Insurance Journal
Weather, windshields and reform were the most-read Insurance Journal stories for Florida readers in 2023, continuing a trend seen in recent years as insureds, insurers and lawmakers continued to manage the property insurance crisis in the Sunshine St...
Posted: Jan 02, 2024
The Washington State Department of Labor & Industries filed a formal update to workplace safety rules designed to prevent catastrophic events the Tesoro explosion that killed seven workers in 2010 and the Equilon incident in 1998 that killed six....
Posted: Jan 02, 2024
New Jersey officials have introduced measures to implement flood risk disclosure legislation signed into law by Governor Phil Murphy last June. The measures include new property disclosure forms notifying buyers and tenants of a property’s know...
Posted: Jan 02, 2024
New York Gov. Kathy Hochul has again vetoed legislation that would have changed the state’s wrongful death statute by letting families recover damages for emotional suffering from the death of a loved one. Hochul declined Friday to sign the Gri...
Posted: Jan 02, 2024
New York Gov. Kathy Hochul has again vetoed legislation that would have changed the state’s wrongful death statute by letting families recover damages for emotional suffering from the death of a loved one. Hochul declined Friday to sign the Gri...
Posted: Jan 02, 2024
Ceding companies are finding that a responsive reinsurance market has materialized for the Jan. 1, 2024 renewals – a reflection of ample capacity and a commercial approach to trading partnerships, according to Guy Carpenter, the reinsurance business...
Posted: Dec 29, 2023
JACKSON, Miss. (AP) — The Mississippi Department of Health said Wednesday that “a large number” of medical marijuana products are on hold so they can be retested. The department first issued the hold on Dec. 21. A news release from...
Posted: Dec 29, 2023
MIAMI (AP) — Emergency workers in south Florida this week tried to rescue a 71-year-old pilot of a helicopter that crashed into a canal. The man’s daughter swam to safety but the pilot could not be saved, according to news …
Posted: Dec 29, 2023
Aspire General Insurance Company, headquartered in Rancho Cucamonga, Calif., named Bilal Alam actuary and chief data officer and Tom Newgarden as an Aspire board member. Alam previously served as vice president and head of reinsurance at National Gen...
Posted: Dec 29, 2023
Property/casualty insurer Hallmark Financial Services said it has voluntarily delisted from Nasdaq after failing to meet requirements to remain on the stock exchange. Hallmark on Dec. 26 provided notice to Nasdaq. The company said its shares will be...
Posted: Dec 29, 2023
Extreme weather in Germany again caused high insurance claims this year, with an estimated price tag of €4.9 billion (US$5.4 billion) during 2023, according to the German Insurance Association (GDV). This extreme weather – also known as severe convec...
Posted: Dec 29, 2023
A petition to invoke appraisal is not the same thing as a motion to compel arbitration, the Alabama Supreme Court ruled Friday. The high court dismissed an appeal by Great American Insurance Co. that sought to overturn a trial court’s …
Posted: Dec 29, 2023
The Securities and Exchange Commission’s failure to complete an ambitious climate-related agenda in 2023 is making environmental activists nervous. Less than a year before a US presidential election that could scuttle the regulator’s envi...
Posted: Dec 29, 2023
Hapag-Lloyd will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the German container shipper said on Friday, adding a further assessment would be made on Jan. 2. Mitsui O.S.K. Lines and Nippon Yusen, ...
Posted: Dec 29, 2023
A storm that battered the UK with high winds and heavy snow damaged houses, canceled trains and left thousands of people without electricity Thursday across Scotland and parts of northern England. Workers dealt with wind speeds of 80 miles per …...
Posted: Dec 29, 2023
Less than a month after New York insurance regulators said a title insurer would pay $1 million for violations of a cybersecurity regulation stemming from a 2019 breach, the holding company for the insurer revealed a more recent cybersecurity inciden...
Posted: Dec 29, 2023
When you buy eyedrops at a U.S. store, you might assume you’re getting a product made in a clean, well-maintained factory that’s passed muster with health regulators. But repeated recalls involving over-the-counter drops are drawing new a...
Posted: Dec 29, 2023
Alphabet’s Google has agreed to settle a lawsuit claiming it secretly tracked the internet use of millions of people who thought they were doing their browsing privately. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, put a...
Posted: Dec 29, 2023
Chinese lawmakers changed the country’s Company Law by setting tougher capital rules for registering a new firm, an effort to close loopholes in corporate governance and prevent financial risks. The revised law takes effect July 1, 2024, the of...
Posted: Dec 29, 2023
Chinese online retailer JD.com said on Friday that it won a lawsuit against rival Alibaba, which was fined 1 billion yuan ($140.68 million) for monopolistic practices. The High People’s Court of Beijing ruled that Alibaba Group Holding Ltd. alo...
Posted: Dec 29, 2023
MINNEAPOLIS (AP) – Attorneys for a woman who was denied emergency contraception in 2019 told the Minnesota Court of Appeals Thursday that the pharmacist who refused to fill the prescription discriminated against her on the basis of her sex. But ̷...
Posted: Dec 29, 2023
Devouring books from a young age, Sheena Almaera Maryam had been excited about her first day of kindergarten near Jakarta. But when she developed a fever in September 2022, the syrup she was prescribed turned out to be toxic. It …
Posted: Dec 29, 2023
Yes, another year has flown by, and it’s once again time for the top 10 international Insurance Journal stories of 2023. This year, they are a real hodgepodge of topics, ranging from hard market trends, to faulty wind turbines, to …
Posted: Dec 29, 2023
With a few days left to go until next year, it can be said that 2023 has officially shattered climate records. A World Meteorological Organization provisional State of the Global Climate report confirmed that 2023 is set to be the …
Posted: Dec 29, 2023
Auto insurers again in 2023 had a lot of trouble battling several headwinds preventing them from turning a profit. The topic was one of many in which readers of Insurance Journal kept a close eye. Other than the trials of …
Posted: Dec 29, 2023