Insurance Journal
U.S. property/casualty insurers that focused on difficult to place risks distanced themselves from their peers in key metrics measuring earnings, underwriting profitability, balance sheet growth and other indicators of success, according to S&P G...
Posted: Jul 21, 2023
Florida property insurers now have a week to attest that they have and use claims-handling manuals that reflect industry practices and standards, the state Office of Insurance Regulation said in a bulletin. By Aug. 1, insurance carriers must submit a...
Posted: Jul 21, 2023
Tropical Storm Calvin brought high surf, heavy rain and gusts to parts of Hawaii`s Big Island on Wednesday, only inflicting minor damage. By late morning, the storm had passed to the west and the National Weather Service called off its …
Posted: Jul 21, 2023
A Tennessee firefighter died and three others were hospitalized after they became trapped while battling a house fire late Tuesday, fire officials said. Fire crews were called to a house fire on Rile Street around 11:30 p.m., the Memphis Fire …
Posted: Jul 21, 2023
A South Florida jury awarded $800,000 in damages to a little girl who received second-degree burns when a hot Chicken McNugget fell on her leg as her mother pulled away from the drive-thru of a McDonald`s restaurant. Lawyers for the …
Posted: Jul 21, 2023
HUB International Ltd. (HUB), the Chicago-based insurance brokerage and financial services firm, announced the launch of HUB Franchise Insurance Solutions, a digital platform to help franchisors and franchisees manage their insurance needs in one loc...
Posted: Jul 21, 2023
Microsoft was hit with an EU antitrust complaint by German rival alfaview on Thursday, the second so far over its bundling of video app Teams into its Office product, as the bloc’s regulator prepares to investigate the U.S. tech giant. …
Posted: Jul 21, 2023
Insured losses from hurricanes have risen steadily over just the past 15 years, with nine of the 10 costliest hurricanes in U.S. history occurring since 2005, according to the Insurance Information Institute (Triple-I). U.S. population growth in hurr...
Posted: Jul 21, 2023
New York City has agreed to pay more than $13 million to settle a civil rights lawsuit brought on behalf of roughly 1,300 people who were arrested or beaten by police during racial injustice demonstrations that swept through the city …
Posted: Jul 21, 2023
New York City has agreed to pay more than $13 million to settle a civil rights lawsuit brought on behalf of roughly 1,300 people who were arrested or beaten by police during racial injustice demonstrations that swept through the city …
Posted: Jul 21, 2023
A Connecticut man who was exonerated after serving 28 years in prison for killing a baby in 1994 has filed a lawsuit against the city of New Haven and six now-former police officers involved in his arrest. Adam Carmon, 51, …
Posted: Jul 21, 2023
The ongoing cyberattack exploiting MOVEit file-transfer software has taken a toll on US colleges and universities. At least 30 institutions have been notified that personal information of students and employees may have been exposed through vendors —...
Posted: Jul 21, 2023
Insurtech Loadsure announced the launch of digital ocean cargo and stock throughput insurance products: “Danube – Dynamic Ocean Cargo Insurance” and “Huron.” Loadsure described the products as “powerful tools for b...
Posted: Jul 21, 2023
Companies with flexible in-office policies are hiring faster than those that have fully returned to pre-pandemic attendance rules. But landing a flexible job still comes with challenges. New research from Scoop Technologies Inc., which advises organi...
Posted: Jul 21, 2023
The Hanover Insurance Group Inc. announced a preliminary estimate for second quarter catastrophe losses of approximately $262 million, before taxes, or 18.5 points of net earned premium. Second quarter catastrophe losses stemmed from 19 convective st...
Posted: Jul 21, 2023
More than half of Britons would vote to rejoin the European Union for the first time since the nation opted to leave the bloc seven years ago, YouGov polling showed. Some 51% of Britons told the polling company that they …
Posted: Jul 21, 2023
Ukraine said any ships heading to Russian ports may be military targets, a tit-for-tat response to a threat from Moscow that escalates the war’s risk to global food markets. Since Moscow halted the Black Sea agreement that allowed Ukraine to &#...
Posted: Jul 21, 2023
FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt. The complaint filed in Delaware bankrup...
Posted: Jul 21, 2023
The threat of Russian aggression towards Ukraine’s Black Sea ports and ships will force the country to export its enormous quantities of grain by river, road and rail — all of which are fraught with challenges. After exiting the Black …
Posted: Jul 21, 2023
A federal court in Florida has ordered the former CEO of an insurance industry finance company to pay almost $9 million, plus interest and attorney fees, to his former firm after he engaged in self-dealing and failed to disclose his …
Posted: Jul 21, 2023
Direct Connection Advertising & Marketing in California acquired FastrackCE, a state-approved provider insurance continuing education courses. With the acquisition, Direct Connection will now service existing and future FastrackCE customers. Fast...
Posted: Jul 21, 2023
A Rochester, New York technology firm has been charged with allegedly violating federal law by ending its interview with and failing to hire a qualified applicant for an engineering role because he is deaf. According to a lawsuit by the …
Posted: Jul 21, 2023
A Rochester, New York technology firm has been charged with allegedly violating federal law by ending its interview with and failing to hire a qualified applicant for an engineering role because he is deaf. According to a lawsuit by the …
Posted: Jul 21, 2023
This post is part of a series sponsored by InsurBanc. When it comes to purchasing an insurance agency, onboarding the entire book of business is extremely important. Otherwise, the sale price may not reflect the agency’s true value to you. R...
Posted: Jul 20, 2023
A flawed policy at California State University, the largest higher education system in the country, contributed to the closure of nearly a dozen sexual harassment cases without thorough explanation, according to a state audit reviewing 40 cases over...
Posted: Jul 20, 2023