Insurance Journal
Top officials from Britain’s financial sector said on Tuesday they would set out a blueprint later this year to “kickstart” London’s role as a post-Brexit global financial center by 2030. The City of London, home to Britain...
Posted: Mar 21, 2023
D&O insurers breathed a short sigh of relief when the U.S. government pledged to protect depositors of failed Silicon Valley Bank last week. But it wasn’t necessarily business as usual for watchful underwriters in the days following the Mar...
Posted: Mar 21, 2023
Consolidation of physician services into larger groups owned by hospitals and health care systems is driving up the cost of care in workers’ compensation, according to a new study by the Workers’ Compensation Research Institute. “Me...
Posted: Mar 21, 2023
A group of 22 U.S. state attorneys general on Monday blasted Hyundai Motor 005380.KS and Kia Corp 000270.KS and said they need do more to address problems with millions of U.S. vehicles that are prone to theft. Last month, the …
Posted: Mar 21, 2023
The Surplus Line Association of California, headquartered in San Ramon, California, promoted Barbara Trumbly to senior vice president and has hired Yusuf Mayet as the organization’s vice president for compliance. Trumbly, previously the SLAR...
Posted: Mar 21, 2023
Photos of damaged vehicles are relevant to the likelihood and degree of personal injury in a car accident case and they are admissible at trial, even when no expert witnesses are around to testify about them, the Massachusetts Supreme Judicial …...
Posted: Mar 21, 2023
Photos of damaged vehicles are relevant to the likelihood and degree of personal injury in a car accident case and they are admissible at trial, even when no expert witnesses are around to testify about them, the Massachusetts high court …
Posted: Mar 21, 2023
Photos of damaged vehicles are relevant to the likelihood and degree of personal injury in a car accident case and they are admissible at trial, even when no expert witnesses are around to testify about them, the Massachusetts high court …
Posted: Mar 21, 2023
Four people were killed early Sunday in a wrong-way collision involving several vehicles on a freeway east of Los Angeles, authorities said. The crash occurred around 2:30 a.m. in southbound lanes of State Route 71 in Chino Hills after several …...
Posted: Mar 20, 2023
It appears one of the nation’s better known cannabis insurance specialists is having to do some scrambling after AM Best announced it was downgrading the credit ratings of Topa Insurance Co. in Calabasas, California, and its subsidiary, Dorches...
Posted: Mar 20, 2023
This edition of International People Moves details appointments at Tokio Marine and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Tokio Marine Hires Underwriters from Atradius, Coface for UK Trade Credit To...
Posted: Mar 20, 2023
Porch Group, Inc. announced that its insurance business, Homeowners of America (“HOA”), has filed an application to form and license a Texas reciprocal insurance exchange (a “Reciprocal”) with the Texas Department of Insurance...
Posted: Mar 20, 2023
AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “bbb+ (Good) from “a-” (Excellent) of Topa Insurance Co. in Calabasas, California, and its subsidiary,...
Posted: Mar 20, 2023
A judge in Louisiana and a prosecutor in Texas have taken action to block two separate insurance fraud schemes: One by a law firm whose lawyers admitted filing claims on behalf of homeowners it did not represent and another by …
Posted: Mar 20, 2023
Arthur J. Gallagher & Co. today announced the acquisition of Fort Wayne, Indiana-based Stewart, Brimner, Peters & Company, Inc. (SBP). Terms of the transaction were not disclosed. SBP is a retail insurance broker offering a variety of commerc...
Posted: Mar 20, 2023
Reliance Partners acquired the assets of Truck Team Insurance in Salt Lake City, Utah. Truck Team Insurance Owner Brent Tate will also join Reliance Partners’ team as vice president of sales. He has more than 20 years of commercial insurance &#...
Posted: Mar 20, 2023
Pennsylvania-based insurance program specialist NSM Insurance Group has completed its acquisition of three businesses that specialize in the field of medical stop loss insurance and managed care insurance. The firms are Sequoia Reinsurance Services i...
Posted: Mar 20, 2023
U.N. Secretary General Antonio Guterres warned that the “climate time bomb is ticking” as he urged rich nations on Monday to slash emissions sooner after a new assessment from scientists said there was little time to lose in tackling clim...
Posted: Mar 20, 2023
Honolulu prosecutors filed charges against four police officers alleging a cover-up in connection with a high-speed car chase that they say resulted in a crash and a traumatic brain injury to the driver of another car. Honolulu Prosecuting Attorney S...
Posted: Mar 20, 2023
Norfolk Southern Corp. shareholders have accused the railroad of defrauding them by prioritizing profit over safety prior to last month’s derailment of a train carrying hazardous chemicals in East Palestine, Ohio. In a lawsuit filed March 16 in...
Posted: Mar 20, 2023
Three fires broke out at the Grundon waste disposal plant near London’s Heathrow Airport in the past six months. In each case, the chief suspects were disposable vaping devices containing lithium batteries. Owen George, who leads recycling for...
Posted: Mar 20, 2023
An Alabama jury has decided that Dollar General stores must pay almost $2 million to a delivery worker who was injured when a ramp collapsed at a store. Driver Jason Agee in 2019 was pushing a rolling cart full of …
Posted: Mar 20, 2023
Chile has agreed to an earthquake insurance program with the World Bank protecting it from $630 million worth of damage from strong earthquakes, in an effort to shore up risks to public debt from possible natural disasters. The insurance will …
Posted: Mar 20, 2023
A Kentucky university has agreed to a settlement of more than $14 million over the death of a student wrestler hours after practice, the school announced. The settlement over the death of junior Grant Brace, 20, of Louisville, Tennessee, includes ...
Posted: Mar 20, 2023
Banking stocks and bonds plummeted on Monday as the hit to investors from UBS Group’s state-backed takeover of Credit Suisse fanned concerns about the health of the global banking sector. UBS shares fell by as much as 16% in early …
Posted: Mar 20, 2023