Insurance Journal
Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential risk exposures. “The c...
Posted: Mar 04, 2024
Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced that it has completed its previously announced acquisitions of two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies. Terms of the transactions...
Posted: Mar 04, 2024
DETROIT (AP) — The family of a 70-year-old man who died after a Detroit police officer punched him in the face, causing him to fall to the ground, is suing the former officer and the city of Detroit, seeking $50 …
Posted: Mar 04, 2024
A global risk advisory firm has beefed up its actuarial muscle with the acquisition of Madison Consulting Group, based in Madison, Georgia, and Newtown Square, Pennsylvania. FTI Consulting, which recently released its own annual report on mergers and...
Posted: Mar 04, 2024
Georgia’s largest county is still repairing damage inflicted on its government a month ago by hackers who shut down office phone lines, left clerks unable to issue vehicle registrations or marriage licenses and threatened to publicly release se...
Posted: Mar 04, 2024
Hawaii officials plan to send debris and ash from the August wildfire that destroyed Lahaina town to Maui’s central landfill. Maui County officials said Wednesday that they picked the permanent disposal site in Kahului over two others that are...
Posted: Mar 04, 2024
When Limba Contreras moved to the desert community of Oasis, California, about 50 years ago, her family relied on a water cooler to keep temperatures inside their home comfortable. Other times, they sprayed each other with a hose outside. But …
Posted: Mar 04, 2024
When Limba Contreras moved to the desert community of Oasis, California, about 50 years ago, her family relied on a water cooler to keep temperatures inside their home comfortable. Other times, they sprayed each other with a hose outside. But …
Posted: Mar 04, 2024
MONTGOMERY, Ala. (AP) — Groups representing Alabama doctors and hospitals urged the state Supreme Court on Friday to revisit a decision equating frozen embryos to children, saying the ruling is blocking fertility treatments and harming the medical co...
Posted: Mar 04, 2024
Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2024, continuing a trend that has now last more than 6 years. According to The Council of Insurance Agents and Brokers’...
Posted: Mar 04, 2024
Overall commercial property/casualty premiums increased slightly for all account sizes to 7% on average in the fourth quarter 2024, continuing a trend that has now last more than 6 years. According to The Council of Insurance Agents and Brokers’...
Posted: Mar 04, 2024
LOUISVILLE, Ky. (AP) — A tractor-trailer that was knocked dangling off a bridge over the Ohio River — prompting a dramatic rescue of the driver — was struck by a vehicle that had crossed into opposing traffic, Louisville Mayor Craig …
Posted: Mar 04, 2024
Brussels fined Apple 1.84 billion euros ($2 billion) on Monday, the iPhone maker’s first ever EU antitrust penalty, for preventing Spotify and other music streaming services from informing users of payment options outside its App Store. The Eur...
Posted: Mar 04, 2024
AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of ClearPath Insurance Co., which do...
Posted: Mar 04, 2024
North Korea’s hacking groups have broken into at least two South Korean manufacturers of chipmaking equipment, as the country looks to evade sanctions and turn out its own semiconductors for weapons programs, South Korea’s spy agency said...
Posted: Mar 04, 2024
After a year of deadly wildfires around the globe, the world is burning again from Texas to Australia — and in some regions, the blazes are igniting early. Canada’s Alberta province said last month that wildfire season had already begun, …...
Posted: Mar 04, 2024
Rising seas due to climate change could exacerbate the threat of arsenic in drinking water, according to a study published in PLOS One in January. Researchers focused on arsenic in well water in Bangladesh, where up to 97% of the …
Posted: Mar 04, 2024
A UK-owned ship attacked by Houthi militants last month sank in the Red Sea, the U.S. military confirmed on Saturday, as it echoed a warning from Yemen’s internationally recognized government that the vessel’s cargo of hazardous fertilize...
Posted: Mar 04, 2024
Alphabet’s Google must face advertisers’ proposed class action lawsuit claiming that it monopolizes the ad exchange market, a U.S. judge ruled on Friday. But U.S. District Judge Kevin Castel dismissed some other antitrust claims, includin...
Posted: Mar 04, 2024
Artificial intelligence firms are facing increasing pressure from some of the world’s most formidable names in technology and media, as new tools spark fresh questions over the risks posed by chatbots that threaten to rival human intelligence....
Posted: Mar 04, 2024
Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report released last month by Gallagher Re’s Strategic and Financial Analytics team. Downgrades of U.S...
Posted: Mar 04, 2024
Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report released last month by Gallagher Re’s Strategic and Financial Analytics team. Downgrades of U.S...
Posted: Mar 04, 2024
Florida’s Insurance Commissioner last week approved another round of takeouts from the state-created Citizens Property Insurance Corp., with an assumption dates in May. That brings the total takeouts with 2024 assumptions to more than 354,134,...
Posted: Mar 04, 2024
The University of Maryland has ordered fraternities and sororities on campus to suspend social and recruitment activities after the school received multiple reports of unsafe activities. A letter sent Friday from university officials to fraternity an...
Posted: Mar 04, 2024
A Delaware judge declared a mistrial Friday in the latest lawsuit alleging that exposure to the popular weedkiller Roundup causes cancer. The ruling came about two hours after jurors sent a note saying they were unable to reach a unanimous …
Posted: Mar 04, 2024