News Archives - Insurance Journal

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21 02, 2025

Woman Sues Georgia Fertility Clinic, Saying She Gave Birth to Another Woman’s Baby

By | February 21st, 2025|Uncategorized|Comments Off on Woman Sues Georgia Fertility Clinic, Saying She Gave Birth to Another Woman’s Baby

SAVANNAH, Ga. (AP) — Krystena Murray became pregnant after undergoing in vitro fertilization two years ago, and said she was unaware until she gave birth that the fertility clinic had made a fateful mistake. In December 2023, Murray delivered a …

21 02, 2025

India Insurers Look to Hike Health Premiums as Pollution Stings

By | February 21st, 2025|Uncategorized|Comments Off on India Insurers Look to Hike Health Premiums as Pollution Stings

Indian insurers are considering making New Delhi residents pay 10% to 15% more for new health policies after an extraordinary spike in claims related to air pollution in 2024 in India’s capital, according to nine executives aware of the matter. …

18 02, 2025

Uber Targets Personal Injury Lawyers in Multimillion Dollar Ad Campaign

By | February 18th, 2025|Uncategorized|Comments Off on Uber Targets Personal Injury Lawyers in Multimillion Dollar Ad Campaign

Uber Technologies Inc. is pouring millions of dollars into a national ad campaign to push for reforms in insurance policies that it says have been exploited by personal injury lawyers and contribute to higher ride prices. The San Francisco-based rideshare …

22 01, 2025

Wildfire-Risk Models Are Struggling to Predict LA-Style Fires

By | January 22nd, 2025|Uncategorized|Comments Off on Wildfire-Risk Models Are Struggling to Predict LA-Style Fires

Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change. It’s a major problem for homeowners, insurers and investors, as …

6 02, 2025

13 US P/C Companies Impaired in 2023: AM Best

By | February 6th, 2025|Uncategorized|Comments Off on 13 US P/C Companies Impaired in 2023: AM Best

Thirteen U.S. property/casualty companies became impaired in 2023, 10 of which were placed into insolvent liquidation, according to an AM Best report. The insurance company impairments identified in the U.S. property/casualty industry in 2023 follow six reported impairments in 2022. …

11 02, 2025

It’s ‘Virtually Certain’ the World Has Already Breached 1.5C Warming Limit

By | February 11th, 2025|Uncategorized|Comments Off on It’s ‘Virtually Certain’ the World Has Already Breached 1.5C Warming Limit

The world may have already missed its chance to limit global warming to 1.5C, according to two new studies in Nature Climate Change. The Paris Agreement was inked in 2015, with 196 countries agreeing to rein in greenhouse gas emissions …

27 01, 2025

NYC Scraps ‘Solvent’ Requirement in Revised Taxi Insurance Rules

By | January 27th, 2025|Uncategorized|Comments Off on NYC Scraps ‘Solvent’ Requirement in Revised Taxi Insurance Rules

New York City is walking back a proposed rule change that would have required taxi and rideshare drivers to be covered by a “solvent and responsible” insurance carrier, after Uber Technologies Inc. warned the mandate risked leaving thousands of drivers …

31 01, 2025

Corporate ‘Irritation’ Over ESG Fueled by Significant Costs

By | January 31st, 2025|Uncategorized|Comments Off on Corporate ‘Irritation’ Over ESG Fueled by Significant Costs

As ESG rapidly morphs into one of the least-loved labels in global finance, those monitoring the development say it’s not all down to ideology. Instead, annoyance with environmental, social and governance metrics has grown along with regulatory requirements around ESG …

11 02, 2025

Insurers Pay Record Claims for Weather-Related Damage in UK: ABI

By | February 11th, 2025|Uncategorized|Comments Off on Insurers Pay Record Claims for Weather-Related Damage in UK: ABI

Insurers paid out a record £585 million (US$724.7 million) for weather-related damage to people’s homes and possessions in 2024 in the United Kingdom, according to the latest data from the Association of British Insurers (ABI). The record claims come following …

6 02, 2025

Denmark to Intensify Scrutiny of Russia Shadow-Fleet Tankers

By | February 6th, 2025|Uncategorized|Comments Off on Denmark to Intensify Scrutiny of Russia Shadow-Fleet Tankers

Denmark will ramp up inspections of ships transporting Russian oil through its narrow straits, in an effort to protect the environment and maritime safety from older vessels in Moscow’s shadow fleet. The Danish Maritime Authority will start conducting so-called Port …