Insurance Journal
For dealmakers, this week’s Paris Air Show will showcase the boom in demand for commercial planes and military technology. What won’t be on display is the problem that has consumed time and attention of executives and consultants for the...
Posted: Jun 19, 2023
After appointees of Florida Gov. Ron DeSantis took over Walt Disney World’s governing district earlier this year, its firefighters were among the few employees who publicly welcomed them with open arms. But that warm relationship is in jeopardy...
Posted: Jun 19, 2023
The son of a woman whose body was donated to Harvard Medical School for research purposes filed a class-action lawsuit on Friday on behalf of all families who believe their loved ones’ body parts were mishandled by the school’s former ...
Posted: Jun 19, 2023
AM Best has revised the outlooks to negative from stable for Allegany Co-op Insurance Co., in Cuba, New York, and Conemaugh Valley Mutual Insurance Co. in Johnstown, Pennsylvania. These companies are collectively referred to as Allegany-Conemaugh Gro...
Posted: Jun 19, 2023
Companies accused of fueling the U.S. opioid crisis have so far paid out more than $3 billion to compensate states, but has any of the money reached the people who need it? It depends where you live. Yes, if you’re …
Posted: Jun 19, 2023
President Vladimir Putin said this month that Russia was considering withdrawing from the Black Sea grain deal as he accused the West of cheating Moscow because it still faced obstacles getting its own agricultural goods to world markets. Putin said...
Posted: Jun 19, 2023
Acrisure LLC, a large, closely-held insurance broker, is interviewing banks to go public next year, people with knowledge of the matter said, in a sign that equity markets may be opening up to new listings from strong companies. Grand Rapids, …
Posted: Jun 19, 2023
The owners of London’s ExCel conference center on Friday won a court ruling against insurers, including Royal & Sun Alliance, over pandemic-related losses, which its lawyers said could affect hundreds of thousands of policyholders. London I...
Posted: Jun 19, 2023
Trafigura Group is being sued by the billionaire Reuben brothers, as the fallout of a massive nickel fraud reverberates through global metal markets and ensnares some of the industry’s best-known figures. Legal filings seen by Bloomberg News sh...
Posted: Jun 19, 2023
Shell Plc, IAG SA’s British Airways, the British Broadcasting Corp., the state of Minnesota’s Department of Education, multiple federal agencies — they’re among the victims of the latest data breach launched by Clop, a Russian-speak...
Posted: Jun 19, 2023
ORLANDO – Just as some California insurance agents are expressing grave concerns about the future of that state’s insurance market, a number of Florida agents feel like they’ve turned something of a corner. “Things are getting bette...
Posted: Jun 19, 2023
The Florida Supreme Court has underscored the right for plaintiffs to win legal fees in some cases, even if they don’t prevail in court. The decision suggests that insurance companies’ efforts to reduce attorney fees in claims litigation...
Posted: Jun 19, 2023
The collapsed stretch of Interstate 95 in Philadelphia will reopen within two weeks, Pennsylvania’s governor said Saturday, after joining President Joe Biden on a helicopter tour over the critical segment of the highway closed to East Coast tra...
Posted: Jun 19, 2023
Fifteen people were injured Saturday when a mass transit bus crashed with two cars before hitting a building in Baltimore, police said. Baltimore police said officers in the city’s central district responded to a Maryland Transit Administration...
Posted: Jun 19, 2023
Two companies that sell top brands of household weedkiller will pay $6.9 million for allegedly making false and misleading claims regarding the safety of their products as part of a settlement with the New York attorney general’s office announc...
Posted: Jun 19, 2023
For specialty line insurance policies such as directors and officers liability, professional liability, cyber liability etc., claims made insurance policies are the most common type of policy issued. They are complex, and depending on the definition...
Posted: Jun 18, 2023
By Allen Laman Increases in auto accident severity, attorney involvement and litigation, as well as recreational activities are driving claims in the personal umbrella space — and one expert believes their impacts will only accelerate into the...
Posted: Jun 18, 2023
By Patrick Wraight It seems almost weekly there is a story or two in the national headlines addressing gun violence in the U.S., and a recent Insurance Journal article indicated respondents of a survey thought insurance could have a role …
Posted: Jun 18, 2023
Car enthusiasts know there’s nothing quite as exhilarating as driving off the lot with a brand-new automobile. That moment when you hit the open road for the first time marks the culmination of an exciting and sometimes exhausting process. Ther...
Posted: Jun 18, 2023
Florida’s legislature and Gov. Ron DeSantis took a big step forward during the 2023 Legislative Session with the signing of House Bill 837, which protects the state’s consumers and business owners from runaway legal costs that were threat...
Posted: Jun 18, 2023
By Jim Sams Seventeen former field inspectors for a company that provided damage estimates for McClenney Moseley & Associates filed a lawsuit against their former employer, saying they are owed for bonuses that were promised but never paid and un...
Posted: Jun 18, 2023
Fires and natural disasters are the top contributors to construction and engineering losses, according to an analysis by Allianz Global Corporate & Speciality (AGCS) of 22,000 insurance claims worth €12.8 billion during the five-year period from...
Posted: Jun 18, 2023
By Andrea Wells The U.S. construction sector continues to see strong growth in various sectors and geographies but higher interest rates, higher building costs, and a decades-long shortage of skilled labor are contributing to a “cautiously opti...
Posted: Jun 18, 2023
Historically, if an account met an insurance company’s underwriting standards, the account was provided coverage in exchange for the required premium. Sometimes insureds and/or agents lied about the account actually meeting those standards, whi...
Posted: Jun 18, 2023
By Jahna Jacobson A new report from an insurer with a high concentration of general contractors in its commercial lines business recognizes the high-risk nature of the construction industry and offers insights that contractors and their risk advisors...
Posted: Jun 18, 2023