News Archives - Insurance Journal

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11 04, 2024

Florida’s Slide Insurance Secures $210 Million Catastrophe Bond

By | April 11th, 2024|Uncategorized|Comments Off on Florida’s Slide Insurance Secures $210 Million Catastrophe Bond

Tampa-based Slide Insurance announced it has finalized pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond. The largest cat bond sponsored by Slide to date, Purple Re Ltd. provides 40% more in fully collateralized reinsurance than the …

11 04, 2024

US Cyber Agency Warns of Compromise at Sisense Data Firm

By | April 11th, 2024|Uncategorized|Comments Off on US Cyber Agency Warns of Compromise at Sisense Data Firm

The US lead agency for federal cybersecurity is warning that Sisense Inc., a data analytics company, has suffered a compromise that could expose customer credentials and cryptographic secrets. Sisense provides AI-driven analytics to thousands of customers, according to the company’s …

5 04, 2024

Worker Burned in Explosion at Wisconsin Stadium Settles Lawsuit for $22M

By | April 5th, 2024|Uncategorized|Comments Off on Worker Burned in Explosion at Wisconsin Stadium Settles Lawsuit for $22M

MADISON, Wis. (AP) — A worker burned in a 2022 explosion during renovation work on the University of Wisconsin’s Camp Randall Stadium has settled his lawsuit against the project’s general contractor for $22 million, his attorney says. The settlement in …

11 04, 2024

Alera Group Acquires Texas-Based HealthSure

By | April 11th, 2024|Uncategorized|Comments Off on Alera Group Acquires Texas-Based HealthSure

Alera Group, a national insurance and financial services firm, announced today the acquisition of Texas-based HealthSure. Founded in 1998 by Barry Couch, HealthSure serves rural healthcare organizations as an independent agency specializing in risk consulting and insurance solutions. In alignment …

11 04, 2024

Oklahoma Judge Orders Chiefs Superfan to Pay $10.8M to Bank Teller

By | April 11th, 2024|Uncategorized|Comments Off on Oklahoma Judge Orders Chiefs Superfan to Pay $10.8M to Bank Teller

OKLAHOMA CITY (AP) — An Oklahoma judge ordered a Kansas City Chiefs superfan known as “ChiefsAholic” who admitted to a series of bank robberies to pay $10.8 million to a teller who was assaulted with a gun, though attorneys say …

5 04, 2024

Florida OIR Says Enhanced Data Reporting on Hurricane Ian Claims is Due April 17

By | April 5th, 2024|Uncategorized|Comments Off on Florida OIR Says Enhanced Data Reporting on Hurricane Ian Claims is Due April 17

The Florida Office of Insurance Regulation is reminding carriers that additional data is due April 17 on Hurricane Ian claims. All property insurers are required by law to submit the enhanced catastrophe reports, including additional claims and other data gathered …

11 04, 2024

St. Louis Contractor Faces $276K in Fines Over Deadly Fall Hazards

By | April 11th, 2024|Uncategorized|Comments Off on St. Louis Contractor Faces $276K in Fines Over Deadly Fall Hazards

Federal workplace safety inspectors found a Missouri roofing contractor again risking the safety of its employees by failing to protect them against the construction industry’s deadliest hazard — falls from heights— at five residential worksites in Wentzville in October and …

5 04, 2024

Violent Spring Noreaster Takes At Least 4 Lives

By | April 5th, 2024|Uncategorized|Comments Off on Violent Spring Noreaster Takes At Least 4 Lives

A violent storm that hit the Northeast the past two days has taken the lives of at least four people, three of whom were killed when uprooted trees crashed into their vehicles. Heavy rains and snow along with winds as …

5 04, 2024

High Insurance Premiums Are the Latest Thing Weighing on China’s EV Market

By | April 5th, 2024|Uncategorized|Comments Off on High Insurance Premiums Are the Latest Thing Weighing on China’s EV Market

In another setback for electric car demand in China, where uptake has slowed in recent months, some drivers are now finding themselves paying more for insurance — and are taking to social media to complain. In one report last week, …

11 04, 2024

Green Risk Shield, Striior Announce Wildfire Analytics and Underwriting Collaboration

By | April 11th, 2024|Uncategorized|Comments Off on Green Risk Shield, Striior Announce Wildfire Analytics and Underwriting Collaboration

Striior Insurance Solutions a managing general agent specializing in builder’s risk and a division of Intact Insurance Specialty Solutions, has partnered with Green Shield Risk Solutions, a Chicago-based catastrophe risk mitigation specialist, to access wildfire analytics. This collaboration focuses on …