidence Deepens With 787 Now Under Scrutiny

Boeing Co. faces a deepening crisis of confidence after an engineer at the US planemaker alleged the company took manufacturing shortcuts on its 787 Dreamliner aircraft in order to ease production bottlenecks of its most advanced airliner. Factory wo...

Posted: Apr 10, 2024

Markets/Coverages: Insurtech Slice Expands Contractors General Liability Insurance Offering, Backed...

Slice Labs Inc., the New York-based insurtech that operates an on-demand insurance platform, has expanded into seven additional states and the District of Columbia with its contractors general liability insurance product for small businesses. Coverag...

Posted: Apr 10, 2024

Hackers Claim to Have UnitedHealth’s Stolen Data – But Is It a Bluff?

A freshly formed hacking gang claims to have won access to a massive stash of data stolen from UnitedHealth Group, the largest U.S. health insurer, but with little evidence to go on it is not clear whether they are telling …

Posted: Apr 10, 2024

Deadly Blast at Enel Plant in Italy Came Amid Maintenance Work

A deadly explosion Wednesday at an Enel SpA hydro-power facility in northern Italy that left at least three people dead occurred as works to renew facilities at the 1970s-era plant were concluding. The accident took place some 40 meters (131 …

Posted: Apr 10, 2024

Viewpoint: Striking Risk-Reward Balance for Shipping Lithium-Ion Batteries

Executive Summary: While the advancement of technology in electric vehicles and other lithium-ion powered goods facilitates energy transition from fossil fuels, the fire risks associated with such products need proactive management, writes Dr. Willia...

Posted: Apr 10, 2024

World Hits 10th Consecutive Month of Record-High Temperatures

March was the Earth’s 10th consecutive month of record-breaking heat, with populations across much of the northern and southern hemispheres experiencing temperatures overshooting climate targets. The European Union’s Copernicus Climate Ch...

Posted: Apr 10, 2024

Takeaways From the Swiss Women’s Climate Victory

The European Court of Human Rights ruled in favor of more than 2,000 Swiss women on Tuesday, affirming their argument that the Swiss government violated their human rights by failing to take sufficient action on climate change. Here are some …

Posted: Apr 10, 2024

Swiss Women Win Big in Landmark Climate Case. Where Do US Climate Cases Stand?

A landmark climate change ruling from the European Court of Human Rights on Tuesday found that the Swiss government had violated the human rights of its citizens by failing to do enough to combat climate change, in a case brought …

Posted: Apr 10, 2024

Employers Can’t Use Vicarious Liability to Block Negligence Claims, TN High Court Says

The Tennessee Supreme Court this week dealt a blow to businesses and insurance companies, finding that employers can no longer argue that direct negligence claims are barred when the business admits vicarious liability for a worker’s actions. &...

Posted: Apr 10, 2024

People Moves: BenefitMall Expands Southern California Team

BenefitMall named Patrice Evart a benefits sales executive for Southern California. Evart has 30 years of experience specializing in employee benefits for employers in Southern California. She recently joined BenefitMall after more than 25 years at W...

Posted: Apr 10, 2024