Insurance Journal
Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance market had strong links to the trade. Lloyd’s also...
Posted: Nov 08, 2023
The number of insurance claims filed for catalytic converter thefts plummeted this year after rising dramatically in 2021 and 2022. National Insurance Crime Bureau data shows that as of Sept. 30, the number of claimed catalytic converter thefts avera...
Posted: Nov 08, 2023
Iowa will pay $10 million to the siblings of an adopted 16-year-old girl who weighed just 56 pounds (25 kilograms) when she died of starvation in 2017, according to a state board that approved the settlement Monday. Sabrina Ray was …
Posted: Nov 08, 2023
Marsh McLennan appoints Potter US and Canada Chief Commercial Officer Marsh McLennan, headquartered in New York, N.Y., appointed Susan Potter as U.S. and Canada commercial officer. Based in Washington, D.C., Potter brings more than 25 years of commer...
Posted: Nov 08, 2023
Marsh McLennan Appoints Potter US and Canada Chief Commercial Officer Marsh McLennan, headquartered in New York, N.Y., appointed Susan Potter as U.S. and Canada commercial officer. Based in Washington, D.C., Potter brings more than 25 years of commer...
Posted: Nov 08, 2023
The U.S. Federal Aviation Administration (FAA) said on Monday it would hold runway safety meetings at 16 additional airports in the coming weeks after a series of troubling close-call aviation incidents. In August, the FAA said it was holding meeting...
Posted: Nov 08, 2023
Following two years of high but stable loss activity, 2023 has seen a “worrying resurgence” in ransomware and extortion claims as the cyber threat landscape continues to evolve, Allianz Commercial writes in a new report. The business insu...
Posted: Nov 08, 2023
Following two years of high but stable loss activity, 2023 has seen a “worrying resurgence” in ransomware and extortion claims as the cyber threat landscape continues to evolve, Allianz Commercial writes in a new report. The business insu...
Posted: Nov 08, 2023
It’s rare for a property insurance company to emerge from an orderly runoff and re-enter the marketplace as a going concern. In fact, it has never happened in Florida, industry experts say. But that may be what is about to …
Posted: Nov 08, 2023
SureChoice Underwriters Reciprocal Exchange (SURE), a policyholder-owned coastal insurer, in partnership with SageSure, a large managing general underwriters focused on catastrophe-exposed markets, has announced its expansion to the South Carolina co...
Posted: Nov 08, 2023
LTC Performance Strategies Inc. in Southern California has been acquired by IMA Financial Group. Following the acquisition, LTC’s leadership will join IMA. LTC will become LTC, an IMA company and will maintain its headquarters in Valencia, Cali...
Posted: Nov 08, 2023
The Nevada Supreme Court has pushed back to Jan. 10 the date for oral arguments in a contract interference and conspiracy lawsuit filed against the NFL by former Las Vegas Raiders coach Jon Gruden. Postponement of the hearing, originally scheduled &#...
Posted: Nov 08, 2023
Self-driving car companies could face criminal action in the UK if their vehicles fail to meet safety standards in the most serious cases. New legislation, introduced in today’s speech by King Charles III, who arrived at parliament in a horse-d...
Posted: Nov 07, 2023
NEW ORLEANS (AP) – An upcoming sale of federal Gulf of Mexico oil and gas leases was officially postponed last week amid legal fights over protections for an endangered species of whale. A federal appellate panel last week paused a …
Posted: Nov 07, 2023
The Texas Windstorm Insurance Association (TWIA) expects policy count to continue to grow in 2024, the association’s Board of Directors said at an Oct. 31 meeting to review information related to the 2024 budget. Policies in-force are projected...
Posted: Nov 07, 2023
Warner Pacific announced that it has expanded into Minnesota by successfully completing its acquisition of BeneUSA LLC (“BeneUSA”), an Excelsior-based employee benefits General Agency specializing in ancillary group insurance products and...
Posted: Nov 07, 2023
Alliant Insurance Services, headquartered in Irvine, Calif., has named James Spears senior vice president within its Alliant Americas division. He is based in Kansas City, Mo. Spears has over 15 years of experience in property and casualty and risk m...
Posted: Nov 07, 2023
CHICAGO (AP) – A former hockey player in the Chicago Blackhawks organization has alleged in a lawsuit the team`s former video coach sexually assaulted him during the 2009-10 season and the Blackhawks responded inadequately to his complaint because it...
Posted: Nov 07, 2023
COLUMBUS, Ohio (AP) – Voters in Ohio will decide next week whether to legalize recreational marijuana, but people on both sides of the issue say more hangs in the balance than simply decriminalizing the drug. Supporters of legalization say Ohio ̷...
Posted: Nov 07, 2023
This edition of International People Moves details appointments at the brokers Howden Tiger and Miller. A summary of these new hires follows here. Howden, the London-based insurance group, announced the appointment of Enrico Bertagna as managing dire...
Posted: Nov 07, 2023
Alliant Insurance Services, a major distributor based in California, has named Kyle Sullivan vice president for its Americas Division, based in Tampa, Florida. Sullivan will oversee providing risk management and property and casualty insurance covera...
Posted: Nov 07, 2023
Alliant Insurance Services, a major distributor based in California, has named Kyle Sullivan vice president for its Americas Division, based in Tampa, Florida. Sullivan will oversee providing risk management and property and casualty insurance covera...
Posted: Nov 07, 2023
The Florida Office of Insurance Regulation wants property insurers to remember that another deadline for enhanced catastrophe reporting on Hurricane Idalia claims is Nov. 16. The OIR is required by law to collect a range of data on hurricane claims....
Posted: Nov 07, 2023
Keller, Lynn Join MEMIC Express Team MEMIC, headquartered in Portland, Maine, hired E.K. Keller as express business segment leader in the Eastern region and Keith Lynn as production underwriter in the company’s Southeast territory. Keller began...
Posted: Nov 07, 2023
TikTok must “spare no effort” to counter the spread of disinformation on the short video sharing app, EU industry chief Thierry Breton told the company’s CEO on Monday, as the European Union steps up its efforts to curb the powers &...
Posted: Nov 07, 2023