Insurance Journal
Marsh McLennan Agency, a subsidiary of Marsh, announced Aug. 1 the acquisition of Graham Company, a leading risk management consultancy and one of the top independent insurance and employee benefits brokers in the U.S. Terms of the acquisition were n...
Posted: Aug 02, 2023
The Connecticut Supreme Court has overturned a trial court and ruled that municipalities and government agencies are not entitled to qualified immunity for negligent operation of emergency vehicles. In a case involving a car accident caused by a Bloo...
Posted: Aug 02, 2023
The Scottsbluff solar farm in western Nebraska was built to withstand most hailstones. But the icy pellets that rained down in late June were bigger than baseballs. The hail — part of a larger pattern of severe storms, heat and …
Posted: Aug 02, 2023
For the first time in three years, Florida’s struggling domestic residential property insurers have posted a quarterly profit, according to an analysis by S&P Global Market Intelligence. Excluding Citizens Property Insurance Corp., Florida...
Posted: Aug 02, 2023
For the first time in three years, Florida’s struggling domestic residential property insurers have posted a quarterly profit, according to an analysis by S&P Global Market Intelligence. Excluding Citizens Property Insurance Corp., Florida...
Posted: Aug 02, 2023
A federal judge on Thursday dismissed a lawsuit accusing Kraft Heinz & Co KHC.O of misleading consumers by promising it takes only 3-1/2 minutes to prepare a cup of microwavable Velveeta macaroni and cheese. U.S. District Judge Beth Bloom in R...
Posted: Aug 02, 2023
Churchill Downs will implement safety measures for its September meet including new track surface maintenance equipment and additional monitoring and equine care following 12 horse deaths before and after the Kentucky Derby that spurred suspension of...
Posted: Aug 02, 2023
Poor track conditions that should have been flagged by a freight railroad company’s inspectors caused the derailment of an Amtrak train in Montana that killed three people and injured 49 others in 2021, federal investigators said in a final rep...
Posted: Aug 02, 2023
Poor track conditions that should have been flagged by a freight railroad company’s inspectors caused the derailment of an Amtrak train in Montana that killed three people and injured 49 others in 2021, federal investigators said in a final rep...
Posted: Aug 02, 2023
Generation Z insurance consumers – or those born between roughly 1997 and 2012 – want the insurance process to be authentic, honest, and immediate. That’s according to guests on The Insuring Cyber Podcast’s quarterly InsurTech update epis...
Posted: Aug 02, 2023
This edition of International People Moves details appointments at Miller, HSB Canada and HDI Global. A summary of these new hires follows here. Miller Taps Marsh’s Holloway as Head of Europe Miller, the London-based specialist reinsurance brok...
Posted: Aug 02, 2023
The Rhine River has been a reliable shipping lane for centuries, helping spawn industrial giants along its banks. But those days are coming to an end, and the scramble is made all the more urgent as Germany’s government fails to …
Posted: Aug 02, 2023
A price-fixing scandal at Japan’s biggest casualty insurers is escalating following a media report that the suspected collusion is likely to be wider than initially believed. Shares of Tokio Marine Holdings Inc., MS&AD Insurance Group Holdi...
Posted: Aug 02, 2023
Mosaic Insurance has secured strategic investment from two US growth-capital providers to drive the specialty insurer’s talent acquisition and product development. Alternative asset manager Atalaya Capital Management and financial services-focu...
Posted: Aug 02, 2023
Consilium, the London-based re/insurance brokerage arm of Aventum Group, has been granted a license by the Cayman Islands Monetary Authority (CIMA). Consilium’s focus in the region will be in the financial and professional lines, construction a...
Posted: Aug 02, 2023
Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 a.m. to hand out assignments. Now that they work from...
Posted: Aug 02, 2023
FEMA’s National Flood Insurance Program (NFIP) substantially improved ratemaking by implementing Risk Rating 2.0 in 2021 but the program faces a potentially significant premium shortfall, a study by the U.S. Government Accountability Office (GA...
Posted: Aug 02, 2023
Despite movement in limit and deductible levels, public directors & officers (D&O) pricing continues to drop for the fifth consecutive quarter. The pricing index from Aon Commercial Risk Solutions’ Financial Services Group decreased to...
Posted: Aug 02, 2023
Financial services company Vesttoo said on Tuesday it was laying off about 75% of its staff and closing some offices in Asia, as it tries to recover from a scandal over a fraudulent letter of credit used as collateral in …
Posted: Aug 02, 2023
X Corp, the social media company formerly known as Twitter, and owner Elon Musk have asked a Delaware federal judge to dismiss one of several lawsuits claiming they failed to pay promised severance to laid-off employees. X, in a filing …
Posted: Aug 02, 2023
A South Carolina police officer and his roommate, a police department recruit, will face only misdemeanor penalties after agreeing to avoid law enforcement work for the rest of their lives. The plea agreement came after the two were charged with R...
Posted: Aug 02, 2023
CRC Group, one of the the largest wholesale specialty insurance distributors, has named Farrah Schubmehl president of the group’s Nashville office. She has been senior vice president and property broker at CRC and will succeed Jake Blackshear,...
Posted: Aug 02, 2023
A federal appeals court has clarified, at least under the realm of Texas law, when an insurer has a duty to indemnify – even if it has no duty to defend a tort action against the insured thanks to an …
Posted: Aug 02, 2023
The owner of a Massachusetts physical therapy clinic who defrauded 24 auto insurers by submitting largely bogus treatment claims was sentenced Wednesday to three years in prison and ordered to pay $7,383,756 in restitution. Gyulnara Bayryshova, the 5...
Posted: Aug 02, 2023
Santiago G. Rodriguez, of Bothell, Washington, was added to Washington Insurance Commissioner Mike Kreidler’s most wanted list after being charged with insurance fraud by the Snohomish County Prosecutor’s Office. A bench warrant was issue...
Posted: Aug 02, 2023