Insurance Journal
ETNA, Ohio (AP) – A charter bus carrying students from a high school was rear- ended by a semi-truck on an Ohio highway Tuesday morning, leaving three people dead and 15 others injured, according to an emergency official. The charter …
Posted: Nov 15, 2023
Drought, heat, hail, rain and freezing temperatures – the five horsemen of crop insurance. A new report from EWG found that crop insurance payouts for the top five weather-related losses totaled over $118.7 billion between 2001 and 2022, making up &#...
Posted: Nov 15, 2023
ORLANDO, Fla. (AP) — Disney on Tuesday released a study showing its economic impact in Florida at $40.3 billion as it battles Florida Gov. Ron DeSantis and his appointees over their takeover of the district that governs the entertainment compan...
Posted: Nov 15, 2023
Donald Trump’s lawyers on Wednesday urged a New York judge to declare a mistrial in a civil fraud case over his family real estate company’s business practices, but the former U.S. president faces long odds of getting a new trial. …
Posted: Nov 15, 2023
ORLANDO, Fla. (AP) — A plan to prohibit a pro-Palestinian student group from state university campuses in Florida has been temporarily shelved while officials reassess the proposal. State University System Chancellor Ray Rodrigues said Thursday...
Posted: Nov 15, 2023
The U.S. Securities and Exchange Commission (SEC) filed 784 enforcement actions in the fiscal year that ran through September, garnering $4.95 billion in penalties and other financial remedies, the agency said in a statement on Tuesday. The total fin...
Posted: Nov 15, 2023
The Florida Office of Insurance Regulation and the state insurance commissioner have approved a 15.1% average decrease in workers’ compensation rates, despite calls from roofing contractors to freeze rates for a while. The decrease takes effect...
Posted: Nov 15, 2023
Moody’s RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between US$2.5 billion and US$4.5 billion. On the other hand, Verisk puts insured losses at US$3 Billion to US$6 Billion....
Posted: Nov 15, 2023
Arson was the cause of a massive weekend fire that charred and indefinitely closed a vital section of a Los Angeles freeway, causing major traffic headaches for hundreds of thousands of commuters, California authorities said. Gov. Gavin Newsom said i...
Posted: Nov 15, 2023
Global insurance broker WTW appointed Brad Messinger as leader of the financial institutions and professional services (FI&PS) industry division. Messinger will assume this role on January 1 while continuing his current duties as the region leade...
Posted: Nov 15, 2023
Hundreds of thousands of British homes will miss out on flood protections in the next few years as spending has been affected by Brexit, inflation and the pandemic, according to the National Audit Office. In 2020, the Department for Environment, R...
Posted: Nov 15, 2023
AM Best does not believe artificial intelligence is the main cause of recent insurance industry layoffs. In commentary released today, the credit rating agency wrote that “it is too soon to cite AI as the leading cause of the job …
Posted: Nov 15, 2023
This edition of International People Moves details appointments at SiriusPoint and Pro MGA Global Solutions. A summary of the new hires follows here. SiriusPoint Taps RSA’s Hardy as Director of Sales & Distribution, Int’l SiriusPoint...
Posted: Nov 15, 2023
Chubb announced the launch of a new media insurance product for clients in the United Kingdom. Alongside the launch, Chubb has also rebranded its existing UK Technology Industry Practice as the Technology and Media Practice to reflect its new focus....
Posted: Nov 15, 2023
The data is out there. The challenge is how to amass it, standardize it and make it useful. Taylor Rhodes, CEO of Applied Systems, stopped by the On Point podcast with host Peter Aartrijk to talk about the future of …
Posted: Nov 15, 2023
Yemen’s Houthi leader said on Tuesday his forces would make further attacks on Israel and they could target Israeli ships in the Red Sea and the Bab al-Mandeb Strait. The Iran-aligned group made several missile and drone attacks against Israel...
Posted: Nov 15, 2023
Ukraine and Britain have agreed on a special mechanism for discounts on war risk insurance on exports through the Black Sea corridor, which has helped transport almost 4 million metric tons of goods since August, Ukrainian officials said on Tuesday....
Posted: Nov 15, 2023
Ukraine is starting an insurance program with broker Marsh McLennan and Lloyd’s of London to provide cover for grain vessels sailing from Ukraine’s deep-sea ports, just days after a ship was hit by a Russian missile. The country is launch...
Posted: Nov 15, 2023
Another billion-dollar disaster was confirmed in October, bringing the total to a record 25 such disasters in the first 10 months — the largest number of disasters for any year since NOAA began tracking the events. These disasters included 19 …
Posted: Nov 15, 2023
W.R. Berkley Corporation Names Balch President of Berkley Technology Underwriters W.R. Berkley Corporation, headquartered in Greenwich, Conn., appointed Christopher H. Balch as president of Berkley Technology Underwriters, a Berkley company. He succe...
Posted: Nov 15, 2023
Many American construction firms are failing to implement obvious and inexpensive safety measures that could save lives, reduce injuries and avoid costly insurance claims. And many insurers are failing to nudge their insured contractors to be proacti...
Posted: Nov 15, 2023
Many American construction firms are failing to implement obvious and inexpensive safety measures that could save lives, reduce injuries and avoid costly insurance claims. And many insurers are failing to nudge their insured contractors to be proacti...
Posted: Nov 15, 2023
Many American construction firms are failing to implement obvious and inexpensive safety measures that could save lives, reduce injuries and avoid costly insurance claims. And many insurers are failing to nudge their insured contractors to be proacti...
Posted: Nov 15, 2023
Many American construction firms are failing to implement obvious and inexpensive safety measures that could save lives, reduce injuries and avoid costly insurance claims. And many insurers are not nudging their insured contractors to be proactive an...
Posted: Nov 15, 2023
The race for an open seat on Pennsylvania`s highest court initially resembled the sleepy contests that had played out for decades: low turnout, little media coverage and just enough spending to afford some biographical TV ads on cable. Then attack &#...
Posted: Nov 15, 2023