Insurance Journal
AccuWeather is launching what it says is the only scale that tracks the duration and severity of heat waves, which are becoming more common occurrences due to factors like climate change, deforestation and urban heat island effects. AccuWeather’...
Posted: Jun 29, 2023
Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to Nationwide brokers this week and obtained by Insurance J...
Posted: Jun 29, 2023
HOMELINK appoints Unsen as SVP of Systems HOMELINK, headquartered in Waterloo, Iowa, appointed John Unsen as senior vice president of systems. Most recently, Unsen served as vice president of systems for VGM Insurance and previously as director of op...
Posted: Jun 29, 2023
DALLAS (AP) – Personal information for more than 8,000 applicants to become pilots at American Airlines and Southwest Airlines was stolen when hackers broke into a data base maintained by a recruiting company. The breach at Austin, Texas-based...
Posted: Jun 29, 2023
CHICAGO (AP) – Drifting smoke from the ongoing wildfires across Canada is creating curtains of haze and raising air quality concerns throughout the Great Lakes region, and in parts of the central and eastern United States. Michigan’s Depa...
Posted: Jun 29, 2023
HOT SPRINGS, Ark. (AP) – A small airplane crashed and sank into Arkansas’ Lake Hamilton, not far from Hot Springs Memorial Field Airport, killing the pilot and injuring his daughter, authorities said. The single-engine Cessna 177 Cardinal...
Posted: Jun 29, 2023
The US Supreme Court effectively barred universities from using race as a factor in university admissions, marking the start of a new era in higher education and rolling back decades of precedents. Voting 6-3 along ideological lines, the justices sai...
Posted: Jun 29, 2023
The U.S. Supreme Court on Thursday bolstered the ability of employees to obtain accommodations at work for their religious practices, reviving a lawsuit by an evangelical Christian former mail carrier accusing the Postal Service of discrimination aft...
Posted: Jun 29, 2023
The Workers’ Compensation Insurance Rating Bureau of California released its report on workers’ compensation losses and expenses for 2022. Key findings in the report include: Medical losses paid in 2022 were $4.4 billion, or 53 percent of...
Posted: Jun 29, 2023
If it’s not malaria-carrying mosquitoes, it’s stucco-eating giant snails. Neighborhoods in Broward County are still under quarantine in an effort to limit the spread of the giant African land snails, which were found in the area recently....
Posted: Jun 29, 2023
The US antitrust agencies are requiring firms to turn over much more information about their transactions than before in an overhaul to merger rules that could delay deals by months. The revamp of the so-called Hart-Scott-Rodino filing process, a mov...
Posted: Jun 29, 2023
This edition of International People Moves details appointments at Marsh, Chubb and Everest Insurance. A summary of these new hires follows here. Marsh Names Butler as UK Cyber Leader Marsh, the insurance brokerage business of Marsh McLennan, announc...
Posted: Jun 29, 2023
ChatGPT creator OpenAI Inc. is stealing “vast amounts” of personal information to train its artificial intelligence models in a heedless hunt for profits, a group of anonymous individuals claimed in a lawsuit seeking class action status....
Posted: Jun 29, 2023
Britain and the European Union signed a long-delayed post-Brexit cooperation pact in financial services on Tuesday, but the rapprochement is unlikely to restore EU access for the City of London anytime soon. The memorandum of understanding on regulat...
Posted: Jun 29, 2023
More than 20 years of cell cultures and other specimens stored at the Rensselaer Polytechnic Institute were destroyed when a cleaner switched off power to a lab freezer, according to a lawsuit filed by the school. RPI is seeking $1 …
Posted: Jun 29, 2023
OneDegree Hong Kong Ltd., a virtual insurance firm, raised $27 million in a fresh funding round to fuel an Asia expansion and investments in artificial intelligence. The company attracted fresh cash from global financial institutions as well as addit...
Posted: Jun 29, 2023
Major wind power developers including Iberdrola, RWE, EDP Renovaveis and Orsted played down the impact of potential problems with Siemens Gamesa onshore wind turbines. Siemens Gamesa parent Siemens Energy last week said problems with its more recent...
Posted: Jun 29, 2023
Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said last week. Kevin O’Donnell, president and chief executive offi...
Posted: Jun 29, 2023
Lamberto Mongardi, a farm owner in the northern Italian town of Lugo, was hit twice when torrential rain lashed the area last month: not only was much of his property washed away, but he also discovered his insurance cover excluded …
Posted: Jun 29, 2023
The Bank of England on Thursday proposed further reforms to capital rules for insurers in a step it said would cut red tape without lowering solvency standards. The Solvency II rules were inherited from the European Union and their reform …
Posted: Jun 29, 2023
Tinubu appoints Mignot as EVP, CRO Americas Tinubu promoted Stephan Mignot from senior vice president of Americas to executive vice president and chief revenue officer of Americas. Mignot launched the Tinubu operations in North America in 2015. In 20...
Posted: Jun 29, 2023
The lead negotiators for Johnson & Johnson’s proposed $8.9 billion settlement of thousands of talc lawsuits faced intense questioning in U.S. bankruptcy court on Wednesday about how much support the company has for the deal. During a multi-...
Posted: Jun 29, 2023
This post is part of a series sponsored by IAT Insurance Group. The most successful fleets are those that have a proactive safety culture and do more than what is dictated by federal and state regulations. They take full advantage …
Posted: Jun 29, 2023
“Climate washing” litigation has risen sharply in the last two years as environmental groups and governments grow frustrated with corporate claims about their contribution to tackling climate change, a report published on Thursday showed....
Posted: Jun 29, 2023
Newswise — Insurance companies have encouraged consumers to reduce their premiums by using monitoring technology for 25 years now, but consumers have been slow to embrace the idea. First introduced in 1998, the technologies monitor various aspects of...
Posted: Jun 29, 2023