Insurance Journal
(Bloomberg) — In March, a 39-year-old woman and her husband sat in a fertility clinic near Atlanta, and waited. The woman was there to have an embryo implanted in her uterus, the final stage of a grueling in vitro fertilization …
Posted: Oct 13, 2023
CLEARWATER, Fla. (AP) — A storm system that moved across parts of Florida early Thursday left a path of damage to cars, houses and businesses, authorities said. The storms moved north into Citrus County, where officials canceled public school c...
Posted: Oct 13, 2023
ATLANTA (AP) — A woman was in custody after she allegedly stabbed three people at Hartsfield-Jackson Atlanta International Airport, police said. Officers assigned to the airport encountered a woman armed with a knife outside of a security check...
Posted: Oct 13, 2023
Higginbotham, one of the largest independent insurance brokerages and human resources firms, has acquired an interest in Total Employee Benefits, based in Atlanta. “We’re proud of our property and casualty practice in Atlanta,” Higg...
Posted: Oct 13, 2023
Warren Buffett’s buying of Japanese trading firms helped propel the nation’s stocks to multi-decade highs. Six months on, insurers and banks are emerging as the next potential value targets. Insurers have low price-to-book ratios, strong...
Posted: Oct 13, 2023
Xceedance, a global provider of strategic operations support, technology, and data services to insurance organizations, announced the launch of burst capacity catastrophe modeling resources to support reinsurers during peak renewal times. In the lead...
Posted: Oct 13, 2023
Nearly half of 400 insurance executives responding to a recent survey said their current priorities center on improving profitability rather than growing their businesses. Forty-eight percent of participants reported they are prioritizing profitabili...
Posted: Oct 13, 2023
Britain’s accounting regulator on Thursday fined KPMG a record 21 million pounds ($26 million) for a “textbook failure” in audits of Carillion, the builder that imploded in 2018 and prompted a root and branch review of auditing stan...
Posted: Oct 13, 2023
In a global first, Europe’s main bank regulator is revising the framework that sets capital requirements so that lenders reflect environmental and social risks in mandatory, industrywide buffers. The European Banking Authority has identified &#...
Posted: Oct 13, 2023
Power grid operators around the Baltic Sea are beefing up protection of subsea cables and other critical infrastructure after the suspected sabotage on a gas link between Finland and Estonia last weekend. Government officials in Lithuania ordered mor...
Posted: Oct 13, 2023
MGM Resorts International Chief Executive Officer Bill Hornbuckle chose not pay a ransom to hackers who broke into his casino chain’s computer system because they didn’t ask for money until well after the company discovered the attack. Th...
Posted: Oct 13, 2023
Generali said on Thursday that it has reached an agreement with German insurance heavyweight Allianz for the sale of TUA Assicurazioni for 280 million euros ($295 million) in cash. Mediobanca, Banca di Credito Finanziario and Rothschild & Co acte...
Posted: Oct 13, 2023
Big multistate operators often get the bend-over-backward treatment from all service providers, but what are insurance brokers looking to get the same treatment for their small-to-midsize client to do? It turns out, there’s a lot that can be do...
Posted: Oct 13, 2023
Israel’s parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines, the Finance Ministry said on Thursday. The guarantee framework will grant Israeli airl...
Posted: Oct 13, 2023
Google said on Thursday that it will defend users of generative artificial-intelligence systems in its Google Cloud and Workspace platforms if they are accused of intellectual property violations, joining Microsoft, Adobe and other companies that hav...
Posted: Oct 13, 2023
Google said on Thursday that it will defend users of generative artificial-intelligence systems in its Google Cloud and Workspace platforms if they are accused of intellectual property violations, joining Microsoft, Adobe and other companies that hav...
Posted: Oct 13, 2023
Integris Group, a member-owned professional liability insurer based in Connecticut, has agreed to purchase MedMal Direct Insurance Co. and its agency, CorePRO, from Physicians Trust Inc., the firms announced this week. MedMal Direct is headquartered...
Posted: Oct 13, 2023
If people really looked for history at the New York City building where the Triangle Shirtwaist factory once existed, they could find it. There are plaques pointing out that it was the site of a horrific fire in 1911 that …
Posted: Oct 13, 2023
In the wake of a shooting that left five people injured during homecoming festivities, Morgan State University leaders announced Tuesday they plan to build a wall around most of the northeast Baltimore campus and station security personnel at entranc...
Posted: Oct 13, 2023
In the wake of a shooting that left five people injured during homecoming festivities, Morgan State University leaders announced Tuesday they plan to build a wall around most of the northeast Baltimore campus and station security personnel at entranc...
Posted: Oct 13, 2023
MIA Appoints McEvoy as Associate Commissioner of Operations and Sexton as Director, Legislative and Regulatory Policy Maryland Insurance Commissioner Kathleen A. Birrane appointed Sean J. McEvoy as associate commissioner of operations and promoted Ja...
Posted: Oct 13, 2023
Changes in the availability of medical services during the pandemic was one of the drivers of Delaware workers’ compensation claims costs in 2020 and 2021. A new study from the Workers Compensation Research Institute (WCRI) found that total cos...
Posted: Oct 13, 2023
A jury has delivered a $135 million verdict in a molestation case involving a middle school teacher, determining that negligence by a Southern California school district allowed the abuse of two students during the 1990s. Jurors in Riverside County S...
Posted: Oct 13, 2023
Mark Racunas has joined Alliant Insurance Services, headquartered in Irvine, Calif., as senior vice president, Alliant Specialty. Based in Los Angeles, Calif., Racunas has more than 20 years of experience in the insurance brokerage industry. He most...
Posted: Oct 13, 2023
A Connecticut high school student died after losing consciousness at football practice, school officials said. Windsor High School student Elijah-Jay Mariano Rivera lost consciousness during practice Tuesday and was given CPR by police and emergency...
Posted: Oct 13, 2023