Insurance Journal
Completely driverless vehicles traveled nearly 3.3 million miles in California last year, over five times the previous year’s total, even as concerns rose in the wake of a Cruise robotaxi accident, state data on vehicle testing released on Frid...
Posted: Feb 05, 2024
Howden, headquartered in Renfrew, United Kingdom, appointed David Shalders as group chief operating officer. Shalders will join as an executive member of the Howden Group board and the global leadership team. Shalders joins Howden from LSEG (London S...
Posted: Feb 05, 2024
Tesla drivers no longer have to squint to read the warning lights in their electric vehicles, thanks to eagle-eyed auditors at the US National Highway Traffic Safety Administration. The regulator posted an unusual recall report on its website Friday...
Posted: Feb 05, 2024
A Massachusetts man has filed a proposed class action lawsuit seeking $5 million against the New England Patriots for alleged privacy violations. The suit alleges that the team intentionally and knowingly discloses personally identifiable information...
Posted: Feb 05, 2024
The prosecutor leading Sweden’s probe into the Nord Stream gas pipeline blasts in the Baltic Sea in 2022 plans to announce a decision this week on whether to drop the case, press charges or request that someone is detained, his …
Posted: Feb 05, 2024
Broker Marsh said global commercial insurance rates increased by 2% at renewal in the fourth quarter of 2023, marking the 25th straight quarter of rate increases. “At a time of much global economic uncertainty, clients will welcome the increase...
Posted: Feb 05, 2024
Broker Marsh said the composite rate change at renewal for U.S. commercial lines was up 3% in the fourth quarter 2023, led by an 11% increase in property rates. The Marsh Global Insurance Market Index said it was the 25th …
Posted: Feb 05, 2024
ST. PETERSBURG, Fla. (AP) — The “cone of uncertainty” produced by the National Hurricane Center to forecast the location and ferocity of a tropical storm is getting an update this year to include predictions for inland areas, where wind a...
Posted: Feb 05, 2024
HOMEWOOD, Ala. (AP) — A man fleeing police caused the Alabama car crash that injured Gayle Manchin, head of an economic development partnership of the federal government and 13 state governments and the wife of U.S. Sen. Joe Manchin, along …
Posted: Feb 05, 2024
TALLAHASSEE, Fla. (AP) — A year after Florida enacted a law making it more difficult for employers to hire immigrants illegally, a move that has reportedly exacerbated a labor shortage and has added to property insurance repair costs, the state ̷...
Posted: Feb 05, 2024
The Aconcagua refinery, Chile’s second-largest with a capacity to process 102,000 barrels per day (bpd) of crude, has been shut down since Friday following a power outage caused by forest fires raging in the country, its owner said on Sunday. &...
Posted: Feb 05, 2024
Fintech firm EquiLend said on Friday some services, including trading and post-trading solutions, had been restored, more than a week after it suffered an outage due to unauthorized access to its systems. EquiLend, a company at the heart of securitie...
Posted: Feb 05, 2024
Insurers are prepared for artificial intelligence to move beyond task automation and machine learning to advanced uses in 2024, a new report examining the industry and how it’s using AI shows. The report from Xceedance, a provider of operations...
Posted: Feb 05, 2024
As hedge funds rake in record profits in one of the riskiest corners of the debt market, the products behind those returns are now drawing in more mainstream investors. Catastrophe bonds, which last year formed the basis for the best-performing ̷...
Posted: Feb 05, 2024
Consumers will be given greater rights to have goods such as washing machines and smartphones repaired under new rules agreed by the European Union and aimed at reducing waste from defective or broken products simply being dumped and replaced. Along...
Posted: Feb 05, 2024
North Carolina has a rather unique setup for auto insurance, allowing insurers to place high-risk drivers into the state Reinsurance Facility, a non-profit, state-created pool. That system came under new scrutiny last week, with some state lawmakers...
Posted: Feb 05, 2024
North Carolina has a rather unique setup for auto insurance, allowing insurers to place high-risk drivers into the state Reinsurance Facility, a non-profit, state-created pool. That system came under new scrutiny last week, with some state lawmakers...
Posted: Feb 05, 2024
A former Sarasota insurance agent and financial advisor has been sentenced to 15 years in prison for what prosecutors said was a scheme to defraud elderly residents out of $6 million. Phillip Roy Wasserman, 67, was convicted of fraud charges …
Posted: Feb 05, 2024
Insurance rating firm AM Best has revised the outlooks to negative from stable and affirmed the superior credit ratings of Amica Mutual Insurance Co. and its subsidiary, Amica Property and Casualty Insurance Co. The companies’ Financial Strengt...
Posted: Feb 05, 2024
HUB International launched a new program to address the need for enhanced wildfire coverage of high value homes that will be offered exclusively by HUB Private Client to address the insurance and risk management needs of affluent families and individ...
Posted: Feb 05, 2024
A medical biller has been sentenced to 12 years in federal prison after being convicted in a massive insurance fraud scheme that involved posing as an NBA player and other patients to harangue the companies for payments that weren’t actually &#...
Posted: Feb 05, 2024
A medical biller has been sentenced to 12 years in federal prison after being convicted in a massive insurance fraud scheme that involved posing as an NBA player and other patients to harangue the companies for payments that weren’t actually &#...
Posted: Feb 05, 2024
The California Insurance Wholesalers Association (CIWA), a professional trade association focused on California E&S insurance wholesalers, carriers and supporting entities, named four new members to its board of directors. New directors include:...
Posted: Feb 05, 2024
By Jim Sams The Iowa Supreme Court reinstated a deputy workers’ compensation commissioner’s decision to bar reports that were submitted too late by experts who weren’t certified, reversing decisions by the district court and Court o...
Posted: Feb 04, 2024
Trucking companies Werner Enterprises, Inc. and Drivers Management, LLC must pay $335,682 to a deaf truck driver months after an Omaha, Nebraska jury found in favor of the U.S. Equal Employment Opportunity Commission (EEOC) on disability discriminati...
Posted: Feb 04, 2024