Insurance Journal
DECEMBER 30, 2024
California Insurance Commissioner Ricardo Lara on Monday announced what he is calling the final step in his efforts to help the state’s ailing homeowners insurance market with the Net Cost of Reinsurance in Ratemaking Regulation, which enables reinsurance as a …
Insurance Journal
DECEMBER 9, 2024
The Bank of England will hide the identities of any pension funds, insurers or hedge funds bailed out under a new financial stability tool to prevent a wider crisis engulfing the economy, Deputy Governor Dave Ramsden said.
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Insurance Journal
DECEMBER 4, 2024
Executive Summary: With over 70% of insurers planning to deploy gen-AI tools over the next two years, AI promises much, and the keen adopters likely will be rewarded – but it’s a path that must be navigated carefully, keeping a …
Insurance Journal
DECEMBER 1, 2024
Zoom Communications Inc. has offered $18 million to settle a four-year-old US Securities and Exchange Commission probe related to its privacy policies and communications.
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Insurance Journal
DECEMBER 3, 2024
Last spring, the Federal Emergency Management Agency jolted southwest Florida communities – most of which were still recovering from Hurricane Ian in 2022 – when it announced that the areas would lose their community discounts on flood insurance due to …
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
DECEMBER 15, 2024
When analysts at AM Best reviewed outlooks for the property/casualty insurance and reinsurance sectors this week, recent good news of a change in outlook for personal linesand for the personal auto insurancewere the first highlights.
Insurance Journal
DECEMBER 31, 2024
As Rhode Island state officials feared would happen, hackers responsible for a ransomware attack on a popular state-administered benefits portal have posted some of the stolen information to the dark web.
Insurance Journal
DECEMBER 27, 2024
New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday.
Insurance Journal
DECEMBER 4, 2024
The UnitedHealth Group Inc. executive who was fatally shot in New York on Wednesday morning had no personal security detail, a circumstance that could prompt swift changes inside corporate boardrooms, especially as the global political environment grows more unstable.
Insurance Journal
DECEMBER 3, 2024
The city of Hoboken, New Jersey has reported it was the victim of a ransomware attack in the early hours of last Wednesday, November 27.
Insurance Journal
DECEMBER 2, 2024
AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, along with solid levels of risk-adjusted capitalization among carriers.
Insurance Journal
DECEMBER 2, 2024
Suspicious behavior on T-Mobile US Inc.’s network devices tipped off the company to a breach that was potentially part of a sprawling cyber-espionage campaign that has raised urgent questions about the exposure of a critical sector of the economy.
Insurance Journal
DECEMBER 22, 2024
Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to $2.2 billion in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday.
Insurance Journal
DECEMBER 26, 2024
Insurance trade organizations are always working for the industry so Insurance Journal asked them: What are the top priorities and/or challenges heading into 2025? Here are the responses we received: David A.
Insurance Journal
DECEMBER 25, 2024
What is the secret to an insurance claims experience that satisfies customers? For years, J.D. Power has conducted surveys and curated lists recognizing insurers that succeed at providing satisfactory claims experiences.
Insurance Journal
DECEMBER 6, 2024
The black-and-white message flickering across computer screens sparked panic at Knights of Old, a 158-year-old UK delivery company: “If you’re reading this, it means the internal infrastructure of your company is fully or partially dead.
Insurance Journal
DECEMBER 5, 2024
The Federal Deposit Insurance Corp. has started to directly monitor financial-technology companies that partner with banks across the US, according to people familiar with the regulator’s supervisory operations.
Insurance Journal
DECEMBER 31, 2024
An employee who was injured when rescuing chocolate candies from the heat in his employer-owned delivery truck is not due workers’ compensation benefits.
Insurance Journal
DECEMBER 31, 2024
The U.S. District Court for the Eastern District of Missouri entered an order on Dec.
Insurance Journal
DECEMBER 31, 2024
British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7 billion pound ($4.65 billion) cash-and-stock deal, the companies said on Monday [Dec.
Insurance Journal
DECEMBER 30, 2024
The Iowa Insurance Division last month entered into a consent order with a contractor who had made claims they were offering services that require a public adjuster license.
Insurance Journal
DECEMBER 3, 2024
The U.S. Centers for Disease Control and Prevention said on Tuesday that the E. coli outbreak linked to McDonald’s Quarter Pounder hamburgers is over and the investigation has been closed. As of Dec.
Insurance Journal
DECEMBER 30, 2024
MIAMI (AP) Florida condominium owners are looking at higher costs from condo associations in the new year, a consequence of a safety law passed by state lawmakers in 2022.
Insurance Journal
DECEMBER 31, 2024
An investigation by the U.S. Department of Labor’s Wage and Hour Division found Methodist Family Health in Little Rock, Ark. terminated a worker while out on family medical leave, a violation of the Family Medical Leave Act.
Insurance Journal
DECEMBER 29, 2024
Loyalhanna Insurance Group of Latrobe, Pennsylvania has been acquired by Union Bay Acquisition LLC, an aggregator of insurance agencies based in Lansdale, Pennsylvania. Terms were not disclosed. This acquisition is Union Bay’s sixteenth, and seventh in the state of Pennsylvania.
Insurance Journal
DECEMBER 3, 2024
A new report on emerging risks affecting wealthy households — those with assets of $500,000 to $5 million — highlights climate change, theft of collectibles and cybersecurity as top concerns.
Insurance Journal
DECEMBER 29, 2024
The deadliest air accident ever in South Korea killed 179 people on Sunday, when an airliner belly-landed and skidded off the end of the runway, erupting in a fireball as it slammed into a wall at Muan International Airport.
Insurance Journal
DECEMBER 22, 2024
Be on the lookout for Grinch-like characters hanging out at transportation hubs over the holidays. A CargoNet analysis of holiday-period theft data from the past five years shows a heightened risk during the Christmas and New Year periods.
Insurance Journal
DECEMBER 29, 2024
AT&T Inc. and Verizon Communications Inc. acknowledged that they’d been hit by the China-linked Salt Typhoon hacking operation but that their networks were now clear from the intrusion.
Insurance Journal
DECEMBER 29, 2024
Claims professionals need to adapt to the AI evolution at a fast pace as the same technologies used to fight claims fraud are also being used to perpetuate it, according to experts.
Insurance Journal
DECEMBER 27, 2024
Pittsburgh Regional Transit (PRT) has reported it is responding to a ransomware attack that was first detected on December 19, a day when the rail service experienced temporary disruptions.
Insurance Journal
DECEMBER 1, 2024
The Dutch company that owns Stop & Shop and Hannaford grocery stores across New England is dealing with a cyberattack that has disrupted online shopping, product deliveries and pharmacy services at some locations.
Insurance Journal
DECEMBER 2, 2024
AM Best is maintaining its stable market segment outlook on the U.S. commercial lines insurance sector for 2025, due partly to the segment’s persistently strong underwriting performance and improved investment returns, which have bolstered operating profitability.
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