Insurance Journal
Astaara, the Guernsey-based managing general agent and risk management advisory business, has increased its underwriting capacity and insurance limit from US$12.5 million in 2020 to US$25 million with effect from April 1. Astaara’s cyber insura...
Posted: Apr 04, 2023
Ardonagh Advisory, the London-based SME broking platform, announced the acquisition of Pace Ward, a UK-based local broker that provides national coverage for large commercial clients, prestige and high-performance cars, and high net worth clients. Fi...
Posted: Apr 04, 2023
A first-grade Virginia teacher who was shot and seriously wounded by her 6-year-old student filed a lawsuit Monday seeking $40 million in damages from school officials, accusing them of gross negligence for allegedly ignoring multiple warnings on the...
Posted: Apr 04, 2023
R&Q Insurance Holdings Ltd., the non-life global specialty insurance company that focuses on program management and legacy insurance businesses, announced that the board of R&Q is reviewing strategic options to separate these businesses. R...
Posted: Apr 04, 2023
Sompo International, a global provider of commercial and consumer property/casualty re/insurance, announced the expansion of its operations in Switzerland with the granting of a Swiss insurance branch license to write primary insurance by the Swiss F...
Posted: Apr 04, 2023
The Texas market for auto and homeowners insurance grew double digits in 2022, according to an annual report put out by the Texas Department of Insurance. Texas insurers reported direct premium written for private passenger auto of $26.3 billion in &...
Posted: Apr 04, 2023
BMS, the London-based independent specialist re/insurance broker, announced it has entered into an agreement to acquire a majority share in Berns Brett Masaood (BBM), a leading UAE insurance broker established in 2007 and headquartered in Abu Dhabi a...
Posted: Apr 04, 2023
Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable vehicle data could pave the way for unfair competition from U.S. and Chinese tech companies. The vehicle data tussle between carmakers and a coalition …...
Posted: Apr 04, 2023
Australia’s competition regulator said it was unconvinced a planned A$4.9 billion ($3.32 billion) buyout by Australia and New Zealand Banking Group Ltd. of a smaller rival would bring public benefits, in a blow to one of the year’s bigges...
Posted: Apr 04, 2023
German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, five sources with knowledge of the matter said, indicating that its revival has not been ruled out after an alleged sabotage attack...
Posted: Apr 04, 2023
Dollar General Corp.’s stores are as ubiquitous in small-town America as Starbucks cafes in cities and suburbia. And just like the coffee giant, it’s facing increasing criticism over worker treatment that could disrupt one of the retail i...
Posted: Apr 04, 2023
TOPEKA, Kan. (AP) – Abuse survivors and advocates who’ve pushed for legislation making it easier in Kansas to prosecute abusers and file lawsuits decades later have achieved a breakthrough in the Legislature, where the proposal is advanci...
Posted: Apr 04, 2023
A Delaware judge on Monday dismissed Merck & Co’s lawsuit seeking to hold Bayer AG responsible for more talc-related liabilities stemming from its $14.2 billion purchase of Merck’s consumer care business in 2014. Vice Chancellor Natha...
Posted: Apr 04, 2023
A federal jury in San Francisco on Monday ordered Tesla Inc. to pay about $3.2 million to a Black former employee after the electric-vehicle maker was found to have failed to prevent severe racial harassment at its flagship assembly plant …
Posted: Apr 04, 2023
The National Hurricane Center’s report on Hurricane Ian, posted Monday, six months after the storm hit southwest Florida, pegs Ian as the most expensive to hit the Sunshine State, causing twice as much damage as Hurricane Andrew did 30 years &#...
Posted: Apr 04, 2023
The Mississippi insurance commissioner is reminding consumers and insurance companies that the state will soon have a pet insurance regulatory framework in place, thanks to a law signed in March by the governor. “Pet insurance may seem like a j...
Posted: Apr 04, 2023
The Biden administration cleared the way for California’s plan to phase out a wide range of diesel-powered trucks, part of the state’s efforts to drastically cut planet-warming emissions and improve air quality in heavy-traffic areas like...
Posted: Apr 04, 2023
Insurer Chubb has been accused of “lowballing” offers in the settlement of an employee class action that the owner of a popular New England grocery chain was motivated to close out due to fears that further discovery might reveal damaging...
Posted: Apr 04, 2023
About 25 train cars derailed Sunday in northwestern Montana, with no injuries or evacuations reported, authorities said. The cars, which were not believed to be carrying anything hazardous, derailed near the town of Paradise along the Clark Fork Rive...
Posted: Apr 04, 2023
This post is part of a series sponsored by InsurBanc. Producers who want to step up to agency ownership have an option they might not have considered: purchasing a book of business from the agency’s owner. The book of business …
Posted: Apr 04, 2023
This post is part of a series sponsored by CoreLogic. With climate change and severe weather continuing to escalate, hail is increasingly posing challenges for risk assessment and risk management in the insurance industry. CoreLogic’s 2023 Seve...
Posted: Apr 03, 2023
This post is part of a series sponsored by Insurance Quantified. Underwriting commercial P&C insurance is complex – each industry looks different, small businesses are different than medium-sized ones, and each product can bring on new complicati...
Posted: Apr 03, 2023
Benefit Advisors Network (BAN), an international network of employee benefit brokers and consulting firms from across the United States and Canada – and the National Benefits Center (NBC), are spinning off from Alera Group, an independent, national i...
Posted: Apr 03, 2023
The United States is Earth’s punching bag for nasty weather. Blame geography for the U.S. getting hit by stronger, costlier, more varied and frequent extreme weather than anywhere on the planet, several experts said. Two oceans, the Gulf of Mex...
Posted: Apr 03, 2023
WYNNE, Ark. (AP) – Residents across a wide swath of the South and Midwest raced to assess the destruction wreaked by storms that dropped possibly dozens of tornadoes and killed at least 26 people in small towns and big cities. …
Posted: Apr 03, 2023