Insurance Journal
When Citizens Property Insurance Corp. in June filed for the maximum rate increases allowed by its statutory glidepath, many in the Florida insurance industry saw it as a good thing, needed to help steer policyholders back toward the beleagured prima...
Posted: Aug 22, 2023
Wright National Flood Insurance Services introduced FocusFlood, the company’s newest product and an extension of its popular ResiFlood program, into Florida, Texas, New Jersey, South Carolina and Louisiana. Written on a non-admitted basis, Focu...
Posted: Aug 22, 2023
On an icy February morning in 2021, slippery roads and limited visibility prompted a chain reaction of crashing cars on Interstate 35W in Fort Worth, eventually leading to a pileup of 133 vehicles that left six people dead. State Rep. …
Posted: Aug 22, 2023
Japan said on Tuesday it will start releasing into the sea more than 1 million metric tons of treated radioactive water from the wrecked Fukushima nuclear power plant on Aug. 24, going ahead with a plan heavily criticized by China. …
Posted: Aug 22, 2023
The U.S. Federal Aviation Administration said on Tuesday it will hold runway safety meetings at 90 airports over the next few weeks after a series of troubling close-call aviation incidents. Earlier this month, the FAA and National Transportation Saf...
Posted: Aug 22, 2023
This edition of International People Moves details appointments at AXA XL, Berkshire Hathaway Specialty Insurance (BHSI), and the cyber insurer Coalition. AXA XL Names Hopkinson as Canada Country Manager AXA XL announced the appointment of Glen Hopki...
Posted: Aug 22, 2023
CONCORD, N.C. (AP) — A third child has died following a weekend house fire in North Carolina, officials said. Fire-fighting crews were dispatched to a one-story public housing duplex in Concord, northeast of Charlotte, shortly after 1:00 a.m. S...
Posted: Aug 22, 2023
The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done little to impede the provision of western services for the trade. The number of ships calling at the nation’s ports …
Posted: Aug 22, 2023
Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022, according to AM Best. “Reinsurers generally have realigned their risk profiles and a...
Posted: Aug 22, 2023
The New York Knicks sued the Toronto Raptors, claiming a former Knicks employee stole scouting reports and other proprietary information after getting a job offer at the rival National Basketball Association team. The Knicks filed suit Monday against...
Posted: Aug 22, 2023
Tysers, the London-based insurance broker and subsidiary of AUB Group, announced that CEO Clive Buesnel is stepping down at the end of August. As CEO since June 2020, Buesnel managed the company through its acquisition by AUB, a deal that …
Posted: Aug 22, 2023
Growing extreme-weather risks mean President Joe Biden’s expected request for billions in extra disaster-relief funding might not be enough for the next fiscal year, FEMA head Deanne Criswell said. Biden’s roughly $12 billion request woul...
Posted: Aug 22, 2023
WOODBRIDGE, N.J., August 22, 2023 – Recognizing the critical role of Workers Compensation in the cost structure and strategy of Utility Contractors, NIP Group is excited to announce the nationwide expansion of its UtilityPro™ insurance program in par...
Posted: Aug 22, 2023
San Francisco, CA., August 22, 2023 — InsurSign is proud to announce the launch of its flagship product, InsurHub, a more affordable alternative to DocuSign, offering unlimited signatures and designed specifically for carriers and agencies. Ins...
Posted: Aug 22, 2023
ELKTON, S.D. (AP) – Two people died when a car was struck by train in South Dakota, an accident that caused the train to derail and crash into a grain elevator. The South Dakota Highway Patrol said the accident that …
Posted: Aug 22, 2023
Ukraine’s government is in talks with insurers to start a new program to cover ships hauling grain through some of the riskiest parts of the Black Sea. The service could start as soon as early September, though a precise framework …
Posted: Aug 22, 2023
U.S. auto safety regulators said on Monday that they are investigating whether Ford Motor’s 2022 recall of nearly 49,000 Ford Mustang Mach-E electric vehicles adequately addressed concerns and whether it should be expanded to more vehicles. For...
Posted: Aug 22, 2023
Hours before a Norfolk Southern train derailed in Ohio and erupted in fire in February, a judge ruled a former railroad employee could proceed with a lawsuit claiming he had been harassed for years by managers who said he reported …
Posted: Aug 22, 2023
SentinelOne Inc., a cybersecurity company with a market value of about $5 billion, has been exploring options that could include a sale, according to people familiar with the matter. The Mountain View, California-based company became a takeover targe...
Posted: Aug 22, 2023
Florida property owners stuck with higher premiums and new flood insurance mandates may want to nudge their local governments to take a look at the town of Cutler Bay and the counties of Monroe, Pinellas and Ocala. Those jurisdictions are …
Posted: Aug 22, 2023
New Jersey has accepted a revised settlement over chemical dumping that turned parts of a Jersey Shore community into one of America`s most notorious toxic waste cleanup sites, but opponents say the deal is only marginally better than before and R...
Posted: Aug 22, 2023
A judge has ordered Starbucks to pay an additional $2.7 million in lost wages and tax damages to a former regional manager who was earlier awarded more than $25 million after alleging she and other white employees were unfairly punished …
Posted: Aug 22, 2023
A federal judge has dismissed an Erie Insurance complaint over how the Maryland insurance regulator has been handling allegations that the insurer unfairly discriminated against communities served by Black insurance agents in the Baltimore area. On J...
Posted: Aug 22, 2023
Destinee Thompson was supposed to be on her way to lunch with her stepmother in August 2021 when Colorado police, mistaking her for a robbery suspect, fatally shot the pregnant mother as she fled in her minivan. Frustrated by the …
Posted: Aug 22, 2023
AccuWeather’s preliminary estimate of the total damage and economic loss from Tropical Storm Hilary in the U.S. is $7 to $9 billion. Hilary brought widespread flooding through Southern California, washing out roads and bridges, flooding cars an...
Posted: Aug 21, 2023