Insurance Journal

Hannover Re’s Germany Unit Expects Further Price Hikes at January Renewals

E+S Rückversicherung AG, the Hannover Re subsidiary responsible for the group’s German business, expects further price increases and improved conditions during the Jan. 1, 2024 reinsurance renewals. Natural disasters and persistently high infla...

Posted: Oct 23, 2023

Two Children Die in Middle Tennessee House Fire

MILLERSVILLE, Tenn. (AP) — Two children died in a blaze that broke out early Wednesday at a Middle Tennessee home, officials said. The children were in the Millersville home with one parent when the fire was reported around 1:15 a.m., …

Posted: Oct 23, 2023

Cyberattack on 2 New York Hospitals Forces Ambulance Diversions

Two hospitals in New York were hit with a cyberattack and had to divert patients to other facilities, hospital officials said Friday. The cyberattack affected computer systems at HealthAlliance Hospital in Kingston along with Margaretville Hospital a...

Posted: Oct 23, 2023

UK Broker Jensten Acquires UK-Based Berns Brett

Jensten, the London-based independent insurance broking group, has completed the acquisition of Berns Brett following regulatory approval. Financial details of the deal were not disclosed. With offices in London, West Sussex and Cavan, Ireland, Berns...

Posted: Oct 23, 2023

UK Broker Jensten Acquires London-Based Berns Brett

Jensten, the London-based independent insurance broking group, has completed the acquisition of Berns Brett following regulatory approval. Financial details of the deal were not disclosed. With offices in London, West Sussex and Cavan, Ireland, Berns...

Posted: Oct 23, 2023

Tech Update: AXA XL Launches Virtual Reality Training Solution for Risk Managers

AXA XL Risk Consulting announced the launch of AXA Immersive Solutions, an innovative training solution leveraging virtual reality (VR) and digital twin technologies. AXA Immersive Solutions gives AXA XL’s risk consultants access to a 3D model...

Posted: Oct 23, 2023

Pacific and Atlantic Hurricanes Norma and Tammy Hit Mexico and Barbuda

Hurricane Norma came ashore near the Pacific resort of Los Cabos at the southern tip of Mexico’s Baja California Peninsula on Saturday afternoon. Hours later, Hurricane Tammy made landfall on the Caribbean island of Barbuda. The storms were eac...

Posted: Oct 23, 2023

More UK Staff Coming Into the Office Outnumber Hybrid Workers: Survey

British workers coming into the office every day outnumber those who spend part of the week working from home, for the first time since the end of pandemic restrictions. A survey by recruitment company Hays Plc of nearly 15,000 white-collar …

Posted: Oct 23, 2023

UK Staff Coming Into the Office Now Outnumber Hybrid Workers: Survey

British workers coming into the office every day outnumber those who spend part of the week working from home, for the first time since the end of pandemic restrictions. A survey by recruitment company Hays Plc of nearly 15,000 white-collar …

Posted: Oct 23, 2023

R&Q Insurance to Sell Insurance and Program Management Unit to Canada’s Onex

Bermuda-based global specialty insurance firm R&Q Insurance Holdings said on Friday it would divest its insurance and program management business, Accredited, to Onex Corp. for an enterprise value of $465 million. Proceeds from the sale, expected...

Posted: Oct 23, 2023

Companies Grapple With the Fallout of Speaking Up About the Israel-Hamas War

Starbucks accused a union representing thousands of its baristas of damaging the brand and endangering co-workers with a pro-Palestinian tweet. The CEO of a prominent tech conference resigned amid backlash for his public statements suggesting that Is...

Posted: Oct 23, 2023

Inflation, Commercial Real Estate Among Top Financial Stability Concerns

The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respondents to a Federal Reserve survey on financial stability, the U.S. central bank said on &#...

Posted: Oct 23, 2023

Software Firm Okta’s Discloses Cyber Breach

Okta on Oct. 20 disclosed a breach of its customer support system that allowed some hackers to view files uploaded by certain clients, pushing the software company’s shares down about 12%. “Okta security has identified adversarial activit...

Posted: Oct 23, 2023

Software Firm Okta Discloses Cyber Breach

Okta on Oct. 20 disclosed a breach of its customer support system that allowed some hackers to view files uploaded by certain clients, pushing the software company’s shares down about 12%. “Okta security has identified adversarial activit...

Posted: Oct 23, 2023

Florida Special Session Called to Punish Iran…and Help Floridians with Wind Mitigation

Florida lawmakers have agreed to convene in another special session – the sixth in three years – this time to sanction the country of Iran but with a little indirect Florida property insurance relief also on the agenda. The call …

Posted: Oct 23, 2023

People Moves: Canales Joins Alliant in California as Executive Vice President

Scott Canales has joined Alliant Insurance Services as executive vice president, Alliant Specialty. Based in Los Angeles, Calif., Canales has spent 38 years in the construction industry, with 31 years as a construction insurance broker. He was most r...

Posted: Oct 23, 2023

Baltimore Firefighter Killed, Four Others Injured Battling Rowhouse Fire

A rapidly intensifying blaze that engulfed multiple rowhouses in northwest Baltimore late Thursday afternoon left one firefighter dead and four others injured, city officials said. The injured firefighters sustained varying degrees of burns and are r...

Posted: Oct 23, 2023

4 Cows Killed in Truck Rollover Crash in Connecticut; Another 6 Euthanized

A tractor-trailer carrying 44 dairy cows crashed on a Connecticut highway exit ramp early Thursday, killing eight of the animals immediately while another six had to be euthanized because of their injuries, state police and agriculture officials said...

Posted: Oct 23, 2023

Communities Can’t Recycle or Trash E-Cigarettes. So What Happens to Them?

With the growing popularity of disposable e-cigarettes, communities across the U.S. are confronting a new vaping problem: how to safely get rid of millions of small, battery-powered devices that are considered hazardous waste. For years, the debate s...

Posted: Oct 20, 2023

Oklahoma Captive Program Reports 25% Net Gain of Captive Insurers in 2023

The Oklahoma Insurance Department’s Captive Insurance Division reported a 25% net gain in captive insurers for 2023. As of September 30, the state has licensed 11 new captive insurers for the year. There are 55 actively licensed captive insurer...

Posted: Oct 20, 2023

TWIA Board to Hold Interim Meeting to Discuss 2024 Budget

The Texas Windstorm Insurance Association (TWIA) Board of Directors will hold an interim meeting on Tuesday, October 31 at 10:00 a.m. CT to review preliminary information about the Association’s 2024 budget. TWIA staff will preview the 2024 bud...

Posted: Oct 20, 2023

Independent Insurance Agents of Illinois Presents Annual Awards

The Independent Insurance Agents of Illinois ((IA of IL) presented awards to top agents and agencies during the association’s annual convention held in Peoria last week. Connor & Gallagher OneSource (CGO) of Lisle was awarded the IIA of IL...

Posted: Oct 20, 2023

Computer Systems for Almost All Kansas Courts Offline Due to Security Incident

TOPEKA, Kan. (AP) – Computer systems for almost all of Kansas` courts have been offline for five days because of what officials call a “security incident,” preventing them from accepting electronic filings and blocking public access to ma...

Posted: Oct 20, 2023

Nebraska Sheriff Charged With Filing Fraudulent Auto Insurance Claim

ORD, Neb. (AP) – A small-town Nebraska sheriff has been charged with filing a fraudulent auto insurance claim to get the repairs to his yellow 2004 Chevrolet Monte Carlo paid for. The complaint filed against Valley County Sheriff Casey Hurlburt &#823...

Posted: Oct 20, 2023

Suspended Miami City Commissioner Pleads Not Guilty to Money Laundering Charges

MIAMI (AP) — A suspended Miami city commissioner who is accused of accepting $245,000 in exchange for voting to approve construction of a sports facility has pleaded not guilty to multiple felony charges, including bribery and money laundering....

Posted: Oct 20, 2023