Insurance Journal
High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to Swiss Re research. “In 2023, we expect that inflation should lead to an additional increase of 3.5-6.5%,” said Sw...
Posted: Mar 24, 2023
High inflation alone led to an increase in property/casualty claims of 5-7.5%, across five key markets in 2022, according to Swiss Re research. “In 2023, we expect that inflation should led to an additional increase of 3.5-6.5%,” said Swi...
Posted: Mar 24, 2023
Insurers continue to cover grain shipments from Ukraine through a U.N.-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was renewed for at least 60 days....
Posted: Mar 24, 2023
The rapidly unfolding crises of confidence at Credit Suisse Group AG and Silicon Valley Bank are prompting some regulators gathered at the European Central Bank to rethink their treatment of liquidity risk. The watchdogs are in the early stages of &#...
Posted: Mar 24, 2023
U.S. officials are reporting two more deaths and additional cases of vision loss linked to eyedrops tainted with a drug-resistant bacteria. The eyedrops from EzriCare and Delsam Phama were recalled in February and health authorities are continuing to...
Posted: Mar 24, 2023
U.S. lawmakers on Thursday battered TikTok’s chief executive about potential Chinese influence over the platform and said its short videos were damaging children’s mental health, reflecting bipartisan concerns over the app’s power o...
Posted: Mar 24, 2023
Treasury Secretary Janet Yellen told US lawmakers that regulators would be prepared for further steps to protect the banking system if warranted, a day after her remarks on nationwide deposit insurance rattled markets. Her reassurance came at the top...
Posted: Mar 24, 2023
Actress Lindsay Lohan, rapper Akon and several other celebrities have agreed to pay tens of thousands of dollars to settle claims they promoted crypto investments to their millions of social media followers without disclosing they were being paid to...
Posted: Mar 24, 2023
When it comes to investigating SIU claims, metadata can be extremely revealing and may even provide evidence that a crime, such as insurance fraud, occurred. In simple terms, metadata is data that provides information about other data. The Maryland S...
Posted: Mar 24, 2023
Eliu Canales, 43, was arraigned this week on 54 felony counts of insurance fraud, assault with a deadly weapon and reckless driving after a joint investigation by the California Department of Insurance and San Joaquin County District Attorney’s...
Posted: Mar 24, 2023
First Cap Property Insurance Solutions has launched a new admitted homeowners program for California. The program includes Coverage A Limits up to: $1.5 million for HO3 $1 million for DP3 $300,000 for HO6 $250,000 for HO4 It includes urban or …
Posted: Mar 24, 2023
WILMINGTON, Del. – Lawyers for Fox News and a voting machine company tangled Wednesday over the high bar to prove defamation in a $1.6 billion lawsuit that has embarrassed the conservative network over its airing of false claims related to R...
Posted: Mar 24, 2023
A three-judge panel of the Second Circuit Court of Appeals has affirmed a district court ruling that Berkshire Hathaway’s Covington Specialty Insurance Co. had no duty to indemnify its insureds against personal injury claims stemming from an au...
Posted: Mar 24, 2023
The Equal Employment Opportunity Commission (EEOC) reported it has obtained a default judgment in U.S. District Court in its sex discrimination lawsuit against Green JobWorks. The EEOC filed a lawsuit in 2021 against the staffing agency that is locat...
Posted: Mar 24, 2023
Ranger, an “agent-first insurance technology company,” has launched in Arizona in what is planned as the first state in a multi-state national rollout. Ranger touts itself as an insurtech to elevate the role of the insurance agent with a...
Posted: Mar 23, 2023
AccuWeather issued preliminarily estimates on Thursday showing the total damage and economic loss from the series of recent intense storms to hit California to be an additional $6 billion to $8 billion. The recent storms caused deaths, widespread pow...
Posted: Mar 23, 2023
Marvel Francois, a 54-year old of Houma, Louisiana, was sentenced for Conspiracy to Commit Mail Fraud, in violation of Title 18, United States Code, Section 371, arising out of staged automobile accidents with tractor-trailers occurring in New Orlean...
Posted: Mar 23, 2023
Marsh appoints Stephens US Central Zone Leader Sarah Stephens, Marsh’s current head of cyber for the UK and international, Marsh Specialty, will assume the role of US central zone leader on May 1. Stephens will relocate to Chicago, Illinois, fr...
Posted: Mar 23, 2023
INDIANAPOLIS (AP) – A Republican legislator who doubles as an emergency room doctor is being sued for medical malpractice in a patient’s death. The lawsuit alleges that his treatment caused 20-year old Esperanza Umana of Fort Wayne to hav...
Posted: Mar 23, 2023
The Florida Senate is set to approve a take-no-prisoners tort-reform bill today and it could be signed into law as soon as Friday. The bill, which extends limits on one-way attorney fees, assignments of benefits, and other provisions to most …
Posted: Mar 23, 2023
Texas Medical Liability Trust (TMLT) provided notice that the company and its affiliates may have been affected by a recent data privacy event. On Oct. 12, 2022, TMLT identified suspicious activity within its environment and took immediate steps to s...
Posted: Mar 23, 2023
MADISON, Wis. (AP) – Anyone who encourages a riot or engages in violence during a riot would face felony charges under a bill Wisconsin’s Assembly is poised to take up this week. The Republican-backed measure would make urging, promoting...
Posted: Mar 23, 2023
Mosaic Insurance has launched litigation liability coverage, offering critical financial protection to policyholders against the risk of adverse legal costs when pursuing litigation or arbitration. Experienced litigation solicitor Sarah Bowden has jo...
Posted: Mar 23, 2023
Kin, the direct-to-consumer home insurance company, announced it conducted a third close, an incremental $15 million, to its Series D round in the fourth quarter of 2022. The investment came from Geodesic Capital, QED Investors, and additional invest...
Posted: Mar 23, 2023
EPIC Insurance Brokers & Consultants, the San Francisco-based retail property/casualty insurance brokerage and employee benefits consultant, announced the expansion of its Financial Services division with the launch of its Insurance Capital Solut...
Posted: Mar 23, 2023