Insurance Journal
A New Jersey shore town locked in a legal battle with the state over tens of millions of dollars it has spent trying — mostly in vain — to hold back the ocean now is more vulnerable than ever. A …
Posted: Jan 29, 2024
Symphony Risk Solutions is launching a new specialty business focused exclusively on the risk management and human capital needs of the energy industry, Symphony Energy. Symphony Risk Solutions is a risk management and employee benefits consulting fi...
Posted: Jan 29, 2024
A jury awarded $83.3 million to E. Jean Carroll on Friday in a stinging and expensive rebuke to former President Donald Trump for his continued social media attacks against the longtime advice columnist over her claims that he sexually assaulted R...
Posted: Jan 28, 2024
Property insurers in Georgia would be required to provide premium discounts for not only residential, but also for commercial structures that are built or retrofitted to resist wind damage, if a bill approved by Senate committee becomes law. The Sena...
Posted: Jan 26, 2024
Pennsylvania’s Bucks County reported that it is continuing to investigate a cybersecurity incident that caused an extended outage of the Emergency Communications’ Department’s computer-aided dispatch (CAD) system beginning last Sund...
Posted: Jan 26, 2024
A California startup using artificial intelligence (AI) and satellites to spot fire and weather risks on power lines, AiDash, reported it had raised $50 million in new funding, reflecting Silicon Valley efforts to create products that help energy com...
Posted: Jan 26, 2024
A group of 12 insurance companies cannot yet appeal a trial court’s finding that contamination exclusions did not bar coverage for a chemical plant that was damaged when 90 tons of liquid chlorine leaked from a ruptured rail car in …
Posted: Jan 26, 2024
Be a part of the industry’s favorite salary survey while learning more about agency compensation trends nationwide. We would like to invite ALL retail agency owners, principals, producers, CSRs — the entire agency — to participate in Insurance...
Posted: Jan 26, 2024
The number of North Korean-linked hacks of cryptocurrency platforms rose to a record high in 2023, though the actual amount of funds stolen dropped around 40%, a report Wednesday from blockchain analysis firm Chainalysis Inc. showed. In a series of &...
Posted: Jan 26, 2024
Amazon-owned Ring will stop allowing police departments to request doorbell camera footage from users, marking an end to a feature that has drawn criticism from privacy advocates. In a blog post on Wednesday, Ring said it will sunset the “Reque...
Posted: Jan 26, 2024
FORT LAUDERDALE, Fla. (AP) — A small plane crashed in the Florida Everglades, killing the two people on board, authorities said. Their bodies were found Wednesday in the wreckage. The single-engine Cessna Skyhawk took off from the North Perry Airport...
Posted: Jan 26, 2024
General Motors Co. blamed poor leadership for mishandling its Cruise robotaxi crisis, an admission the carmaker is hoping will help get its cars back on the roads. A report by the law firm Quinn Emanuel, hired by GM and Cruise, …
Posted: Jan 26, 2024
JACKSON, Miss. (AP) — Opening a spillway as a flood-control measure in 2019 sent polluted fresh water from the Mississippi River into the Gulf of Mexico and killed bottlenose dolphins that live in saltwater, according to a new lawsuit. Several …...
Posted: Jan 26, 2024
JACKSON, Miss. (AP) — Opening a spillway as a flood-control measure in 2019 sent polluted fresh water from the Mississippi River into the Gulf of Mexico and killed bottlenose dolphins that live in saltwater, according to a new lawsuit. Several …...
Posted: Jan 26, 2024
Liberty Mutual Insurance Appoints John Krupczak to Lead Property for US Energy Liberty Mutual Insurance announced the appointment of John Krupczak to the role of head of US Energy (Property), effective immediately. Part of the Liberty Specialty Marke...
Posted: Jan 26, 2024
Ratings firm AM Best has revised the outlooks to negative from stable of Farmers Mutual Fire Insurance Co. of Marble, Pennsylvania. At the same time, it has affirmed the insurer’s Financial Strength Rating of A (Excellent) and the Long-Term Iss...
Posted: Jan 26, 2024
West Virginia’s Republican-dominated Legislature pushed forward a slate of contentious bills Wednesday that would arm teachers, allow people to sue libraries over books that offend them and restrict where transgender kids can use the bathroom a...
Posted: Jan 26, 2024
Climate change is the main culprit for a record drought in the Amazon rainforest that has drained rivers, killed endangered dolphins and upended life for millions of people in the region, according to a study released on Wednesday. Global warming ...
Posted: Jan 26, 2024
Piracy off Somalia’s coast has increased since maritime security was disrupted by Houthi militants’ attacks on ships in the Red Sea in response to the Israel-Hamas war. The Horn of Africa nation has recorded five assaults on commercial sh...
Posted: Jan 26, 2024
Colombia declared a national disaster as wildfires spread through drought-hit forests and filled the capital, Bogota, with smoke. Environmental authorities reported 31 separate blazes on Thursday, after months of hot, dry weather caused by the El Nin...
Posted: Jan 26, 2024
AM Best announced it has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” (Excellent) from “a” (Excellent) of Pharmacists Mutual Insurance Company (P...
Posted: Jan 26, 2024
Ex-Tropical Cyclone Kirrily has uprooted trees and felled powerlines in Australia’s Queensland state, leaving tens of thousands without electricity or phone service as the state braces for further wild weather into the weekend. The storm has we...
Posted: Jan 26, 2024
The Biden administration intends to announce its strategy on Friday for beefing up environmental scrutiny of applications to export natural gas, according to people familiar with the matter. President Joe Biden will order the Energy Department to hal...
Posted: Jan 26, 2024
Federal inspectors examining injury and illness records at a Fairfield food services warehouse found workers suffered severe injuries at nearly four times the average rate for their industry, with a high percentage of these injuries categorized as er...
Posted: Jan 26, 2024
Several major Ukrainian state organizations on Thursday reported cyber attacks on their systems, in the latest wave that a source close to the government blamed on Russian intelligence. Ukraine’s state-run energy company Naftogaz said one of th...
Posted: Jan 26, 2024