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Showing posts with label
News Archives - Insurance Journal
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Showing posts with label
News Archives - Insurance Journal
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Show all posts
Monday, May 19, 2025
Severe Weather Leaves at Least 27 Dead, Including 18 in Kentucky
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At least 27 people have been killed by storms systems that swept across part of the U.S. Midwest and South, with Kentucky Gov. Andy Beshear ...
Capital One to Pay $425 Million to Settle Claims Over Savings Accounts
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Capital One has agreed to pay $425 million to settle nationwide litigation accusing it of cheating savings account depositors out of much hi...
EnergyAustralia Apologizes to Customers After Greenwashing Case
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CLP Holdings Ltd.’s EnergyAustralia — one of the nation’s “big three” energy companies — apologized to customers for the marketing of its ca...
Judge Dismisses LA Sparks Player’s WNBA Suit, But She Can Pursue Claim Against Las Vegas Aces
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A federal judge dismissed Los Angeles Sparks forward Dearica Hamby’s lawsuit against the WNBA, but said her litigation against the Las Vegas...
Mexican Navy Ship Hits Brooklyn Bridge, Killing Two on Crew
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A Mexican naval vessel carrying 277 people scraped the bottom of the Brooklyn Bridge on Saturday evening, leaving two crew members dead. The...
Friday, May 16, 2025
Army Working to Fix Military and Traffic Controllers Communications at DC Airport
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A hotline between military and civilian air traffic controllers in Washington, D.C., that hasn’t worked for more than three years may have c...
Davis & Towle Acquires New Hampshire’s Tobey & Merrill Insurance
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Insurance agency Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, announced its acquisition of Tobey & Merril...
Swiss Re Profits Up Despite Losses from California Wildfires
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Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive performance across the busine...
Thursday, May 15, 2025
State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing
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It’s not just a few Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports on property damage in recent y...
‘Synchronization’ of Europe’s Financial Rules With US, UK Is a Priority: France’s Macron
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French President Emmanuel Macron said on Thursday that getting European regulation to be more in sync with the United States and the United ...
Wednesday, May 14, 2025
Georgia Becomes Second State to Shield Bayer From Roundup Cancer Claims
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In a victory for global agrochemical maker Bayer, Georgia has become the second state to shield pesticide manufacturers from some lawsuits c...
People Moves: Medical Liability Insurer EmPRO Expands to Massachusetts, Names 3
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Medical malpractice insurer EmPRO Insurance Co. has opened its first office in Massachusetts. The new Boston office marks EmPRO’s further ex...
Aviva’s £3.7 Billion Direct Line Deal Faces UK Merger Review
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Aviva Plc faces a review by the UK’s merger watchdog into its plan to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.9 bil...
Tuesday, May 13, 2025
Global Banking Regulators Agree to Prioritize Climate Risk Work
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Global banking regulators on Monday agreed to intensify efforts to better understand the financial risks posed by climate change amid pushba...
Markets/Coverages: MGA Pen Launches Enhanced Cyber Risk Management Platform
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Pen Underwriting, the London-based managing general agent, has invested in a new cyber protection platform called “Pen Protect,” which aims ...
German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims
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Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7 bil...
Monday, May 12, 2025
Labor Market Stays Resilient, but Workers Less Productive in Q1
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The number of Americans filing new applications for unemployment benefits fell sharply as the spring break-related boost from the prior week...
Newark Plane Traffic Slowed Again Due to Telecoms Issue, FAA Says
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The Federal Aviation Administration was forced to briefly slow arriving and departing planes at New Jersey’s Newark Liberty International Ai...
Recovery of Superyacht Bayesian off Sicily Suspended After Diver Dies
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The recovery of a superyacht that sank last year off the Sicilian coast was temporarily halted Saturday following the death of a specialist ...
Heathrow Fire Timeline Set Out as Grid Security Focus Sharpens
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A detailed timeline of the events surrounding the unprecedented day-long blackout that hit London’s Heathrow Airport has been set out by the...
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