Insurance Journal
Stricter policy language, pricing increases and more scrutiny at policy inception made for a tumultuous couple of years in the cyber insurance market. Despite this, 36% of Marsh’s clients reported buying cyber insurance in 2022, up from the 33%...
Posted: May 23, 2023
More than 33 million people in the United States are driving vehicles that contain a potentially deadly threat: Airbag inflators that in rare cases can explode in a collision and spew shrapnel. Few of them know it. And because of …
Posted: May 23, 2023
A granular look at the most expensive hurricane in Florida’s history, written by respected catastrophe-modeling firm Karen Clark & Co., highlights building practices that had a major impact on the scale of insured losses: Contrary to what m...
Posted: May 23, 2023
The former director of the New Mexico Office of Archaeological Studies is suing state officials, saying his race and gender played a role in his firing. Eric Blinman filed a lawsuit in federal court late last week against Gov. Michelle …
Posted: May 23, 2023
Shua Wilmot and Raegan Zelaya, two former dorm directors at a small Christian university in western New York, acknowledge their names are unconventional, which explains why they attached gender identities to their work email signatures. Wilmot uses &...
Posted: May 23, 2023
Shua Wilmot and Raegan Zelaya, two former dorm directors at a small Christian university in western New York, acknowledge their names are unconventional, which explains why they attached gender identities to their work email signatures. Wilmot uses &...
Posted: May 23, 2023
American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings for about $3 billion, mostly cash. The deal, expected to close during the fourth quarter, includes AlphaCat and renewal...
Posted: May 22, 2023
Swiss Re is quitting the world’s main climate alliance for insurers, joining a growing exodus from the coalition of some of the industry’s biggest companies. The world’s second-largest reinsurer is now the fourth major company to wa...
Posted: May 22, 2023
Two people were killed when a small plane headed for Hawaii crashed in the Pacific Ocean shortly after takeoff from Northern California, federal officials said Sunday. The Viking Air DHC-6-400 Twin Otter crashed around 2:15 p.m. Saturday in the water...
Posted: May 22, 2023
Two people were killed when a small plane headed for Hawaii crashed in the Pacific Ocean shortly after takeoff from Northern California, federal officials said Sunday. The Viking Air DHC-6-400 Twin Otter crashed around 2:15 p.m. Saturday in the water...
Posted: May 22, 2023
Aspen Appoints Boon as Head of Singapore; Morely Relocates to London Aspen Insurance Holdings Limited has appointed industry veteran Tay Boon Chuan as head of Singapore, effective June 1. Aspen is headquartered in Hamilton, Bermuda. Boon joins Aspen...
Posted: May 22, 2023
Britain’s Parliament building is an architectural masterpiece, a UNESCO World Heritage Site visited by 1 million people a year. It’s also a crumbling, leaky, asbestos-riddled structure at “real and rising” risk of destruction,...
Posted: May 22, 2023
How could the current economic environment affect workers compensation – and the property and casualty insurance industry overall – in 2023? Earlier this month, insurance veteran Robert Hartwig forecasted answers. Hartwig, a clinical associate profes...
Posted: May 22, 2023
France and Germany are showing no sign of nearing a compromise on the role of nuclear energy in the European Union’s transition to cleaner energy, highlighting the challenge faced in reaching a deal in the coming weeks to push ahead …
Posted: May 22, 2023
A federal judge in Illinois has dismissed a lawsuit accusing Mondelez International Inc of deceiving consumers into believing its Trident “Original Flavor” gum contained real mint. U.S. District Judge Iain Johnston said it was “fanc...
Posted: May 22, 2023
LUBBOCK — State investigators have determined a fire and explosion at a Panhandle dairy farm was an accident and started with an engine fire in a manure vacuum truck that was cleaning part of the barn. The April 10 fire …
Posted: May 22, 2023
TULSA, Okla. (AP) – A Native American former student is suing an Oklahoma school district for the removal of an eagle feather from her graduation cap prior to her high school graduation ceremony. The lawsuit filed Monday in Tulsa County …
Posted: May 22, 2023
Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws governing the use of the technology. Here are the latest steps national and international governi...
Posted: May 22, 2023
FAYETTEVILLE, Ark. (AP) – The pilot killed after his small plane crashed May 17 in northwest Arkansas has been identified as former Mississippi state Sen. Johnny Morgan, authorities said. A family member confirmed Morgan, 76, of Oxford, Mississ...
Posted: May 22, 2023
FAYETTEVILLE, Ark. (AP) – The pilot killed after his small plane crashed May 17 in northwest Arkansas has been identified as former Mississippi state Sen. Johnny Morgan, authorities said. A family member confirmed Morgan, 76, of Oxford, Mississ...
Posted: May 22, 2023
EVANSVILLE, Ind. (AP) – A southwestern Indiana man allegedly set a fire that gutted a building more than 100 years old that was listed decades ago on the National Register of Historic Places, police said. Charles James Perrin, 25, was …
Posted: May 22, 2023
John Kuhn is now senior vice president, management liability and head of large public at Ascot. Ascot said Kuhn will lead the development and execution of Ascot’s large public D&O strategy, with a focus on underwriting and portfolio managem...
Posted: May 22, 2023
More than 40 years ago, the Illinois legislature sought to reduce the number of defendants in medical malpractice actions by allowing plaintiffs to name health care providers as respondents for the purposes of discovery and convert them to defendants...
Posted: May 22, 2023
Late last week insurtech Pie Insurance held an all-hands meeting during which CEO John Swigart told employees that 14% of them, 66 in all, are being laid off. “This decision was made as part of our wider budget revision process …
Posted: May 22, 2023
Compre Group Holdings, a Bermuda-based firm that specializes in acquiring and managing discontinued insurance and reinsurance businesses, has purchased the workers’ compensation portfolio from SUNZ Insurance Co. for an undisclosed sum. The tran...
Posted: May 22, 2023