Insurance Journal
Ford Motor said on Friday it will recall 169,000 U.S. vehicles to replace rearview cameras and update software and is taking a $270 million charge to address the callback. It was the latest in a series of recalls for rear …
Posted: Sep 05, 2023
The Federal Trade Commission won an administrative ruling against TurboTax tax software maker Intuit INTU.O after the commission said the company misled consumers with deceptive advertisements pitching “free” tax filing products that mill...
Posted: Sep 05, 2023
JACKSONVILLE, Fla. (AP) — A 12-year-old boy was struck and killed by a car Friday morning in Florida after a dog chased him into the street, authorities said. The boy and his younger brother had been walking on a sidewalk …
Posted: Sep 05, 2023
CHAPEL HILL, N.C. (AP) — As sirens blared across the University of North Carolina at Chapel Hill and cell phones lit up with alerts of an active shooter, Micah Baldonado cried quietly at his desk while his teacher proceeded with …
Posted: Sep 05, 2023
Seven weeks after catastrophic flooding in Vermont destroyed their mobile home, Sara Morris and her family don`t yet know what they will do for housing long-term. She and her husband, their three kids and his mother have been staying with …
Posted: Sep 05, 2023
HORSESHOE BEACH, Fla. (AP) — This remote seaside enclave known as “Florida`s Last Frontier” took much of the pounding from Hurricane Idalia when it struck the state`s west coast as a Category 3 storm last week. The damage left behin...
Posted: Sep 05, 2023
Arthur J. Gallagher & Co. announced the acquisition of UK-based Lifesure Group Ltd. Terms of the transaction were not disclosed. Lifesure provides personal lines insurance broking services in the vacation/holiday and leisure industry, with produc...
Posted: Sep 05, 2023
Wildfires have cost Europe an estimated €4.1 billion ($4.43 billion) in damages so far this year, as extreme heat seared the Mediterranean from Greece to Spain this summer. Nearly 400,000 hectares (988,420 acres) of land across the continent has so &...
Posted: Sep 05, 2023
Chinese technology giant Huawei has filed a lawsuit with a Lisbon court against a resolution by Portugal’s cybersecurity council CSSC that effectively bars operators from using its equipment in high-speed 5G mobile networks, the company said. T...
Posted: Sep 05, 2023
S&P Global has raised its view of the global reinsurance sector to stable from negative, it said on Tuesday, due to higher reinsurance rates and increasing investment income, while rival Moody’s kept its outlook for the sector stable. The C...
Posted: Sep 05, 2023
The dawn of artificial intelligence tools like ChatGPT may revolutionize the way both the public and private sector use data to ferret out risks and opportunities in the $32 trillion global trading system. During the pandemic, government agencies and...
Posted: Sep 05, 2023
Moody’s RMS and Verisk on Monday each released insured loss estimates for Hurricane Idalia. RMS estimated total private market insured losses from Idalia to be between $3 billion and $5 billion, with a best estimate of $3.5 billion. Verisk mean...
Posted: Sep 05, 2023
This post is part of a series sponsored by IAT Insurance Group. Protecting your fleet and maintaining steady operations today means implementing risk management practices to combat rising costs and reduce claims. Our latest eBook highlights the most...
Posted: Sep 05, 2023
HORSESHOE BEACH, Fla. (AP) — Two people were charged with looting a home damaged by Hurricane Idalia in Florida`s Big Bend region, as residents` concerns grew that burglars could be tempted to hit other hurricane-ravaged homes since law enforce...
Posted: Sep 05, 2023
The property insurance industry breathed a sigh of relief after Hurricane Idalia landed in a less-populated part of the coast, but regulators have signaled a need to make sure that claims from the area, now topping 10,000, are taken care …
Posted: Sep 05, 2023
Delaware State Police have agreed to pay $50,000 to resolve a federal lawsuit filed by a man who said troopers violated his constitutional rights by preventing him from warning motorists about a speed trap. A judgment was entered Friday in …
Posted: Sep 05, 2023
Homeowners insurance costs are on the rise and that trend doesn’t seem to be slowing down. According to S&P Global, homeowners insurance rose nearly 11% between 2021 and 2022. That could be one reason why many homeowners are delaying home &...
Posted: Sep 03, 2023
A federal workplace safety investigation determined that 39-year-old employee of a south Arkansas timberland and sawmill facility suffered fatal injuries from an automated lumber stacking machine at its Bearden location. Inspectors with the U.S. Depa...
Posted: Sep 03, 2023
Tim Temple, a Baton Rouge Republican who spent 20 years in the insurance industry, will be Louisiana’s next insurance commissioner after the only other candidate dropped out of the race. The statewide position was been thrust into the spotlight...
Posted: Sep 03, 2023
Florida’s property insurance market is showing more signs of life, with another company requesting a large takeout order from Citizens Property Insurance and two new companies entering the arena in August. Tampa-based HCI Group’s CEO Pare...
Posted: Sep 03, 2023
After three major Georgia appeals court decisions have gone against employers in the last five years, some insurance defense attorneys are concerned that the state’s workers’ compensation laws have become costly to insurers and businesses...
Posted: Sep 03, 2023
Claims frequency and severity are up across the industry, thanks in large part to social inflation, which has led to an increase in litigation and more costly settlements. Fueled primarily by aggressive tactics by plaintiffs’ attorneys, social...
Posted: Sep 03, 2023
In our modern world of rapidly advancing technology and complex corporate structures, it’s absurd to consider looking toward the distant past for insights. Yet, the Paleolithic or Stone Age era — characterized by early humans’ usage...
Posted: Sep 03, 2023
The #1, MOST IMPORTANT recruiting tool is one most insurance agencies and carriers don’t use to its fullest potential is … (drumroll please!) … a candidate database. Applicant Tracking Systems (ATS) and Customer Relationship Managem...
Posted: Sep 03, 2023
The charred remains of a dog found among the ruins of a house that was destroyed in a sudden fire added an air of legitimacy to the insurance claim. For sure, homeowners sometimes resort to arson, but who would be …
Posted: Sep 03, 2023