Insurance Journal
Seven states experienced at least $1 billion in total insured severe weather loss for the first half of 2023, according to an update from BMS Group. Texas led all states with insured severe weather loss of $7.2 billion while Illinois, …
Posted: Jul 13, 2023
A rising tide carries all boats. That rings true currently in commercial insurance. Carriers have broadly brushed aside concerns about geopolitics, inflation and natural catastrophes and reported positive year-to-date underwriting results. Leaders ta...
Posted: Jul 13, 2023
The European Union’s drug regulator expanded its investigation into a possible risk of suicidal thoughts associated with a new class of weight-loss medicines and a separate analysis found that most patients stopped taking the medications after...
Posted: Jul 13, 2023
A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for misrepresenting the investment risk posed by a group of hedge funds that collapsed amid market fluctuations caused by the Covid-19 pandemic. US …
Posted: Jul 13, 2023
The world of cannabis podcasts is as varied as it is broad. Some podcasts focus on the best ways to consume. Others have a business focus. There are podcasts focused almost solely on data, podcasts with a venture capital bent, …
Posted: Jul 13, 2023
A Northern California man who was left paralyzed after he was slammed to the ground during a traffic stop won a $20 million settlement, one of the largest in the state`s history, officials announced. Gregory Gross, an Army veteran who …
Posted: Jul 13, 2023
Crews extinguished the intensely burning fire aboard a cargo ship docked in New Jersey after nearly a week and are now beginning their investigation into the blaze that killed two firefighters, officials said Tuesday. “We can officially declare...
Posted: Jul 13, 2023
The Justice Department on Tuesday said that Donald Trump can be held personally liable for remarks he made about a woman who accused him of rape — a reversal of its position that Trump was protected because he was president …
Posted: Jul 13, 2023
Dozens of insurance companies are suing Minneapolis-based Xcel Energy to recoup money paid out to homes and businesses lost in Colorado`s most destructive wildfire in 2021. The lawsuit was filed Thursday, a few weeks after investigators announced tha...
Posted: Jul 12, 2023
-Marsh McLennan Agency, a subsidiary of Marsh, today announced the acquisition of Arlington Heights, Illinois-based Trideo Systems, a risk management information system (RMIS) provider for health care organizations. Terms of the acquisition were not...
Posted: Jul 12, 2023
The Texas Windstorm Insurance Association Actuarial & Underwriting Committee met Tuesday, July 11 and voted to recommend increasing rates for residential policies by 5% and commercial policies by 8% for 2024. The TWIA Board of Directors will vote...
Posted: Jul 12, 2023
Maynor Estuardo Álvarez used to stand the Texas heat, but not anymore. Something changed in his body last summer while working as a painter in an apartment in Houston. It was the afternoon, the temperature had surpassed 100 degrees and …
Posted: Jul 12, 2023
COLUMBUS, Ohio (AP) – The railroad industry has sued to block a new minimum crew- size requirement that Ohio imposed after a fiery train derailment in East Palestine in February. The new rule was part of a $13.5 billion state …
Posted: Jul 12, 2023
Chinese state-linked hackers have secretly accessed email accounts at around 25 organizations including government agencies in a sweeping cyberespionage campaign, Microsoft said on Wednesday. In an interview with ABC television, White House national...
Posted: Jul 12, 2023
This post is part of a series sponsored by AgentSync. Michigan’s Clean Slate package is now fully in effect. While the laws aim to give dignity to individuals with difficult legal histories, they’ll undoubtedly cause headaches for complia...
Posted: Jul 12, 2023
MADISON, Wis. (AP) __ A wildfire in central Wisconsin has consumed almost 1000 acres (405 hectares) and forced evacuations of scores of properties. State Department of Natural Resources officials said at a news conference Tuesday that the fire began...
Posted: Jul 12, 2023
About 6 million homes in the U.S. are considered uninsurable due to wildfire risk. The models at Delos Insurance say about half of those homes are absolutely insurable. “Delos sees a lot more insurable homes in California than other insurance &...
Posted: Jul 12, 2023
California Insurance Commissioner Ricardo Lara issued a decision regarding the workers’ compensation insurance pure premium rate filing that average $1.46 per $100 of payroll, 2.6% below the average of the approved September 1, 2022 advisory pu...
Posted: Jul 12, 2023
Nashville-based HCAHealthcare, the largest for-profit operator of hospitals and clinics in the U.S., said that patient information had been leaked to an online forum. The breach leaked data for as many as 11 million patients, making it the largest kn...
Posted: Jul 12, 2023
The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said in a research note on Wednesday. Reinsurers, which i...
Posted: Jul 12, 2023
A landslide tore apart luxury homes on Southern California`s Palos Verdes Peninsula this week, leaving a confused jumble of collapsed roofs, shattered walls, tilted chimneys and decks dangling over an adjacent canyon. The slide in the Los Angeles Cou...
Posted: Jul 12, 2023
A 6-year-old Florida boy has died after he was attacked by a pit bull-mix dog that lived in the same home. The North Port Police Department said the boy suffered extensive injuries to his upper torso and was flown to …
Posted: Jul 12, 2023
A storm that left up to two months` worth of rain in Vermont and saturated other parts of the Northeast was moving out Tuesday, but more flooding was expected after already cutting off access to some communities, including the main …
Posted: Jul 12, 2023
Verlingue has acquired a majority stake in the insurance broker INSER, in line with its Verlingue 2024 strategic plan to create a major European, family-owned, independent insurance broker. Financial details of the deal were not disclosed. The INSER&...
Posted: Jul 12, 2023
This edition of International People Moves details appointments at Aon and Zurich Insurance. A summary of these new hires follows here. Aon Names UK Leaders for Reinsurance Solutions Insurance broker Aon plc outlined the new simplified structure of i...
Posted: Jul 12, 2023