Insurance Journal
Georgia was, by far, the state with the most frozen pipe and water damage claims, State Farm Insurance reported as much of the country faces the first deep freeze for winter 2024. The insurer said in an article on its …
Posted: Jan 18, 2024
Commissioner Andrew Mais of the Connecticut Insurance Department announced a 37% increase in the state’s captive insurance sector in 2023. According to Mais, this growth includes the addition of 10 new captive insurers and 13 new cell risk-bear...
Posted: Jan 18, 2024
The U.S. Department of Labor repoorts that it has obtained a consent judgment in federal court that requires a Philadelphia home healthcare agency and its owner to pay approximately $1.6 million in back wages and liquidated damages to 288 workers ...
Posted: Jan 18, 2024
Fermat Capital Management just had the best year in its more than two-decade history, after outsize bets on catastrophe bonds delivered record results. The hedge fund’s returns were “in line” with the 20% gain in the Swiss Re Global...
Posted: Jan 18, 2024
The US Supreme Court questioned a longstanding legal doctrine that gives federal agencies wide berth to interpret unclear laws as the justices heard two appeals that would constrain environmental, consumer-protection and financial regulators. The cou...
Posted: Jan 18, 2024
Tangram Insurance Services, an independent managing general agency based in California, has acquired Preferred Reinsurance Intermediaries in Columbia, South Carolina, marking Tangram’s entry into the reinsurance brokerage market. Preferred Re,...
Posted: Jan 18, 2024
A California court has dismissed a lawsuit from a group of fishermen against a conservation group that added New England lobster to its list of seafood to avoid. The lawsuit stemmed from a decision by Seafood Watch, which rates the …
Posted: Jan 18, 2024
A California court has dismissed a lawsuit from a group of fishermen against a conservation group that added New England lobster to its list of seafood to avoid. The lawsuit stemmed from a decision by Seafood Watch, which rates the …
Posted: Jan 18, 2024
Chris Nunnally joined Alliant Insurance Services as senior vice president within its employee benefits group. Nunnally is based in Boston, Massachusetts. Before working with Alliant, Nunnally was area vice president within the Boston office of insura...
Posted: Jan 18, 2024
Mauritius lifted its highest weather alert and eased a nationwide curfew Tuesday after a deadly cyclone battered the Indian Ocean island, causing heavy flooding and extensive damage in the capital and other parts of the country. The nearby French isl...
Posted: Jan 18, 2024
Non-peak (secondary) perils and record-setting weather and climate events drove global insured losses from natural catastrophes to an estimated $123 billion in 2023, the fourth consecutive year to exceed $100 billion, according to Gallagher Re’...
Posted: Jan 18, 2024
Freezing weather in Germany and other parts of Europe threatened widespread road, rail and flight disruptions as the region braced for snowfall and heavy ice build-up. Frankfurt’s airport operator canceled more than half of the flights schedule...
Posted: Jan 18, 2024
Canopius Group, the global specialty re/insurer, has launched a new investment management product for asset managers. The product has been developed to respond to shifts in the risk landscape in the highly regulated asset management sector. In an era...
Posted: Jan 18, 2024
Russia has allocated an additional 107.7 billion roubles ($1.23 billion) from its rainy day fund to a state company that has been purchasing aircraft from foreign lessors, the finance ministry said on Wednesday. The ministry said it had purchased bon...
Posted: Jan 18, 2024
Testimonies from 40 women across banking, insurance, and asset management in Britain describe diversity and inclusion initiatives as often “tokenistic,” and lacking the “teeth” to make a change in an industry where misogynisti...
Posted: Jan 18, 2024
Alliant Insurance Services named Greg Zimmer chief executive officer, taking over for Tom Colbert, who has served as CEO for more than 30 years. The new leadership roles will take effect April 1, 2024. Zimmer joined Alliant in 1998 as …
Posted: Jan 18, 2024
Alliant Insurance Services named Greg Zimmer chief executive officer, taking over for Tom Corbett, who has served as CEO for more than 30 years. The new leadership roles will take effect April 1, 2024. Zimmer joined Alliant in 1998 as …
Posted: Jan 18, 2024
As we’ve seen for the past several years, severe weather is no longer a seasonal or geographic issue—climate risk has now made these events possible all year long and in every state. The statistics back up this frightening reality. NovemberR...
Posted: Jan 18, 2024
Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters surveyed believe cyber risk w...
Posted: Jan 18, 2024
State Farm Insurance and its subsidiaries owe the state of Florida more than $2.6 million in back taxes and interest after a state appeals court ruled against the insurer on an interpretation of state and federal tax laws. “We disagree …
Posted: Jan 18, 2024
A California court has dismissed a lawsuit from a group of fishermen against a conservation group that added New England lobster to its list of seafood to avoid. The lawsuit stemmed from a decision by Seafood Watch, which rates the …
Posted: Jan 18, 2024
An “unspecified problem” with the balloon portion of a hot air balloon may have led to Sunday’s crash in the Arizona desert that left four people dead and another critically injured, federal authorities said. The National Transporta...
Posted: Jan 18, 2024
Washington state Attorney General Bob Ferguson sued to block the proposed merger of Kroger and Albertsons, two of the nation’s largest grocery chains. In the suit filed in King County Superior Court, Ferguson argued that the $25-billion deal wo...
Posted: Jan 18, 2024
New York City housing is often jammed into tight spaces. Old houses are carved into several apartments. Not all of them are legal. Alexi Home Design’s property in the Bronx had two official residences on the main floor and an …
Posted: Jan 18, 2024
New York City housing is often jammed into tight spaces. Old houses are carved into several apartments. Not all of them are legal. Alexi Home Design’s property in the Bronx had two official residences on the main floor and an …
Posted: Jan 18, 2024