Insurance Journal
A massive wildfire burning out of control in California’s Mojave National Preserve was spreading rapidly amid erratic winds, while firefighters reported progress against another major blaze to the southwest that prompted evacuations. The York F...
Posted: Jul 31, 2023
A federal judge dismissed a lawsuit alleging the Department of Homeland Security was negligent in a drug bust that resulted in the first New Mexico State Police officer killed in the line of duty in over three decades. U.S. District …
Posted: Jul 31, 2023
A judge has refused to dismiss a lawsuit alleging that a Delaware hospital system performed an autopsy on a 16-week-old fetus despite the parents refusing to give their consent. Superior Court Judge Patricia Winston denied a motion this week by ̷...
Posted: Jul 31, 2023
Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty (P&C) segment partially offset higher investment income. Profits at insurers came under pressure from a rise in catas...
Posted: Jul 31, 2023
The Hartford said second quarter net income was $542 million, an increase of 23% compared with the same period a year ago, driven by written premium growth of 12% in commercial lines. Net income from commercial lines was $458 million, …
Posted: Jul 31, 2023
Global commercial insurance pricing rose 3% in the second quarter of 2023, down from 4% in Q1, according to Marsh, which pointed to two notable trends during Q2: a moderation in cyber rates and continuing challenges in property insurance, which ̷...
Posted: Jul 31, 2023
A burning car carrier off the Dutch coast is being towed to a new location away from shipping routes as part of a difficult operation to salvage the ship, the Dutch water board Rijkswaterstaat and media said. The ship will …
Posted: Jul 31, 2023
A burning car carrier off the Dutch coast has been towed to a new location away from shipping lanes as part of an operation to salvage the ship, the Dutch public works and water management ministry and local media said …
Posted: Jul 31, 2023
Soaring global temperatures may make large parts of the world “uninsurable,” according to Spain’s largest insurance firm. Climate change “has the potential of changing the insurance business profoundly and making part of the w...
Posted: Jul 31, 2023
Ford Motor said Friday it is recalling 870,000 F-150 trucks in the United States because of the risk of an unexpected activation of the electric parking brake due to a potential wiring issue. The recall covers 2021 through 2023 model …
Posted: Jul 31, 2023
A U.S. judge on Friday shot down Johnson & Johnson’s second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy, imperiling a proposed $8.9 billion settlement that would stop new lawsuits from being filed....
Posted: Jul 31, 2023
A South Carolina judge A judge has signed off on a $15.5 million settlement for the family of Mallory Beach, the 19-year-old girl who died in a 2019 boat crash that is believed to have set in motion the downfall …
Posted: Jul 31, 2023
Rolling Fork, Mississippi (AP) — Many were not just killed at home. They were killed by their homes. Angela Eason had visited Brenda Odoms’ tidy mobile home before. It was a place where Odoms, who had many tragedies in her …
Posted: Jul 31, 2023
Florida insurance agents will soon be able to access a new online clearinghouse platform designed to make it easier to steer policyholders away from the still-growing, state-created Citizens Property Insurance Corp. The $35.7 million investment, appr...
Posted: Jul 31, 2023
The U.S. Department of Justice on Friday asked the U.S. Supreme Court to stop Purdue Pharma from proceeding with a bankruptcy settlement that protects its Sackler family owners from lawsuits. An appeals court rejected a proposed delay earlier this we...
Posted: Jul 31, 2023
Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped shape in Las …
Posted: Jul 31, 2023
As authorities continue to investigate a crane collapse that rained thousands of pounds of steel debris onto a busy Manhattan thoroughfare Wednesday, the owner and operator of the failed crane are facing scrutiny over past safety failures. The tower...
Posted: Jul 31, 2023
Local officials said Friday there`s no immediate sign of health or safety risks from a northern New York solar farm battery fire that burned overnight and may persist for some time. The blaze near the tiny village of Chaumont prompted …
Posted: Jul 31, 2023
This post is part of a series sponsored by Insurance Quantified. “I Know, You Don’t Have Time to Read This. You’re Drowning in Submissions.” I’ve had the opportunity to spend part of my career helping insurance carriers...
Posted: Jul 28, 2023
NEW ORLEANS (AP) – New Orleans Pelicans star Zion Williamson, his stepfather and his mother allegedly have failed to pay back $1.8 million of a $2 million loan from a California-based technology company. In a civil lawsuit filed this week …
Posted: Jul 28, 2023
INDIANAPOLIS (AP) – Three Butler University women’s soccer players filed a federal lawsuit Wednesday alleging the team’s former athletic trainer sexually assaulted and groomed multiple players on the team. Michael Howell allegedly committ...
Posted: Jul 28, 2023
EAST LANSING, Mich. (AP) – Women who were sexually assaulted by former Michigan State University sports doctor Larry Nassar filed a lawsuit Thursday saying school officials made “secret decisions” about releasing documents in the case. Th...
Posted: Jul 28, 2023
BATON ROUGE, La. (AP) – This summer – as blistering heat waves scorched the Southwest, wildfire smoke from Canada choked much of North America, a drought in the central U.S. devastated soybean and corn crops, and storms flooded parts of …
Posted: Jul 28, 2023
OMAHA, Neb. (AP) – The costs associated with Norfolk Southern`s fiery February derailment in Ohio have more than doubled to $803 million as the railroad works to clean up the mess and moves forward with all the related lawsuits. Norfolk …
Posted: Jul 28, 2023
This edition of International People Moves details appointments at Everest Insurance International and SiriusPoint. A summary of these new hires follows here. Everest Insurance Int’l Taps Chubb’s Brionne, Benson, Promotes Mah Everest Insu...
Posted: Jul 28, 2023