Insurance Journal
The University of Pennsylvania was sued by a pair of students who claim the campus was a hotbed of antisemitism even before Hamas attacked Israel on Oct. 7. Penn became the third major US college, after New York University and …
Posted: Dec 06, 2023
Persistently strong underwriting performance during and after the global pandemic – despite substantial economic and capital markets volatility – has prompted AM Best to maintain its “stable” outlook for the US property/casualty commercia...
Posted: Dec 06, 2023
A magnitude 5.1 earthquake on the Big Island of Hawaii was felt widely, but there were no reports of damage or injury, officials said. The earthquake hit at 5:54 p.m.on Monday near the Kilauea volcano at a depth of 1 …
Posted: Dec 06, 2023
Denver-based insurance brokerage IMA Financial Group reports it is expanding its employee benefits practice nationally with the acquisition of EBS Insurance Brokers of Newton, Massachusetts. EBS and its 30 employees offer health and welfare plan admi...
Posted: Dec 06, 2023
Solar farms around the world are under threat due to costly hailstorm-related claims, according to renewable energy underwriter GCube Insurance. Hail was the costliest category for insurance claims by the renewables industry in the last five years, a...
Posted: Dec 06, 2023
Five major global “tipping points” are in danger of being crossed at current levels of warming, a new study warns, leaving humanity at an inflection point between two potential futures. An international team of more than 200 researchers i...
Posted: Dec 06, 2023
Bayer was ordered on Tuesday to pay nearly $3.5 million by a Philadelphia jury that found the company’s Roundup weedkiller caused a woman’s cancer, the company said, the latest in a string of trial losses for the company as it …
Posted: Dec 06, 2023
JACKSONVILLE, Fla. (AP) — Family members of three Black people fatally shot at a Dollar General store in north Florida by a racist gunman have sued the store’s landlord, operator and security contractor for negligence, claiming lax securi...
Posted: Dec 06, 2023
JACKSONVILLE, Fla. (AP) — Family members of three Black people fatally shot at a Dollar General store in north Florida by a racist gunman have sued the store’s landlord, operator and security contractor for negligence, claiming lax securi...
Posted: Dec 06, 2023
Indian businessman Prateek Gupta asked a London judge on Tuesday to lift an order freezing his personal and business assets, alleging that commodity trader Trafigura failed to disclose full information when it sought the injunction. In a court docume...
Posted: Dec 06, 2023
Staff at Trafigura Group worked with alleged fraudster Prateek Gupta to ensure that their dealings would not raise the suspicion of key lender Citigroup Inc., according to messages made public in the court battle between the two sides. The revelation...
Posted: Dec 06, 2023
Insurers are heavily exposed to the impact of climate change and also face risk from their alternative investments in reinsurance, the International Association of Insurance Supervisors said in a report on Wednesday. Insurers continue to have “...
Posted: Dec 06, 2023
Fresh attacks on vessels in the Red Sea are raising insurance premiums for ships in the region and menacing commerce in a conduit for 12% of world trade. War-risk premiums for some vessels have been climbing since shortly after the …
Posted: Dec 06, 2023
NOW Insurance, an artificial intelligence-enabled commercial insurance platform specializing in medical professional liability coverage, recently launched coverage for physicians and physician groups in their online platform. Select brokers can now s...
Posted: Dec 06, 2023
Television networks are tapping into a mounting challenge affecting many US homeowners: Rebuilding after disasters. Rachael Ray — the chef whose TV programs on quick dinners gained popularity in the early 2000s — has created a new show called Rachael...
Posted: Dec 06, 2023
A group of Catholic nuns have sued the board of Smith & Wesson to try to force the gunmaker to abandon the manufacture, marketing and sales of assault-style rifles that have been used in U.S. mass shootings. The nuns, in …
Posted: Dec 06, 2023
Florida’s insurance commissioner and the National Association of Mutual Insurance Companies are pushing back against a plan by the U.S. Treasury to collect data from insurers on risks from climate change, calling it “federal overreach,...
Posted: Dec 06, 2023
A Pennsylvania credit union employee who set a fire in order to file an insurance claim for money she had earlier embezzled has been sentenced to 30 months in prison. U.S. Attorney Eric G. Olshan announced that Patty Lynn Mavrakis, …
Posted: Dec 06, 2023
A fiery crash on Interstate 93 in New Hampshire set off hundreds of rounds of ammunition before firefighters were able to douse the blaze, state police said. State Police received a report of a vehicle being driven erratically Saturday afternoon R...
Posted: Dec 06, 2023
kWh Analytics, headquartered in San Francisco, Calif., named Isaac McLean as the company’s chief underwriting officer. McLean has more than 18 years of insurance experience, previously serving as head of property insurance at kWh Analytics. Bef...
Posted: Dec 06, 2023
The Environmental Protection Agency on Saturday finalized a long-anticipated climate regulation that will require oil and gas operators to dramatically reduce how much methane, a potent greenhouse gas, is escaping from equipment in many oil fields ac...
Posted: Dec 05, 2023
World Insurance Associates LLC announced that it acquired the business of American Trust Insurance, LLC (“ATI”) of Huron, South Dakota on December 1, 2023. Terms of the transaction were not disclosed. ATI was founded in 2004, and today it...
Posted: Dec 05, 2023
This edition of International People Moves details appointments at Aon and Markel. A summary of these new hires follows here. Aon Promotes Clarke to Head of Renewables, Global Broking Centre & UK Insurance broker Aon plc announced the promotion o...
Posted: Dec 05, 2023
The Clear Group, the London-based independent broker, announced it has acquired the entire general insurance book of regional broker P W White & Partners Ltd. Financial details of the deal were not disclosed. The transaction does not include the...
Posted: Dec 05, 2023
An explosion tore through a house in Arlington, Virginia Monday evening after police spent hours attempting to get the occupant who was shooting a flare gun to stop shooting and come outside. At approximately 4:45 p.m., the Arlington County police &#...
Posted: Dec 05, 2023