Insurance Journal
SFR Services, a Florida restoration firm made famous by its volume of claims litigation and its charges that United Property & Casualty Insurance Co. had instructed desk adjusters to alter their estimates, now finds itself in some legal trouble o...
Posted: Jun 18, 2023
Late last year, most Americans began to hear about a new application of artificial intelligence (AI) called ChatGPT. Soon, this application, from a data science company called OpenAI, became the hot topic at every meeting, trade conference or interne...
Posted: Jun 18, 2023
About three years ago, I published a book of 1,500 of my favorite quotations. As I was working on an updated edition recently, I came across a quote by 19th century British philosopher John Ruskin that I believe has significant …
Posted: Jun 18, 2023
By Jim Sams A single voicemail message left on a cellphone without permission is enough to allow an individual to proceed with a class-action lawsuit alleging violations of the Telephone Consumer Protection Act of 1991, a panel with the 6th …
Posted: Jun 18, 2023
By L.S. Howard Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by soaring construction costs, supply chain disruptions and labor shortages, according to a report p...
Posted: Jun 18, 2023
About 33 million U.S. homes with a combined reconstruction cost value of $11.6 trillion are at risk of hurricane-force winds. But two new computer models promise to help property owners and insurers better predict where those winds will hit in …...
Posted: Jun 18, 2023
Human service organizations play a critical role in our communities, making an important difference for the populations they serve. With demand for their services higher than ever, many human services organizations are facing staffing challenges R...
Posted: Jun 18, 2023
Now is the time for construction specialists to get creative, says Roger Cornett, leader of Holmes Murphy’s construction team. “It’s more incumbent on us construction-focused insurance brokers to be the most creative we’ve eve...
Posted: Jun 18, 2023
The construction industry is critical to our nation’s economy. It is also one of the country’s largest industries, employing nearly 11.8 million people in 2022. But for more than a decade, construction has struggled to recruit and retain...
Posted: Jun 18, 2023
Theft, fire and water damage are the top three claims for builders risk insurance. Here are examples of how they happen, and what insureds can do to mitigate the risks. Long gone are the days when claims were more about …
Posted: Jun 18, 2023
An Arizona woman has accused former major league pitcher Trevor Bauer of sexual assault, alleging in a lawsuit updated this week that he held a knife at her throat and choked her until she passed out during a rape that …
Posted: Jun 16, 2023
The weapons supervisor on the film set where Alec Baldwin shot and killed a cinematographer was drinking and smoking marijuana in the evenings during the filming of “Rust,” prosecutors are alleging, saying she was likely hungover when she...
Posted: Jun 16, 2023
Farmers Insurance has confirmed it has halted sales of new homeowners policies in Florida. The insurer cited rising costs as the reason. “With catastrophe costs at historically high levels and reconstruction costs continuing to climb, we implem...
Posted: Jun 16, 2023
Amwins Global Risks, the international arm of global specialty insurance broker Amwins, announced the launch of Amwins Amplify, a new automated follow-form facility, led by Beazley’s Smart Tracker Syndicate 5623. Amplify is initially covering p...
Posted: Jun 16, 2023
The U.S. Supreme Court on Friday preserved the Justice Department’s power to unilaterally dismiss lawsuits filed under a law that lets whistleblowers sue businesses on behalf of the government to recover taxpayer money paid to companies based o...
Posted: Jun 16, 2023
Jamaican Finance Minister Nigel Clarke said he is seeing “definite interest” from other Caribbean countries to join in issuing a regional catastrophe bond that would protect their budgets from hurricanes and spread investor risk across mo...
Posted: Jun 16, 2023
Howden, the London-based insurance broker, announced it has strengthened its marine offering in Europe with the acquisition of Bremen-based broker Northern Lloyd, one of the leading marine brokers in Northern Germany. The acquisition of Northern Lloy...
Posted: Jun 16, 2023
A Vermont man facing charges he murdered his mother at sea in order to obtain a multimillion dollar inheritance has been found dead in his jail cell in New Hampshire, officials announced yesterday. The state medical examiner and the Keene …
Posted: Jun 16, 2023
Strong winds, heavy rain and high tides lashed India’s Gujarat coast late on Thursday as Cyclone Biparjoy made landfall after authorities there and in neighboring Pakistan had evacuated more than 180,000 people to safety. Deserted coastal towns...
Posted: Jun 16, 2023
TOPEKA, Kan. (AP) – Kansas Insurance Commissioner Vicki Schmidt has been diagnosed with breast cancer and plans to undergo treatment in the coming weeks. Schmidt disclosed the diagnosis in a statement Wednesday. She said she will continue to wo...
Posted: Jun 16, 2023
The impact from a June hailstorm over Texas with baseball to softball-sized hail is expected to cause over $1 billion in insured losses, according to catastrophe modeling firm Karen Clark and Company. The storm occurred June 10th to 13th as …
Posted: Jun 16, 2023
DES MOINES, Iowa (AP) – Two companies have been tasked with investigating the partial collapse of a six-story apartment building in Iowa that left three dead, many injured and dozens displaced, the city of Davenport announced Wednesday. The cit...
Posted: Jun 16, 2023
Crispin Odey has stepped back from an investment fund focused on the Lloyd’s of London insurance market in a sign of the fallout from sexual harassment allegations against the hedge fund founder spreading to his other holdings. Odey, 64, resign...
Posted: Jun 16, 2023
Suspected state-backed Chinese hackers used a security hole in a popular email security appliance to break into the networks of hundreds of public and private sector organizations globally, nearly a third of them government agencies including foreign...
Posted: Jun 16, 2023
At least three people died and dozens more injured when a tornado struck the Texas Panhandle town of Perryton on June 15. The National Weather Services in Amarillo said the tornado hit at 5:10 p.m. CT. Perryton, a town of …
Posted: Jun 16, 2023