Insurance Journal
Banks in Europe will need to adjust the risk assessments they conduct of their clients to reflect new ESG requirements enforced by their watchdog. In a world first, the European Banking Authority is revising the framework that sets industrywide capit...
Posted: Oct 17, 2023
A lawyer for Donald Trump told a London judge Monday that the ex- president plans to prove that a discredited report by a former British spy that contained “shocking and scandalous claims” that he was compromised by Russians in his …...
Posted: Oct 17, 2023
Howden, the London-based insurance group, announced the creation of Howden Climate Parametrics, a global practice that brings together re/insurance, climate, and data expertise to focus parametric risk transfer solutions on meeting the escalating dem...
Posted: Oct 17, 2023
Global insurance broker NFP announced it has acquired Benefits & Co., the Florida benefits business of Clearscope, a benefits services and software firm with offices in New York and New Jersey. Based in Sunrise, Florida, Benefits & Co. is an...
Posted: Oct 17, 2023
Mind Foundry Ltd., an artificial intelligence startup vying to help insurers decide which drivers should be covered, has raised $22 million in funding, the latest sign of growing demand to deploy AI in critical sectors where there’s little room...
Posted: Oct 17, 2023
Charlotte Hedemark became president of the Federation of European Risk Management Associations (FERMA) on Oct. 16 at an official handover ceremony at the FERMA Seminar 2023 in Antwerp, Belgium. She replaces Dirk Wegener, who was president for four ye...
Posted: Oct 17, 2023
The number of soured commercial real estate loans has begun to rise in the UK as the rapid increase in interest rates feeds through to property valuations. The overall default rate on UK commercial real estate debt reached 4% in …
Posted: Oct 17, 2023
The number of rated property/casualty personal lines insurers that had their credit ratings downgraded by AM Best more than doubled to 21 in the first-half of 2023, compared to 10 in first-half 2022. Additional downgrades of 10 commercial insurers an...
Posted: Oct 17, 2023
“Yesterday was my son’s 12th birthday but he didn’t spend it unwrapping presents or gorging on ice cream and cake. Most of our evening was spent solemnly observing unspeakable horror and devastation as the events of September 11, 20...
Posted: Oct 17, 2023
Stuart Anderson, who played linebacker for the National Football League’s Washington Redskins (now known as the Washington Commanders) in the mid-1980s, has lost his bid to collect workers’ compensation medical benefits. Anderson filed cl...
Posted: Oct 17, 2023
The mother-and-daughter owners of a California home day care were arrested after two children drowned in the backyard pool earlier this month, authorities said. The two 1-year-olds died Oct. 2 while at Happy Happy Daycare in the Almaden neighborhood...
Posted: Oct 17, 2023
Fatigue and complacency led to a passenger and car ferry crashing into a terminal in Seattle last year, causing $10.3 million in damage to the ferry, according to the National Transportation Safety Board’s final report. The Cathlamet ferry depa...
Posted: Oct 17, 2023
The Indian Point nuclear power plant in Buchanan, New York, has transferred all spent nuclear fuel to dry cask storage in a move towards decommissioning the plant, the New York State Department of Public Service and Indian Point Closure Task …
Posted: Oct 17, 2023
The Mississippi Supreme Court has ruled that an insurer misunderstood when a three-year statute of limitations begins in dismissing the insurer’s claims relating to a fire on an insured’s property. The high court affirmed that a statute o...
Posted: Oct 17, 2023
The US is pushing a group of governments to publicly commit to not make ransom payments to hackers ahead of an annual meeting of more than 45 nations in Washington later this month. Anne Neuberger, deputy national security adviser, told …
Posted: Oct 16, 2023
Newfront Adds Todd Burns and Lee Sheppard in Texas Newfront, a tech-driven insurance brokerage firm based in San Francisco, has expanded its footprint with strategic additions in Austin, Texas. Todd Burns joins as Senior Vice President and Austin Mar...
Posted: Oct 16, 2023
COLUMBUS, Ohio (AP) – Victims of child sexual abuse in Ohio will see more compensation for the crimes committed against them while in the Boy Scouts of America after Republican Gov. Mike DeWine signed a new law guaranteeing it Thursday. …
Posted: Oct 16, 2023
Lilly USA, LLC, a pharmaceutical corporation based in Indianapolis, Indiana, and its parent company, Eli Lilly and Company, will pay $2.4 million and provide other equitable relief to settle a nationwide class age discrimination lawsuit brought by th...
Posted: Oct 16, 2023
A federal appellate court is asking the Louisiana Supreme Court whether a law that was passed to protect oilfield contractors from demands by big oil companies that they be indemnified for their own mistakes also applies to contractors who work ̷...
Posted: Oct 16, 2023
This edition of International People Moves details appointments at WTW and QBE Europe. A summary of these new hires follows here. WTW Risk & Broking Names Marsh’s Powell as Chief Claims Officer WTW, the advisory, broking and solutions compa...
Posted: Oct 16, 2023
David Goyco says he was like a bicyclist when he was injured while riding his low-speed electric scooter and hit by a car. Thus, he contends, he is entitled to personal injury protection (PIP) benefits from his auto insurer, Progressive …
Posted: Oct 16, 2023
Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator that will fast-track insuranc...
Posted: Oct 16, 2023
California Gov. Gavin Newsom signed a bill that gives consumers greater control over data captured by in-cabin cameras in their vehicles. The legislation, Senate Bill 296, authored by Senator Bill Dodd (D – Napa) and sponsored by the Consumer F...
Posted: Oct 16, 2023
An ammonia leak at a Southern California business sent 11 people to the hospital, authorities said. The leak was reported shortly before 9:15 a.m. on Friday in a commercial building in Buena Park, the Orange County Fire Authority said. The …
Posted: Oct 16, 2023
As Israeli children listened to their teacher over Zoom, the image of a gun-toting man in fatigues appeared on the screen, according to a screenshot shared with Reuters. In another case, a video showed a billboard in the central Israeli …
Posted: Oct 16, 2023