Insurance Journal
The driver of a stolen vehicle struck several pedestrians near Grand Central Station in Manhattan on Tuesday, causing 10 non-life-threatening injuries, according to police and fire department officials. The incident, which was followed by the arrest...
Posted: Aug 02, 2023
The driver of a stolen vehicle struck several pedestrians near Grand Central Station in Manhattan on Tuesday, causing 10 non-life-threatening injuries, according to police and fire department officials. The incident, which was followed by the arrest...
Posted: Aug 02, 2023
Containment on an 80,000-plus-acre wildfire in Southern California grew to 23% on Tuesday, as firefighters made some progress against the state’s most massive ongoing blaze. It was listed as being at 0% containment a day earlier. The York Fire...
Posted: Aug 01, 2023
Allstate Corp. reported net catastrophe losses of $2.7 billion in the second quarter, resulting in a net loss for the period of $1.4 billion as catastrophe and underwriting losses offset other favorable factors. President and CEO Tom Wilson said the...
Posted: Aug 01, 2023
American International Group saw second quarter growth in net premiums written in its general insurance segment to $7.5 billion, a 10% increase from the same time a year ago. The insurer’s second quarter net income attributable to common shareh...
Posted: Aug 01, 2023
NEW ORLEANS (AP) – A McDonald`s franchise that controls 12 restaurants in metro New Orleans violated child labor laws and has hired more than 80 minors in two states, the U.S. Department of Labor said. CLB Investments LLC in Metairie …
Posted: Aug 01, 2023
This post is part of a series sponsored by AgentSync. Key takeaways: What automation looks like for variable lines compliance How automated broker compliance can help or harm carrier reputations Why broker preferences are the future of variable annui...
Posted: Aug 01, 2023
Almost 6 million Texans, or about 20% of the population, live in an area susceptible to flooding, according to first-of-its-kind data gathered as part of a statewide effort to harden Texas against floods and rising sea levels. The analysis is …
Posted: Aug 01, 2023
MINNEAPOLIS (AP) – Minnesotans can legally possess and grow their own marijuana for recreational purposes starting Tuesday, Aug. 1, subject to limits meant to keep a lid on things while the state sets up a full-blown legal cannabis industry. The R...
Posted: Aug 01, 2023
PCF Insurance Services said today that it closed $400 million in incremental debt financing led by Blue Owl, a global alternative asset manager that acted as lead arranger and admin agent. The financing was upsized from $300 million to $400 …
Posted: Aug 01, 2023
LEAVENWORTH, Kan. (AP) – An inmate is suing one of the nation`s largest private prison operators over his 2021 stabbing inside a now-defunct maximum security federal facility in Kansas. Joshua Braddy, who is now incarcerated in Illinois, amended his...
Posted: Aug 01, 2023
U.S. auto safety regulators said Tuesday they have opened an investigation into 280,000 new Tesla Model 3 and Model Y vehicles over reports of loss of steering control and power steering. The National Highway Traffic Safety Administration (NHTSA) ope...
Posted: Aug 01, 2023
Amendments to Michigan’s no-fault law passed by the state legislature in 2019 do not allow auto insurers to cut fees or limit hours of attendant care provided to auto accident victims who were injured before the changes took effect, the …
Posted: Aug 01, 2023
Social media platform X, formerly known as Twitter, on Monday sued a nonprofit that fights hate speech and disinformation, accusing it of asserting false claims and encouraging advertisers to pause investment on the platform. U.S. media reported earl...
Posted: Aug 01, 2023
Crews battled “fire whirls” in California’s Mojave National Preserve as a massive wildfire crossed into Nevada amid dangerously high temperatures and raging winds. The York Fire was mapped at roughly 120 square miles on Monday night...
Posted: Aug 01, 2023
New Hampshire Governor Chris Sununu has signed into law legislation establishing pet insurance regulations. “Pets become family,” said Governor Chris Sununu. “This law will provide Granite Staters with peace of mind and opportunity...
Posted: Aug 01, 2023
Former Mississippi Gov. Phil Bryant is suing a local news organization, claiming it defamed him in public comments on the misspending of $77 million of federal welfare funds intended to help some of the poorest people in the U.S. The …
Posted: Aug 01, 2023
Another structural issue has been located with a large roller coaster that’s been closed for weeks since a large crack in a support column was discovered, a North Carolina agency confirmed on Friday. A Swiss-based engineering company that desig...
Posted: Aug 01, 2023
WOODBRIDGE, NJ, August 1, 2023 – NIP Group, a renowned specialty insurance provider, is thrilled to announce the nationwide expansion of its highly successful GrowPro® insurance program. Originally designed to cater to hydroponic growers, green...
Posted: Aug 01, 2023
Nashville-based trucking company Yellow Corp., just shy of its 100th birthday, has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of...
Posted: Aug 01, 2023
Treasury Secretary Janet Yellen said the weather-related havoc playing out across the US is exposing a “protection gap” for Americans seeking insurance against property losses. Yellen, who also chairs the Financial Stability Oversight Cou...
Posted: Aug 01, 2023
Drawing analogies to an epic tennis match and the hands of a clock, the leader of Bermuda-based Arch Capital declared the current hard market one of the longest the P/C industry has ever experienced. “This is the type of well-rounded …
Posted: Aug 01, 2023
A coalition of gig economy giants plan to reboot a failed ballot initiative in Massachusetts in a renewed push to cement their workers’ status as independent contractors. The Massachusetts Coalition for Independent Work, a group bankrolled by U...
Posted: Aug 01, 2023
A Spanish court on Friday exempted a Swedish mining firm from paying 89 million euros ($98 million) in compensation for the cleaning of a toxic sludge spill that occurred in 1998 at a heavy metals mine in southern Spain. The …
Posted: Aug 01, 2023
This edition of International People Moves details appointments at Marsh and Howden. A summary of these new hires follows here. Marsh Promotes Duca to Global Head of Credit Specialties Marsh, the insurance broker and risk adviser, announced the appoi...
Posted: Aug 01, 2023