Insurance Journal
A rethink is needed on how to directly regulate activities of Big Tech companies in financial services, given their size and influence, a top official at an international forum for central banks said in Wednesday. Data-rich Big Tech companies such &#...
Posted: Feb 08, 2023
A $4 billion accounting shortfall would typically raise alarm bells for an auditor. Somehow, a PricewaterhouseCoopers LLP affiliate didn’t catch it at Americanas SA. Investor and consumer groups are calling for closer scrutiny of the accounting...
Posted: Feb 08, 2023
An Ohio Court of Appeals panel said that Nationwide must indemnify a canine owner whose bulldog bit a passer-by, ruling that a policy exclusion barring coverage for bodily injury for a dog with a prior history of attacking or biting …
Posted: Feb 08, 2023
UK’s Royal Mail is facing a threat from ransomware group LockBit, according to information published on a website, at a time when the British postal and parcel firm is grappling with the fallout of a “cyber incident” from last month...
Posted: Feb 08, 2023
Turkey declared a three-month state of emergency in areas struck by two massive earthquakes earlier this week, allowing the government more leeway for rescue and reconstruction efforts. Emergency teams are racing against the clock to save potentially...
Posted: Feb 08, 2023
Now standing firmly one month into 2023, we can look back at the previous year with pride that we were able to meet many of its challenges with the stability and confidence our agricultural community offers to help feed and …
Posted: Feb 08, 2023
Wells Fargo & Co. agreed to pay $300 million to settle a shareholder lawsuit claiming the bank hid that it had pushed unnecessary insurance on auto loan customers, according to documents filed in U.S. court on Tuesday. The Construction Laborers &...
Posted: Feb 08, 2023
Liberty Mutual Appoints Larson President, Financial Lines Liberty Mutual Insurance has appointed Paul Larson as president, financial lines for its Global Risk Solutions (GRS) North America division. Before joining Liberty Mutual, Larson led financial...
Posted: Feb 08, 2023
Kids’ Chance, a charity organization established by the the workers’ compensation industry, has named new board members for its Florida operation. The all-volunteer Kids’ Chance of Florida, like sister organizations in other states,...
Posted: Feb 08, 2023
Daytona Beach-based Brown & Brown Insurance, often called one of the largest and fastest-growing insurance brokerages in the United States, has lost a key round in its legal battle with one of its largest clients, a Florida property management fi...
Posted: Feb 08, 2023
Florida officials could name a new state insurance commissioner as soon as next month, the state’s chief financial officer said this week. At a news conference Monday, CFO Jimmy Patronis said that a name could be submitted at the March …
Posted: Feb 08, 2023
As Louisiana lawmakers adjourn Monday for a special session to address the state’s property insurance crisis, a commentary from AM Best says Louisiana’s plan to appropriate $45 million in funds to incentivize insurance companies to take o...
Posted: Jan 30, 2023
The U.S. Environmental Protection Agency announced a proposed $5.4 million settlement with The Dow Chemical Co. to recover costs for EPA’s cleanup work at the Tittabawassee River, Saginaw River & Bay Superfund site in Midland, Michigan. EPA...
Posted: Jan 30, 2023
KEATCHIE, La. (AP) – About 130 people in north Louisiana are under a mandatory evacuation Saturday after a train derailed and at least two of the cars involved began leaking hazardous products, state police said. The Union Pacific Railroad train R...
Posted: Jan 30, 2023
A hard market in short-tail lines – such as property and property catastrophe – across global geographies is likely to continue throughout 2023, after beginning the year with multi-decade-high pricing increases during the January 2023 reinsurance ren...
Posted: Jan 30, 2023
There is no one answer to the overall insurance industry’s place within its cyclical path. Each product line needs to be looked at individually, according to Robert Berkley, CEO of W.R. Berkley Corp. “Once upon a time, most P/C product &#...
Posted: Jan 30, 2023
New York Gov. Kathy Hochul will not sign the measure on her desk that seeks to expand wrongful death damages as it is written. Instead, she wants lawmakers to amend the bill to exempt medical malpractice claims from the changes …
Posted: Jan 30, 2023
New York Gov. Kathy Hochul will not sign the measure on her desk that seeks to expand wrongful death damages as it is written. Instead, she wants lawmakers to amend the bill to exempt medical malpractice claims from the changes …
Posted: Jan 30, 2023
Judges are often sticklers for court deadlines, but they have to at least give a reason for dismissing a case when a lawyer fails to file a brief on time, the South Carolina Supreme Court said this month in a …
Posted: Jan 30, 2023
The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, healthcare, emergency response, climate forecasting and the electric grid. A senior U.S. administ...
Posted: Jan 30, 2023
LOUISVILLE, N.Y. (AP) — Six people died in upstate New York when a freight truck and an express bus carrying more than a dozen people collided Saturday near the U.S.-Canada border, state police said. Three others were injured, including one …
Posted: Jan 30, 2023
Federal crash investigators have released reports and investigative material about a multi-vehicle wreck a year ago in North Las Vegas that killed a driver and his passenger in a speeding sports car and seven members of a family in a …
Posted: Jan 30, 2023
Powerful Santa Ana winds tore across Southern California on last week – topping 100 mph, in parts – blowing over multiple big rigs on several highways and toppling massive 80-to-100 foot-tall trees, including in San Diego’s iconic Balboa Park w...
Posted: Jan 30, 2023
Federal and state officials on Friday marked the start of a $10 million project aimed at repairing and upgrading an Alabama community’s failing sewer system that has left residents dealing with pools of raw sewage at their homes. The project &#...
Posted: Jan 30, 2023
Federal and state officials on Friday marked the start of a $10 million project aimed at repairing and upgrading an Alabama community’s failing sewer system that has left residents dealing with pools of raw sewage at their homes. The project &#...
Posted: Jan 30, 2023