Insurance Journal
Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, is offering U.S. primary casualty in addition to its existing Bermuda and U.S. excess casualty products, continuing the company’s expansion of specialty insurance capabilitie...
Posted: Feb 20, 2024
Uber Technologies last Friday sued an auto insurer to have it defend and indemnify it regarding multiple lawsuits that are seeking to hold Uber vicariously liable for accidents involving Uber drivers in New York. The technology company maintains that...
Posted: Feb 20, 2024
FTX investors sued Sullivan & Cromwell, accusing the law firm of aiding illicit schemes that helped advance a multi-billion dollar fraud before the crypto exchange’s collapse. Sullivan & Cromwell’s services “went well beyond...
Posted: Feb 20, 2024
Flying further improved its safety record last year, extending a long-term trend that’s set to continue despite quality lapses at Boeing Co. and maintenance setbacks in Russia, where sanctions have put decades of progress at risk. There were 12...
Posted: Feb 20, 2024
Seafarers have the right to refuse to sail on ships passing through the Red Sea in a new industry agreement as the situation escalates and further vessels are attacked by Yemen’s Iran-aligned Houthis, a labor union and industry groups said R...
Posted: Feb 20, 2024
Remote workers are more likely to be laid off or miss out on promotion opportunities than their peers who work in the office or in hybrid environments, potentially exposing employers to costly discrimination lawsuits. A January survey from Live Data...
Posted: Feb 20, 2024
Italy’s Fondazione CRT has increased its stake in insurer Generali around 2% after selling its entire holding in Italian bank Banco BPM last week, its chairman Fabrizio Palenzona said on Tuesday. “We are and will remain on the 2% threshol...
Posted: Feb 20, 2024
Truist Financial Corp. is nearing a deal to sell a majority stake in its insurance brokerage business to Stone Point Capital and Clayton Dubilier & Rice, people familiar with the matter said. The sale of the stake in Truist Insurance …
Posted: Feb 20, 2024
Truist Financial Corp. agreed to sell a majority stake in its insurance brokerage business to group led by Stone Point Capital and Clayton Dubilier & Rice. The all-cash transaction values Truist Insurance Holdings at $15.5 billion, the companies...
Posted: Feb 20, 2024
Amazon.com has joined rocket maker SpaceX and grocery chain Trader Joe’s in claiming that a U.S. labor agency’s in-house enforcement proceedings violate the U.S. Constitution, as the retail giant faces scores of cases claiming it interfer...
Posted: Feb 20, 2024
Businesses and homeowners will be familiar with insurers of last resort – the state-created, quasi-governmental organizations that provide property and liability coverage when the primary market won’t. These include windstorm underwriting assoc...
Posted: Feb 20, 2024
After back-to-back storms lashed the Northeast in January, rental properties Haim Levy owns in coastal Hampton, New Hampshire, were hammered by nearly two feet of water, resulting in hundreds of thousands of dollars in damage and causing him to evacu...
Posted: Feb 20, 2024
Inszone Insurance Services acquired entertainment insurance agency Truman Van Dyke Co. Truman Van Dyke was founded by Truman Van Dyke Sr. and Truman Van Dyke Jr. Van Dyke Sr. transitioned from a silent film actor to an insurance agent, catering ̷...
Posted: Feb 20, 2024
When firefighters arrived at a home in a Washington, D.C., suburb to investigate a report about a gas smell Friday night, they discovered a 500-gallon underground propane tank with a leak on the side of the residence. Shortly after they …
Posted: Feb 20, 2024
Two aviation experts who reviewed newly released photos and video of last week’s helicopter crash that killed a prominent Nigerian banker and five others said the flight likely should have been canceled because of poor nighttime weather conditi...
Posted: Feb 20, 2024
Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper...
Posted: Feb 20, 2024
Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper...
Posted: Feb 20, 2024
A coalition of international law enforcement agencies, including the FBI and UK National Crime Agency, said they have disrupted LockBit, one of the most prolific hacker groups of all time, including shutting down websites the organization used for ra...
Posted: Feb 20, 2024
AccuWeather meteorologists on Sunday forecasted the “relentless wet pattern” will continue for residents along the West Coast at least the middle of the week, as stormy conditions will moved onshore withrounds of locally heavy rainfall an...
Posted: Feb 19, 2024
This post is part of a series sponsored by AgentSync. We recently wrote in great detail about the different types of insurance fraud, including how to go about committing each type (just for informational purposes, of course!). Today, our focus ̷...
Posted: Feb 19, 2024
Buyers of commercial property insurance are facing many challenges. Rates are rising, capacity is becoming scarce (particularly in catastrophe exposed zones), and large programs, often involving dozens of insurers, are proving harder to syndicate. To...
Posted: Feb 18, 2024
U.S. Representatives Brad Finstad (MN-01) and Elissa Slotkin (MI-07) have introduced HR 7062, the Farm and Food Cybersecurity Act, designed to strengthen cybersecurity protections within the food and agriculture critical infrastructure sector by iden...
Posted: Feb 18, 2024
Workers’ compensation insurance is one of the costliest aspects of a construction project that carriers, construction managers, and businesses face. According to Insureon, construction carries the highest workers’ compensation costs of an...
Posted: Feb 18, 2024
The recent billionaire back-and-forth about diversity, equity and inclusion initiatives is a great opportunity to look at why we’re doing DEI, how we’re doing it — and how we can do it better. Bill Ackman and Elon Musk have pillorie...
Posted: Feb 18, 2024
By Andrea Wells Insurance agency employees and producers on average made more money in 2023 but, overall, employees reported lower satisfaction with their compensation than in 2022, a year when overall satisfaction rose, according to the latest Agenc...
Posted: Feb 18, 2024