Insurance Journal
BATON ROUGE, La. (AP) – One of the largest wildfires in Louisiana history continues to burn through land and threaten rural communities, which are used to flooding and hurricanes this time of year rather than drought and blazes. Louisiana has …
Posted: Aug 31, 2023
MINNEAPOLIS (AP) – 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 …
Posted: Aug 31, 2023
The Florida Office of Insurance Regulation is reminding property insurers that they must report Hurricane Idalia claims information daily, starting Friday. The data should be submitted by noon Eastern time, every day, including Saturday and Sunday, t...
Posted: Aug 31, 2023
Preliminary estimates of insured losses from Hurricane Idalia have already begun, with about $9 billion in losses predicted for Florida alone. The estimates are far lower than some in Florida had feared and well below the $60 billion in losses …...
Posted: Aug 31, 2023
Preliminary estimates of insured losses from Hurricane Idalia have already begun, with about $9 billion in losses predicted for Florida alone. The estimates are far lower than some in Florida had feared and well below the $60 billion in losses …...
Posted: Aug 31, 2023
The U.S. Food and Drug Administration on Wednesday issued warnings to three infant formula makers to correct their manufacturing processes to better catch bacterial contamination, but added it does not expect any impact on the supply. The regulator i...
Posted: Aug 31, 2023
The Ninth Circuit Court of Appeals has dismissed lawsuits by 14 businesses seeking insurance coverage from Travelers Insurance for business losses stemming from COVID-19 and the related government shutdown orders. The federal appeals court affirmed t...
Posted: Aug 31, 2023
Rebuilding from this month’s floods in Slovenia will cost €7 billion ($7.6 billion) over the next five years, Prime Minister Robert Golob said. The government is preparing new legislation to serve as a road map for reconstruction after the wors...
Posted: Aug 31, 2023
Cleanup and recovery from Hurricane Idalia began on Thursday along Florida’s Gulf Coast, where property damage, loss of life and power disruptions paled in comparison to the last major hurricane that struck the state nearly a year ago. Idalia c...
Posted: Aug 31, 2023
The Australian government has agreed to settle a class action lawsuit which alleged it had failed to disclose climate change-related risks to investors in the country’s sovereign bonds, court filings showed. The terms of the settlement, if appr...
Posted: Aug 31, 2023
More than 30 investors have called on proxy advisor ISS to improve the guidance it gives to clients wanting companies to decarbonize faster, saying its policies had failed to keep pace with rising climate change risks. Institutional Shareholder Servi...
Posted: Aug 31, 2023
More than 30 investors have called on proxy advisor ISS to improve the guidance it gives to clients wanting companies to decarbonize faster, saying its policies had failed to keep pace with rising climate change risks. Institutional Shareholder Servi...
Posted: Aug 31, 2023
Alix Popham traveled the world as a rugby player. He played 33 times for Wales and competed at two Rugby World Cups, and even got to meet Nelson Mandela before a match in South Africa. Or so he’s told. He …
Posted: Aug 31, 2023
Reliance Industries Ltd. is in discussions with global and domestic executive headhunters to find a leader for Jio Financial Services Ltd.’s newly created insurance business, according to people familiar with the matter. Executives from Relianc...
Posted: Aug 31, 2023
Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for …
Posted: Aug 31, 2023
U.S. officials said Tuesday that the FBI and its European partners infiltrated and seized control of a major malware network used for more than 15 years to commit a gamut of online crimes including crippling ransomware attacks. They then remotely ...
Posted: Aug 31, 2023
King Insurance Partners, a brokerage based in Gainesville, Florida, has acquired Hartley Insurance Services, the firms announced this week. Hartley, with offices in Port Orange, Florida, was founded in 2012 by Paul Hartley. He will remain in charge o...
Posted: Aug 31, 2023
New York’s attorney general on Wednesday asked a state judge to declare, even before the start of a trial, that Donald Trump committed fraud by submitting false statements to bankers and insurers and overstating his net worth by up to …
Posted: Aug 31, 2023
Risk Strategies acquired Benefit Design Group LLC in Oregon. The purchase of BDG adds to Risk Strategies’ presence in the Pacific Northwest. It builds upon the firm’s previous acquisition of the Fournier Group, a commercial and personal l...
Posted: Aug 31, 2023
A new Connecticut law making it easier for firefighters who develop cancer to receive workers’ compensation benefits will go into effect on October 1, 2023. Approved as part of the state budget bill, this law creates a presumption during the &#...
Posted: Aug 31, 2023
One80 Intermediaries, a specialty insurance broker headquartered in Boston, has acquired GMI Insurance, a Pennsylvania-based managing general agent specializing in commercial transportation and related insurance. Terms of the deal were not disclosed....
Posted: Aug 31, 2023
Denver will pay $4.7 million to settle a class action lawsuit that alleged that protesters were unjustly targeted for violating the city`s curfew during demonstrations over the killing of George Floyd in 2020. City councilors unanimously agreed to th...
Posted: Aug 31, 2023
The Ohio Bureau of Workers’ Compensation announced a 3.9% rate reduction for the state’s public employers, a a rate cut that will go into effect Jan. 1, 2024. The rate reduction will result in nearly $8 million less in premiums …
Posted: Aug 30, 2023
This post is part of a series sponsored by AgentSync. It’s not easy recruiting new insurance agents these days. Let’s face it, the industry has a bit of a bad reputation, especially among millennials. The industry’s reputation of be...
Posted: Aug 30, 2023
Future engineers need a greater understanding of past failures – and how to avoid repeating them – a Louisiana-based nonprofit said to mark Tuesday`s 18th anniversary of the deadly, catastrophic levee breaches that inundated most of New Orleans durin...
Posted: Aug 30, 2023