Insurance Journal
The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an industry loss of US$5.8 billion, the largest ever cat loss for the Turkish insurance market, according to CRESTA, the Zur...
Posted: Jan 02, 2024
ReSource Pro, an operations provider to insurance organizations, announced its acquisition of Texas-based Helix Agency Services LLC, a provider of managed technology services for insurance agencies and brokers in the property and casualty marketplace...
Posted: Jan 02, 2024
A divided Ohio Supreme Court on Thursday drew a bright line around the state’s statute of repose for medical malpractice claims, ruling in separate cases that an absolute four-year deadline to bring an action applies to both wrongful death clai...
Posted: Jan 02, 2024
A divided Ohio Supreme Court on Thursday drew a bright line around the state’s statute of repose for medical malpractice claims, ruling in separate cases that an absolute four-year deadline to bring an action applies to both wrongful death clai...
Posted: Jan 02, 2024
DETROIT (AP) – A pair of former Detroit Tigers scouts sued the team, alleging age discrimination over their terminations after the 2020 season. Gary Pellant and Randall Johnson filed the suit Thursday in U.S. District Court in Detroit, claiming a ...
Posted: Jan 02, 2024
MINNEAPOLIS (AP) – A Minnesota woman has sued her dentist after receiving four root canals, eight dental crowns and 20 fillings in a single visit that she says led to her disfigurement. Kathleen Wilson filed the lawsuit last week in …
Posted: Jan 02, 2024
Georgia authorities last week announced the arrest of a contractor charged with underreporting payroll and defrauding Liberty Mutual Insurance Co. of more than $9 million in premiums. Jose Martinez, 56, of Grayson, was charged with insurance fraud af...
Posted: Jan 02, 2024
AM Best has downgraded the financial strength rating of JRG Reinsurance Co. to “B++” (Good) from “A-” (Excellent) and its long-term issuer credit ratings to “bbb+” (Good) from “a-” (Excellent). Concurre...
Posted: Jan 02, 2024
Even before Virginia lawmakers passed a tough new law against organized retail crime earlier this year, Bradley Haywood, a public defender in Arlington, Virginia, challenged the rationale. The idea that retailers in the state had lost billions to org...
Posted: Jan 02, 2024
Nevada drivers can now add a symbol that identifies certain medical conditions on their driver licenses, in an effort to improve safety on the roads, the Nevada Department of Motor Vehicles announced this month. The “Star of Life” symbol...
Posted: Jan 02, 2024
Nevada drivers can now add a symbol that identifies certain medical conditions on their driver licenses, in an effort to improve safety on the roads, the Nevada Department of Motor Vehicles announced this month. The “Star of Life” symbol...
Posted: Jan 02, 2024
After lithium-ion batteries burned in a large cargo ship`s hold for a number of days, the U.S. Coast Guard said the fire was out and directed the ship to anchor near Dutch Harbor, Alaska. The 19 crew members of the …
Posted: Jan 02, 2024
CHARLESTON, W.Va. (AP) — A federal bankruptcy court in West Virginia has set a hearing for next month on the potential sale of a defunct private university`s campus. A court-appointed trustee filed a motion Wednesday to sell the former Alderson...
Posted: Jan 02, 2024
Dyad, Inc., formerly XDimensional Technologies and I-Engineering, a provider of insurance software and services backed by Serent Capital, has launched today following XDimensional Technologies’ acquisition of I-Engineering in June 2023. These t...
Posted: Jan 02, 2024
U.S. prosecutors said they do not plan to conduct a second trial against Sam Bankman-Fried, who was convicted last month of stealing from customers of his now-bankrupt FTX cryptocurrency exchange. In a letter filed on Friday night in federal court &#...
Posted: Jan 02, 2024
All 379 passengers and crew of a Japan Airlines plane miraculously escaped from a fire following a collision with a Coast Guard aircraft at Tokyo’s Haneda airport on Tuesday, but five of the six crew of the coast guard plane …
Posted: Jan 02, 2024
Climate change is making it harder to accurately predict extreme weather events, said Australia’s agriculture minister Murray Watt, amid criticism the country’s meteorology department failed to provide timely warnings of this week’s...
Posted: Jan 02, 2024
About 10% of property/casualty insurance losses can be traced to fraud, according to the industry’s Coalition Against Insurance Fraud. Insurance Journal publishes an average of 22 fraud stories a month. Insurance Journal reporting in 2023 showe...
Posted: Jan 02, 2024
Britain’s push to become a “space superpower” is being undermined by political disarray and weak domestic investment, while showing how the nation needs international partners more than ever post-Brexit. In a case study of UK indust...
Posted: Jan 02, 2024
At least 30 people were killed and scores injured in a powerful earthquake that hit off the Noto Peninsula on Japan’s northwest coast, toppling buildings, buckling roads and triggering a blaze that ripped through a city. One of the places ̷...
Posted: Jan 02, 2024
The death toll from a powerful earthquake that toppled buildings in the Noto Peninsula on Japan’s northwest coast rose to nearly 50 as rescue workers searched for survivors trapped under rubble. One of the places hardest hit from Monday’s...
Posted: Jan 02, 2024
Data breaches, lawsuits, and ongoing conversations about cyber war exclusions gave Insurance Journal readers much to talk about regarding cyber insurance in 2023. While news of cyber acquisitions, the major themes to look out for in the coming year,...
Posted: Jan 02, 2024
A groundbreaking ruling, high-stakes lawsuits and a noteworthy protest — Insurance Journal’s reporting on the employment practices liability insurance landscape covered a lot of ground in 2023. Below is a selection of the most-viewed EPLI stori...
Posted: Jan 02, 2024
Florida-based Brown & Brown Insurance, ranked as the sixth-largest independent brokerage in the country, has acquired Caton-Hosey Insurance, a personal and business-lines agency in Port Orange, Florida. The agency was founded in 1948 and has been...
Posted: Jan 02, 2024
After an Allstate Insurance investigation alleged that a well-known Florida pain clinic had conspired with an injury law firm and had fraudulently billed the auto insurer for unnecessary surgeries and risky procedures, Allstate took the unusual step...
Posted: Jan 02, 2024