Insurance Journal
New Mexico and Alaska are among the safest states for older drivers, a new report shows. Research carried out by personal injury law firm Bader Scott analyzed National Highway Traffic Safety Administration data from 2017 to 2021 to identify states &#...
Posted: Jan 12, 2024
EBay has agreed to pay $3 million to resolve a U.S. criminal probe into a campaign by several of its employees to stalk and harass a Massachusetts couple whose online newsletter was viewed as critical of the e-commerce company. Federal …
Posted: Jan 12, 2024
The family of a University of Arizona professor who was fatally shot on campus in the fall of 2022 has reached a multimillion-dollar agreement with the school, attorneys for the man’s wife and sons said. A statement by the law …
Posted: Jan 12, 2024
Two California cities made the list of cities most likely to experience flood damage in a new study. Stockton and Sacramento were among the most likely to experience flood damage based on data from the 200 largest cities in the …
Posted: Jan 12, 2024
A federal appeals court has ruled that a Massachusetts hospital is entitled to coverage for losses due to COVID-19 under a health care endorsement in its policy from Continental Casualty Co. The First Circuit Court of Appeals concluded that Lawrence...
Posted: Jan 12, 2024
Fire investigators said they have still not determined what caused an explosion at a historic Texas hotel that plunged two stories of debris into the basement, blew out windows and doors onto the streets of downtown Fort Worth and left …
Posted: Jan 11, 2024
First MainStreet Insurance L.C.announced the addition of seven new Iowa agencies to its platform to close out 2023. In late November 2023, Pfantz Insurance Services and the insurance operations of Eckhardt Enterprises, both located in State Center, j...
Posted: Jan 11, 2024
The insurance industry faces an image challenge. Plaintiff attorney highway billboards and websites routinely disparage insurance companies as fat, greedy and collusive. One plaintiff law firm website declares that “at the end of the day, the l...
Posted: Jan 11, 2024
Ryan Specialty, the Chicago-based international specialty insurance firm, announced the expansion of its renewable energy insurance offering on a global basis with PERse International, a managing general underwriter based in London. PERse Internation...
Posted: Jan 11, 2024
The state’s oil and gas regulatory agency last month suspended nearly two dozen permits that let companies inject saltwater water into the ground, a routine industry practice that regulators said has contributed to the rising frequency and magn...
Posted: Jan 11, 2024
A blizzard pounded mountainous areas of Oregon and Washington on Tuesday, knocking out power and prompting the closure of highways and ski resorts. The Washington Department of Transportation closed two mountain passes: U.S. Route 2, which goes throu...
Posted: Jan 11, 2024
Title insurer Fidelity National Financial (FNF) said about 1.3 million customers have been impacted by a cyberattack it suffered last November. According to a filing with the U.S. Securities and Exchange Commission, FNF became aware of a cybersecurit...
Posted: Jan 11, 2024
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Ardonagh Specialty, and Lockton Re. A summary of these new hires and promotions follows here. BHSI Taps Holding From Aviva to Lead UK Ma...
Posted: Jan 11, 2024
Rokstone, a specialty insurance and reinsurance managing general agency, has launched a new third-party administrator service based in Kentucky. Part of the Aventum Group, Rokstone said its new Verus TPA will manage Rokstone’s agricultural clai...
Posted: Jan 11, 2024
CONCORD, N.C. (AP) — A man wrongfully convicted and imprisoned for 44 years has reached a $25 million combined settlement with a central North Carolina city and the state of North Carolina involving a lawsuit accusing authorities of misconduct, the &...
Posted: Jan 11, 2024
Marsh Names Hennessy Northeast Zone Leader Marsh named Patrick Hennessy as zone leader for its eight Northeast offices. Based in New York, Hennessy brings 30 years of insurance brokerage, consulting and management experience to the role, having spent...
Posted: Jan 11, 2024
The U.S. securities regulator on Wednesday approved the first U.S.-listed exchange traded funds (ETFs) to track bitcoin, in a watershed for the world’s largest cryptocurrency and the broader crypto industry. The Securities and Exchange Commissi...
Posted: Jan 11, 2024
China’s financial regulator told its banks and insurers to thoroughly review cyber and data security across all their businesses, underscoring the government’s increased focus on national security and data integrity. In a directive sent a...
Posted: Jan 11, 2024
Ventis, the commercial and residential real estate managing general agent that provides tailored solutions for a range of property profiles, has opened for business. Founded by Gareth Roberts, previously head of Covéa’s Mid-Market Specialist an...
Posted: Jan 11, 2024
Arthur J. Gallagher & Co. announced the acquisition of UK-based MCMM Services Ltd. (MCMM). Terms of the transaction were not disclosed. MCMM provides administrative and claims management services to members of Education Mutual, a mutual insurer t...
Posted: Jan 11, 2024
As we head into 2024, many property/casualty companies are primed to grow their businesses, but not all have adequate levels of surplus to support premium growth, an Aon Ward executive said during a mid-December webinar. Jeff Rieder, partner and head...
Posted: Jan 11, 2024
HOUSTON (AP) — A pair of strays have landed in the doghouse after being caught on video causing more than a quarter-million dollars’ worth of damage at a Houston car dealership. One dog, described as a bull terrier mix, was …
Posted: Jan 11, 2024
War over Taiwan would have a cost in blood and treasure so vast that even those unhappiest with the status quo have reason not to risk it. Bloomberg Economics estimate the price tag at around $10 trillion, equal to about …
Posted: Jan 11, 2024
MADISON, Wis. (AP) — Wisconsin Assembly Republicans’ highly restrictive plan to legalize medical marijuana in the state drew a lukewarm response from Senate Republicans and Democratic Gov. Tony Evers on Monday. The bill would limit medical mari...
Posted: Jan 11, 2024
Orion180 announced the expansion of its homeowners insurance products to the states of Georgia and Indiana. Underwriting through Orion180 Select Insurance Co., an admitted insurance company domiciled in Indiana, Orion180 offers the coverage through i...
Posted: Jan 11, 2024