Insurance Journal
JULY 31, 2024
Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the 10-year average — as extreme wildfires, droughts and floods upend historical norms.
Zywave
JULY 31, 2024
Integrate TurboRater with your agency management system to instantly bridge quote data directly into your workflow to save time, reduce manual entry errors, and increase the efficiency of your workflows.
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Insurance Journal
JULY 31, 2024
Damaging earthquakes that rocked West Texas in recent days were likely caused by oil and gas activity in an area that has weathered tremors for decades, according to the U.S. Geological Survey.
Splash: Finance and Insurance
JULY 31, 2024
The European Commission has launched a ship financing portal in a bid it says to boost the maritime sector’s green transition.
Insurance Journal
JULY 31, 2024
The Park Fire near Chico, California, at 609 square miles is now the fifth largest wildfire in history, destroying 277 structures and damaging 29, according to CalFire. The fire covers four counties—Butte, Plumas, Shasta, Tehama—and is 389,791 acres.
Paragon Independent Insurance Agencies
JULY 31, 2024
When buying a home, your mortgage company will require you to purchase homeowners insurance. Lenders want to ensure their interest in the property is protected if an unfortunate disaster damages it. Our knowledgeable agents at Paragon Independent Insurance Agency in Plano, TX, are here to help. The deductible is one of the most important decisions to make when choosing a homeowners policy.
Insurance Journal
JULY 31, 2024
A global accounting body on Wednesday proposed guidance on how companies can do more to show the impact of climate change on their financial performance, saying standalone disclosures do not give investors the clarity they need.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
JULY 31, 2024
LIVINGSTON, La. (AP) — Two boats collided on a Louisiana river, leaving two people dead and several others hurt, authorities said Monday. The collision happened early Sunday on the Tickfaw River near Kings Point in Livingston Parish.
Simply Insurance
JULY 31, 2024
The annual landlord insurance rates by state for a rental property is $1,516 per year. See how your state compares to the national average.
Insurance Journal
JULY 31, 2024
New Jersey property owners do not need to show that their home is damaged or decayed in order to qualify for a flood hazard permit to replace it, a state appeals court has ruled.
Insurance Journal
JULY 31, 2024
AM Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Stonetrust Commercial Insurance Company and Stonetrust Premier Casualty Insurance Company.
Insurance Journal
JULY 31, 2024
French farmers are calling on the government to provide financial aid as there’s a high risk that this year’s wheat harvest will be the lowest in at least a decade because of heavy rains.
Insurance Journal
JULY 31, 2024
When actuary Greg Fears attended a Western Region Captive Insurance Conference in April, he expected to learn and share information about emerging uses of captives for commercial risks, including trucking captives—a recent focus of his attention.
Insurance Journal
JULY 31, 2024
Written premium for the first quarter of 2024 was 3% lower than the first quarter of 2023, while written premium in 2023 was slightly above 2022, according to the Workers’ Compensation Insurance Rating Bureau of California.
Insurance Journal
JULY 31, 2024
MADISON, S.D. (AP) — A seed planted by South Dakota legislative and higher education leaders four decades ago has blossomed into one of the nation’s top high-tech universities located in a small city in the rural midsection of the state.
Insurance Journal
JULY 31, 2024
Economic liability associated with the remediation of perfluoroalkyl and polyfluoroalkyl substances (PFAS) in U.S. water districts is estimated to be between $120 billion and $175 billion, according to global consulting and actuarial firm Milliman Inc.
Insurance Journal
JULY 31, 2024
CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers.
Insurance Journal
JULY 31, 2024
International treaties preempt state-based legal actions, giving an air transport company a escape from claims on what a hemp producer said was botched paperwork for an overseas hemp shipment, a federal appeals court said. The ruling by the U.S.
Insurance Journal
JULY 31, 2024
In one of the nation’s largest wage recovery judgments, a Pennsylvania federal court has awarded $35.8 million in overtime back wages and liquidated damages to 6,000 current and former workers in nursing, rehabilitation and assisted living facilities.
Insurance Journal
JULY 31, 2024
The Tampa Bay Rays received final approval Tuesday for their proposal to build a new ballpark in St. Petersburg, Florida, capping a years-long process that had clouded the future of the Major League Baseball team.
Insurance Journal
JULY 31, 2024
Bain Capital Insurance has announced a capital investment in 1970 Group, a New York-based specialized risk financing provider to the insurance industry. 1970 Group offers expertise in structured financing, credit support and risk management.
Insurance Journal
JULY 31, 2024
The New York personal lines carrier Adirondack Insurance Exchange (AIE) is facing financial difficulties and has told its agents and customers that it is working on a transition plan for all existing policies.
Insurance Journal
JULY 31, 2024
NEW DELHI (AP) — Multiple landslides in southern India have killed 93 people and many others are feared trapped under the debris, officials said Tuesday, after torrential rains triggered torrents of mud and water that swept through tea estates and …
Insurance Journal
JULY 31, 2024
Verisk’s Property Claim Services unit confirmed reports it has designated the recent global information technology outage as a cyber catastrophe event.
Insurance Journal
JULY 31, 2024
Financial services and insurance provider CBIZ said on Wednesday it would buy Marcum, one of the biggest accounting services providers in the United States, in a $2.3 billion cash-and-stock deal. The accounting market in the U.S.
Insurance Journal
JULY 31, 2024
The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly $4 billion for American International Group (AIG).
Insurance Journal
JULY 31, 2024
The Liberty Company Insurance Brokers has named Chenoa Dall vice president and an employee benefits producer, based in Naples, Florida.
Insurance Journal
JULY 31, 2024
This edition of International People Moves details appointments at Swiss Re and MNK Re. A summary of these new hires follows here.
Insurance Journal
JULY 31, 2024
PIGEON FORGE, Tenn. (AP) — Strong thunderstorms brought flash flooding to Dolly Parton’s Dollywood in east Tennessee.
Insurance Journal
JULY 31, 2024
WCF Insurance Promotes Houting to SVP of Middle Market WCF Insurance, headquartered in Sandy, Utah, promoted Ken Houting to senior vice president of middle market. Houting leads growth and expansion of WCF’s middle market business unit.
Insurance Journal
JULY 31, 2024
IMA Financial Group, Inc. has expanded its team in New York City, hiring Shawn A. Jacobs for the newly created role of employee benefits new business client executive.
Insurance Journal
JULY 31, 2024
JACKSON, Miss. (AP) — A Mississippi grand jury decided not to bring criminal charges against a sheriff’s deputy who fatally shot a man who was yelling “shoot me,” the state attorney general’s office said Monday.
Insurance Journal
JULY 31, 2024
FORT LAUDERDALE, Fla.
Insurance Journal
JULY 31, 2024
JM Wilson, headquartered in Portage, Michigan, hired Gina Deryas as a transportation renewal underwriter and Brian Bragg as a transportation underwriter. JM Wilson team member Joe Delaney was promoted to transportation underwriter.
Insurance Journal
JULY 31, 2024
Norfolk Southern got a boost during the second quarter from insurance payments related to last year’s disastrous East Palestine derailment, but it also made progress in reducing its expenses and getting more efficient.
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