Insurance Journal
The AM Best financial rating firm has slightly downgraded the credit rating outlook for two Farm Bureau companies after weather losses and a rise in reinsurance costs and inflation. The financial strength rating remained at “B++ (Good)” f...
Posted: Sep 18, 2023
Authorities detained some staff of the money management business of China Evergrande Group, a sign that the saga around the defaulted developer at the heart of the nation’s property crisis has entered a new phase involving the criminal justice...
Posted: Sep 18, 2023
The U.S. homeowners insurance segment has been hit with three consecutive years of net underwriting losses as a result of above-average numbers of natural catastrophes, inflationary pressures and elevated reinsurance costs. These market headwinds hav...
Posted: Sep 18, 2023
NEW YORK (AP) — A 2-year-old boy at a home-based day care center in New York City who showed symptoms of opioid exposure died and three other young children were hospitalized, authorities said. Police responded to a 911 call on …
Posted: Sep 18, 2023
The state of California filed a lawsuit against some of the world’s largest oil and gas companies, claiming they deceived the public about the risks of fossil fuels now faulted for climate change-related storms and wildfires that caused billion...
Posted: Sep 18, 2023
RALEIGH, N.C. (AP) — Officials in North Carolina have denied a permit for a Christmas parade after a truck towing a float struck and killed a girl during last year’s event. The city of Raleigh announced Thursday that it denied …
Posted: Sep 18, 2023
BAR HARBOR, Maine (AP) — Atlantic storm Lee made landfall at near-hurricane strength Saturday, bringing destructive winds, rough surf and torrential rains to New England and Maritime Canada. But officials withdrew some warnings for the region a...
Posted: Sep 18, 2023
Zurich Resilience Solutions, the commercial risk advisory and services unit of Zurich Insurance Group (Zurich), and the professional services firm KPMG have formed a strategic collaboration to offer advisory services to address physical and transitio...
Posted: Sep 18, 2023
Pine-Sol maker Clorox said on Monday its first-quarter results could see a “material impact” from a cybersecurity attack last month that damaged portions of its IT infrastructure and caused widescale disruption to its operations. The hous...
Posted: Sep 18, 2023
Blockchain researchers say North Korea-linked hackers are likely behind a $70 million theft from crypto exchange CoinEx. CoinEx, which says it is based in Hong Kong, said on Tuesday on social media platform X, formerly known as Twitter, that wallets...
Posted: Sep 18, 2023
In 2021, a series of HSBC advertisements started appearing on bus stops around the UK. Part of a campaign centered on the slogan “Climate change doesn’t do borders,” the posters paired images of trees and ocean waves with statements...
Posted: Sep 18, 2023
Dale Underwriting Partners, the trading name for Dale Managing Agency’s Lloyd’s Syndicate 1729, has agreed a strategic partnership with CVC, a leading global private markets manager with €161 billion of assets under management. CVC funds...
Posted: Sep 18, 2023
Private equity firm Advent International is exploring a sale of CCC Intelligent Solutions Holdings Inc., a provider of software to the car insurance industry that has a market value of $7.1 billion, people familiar with the matter said on Friday. ...
Posted: Sep 18, 2023
Members of the board of directors of insurtech Hippo were on the receiving end of an open letter from a “concerned shareholder group,” yesterday, urging board actions to preserve the value of a company that has faced financial difficultie...
Posted: Sep 18, 2023
The Hartford said it expanded its digital capabilities with new submission and quote Application Programming Interfaces (APIs), and portal options for agents and brokers who write midsize and large businesses. The new capabilities save time, provide...
Posted: Sep 18, 2023
Wanted in South Carolina: $1 million in liquor liability coverage at an affordable premium to prevent closure of establishment. That’s the type of advertisement one can imagine bars and bistros across the Palmetto State running this fall, as th...
Posted: Sep 18, 2023
Mercury Insurance, headquartered in Brea, Calif., named Cameron Nordholm as its head of technical product. Before joining Mercury Insurance, Nordholm was head of product and head of strategy at AgentSync and served as a product consultant at Diegetic...
Posted: Sep 18, 2023
This post is part of a series sponsored by AgentSync. ChatGPT may be able to whip out a love poem on demand, but consumers know the value of an expert human on their team for things that really matter. There’s …
Posted: Sep 17, 2023
Alan Oligario`s home is prone to flooding — and he wishes someone had told him before he bought it. His initial flood came in the first year after he bought the house in Highland Falls, New York. The second came …
Posted: Sep 17, 2023
A mortgage lender accused of violating the False Claims Act by approving government-backed loans that did not meet federal guidelines can seek to recover the $15 million it paid to resolve the allegations from its management liability insurer, the De...
Posted: Sep 17, 2023
One of my favorite sayings is “failure is tuition for something else.” I adopted this phrase during a conversation with another senior leader one day on the consequences of some mistakes we’d made organizationally. I think that fail...
Posted: Sep 17, 2023
A lawsuit filed on behalf of a former student and former employee at the University of Minnesota accuses the university of not doing enough to protect personal information from a recent data breach. Attorneys for the two plaintiffs said in …
Posted: Sep 17, 2023
National QBE Insurance Group appointed Julie Wood as Interim CEO North America upon the exit of former QBE NA CEO Todd Jones. Wood joined QBE in January 2023 as group head of Distribution. She was previously at Marsh as Southeast …
Posted: Sep 17, 2023
Small business accounts are the bread and butter for most agencies. The good news: small businesses are increasingly satisfied with the insurance products and services they receive from their providers. Thats according to the 11th annual JD Power 202...
Posted: Sep 17, 2023
Posted: Sep 17, 2023