Insurance Journal
A California Workers’ Compensation Institute study shows nearly half of all litigated claims in the Los Angeles Basin are cumulative trauma claims that involve physical or mental injuries from repetitive stress, motion, or exposures, rather tha...
Posted: Mar 04, 2024
Authorities say three trains were involved in a collision and derailment in eastern Pennsylvania on Saturday morning that caused no reported injuries or evacuations but left some railroad cars scattered along a riverbank and at least one partially in...
Posted: Mar 04, 2024
March 1 (Reuters) – A Texas homeowner whose house was destroyed by a massive wildfire raging northeast of Amarillo sued electric utility Xcel Energy XEL.O on Friday, alleging that a splintered power pole owned by the company fell and started &#...
Posted: Mar 04, 2024
By Jahna Jacobson The definition of a high-net-worth client varies, but it’s not unheard of for clients to pay millions of dollars in premiums to insure higher values homes worldwide. Agents who want to target the high-net-world market must spe...
Posted: Mar 03, 2024
Theft is an opportunistic crime, and few places provide more opportunity for a criminal than a hotel or resort. From the moment that guests first pull into the parking lot until their eventual check out and departure, theft risks lurk …
Posted: Mar 03, 2024
By Patrick Wraight Homeowners insurance companies are having a rough year. What’s worse is that they seem to be taking it out on us, their customers. According to an article on Policygenius, the cost of homeowners insurance went up an …
Posted: Mar 03, 2024
Maintaining a progressive approach to marketing is crucial for an insurance business to succeed. Innovative tools, software and platforms have transformed the way modern insurance professionals connect with their audience, streamline operations and e...
Posted: Mar 03, 2024
By Denise Johnson The auto insurance market is tough and varied. Totaled auto losses are up, down or relatively stable, depending on the data source. Ever since the personal auto segment recorded a combined ratio of 112 in 2022 – …
Posted: Mar 03, 2024
For the last decade and a half, business leaders have struggled to comprehend, motivate and manage the millennial generation. Recently, I read an online article where business owners discussed the “new” generation of workers and it was bo...
Posted: Mar 03, 2024
Yvette Prichard says cyber insurance continues to be an area where small businesses have significant gaps in their insurance portfolios. “It is a big risk; any business that does anything on a computer needs cyber liability,” said Prichar...
Posted: Mar 03, 2024
Use of artificial intelligence (AI) is on the rise but most firms making use of the new technology do not provide appropriate guidance. That’s according to Gallagher’s 2023/24 State of the Sector report, which found that 71% of firms usin...
Posted: Mar 03, 2024
There are reasons to be optimistic about the small business insurance market. New businesses are opening their doors every day. Small business start-ups are booming with record-breaking new business applications reported in 2023. While the rising cos...
Posted: Mar 03, 2024
Over the next 15 years, 50% of the current insurance workforce will retire. It’s a jarring number. This leaves more than 400,000 open positions unfilled, according to the U.S. Chamber of Commerce. At the same time, the industry is experiencing...
Posted: Mar 03, 2024
By Ezra Amacher The Texas Supreme Court recently ruled that when an insurance company pays an appraisal award plus any statutory interest in a weather-related first-party property case, there is no liability for attorney’s fees. The court respo...
Posted: Mar 03, 2024
Conrade Insurance Group this week reported a data breach upon identifying unusual activity in its email system. The Newton, Kansas-based insurance agency posted a Notice of data Event on its website stating an investigation determined that one employ...
Posted: Mar 01, 2024
Ryan Specialty reported fourth quarter 2023 net income of $58.5 million and net income of $194.5 million for the full year. The Chicago-based specialty insurance firm grew Q4 net income by about 28% from the prior year, while full year …
Posted: Mar 01, 2024
Georgia legislation that could have a significant impact on insurance litigation and losses for transportation-related businesses are moving forward in the state General Assembly. The Georgia House of Representatives late last month approved House Bi...
Posted: Mar 01, 2024
A dispute between an insurer and a yacht owner went all the way to the U.S. Supreme Court with a decision recently—the first of its kind on marine insurance in about 70 years—to clarify federal maritime law and state insurance …
Posted: Mar 01, 2024
The worst-ever Texas wildfire sent shares of Xcel Energy Inc. plunging after a law firm said it might be linked to the disaster, the latest sign that potential ties between power companies and blazes are triggering volatility in once-sleepy utility &...
Posted: Mar 01, 2024
This edition of International People Moves details appointments at the re/insurer AXIS Capital Holdings and insurance broker Miller. A summary of these new hires follows here. AXIS Promotes Ashby to Chief Commercial Officer AXIS Capital Holdings Ltd....
Posted: Mar 01, 2024
New York-based hedge fund J. Goldman & Co. signed a lease at a new Miami Beach office building that’s seeking some of the highest rents ever seen in the market. J. Goldman agreed to take roughly 10,000 square feet (929 …
Posted: Mar 01, 2024
CHICAGO (AP) — The sisters of a man fatally shot in his home this month by suburban Chicago police filed a federal lawsuit Wednesday against the officers and their department, alleging wrongful death and other counts. Kyenna McConico and Kennetha ...
Posted: Mar 01, 2024
FRITCH — A blanket of snow and rain that descended over the Texas Panhandle on Thursday helped firefighters to quell the spread of the largest wildfire in the state’s history, which has engulfed more than 1 million acres of land …
Posted: Mar 01, 2024
A newly released report on a fatal crash involving a pickup truck and a group of cyclists last year near Phoenix, Ariona, casts doubt about the driver’s claim that the vehicle’s steering locked up. The National Transportation Safety Board...
Posted: Mar 01, 2024
A newly released report on a fatal crash involving a pickup truck and a group of cyclists last year near Phoenix, Ariona, casts doubt about the driver’s claim that the vehicle’s steering locked up. The National Transportation Safety Board...
Posted: Mar 01, 2024