Insurance Journal
U.S. banking stocks rose on Monday and Europe’s lenders recovered from a sharp early sell-off after UBS Group’s state-backed takeover of Credit Suisse appeared to close off one source of worry for the global banking sector. In a package e...
Posted: Mar 20, 2023
A North Carolina teenager who was struck by a car this week while departing a school bus in Halifax County is now in good condition, a hospital spokesperson said Friday. Tillman Mitchell, a 17-year-old student at the Haliwa-Saponi Tribal School ̷...
Posted: Mar 20, 2023
For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading to higher premiums and undercutting gains from going ele...
Posted: Mar 20, 2023
A trademark dispute over a poop-themed dog toy shaped like a Jack Daniel’s whiskey bottle coming before the U.S. Supreme Court could redefine how the judiciary applies constitutional free speech rights to trademark law. In a case to be argued &...
Posted: Mar 20, 2023
Crypto isn’t the only edgy new industry being roiled by the collapse of several banks. US companies that deal directly with cannabis, a federally illegal substance, are already shut out of large banks. So these companies have increasingly found...
Posted: Mar 20, 2023
The U.S. Federal Trade Commission (FTC) on Thursday issued orders to eight social media and video streaming firms including Meta Platforms Inc., Twitter, TikTok and YouTube seeking information on how the platforms screen for misleading advertisements...
Posted: Mar 20, 2023
Berkshire Hathaway Inc.’s Warren Buffett has been in touch with senior officials in President Joe Biden’s administration in recent days as the regional banking crisis unfolds. There have been multiple conversations between Biden’s t...
Posted: Mar 20, 2023
DETROIT (AP) – Up to 100 vehicles were involved in a massive pileup on Interstate 96 during white-out conditions, Michigan police said. There were reports of injuries that do not appear to be serious, police said on Twitter. Early reports ̷...
Posted: Mar 20, 2023
Florida Gov. Ron DeSantis raised some questions Friday when he suggested that Citizens Property Insurance Corp., the state-created insurer, has “not been solvent” and may be unable to pay all claims from a major hurricane. The head-scratc...
Posted: Mar 20, 2023
The New York Senate has unanimously approved legislation that requires the disclosure of insurance information on permit applications for the construction of pipelines traversing any freshwater wetlands in the state. The necessary information include...
Posted: Mar 20, 2023
The Vermont Senate on Friday passed a bill that aims to protect health care workers from disciplinary action for providing abortions and gender-affirming health care, and change insurance premium charges related to such care. The legislation defines...
Posted: Mar 20, 2023
President Joe Biden approved a federal disaster declaration for New Hampshire following damage caused by a severe storm and flooding that happened around Christmas, the Federal Emergency Management Agency said. Funding is available to the state, elig...
Posted: Mar 20, 2023
I initiated this column in 2019 with a 12-month series of articles summarizing the key points in my book “When Words Collide: Resolving Insurance Coverage and Claims Disputes.” In my June 2019 column, I wrote about what claim declinations...
Posted: Mar 19, 2023
As the costs and consequences of education escalate, educational institutions at all levels face a rapidly growing slate of property and liability risks, including increasing sports liabilities and coverage for “trauma loss.” Lines such a...
Posted: Mar 19, 2023
Marinas are places where people interact with boats. Maybe that’s not earth-shattering to you but consider all that it means to operate a marina and all of the different ways that risk is present at a marina. Marinas can be …
Posted: Mar 19, 2023
By Andrea Shalal Climate change is already having a major economic and financial impact on the United States and may trigger asset value losses in coming years that could cascade through the U.S. financial system, Treasury Secretary Janet Yellen said...
Posted: Mar 19, 2023
For many business owners, succession planning is a task that can often fall into the “I’ll get to it someday” category. If you’re putting off succession planning, however, you may be missing an opportunity for organic growth f...
Posted: Mar 19, 2023
A landlord decides to lease a space in a retail strip center to a sports bar. The landlord’s commercial real estate representative sends the lease to the new prospective tenant to sign — it is a standard industry lease that …
Posted: Mar 19, 2023
Government orders that restricted access to non-essential businesses during the early days of the COVID-19 pandemic were not “quarantines” that require a travel insurer to reimburse policyholders who did not get full use of their ski pass...
Posted: Mar 19, 2023
At first glance, examining gender equality within independent agencies seems to show a near equal balance. After all, gender representation in insurance agencies showed significant improvement over the last few years. Between 2018 and 2022, the perce...
Posted: Mar 19, 2023
The restaurant and bar industry continues to serve up new ways to deliver their goods and services following the turbulent times experienced throughout the COVID-19 pandemic. While the most troublesome times have subsided, restaurants continue to rei...
Posted: Mar 19, 2023
If you’ve sold a cyber liability insurance policy lately, you know how quickly the market has evolved. Policies that were once inexpensive and universally available are now high-priced and hard to find. Just a few years ago, we could get …...
Posted: Mar 19, 2023
By Elizabeth Blosfield Jeremy Gittler, practice leader and head of Cyber Americas at AXA XL, thinks of the cyber insurance industry as a rollercoaster. He says that after several years of turbulence with the advent of more sophisticated ransomware, t...
Posted: Mar 19, 2023
While most restaurants have seen their revenues return to pre-COVID levels, given continued volatility in food and labor costs, business income values remain unstable, according to Lindsay Shipper, managing director and Southeast Zone Property leader...
Posted: Mar 19, 2023
Carrier management teams are under intense pressure to cut expenses, but to make smart cuts, the right measures must be taken first. This is especially true when the cuts affect the distributors that generate all the carrier’s sales. For most &...
Posted: Mar 19, 2023