Insurance Journal
This post is part of a series sponsored by IAT Insurance Group. Fires can wreak havoc on buildings, causing property damage to both occupants and building owners and in the most severe cases, fatality. Non-residential building fires in the United ...
Posted: Jun 27, 2023
Hagerty, Inc., an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, announced that the company is raising $105 million in capital from existing strategic investors including Stat...
Posted: Jun 27, 2023
American Financial Group, Inc. said John B. Berding has been elected president of AFG, effective immediately. Berding will continue to serve as president of American Money Management Corporation (AMMC), AFG’s subsidiary providing investment man...
Posted: Jun 27, 2023
A man was killed early this week and cruise line arrivals were disrupted after a 30-foot boat hit a ferry near Miami, authorities said. Another man was hospitalized in serious condition after the boat hit the Fisher Island Ferry about …
Posted: Jun 27, 2023
Republican Attorney General Daniel Cameron directly solicited donations for his gubernatorial campaign from executives with a Kentucky drug treatment organization that his office began investigating last year, according to an attorney for the organiz...
Posted: Jun 27, 2023
It seems that few are safe from soaring property insurance rates in Florida, not even those with strong connections to a higher authority. The Crux, a Catholic news outlet, reported that the Catholic Church’s Pensacola-Tallahassee Diocese has b...
Posted: Jun 27, 2023
Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine months by a Munich court on Tuesday for fraud in the 2015 diesel scandal, becoming the first former Volkswagen board member to receive such a …
Posted: Jun 27, 2023
Insurers have come a long way on climate change, but they have a long way to get where we need to be to deal with a more hazardous planet. That was the assessment from Washington Insurance Commissioner Mike Kreidler, a …
Posted: Jun 27, 2023
A U.S. judge on Monday granted preliminary approval to JPMorgan Chase’s $290 million settlement with women who said Jeffrey Epstein abused them, and that the largest U.S. bank turned a blind eye to the late financier’s sex trafficking. Th...
Posted: Jun 27, 2023
Assicurazioni Generali’s plans to shed up to 20 billion euros ($21.87 billion) of insurance liabilities are being hampered as a surge in interest rates has complicated talks with buyers, three people familiar with the matter said. The Italian i...
Posted: Jun 27, 2023
Preliminary testing of water and air quality along a stretch of the Yellowstone River on Montana where train cars carrying hazardous materials fell into the waterway following a bridge collapse did not indicate any threat to the public, state and ...
Posted: Jun 27, 2023
Johnson & Johnson’s proposed $8.9 billion settlement of thousands of lawsuits alleging that its talc products cause cancer faces a crucial hurdle this week as a U.S. bankruptcy judge in New Jersey considers whether or not a J&J subsidia...
Posted: Jun 27, 2023
Pennsylvania’s state Senate wants to expand a ban on texting while driving and approved legislation on Thursday that would increase the penalties for motorists who are handling their cell phones for almost any activity while driving. The bill,...
Posted: Jun 27, 2023
Canada’s British Columbia Highway 99 was closed in both directions on Monday due to a brush fire, the British Columbia Wildfire Services (BCWS) said in a post on Twitter. The brush fire broke out in southwest of Whyte Lake, approximately …...
Posted: Jun 27, 2023
More than 90% of the world’s marine food supplies are at risk from environmental changes such as rising temperatures and pollution, with top producers like China, Norway and the United States facing the biggest threat, new research showed on Mo...
Posted: Jun 27, 2023
Howden, the London-based insurance group, announced the appointment of Rowan Douglas as CEO, Climate Risk & Resilience, effective June 26. Douglas’ role is to continue to build an expert, full spectrum function to support the group worldwid...
Posted: Jun 27, 2023
Howden, the London-based insurance group, announced the appointment of Rowan Douglas as CEO, Climate Risk & Resilience, effective June 26. Douglas’ role is to continue to build an expert, full spectrum function to support the group worldwid...
Posted: Jun 27, 2023
Australia’s banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its information security after a major hacking breach. Shares of the countr...
Posted: Jun 27, 2023
PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice but is unlikely to repair its toxic brand in the country anytime soon, according to experts. PwC said on Sunday …
Posted: Jun 27, 2023
Publishers Clearing House (PCH), which offers sweepstakes where people can win thousands of dollars per week for life, has agreed to pay $18.5 million and change its business practices to settle allegations it misled consumers about its contests, the...
Posted: Jun 27, 2023
Commercial space travel shares plenty of similarities with deep sea tourism: wealthy customers, tight spaces, far-flung destinations and waivers that clearly warn people they’re risking death by embarking on unregulated vehicles. As the world d...
Posted: Jun 27, 2023
The Florida Insurance Guaranty Association, which handles the claims of insolvent insurers, plans to borrow $600 million by selling municipal bonds, according to preliminary offering documents. It is the first time in three decades the agency has tap...
Posted: Jun 27, 2023
Florida lawmakers this year approved a measure that could help reduce liability insurance premiums for home and condo builders – and limit exposure and litigation for liability insurers. But Senate Bill 360, which took effect in April, could also mak...
Posted: Jun 27, 2023
Connecticut is updating its captive insurance laws to provide more flexibility for established captive cells and allow captives to accept and transfer risk using parametrics. The legislation also provides tax benefits for owners of dormant captives....
Posted: Jun 27, 2023
A Massachusetts town is immune from liability for the death of an ATV rider who was killed after striking a wire cable strung across a right of way on town land by the owner of the adjacent private property. The …
Posted: Jun 27, 2023