Insurance Journal
An operation is finally underway to transfer the oil from a stricken tanker off the coast of Yemen that maritime salvage experts have called a “ticking time bomb.” The decrepit vessel has been lying idle for years with more than …
Posted: Jun 14, 2023
Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General Insurance, two sources with direct knowledge of the matter said, a deal that would mark its first major bet on the fast-growing South Asian insurance …
Posted: Jun 14, 2023
The recent upticks in the frequency and severity of weather events has also affected insurance premiums for rental properties. According to S&P Global Ratings, insurance is an increasing percentage of total expenses for rental properties and the...
Posted: Jun 14, 2023
About one third of auto insurance customers in the U.S. reported a rate increase in the past year, leading to a growing number moving to usage-based insurance (UBI). This has led to the largest decline in customer satisfaction in 20 …
Posted: Jun 14, 2023
This post is part of a series sponsored by AgentSync. Since Congress passed the Affordable Care Act (ACA) in 2010, it’s faced many challenges, and the newest comes from a court case recently decided by a judge in Texas: Braidwood …
Posted: Jun 14, 2023
The number of crimes against jewelers jumped to 2,211 in 2022, the largest number ever recorded, according to an annual crime report by the Jeweler’s Security Alliance. The total was 31.1% above the 1,687 crimes reported in 2021. “Crime t...
Posted: Jun 14, 2023
One of the last property insurance-related bills to come out of the 2023 regular session of the Florida Legislature was signed into law this week, potentially saving insurers some cash, giving them some flexibility on rate requests, and raising hurri...
Posted: Jun 14, 2023
Washington Insurance Commissioner Mike Kreidler is holding a workshop to hear from consumers, insurers and other parties on the reasons about auto and homeowners insurance issues being reported “at a record pace.” The Office of the Insura...
Posted: Jun 14, 2023
The driver of a tractor-trailer hauling gasoline lost control on an off-ramp and flipped the tanker truck on its side in a wreck that set it afire and destroyed a section of the East Coast’s main north-south highway, Pennsylvania’s top &#...
Posted: Jun 14, 2023
Authorities say they have completely contained one of the two forest fires burning in the New Jersey Pinelands, while the other remains mostly contained. The New Jersey Forest Fire Service announced Monday that the fire in the Brendan T. Byrne …...
Posted: Jun 14, 2023
Alera Group named Mark Dennis managing director for the Northwest region, which includes 16 locations across Alaska, Idaho, Montana, Oregon, Washington, Utah and Wyoming. Dennis joined Propel Insurance, an Alera Group company, 17 years ago and most r...
Posted: Jun 14, 2023
New Yorkers who commit crimes could have their records automatically sealed if they stay out of trouble for a certain number of years after they have finished serving their sentences under a bill passed by state lawmakers Friday. The “clean ...
Posted: Jun 14, 2023
One person was killed and multiple people were sent to local hospitals after a boat capsized Monday during a tour of an underground cavern system built to carry water from the Erie Canal beneath the western New York city of …
Posted: Jun 13, 2023
Tuesday morning in Lockport, New York at approximately 11:20 a.m. a boat capsized inside a cave along the Erie Canal with 28 visitors and one staff member aboard. Lockport Mayor Michelle Roman reported that one person died and 11 people …
Posted: Jun 13, 2023
Graham-Rogers Insurance Promotes Owens and Walker in SLS Roles Graham-Rogers Insurance has promoted Jana Owens to operations lead with standard lines services (SLS). Owens comes from a background in standard lines services. Before joining the team, s...
Posted: Jun 13, 2023
This edition of International People Moves details appointments at Guy Carpenter and Aspen Insurance Holdings. A summary of these new hires follows here. Guy Carpenter Expands Cyber Team With Key Appointments to Global Team Guy Carpenter, the reinsur...
Posted: Jun 13, 2023
Lloyd’s, the marketplace for commercial, corporate and speciality risk solutions, has announced a partnership with Dubai’s Department of Economy and Tourism (DET) to facilitate growth opportunities for Dubai-based insurtech start-ups and...
Posted: Jun 13, 2023
They range from the brainchild of a winner of computer science’s most prestigious award to a crypto token supporting the biggest blockchain-based video game. But they all have one thing in common, according to the US Securities and Exchange Com...
Posted: Jun 13, 2023
The head of the U.S. government’s office that investigates automobile safety problems has resigned from his post just days after the release of a harsh audit criticizing how the office was managed. Stephen Ridella stepped down as director of th...
Posted: Jun 13, 2023
Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country. In a June 12 “business actions update” Nationwide announced moves “to mitigate risk and manage the personal and commercial...
Posted: Jun 13, 2023
A majority of judges on Brazil’s Supreme Court voted on Monday to back tax authorities in a judgment on how to calculate levies on banks and other financial institutions that could add as much as 115 billion reais ($23.6 billion) …
Posted: Jun 13, 2023
Canada’s worst-ever spring wildfire season has forced its forestry industry to shutter sawmills, driving up lumber prices and setting production back for months just as housing construction has slowed due to higher costs and a tight labor marke...
Posted: Jun 13, 2023
Core Specialty Insurance Holdings, Inc., and its subsidiaries announced today that it will form a medical stop-loss division through the acquisition of the MGU/Stop-Loss business of American National Group. The acquisition will mark Core Specialty...
Posted: Jun 13, 2023
A Missouri man has pleaded guilty in federal court to his role in a $1.1 million insurance fraud conspiracy that involved false claims of injuries suffered in car accidents, as well as to his role in a conspiracy to fraudulently …
Posted: Jun 13, 2023
Pretium Packaging, LLC, a manufacturer of plastic bottles and containers, will pay $252,768 and furnish other relief to settle a sex discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announc...
Posted: Jun 13, 2023