Insurance Journal
CROSS CITY, Fla. (AP) — An elderly man who was cleaning debris from Hurricane Idalia in north Florida when a tree fell on him has been declared the state`s third death from the Category 3 storm, officials said Thursday. The …
Posted: Sep 11, 2023
BLYTHEWOOD, S.C. (AP) — Construction work has been temporarily stopped on a $2 billion new electric vehicle plant in South Carolina being built by a Volkswagen Group-backed group trying to revive a brand that was a forerunner to today’s S...
Posted: Sep 11, 2023
Envelop Risk, the UK-based cyber re/insurance and analytics specialist, announced the launch of a program for cedents that want to enter the cyber risk market or expand their existing participation. The initiative, called Cyber Partnership Platforms,...
Posted: Sep 11, 2023
New York Gov. Kathy Hochul is expected to sign legislation today to assure that people who returned to work in close proximity to Ground Zero during the critical period following the 9/11 terrorist attacks are informed that they could be …
Posted: Sep 11, 2023
Survivors of Morocco’s deadliest earthquake in more than six decades struggled to find food, water and shelter on Sunday as the search for the missing continued in remote villages and the death toll of more than 2,100 seemed likely to …
Posted: Sep 11, 2023
RiverStone International, the London-based provider of legacy solutions in the Lloyd’s market, has signed an agreement with members of the Catalina Group to acquire Catalina Insurance Ireland, an Irish insurance company regulated by the Central...
Posted: Sep 11, 2023
Coral Gables, FL September 7, 2023 – The Latin American Association of Insurance Agencies (LAAIA) is excited to announce a strategic partnership with Insurance Journal’s Academy of Insurance. This collaboration aims to further enhance and expan...
Posted: Sep 11, 2023
Executive summary: Fitch Ratings is projecting reinsurer returns on equity of 14% in 2023 and 2024, results that reflect a reinsurance environment that has effectively returned to the pre-soft market state of providing capital protection rather than...
Posted: Sep 11, 2023
Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates cushion a hit from a rise in claims, a report by Swiss Re Institute showed on Saturday. Insurers invest a …
Posted: Sep 11, 2023
The U.S. Federal Aviation Administration wrapped up a technical investigation into SpaceX’s April test launch of its giant Starship rocket, saying in a Friday statement that the company must implement dozens of corrective measures before flying...
Posted: Sep 11, 2023
Non-life insurers are set to significantly improve their profitability in the next few years as investment returns from higher rates cushion a hit from a rise in claims, a report by Swiss Re Institute showed on Saturday. Insurers invest a …
Posted: Sep 11, 2023
North Carolina authorities have charged a Charlotte-area insurance agent with identity theft after he reportedly took out a life insurance policy without the man’s knowledge. Derek Urban Ezzell, 56, a multi-lines producer in Concord, submitted...
Posted: Sep 11, 2023
ATLANTA (AP) — Hurricane Lee is rewriting old rules of meteorology, leaving experts astonished at how rapidly it grew into a goliath Category 5 hurricane. Lee — which just as quickly dropped to a still-dangerous Category 3 and held that &...
Posted: Sep 11, 2023
One of the longest-serving TV meteorologists in Atlanta was terminated from his high-profile job in 2011 because of repeated instances of sexual harassment of colleagues, not because his skin is white, a federal appeals court decided. Paul Ossmann wa...
Posted: Sep 11, 2023
One of the longest-serving TV meteorologists in Atlanta was terminated from his high-profile job in 2019 because of repeated instances of sexual harassment of colleagues, not because his skin is white, a federal appeals court decided. Paul Ossmann wa...
Posted: Sep 11, 2023
The U.S. Justice Department reports that it has reached a settlement with Baltimore County, Maryland for relief and compensation for female fire department employees subjected to sexual harassment. The settlement resolves the DOJ’s complaint al...
Posted: Sep 11, 2023
New York Gov. Kathy Hochul has signed three bills into law that affect workers, including one raising the minimum disability benefit under workers’ compensation over three years. The second new law prohibits employers from disciplining employee...
Posted: Sep 11, 2023
Hurricane Lee is rewriting old rules of meteorology, leaving experts astonished at how rapidly it grew into a goliath Category 5 hurricane. Lee – which just as quickly dropped to a still-dangerous Category 3 and held that strength Saturday – …
Posted: Sep 11, 2023
Premiums underwritten by U.S. managing general agencies not affiliated with insurance companies reached $33 billion in 2022, and fronting companies wrote another $13 billion in the same year, a new report says. Reinsurance broker Howden Tiger and the...
Posted: Sep 10, 2023
CHICAGO (AP) – A lawsuit seeking class-action status accuses nine mobile home community management companies and a mobile home market data provider of conspiring to fix and inflate lot rental prices at more than 150 locations across the U.S. The R...
Posted: Sep 08, 2023
Kansas Insurance Commissioner Vicki Schmidt announced the Kansas Insurance Department (KID) has returned dollars to group-funded pools following the enactment of legislation that does away with two assessment fees. The Department introduced and succe...
Posted: Sep 08, 2023
Two litigation funding firms are seeking to intervene in disciplinary proceedings against McClenny Moseley & Associates after a federal judge in Louisiana ruled that the law firm has no right to any attorney fees for 201 hurricane-damage claims....
Posted: Sep 08, 2023
LITTLE ROCK, Ark. (AP) – Thousands of Little Rock residents were without power Wednesday after a severe storm uprooted trees and damaged homes in neighborhoods rebuilding from a tornado that hit the state last spring. There were no immediate reports...
Posted: Sep 08, 2023
A profitability problem that would have otherwise taken insurtech Hippo half a year to correct is on the mend after just 30 days, the chief executive officer said at an investor conference Thursday. Speaking at the Keefe, Bruyette & Woods …
Posted: Sep 08, 2023
A workers’ compensation fund for Mississippi state agencies will can take subrogation action against the driver of an all-terrain vehicle that badly injured the then-chief of staff to the state’s lieutenant governor, the Mississippi Supre...
Posted: Sep 08, 2023