Insurance Journal
AUGUST 22, 2024
New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and ransom payments.
Insurance Journal
AUGUST 4, 2024
By William Rabb Reinsurance in Florida’s long-stressed property insurance market was supposed to have stabilized this year – with only moderate rate increases and more availability.
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Insurance Journal
AUGUST 13, 2024
James Kirsh expects the cost of the property and casualty insurance for his family-owned foundry in Wisconsin that makes cast iron parts for tractors and other equipment to at least double when it’s up for renewal this fall.
Insurance Journal
AUGUST 14, 2024
McKinsey & Co. is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of the technology helps the consulting titan and its peers boost revenue following a period of tumult.
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Insurance Journal
AUGUST 5, 2024
Firefighters have increased containment on the 627-square-mile Park Fire near Chico, California, which is now 34% contained. The fire, now the fourth largest wildfire in history, is 401,740 acres. It was 24% contained on Friday.
Insurance Industry Brief brings together the best content for insurance professionals from the widest variety of industry thought leaders.
Insurance Journal
AUGUST 15, 2024
A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible.
Insurance Journal
AUGUST 9, 2024
Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be canceled, though several providers will share out the hit, two people involved in insurance for her tour told Reuters.
Insurance Journal
AUGUST 30, 2024
Specialist Risk Group (SRG) announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since 1987. Financial details of the transaction were not disclosed.
Insurance Journal
AUGUST 28, 2024
Georgia lawmakers this year put an end to direct-action lawsuits against trucking companies’ insurers, but that did not come soon enough to bar litigation brought by people involved in accidents with ride-sharing services.
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Insurance Journal
AUGUST 28, 2024
Americans are seeking to change their insurance coverage more frequently than in the past, after a surge in premiums that’s squeezed household budgets, a new industry report shows.
Insurance Journal
AUGUST 30, 2024
California lawmakers passed a bill to help close the pay gap between the California Department of Insurance’s fraud detectives and officers in other state agencies.
Insurance Journal
AUGUST 20, 2024
Grenada has become the first country in the world to use a so-called hurricane clause in a government bond – a special feature that allows authorities to postpone debt payments in the wake of a major natural disaster.
Insurance Journal
AUGUST 14, 2024
Issuance of catastrophe bonds is on track to exceed the record set in 2023, as a cocktail of climate change, population density and inflation feeds growth in a market built around natural disasters.
Insurance Journal
AUGUST 6, 2024
Google illegally monopolized the search market through exclusive deals, a judge ruled Monday, handing the government a win in its first major antitrust case against a tech giant in more than two decades.
Insurance Journal
AUGUST 11, 2024
The number of Florida claims from Hurricane Debby, filed within five days of the storm, already is almost half of the the number of claims filed in Hurricane Idalia in a three-month period.
Insurance Journal
AUGUST 8, 2024
Despite the dangers and expense associated with living in high-risk areas, large numbers of people are still moving to parts of America most impacted by wildfires, flooding and extreme heat.
Insurance Journal
AUGUST 12, 2024
In recent months the dynamic markings for voices asserting the insurance industry is not up to challenges posed by climate change have gone from mezzo-piano to mezzo-forte. In his endorsement of a proposal by Representative Adam Schiff (D-Calif.
Insurance Journal
AUGUST 5, 2024
CarShield will pay $10 million to settle charges that its advertisements and telemarketing for its extended auto warranty plans are deceptive and misleading, the Federal Trade Commission said.
Insurance Journal
AUGUST 30, 2024
Florida’s insurance commissioner in early August noted that rate increases by property-casualty insurers in the state have slowed significantly since 2023 legislative reforms were enacted, with 12 carriers asking for a small decrease this year and another two dozen filing …
Insurance Journal
AUGUST 30, 2024
The Texas Department of Insurance will hold two public meetings in September on the Texas Windstorm Insurance Association’s annual rate filing increase of 10% for residential and commercial properties. TDI will host a meeting on Monday, Sept.
Insurance Journal
AUGUST 27, 2024
The saga of the Murdaugh family in South Carolina continues, now with a convenience store company suing its liability insurers for failing to defend it against a second lawsuit stemming from the sale of beer to an underage Paul Murdaugh …
Insurance Journal
AUGUST 26, 2024
Conflicting federal policies may force thousands of residents in flood-prone areas to pay more for flood insurance or be left unaware of danger posed by dams built upstream from their homes and worksites, according to an Associated Press review of …
Insurance Journal
AUGUST 20, 2024
An upstate New York jury has awarded more than $287 million in punitive damages and other compensation to a man and the estate of his deceased girlfriend following a fatal accident involving their Harley-Davidson “trike” motorcycle.
Insurance Journal
AUGUST 30, 2024
Typhoon Shanshan, which struck southern Japan this week with heavy rain and strong winds, was likely intensified by climate change, according to a study from Imperial College London.
Insurance Journal
AUGUST 30, 2024
ALVORD, Texas (AP) — Four people were killed and 10 were injured when a van rolled multiple times after the driver veered off a Texas highway and then overcorrected Wednesday, authorities said. The crash happened just before 8 a.m.
Insurance Journal
AUGUST 15, 2024
More favorable mid-year 2024 results of U.S.
Insurance Journal
AUGUST 15, 2024
Hard reinsurance pricing conditions are likely to last longer than in previous market cycles mainly as a result of persistently high claims activity from the accumulation of medium-sized disaster losses and secondary perils, according to an AM Best report.
Insurance Journal
AUGUST 16, 2024
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Insurance Journal
AUGUST 18, 2024
Security leaders should be exercising every available option to upgrade their security posture, and cyber insurance policies could make or break the resiliency for many organizations across nearly all industries — K-12 education, retail, healthcare, manufacturing and more.
Insurance Journal
AUGUST 14, 2024
More than 2.6 million homes across 14 states with a total reconstruction cost of $1.3 trillion are at moderate to very high risk of wildfire damage during the 2024 wildfire season, a new report shows.
Insurance Journal
AUGUST 14, 2024
The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it.
Insurance Journal
AUGUST 18, 2024
A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers.
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