Insurance Journal
Executive summary: Reinsurance underwriting is all about finding equilibrium between their reason for being—reducing the volatility of cedents earnings—and producing stable profits in their own businesses. With new laws promising to change a Florida...
Posted: Sep 12, 2023
Oakbridge Insurance has acquired Georgia-based Bishop-Durden-Hale Insurance Group, the companies announced. Bishop-Durden, which specializes in coverage for manufacturers, municipalities and schools, will keep its offices in Vidalia and Savannah. The...
Posted: Sep 12, 2023
According to WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), commercial insurance prices in the U.S. continued to increase in the second quarter. The quarterly survey, answered by insurance carriers, indicated an overall price increase...
Posted: Sep 12, 2023
The successor to a law firm that was known as “public enemy number one” by Florida’s property insurance industry after it filed thousands of unnecessary lawsuits – many of them on the same claim – has slipped into bankruptcy, puttin...
Posted: Sep 12, 2023
The successor to a law firm that was known as “public enemy number one” by Florida’s property insurance industry after it filed thousands of unnecessary lawsuits – many of them on the same claim – has slipped into bankruptcy, puttin...
Posted: Sep 12, 2023
A town in Virginia has agreed to independent reviews of misconduct allegations against its police force to settle a lawsuit filed after a Black and Latino Army lieutenant was pepper sprayed during a traffic stop. The town of Windsor also …
Posted: Sep 12, 2023
It was reasonable for an injured employee who is returning to work to refuse a job that accommodated his disability because he had personal and religious objections to getting a COVID-19 vaccine. The Virginia Workers’ Compensation Commission (W...
Posted: Sep 12, 2023
It was reasonable for an injured employee who is returning to work to refuse a job that accommodated his disability because he had personal and religious objections to getting a COVID-19 vaccine. The Virginia Workers’ Compensation Commission (W...
Posted: Sep 12, 2023
A woman has filed a lawsuit against Peloton over the death of her son, who was killed when his exercise bike fell on his neck during a workout in his New York City apartment. Ryan Furtado, 32, was doing a …
Posted: Sep 12, 2023
A Southern California school district will pay $2.25 million to settle the latest lawsuit involving a teacher who became pregnant by one of at least two students she was accused of sexually abusing. The settlement brings to $8.25 million the …
Posted: Sep 12, 2023
This post is part of a series sponsored by CoreLogic. Going beyond historical data brings clarity to the future of wildfire risk Welcome to the second installment of our four-part series on wildfire hazard and enterprise risk management where we R...
Posted: Sep 11, 2023
Some of the world’s largest ports may be unusable by 2050 as rising sea levels hit operations, and efforts to speed up decarbonization of the maritime sector and bring in new technology are vital, a study showed on Friday. Weather-related ̷...
Posted: Sep 11, 2023
Cooler temperatures and increasing moisture levels allowed state and federal public land managers last week to lift fire restrictions that have been in place across much of western Nevada since late July. An unusually mild wildfire season, combined w...
Posted: Sep 11, 2023
MarshBerry, an investment banking and consulting firm serving the insurance distribution and wealth management industries based in Woodmere, Ohio, announced that FirstChoice, a MarshBerry Company, has welcomed its 500th member to the network. “...
Posted: Sep 11, 2023
A little over a year ago, Peter Gardner, a Louisiana developer, completed rehabbing an apartment building with 144 units and got a surprise so ugly it made him decide to move his business out of town. When the project began, …
Posted: Sep 11, 2023
A Sunday evening explosion in Archer-Daniels-Midland Co.’s processing complex in Decatur, Illinois, has injured at least eight people, according to the Decatur Fire Department. The blaze was largely under control within a few hours, but a crew...
Posted: Sep 11, 2023
HOUSTON (AP) – Texas’ power grid has been under tremendous stress during this summer’s sweltering heat, with the state setting 10 new records for electricity demand. The grid`s reliability has been questioned by residents and lawmakers si...
Posted: Sep 11, 2023
MADISON, Wis. (AP) – A northern Wisconsin sawmill has agreed to pay nearly $191, 000 and stop hiring children under 16 to settle a federal lawsuit labor regulators filed after a teenager was killed on the job this summer and …
Posted: Sep 11, 2023
US executives drastically cut back on public discussions of workplace diversity last quarter, in the first earnings season since the Supreme Court’s ruling against affirmative action sent a chill through corporate boardrooms. Mentions of divers...
Posted: Sep 11, 2023
A federal judge has ruled that the U.S. Consumer Financial Protection Bureau (CFPB) does not have broad authority to tackle discriminatory banking practices, handing a win to financial industry groups that sued the regulator. The American Bankers Ass...
Posted: Sep 11, 2023
USI Insurance Services said Monday that KKR is making a new equity investment of more than $1 billion to become USI’s largest shareholder. Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) in …...
Posted: Sep 11, 2023
Most of West Maui will officially reopen to travelers Oct. 8 under a new wildfire emergency proclamation signed last week by Hawaii Gov. Josh Green. Nonessential travel to much of the island`s western coastline has been strongly discouraged since dev...
Posted: Sep 11, 2023
Wynn Resorts and nine unnamed women are settling a lawsuit alleging the casino company failed to investigate allegations that female employees were sexually harassed by former company CEO Steve Wynn, according to a court document. Attorneys for Wynn...
Posted: Sep 11, 2023
Kaiser Permanente has agreed to pay $49 million as part of a settlement with California prosecutors who say the health care giant illegally disposed of thousands of private medical records, hazardous materials and medical waste, including blood and b...
Posted: Sep 11, 2023
Total global insured losses from natural catastrophes of more than $100 billion a year may be less newsworthy than in the past. In fact, the industry should expect loss totals of at least $100 billion every year, according to models …
Posted: Sep 11, 2023