Insurance Journal
Wind power developers proposed four new projects off the New Jersey Shore on Friday, a surge that would more than double the number of wind farms built off its coast if they are approved by regulators. At least two of …
Posted: Aug 09, 2023
The Florida Supreme Court this week declined to hear an appeal from Florida Farm Bureau General Insurance. The move essentially upholds a lower court that cut down the insurer’s argument that a burglar’s blood and fecal matter are not cov...
Posted: Aug 09, 2023
As state lawmakers rush to get a handle on fast-evolving artificial intelligence technology, they`re often focusing first on their own state governments before imposing restrictions on the private sector. Legislators are seeking ways to protect const...
Posted: Aug 09, 2023
Raging waters that ate away at riverbanks, destroyed at least two buildings and damaged others had receded Monday in Alaska`s capital city after an outburst of weekend flooding from a glacial lake, authorities said. Levels along the Mendenhall River...
Posted: Aug 08, 2023
Three people were killed after two firefighting helicopters collided in Southern California while fighting a blaze in Riverside County, emergency officials said. One of the helicopters landed safely. ” Unfortunately, the second helicopter crash...
Posted: Aug 08, 2023
GARLAND, Texas (AP) – A worker was injured early Monday when an explosion set a paint manufacturing plant in the Dallas suburbs ablaze and shot a series of fireballs into the night sky. A company spokesperson said the blast at …
Posted: Aug 08, 2023
The Missouri Department of Commerce and Insurance (DCI) said that consumer specialists will be on-site at the Multi-Agency Resource Center in Knox County, Missouri, to answer insurance questions and assist residents impacted by tornadoes and severe s...
Posted: Aug 08, 2023
The Missouri Department of Commerce and Insurance (DCI) said that consumer specialists will be on-site at the Multi-Agency Resource Center in Knox County, Missouri, to answer insurance questions and assist residents impacted by tornadoes and severe s...
Posted: Aug 08, 2023
Woodbridge, NJ., August 8, 2023 – NIP Group, a renowned specialty insurance provider, proudly announces the relaunch of its highly successful LandPro® program, specially tailored for larger residential and commercial landscapers facing the challenges...
Posted: Aug 08, 2023
PRINGFIELD, Ill. (AP) – Illinois will soon outlaw advertising for firearms that officials determine produces a public safety threat or appeals to children, militants or others who might later use the weapons illegally, as the state continues its ques...
Posted: Aug 08, 2023
Insurance companies are increasingly incorporating environmental, social and governance (ESG) factors into their underwriting processes when they examine risk. However, despite the increasing adoption of ESG-related factors by insurers, political pol...
Posted: Aug 08, 2023
A U.S. judge rejected Google’s bid to dismiss a lawsuit claiming it invaded the privacy of millions of people by secretly tracking their internet use. U.S. District Judge Yvonne Gonzalez Rogers on Monday said she could not find that users ̷...
Posted: Aug 08, 2023
Former Georgia Insurance Commissioner Jim Beck’s fraud conviction stands, but he won’t have to pay part of the restitution until after he’s released from prison, a federal appeals court decided Monday. The U.S. 11th Circuit Court of...
Posted: Aug 08, 2023
As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it is exiting the preferred home and auto insurance market. Kemper said it will “actively reduce the business immediately,” and non-renew...
Posted: Aug 08, 2023
Arthur J. Gallagher & Co. acquired Costa Mesa, California-based Wigmore Insurance Agency Inc. Tim Wigmore and his team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail...
Posted: Aug 08, 2023
Saying Gov. Ron DeSantis has followed the autocratic examples of governments in Russia and China, a group of mostly Republican former high-level government officials and business leaders has called the Florida governor`s takeover of Disney World`s go...
Posted: Aug 08, 2023
A charter bus carrying up to 50 people collided with a vehicle on an interstate in Pennsylvania, killing three people, state police said. The crash happened during heavy rain around 11:50 p.m. Sunday on southbound Interstate 81 in Dauphin County`s &#...
Posted: Aug 08, 2023
Massachusetts State Police must reinstate seven troopers who refused to be vaccinated for COVID-19, an independent arbitrator has ruled. The troopers have been on unpaid leave, but the arbitrator`s decision means they can return to work with retroact...
Posted: Aug 08, 2023
A hydra-headed breach centered on a single American software maker has compromised data at about 600 organizations worldwide, according to cyber analyst tallies corroborated by Reuters. But more than two months after the breach was first disclosed by...
Posted: Aug 08, 2023
The Public Utility Commission has approved a revised settlement totaling nearly $1 million with a gas utility over a 2019 explosion in western Pennsylvania that reduced a home to rubble and injured five people. Canonsburg-based Columbia Gas took resp...
Posted: Aug 08, 2023
U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk of climate-related damage to the underwriting side of their businesses, a new report said on Tuesday. A data sample c...
Posted: Aug 08, 2023
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Trans Re and CNA Hardy. A summary of these new hires follows here. BHSI Names AIG’s Bidmead as Head of Transactional Liability, As...
Posted: Aug 08, 2023
The overall property/casualty industry is expected to finish 2023 with a net combined ratio of 102.2, according to a recent webinar by the Insurance Information Institute (Triple-I) and Milliman. Triple-I and Milliman shared the results of their quar...
Posted: Aug 08, 2023
The third loss estimate for the Kahramanmaras Earthquake Sequence, which hit large parts of south-central Turkey and neighboring Syria on Feb. 6, 2023, has risen to $3.4 billion, according to PERILS, the independent Zurich-based organization that pro...
Posted: Aug 08, 2023
Investors are becoming more emboldened to file legal challenges against companies for their net zero claims, approaches to governance and other hot-button ESG issues, using a pair of underutilized provisions of a UK law. Standard Chartered Plc, BT Gr...
Posted: Aug 08, 2023