Insurance Journal
As the market continues to face uncertain economic conditions, areas of ongoing volatility, according to Risk Strategies, include: • Inflation and rising interest rates led to uncertainty about future prices. • Per NOAA, there were 18 U.S. weather/cl...
Posted: May 07, 2023
On April 15, 2013, two brothers placed pressure cooker bombs near the finish line of the Boston Marathon. The devices quickly detonated, killing three people, injuring more than 260 others, and causing property damage in the adjacent area. The result...
Posted: May 07, 2023
By William Rabb Four companies that sell vaping devices have filed a federal lawsuit against Kinsale Insurance Co., claiming the insurer dropped coverage for batteries but failed to fully inform the policyholders before denying a claim. If it goes to...
Posted: May 07, 2023
From time to time, my doctor prescribes a treadmill test to check out how strong my heart is. Perhaps you’ve experienced this test, but in case you haven’t, the idea is to make you run faster and faster up an …
Posted: May 07, 2023
An unseasonably cold storm coated Southern California mountains with snow, dumped heavy rain elsewhere and spawned a small tornado Thursday as spring struggled to shake the grip of an exceptionally wet winter. More than 4 inches of new snow was ̷...
Posted: May 05, 2023
LA CROSSE, Wis. (AP) – Railroad tracks damaged after a BNSF Railway freight train derailed in southwestern Wisconsin have been repaired and returned to service, rail and government officials say. BNSF contractors made repairs and reopened the l...
Posted: May 05, 2023
DALLAS (AP) – Dallas was hit with a computer ransomware attack Wednesday that brought down its Police Department and City Hall websites and caused some jury trials to be canceled, officials said. The outage didn’t appear to affect 911 cal...
Posted: May 05, 2023
LM Wind Power Blades, Inc, a wind turbine blade manufacturer based in Grand Forks, North Dakota, violated federal law when it subjected an African American employee to a racially hostile work environment and then retaliated against him for complainin...
Posted: May 05, 2023
NEW ORLEANS (AP) – Two white Louisiana sheriff’s deputies who forced a Black woman facedown to the ground in 2020 as they investigated an allegation that she had been riding a motorcycle without a helmet asked a federal appeals court R...
Posted: May 05, 2023
Alabama lawmakers legalized medical marijuana two years ago this month. But it came with a high hurdle: Dispensaries, growers, processors and other license applicants must have at least $2 million of liability and casualty insurance. Now, the Alabama...
Posted: May 05, 2023
Egglestone Global Head of Claims at Resilience Resilience today promoted Tom Egglestone to global head of claims. Joining Resilience in July 2022 as international claims leader, UK and Europe, he will now be supporting Resilience clients globally. Wi...
Posted: May 05, 2023
State attorney generals in New York and California on Thursday launched a joint investigation into allegations that female employees of the National Football League (NFL) have been subjected to sex discrimination and harassment. California Attorney G...
Posted: May 05, 2023
Former President Donald Trump’s lawsuit against The New York Times over a 2018 investigative series into his family’s wealth and tax practices was dismissed by a state judge Wednesday. The lawsuit accused the Times and three of its invest...
Posted: May 05, 2023
American International Group said first quarter 2023 underwriting income in its general insurance segment was $502 million, “representing the strongest first quarter underwriting results AIG has achieved,” said CEO Peter Zaffino. Net prem...
Posted: May 05, 2023
One potential consequence of California’s ballooning budget deficit: Higher taxes for businesses, with increases possible every year for the next decade. Business owners pay a tax on each of their workers. The money goes into a fund that states...
Posted: May 05, 2023
A federal jury has awarded a Georgia couple $135.5 million for damages to their property by a Tennessee-based solar company and its contractor. The award against Silicon Ranch Corp. and its contractor, IEA Inc., was announced Friday by James E. ̷...
Posted: May 05, 2023
The death of four horses at Churchill Downs over a span of five days has overshadowed preparations for the Kentucky Derby. Two horses trained by Saffie Joseph Jr. collapsed on the track and died over the past week. Two other …
Posted: May 05, 2023
A Massachusetts man who spent 32 years in prison after he was wrongfully convicted of setting a fire that killed eight people will receive $13 million from the city where he was arrested. “One of the things for me to …
Posted: May 05, 2023
Two 10-year-olds are among 300 children who worked at McDonald’s restaurants illegally, a Labor Department investigation of franchisees in Kentucky found. Agency investigators found the 10-year-olds received little or no pay at a McDonald’...
Posted: May 05, 2023
The body of a worker who died in an explosion at a Newburyport, Massachusetts chemical plant has been recovered and identified. The deceased has been identified by his family in media reports as Jack O’Keefe of Methuen The body was …
Posted: May 05, 2023
Aon plc, the global professional services firm, has launched a Climate Risk Advisory team to provide physical risk diagnostics and advisory services, aiming to help financial institutions, public sector entities and firms with large real estate holdi...
Posted: May 05, 2023
More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according to an internal report from state-run oil company PDVSA that was shared exclusively …
Posted: May 05, 2023
Three out of four Americans believe gun owners should be required to have firearm liability insurance. Those are the numbers out of a new ValuePenguin survey of 1,995 people ages 18 to 77 exploring attitudes about the role insurance could …
Posted: May 05, 2023
This edition of International People Moves details appointments at BMS Re, Arch Insurance International, and SiriusPoint. A summary of these new hires follows here. Wheeler Promoted to President of BMS Re BMS Re, the specialty reinsurance arm of the...
Posted: May 05, 2023
Global pilot organizations called on regulators to continue requiring multiple aviators on commercial flights, saying that efforts to shrink to one-person crews risks passenger safety. Leaders of groups including the European Cockpit Association and...
Posted: May 05, 2023