Insurance Journal
European Union states were holding a first discussion on Wednesday on proposed new sanctions over Russia’s war in Ukraine that would target Chinese and Iranian firms and allow export curbs on third countries for busting trade restrictions. Talk...
Posted: May 10, 2023
Disney on Monday amended its free speech lawsuit against Gov. Ron DeSantis to add recent developments in the tit-for-tat fight between the entertainment giant and the Florida governor, such as a new law granting the state unprecedented authority to i...
Posted: May 10, 2023
The Federation of European Risk Management Associations (FERMA) said it has concerns that the cyber insurance market is “evolving in isolation from the industries which it insurers,” and is calling for more certainty regarding the long-te...
Posted: May 10, 2023
Steve White, the longest-serving chief executive officer in the 47-year history of the British Insurance Brokers’ Association (BIBA), has announced he is stepping down in the fall. White on May 10 told the audience at the annual BIBA Conference...
Posted: May 10, 2023
The Roman Catholic Diocese of Oakland filed for bankruptcy Monday due to hundreds of new child sex abuse claims, becoming the second diocese in California to do so. The San Francisco Bay Area diocese faces more than 330 lawsuits brought …
Posted: May 10, 2023
A federal jury in New York found Donald Trump liable for sexually assaulting writer E. Jean Carroll and then defaming her by calling her a liar, the first verdict against him in a string of legal cases that threaten to …
Posted: May 10, 2023
The 2023 RIMS’ Riskworld conference took place last week in Atlanta, and on this episode of The Insuring Cyber Podcast, two guests shared the biggest takeaways from the conference this year. Paul Bantick, global head of the cyber and tech ̷...
Posted: May 10, 2023
Insurtech funding increased nearly 38% from Q4 2022 to Q1 2023, from $1.01 billion to $1.39 billion, according to a new analysis released by Gallagher Re. The U.S. leads France and the UK as the nation funding the most insurtechs. …
Posted: May 10, 2023
AUSTIN, Texas (AP) – Facing new pressure over gun violence in Texas after two more mass shootings, Republicans on Monday unexpectedly allowed a bill that would raise the purchase age for semiautomatic rifles from 18 to 21 to advance out …
Posted: May 10, 2023
HOUSTON (AP) – Crews have finally extinguished a fire at a Houston-area petrochemical plant that had been burning on and off for days, according to Shell, which operates the plant. Fire fighters first responded to the blaze at the Deer …
Posted: May 10, 2023
The US and allied countries have disrupted a wide-ranging Russian hacking operation that spied on its adversaries over some 20 years, the Justice Department announced. Law enforcement agencies penetrated a global network of computers infected with ma...
Posted: May 10, 2023
This post is part of a series sponsored by AgentSync. Mergers and acquisitions (M&A) are always a hot topic in insurance. From small agencies hoping to get acquired, large agencies hoping to get larger, or carriers looking to expand into …
Posted: May 10, 2023
Applying machine learning models, a type of artificial intelligence (AI), to data collected passively from wearable devices can identify a patient’s degree of resilience and well-being, according to investigators at the Icahn School of Medicine...
Posted: May 10, 2023
With the Florida legislative changes passed in December – prohibiting assignments of benefits and one-way attorney fees – there is now an opportunity to change the dynamic in Florida and create a more stable market. Historically, the main tools to &#...
Posted: May 10, 2023
While the property/casualty insurance industry overall may have seen a slight loss in profitability in 2022, workers’ compensation continues to be the most profitable line, with a “very healthy” nationwide reserve redundancy level o...
Posted: May 10, 2023
Brown & Brown has acquired Georgia-based Brownlee Agency, one of the oldest insurance agencies on Florida’s east coast. Terms of the deal were not disclosed, the companies said in a news release. Founded in 1974 and headquartered in Tifton,...
Posted: May 10, 2023
Two children died in a house fire, authorities in Clovis said. The blaze was first reported shortly after 9:30 a.m. last week, Clovis police spokesperson Capt. Robbie Telles said. Responding officers found flames coming from the bottom floor of the &...
Posted: May 10, 2023
Arizona quarterback Jayden de Laura and Wisconsin safety Kamo’i Latu have settled a lawsuit filed by a woman who said the two sexually assaulted her in 2018 after a football game at their Hawaii high school. A Hawaii circuit court …
Posted: May 10, 2023
A limousine company operator on trial for a crash that killed 20 people in upstate New York was portrayed by a prosecutor Monday as directly responsible for the deaths, while a defense lawyer argued he was simply in the dark …
Posted: May 10, 2023
A judicial panel of the Fourth Circuit Court of Appeals has ruled Towers Watson may not be entitled to $80 million in insurance to cover settlements of shareholder lawsuits related to the merger between Towers Watson and Willis in 2015. …
Posted: May 10, 2023
Four people were found dead after a plane crashed in the mountains of southern Colorado over the weekend, authorities said. The wreckage of the Pool-Cessna T-41B2 was discovered Sunday near Victor, Colorado, a historic gold mining town about 115 mile...
Posted: May 10, 2023
Guyana’s environmental regulator on Tuesday appealed a court decision that last week declared that the agency and Exxon Mobil unit breached oil-spill insurance obligations for the company’s first offshore project in the country. Guyana...
Posted: May 09, 2023
The European Parliament voted on Tuesday in favor of rules that would force companies selling oil and gas in Europe to cut their methane emissions, setting itself up for tough negotiations with EU countries seeking weaker limits on the potent …
Posted: May 09, 2023
AXIS Capital Holdings Limited announced the following appointments within its specialty insurance business: Mark Gregory as head of global markets and Michael J. McKenna as head of North America. The newly created leadership positions will report dir...
Posted: May 09, 2023
The Alliant Insurance Foundation, in partnership with Southern University, the Louisiana Department of Insurance, and the Spencer Educational Foundation, has launched its first initiative, funding a risk management and insurance degree program at Sou...
Posted: May 09, 2023