Insurance Journal
This post is part of a series sponsored by IAT Insurance Group. U.S. coastal areas, particularly Gulf Coast states like Florida, Louisiana and Texas, have been hit hard in the past decade by climate change-related natural disasters. In 2022 alone, &#...
Posted: Jan 08, 2024
A judge in Oregon rejected a U.S. Department of Justice request to dismiss a 2015 lawsuit brought by young people that alleges the federal government knew the dangers posed by carbon pollution but that it has continued through policies and …
Posted: Jan 05, 2024
For context, I suggest that you read this Insurance Journal story that provides some details related to the bill that I want to discuss. Here’s the link: https://www.insurancejournal.com/news/southeast/2024/01/04/754264.htm. We put this Florida...
Posted: Jan 05, 2024
Inigo Ltd. announced it has issued its third catastrophe bond for $100 million via Montoya Re Ltd. The cat bond will cover North American named storms and earthquakes and will use a PCS industry loss index trigger. The coupon is …
Posted: Jan 05, 2024
Alphabet Inc’s Google violated U.S. labor law by refusing to bargain with a union representing contract workers for YouTube Music, a federal agency has ruled. The National Labor Relations Board (NLRB) in a decision on Jan. 3 rejected claims by...
Posted: Jan 05, 2024
Gallagher Taps AIG’s Loesti as Chief Commercial Officer, European Broking Nepomuk (Nepo) Loesti has joined Gallagher as chief commercial officer of its European broking operations. The newly created role will support the expansion of Gallagher...
Posted: Jan 05, 2024
Driverless trucks with no humans on board will soon cruise Texas highways if three startup firms have their way, despite objections from critics who say financial pressures, not safety, is behind the timetable. After years of testing, Aurora Innovati...
Posted: Jan 05, 2024
The U.S. Supreme Court on late last month said it would hear a bid to block the Environmental Protection Agency from enforcing a federal regulation aimed at reducing ozone emissions that may worsen air pollution in neighboring states. Acting on ̷...
Posted: Jan 05, 2024
Flooding from a burst water main at Boston`s Brigham and Women’s Hospital has disrupted services for about 200 patients seeking to have children through in vitro fertilization, leaving some of them devastated. The pipe burst about 1 a.m. on Chr...
Posted: Jan 05, 2024
(Reuters) – The U.S. Food and Drug Administration (FDA) said on Friday it had authorized Florida to directly import prescription drugs from Canada, where prices of medicines are cheaper. The regulator said it was committed to working with other...
Posted: Jan 05, 2024
SAVANNAH, Ga. (AP) — The Georgia Department of Transportation said Wednesday it has chosen a general contractor to oversee a $189 million project to raise Savannah`s towering suspension bridge so that larger cargo ships can pass underneath and...
Posted: Jan 05, 2024
Merck & Co. Inc. has reportedly reached a deal with insurers over a closely-watched coverage dispute related to a massive cyberattack in 2017. The New Jersey Supreme Court in July 2023 agreed to hear the case after a state appeals …
Posted: Jan 05, 2024
Just because an insurer paid the full policy limits on a claim, and argues that the damages weren’t even covered, doesn’t mean it can escape a bad-faith lawsuit. It’s the type of court decision that has rankled Florida insurance car...
Posted: Jan 05, 2024
Just because an insurer paid the full policy limits on a claim, and argues that the damages weren’t even covered, doesn’t mean it can escape a bad-faith lawsuit. It’s the type of court decision that has rankled Florida insurance car...
Posted: Jan 05, 2024
ST. LOUIS (AP) – A Missouri city will pay nearly $3 million to settle a lawsuit accusing it of violating the constitutional rights of residents by jailing them and forcing them to pay fines and fees amounting to millions of …
Posted: Jan 05, 2024
ST. LOUIS (AP) – A Missouri city will pay nearly $3 million to settle a lawsuit accusing it of violating the constitutional rights of residents by jailing them and forcing them to pay fines and fees amounting to millions of …
Posted: Jan 05, 2024
Outgoing Louisiana Insurance Commissioner Jim Donelon said Thursday that two initiatives to address the state’s property insurance market are meeting expectations. Donelon provided updates to the Louisiana Incentive Program and the Louisiana Fo...
Posted: Jan 05, 2024
Outgoing Louisiana Insurance Commissioner Jim Donelon said Thursday that two initiatives to address the state’s property insurance market are meeting expectations. Donelon provided updates to the Louisiana Incentive Program and the Louisiana Fo...
Posted: Jan 05, 2024
Rokstone, the London-based speciality re/insurance managing general agent, part of Aventum Group, announced a binder agreement with Munich Re Syndicate Ltd. (MRSL), to bolster the expansion of its international property risks portfolio. The binder ha...
Posted: Jan 05, 2024
The 2024 PGA Tour teed off Thursday with the opening round of The Sentry, the first major sporting event to be held on the island of Maui since the devastating Lahaina wildfires in August. Sentry Insurance, the tournament’s title sponsor, ̷...
Posted: Jan 05, 2024
The 2024 PGA Tour teed off Thursday with the opening round of The Sentry, the first major sporting event to be held on the island of Maui since the devastating Lahaina wildfires in August. Sentry Insurance, the tournament’s title sponsor, ̷...
Posted: Jan 05, 2024
The earnings impact on the major domestic non-life insurers of claims from the Jan. 1, 2024 earthquake in Japan is expected to be manageable relative to the sector’s net profit, according to AM Best in a market commentary. Japan’s four &#...
Posted: Jan 05, 2024
The earnings impact on the major domestic non-life insurers of claims from the Jan. 1, 2024 earthquake in Japan is expected to be manageable relative to the sector’s net profit, according to AM Best in a market commentary. Japan’s four &#...
Posted: Jan 05, 2024
The earnings impact on the major domestic non-life insurers of claims from the Jan. 1, 2024 earthquake in Japan is expected to be manageable relative to the sector’s net profit, according to AM Best in a market commentary. Japan’s four &#...
Posted: Jan 05, 2024
Congresswoman Eddie Bernice Johnson died a “terrible, painful death” from an infection caused by negligence at her Dallas recovery facility following a September back surgery, according to a statement Thursday from Johnson’s family...
Posted: Jan 05, 2024