Insurance Journal
Jensten, the London-based independent insurance broking group, has acquired Scrutton Bland Insurance Brokers for an undisclosed amount. The deal brings a team of more than 50 across two additional offices and GWP of £22 million to Jensten. Based in I...
Posted: Dec 13, 2023
The cost of shipping goods through the Red Sea is rising as Yemen’s Houthis step up attacks on ships they deem connected to Israel with fears of a spillover that could disrupt global supplies sailing through the region, industry sources …
Posted: Dec 13, 2023
Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing global consumption of fossil fuels to avert the worst of climate change, a first of its kind deal signaling the eventual end of the …
Posted: Dec 13, 2023
Infrastructure investors face losing nearly a third of their money, or around $600 billion, if countries do not plan for an orderly shift to a greener economy by mid-century, a first-of-its-kind study shared with Reuters showed. The researchers descr...
Posted: Dec 13, 2023
Google’s stunning defeat in a legal battle with “Fortnite” maker Epic Games may clear the way for rival app stores on its Android mobile system but a lengthy appeals process will likely prevent any changes for years, according to an...
Posted: Dec 13, 2023
According to a new survey released today by Trusted Choice—the national consumer brand representing the members of the Independent Insurance Agents & Brokers of America (the Big I)—nearly 70% of American are shopping their insurance policies to f...
Posted: Dec 13, 2023
Things are looking up in the buffeted Florida market, but reinsurance rates will continue to rise for the next two years, and a 2024 hurricane season could be busy. It all suggests that property insurers will continue to get creative …
Posted: Dec 13, 2023
Things are looking up in the buffeted Florida market, but reinsurance rates will continue to rise for the next two years, and a 2024 hurricane season could be busy. It all suggests that property insurers will continue to get creative …
Posted: Dec 13, 2023
A former Florida claims adjuster has been sentenced to five years in prison and three years of probation for her role in a scheme to rob alleged drug dealers in the Tampa area. Jasmine Weber, 28, of Tampa, a former …
Posted: Dec 13, 2023
A horse and buggy collided with a pickup truck at an intersection in Maryland, ejecting all four passengers of the buggy and seriously injuring two, authorities said. The buggy was stopped at the intersection Sunday afternoon when the horse “un...
Posted: Dec 13, 2023
A report from the Oregon Department of Consumer and Business Services for the third quarter shows a rise in work-related compensable fatalities. The department’s Quarterly Fatality report for the third quarter 2023 measures these workplace fata...
Posted: Dec 13, 2023
A six-story corner of a Bronx apartment building collapsed Monday afternoon, leaving apartments exposed like a stack of shelves, according to authorities and bystander and news video. There were no reports of injuries by early evening, but firefighte...
Posted: Dec 13, 2023
Firefighters said they didn`t find anybody trapped in an enormous mound of rubble Monday after a corner of a seven-story Bronx apartment building collapsed, leaving apartments exposed like a stack of shelves and a convenience store partly buried unde...
Posted: Dec 13, 2023
A former First Republic Bank cloud engineer in San Francisco was sentenced to two years in prison for vandalizing the company’s computer network after he was fired in 2020. Miklos Daniel Brody logged into the bank’s network without author...
Posted: Dec 12, 2023
Texas Attorney General Ken Paxton has obtained a settlement with Blackbaud, Inc. (“Blackbaud”) to ensure that the South Carolina-based software provider corrects its deficient data security privacy practices and is prepared to respond pro...
Posted: Dec 12, 2023
Texas Attorney General Ken Paxton has obtained a settlement with Blackbaud, Inc. (“Blackbaud”) to ensure that the South Carolina-based software provider corrects its deficient data security privacy practices and is prepared to respond pro...
Posted: Dec 12, 2023
Society Insurance, headquartered in Fond du Lac, Wis., named Ryan Haase as vice president – change management and marketing and Dennis Saldana as vice president – chief sales and underwriting officer on its executive team. Haase joined Society Insura...
Posted: Dec 12, 2023
As claim severity rises, US personal auto results are on the decline, according to AM Best’s latest Market Segment Report. The 112.2 net combined ratio in 2022 for personal auto was an almost 11-point deterioration from 101.5 in 2021, and ̷...
Posted: Dec 12, 2023
With Christmas and New Year’s around the corner, the Insurance Council of Texas is providing Texas with tips to protect themselves, their homes and their vehicles this holiday season. ITC reminds Texans that with an increase in festive activiti...
Posted: Dec 12, 2023
An Iowa bail bondsman has pled guilty to insurance fraud and identity theft. David Mark Ellis of Spring Hill, Iowa, pled guilty in Polk County District Court to two counts of Identity Theft (Aggravated Misdemeanors) and one count of Insurance …
Posted: Dec 12, 2023
Arthur J. Gallagher & Co. announced the acquisition of Palos Heights, Illinois-based Hunt Insurance Agency, Inc., dba Hunt Insurance Group. Terms of the transaction were not disclosed. Hunt Insurance Group is a retail property/casualty agency spe...
Posted: Dec 12, 2023
A bill introduced by a Democrat and trial attorney would take a step toward something that property insurers have longed for in recent years – actual cash value coverage on roofs, at least condominium roofs. State Rep. Hillary Cassel, D-Dania …
Posted: Dec 12, 2023
A bill introduced by a Democrat and trial attorney would take a step toward something that property insurers have longed for in recent years – actual cash value coverage on roofs, at least condominium roofs. State Rep. Hillary Cassel, D-Dania …
Posted: Dec 12, 2023
This edition of International People Moves details appointments at DUAL France and Chubb’s Overseas General Insurance unit. A summary of these new hires follows here. DUAL Europe Taps Hiscox’s Hervé to Launch and Lead French Unit DUAL Eur...
Posted: Dec 12, 2023
Insurance company GEICO has filed suit against a New York pharmacy and five medical clinics and their owners alleging they perpetrated a fraudulent scheme under the New York no-fault insurance system by submitting more than $3.7 million in fraudulent...
Posted: Dec 12, 2023