News Archives - Insurance Journal

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8 04, 2024

Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?

By | April 8th, 2024|Uncategorized|Comments Off on Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?

Executive Summary: Specialty insurance has experienced significant growth in recent years. Greg Gaydos, senior business development executive at Zywave, looks at the reasons and advises how to best take advantage of its wealth of opportunities. The excess and surplus lines …

4 04, 2024

Colombia Insurers Fear Petro’s Takeover to Spark Health Crisis

By | April 4th, 2024|Uncategorized|Comments Off on Colombia Insurers Fear Petro’s Takeover to Spark Health Crisis

President Gustavo Petro’s decision to take control of a top Colombian health insurer sets a dangerous precedent, according to the industry and patient associations. The South American nation’s health superintendent will run EPS Sanitas for one year after it failed …

4 04, 2024

Lack of Immunity Raises Risk of Bird Flu Pandemic: EU Food Safety Agency

By | April 4th, 2024|Uncategorized|Comments Off on Lack of Immunity Raises Risk of Bird Flu Pandemic: EU Food Safety Agency

The EU’s Food Safety Agency (EFSA) warned on Wednesday of a large-scale bird flu pandemic if the virus becomes transmissible between people as humans lack immunity against the virus. This comes a day after Texas reported that the H5N1 strain …

8 04, 2024

Tech Update: Verisk Launches Next Generation Catastrophe Models

By | April 8th, 2024|Uncategorized|Comments Off on Tech Update: Verisk Launches Next Generation Catastrophe Models

Verisk, the Jersey City, New Jersey-based data analytics and technology provider, has launched a suite of next generation catastrophe models. Verisk’s suite of 100+ Next Generation Models (NGM) is designed to help insurers and reinsurers evaluate risk across the globe, …

8 04, 2024

Pressure Grows on Swiss Insurer Baloise to Change Voting Rules

By | April 8th, 2024|Uncategorized|Comments Off on Pressure Grows on Swiss Insurer Baloise to Change Voting Rules

Shareholder pressure is growing on insurer Baloise to change its voting rules, with influential proxy adviser Glass Lewis backing one investor’s bid to remove a 2% ceiling on voting rights, saying it would make the Swiss group more attractive. Baloise …

4 04, 2024

Japanese Lens Maker Hoya Halts Production After Cyberattack

By | April 4th, 2024|Uncategorized|Comments Off on Japanese Lens Maker Hoya Halts Production After Cyberattack

Japanese lens maker Hoya Corp. on Thursday said the production of several of its products have stopped after a system failure, which was “most likely caused by unauthorized access” to its servers. Hoya said the company discovered a system discrepancy …

8 04, 2024

State Bar of Wisconsin Agrees to Change Diversity Definition in Lawsuit Settlement

By | April 8th, 2024|Uncategorized|Comments Off on State Bar of Wisconsin Agrees to Change Diversity Definition in Lawsuit Settlement

MADISON, Wis. (AP) — The Wisconsin association representing attorneys agreed last week to change the definition of “diversity” to settle a federal lawsuit brought by a conservative law firm that argued its internship program unconstitutionally discriminates based on race. The …

4 04, 2024

Freight Railroads Must Keep 2-Person Crews Under New Federal Rule

By | April 4th, 2024|Uncategorized|Comments Off on Freight Railroads Must Keep 2-Person Crews Under New Federal Rule

Major freight railroads will have to maintain two-person crews on most routes under a new federal rule that was finalized Tuesday in a milestone in organized labor’s long fight to preserve the practice. The Transportation Department’s Federal Railroad Administration released …

8 04, 2024

Pilot Says Plane That Skid at Houston Airport Had Shaky Brakes

By | April 8th, 2024|Uncategorized|Comments Off on Pilot Says Plane That Skid at Houston Airport Had Shaky Brakes

HOUSTON (AP) — The captain of a United Airlines jet said the brakes seemed less effective than normal and the plane and brake pedals shook violently just before the Boeing 737 Max slid off a taxiway in Houston last month. …

4 04, 2024

Citigroup Urges Dismissal of New York’s ‘Misguided’ Lawsuit Over Online Scams

By | April 4th, 2024|Uncategorized|Comments Off on Citigroup Urges Dismissal of New York’s ‘Misguided’ Lawsuit Over Online Scams

Citigroup on Tuesday urged a federal judge to dismiss New York Attorney General Letitia James’ lawsuit accusing its Citibank unit of failing to reimburse customers who fall victim to online scammers. While recognizing that the problem of online wire fraud …