Insurance Journal
OCTOBER 4, 2024
Tesla said on Thursday it would recall more than 27,000 Cybertrucks in the United States due to delayed rear-view camera images that could impair driver visibility and increase crash risks.
Property Insurance Coverage Law
OCTOBER 2, 2024
Recent investigative reporting by CBS’s 60 Minutes, noted in CBS 60 Minutes Exposes Alleged Insurance Company Fraud: Adjusters Reveal Altered Hurricane Damage Estimates by Claims Management, has exposed alleged widespread underpayments of claims and unethical claims practices in Florida’s property insurance industry. This exposé raises serious questions about the effectiveness of state insurance regulators, particularly … The post The Regulatory Blind Spot: How Insurance Depart
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Insurance Journal
OCTOBER 16, 2024
Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind.
Insurance Journal
OCTOBER 23, 2024
The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual LexisNexis U.S.
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Insurance Journal
OCTOBER 28, 2024
More than 100 people were arrested late last week in storm-ravaged Pinellas County, Florida, charged with looting homes and working as unlicensed contractors, two weeks after Hurricane Milton forced many residents to evacuate.
Insurance Journal
OCTOBER 3, 2024
Softbank Group Corp., facing a $440 million lawsuit from Credit Suisse, said the bank was to blame for some of the investor losses tied to the collapse of Greensill Capital.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
OCTOBER 11, 2024
The company that owns the New York Mets professional baseball team is the target of a class action lawsuit alleging the organization collects and profits from fans’ biometric information at its stadium, CitiField, in violation of the city’s biometrics privacy …
Insurance Journal
OCTOBER 9, 2024
Even before the second megastorm in as many weeks brings devastating floodwaters to the Southeast US, it’s already clear that federal flood-risk maps underpinning decisions by millions of American homeowners and businesses are severely out of sync with a new …
Insurance Journal
OCTOBER 3, 2024
Generative artificial intelligence (AI) has emerged as a new technology with the potential to completely reshape business practices and create new avenues for innovation. It will significantly impact virtually every industry sector.
Insurance Journal
OCTOBER 23, 2024
Honda is recalling 780,000 vehicles in North America over concerns that a high-pressure fuel pump may crack and leak fuel.
Insurance Journal
OCTOBER 3, 2024
While the Lloyd’s market reported its best first-half profit in 17 years, it isn’t resting on its laurels. It is carefully monitoring areas where potential vulnerabilities have been identified.
Insurance Journal
OCTOBER 31, 2024
Insurtech Lemonade reported a third quarter 20243 net loss of nearly $68 million and a year-to-date loss of $172.2 million. Results were in comparison to a net loss of $61.5 during the same quarter and a loss of $194.
Insurance Journal
OCTOBER 21, 2024
Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to comply with regulations or to monitor AI results.
Insurance Journal
OCTOBER 30, 2024
Officials in two Southeastern states have taken steps to hold insurers or recipients of insurance funds accountable after Hurricanes Helene and Milton spurred thousands of insurance claims.
Insurance Journal
OCTOBER 7, 2024
Another day, another hurricane.
Insurance Journal
OCTOBER 28, 2024
A woman died in an outdoor fire in Massachusetts at an encampment in Millbury on Saturday night and crews on Sunday were still fighting a large overnight brush fire in Salem as dry and windy conditions have raised the risk …
Insurance Journal
OCTOBER 29, 2024
The Justice Department announced that it secured a settlement agreement with State Farm resolving the department’s determination that one of State Farm’s corporate offices in Richardson, Texas, violated the Immigration and Nationality Act (INA) when it terminated a worker in …
Insurance Journal
OCTOBER 23, 2024
Jio Financial Services Ltd.
Insurance Journal
OCTOBER 21, 2024
A 25-year-old Alabama man was arrested on Thursday for hacking the U.S. Securities and Exchange Commission’s X account this year as part of an alleged conspiracy to manipulate bitcoin prices, U.S. prosecutors said.
Insurance Journal
OCTOBER 10, 2024
The insurance industry faces significant challenges in covering catastrophic risks, especially as climate change drives more extreme weather events. With soaring premiums and increasing exclusions, the need for an accurate assessment of these risks is more important than ever.
Insurance Journal
OCTOBER 10, 2024
In the arid highlands near the town of Vergèze in southern France, the sun beats down on a small stone house as the buzz of cicadas fills the air.
Insurance Journal
OCTOBER 28, 2024
Moves by major U.S. fast-food chains to temporarily pull fresh onions off their menus on Thursday, after the vegetable was named as the likely source of an E.
Insurance Journal
OCTOBER 9, 2024
Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance prices which could boost some insurance companies’ shares, analysts at RBC Capital said.
Insurance Journal
OCTOBER 7, 2024
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, has appointed Tine Simonsen as the company’s head of Insurance for Continental Europe.
Insurance Journal
OCTOBER 1, 2024
Dockworkers on the U.S.
Insurance Journal
OCTOBER 7, 2024
Amid inflation and labor shortages, the growing impact of electric vehicles (EVs) and rising repair costs, insurers and repairers will have a bumpy road to navigate in the year ahead, according to CCC Intelligent Solutions Inc.
Insurance Journal
OCTOBER 31, 2024
Landmark Admin filed a notice of data breach last week after detecting suspicious activities on its system in May.
Insurance Journal
OCTOBER 28, 2024
Gas stoves in European homes are associated with tens of thousands of premature deaths, a study has found.
Insurance Journal
OCTOBER 28, 2024
Executive Summary: During the period 2013 through 2018, the U.S. did not become less litigious nor did Atlantic sea surface temperatures get less warm. Yet rates for U.S. excess liability and Atlantic hurricane both reduced, observe the co-founders of UWX.
Insurance Journal
OCTOBER 29, 2024
North Carolina Gov. Roy Cooper approved more than $600 million worth of disaster relief funding last Friday for western North Carolina counties affected by Hurricane Helene after legislators passed the recovery bill the day before.
Insurance Journal
OCTOBER 28, 2024
Liberty Mutual Insurance today said it expects up to $900 million in losses from hurricanes Helene and Milton.
Insurance Journal
OCTOBER 27, 2024
A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore’s Francis Scott Key Bridge in March, killing six people. The payment, approved by U.S.
Insurance Journal
OCTOBER 24, 2024
Global commercial insurance rates fell 1% in the third quarter of 2024 from the previous quarter, which marked the first time the index has recorded a quarterly decline since the third quarter of 2017, according to the Global Insurance Market …
Insurance Journal
OCTOBER 24, 2024
Commercial insurance rates during the third quarter in the U.S. increased 3%, with casualty rates up 10%.
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