Insurance Journal

Trump Children to Testify in New York Civil Trial

Ivanka Trump’s testimony at her father’s New York civil fraud trial is being delayed until next week so there is sufficient time for her to be questioned, a judge said Monday. Former President Donald Trump’s eldest daughter had been...

Posted: Nov 01, 2023

Trump Siblings to Testify in New York Civil Trial

Ivanka Trump’s testimony at her father’s New York civil fraud trial is being delayed until next week so there is sufficient time for her to be questioned, a judge said Monday. Former President Donald Trump’s eldest daughter had been...

Posted: Nov 01, 2023

Bayer Investor Calls for Rethink After Latest Glyphosate Defeat

Bayer investor Union Investment said on Wednesday the German group should reconsider its litigation strategy for glyphosate after it lost a trial over the weed killer’s alleged carcinogenic effects for a third time in a row. A California jury o...

Posted: Nov 01, 2023

China Eases Investment Rules for Insurers in Bid to Boost Flows Into Stocks

China has taken a move that effectively allows insurance firms to make longer-term investment in shares, adding to a drumbeat of support measures to revitalize the country’s stock market. The Ministry of Finance will from now on evaluate insure...

Posted: Nov 01, 2023

Insurance Premiums Are Big Driver of Australian Inflation

Australian inflation is being driven by climate change, geopolitical shocks and government policies — factors typically beyond the Reserve Bank’s control. Yet economists still anticipate it will have to respond with monetary tightening as soon...

Posted: Nov 01, 2023

NFP Acquires Ireland-Based Health and Safety Consultancy, SeaChange Ltd.

NFP, a New York City-based property/casualty broker, announced it has acquired SeaChange Ltd., a health and safety consultancy based in Naas, County Kildare, in Ireland. This acquisition expands NFP’s European health and safety capabilities and...

Posted: Nov 01, 2023

Death Toll Lowered to 7 in Louisiana Super Fog Highway Crashes Involving 160 Vehicles

NEW ORLEANS (AP) – The death toll from last week’s series of highway crashes blamed on a “super fog” of smoke from marsh fires mixed with dense fog has been lowered from eight to seven people, according to Louisiana State …

Posted: Nov 01, 2023

Tesla Cleared of Fault in Fatal Chinese Crash: Local Media Reports

A Chinese court has ruled a Tesla Inc. vehicle wasn’t the cause of a 2022 accident that killed two people and injured three others, Shanghai Securities News reported. The automaker had sued a social media influencer who alleged the crash &#8230...

Posted: Nov 01, 2023

Alliant Acquires Oklahoma’s 3IG & The Arrow Group

Alliant Insurance Services has acquired 3000 Insurance Group (3IG), a retail property and casualty (P&C) insurance and employee benefits firm based in Oklahoma City, Oklahoma. Joining the Alliant Americas division, 3IG provides commercial risk ma...

Posted: Nov 01, 2023

Ending Polarization and Building Future Leaders: Travelers CEO

Challenges facing today’s business leaders include keeping pace with rapid change, the leader of Travelers said last week while also going out of his way to cast light on a serious obstacle to forward progress: polarization. “I think it&#...

Posted: Nov 01, 2023

SolarWinds Staff Warned About Security Holes Before Russia Hack

Well before Russia’s audacious cyberattack that exploited SolarWinds Corp.’s software was made public, several employees allegedly raised red flags about holes in the company’s security. Their warnings, documented in a lawsuit filed...

Posted: Nov 01, 2023

Ravaged Fort Myers Becomes Magnet for Risk-Taking Property Buyers

A year after Hurricane Ian ripped through southwest Florida, wealthy risk-takers are transforming one beach town. In Fort Myers Beach, many of the middle-class cottages that once dotted the Estero Island town were wiped off the map. Ian killed 21 &#8...

Posted: Nov 01, 2023

Averted Disaster on Flight that Landed in Oregon Renews Scrutiny of Mental Health in Cockpit

What authorities describe as an off-duty pilot`s attempt to shut down the engines of a Horizon Air flight with more than 80 people on board has renewed attention on the mental fitness of those allowed in the cockpit. Joseph Emerson, …

Posted: Nov 01, 2023

Averted Disaster on Horizon Air Flight Renews Scrutiny of Mental Health in Cockpit

What authorities describe as an off-duty pilot`s attempt to shut down the engines of a Horizon Air flight with more than 80 people on board has renewed attention on the mental fitness of those allowed in the cockpit. Joseph Emerson, …

Posted: Nov 01, 2023

New York State Distributes $190M in Opioid Settlement Funds

Governor Kathy Hochul announced that New York has made available approximately $192.8 million provided in the first year of the opioid settlement agreements to support a variety of prevention, treatment, harm reduction, and recovery initiatives to he...

Posted: Nov 01, 2023

Actor Robert De Niro Tells Jury That Ex-Assistant’s Lawsuit Is ‘Nonsense’

Robert De Niro testified Monday in New York City at a trial resulting from a former personal assistant’s lawsuit accusing the actor of being an abusive boss. De Niro, who at times appeared grouchy, restrained himself from erupting at the &#8230...

Posted: Nov 01, 2023

People Moves: Markel Hires Senior Leaders for Casualty, Professional, Financial Risk Teams in Austra...

This edition of International People Moves details appointments at Markel in Australia and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Markel Hires Senior Leaders in Australia for Casualty, Professional,...

Posted: Oct 31, 2023

Florida Senator Raising Eyebrows with Pitch for Investment in New Insurance Company

Florida state Sen. Joe Gruters, R-Sarasota, has sparked some controversy by pitching investment opportunities in a startup property insurance company in Florida. This may be a good time for a new business venture by an insurer – with higher rates &#8...

Posted: Oct 31, 2023

Delivery Worker’s PTSD Claim Against Five Guys and Maintenance Firm to Go to Jury

A food delivery worker who encountered two weapon-wielding maintenance workers surprised by his presence in a Five Guys hamburger eatery can bring negligence claims against the restaurant and the maintenance company over his mental trauma. The federa...

Posted: Oct 31, 2023

Alliance of 40 Countries to Vow Not to Pay Ransom to Cybercriminals

Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers’ funding mechanism, a senior White House official said on Tuesday. The International Counter Ransomwar...

Posted: Oct 31, 2023

Mission Underwriters US Welcomes Jim Dwane as New Chief Executive Officer

October 31, 2023, Scottsdale, AZ – Mission Underwriting Managers (‘Mission’) a leading insurance program administrator, today announced the appointment of Jim Dwane as its new Chief Executive Officer, effective immediately. This cha...

Posted: Oct 31, 2023

Tech Update: AXA XL Launches Solution to Evaluate and Manage Water Risks

AXA XL Risk Consulting announced the launch of its Water Impact and Sustainability Evaluation (WISE) tool – a remote, customizable solution which helps risk managers to understand, evaluate and act on water risks. Amid a changing climate, water risks...

Posted: Oct 31, 2023

UK Braces for Storm Ciaran With London on Alert for Hurricane Strength Wind Gusts

The UK is bracing for a second major storm in two weeks with hurricane-strength wind gusts and rain potentially disrupting travel and causing damage to buildings. Storm Ciaran will hammer southern parts of England and Wales — including London — &#823...

Posted: Oct 31, 2023

UK Braces for Storm Ciaran With London on Alert for Hurricane-Strength Wind Gusts

The UK is bracing for a second major storm in two weeks with hurricane-strength wind gusts and rain potentially disrupting travel and causing damage to buildings. Storm Ciaran will hammer southern parts of England and Wales — including London — &#823...

Posted: Oct 31, 2023

Western Europe Braces for Worst Storm of Season With Hurricane-Strength Wind Gusts

Western Europe is bracing for the worst storm so far this season with hurricane-strength wind gusts and rain potentially disrupting travel and causing damage to buildings. Storm Ciaran will bring heavy rain and intense winds from Spain to France and...

Posted: Oct 31, 2023