Insurance Journal
As factories, stores and hotels across Spain and Portugal gradually returned to normal on Tuesday after a huge blackout the day before, business associations and companies began counting the cost. Spain’s main business lobby CEOE estimated the...
Posted: Apr 30, 2025
On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the east of Malaysia after a two-month voyage from Venezuela. The vessel raised some red flags: it was 32 years old, …
Posted: Apr 30, 2025
The UK should spare flood defense programs from budget cuts to be announced in June, as the country is already woefully unprepared for worsening disasters linked to climate change, a government adviser has said. “We are seriously concerned that...
Posted: Apr 30, 2025
Mosaic Promotes Duggan to Lead North American Claims Mosaic, headquartered in Hamilton, Bermuda, named environmental and casualty risk specialist and former district attorney Thomas Duggan as the company’s claims head for North America. Based i...
Posted: Apr 30, 2025
Three workers were killed and two were injured when a section of scaffolding collapsed early Tuesday at a liquefied natural gas plant that Sempra is building in Texas. The two survivors at the Port Arthur LNG project were rescued from …
Posted: Apr 30, 2025
The textile mills that once served as the backbone of Mount Pleasant, North Carolina, have long been shuttered, and officials believed federal money would be key to the town’s overdue revitalization. They hoped an improved stormwater drainage s...
Posted: Apr 30, 2025
Six weeks after Tampa-based Heritage Property & Casualty Insurance Co. filed a libel suit against a whistleblower claims adjuster, the adjuster’s lawyer has pushed back, arguing that the suit is an attempt to silence those who question insu...
Posted: Apr 30, 2025
Arch Capital’s first-quarter profit fell 49.2% as catastrophe losses from the California wildfires weighed on its underwriting performance and investment returns, the insurer said on Tuesday. The results mirror those of peers W R Berkley and Ch...
Posted: Apr 30, 2025
Catholic Relief Services (CRS) has been found to have violated Maryland’s employment anti-discrimination law when it discriminated against an employee because of his sexual orientation. U.S. District Judge Julie Rubin ordered CRS to pay $60,000...
Posted: Apr 30, 2025
Catholic Relief Services (CRS) has been found to have violated Maryland’s employment anti-discrimination law when it discriminated against an employee because of his sexual orientation. U.S. District Judge Julie Rubin ordered CRS to pay $60,000...
Posted: Apr 30, 2025
The Los Angeles Department of Water and Power is returning to the municipal bond market with a $1 billion offering, roughly three months after shelving a sale in the immediate wake of historic wildfires that began burning in Southern California ̷...
Posted: Apr 30, 2025
A ransomware attack is the cause of a disruption at Marks & Spencer Group Plc., with hackers using a potent kind of malware to lock down some of the British retailer’s systems and render them inaccessible, according to people familiar ̷...
Posted: Apr 29, 2025
Aspen Insurance said on Tuesday it was seeking a valuation of up to $2.85 billion in its New York flotation, as the Bermudian specialty insurer looks to go public again in the United States after more than six years. Stock …
Posted: Apr 29, 2025
This edition of International People Moves details appointments at the managing general underwriter Carbon Underwriting and specialty re/insurer Chaucer. A summary of these new hires follows here. CEO of Carbon Retires for Health Reasons, Succeeded b...
Posted: Apr 29, 2025
The driver of a boat that appeared to leave the scene after a fatal crash in Clearwater, Florida, was not intoxicated but could still face multiple charges in the tragedy, according to local news media and the Associated Press. Authorities …
Posted: Apr 29, 2025
The New Jersey Forest Fire Service reported continued progress in fighting the Jones River wildfire, with the fire being 75% contained by noon on Monday, April 28. Officials said crews will remain on the scene for the next several days …
Posted: Apr 29, 2025
ATLANTA (AP) — Before dawn on Oct. 18, 2017, FBI agents broke down the front door of Trina Martin’s Atlanta home, stormed into her bedroom and pointed guns at her and her then-boyfriend as her 7-year-old son screamed for his …
Posted: Apr 29, 2025
A Memphis church known as a rallying spot in the Civil Rights Movement suffered major damage in a fire that broke out early Monday morning. The 130-year-old Clayborn Temple, in downtown Memphis, is considered a total loss, with only the …
Posted: Apr 29, 2025
A Memphis church known as a rallying spot in the Civil Rights Movement suffered major damage in a fire that broke out early Monday morning. The 130-year-old Clayborn Temple, in downtown Memphis, is considered a total loss, with only the …
Posted: Apr 29, 2025
Warner Bros. Discovery convinced a U.S. judge to dismiss a lawsuit over rights to the iconic character Superman, lifting a legal headache before the company releases its new “Superman” movie this summer. U.S. District Judge Jesse Furman i...
Posted: Apr 29, 2025
Almost a year to the day after Progressive announced it would hire more than 10,000 people to fill claims, IT and legal roles in 2024, the nation’s second largest auto insurer said it now has 12,000 job openings. As was …
Posted: Apr 29, 2025
Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to a gain of $755 million during the same period the prior year. The company’s consolidated insurance operations turned in a first quarter combined...
Posted: Apr 29, 2025
Berkshire Hathaway Specialty Insurance (BHSI) has introduced an update to its Private Company Executive Lines suite of products in Canada and named Shaun Lue as private company leader. The new modular offering includes expansive directors & offic...
Posted: Apr 29, 2025
Cargo theft across the U.S. and Canada continued to rise in 2024, with three states making up the bulk of losses, a new report shows. Multimodal hubs in California, Texas, as well as around Chicago, continue to be top targets …
Posted: Apr 29, 2025
Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted insurers. According to a report from AM Best, surplus homeowners direct premiums written in 2023 eclipsed $2 billi...
Posted: Apr 29, 2025